Morselife Foundation Inc
Nonprofit profile at a glance
- EIN
- 592774476
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- West Palm Beach, FL, USA
- Phone
- 5614715111
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $6,957,097
- Expenses
- $8,794,898
- Assets
- $39,159,798
- Liabilities
- $24,572,228
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KEITH MYERS (CEO, PRESIDENT)
- JOAN BEVER (SENIOR VICE PRESIDENT, EVENTS)
Highest reported compensation
- CAROLYN ROSE (SENIOR VP, ML FOUNDATION): $414,434 total reported compensation
- JOAN BEVER (SENIOR VICE PRESIDENT, EVENTS): $353,536 total reported compensation
- IRVING GEFFEN (VP OF MORSELIFE FOUNDATION): $341,043 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To solicit, receive and invest the proceeds of grants, contributions, pledges, and other support from governmental entities and the public at large, and to support all related tax-exempt organizations for the purpose of enhancing senior living in the spirit of jewish tradition.
What it reported doing in 2024
The organization solicits and collects funds for the benefit of its affiliated tax-exempt entities. The funds are given to the affiliates in support of their tax-exempt purpose of providing senior living accommodations and health services.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 72% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 76
- Accountability: 88
- Sustainability: 30
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.7%; rating input score 92
- Program expense ratio: 63.3%; rating input score 63
- Fundraising efficiency: $1.84 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.4%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 4.45; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.63; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 18.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -7% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: -1.1% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 91.7% of revenue deployed · 63.3% of spending went to programs
- Governance: 14 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.6M in reported program spending
- Leadership: top reported pay $414K · 22 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $848K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 17 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.