Overview
What is Friends Of Morselife Inc?
Friends of Morselife Inc is a charitable organization situated in West Palm Beach, Florida. Their primary objective is to collect funds from the public for the benefit of associated 501(c)(3) organizations that cater to the needs of the elderly, ensuring they maintain a dignified lifestyle. The organization raises funds to support the activities of these affiliated entities, thereby enhancing the quality of life for the seniors under Morselife's care.
Official website here: www.morselife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
Friends of Morselife Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices. The overall score reflects a lack of program expenses, which suggests that the organization may not be effectively utilizing its funds for its intended charitable programs. The low score in the program expense ratio is particularly alarming, as it indicates that little to no money is being directly allocated to programs that could benefit the community.
Despite these financial shortcomings, the organization demonstrates strong governance and accountability practices. Friends of Morselife Inc has an entirely independent board with a solid size, and it adheres to several key policies such as conflict of interest and whistleblower protections. These strengths indicate a commitment to transparency and ethical governance, which is essential for nonprofit organizations.
However, the critical issue lies in the liabilities to assets ratio, which scored zero, implying potential fiscal instability. This, combined with the low program expense ratio, raises questions about the organization's operational effectiveness. Without focusing on delivering tangible benefits to its beneficiaries, Friends of Morselife Inc may face challenges in gaining the trust and support of donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Morselife Inc legitimate?
Friends Of Morselife Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Morselife 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $543,557
For more financial information, click here
Official website here: www.morselife.org
What is the mission statement of Friends Of Morselife Inc?
Friends of Morselife Inc's mission is to raise funds to support the activities of affiliated 501(c)(3) entities. The primary goal of this fundraising is to enhance the quality and dignity of life for seniors served by Morselife. The organization's primary purpose is to garner financial support from the public for related 501(c)(3) organizations that cater to the needs of the frail elderly.
Official website here: www.morselife.org
Who is the CEO of Friends Of Morselife Inc?
Keith Myers is the CEO of Friends Of Morselife Inc The CEO's salary of Friends Of Morselife Inc is $0 and their total compensation is $0.
Official website here: www.morselife.org
What is the revenue of Friends Of Morselife Inc?
Friends Of Morselife Inc's revenue in 2024 was $1,209,689.
Official website here: www.morselife.org
Who are the executives of Friends Of Morselife Inc and what are their salaries?
There 14 volunteers at Friends Of Morselife Inc.
Here are 16 key members and their salaries (Friends Of Morselife Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
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- Other: $0
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- Related: $171,042
- Other: $6,461
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.morselife.org
Where can I find the form 990 for Friends Of Morselife Inc?
Friends Of Morselife Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.morselife.org
Learn more at the official website: www.morselife.org
Mission Statement of Friends Of Morselife Inc
Friends of Morselife Inc is an organization dedicated to raising funds for the activities of affiliated 501(c)(3) entities. Their primary mission is to support these entities, which in turn cater to the needs of the frail elderly. By raising funds from the public, Friends of Morselife enables these organizations to provide services that allow seniors to live their lives with quality and dignity. The organization's role is instrumental in ensuring that the elderly in their care enjoy a life that is both fulfilling and respectful, enhancing their overall well-being.
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Impact
August, 2024
Friends Of Morselife Inc's impact is crucial in providing support to affiliated 501(c)(3) organizations that care for the frail elderly. By raising funds from the public, they enable seniors served by Morselife to live their lives with quality and dignity. This organization plays a vital role in ensuring that the elderly receive the necessary care and services to maintain their well-being and independence.
This information is meant to be a general summary of Friends Of Morselife 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 2024.
- Gross Receipts: $1,857,273
Assets and Liabilities:
- Total Assets: $212,127
- Total Liabilities: $969,367
- Net Assets: -$757,240
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Organization Details
Founding Year
1992
Principal Officer
Keith A Myers
Website
www.morselife.orgNTEE Category
Code: E91I - Health
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