2022-04-15T15:12:35-05:00 2021-05-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2020-06-01 592774476 MORSELIFE FOUNDATION INC MORS 5614715111 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 HONG CHAE SENIOR VICE PRESIDENT/CFO 5614715111 2022-04-15 1 HONG CHAE 999009999 VICKI L HINZ CPA P00356696 4077405400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEITH A MYERS 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 10089955 0 X WWW.MORSELIFEFOUNDATION.ORG X 1987 FL TO SUPPORT ALL AFFILIATED AGENCIES FOR THE PURPOSE OF ENHANCING SENIOR LIVING. 12 12 12 12 0 0 6445223 8747683 0 0 1166049 1318573 302463 23699 7913735 10089955 2076424 4052066 0 0 1291333 1303670 0 0 1809661 3151662 2570149 6519419 7925885 1394316 2164070 37661565 60188251 24656061 37468243 13005504 22720008 TO SOLICIT, RECEIVE AND INVEST THE PROCEEDS OF GRANTS, CONTRIBUTIONS, PLEDGES, AND OTHER SUPPORT FROM GOVERNMENTAL ENTITIES AND THE PUBLIC AT LARGE, AND TO SUPPORT ALL RELATED TAX-EXEMPT ORGANIZATIONS FOR THE PURPOSE OF ENHANCING SENIOR LIVING IN THE SPIRIT OF JEWISH TRADITION. 0 0 4945526 4052066 23699 THE ORGANIZATION SOLICITS AND COLLECTS FUNDS FOR THE BENEFIT OF ITS AFFILIATED TAX-EXEMPT ENTITIES. THE FUNDS ARE GIVEN TO THE AFFILIATES IN SUPPORT OF THEIR TAX-EXEMPT PURPOSE OF PROVIDING SENIOR LIVING ACCOMODATIONS AND HEALTH SERVICES. 4945526 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 23 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X X RANDY T WOLAN 5612096108 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 X IRVING GEFFEN SENIOR VICE PRESIDENT 40.00 0.00 X 370808 0 24631 CAROLYN ROSE VP OF MORSELIFE FOUNDATION 40.00 0.00 X 232306 0 8743 JOAN BEVER VP OF EVENTS 40.00 0.00 X 197445 0 755 TAMI LESSER VP OF MORSELIFE FOUNDATION 40.00 0.00 X 158548 0 5499 ETHAN KERNKRAUT DIRECTOR OF MORSELIFE FOUNDATION 40.00 0.00 X 125885 0 3026 ARTHUR S LORING PRESIDENT 2.00 10.00 X X 0 0 0 DAVID S MACK VICE PRESIDENT 2.00 4.00 X X 0 0 0 RICHARD ROTHSCHILD SECRETARY 2.00 0.00 X X 0 0 0 MITCHELL RUBENSTEIN TREASURER 2.00 4.00 X X 0 0 0 ROY APPLE DIRECTOR 2.00 2.00 X 0 0 0 HOWARD GANEK DIRECTOR 2.00 0.00 X 0 0 0 STANLEY M KATZ DIRECTOR 2.00 12.00 X 0 0 0 FRANCINE KITTREDGE DIRECTOR 2.00 8.00 X 0 0 0 MICHAEL MARGOLIS DIRECTOR 2.00 2.00 X 0 0 0 TERRI C SRIBERG DIRECTOR 2.00 14.00 X 0 0 0 JOSEPH JACOBS DIRECTOR 2.00 2.00 X 0 0 0 RONALD BERK DIRECTOR 2.00 0.00 X 0 0 0 KEITH A MYERS CHIEF EXECUTIVE OFFICER 6.00 42.00 X 0 0 0 HONG CHAE CHIEF FINANCIAL OFFICER 8.00 40.00 X 0 0 0 1084992 0 42654 5 0 1 0 MORSELIFE HEALTH SYSTEMS INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 MANAGEMENT SERVICES 857646 KELL PARTNERS LLC 5705 SEDGEFIELD DRIVE AUSTIN TX 78746 IT SERVICES 116420 2 8747683 54311 8747683 368784 368784 804089 145700 0 0 804089 145700 949789 949789 23699 0 23699 23699 10089955 0 0 1342272 4052066 4052066 1051339 239209 812130 121273 27593 93680 57375 19242 38133 73683 13046 60637 857646 120070 428823 308753 