Morgan Adams Foundation

Tax-deductible

Denver, CO501(c)(3)Medical ResearchEIN 20-0165051Revenue $3.0M in FY2024

On file with the IRSmorganadamsfoundation.org5303 E Evans Ave Ste 200, 80222-5237 · Denver, COTax-exempt since Apr 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To fund critically needed pediatric oncology research

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 200 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $148K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$237K
to officers and key staff · 9% of spending
Top officer’s pay lower than 71% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$309K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+45% vs prior year
Spent
$2.6M
To programs
72%
Net assets
$875K
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.0M
FY2023$2.1M
FY2024$3.0M
Expenses
$2.6M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.8M
FY2023$2.2M
FY2024$2.6M
Net assets
$875K
FY2024▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$281K
FY2021$531K
FY2022$669K
FY2023$478K
FY2024$875K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.9M Management & general 11% · $292K Fundraising 17% · $449K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $237K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Dir and Co-Founder
$130,000Pt VII · Sec A
Major Gifts Officer
$107,488Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joan Slaughter’s $130K as Exec Dir and Co-Founder is at the 29th percentile of top reported officer pay among 360 $1–10M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joan Slaughter$130,000$130,000$93,333$94,232$81,630
Jaime Marston Cook$107,488————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Morgan Adams Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds vital research to fight childhood cancer.

Provided by the organization

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3 programs · $1.9M · in their own filed words · FY2024
01

Through careful consideration and placement of our funding, we encouraged and supported research intended to improve treatment effectiveness, improve treatment outcomes, and improve the quality of life for children battling cancer.

$1.2Mprogram expense
02

The morgan adams foundation is an ongoing resource for information on childhood, adolescent and young adult cancers, their current treatments and the need for ongoing new treatment development.

$629Kprogram expense
03

Radflix, a program of the foundation, manufactures proprietary systems for video-based distraction therapy during radiation for pediatric cancer patients. These systems are sold or donated to hospitals around the country.

