Overview
What is Morselife Foundation Inc?
Morselife Foundation Inc is a West Palm Beach, Florida-based nonprofit organization dedicated to raising funds for affiliated tax-exempt entities. Their mission involves soliciting and collecting contributions, pledges, and grants from both governmental entities and the public, which are then distributed to support various organizations focused on enhancing senior living. The Foundation's work is deeply rooted in Jewish tradition, as reflected in their mission statement. They provide crucial financial support to their affiliated agencies, enabling them to deliver senior living accommodations and essential health services.
Official website here: www.morselifefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 84% (Three-Star out of Four Star rating)
Morselife Foundation Inc has achieved an 84% rating from Charity Navigator, reflecting a solid commitment to accountability and financial stewardship. This score is derived solely from its accountability and finance metrics, indicating that the organization is well-managed in these areas. Notably, the foundation has a fully independent board, which is crucial for maintaining transparency and objectivity in governance.
The organization performs well in multiple aspects of financial oversight, such as having an audit committee and no reported material diversion of assets. Its financial policies, including conflict of interest and whistleblower policies, are well-documented. Additionally, the foundation's program expense ratio is commendable, allocating a significant portion of its budget toward its programs.
However, there are areas for improvement, particularly regarding its liabilities to assets ratio, where it scored lower. While the program expense ratio is strong, the fundraising efficiency suggests that a portion of funds raised is consumed by operational costs. Overall, Morselife Foundation Inc demonstrates effective governance and responsible financial practices but could enhance its fundraising strategies for greater impact.
This AI summary has been generated from information found on Charity Navigator.
Is Morselife Foundation Inc legitimate?
Morselife Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morselife Foundation Inc 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: $1,274,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,571
For more financial information, click here
Official website here: www.morselifefoundation.org
What is the mission statement of Morselife Foundation Inc?
The Morselife Foundation Inc is dedicated to boosting the capabilities of affiliated tax-exempt organizations. Its primary goal is to gather funds from various sources, including the public and governmental entities, and invest them to enhance senior living. The organization's mission is deeply rooted in Jewish tradition and aims to support these organizations in their tax-exempt objectives, which focus on providing senior living accommodations and essential health services. By collecting and distributing funds, the Morselife Foundation plays a crucial role in improving the lives of seniors through its affiliated entities.
Official website here: www.morselifefoundation.org
Who is the CEO of Morselife Foundation Inc?
Keith A Myers is the Chief Executive Officer of Morselife Foundation Inc. The CEO's salary of Morselife Foundation Inc is $0 and their total compensation is $0.
Official website here: www.morselifefoundation.org
What is the revenue of Morselife Foundation Inc?
Morselife Foundation Inc's revenue in 2022 was $14,295,083.
Official website here: www.morselifefoundation.org
Who are the executives of Morselife Foundation Inc and what are their salaries?
There 20 volunteers at Morselife Foundation Inc.
Here are 19 key members and their salaries (Morselife Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $391,074
- Related: $0
- Other: $31,639
- Compensation: $237,601
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- Other: $17,826
- Compensation: $196,467
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- Other: $1,478
- Compensation: $216,371
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- Other: $7,137
- Compensation: $132,200
- Related: $0
- Other: $9,077
Official website here: www.morselifefoundation.org
Where can I find the form 990 for Morselife Foundation Inc?
Morselife Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morselifefoundation.org
Learn more at the official website: www.morselifefoundation.org
Mission Statement of Morselife Foundation Inc
Morselife Foundation Inc, a philanthropic organization, is dedicated to enhancing senior living by soliciting and managing funds for related tax-exempt entities. In the spirit of Jewish tradition, this foundation collects grants, contributions, pledges, and other forms of support from both governmental entities and the public at large. The primary goal of Morselife Foundation Inc is to invest these funds into its affiliated organizations to further their tax-exempt objectives.
The mission of Morselife Foundation Inc is twofold. First, it involves providing financial assistance to its affiliated entities in their pursuit of senior living accommodations and health services. By pooling resources, Morselife Foundation Inc amplifies the impact of these organizations and their efforts to improve the lives of seniors. Second, this foundation embodies the Jewish tradition of giving and charitable work, thereby contributing to the broader cause of enhancing senior living.
Morselife Foundation Inc functions as a bridge between donors and its affiliated organizations. It collects resources and distributes them to the organizations, enabling them to focus on their core missions. The foundation's role is crucial in supporting these entities as they aim to provide essential accommodations and health services for seniors. Through its fundraising and investment activities, Morselife Foundation Inc fosters a vibrant and sustainable ecosystem of organizations dedicated to senior living.
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Impact
October, 2024
Morselife Foundation Inc significantly enhances senior living by providing crucial financial support to its affiliated agencies. Through the solicitation and collection of funds, the organization bolsters initiatives that deliver senior living accommodations and health services. By strategically investing grants, contributions, and pledges from governmental entities and the public, Morselife Foundation strengthens the infrastructure necessary for quality care and support in the senior community. Grounded in the spirit of Jewish tradition, its mission is deeply committed to enriching the lives of seniors, ensuring they receive the essential resources and services needed to thrive. Based in West Palm Beach, FL, Morselife plays a pivotal role in fostering a compassionate and supportive environment for older adults.
This information is meant to be a general summary of Morselife Foundation Inc. 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: $6,295,105
- Gross Receipts: $14,295,083
Assets and Liabilities:
- Total Assets: $49,056,952
- Total Liabilities: $31,146,203
- Net Assets: $17,910,749
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Organization Details
Founding Year
1987
Phone
(561) 471-5111Principal Officer
Keith A Myers
Main Address
4847 DAVID S MACK DRIVE, WEST PALM BEACH, FL, 33417
Website
www.morselifefoundation.orgNTEE Category
Code: P110 - Human services
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