Civic Intelligence

The Morse Foundation

990 • Fiscal year 2021 • EIN 47-1592912

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 19, 2021

Organization ProfileWWW.MPCCPB.ORG
3000 Club RdPebble Beach, CA 93953-2542

(831) 333-2215

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

93rd percentile

71%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

84th percentile

44%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,229,146

Up $374,732 (+44%) from 2020

Net Assets

Up

$1,229,146

Up $374,732 (+44%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin93rd percentile

Revenue

Down

$286,763

Down $32,293 (-10%) from 2020

Expenses

Up

$83,777

Up $16,133 (+24%) from 2020

Net Income

Down

$202,986

Down $48,426 (-19%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2021

Assets$1,229,146
Liabilities$0
Net Assets$1,229,146
Open 2021 Filing

Operations Trend

Revenue Growth20th 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

2021

Revenue$286,763
Expenses$83,777
Net Income$202,986
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 19, 2021
Return Version
2020v4.1
Gross Receipts
$286,763
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$848,759$1,206,960▲ $358,201
Cash and Non-Interest-Bearing Accounts$3,599$21,175▲ $17,576
Prepaid Expenses and Deferred Charges$2,056$1,011▼ $1,045
Total Assets$854,414$1,229,146▲ $374,732
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$854,414$1,229,146▲ $374,732
Total Net Assets Fund Balance$854,414$1,229,146▲ $374,732
Total Liabilities and Net Assets / Fund Balance$854,414$1,229,146▲ $374,732
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Catherine GlickPresident
Hector TopeteVice President
Joan HooverDirector
Marion BottomleyDirector
Mary RuberryDirector
Melissa JohnsonDirector
Russell PlanitzerDirector
Chris BaumgartSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$250,100
Program Service Revenue
$0
Investment Income
$36,038
Other Revenue
$625
All Other Contributions
$250,100
Change in Net Assets
$202,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,260
Other Expenses$13,517
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$70,260--$70,260
Fees for Services Other-$9,443-$9,443
Fees for Services Accounting-$1,733-$1,733
Insurance-$1,045-$1,045
Fees for Service Investment Mgmnt Fees-$680-$680
Fees for Services Legal-$616-$616
Total Functional Expenses$70,260$13,517$0$83,777
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 35% controlled entity
No
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 governing documents of the organization are available for the public to review at the corporate offices of the organization for the same period of disclosure as set forth in irc section 6104(d).”

Filing and Contact Details

Filer

Filer Name
The Morse Foundation
EIN
47-1592912
Phone
8313332215
Address
3000 CLUB RD, PEBBLE BEACH, CA 93953-2542

Signing Officer

Name
Chris Baumgart
Title
Secretary/treasurer
Phone
8313332215
Signed
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Glick
Formed
2014
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Rsm US Llp
Address
7351 OFFICE PARK PLACE, MELBOURNE, FL 32940-8229
Preparer
Juliana Kreul
Phone
3217516200
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“The morse foundation has been established to provide scholarships for monterey peninsula country club employees and their family members to promote learning and enhance their quality of life through personal and professional growth as they may face significant financial burdens due to the cost of undergraduate college education.”

Form 990, Part IX, Line 11G

“Admin foundation support services: program service expenses 0. Management and general expenses 9,443. Fundraising expenses 0. Total expenses 9,443.”

