Civic Intelligence

The Morse Foundation

990 • Fiscal year 2018 • EIN 47-1592912

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

Organization ProfileWWW.MPCCPB.ORG
3000 Club RoadPebble Beach, CA 93953

(831) 333-2215

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$464,616

Up $73,801 (+19%) from 2017

Net Assets

Up

$464,616

Up $73,801 (+19%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Up

$180,921

Up $26,705 (+17%) from 2017

Expenses

Up

$107,120

Up $39,723 (+59%) from 2017

Net Income

Down

$73,801

Down $13,018 (-15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $239,757Liabilities 2015: $0Net Assets 2015: $239,7572015Assets 2016: $303,996Liabilities 2016: $0Net Assets 2016: $303,9962016Assets 2017: $390,815Liabilities 2017: $0Net Assets 2017: $390,8152017Assets 2018: $464,616Liabilities 2018: $0Net Assets 2018: $464,6162018Assets 2019: $603,002Liabilities 2019: $0Net Assets 2019: $603,0022019Assets 2020: $854,414Liabilities 2020: $0Net Assets 2020: $854,4142020Assets 2021: $1,229,146Liabilities 2021: $0Net Assets 2021: $1,229,1462021Assets 2022: $1,178,874Liabilities 2022: $0Net Assets 2022: $1,178,8742022Assets 2023: $1,462,071Liabilities 2023: $0Net Assets 2023: $1,462,0712023Assets 2024: $2,040,448Liabilities 2024: $0Net Assets 2024: $2,040,4482024Assets 2025: $3,221,756Liabilities 2025: $0Net Assets 2025: $3,221,7562025

Highlighted filing

2018

Assets$464,616
Liabilities$0
Net Assets$464,616
Open 2018 Filing

Operations Trend

Revenue Growth70th percentile

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

$1.5M$1.0M$500K$0Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $265,847Expenses 2015: $26,090Net Income 2015: $239,7572015Revenue 2016: $134,686Expenses 2016: $65,322Net Income 2016: $69,3642016Revenue 2017: $154,216Expenses 2017: $67,397Net Income 2017: $86,8192017Revenue 2018: $180,921Expenses 2018: $107,120Net Income 2018: $73,8012018Revenue 2019: $234,056Expenses 2019: $95,670Net Income 2019: $138,3862019Revenue 2020: $319,056Expenses 2020: $67,644Net Income 2020: $251,4122020Revenue 2021: $286,763Expenses 2021: $83,777Net Income 2021: $202,9862021Revenue 2022: $312,360Expenses 2022: $158,932Net Income 2022: $153,4282022Revenue 2023: $408,106Expenses 2023: $195,302Net Income 2023: $212,8042023Revenue 2024: $697,043Expenses 2024: $183,038Net Income 2024: $514,0052024Revenue 2025: $1,189,123Expenses 2025: $179,901Net Income 2025: $1,009,2222025

Highlighted filing

2018

Revenue$180,921
Expenses$107,120
Net Income$73,801
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$180,921
Mission and Program Overview

Mission

The organization's mission is to provide grants of economic assistance and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$372,735$449,581▲ $76,846
Cash and Non-Interest-Bearing Accounts$16,860$14,192▼ $2,668
Prepaid Expenses and Deferred Charges$1,220$843▼ $377
Total Assets$390,815$464,616▲ $73,801
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$390,815$464,616▲ $73,801
Total Net Assets Fund Balance$390,815$464,616▲ $73,801
Total Liabilities and Net Assets / Fund Balance$390,815$464,616▲ $73,801
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Nanci MarkeyPresident
Mary RuberryVice President
Catherine GlickDirector
Ken JensenDirector
Kile MorganDirector
Roger BarryDirector
Peter KrasaSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,070
Program Service Revenue
$0
Investment Income
$30,268
Other Revenue
$7,583
All Other Contributions
$143,070
Change in Net Assets
$73,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$97,500
Other Expenses$9,620
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$97,500--$97,500
Other Expenses-$7,234-$7,234
Fees for Services Accounting-$1,628-$1,628
Fees for Services Legal-$381-$381
Insurance-$377-$377
Total Functional Expenses$97,500$9,620$0$107,120
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the president and the secretary/treasurer before filing in it's entirety.”

