Morning Star Development
- Assets
- $2.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Colorado Springs, CO
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 54-2086318
Organization Overview
Morning Star Development is located in Colorado Springs, CO. The organization was established in 2003. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Morning Star Development employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Star Development 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 12/2021, Morning Star Development generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATION COMMITTED TO HELPING THE PEOPLE OF AFGHANISTAN REBUILD THEIR COUNTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LEADERSHIP CLASSES AND BUSINESS SKILLS CLASSES IN DIFFERENT REGIONS OF AFGHANISTAN. PROVIDED DRUG ADDICTION RECOVERY PROGRAMS, MEDICAL AND DENTAL SERVICES, MEDICAL TRAINING, AND BIRTH LIFE SKILLS TRAINING TO MANY AFGHANS. PROVIDED RELIEF TO AFGHAN FAMILIES INSIDE AND OUTSIDE OF AFGHANISTAN AFTER THE U.S. GOVERNMENT WITHDREW FROM AFGHANISTAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lars Peterson President | OfficerTrustee | 50 | $79,061 |
Susan Faridi Treasurer | OfficerTrustee | 40 | $44,430 |
Daniel Batchelder President Emeritus | OfficerTrustee | 4 | $16,182 |
Drew Beckley Chairman Of The Board | Trustee | $0 | |
Walt Larimore Director | Trustee | 1 | $0 |
Gail Goolsby Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Craig Rosentrater Coaching Afghan Students | 12/30/21 | $40,000 |
Elizabeth Hince Cpa Accounting Services | 12/30/21 | $23,440 |
Alex Rice Consulting | 12/30/21 | $1,000 |
Daniel Batchelder Consulting | 12/30/21 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,399,647 |
| Noncash contributions included in lines 1a–1f | $135,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,420,676 |
| Total Program Service Revenue | $97,006 |
| Investment income | $178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,120 |
| Net Gain/Loss on Asset Sales | -$2,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,521,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,062 |
| Compensation of current officers, directors, key employees. | $11,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,668 |
| Pension plan accruals and contributions | $5,686 |
| Other employee benefits | $22,428 |
| Payroll taxes | $40,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,905 |
| Fees for services: Accounting | $23,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,995 |
| Advertising and promotion | $0 |
| Office expenses | $45,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,612 |
| Travel | $30,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,303 |
| Insurance | $4,485 |
| All other expenses | $65,414 |
| Total functional expenses | $1,489,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,440,520 |
| Savings and temporary cash investments | $491,091 |
| Pledges and grants receivable | $48,501 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,520 |
| Net Land, buildings, and equipment | $253,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,247,959 |
| Accounts payable and accrued expenses | $11,433 |
| Grants payable | $0 |
| Deferred revenue | $303,176 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $135,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $450,407 |
| Net assets without donor restrictions | $413,273 |
| Net assets with donor restrictions | $1,384,279 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,247,959 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Morning Star Development has recieved totaling $275,410.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $50,000 |
Raygar Foundation Lindale, TX PURPOSE: AFG PROJECTS | $40,000 |
The Harry J Lloyd Charitable Trust Overland Park, KS PURPOSE: GEN'L CHRISTIAN PURPOSES | $40,000 |
Austin Community Foundation Austin, TX PURPOSE: RELIEF AID FOR AFGHANS | $30,000 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA PURPOSE: EDUCATING AFGHAN WOMEN | $30,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $24,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Ministries Colorado Springs, CO | $4,747,799 | $19,748,922 |
Mercy Without Limits Inc Overland Park, KS | $12,804,274 | $19,965,180 |
Humanitarian Experience Inc Salt Lake City, UT | $1,258,081 | $14,822,616 |
Lifting Hands International Salt Lake City, UT | $502,685 | $8,241,355 |
Childrens Hopechest Inc Palmer Lake, CO | $1,198,325 | $5,781,383 |
Opportunity Education Foundation Aurora, CO | $3,852,642 | $9,119,900 |
Educate Denver, CO | $12,591,345 | $6,072,389 |
Free The Oppressed Colorado Springs, CO | $6,590,953 | $9,061,725 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Love In Action Colorado Springs, CO | $123,482,303 | $32,008,733 |
Hope 4 Kids International Phoenix, AZ | $1,831,552 | $4,256,777 |
World Hunger Ecumenical Arizona Task Force Inc Phoenix, AZ | $1,022,972 | $3,945,748 |