Ralph K Morris Foundation

Nonprofit profile at a glance

EIN
411981038
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Minneapolis, MN, USA
Phone
6125681225
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$41,472
Expenses
$61,731
Assets
$437,931
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • WILLIAM J NELSON (CHAIRMAN)
  • CHRISTOPHER MORRIS ESQ (VICE CHAIRMAN)
  • JASON LUEDERS (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The ralph k. Morris foundation provides development and leadership opportunities for emerging leaders expressing an interest in applying and advancing the principles of cooperation, and in promoting farmland preservation, land stewardship and sustainability.

What it reported doing in 2024

The foundation's principal activity has been, through its ralph k. Morris foundation cooperative leadership fund, to provide financial support, in the form of scholarships, to help cover costs associated with training, professional development and educational programs for emerging cooperative leaders expressing an interest in applying and advancing the principals of cooperation, and in promoting farmland preservation, land stewardship and sustainability. The scholarships are primarily intended for students or individuals who do not have substantial experience in working for cooperatives; scholarships are generally not made to individuals with extensive cooperative industry experience.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 67.6%; rating input score 68

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -48.8%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 7.09; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 28.9% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 67.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $42K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.