Civic Intelligence

The Morey Foundation

990PF • Fiscal year 2023 • EIN 38-2965346

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization Profile
7350 E River RdMount Pleasant, MI 48858

(989) 317-0198

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.05x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Net Margin

13th percentile

-38%

Higher net margin than 13% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$30,500

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • $25M-$50M nonprofits • Source year 2023

Asset Growth

20th percentile

-2.8%

Faster asset growth than 20% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

43%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$29,606,632

Down $848,108 (-2.8%) from 2022

Net Assets

Down

$29,506,620

Down $831,622 (-2.7%) from 2022

Liabilities

Down

$100,012

Down $16,486 (-14%) from 2022

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin13th percentile

Revenue

Up

$2,210,481

Up $659,410 (+43%) from 2022

Expenses

Up

$3,042,103

Up $1,030,794 (+51%) from 2022

Net Income

Down

-$831,622

Down $371,384 (-81%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $34,577,187Liabilities 2010: $432,515Net Assets 2010: $34,144,6722010Assets 2011: $32,790,252Liabilities 2011: $323,7622011Assets 2012: $31,741,587Liabilities 2012: $373,6572012Assets 2013: $30,799,977Liabilities 2013: $396,6972013Assets 2014: $30,654,832Liabilities 2014: $266,0132014Assets 2015: $30,014,152Liabilities 2015: $280,4342015Assets 2019: $29,715,843Liabilities 2019: $103,070Net Assets 2019: $29,612,7732019Assets 2020: $29,454,434Liabilities 2020: $68,453Net Assets 2020: $29,385,9812020Assets 2021: $30,866,889Liabilities 2021: $68,409Net Assets 2021: $30,798,4802021Assets 2022: $30,454,740Liabilities 2022: $116,498Net Assets 2022: $30,338,2422022Assets 2023: $29,606,632Liabilities 2023: $100,012Net Assets 2023: $29,506,6202023Assets 2024: $30,369,649Liabilities 2024: $114,026Net Assets 2024: $30,255,6232024

Highlighted filing

2023

Assets$29,606,632
Liabilities$100,012
Net Assets$29,506,620
Open 2023 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,304,4392010Revenue 2011: $472,241Expenses 2011: $2,112,333Net Income 2011: -$1,640,0922011Revenue 2012: $921,088Expenses 2012: $2,019,648Net Income 2012: -$1,098,5602012Revenue 2013: $1,492,338Expenses 2013: $2,456,988Net Income 2013: -$964,6502013Revenue 2014: $2,242,492Expenses 2014: $2,256,953Net Income 2014: -$14,4612014Revenue 2015: $1,245,096Expenses 2015: $2,017,697Net Income 2015: -$772,6012015Revenue 2019: $1,709,078Expenses 2019: $1,878,580Net Income 2019: -$169,5022019Revenue 2020: $1,161,481Expenses 2020: $1,388,273Net Income 2020: -$226,7922020Revenue 2021: $3,299,828Expenses 2021: $1,887,329Net Income 2021: $1,412,4992021Revenue 2022: $1,551,071Expenses 2022: $2,011,309Net Income 2022: -$460,2382022Revenue 2023: $2,210,481Expenses 2023: $3,042,103Net Income 2023: -$831,6222023Revenue 2024: $2,702,721Expenses 2024: $1,953,718Net Income 2024: $749,0032024

Highlighted filing

2023

Revenue$2,210,481
Expenses$3,042,103
Net Income-$831,622
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LON MOREYPresidentPT$30,500-$30,500
LARRY NOCHTreas/SecPT$18,500-$18,500
TERRA LYNN BOONEVP/Trustee-$2,000-$2,000
KRISTA MOREYVP/Trustee-$2,000-$2,000
GINA GENTILEVP/Trustee-$2,000-$2,000
LAURA KINGVP/Trustee-$2,000-$2,000
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantSEE ATTACHMENTVARIOUSPCMOUNT PLEASANT, MI, US$636,590
Filing and Contact Details

Filer

Filer Name
The Morey Foundation
EIN
38-2965346
Phone
9893170198
Address
7350 E RIVER RD, MOUNT PLEASANT, MI 48858

Signing Officer

Name
Lon Morey
Title
President
Phone
9893170198
Signed
2024-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
5300 GRATIOT RD, SAGINAW, MI 48638-6035
Preparer
Kevin B Hunt
Phone
9894975300
Raw XML AppendixShowing 400 of 2,108 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2471997-08-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2481997-08-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2491997-08-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2501997-08-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2511997-08-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2521997-08-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2531997-08-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2541997-07-24
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2551997-07-24
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2561997-07-24
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2571997-07-22
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2581997-07-21
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2591997-07-17
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2601997-07-10
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2611997-07-09
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2621996-11-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2631996-11-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2642023-01-30
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2652023-03-17
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2662023-04-18
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2672023-07-24
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2682023-04-18
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2692023-09-27
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2702023-04-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2712023-05-25
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2722023-08-23
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Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,606,632
Liabilities
$100,012
Net assets
$29,506,620
Revenue
$2,210,481
Expenses
$3,042,103
Net income
-$831,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.4$0.11$30.3$2.70$1.95$0.75
2023Detailed filing. Detailed filing data is available for this year.$29.6$0.10$29.5$2.21$3.04$0.83
2022Detailed filing. Detailed filing data is available for this year.$30.5$0.12$30.3$1.55$2.01$0.46
2021Detailed filing. Detailed filing data is available for this year.$30.9$0.07$30.8$3.30$1.89$1.41
2020Detailed filing. Detailed filing data is available for this year.$29.5$0.07$29.4$1.16$1.39$0.23
2019Detailed filing. Detailed filing data is available for this year.$29.7$0.10$29.6$1.71$1.88$0.17
2015Summary only. Only limited summary data is available for this year.$30.0$0.28$1.25$2.02$0.77
2014Summary only. Only limited summary data is available for this year.$30.7$0.27$2.24$2.26$0.01
2013Summary only. Only limited summary data is available for this year.$30.8$0.40$1.49$2.46$0.96
2012Summary only. Only limited summary data is available for this year.$31.7$0.37$0.92$2.02$1.10
2011Summary only. Only limited summary data is available for this year.$32.8$0.32$0.47$2.11$1.64
2010Detailed filing. Detailed filing data is available for this year.$34.6$0.43$34.1$2.30