$96Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$28K
Grants paid · 22 grants · $4.7M · 2020–2024
Children's Hospital ColoradoCO · FY2024$1,007,000
Children's Hospital ColoradoCO · FY2023$815,000
Tough2gether FoundationKS · FY2023$80,000
Individual RecipientFY2023$44,379
Children's Hospital ColoradoCO · FY2022$805,000
Individual RecipientFY2022$49,683
DdfraNJ · FY2022$47,500
Children's Hospital ColoradoCO · FY2021$797,500
Riley Children's HospitalFY2021$15,000
See all 22 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.8M
Other incomeLn 4–11$211K
Investment incomeLn 3$13K
Money outPt IX
$2.6M
Ln 25
Programscol B$1.9M
Managementcol C$292K
Fundraisingcol D$449K
Owns and owesPt X
$875K
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$1.2M
LiabilitiesLn 26$309K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Noncash giftsLn 1g$226K
Fundraising eventsLn 1c$1.4M
Investment incomeLn 3$13K
Other incomeLn 4–11$211K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$555K
Cash and savings togetherLn 1–2$555K
InvestmentsLn 11–13$374K
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$133K
Total assetsLn 16$1.2M
LiabilitiesLn 26$309K
Net assetsLn 32$875K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$87K$555K
InvestmentsLn 11–13$276K$374K
Land, buildings, equipmentLn 10c$32K$22K
Total assetsLn 16$682K$1.2M
LiabilitiesLn 26$204K$309K
Net assetsLn 32$478K$875K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$130K$61K$17K$52K
Other salaries and wagesLn 7$641K$303K$153K$185K
Other employee benefitsLn 9$29K$13K$6K$9K
Payroll taxesLn 10$65K$31K$14K$20K
Legal feesLn 11b$32K$22K$10K
Accounting feesLn 11c$65K$5K$60K
Other fees for servicesLn 11g$133K$82K$3K$47K
Advertising and promotionLn 12$15K$5K$2K$8K
Office expensesLn 13$67K$20K$3K$44K
Information technologyLn 14$20K$10K$4K$6K
OccupancyLn 16$42K$17K$8K$17K
TravelLn 17$37K$22K$276$14K
Conferences, conventions and meetingsLn 19$26K$11K$2K$13K
Depreciation, depletion and amortizationLn 22$19K$9K$4K$6K
InsuranceLn 23$13K$7K$2K$4K
Other expenses (24a–d)Ln 24$37K$11K$2K$24K
Total functional expensesLn 25$2.6M$1.9M$292K$449K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$2.6M$370K$875K 990 PDF
FY2023 $2.1M$2.2M−$143K$478K 990 PDF
FY2022 $2.0M$1.8M$155K$669K 990 PDF
FY2021 $1.8M$1.5M$236K$531K 990 PDF
FY2020 $1.5M$1.4M$121K$281K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,011,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,973,163$2,786,752
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,758$13,109
I-11 Other revenuePrior year $90,944$211,473
I-12 Total revenuePrior year $2,071,865$3,011,334
I-13 Grants and similar amounts paidPrior year $1,039,379$1,270,808
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $696,050$864,900
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $479,607$505,624
I-18 Total expensesPrior year $2,215,036$2,641,332
I-19 Revenue less expensesPrior year −$143,171$370,002
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,011,334 across 7 lines filed
Lines not itemized here account for $24,031 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,421,017
VIII-1f All other contributions, gifts and grants$1,365,735
VIII-1g Noncash contributions (included above)$226,286
VIII-1h Total contributions, gifts and grants$2,786,752
VIII-3 Investment incomeExcluded from tax $13,109$13,109
VIII-8 Net income from fundraising eventsExcluded from tax $187,442$187,442
VIII-12 Total revenueRelated to mission $24,031 · Unrelated business $0 · Excluded from tax $200,551$3,011,334
Part IX · Statement of functional expenses $2,641,332 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,270,808$1,270,808
IX-5 Pay of current officers, directors and key staffPrograms $60,965 · Management $16,558 · Fundraising $52,477$130,000
IX-7 Other salaries and wagesPrograms $302,726 · Management $153,097 · Fundraising $185,239$641,062
IX-9 Other employee benefitsPrograms $13,345 · Management $6,220 · Fundraising $8,971$28,536
IX-10 Payroll taxesPrograms $30,823 · Management $14,366 · Fundraising $20,113$65,302
IX-11b Legal feesPrograms $21,530 · Management $10,202$31,732
IX-11c Accounting feesPrograms $5,190 · Management $59,885$65,075
IX-11g Other fees for servicesPrograms $82,453 · Management $3,330 · Fundraising $46,861$132,644
IX-12 Advertising and promotionPrograms $4,550 · Management $2,121 · Fundraising $8,076$14,747
IX-13 Office expensesPrograms $19,505 · Management $3,146 · Fundraising $44,399$67,050
IX-14 Information technologyPrograms $9,877 · Management $4,318 · Fundraising $5,932$20,127
IX-16 OccupancyPrograms $17,049 · Management $7,987 · Fundraising $16,958$41,994
IX-17 TravelPrograms $22,478 · Management $276 · Fundraising $14,006$36,760
IX-19 Conferences, conventions and meetingsPrograms $11,407 · Management $2,245 · Fundraising $12,512$26,164
IX-22 Depreciation, depletion and amortizationPrograms $8,953 · Management $4,173 · Fundraising $5,842$18,968
IX-23 InsurancePrograms $7,474 · Management $2,397 · Fundraising $3,584$13,455
IX-24 Other expenses (24a–d)Programs $10,826 · Management $1,871 · Fundraising $24,211$36,908
IX-25 Total functional expensesPrograms $1,899,959 · Management $292,192 · Fundraising $449,181$2,641,332
Part X · Balance sheet $1,183,514 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $87,258$554,713
X-3 Pledges and grants receivableStart of year $63,190$28,363
X-4 Accounts receivableStart of year $77,290$9,125
X-8 Inventories for sale or useStart of year $4,976$35,206
X-9 Prepaid expenses and deferred chargesStart of year $7,320$26,563
X-10c Land, buildings and equipment, netStart of year $32,060$22,499
X-11 Publicly traded securitiesStart of year $190,737$374,425
X-12 Other securitiesStart of year $85,676$0
X-15 Other assetsStart of year $133,837$132,620
X-16 Total assetsStart of year $682,344$1,183,514
X-17 Accounts payable and accrued expensesStart of year $118,053$86,419
X-18 Grants payable$113,519
X-19 Deferred revenueStart of year $15,767$45,167
X-25 Other liabilitiesStart of year $68,795$61,923
X-26 Total liabilitiesStart of year $203,918$308,805
X-27 Net assets without donor restrictionsStart of year $359,850$508,749
X-28 Net assets with donor restrictionsStart of year $118,576$365,960
X-32 Total net assets or fund balancesStart of year $478,426$874,709
X-33 Total liabilities and net assetsStart of year $682,344$1,183,514
Part XI · Reconciliation of net assets $874,709 net assets at year end
XI-1 Total revenue$3,011,334
XI-2 Total expenses$2,641,332
XI-3 Revenue less expenses$370,002
XI-4 Net assets at start of year$478,426
XI-5 Net unrealized gains (losses) on investments$26,281
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$874,709

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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