Overview
What is Morton Community Foundation?
Morton Community Foundation is a nonprofit organization situated in Morton, Illinois. Their primary objective is to better the lives of the local community, ensuring benefits for generations to come. They accomplish this by accumulating a permanent endowment and granting a portion of its earnings annually. The foundation's mission encompasses four key areas: constructing a community endowment, strategically investing in the community, fulfilling donors' charitable aspirations by creating lasting legacies, and demonstrating leadership by identifying and addressing the evolving needs within the community. With a small team of two dedicated individuals, Morton Community Foundation works diligently to strengthen and uplift their local area.
Official website here: www.mortoncommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Morton Community Foundation has achieved a perfect score of 100%, indicating exceptional performance in accountability and finance. This top rating is a testament to the foundation's strong governance, with 94% of its board members being independent, ensuring unbiased oversight. Additionally, the organization's financial practices are well-managed, with no material diversion of assets reported and excellent ratios reflecting its financial health.
The foundation's operational efficiency is highlighted by an impressive program expense ratio of 81%, meaning that a significant portion of its funds is directed toward its programs rather than administrative costs. Its fundraising efficiency is also noteworthy, with only $0.03 spent to raise each dollar, showcasing a commitment to maximizing donor contributions. Furthermore, the foundation maintains robust policies, including conflict of interest and whistleblower protections, underscoring its commitment to transparency.
While the data presents a strong overall evaluation, it does not detail specific programmatic outcomes or community impact, which are often critical factors for potential donors and stakeholders. Nonetheless, the Morton Community Foundation’s financial health and governance practices suggest a reliable and effective organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Morton Community Foundation legitimate?
Morton Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morton Community 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: $111,158
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,943
For more financial information, click here
Official website here: www.mortoncommunityfoundation.org
What is the mission statement of Morton Community Foundation?
The Morton Community Foundation is committed to enhancing the living standards of its residents, both current and future generations. This is achieved through several strategies. Firstly, the foundation works on building a community endowment, which serves as a source of sustainable funding. Secondly, it invests in the community by allocating funds strategically. Thirdly, the foundation helps donors translate their charitable aspirations into lasting legacies. Lastly, it provides leadership to recognize and tackle evolving community needs. In essence, the Morton Community Foundation aims to improve the community's well-being by fostering an endowment, funding projects, realizing donors' charitable dreams, and driving community development initiatives.
Official website here: www.mortoncommunityfoundation.org
Who is the CEO of Morton Community Foundation?
Scott Witzig is the Past President of Morton Community Foundation.
Official website here: www.mortoncommunityfoundation.org
What is the revenue of Morton Community Foundation?
Morton Community Foundation's revenue in 2022 was $3,821,125.
Official website here: www.mortoncommunityfoundation.org
Who are the executives of Morton Community Foundation and what are their salaries?
The average compensation at Morton Community Foundation during 2022 was $65,550. There are 2 employees and 3 volunteers at Morton Community Foundation.
Here are 16 key members and their salaries:
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Official website here: www.mortoncommunityfoundation.org
Where can I find the form 990 for Morton Community Foundation?
Morton Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mortoncommunityfoundation.org
Learn more at the official website: www.mortoncommunityfoundation.org
Mission Statement of Morton Community Foundation
Morton Community Foundation, a nonprofit organization, is committed to enhancing the living standards of residents in the Morton area, ensuring their well-being both now and in the future. They achieve this mission through various strategies. Firstly, they actively build a community endowment, which serves as a source of funding for numerous projects and initiatives. Secondly, they invest in their community by making strategic grants, directing resources towards projects that align with their vision and objectives. Thirdly, the foundation turns donors' charitable dreams into permanent legacies, enabling individuals to leave a lasting impact on their community. Lastly, the Morton Community Foundation provides leadership by identifying and addressing changing community needs, playing a proactive role in shaping the future of the area they serve.
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Impact
October, 2024
Morton Community Foundation significantly enhances the quality of life for Morton area residents through a multifaceted approach. By building a community endowment, the foundation ensures that funds are available for various projects and initiatives that benefit local residents. Strategic grant making allows for targeted investments in the community, addressing pressing needs and opportunities for growth.
Furthermore, the foundation plays a crucial role in transforming donors' charitable wishes into lasting legacies. By facilitating contributions that build permanent funds, it nurtures a culture of philanthropy that can impact generations. Through effective leadership, the foundation identifies and responds to the evolving needs of the community, fostering resilience and adaptability. The cumulative effect of these efforts is a stronger, more vibrant Morton area, where both current and future residents can thrive.
This information is meant to be a general summary of Morton Community 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 2022.
- Investment Income: $388,810
- Gross Receipts: $3,823,401
Assets and Liabilities:
- Total Assets: $11,249,928
- Total Liabilities: $918,980
- Net Assets: $10,330,948
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Organization Details
Founding Year
2000
Phone
(309) 291-0434Principal Officer
Scott Witzig
Main Address
135 S FIRST AVE, MORTON, IL, 615502035
NTEE Category
Code: T31 - Philanthropy
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