Morgan Lewis Foundation EIN 47-1813365 Form 990 (PDF) Claim this org

Morgan Lewis Foundation

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Morgan Lewis Foundation is an education nonprofit based in Philadelphia, PA, formed in 2014. For fiscal year 2024 it reported $268K in revenue, $483K in expenses, and $3.9M in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Education
Location
Philadelphia, PA
Filings
5 on file (2020–2024)
Revenue
$268KFY2024
Expenses
$483K
Net assets
$3.9M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1813365 Public charity (501(c)(3)) Philadelphia, PA Founded 2014
Form 990 (PDF)
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
an education nonprofit
Leadership
Amanda D Smith · President
Money in and out
$268K revenue, $483K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$216K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
96.7mo
months of highly liquid reserves at operating expense rate▲ +219% vs prior filing year
Surplus margin
-80%
revenue over expenses, this year▼ -1058% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$268K
FY2024▼ -84%
Expenses
$483K
FY2024▼ -68%
Total assets
$3.9M
FY2024▲ +2%
Total liabilities
$0
FY2024
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$216K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMorgan Lewis Foundation
EINHdr · item D47-1813365
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2014
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Asst. Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Morgan Lewis Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $475K of program spending, described in the organization's own filed words · FY2024.
01

The morgan lewis foundation operates the morgan lewis foundation scholarship program. The purpose of the scholarship program is to expand access to the legal profession, thereby strengthening it and improving its contributions to the community, by making grants to provide tuition assistance based on law students' academic achievements…

$475Kprogram expense

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Statement of Revenue

Part VIII
Investment income$154K · 57%
Contributions & grants$114K · 43%
Investment income57%$154K
Contributions & grants43%$114K
Total revenueLn 12$268K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$475K
Management & general2%$8K
Total functional expensesLn 25$483K

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.9M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.9M · Operating expenses/yr $483K
96.7 months
Where the money goes
Program services
Program services $475K · Total expenses $483K
98%
Management & General
Management & general $8K · Total expenses $483K
2%
Fundraising
Fundraising $0 · Total expenses $483K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $557K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $114K · Total revenue $268K
43%
Government reliance
Government grants — · Total revenue $268K
Earned-income share
Program service revenue $0 · Total revenue $268K
0%
Investment reliance
Investment income $154K · Total revenue $268K
+57%
Program self-sufficiency
Program service revenue $0 · Total expenses $483K
0%
Growth & trend
Revenue growth (YoY)
This year $268K · Prior year $1.6M
-84%
Revenue CAGR
FY2019 $1.4M · FY2024 $268K
-28%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $268K · Expenses $483K
-80%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
97%
People & payroll
Highest Reported Total Compensation
Individual Amanda D Smith · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $483K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $483K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth -84%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 21 grants · $4.6M · 2019–2024
Unitemized GrantFY2024$475,000
Unitemized GrantFY2023$500,000
Friends of United Hatzalah INCNY · FY2023$300,000
Seeds of Peace INCDC · FY2023$100,000
Unitemized GrantFY2022$460,000
Bailey House INCNY · FY2022$6,010
Thurgood Marshall AcademyDC · FY2022$5,876
Unitemized GrantFY2021$340,000
Achieve NowPA · FY2021$10,612
Thurgood Marshall AcademyDC · FY2021$5,718
Read Ahead INCNY · FY2021$5,273
Unitemized GrantFY2020$300,635
United Negro College Fund INCDC · FY2020$296,018
See all 21 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$358K revenue · ⤓ 990 PDF
FY2022$441K revenue · ⤓ 990 PDF
FY2021$549K revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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