Overview
What is Thomas Patrick Morrison Foundation?
The Thomas Patrick Morrison Foundation is a nonprofit organization, situated in Guilderland, New York. Their primary mission is to extend aid to families of children afflicted with illnesses. They accomplish this by directly granting funds or covering medical and living expenses. The organization's primary objective, as outlined in its exempt purpose, is to provide financial assistance to sick children. This foundation plays a significant role in supporting families during challenging times, offering a vital lifeline during their children's medical journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star Rating)
The Thomas Patrick Morrison Foundation has received a low rating of 52%, indicating areas of concern regarding its overall accountability and financial health. The organization has a perfect score in aspects such as having a majority of independent board members and no material diversion of assets, suggesting a strong governance structure. However, its overall performance is hindered by a low program expense ratio, which raises questions about the effectiveness of its spending in relation to its mission.
Strengths include a fully independent board and complete documentation of board meeting minutes, which reflect transparency and adherence to governance best practices. The liabilities to assets ratio stands at zero, indicating that the foundation does not carry any debt, which is a positive sign for financial stability. Nonetheless, the low program expense ratio of 53.50% reveals that a significant portion of funds may not be directed towards programmatic activities, which is a critical factor for assessing the impact of the organization.
In summary, while the Thomas Patrick Morrison Foundation exhibits strong governance practices, its overall rating and program expense efficiency suggest that improvements are needed to ensure that more resources are allocated to its charitable programs. Potential donors and supporters should consider these aspects when evaluating the foundation's effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas Patrick Morrison Foundation legitimate?
Thomas Patrick Morrison Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Patrick Morrison Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Thomas Patrick Morrison Foundation?
The Thomas Patrick Morrison Foundation's primary objective is to extend aid to children suffering from illnesses. This is accomplished by providing direct grants or covering their medical and living expenses for their families. The organization's mission is centered around supporting these sick children, working towards alleviating their hardships. While specific programs or initiatives aren't mentioned in the provided data, it's clear that the foundation's focus lies in offering financial assistance to families in need, thereby easing their burden during their children's illnesses.
What is the revenue of Thomas Patrick Morrison Foundation?
Thomas Patrick Morrison Foundation's revenue in 2024 was $64,708.
Who are the executives of Thomas Patrick Morrison Foundation and what are their salaries?
There 15 volunteers at Thomas Patrick Morrison Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Thomas Patrick Morrison Foundation?
Thomas Patrick Morrison Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Thomas Patrick Morrison Foundation
The Thomas Patrick Morrison Foundation, as stated in its primary exempt purpose, is dedicated to extending aid to children who are ill. This nonprofit organization accomplishes this mission by making grants directly to these families or by covering their medical and living expenses. By providing this assistance, the Thomas Patrick Morrison Foundation seeks to alleviate some of the financial burden that often comes with caring for a sick child. This philanthropic organization is committed to making a positive impact on the lives of these children and their families, offering them vital support during challenging times.
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Impact
August, 2024
The Thomas Patrick Morrison Foundation's impact is significant in providing assistance to families of sick children by making direct grants or payments of medical and other living expenses. This support has helped alleviate financial burdens and ensured that children receive the necessary care and resources they need during difficult times. Their mission to make grants to sick children has made a positive difference in the lives of those facing health challenges.
This information is meant to be a general summary of Thomas Patrick Morrison Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $9,775
- Gross Receipts: $118,431
Assets and Liabilities:
- Total Assets: $703,426
- Total Liabilities: $0
- Net Assets: $703,426
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Organization Details
Founding Year
2006
Principal Officer
Carmelina S Morrison
NTEE Category
Code: G20 - Disease
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