Civic Intelligence

The Morse Foundation

990 • Fiscal year 2022 • EIN 47-1592912

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 13, 2022

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.1%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

8.9%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,178,874

Down $50,272 (-4.1%) from 2021

Net Assets

Down

$1,178,874

Down $50,272 (-4.1%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$312,360

Up $25,597 (+8.9%) from 2021

Expenses

Up

$158,932

Up $75,155 (+90%) from 2021

Net Income

Down

$153,428

Down $49,558 (-24%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$1,178,874
Liabilities$0
Net Assets$1,178,874

Operations Trend

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

2022

Revenue$312,360
Expenses$158,932
Net Income$153,428
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 13, 2022
Return Version
2021v4.2
Gross Receipts
$312,360
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$1,206,960$1,151,849▼ $55,111
Cash and Non-Interest-Bearing Accounts$21,175$26,313▲ $5,138
Prepaid Expenses and Deferred Charges$1,011$712▼ $299
Total Assets$1,229,146$1,178,874▼ $50,272
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,229,146$1,178,874▼ $50,272
Total Net Assets Fund Balance$1,229,146$1,178,874▼ $50,272
Total Liabilities and Net Assets / Fund Balance$1,229,146$1,178,874▼ $50,272
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris BaumgartPresident
Hector TopeteVice President
Gerald ReedDirector
Marion BottomleyDirector
Mary BrislinDirector
Melissa JohnsonDirector
Tom MacmichaelDirector
Joan HooverSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,400
Program Service Revenue
$0
Investment Income
$40,960
Other Revenue
$0
All Other Contributions
$271,400
Change in Net Assets
$153,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$123,515
Other Expenses$35,417
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$123,515--$123,515
Fees for Services Other-$14,769-$14,769
Fees for Services Legal-$13,342-$13,342
Fees for Services Accounting-$4,508-$4,508
Insurance-$1,723-$1,723
Fees for Service Investment Mgmnt Fees-$1,075-$1,075
Total Functional Expenses$123,515$35,417$0$158,932
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 its 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 ROAD, PEBBLE BEACH, CA 93953

Signing Officer

Name
Joan Hoover
Title
Secretary / Treasurer
Phone
8313332215
Signed
2022-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Baumgart
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 college and vocational education.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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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 2021 AND 2020. 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.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143070
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01091955
IRS990ScheduleA/TotalSupportAmt01319948
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/CashGrantAmt0123515
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
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 COLLEGE AND VOCATIONAL EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE SECRETARY/TREASURER BEFORE FILING IN ITS 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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01229146
IRS990/TotalAssetsEOYAmt01178874
IRS990/TotalAssetsGrp/BOYAmt01229146
IRS990/TotalAssetsGrp/EOYAmt01178874
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0271400
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123515
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158932
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01229146
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01178874
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0123515
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt040960
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312360
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01229146
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01178874
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03000 CLUB ROAD
IRS990/USAddress/CityNm0PEBBLE BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093953
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MPCCPB.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN HOOVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY / TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08313332215
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-13
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093953
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/PreparationDt02022-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIANA KREUL
ReturnHeader/ReturnTs02022-10-24T08:32:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOOVER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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Filings

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
2022Detailed filing. Detailed filing data is available for this year.$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
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