468477 468477 26354 26354 112252 112252 90821 1736 89085 113728 113728 101378 11473 89905 41155 1680 39475 78858 78858 4110 4110 300425 300425 141553 78989 1416 61148 48023 43221 4802 COMMUNITY EVENTS 133747 133747 ANNUITY EXPENSE 49985 49985 RECRUITING 1637 1637 7925885 4945526 1170698 1809661 1298391 1877637 8415319 11171280 59905 74428 1968841 659907 1274533 1308934 26005636 44026361 607781 1729611 37661565 60188251 195880 499038 24460181 36969205 24656061 37468243 X 9054067 16105597 3951437 6614411 13005504 22720008 37661565 60188251 X 2164070 7350434 200000 X X 0 1 X 1 0 X 4253553 6774352 3899774 6445223 8747683 30120585 4253553 6774352 3899774 6445223 8747683 30120585 8051218 22069367 403377 397318 402148 399917 368784 1971544 405360 302463 707823 32799952 0.67280 0.83820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 929739 92159 6246 89731 938413 962106 52350 43196 127913 929739 1082373 20843 42776 183886 962106 1044710 45723 -636 7424 1082373 1109411 55031 9609 129341 1044710 0.88447 0.11553 0 0 295242 156887 138355 1673599 503020 1170579 1308934 CASH AND CASH EQUIVALENTS 776285 F CORPORATE BONDS 9282473 F MANAGED EQUITY FUNDS 33967603 F 44026361 ANNUITIES PAYABLE 392944 DUE TO/FROM AFFILIATES 592608 NOTES PAYABLE TO AFFILIATES 35983653 36969205 X PART V, LINE 4: THE FOUNDATION'S SPENDING POLICY OBJECTIVE IS TO ALLOW ITS ENDOWMENT TO GROW AND PROVIDE FUTURE CASH FLOWS FOR OPERATIONS AND OTHER DESIGNATED PURPOSES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AND IS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ACCORDINGLY, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. ATTENDENCE FEES 23699 23699 23699 23699 23699 1 LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 900730105 501(C)(3) 1469740 MISSION SUPPORT AND EVENTS MORSELIFE HOUSING CORPORATION INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650888855 501(C)(3) 219023 MISSION SUPPORT AND EVENTS MORSELIFE HOMECARE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592753822 501(C)(3) 354169 MISSION SUPPORT AND EVENTS JOSEPH L MORSE HEALTH CENTER 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592120896 501(C)(3) 1861989 MISSION SUPPORT AND EVENTS PALM BEACH SENIOR CARE HEALTH MANAGEMENT LLC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 463793477 501(C)(3) 41828 MISSION SUPPORT AND EVENTS MORSELIFE HOSPICE INSTITUTE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 800730376 501(C)(3) 73828 MISSION SUPPORT AND EVENTS 6 PART I, LINE 2: THE GRANT FUNDS ARE PROVIDED TO RELATED PARTIES IN WHICH THE MANAGEMENT OFFICIALS ARE THE SAME AS THE FILING ORGANIZATION. THE MONIES ARE USED FOR THEIR INTENDED PURPOSES AS REPORTED WITHIN SCHEDULE I, PART II. 0 1 0 0 0 0 0 0 0 IRVING GEFFEN SENIOR VICE PRESIDENT 370808 0 0 0 0 0 18552 0 6079 0 395439 0 0 0 CAROLYN ROSE VP OF MORSELIFE FOUNDATION 232256 0 50 0 0 0 0 0 8743 0 241049 0 0 0 JOAN BEVER VP OF EVENTS 170895 0 26550 0 0 0 0 0 755 0 198200 0 0 0 TAMI LESSER