Raw XML Appendix364 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE GRANTS OF ECONOMIC ASSISTANCE AND SUPPORT.
IRS990/AllOtherContributionsAmt0250100
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRAD SPENCER
IRS990/BooksInCareOfDetail/PhoneNum08313332215
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03000 CLUB RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PEBBLE BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0939532542
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03599
IRS990/CashNonInterestBearingGrp/EOYAmt021175
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0250100
IRS990/CYGrantsAndSimilarPaidAmt070260
IRS990/CYInvestmentIncomeAmt036038
IRS990/CYOtherExpensesAmt013517
IRS990/CYOtherRevenueAmt0625
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0202986
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt083777
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0286763
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE MORSE FOUNDATION PROVIDES SCHOLARSHIPS TO MONTEREY PENINSULA COUNTRY CLUB COMMUNITY, INCLUDING THEIR EMPLOYEES AND FAMILY MEMBERS TO PROMOTE LEARNING AND ENHANCE THE QUALITY OF LIFE. THE FOUNDATION SELECTED 16 STUDENTS TO RECEIVE SCHOLARSHIPS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt070260
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01733
IRS990/FeesForServicesAccountingGrp/TotalAmt01733
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0616
IRS990/FeesForServicesLegalGrp/TotalAmt0616
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09443
IRS990/FeesForServicesOtherGrp/TotalAmt09443
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0680
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0680
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0CATHERINE GLICK
IRS990/Form990PartVIISectionAGrp/PersonNm1HECTOR TOPETE
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS BAUMGART
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY RUBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm4MELISSA JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5RUSSELL PLANITZER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARION BOTTOMLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JOAN HOOVER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt070260
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt070260
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt070260
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0286763
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01045
IRS990/InsuranceGrp/TotalAmt01045
IRS990/InvestmentIncomeGrp/ExclusionAmt036038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt036038
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0854414
IRS990/NetAssetsOrFundBalancesEOYAmt01229146
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0171746
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0854414
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01229146
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PY RETURNED GRANT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0625
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0625
IRS990/OtherRevenueTotalAmt0625
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02056
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01011
IRS990/PrincipalOfficerNm0CATHERINE GLICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0238500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt053750
IRS990/PYInvestmentIncomeAmt075556
IRS990/PYOtherExpensesAmt013894
IRS990/PYOtherRevenueAmt05000
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0251412
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt067644
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0319056
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0202986
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0625
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0848759
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01206960
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISC INCOME - 2020 AMOUNT: $ 625.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION MEETS THE FACTS-AND-CIRCUMSTANCES TEST IN REGULATIONS SECTION 1.170A-9(F)(3). THE ORGANIZATION DEMONSTRATED A GREATER THAN 10 PERCENT PUBLIC SUPPORT CALCULATION ON SCHEDULE A, PT. II FOR TAX YEARS 2020 AND 2019. THE ORGANIZATION RECEIVES SUPPORT FROM THE GENERAL PUBLIC AND THE MONTEREY PENINSULA FOUNDATION, AN ORGANIZATION EXEMPT UNDER 509(A)(2). THE GOVERNING BODY PROVIDES SCHOLARSHIPS TO MPCC EMPLOYEES AND THEIR FAMILY MEMBERS TO PROMOTE LEARNING AND ENHANCE THEIR QUALITY OF LIFE THROUGH PERSONAL AND PROFESSIONAL GROWTH AS THEY MAY FACE SIGNIFICANT FINANCIAL BURDEN DUE TO THE COST OF UNDERGRADUATE COLLEGE EDUCATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2MORSE FOUNDATION FUNDRAISING PLAN 1. PURPOSE OF THE PLAN: TO BUILD TOWARDS AN ENDOWMENT THAT WILL ENABLE THE MORSE FOUNDATION TO RELIABLY PROVIDE SCHOLARSHIPS TO MPCC EMPLOYEES AND THEIR CHILDREN CONSISTENT WITH THE MISSION. 