Liabilities / Assets
17th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
17th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
17th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Assets
Up$1,462,071
Up $283,197 (+24%) from 2022
Net Assets
Up$1,462,071
Up $283,197 (+24%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue
Up$408,106
Up $95,746 (+31%) from 2022
Expenses
Up$195,302
Up $36,370 (+23%) from 2022
Net Income
Up$212,804
Up $59,376 (+39%) from 2022
The organization's mission is to provide grants of economic assistance and support.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,151,849 | $1,434,985 | ▲ $283,136 |
| Cash and Non-Interest-Bearing Accounts | $26,313 | $26,624 | ▲ $311 |
| Prepaid Expenses and Deferred Charges | $712 | $462 | ▼ $250 |
| Total Assets | $1,178,874 | $1,462,071 | ▲ $283,197 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,178,874 | $1,462,071 | ▲ $283,197 |
| Total Net Assets Fund Balance | $1,178,874 | $1,462,071 | ▲ $283,197 |
| Total Liabilities and Net Assets / Fund Balance | $1,178,874 | $1,462,071 | ▲ $283,197 |
| Name | Title |
|---|---|
| Chris Baumgart | President |
| Hector Topete | Vice President |
| Bob Axley | Director |
| Gerald Reed | Director |
| Marion Bottomley | Director |
| Mary Brislin | Director |
| Melissa Johnson | Director |
| Tom Macmichael | Director |
| Joan Hoover | Secretary / Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $166,091 |
| Other Expenses | $29,211 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $166,091 | - | - | $166,091 |
| Fees for Services Other | - | $12,136 | - | $12,136 |
| Fees for Services Legal | - | $11,285 | - | $11,285 |
| Fees for Services Accounting | - | $2,835 | - | $2,835 |
| Insurance | - | $1,673 | - | $1,673 |
| Fees for Service Investment Mgmnt Fees | - | $1,282 | - | $1,282 |
| Total Functional Expenses | $166,091 | $29,211 | $0 | $195,302 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is reviewed by the president and the secretary/treasurer before filing in its entirety.”
“The policy is reviewed and approved at the january meeting. The board would review any potential or actual conflicts and determine if further action is necessary.”
“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).”
“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.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION'S MISSION IS TO PROVIDE GRANTS OF ECONOMIC ASSISTANCE AND SUPPORT. |
| IRS990/AllOtherContributionsAmt | 0 | 352685 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BRAD SPENCER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8313332215 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3000 CLUB ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | PEBBLE BEACH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 93953 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 26313 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 26624 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 352685 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 166091 |
| IRS990/CYInvestmentIncomeAmt | 0 | 45421 |
| IRS990/CYOtherExpensesAmt | 0 | 29211 |
| IRS990/CYOtherRevenueAmt | 0 | 10000 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 212804 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 195302 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 408106 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE 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 APPROVED 26 APPLICANTS TO RECEIVE SCHOLARSHIPS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 166091 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 2835 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2835 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 11285 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11285 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 12136 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 12136 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 1282 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 1282 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CHRIS BAUMGART |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | HECTOR TOPETE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JOAN HOOVER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MELISSA JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARION BOTTOMLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | GERALD REED |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MARY BRISLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | TOM MACMICHAEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | BOB AXLEY |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY / TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2014 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantAmt | 0 | 166091 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 166091 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 166091 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 408106 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1673 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1673 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 45421 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 45421 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SEE SCHEDULE O. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1178874 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1462071 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 70393 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1178874 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1462071 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | PY REFUNDED GRANT |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 10000 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 10000 |
| IRS990/OtherRevenueTotalAmt | 0 | 10000 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 712 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 462 |
| IRS990/PrincipalOfficerNm | 0 | CHRIS BAUMGART |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 271400 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 123515 |
| IRS990/PYInvestmentIncomeAmt | 0 | 40960 |
| IRS990/PYOtherExpensesAmt | 0 | 35417 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 153428 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 158932 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 312360 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 212804 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1151849 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1434985 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISC INCOME - 2020 AMOUNT: $ 625. 2022 AMOUNT: $ 10,000. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE 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 2022 AND 2021. 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/ExplanationTxt | 2 | MORSE 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 $4 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 EXPECTED TO CEASE IN 2024. 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. MEMBERS STARTED CONTRIBUTING DIRECT DONATIONS TO THE MORSE FOUNDATION STARTING IN 2023. DIRECT DONATIONS FORECASTED TO END CALENDAR YEAR 2023 AT $170,000. 8. PUBLIC SUPPORT MINIMUM PERCENTAGE IS EXPECTED TO BE ACHIEVED BY 6/30/25. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART II LINE 17A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | PART II, LINE 17A - FUNDRAISING PLAN |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 352685 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 271400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 250100 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 238500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 188885 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1301570 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 45421 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 40960 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 36038 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 75556 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 44546 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 242521 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 10000 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 625 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 10625 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.15930 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.12750 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 247664 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 1053906 |
| IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 352685 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 271400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 250100 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 238500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 188885 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1301570 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1554716 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE SECRETARY/TREASURER BEFORE FILING IN ITS ENTIRETY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE POLICY IS REVIEWED AND APPROVED AT THE JANUARY MEETING. THE BOARD WOULD REVIEW ANY POTENTIAL OR ACTUAL CONFLICTS AND DETERMINE IF FURTHER ACTION IS NECESSARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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). |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/USAddress/CityNm | 0 | PEBBLE BEACH |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOAN HOOVER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY / TREASURER |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7351 OFFICE PARK PLACE |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-08-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JULIANA KREUL |
| ReturnHeader/ReturnTs | 0 | 2023-08-30T12:48:39-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JOAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HOOVER |
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| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.