Overview
What is Morning Sun Development Corp?
Morning Sun Development Corp is a nonprofit organization situated in Morning Sun, Iowa. Their primary mission is to foster initiatives that contribute to the growth, preservation, and promotion of this community as an appealing place for living, working, and conducting business. They carry out this mission through four main activities: the Lora Rock Gallery, the United States Rural Free Delivery Postal Museum, Sunshine Gardens, and maintaining the community center. These initiatives aim to enrich and showcase the charm and character of Morning Sun, Iowa.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Morning Sun Development Corp has received a solid score of 87%, reflecting effective management and a commitment to accountability and transparency. The organization boasts a 100% independent board, indicating strong governance practices. Furthermore, it has demonstrated no material diversion of assets and has comprehensive policies in place regarding conflicts of interest and document retention.
The program expense ratio is notably high at 94.5%, suggesting that a significant portion of its funding is directed toward its programs rather than administrative costs. This efficiency is a strong point in the charity's favor, as it indicates a focus on maximizing the impact of its work. The organization's commitment to maintaining proper meeting documentation further reinforces its operational integrity.
While the rating is commendable, potential donors should consider the overall context, including the charity's specific initiatives and long-term impact in the community. Overall, Morning Sun Development Corp demonstrates a solid foundation for responsible nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is Morning Sun Development Corp legitimate?
Morning Sun Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morning Sun Development Corp 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
For more financial information, click here
What is the mission statement of Morning Sun Development Corp?
The Morning Sun Development Corporation's mission is centered around supporting initiatives that contribute to the development, maintenance, and promotion of a vibrant community. Its primary goal is to make this community an appealing place for living, working, and conducting business. To achieve this, the organization engages in various activities, including the operation of the Lora Rock Gallery, the United States Rural Free Delivery Postal Museum, Sunshine Gardens, and maintaining the community center. These initiatives aim to positively showcase and enhance the town's appeal.
Who is the CEO of Morning Sun Development Corp?
David Pierce is the President of Morning Sun Development Corp.
What is the revenue of Morning Sun Development Corp?
Morning Sun Development Corp's revenue in 2022 was $19,728.
Who are the executives of Morning Sun Development Corp and what are their salaries?
There 8 volunteers at Morning Sun Development Corp.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Morning Sun Development Corp?
Morning Sun Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morning Sun Development Corp
Morning Sun Development Corporation is committed to supporting initiatives that enhance the livability, work environment, and business potential of its community. The organization's primary mission is to promote and develop Morning Sun, Iowa as an appealing destination for residents and businesses alike. To achieve this goal, Morning Sun Development Corporation engages in several key activities.
Firstly, the organization operates the Lora Rock Gallery, a space dedicated to showcasing local art and talent. This initiative not only supports local artists but also contributes to the cultural richness of the community. Secondly, Morning Sun Development Corporation is home to the United States Rural Free Delivery Postal Museum. This unique museum preserves the history of rural mail delivery, providing an educational and entertaining experience for visitors.
Thirdly, the organization manages Sunshine Gardens, a community space that serves as a tranquil oasis for residents. This garden provides an opportunity for community members to connect with nature and each other, fostering a sense of community and well-being. Lastly, the organization maintains the Community Center, a versatile space that accommodates a variety of community events and activities.
In essence, Morning Sun Development Corporation is a driving force behind the positive promotion and development of its community. Through its various initiatives, it aims to enhance the quality of life for residents and attract businesses to the area, ultimately transforming Morning Sun into an attractive place to live, work, and do business.
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Impact
August, 2024
Morning Sun Development Corp has made a significant impact in the community of Morning Sun, Iowa by supporting initiatives that contribute to the development, maintenance, and promotion of the town. Through various activities such as the Lora Rock Gallery, United States Rural Free Delivery Postal Museum, Sunshine Gardens, and the maintenance of the community center, the organization has worked towards making Morning Sun a more attractive place to live, work, and do business. Their efforts have not only enhanced the local community but have also fostered a sense of pride and vibrancy among residents.
This information is meant to be a general summary of Morning Sun Development Corp. 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: $30
- Gross Receipts: $23,916
Assets and Liabilities:
- Total Assets: $813,136
- Total Liabilities: $0
- Net Assets: $813,136
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Organization Details
Founding Year
1986
Phone
(319) 868-6722Principal Officer
David Pierce
Main Address
PO BOX 555, MORNING SUN, IA, 52640
NTEE Category
Code: S19 - Community improvement
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