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Morton College Foundation

Tax-deductible

Cicero, IL501(c)(3)EIN 36-3028757Revenue $55K in FY2022

On file with the IRSmortoncollegefoundation.org5929 W 35th St, 60804-4165 · Cicero, ILTax-exempt since Aug 1979College/university support org — 170(b)(1)(A)(iv)

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Provide financial support to Morton College and to individuals in the community

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $57K a year · 84% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 49.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
-41% vs prior year
Spent
$107K
To programs
93%
Net assets
$446K
By yearFY2020–FY2022
Revenue
$55K
FY2022▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$93K
FY2022$55K
Expenses
$107K
FY2022▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$8K
FY2021$257K
FY2022$107K
Net assets
$446K
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$661K
FY2021$497K
FY2022$446K

From the FY2022 Form 990 (year ending June 2022) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 1979.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $100K Management & general 7% · $7K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Richard Vavra
President
$0Pt VII · Sec A
Timothy Visk
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Frank Vomacka
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Sam Savapoulos
Advisory Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Morton College 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 15aNo

Programs and updates

Offers financial aid to Morton College and community members.

Questions for Morton College Foundation

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Provided by the organization

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1 program · $100K · in their own filed words · FY2021
01

To provide financial support to morton college students and to individuals in the community, who wish to reach their fullest potential through a quality education at a reasonable price.

$100Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $314K · 2020–2021
Unitemized GrantFY2021$93,614
Unitemized GrantFY2020$219,911

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$55K
Investment incomeLn 3$863
Money outPt IX
$107K
Ln 25
Programscol B$100K
Managementcol C$7K
Owns and owesPt X
$446K
net assets · Ln 32
Cash and savingsLn 1–2$446K
Total assetsLn 16$446K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Investment incomeLn 3$863
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$224K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$446K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$446K
LiabilitiesLn 26$0
Net assetsLn 32$446K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$497K$446K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$497K$446K
LiabilitiesLn 26$0$0
Net assetsLn 32$497K$446K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$94K$94K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$2K$2K
Information technologyLn 14$93$93
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$107K$100K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $55K$107K−$52K$446K 990 PDF
FY2021 $93K$257K−$163K$497K 990 PDF
FY2020 $53K$8K$45K$661K 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 FY2022 990 (6 parts)
Part I · Summary $55,446 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,560$54,583
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,852$863
I-11 Other revenuePrior year $32$0
I-12 Total revenuePrior year $93,444$55,446
I-13 Grants and similar amounts paidPrior year $219,911$93,614
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,911$13,486
I-18 Total expensesPrior year $256,822$107,100
I-19 Revenue less expensesPrior year −$163,378−$51,654
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $55,446 across 4 lines filed
VIII-1f All other contributions, gifts and grants$54,583
VIII-1h Total contributions, gifts and grants$54,583
VIII-3 Investment incomeExcluded from tax $863$863
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $863$55,446
Part IX · Statement of functional expenses $107,100 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $93,614$93,614
IX-11c Accounting feesManagement $5,350$5,350
IX-11g Other fees for servicesManagement $2,083$2,083
IX-14 Information technologyPrograms $93$93
IX-24 Other expenses (24a–d)Programs $5,960$5,960
IX-25 Total functional expensesPrograms $99,667 · Management $7,433 · Fundraising $0$107,100
Part X · Balance sheet $445,692 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $274,055$223,536
X-2 Savings and temporary cash investmentsStart of year $223,291$222,156
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $497,346$445,692
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $32,878$14,906
X-28 Net assets with donor restrictionsStart of year $464,468$430,786
X-32 Total net assets or fund balancesStart of year $497,346$445,692
X-33 Total liabilities and net assetsStart of year $497,346$445,692
Part XI · Reconciliation of net assets $445,692 net assets at year end
XI-1 Total revenue$55,446
XI-2 Total expenses$107,100
XI-3 Revenue less expenses−$51,654
XI-4 Net assets at start of year$497,346
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$445,692

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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