Mark Morton Memorial Fund

Chicago, IL
Tax-exempt since Oct. 1972
EIN: 23-7181380

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.58M (2024)

Expenses

$965k (2024)

Total Assets

$13.5M (2024)

Total Liabilities

$69.4k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,583,869

Expenses

$965,039

Net Income

$618,830

Net Assets

$13,429,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$473,549	29.9%
Sales of Assets	$1,110,320	70.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$880,368	91.2%
Compensation of Officers*	$66,000	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,498,924
Total Liabilities	$69,369
Net Assets	$13,429,555

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2023

Revenue

$1,273,354

Expenses

$806,251

Net Income

$467,103

Net Assets

$12,810,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$422,823	33.2%
Sales of Assets	$850,531	66.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$723,890	89.8%
Compensation of Officers*	$66,000	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,881,231
Total Liabilities	$70,506
Net Assets	$12,810,725

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Oct. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

-$107,069

Expenses

$1,136,905

Net Income

-$1,243,974

Net Assets

$12,343,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$326,772
Sales of Assets	-$463,063
Other Income	$29,222

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,090,293	95.9%
Compensation of Officers*	$66,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,404,799
Total Liabilities	$61,177
Net Assets	$12,343,622

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,353,034

Expenses

$1,049,536

Net Income

$303,498

Net Assets

$13,587,596

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$409,667	30.3%
Sales of Assets	$943,367	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$982,462	93.6%
Compensation of Officers*	$66,000	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,672,750
Total Liabilities	$85,154
Net Assets	$13,587,596

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$782,110

Expenses

$1,098,951

Net Income

-$316,841

Net Assets

$13,284,098

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$286,239	36.6%
Sales of Assets	$495,871	63.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,044,341	95.0%
Compensation of Officers*	$66,000	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,388,084
Total Liabilities	$103,986
Net Assets	$13,284,098

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$501,902

Expenses

$851,693

Net Income

-$349,791

Net Assets

$13,600,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$370,525	73.8%
Sales of Assets	$131,377	26.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$766,703	90.0%
Compensation of Officers*	$66,000	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,689,545
Total Liabilities	$88,606
Net Assets	$13,600,939

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$770,280

Expenses

$972,456

Net Income

-$202,176

Net Assets

$13,950,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$438,725	57.0%
Sales of Assets	$319,572	41.5%
Other Income	$11,983	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$909,011	93.5%
Compensation of Officers*	$72,000	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,009,546
Total Liabilities	$58,816
Net Assets	$13,950,730

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0
Arthur J Mcgivern (Dir/Vice Pres)	$6,000	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$773,242

Expenses

$841,985

Net Income

-$68,743

Net Assets

$14,152,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$390,263	50.5%
Sales of Assets	$382,979	49.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$719,256	85.4%
Compensation of Officers*	$78,000	9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,234,342
Total Liabilities	$81,436
Net Assets	$14,152,906

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Arthur J Mcgivern (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$529,764

Expenses

$877,670

Net Income

-$347,906

Net Assets

$14,221,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$348,367	65.8%
Sales of Assets	$181,397	34.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$791,695	90.2%
Compensation of Officers*	$78,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,288,334
Total Liabilities	$66,685
Net Assets	$14,221,649

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Arthur J Mcgivern (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Mary Kate Daly (Dir/Vice Pres)	$12,000	$0

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990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$624,039

Expenses

$1,287,794

Net Income

-$663,755

Net Assets

$14,569,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$352,309	56.5%
Sales of Assets	$271,730	43.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,204,785	93.6%
Compensation of Officers*	$66,000	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,636,322
Total Liabilities	$66,767
Net Assets	$14,569,555

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$567,094

Expenses

$1,249,157

Net Income

-$682,063

Net Assets

$15,233,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$368,450	65.0%
Sales of Assets	$198,644	35.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,131,300	90.6%
Compensation of Officers*	$75,000	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,283,550
Total Liabilities	$50,240
Net Assets	$15,233,310

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Arthur J Mcgivern (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Davis H Roenisch (Dir/Vice Pres)	$9,000	$0

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990-PF

Filed on Nov. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$594,224

Expenses

$1,436,164

Net Income

-$841,940

Net Assets

$15,915,373

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$358,260	60.3%
Sales of Assets	$235,964	39.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,296,340	90.3%
Compensation of Officers*	$81,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,974,377
Total Liabilities	$59,004
Net Assets	$15,915,373

Compensation

Key Employees and Officers	Compensation	Other
Sarah K Severson (President)	$30,000	$0
Arthur J Mcgivern (Dir/Vice Pres)	$12,000	$0
Davis H Roenisch (Dir/Vice Pres)	$12,000	$0
John Venhuizen (Dir/Vice Pres)	$12,000	$0
Molly Galo (Dir/Vice Pres)	$12,000	$0
Leonard E Zak (Dir/Vice Pres)	$3,000	$0

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990-PF

Filed on Nov. 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$270,282

Expenses

$1,334,424

Net Income

-$1,064,142

Net Assets

$16,757,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$414,215	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,214,738	91.0%
Compensation of Officers*	$90,000	6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,796,441
Total Liabilities	$39,128
Net Assets	$16,757,313

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,266,596

Expenses

$1,692,186

Net Income

$2,574,410

Net Assets

$17,821,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$521,561	12.2%
Sales of Assets	$3,745,035	87.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,475,871	87.2%
Compensation of Officers*	$138,347	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,921,761
Total Liabilities	$100,306
Net Assets	$17,821,455

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated January 26, 2026

Mark Morton Memorial Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.58M (2024)

Expenses $965k (2024)

Total Assets $13.5M (2024)

Total Liabilities $69.4k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Revenue

$1.58M (2024)

Expenses

$965k (2024)

Total Assets

$13.5M (2024)

Total Liabilities

$69.4k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001