2. GOALS AND OBJECTIVES: A. TO INCREASE THE CURRENT FUND AMOUNT OF $1.2 MILLION TO $3.5 MILLION WITHIN THE NEXT 10 YEARS. B. TO HAVE THE CAPACITY TO FUND SCHOLARSHIP NEEDS OF AN INCREASED APPLICANT BASE AND TO ADDRESS THEIR GREATER FINANCIAL NEEDS 3. ASSUMPTIONS: A. THE CURRENT MONTEREY PENINSULA FOUNDATION FUNDING IS NOT ASSURED INDEFINITELY. B. MPCC MEMBERS WILL DEMONSTRATE STRONGER SUPPORT FOR MPCC EMPLOYEES AND THEIR FAMILIES IF THERE IS INCREASED COMMUNICATION AND OUTREACH EXPLAINING THE GOOD WORK OF THE MORSE FOUNDATION. C. THE PLAN WILL BE CLEARLY DIFFERENTIATED FROM THE YEAR END MPCC EMPLOYEE APPRECIATION FUND. 4. DONOR BASE: AT&T PRO AM/MONTEREY PENINSULA FOUNDATION FUNDS (INTERIM) AND DONATIONS FROM MPCC MEMBERS. 5. FUNDRAISING VEHICLES: MPCC WEBSITE; MPCC NEWSLETTERS, IN-PERSON DONOR BRIEFINGS/MEETINGS; ETC. 6. FUNDRAISING TACTICS: INDIVIDUAL MPCC MEMBER/DONOR FUNDRAISING; DIRECT MARKETING EVENTS AT MPCC; ONLINE FUNDRAISING (MPCC WEBSITE); PLANNED GIVING AND ESTATE GIFTING CAMPAIGNS; ETC. 7. TIMELINES: 2021 NOVEMBER MORSE BOARD MEETING TO REVIEW REPORT ON PROJECTED APPLICANT POOL OVER NEXT 5 YEARS AND RANGE OF SCHOLARSHIP NEEDS. 2022 JANUARY MORSE BOARD MEETING TO FINALIZE STRATEGIC PLAN OF COMMUNICATION TO MPCC MEMBERSHIP. 2022 Q2 ACTIVELY LAUNCH PLAN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II LINE 17A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART II LINE 17A - FUNDRAISING PLAN
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0238500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0143070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0116250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0936805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt075556
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt030268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt037966
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0224374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0625
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0625
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.12050
IRS990ScheduleA/PublicSupportPY170Pct00.13180
IRS990ScheduleA/PublicSupportTotal170Amt0140041
IRS990ScheduleA/SubstantialContributorsTotAmt0796764
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0238500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0188885
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0116250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0936805
IRS990ScheduleA/TotalSupportAmt01161804
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070260
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MORSE FOUNDATION HAS BEEN ESTABLISHED TO PROVIDE SCHOLARSHIPS FOR MONTEREY PENINSULA COUNTRY CLUB EMPLOYEES AND THEIR FAMILY MEMBERS TO PROMOTE LEARNING AND ENHANCE THEIR QUALITY OF LIFE THROUGH PERSONAL AND PROFESSIONAL GROWTH AS THEY MAY FACE SIGNIFICANT FINANCIAL BURDENS DUE TO THE COST OF UNDERGRADUATE COLLEGE EDUCATION.
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 GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR THE PUBLIC TO REVIEW AT THE CORPORATE OFFICES OF THE ORGANIZATION FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMIN FOUNDATION SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,443. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,443.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0854414
IRS990/TotalAssetsEOYAmt01229146
IRS990/TotalAssetsGrp/BOYAmt0854414
IRS990/TotalAssetsGrp/EOYAmt01229146
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0250100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013517
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070260
IRS990/TotalFunctionalExpensesGrp/TotalAmt083777
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0854414
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01229146
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070260
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt036038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0625
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286763
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0854414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01229146
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03000 CLUB RD
IRS990/USAddress/CityNm0PEBBLE BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0939532542
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MPCCPB.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS BAUMGART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08313332215
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MORSE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MORS
ReturnHeader/Filer/EIN0471592912
ReturnHeader/Filer/PhoneNum08313332215
ReturnHeader/Filer/USAddress/AddressLine1Txt03000 CLUB RD
ReturnHeader/Filer/USAddress/CityNm0PEBBLE BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0939532542
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07351 OFFICE PARK PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0329408229
ReturnHeader/PreparerPersonGrp/PhoneNum03217516200
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIANA KREUL
ReturnHeader/ReturnTs02021-11-03T08:23:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAUMGART
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,229,146
Liabilities
$0
Net assets
$1,229,146
Revenue
$286,763
Expenses
$83,777
Net income
$202,986
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
2021Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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