Mildred Morgan Memorial Foundation
Nonprofit profile at a glance
- EIN
- 541877554
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Silver Spring, MD, USA
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $73,765
- Expenses
- $76,891
- Assets
- $473,765
- Liabilities
- $76,891
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Ronald Douglas Morgan (CEO)
People named in this filing
- Ronald Douglas Morgan (CEO)
- Mathilda Cox (Secretary - Treasurer)
- Gregory Brumfield (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Create housing studio gallery and performance space for visual and performing artist; Library for educational programs activities and research and to promote art related programs and activities to promote the benefits of the arts for the public; and incubator space for the development of arts organizations.
What it reported doing in 2025
The Foundations accomplishments have been limited to collecting and processing donations for the development of its library as a result of a fire that destroyed its surplus school building and around 50% of its library; the lack of space for the implementation of its programs activities and donation sales; time and resources spent in search for a permanent location between Baltimore and Washington DC; the sale of its property and the relocation of its assets from VA to MD.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 79.8%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.2%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 6.16; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 83.2% of revenue deployed · 79.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $61K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.