Form 990, Part VI, Section B, Line 12C

“The policy is reviewed annually at the fall meeting. The board would review any potential or actual conflicts and determine if further action is necessary.”

Form 990, Part VI, Section C, Line 19

“The organizations governing documents, conflict of interest policy, and financial statements are made available upon inspection on the premises.”

Filing and Contact Details

Filer

Filer Name
The Morse Foundation
EIN
47-1592912
Phone
8313332215
Address
3000 CLUB ROAD, PEBBLE BEACH, CA 93953

Signing Officer

Name
Peter Krasa
Title
Treasurer
Phone
8313332215
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nanci Markey
Formed
2014
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Rsm US Llp
Address
1555 PALM BEACH LAKES BLVD SUITE, 700, WEST PALM BEACH, FL 33401
Preparer
Frank Lucas
Phone
5616971785
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“The organization's mission is to provide grants of economic assistance and support to monterey peninsula country club employees and their family members who may face significant financial burdens due to the costs of undergraduate college education, or from natural disasters, life-threatening illnesses or injuries, deaths, or other qualifying events beyond the employees control.”

Raw XML Appendix339 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION IS TO PROVIDE GRANTS OF ECONOMIC ASSISTANCE AND SUPPORT TO MONTEREY PENINSULA COUNTRY CLUB EMPLOYEES AND THEIR FAMILY MEMBERS WHO MAY FACE SIGNIFICANT FINANCIAL BURDENS DUE TO THE COSTS OF UNDERGRADUATE COLLEGE EDUCATION, OR FROM NATURAL DISASTERS, LIFE-THREATENING ILLNESSES OR INJURIES, DEATHS, OR OTHER QUALIFYING EVENTS BEYOND THE EMPLOYEES CONTROL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE SECRETARY/TREASURER BEFORE FILING IN IT'S ENTIRETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED ANNUALLY AT THE FALL MEETING. THE BOARD WOULD REVIEW ANY POTENTIAL OR ACTUAL CONFLICTS AND DETERMINE IF FURTHER ACTION IS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON INSPECTION ON THE PREMISES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180921
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0390815
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0464616
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0390815
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0464616
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03000 CLUB ROAD
IRS990/USAddress/CityNm0PEBBLE BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093953
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IRS990/VotingMembersIndependentCnt07
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER KRASA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08313332215
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MORSE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MORS
ReturnHeader/Filer/EIN0471592912
ReturnHeader/Filer/PhoneNum08313332215
ReturnHeader/Filer/USAddress/AddressLine1Txt03000 CLUB ROAD
ReturnHeader/Filer/USAddress/CityNm0PEBBLE BEACH
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ReturnHeader/Filer/USAddress/ZIPCd093953
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D6E568AFA2E5B1AEF8A3CDE126BC1E72B7E64E3B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D6E568AFA2E5B1AEF8A3CDE126BC1E72B7E64E3B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.171.131.171
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm008:04:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01555 PALM BEACH LAKES BLVD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST PALM BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033401
ReturnHeader/PreparerPersonGrp/PhoneNum05616971785
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK LUCAS
ReturnHeader/ReturnTs02018-11-13T08:08:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$464,616
Liabilities
$0
Net assets
$464,616
Revenue
$180,921
Expenses
$107,120
Net income
$73,801
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.00$3.22$1.19$0.18$1.01
2024Summary only. Only limited summary data is available for this year.$2.04$0.00$2.04$0.70$0.18$0.51
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.41$0.20$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.31$0.16$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.29$0.08$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.85$0.32$0.07$0.25
2019Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.23$0.10$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.18$0.11$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.15$0.07$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.13$0.07$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.27$0.03$0.24
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00