Morning Star Foundation
- Assets
- $9.0m
- Revenue
- $2.6m
- Investments
- $200.0k
- Employees
- 0
- Location
- Woodland, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 80-0873706
Organization Overview
Morning Star Foundation is located in Woodland, CA. The organization was established in 2014. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Star Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Morning Star Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 73.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DID NOT PROVIDE TUITION PAYMENTS FOR ANY STUDENTS FOR THE YEAR ENDED DECEMBER 31, 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Rufer President | 5 | $0 | |
Todd Rufer Treasurer | 3 | $0 | |
Karrie Rufer Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,493,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,113,486 |
| Total Revenue | $2,607,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $614,801 |
| Pension plans, employee benefits | $17,787 |
| Interest | $43,062 |
| Taxes | $158,993 |
| Depreciation | $120,333 |
| Occupancy | $84,352 |
| Travel, conferences, and meetings | $7,114 |
| Printing and publications | $15,942 |
| Other expenses | $351,307 |
| Total operating and administrative expenses | $1,446,432 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $1,646,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,945 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $510,127 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $200,000 |
| Net Land, buildings, and equipment | $8,283,507 |
| Other assets | $0 |
| Total assets | $9,036,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $4,053,017 |
| Other liabilities | $0 |
| Total liabilities | $4,053,017 |
Grants Awarded
Over the last fiscal year, Morning Star Foundation has awarded $350,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON ACADEMY FOUNDATION PURPOSE: RESEARCH AND DEVELOPMENT OF SCHOOLING CONCEPTS | $50,000 |
TALENT UNBOUND PURPOSE: RESEARCH AND DEVELOPMENT OF SCHOOLING CONCEPTS | $300,000 |