VP OF MORSELIFE FOUNDATION 158498 0 50 0 0 0 0 0 5499 0 164047 0 0 0 PART I, LINE 4B MORSELIFE FOUNDATION, INC. MAINTAINS ONE NONQUALIFIED EMPLOYEE DEFERRED COMPENSATION PLANS OPEN TO CERTAIN KEY EMPLOYEES UNDER INTERNAL REVENUE CODE 457(B) AND SECTION 457(F) (COLLECTIVELY, THE 457 PLANS). THE 457 PLANS PROVIDE, AMONG OTHER THINGS, FOR VOLUNTARY CONTRIBUTIONS TO BE MADE BY ELIGIBLE PARTICIPANTS. THESE FUNDS REMAIN THE PROPERTY OF MORSELIFE HEALTH SYSTEM, INC. AND SUBSIDIARIES. MORSELIFE HEALTH SYSTEM, INC. AND SUBSIDIARIES HAVE A FIDUCIARY DUTY OF ACCOUNTABILITY FOR THESE FUNDS. MORSELIFE FOUNDATION, INC. MADE CONTRIBUTIONS ON BEHALF OF THE FOLLOWING LISTED EMPLOYEE(S) THAT PARTICIPATED IN THE DEFERRED COMPENSATION PLAN UNDER IRC. SEC. 457(B): GEFFEN, IRVING - $18,552 X 1 28850 FAIR MARKET VALUE X 1 25461 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS REPORTED BY THE NUMBER OF DONORS WHO CONTRIBUTED EACH ITEM. FORM 990, PART VI, SECTION A, LINE 2 THE FILING ORGANIZATION'S CEO, KEITH MYERS, AND CFO, HONG CHAE ARE BUSINESS PARTNERS AS THEY ARE OWNERS OF AMPLIFII MANAGEMENT, LLC. FORM 990, PART VI, SECTION A, LINE 3 AS OF JANUARY 1, 2019, THE AGENCY ENTERED INTO A MANAGEMENT AGREEMENT ("AGREEMENT") WITH AMPLIFII MANAGEMENT, LLC ("AMPLIFII"), AN UNRELATED, FOR-PROFIT ENTITY, TO PROVIDE SPECIFICALLY DESCRIBED CONSULTING SERVICES WHICH ENCOMPASS RECOMMENDATIONS, SUPPORT, GUIDANCE AND OVERSIGHT WITH RESPECT TO THE OVERALL BUSINESS OPERATIONS AND DEVELOPMENT ACTIVITIES OF THE AGENCY THAT ARE ALSO CLOSELY ALINED WITH AMPLIFII'S CONSULTING SERVICES AS PROVIDED TO OTHER RELATED HEALTH CARE FACILITIES. THE INITIAL TERM OF THE AGREEMENT IS FOR A PERIOD OF FIVE (5) YEARS AND MAY BE EXTENDED FOR AN ADDITIONAL PERIOD OF FIVE (5) YEARS AS AGREED. THE AGREEMENT PROVIDES FOR THE PAYMENT OF CONSULTING FEES TO AMPLIFII BASED ON A DEFINED PERCENTAGE OF THE AGENCY'S ADJUSTED GROSS REVENUES. AMPLIFII IS SOLELY RESPONSIBLE FOR ALL ITS OPERATING EXPENSES INCURRED IN PROVIDNG THE CONSUTLING SERVICES DEFIND IN THE AGREEMENT WITH THE AGENCY, WITHOUT PROVISION FOR REIMBURSEMENT. FORM 990, PART VI, SECTION A, LINE 6 MORSELIFE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE MORSELIFE FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, MORSELIFE HEALTH SYSTEM, INC., SHALL ELECT BOARD MEMBERS AND AT ANY TIME IN ITS SOLE DISCRETION, REMOVE AND NAME A REPLACEMENT FOR ANY BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 7B MORSELIFE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE MORSELIFE FOUNDATION, INC. AND, AS SUCH, ELECTS THE BOARD OF DIRECTORS AND HAS ULTIMATE VOTING AND VETO AUTHORITY OVER BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B AN AUDIT, COMPLIANCE AND ETHICS COMMITTEE, COMPOSED OF THE CHAIRPERSON OF THE BOARD OF DIRECTORS FROM EACH OF THE MORSELIFE RELATED ORGANIZATIONS AND THE SENIOR VICE PRESIDENT OF FINANCE, IS RESPONSIBLE FOR THE REVIEW OF THE FORM 990. THE CHAIRPERSON OF MORSELIFE