Moorhead Schools Legacy Foundation
Nonprofit profile at a glance
- EIN
- 812603701
- IRS 990-EZ coverage
- 2018–2019
- Forms available
- Form 990-EZ 2019, Form 990-N 2017
- Location
- Moorhead, MN, USA
- Phone
- 7012617012
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $41,846
- Expenses
- $21,542
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- LISA BORGEN (DIRECTOR)
- HEIDI GREGOIRE (DIRECTOR)
- JIM MCFARLANE (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 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Moorhead schools legacy foundation provides and promote education opportunites and assistance to children in the moorhead area schools: to assist the moorhead board of education to enhance moorhead area public schools in evey way: to secure, receive, manage, administer, and disburse funds for moorhead area public schools: promote and advocate positive relationships with community.
What it reported doing in 2019
Spud impact grants, funds to provide moorhead pubiic schools teachers with opportunity to submit grant applications for creative educational opportunities for students.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.5%; rating input score 51
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 48.5%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -103.4% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 51.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $22K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 5 filed schedules
- Filing history: 2 filing years from 2018 to 2019
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.