HEALTH SYSTEM, INC. IS THE CHAIRPERSON OF THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE STATEMENTS, WHEN COMPLETED AND RETURNED, ARE REVIEWED BY THE PRESIDENT TO ENSURE THAT THERE ARE NO INADVERTENT CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15B MORSELIFE FOUNDATION, INC. IS AN ORGANIZATION CONTROLLED BY MORSELIFE HEALTH SYSTEM, INC. THE PRESIDENT & CEO OF THE ORGANIZATION IS RESPONSIBLE FOR THE COMPENSATION OF THE MEMBERS OF THE EXECUTIVE TEAM, INCLUDING THE SENIOR VICE PRESIDENTS AND CHIEF FINANCIAL OFFICER. ANNUAL INCREASES AND BASE SALARY AMOUNTS ARE COMPARED TO THE COMPENSATION PACKAGES FOR SIMILAR POSITIONS UTILIZING OTHER SIMILAR ENTITIES' PUBLISHED IRS FORM 990. IN ADDITION, INDEPENDENT SALARY SURVEYS CONDUCTED BY NATIONAL ASSOCIATIONS & OTHER PROVIDER ENTITIES ARE UTILIZED TO ENSURE COMPARABILITY AND APPROPRIATENESS. THE PRESIDENT & CEO REPORTS ON THE ANNUAL INCREASE, SALARY ADJUSTMENT, AND/OR CHANGE IN BENEFIT PACKAGE FOR THE EXECUTIVE TEAM MEMBERS TO THE COMPENSATION COMMITTEE MADE UP OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS TRANSFERRED FROM RELATED PARTIES 200,000. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT, COMPLIANCE AND ETHICS COMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT ACCOUNTING FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. MORSELIFE HOUSING CORPORATION INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650888855 OPERATES A SENIOR LIVING COMMUNITY WITH FULL HEALTH SERVICES. FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 NEARLY NEW THRIFT SHOP OF MORSE GERIATRIC INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592533256 RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES. FL 501(C)(3) LINE 12B, II MORSELIFE HEALTH SYSTEM INC 0 MORSELIFE HEALTH SYSTEM INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650018299 PROVIDES HEALTH CARE, HOUSING AND SUPPORT SERVICES TO SENIORS. FL 501(C)(3) LINE 12C, III-FI N/A 0 JOSEPH L MORSE HEALTH CENTER INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592120896 OWNS AND OPERATES SKILLED NURSING FACILITY. FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 900730105 PROVIDES HOME AND COMMUNITY-BASED SERVICES TO SENIORS FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 FRIENDS OF MORSELIFE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650329966 RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES. FL 501(C)(3) LINE 7 MORSELIFE FOUNDATION INC 1 MORSELIFE HOME CARE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592753822 PROVIDES HOME HEALTH AND OTHER SERVICES TO SENIORS FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 MORSELIFE HOSPICE INSTITUTE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 800730376 PROVIDES HOSPICE AND PALLIATIVE CARE SERVICES. FL 501(C)(3) LINE 10 MORSELIFE HOME CARE INC 0 0 1 0 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 1 FRIENDS OF MORSELIFE INC D 495437 FMV FRIENDS OF MORSELIFE INC B 11500 FMV