BETA

MORRISON FAMILY CHARITABLE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MORRISON FAMILY CHARITABLE FOUNDATION (EIN 81-0831911)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202233189349104418
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-14T15:08:48-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453960543PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DILORENZO & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110300 SW GREENBURG RD STE 360AddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97223ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810831911EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MORRISON FAMILY CHARITABLEBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMORRBusinessNameControlTxt
Phone5032924759PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12830 NE 47TH AVENUEAddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97213ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHUGH MORRISONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5032924759PhoneNum
Signature2022-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHUGHPersonFirstNm
Person LastMORRISONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID A DILORENZOPreparerPersonNm
PTINP00525269PTIN
Phone5036466696PhoneNum
Preparation2022-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$667,425FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$562ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$8,180DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,180DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$36,986NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$53,342GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$36,986CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$45,728TotalRevAndExpnssAmt
Total Net Invst Incm$45,166TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$6,050AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$6,050AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,450TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$188TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$22OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$22OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,522TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,260TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$65,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$65,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$72,522TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$71,260TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$26,794ExcessRevenueOverExpensesAmt
Net Investment Income$45,166NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$32,554SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$22,379SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$22,379SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$398,638CorporateStockBOYAmt
Corporate Stock EOY$373,225CorporateStockEOYAmt
Corporate Stock EOYFMV$620,041CorporateStockEOYFMVAmt
Corporate Bonds BOY$24,226CorporateBondsBOYAmt
Corporate Bonds EOY$24,226CorporateBondsEOYAmt
Corporate Bonds EOYFMV$25,005CorporateBondsEOYFMVAmt
Total Assets BOY$455,418TotalAssetsBOYAmt
Total Assets EOY$419,830TotalAssetsEOYAmt
Total Assets EOYFMV$667,425TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$455,418RetainedEarningBOYAmt
Retained Earning EOY$419,830RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$455,418TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$419,830TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$455,418TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$419,830TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$455,418TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$26,794ExcessRevenueOverExpensesAmt
Other Increases$566OtherIncreasesAmt
Subtotal$429,190SubtotalAmt
Other Decreases$9,360OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$419,830TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyINESTCO QQQ TR - 132 SHARESPropertyDesc
How AcquiredDHowAcquiredCd
Sold2021-09-08SoldDt
Gross Sales Price$50,213GrossSalesPriceAmt
Cost Or Other Basis$16,356CostOrOtherBasisAmt
Gain Or Loss$33,857GainOrLossAmt
Gains Minus Excess Or Losses$33,857GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$36,986CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$628InvestmentIncomeExciseTaxAmt
Subtotal$628SubtotalAmt
Tax Based On Investment Income$628TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$629EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$629TotalPaymentsAndCreditsAmt
Overpayment$1OverpaymentAmt
Applied To ES Tax$1AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOROrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressHTTPS://WWW.MORRISONFCF.ORGWebsiteAddressTxt
Individual With BooksJENNY MORRISONIndividualWithBooksNm
Phone5032924759PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12830 NE 47TH AVENUEAddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97213ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HUGH MORRISON
2830 NE 47TH AVENUEPORTLANDOR97213PRESIDENT5.00$0$0$0
JENNY MORRISON
2830 NE 47TH AVENUEPORTLANDOR97213SECRETARY5.00$0$0$0
LESLIE RAMSEY NEVIUS
2830 NE 47TH AVENUEPORTLANDOR97213DIRECTOR2.00$0$0$0
OLIVIA MORRISON
2830 NE 47TH AVENUEPORTLANDOR97213DIRECTOR2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$619,873AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$38,811AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$658,684TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$658,684AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,880CashDeemedCharitableAmt
Net Vl Noncharitable Assets$648,804NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,440MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,440MinimumInvestmentReturnAmt
Tax Based On Investment Income$628TaxBasedOnInvestmentIncomeAmt
Total Tax$628TotalTaxAmt
Distributable Before Adj$31,812DistributableBeforeAdjAmt
Distributable Before Ded$31,812DistributableBeforeDedAmt
Distributable As Adjusted$31,812DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$71,260ExpensesAndContributionsAmt
Qualifying Distributions$71,260QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,812DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$26,638ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$21,216ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$20,732ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$19,672ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$36,400ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$124,658TotalExcessDistributionCyovAmt
Qualifying Distributions$71,260QualifyingDistributionsAmt
Applied To Current Year$31,812AppliedToCurrentYearAmt
Remaining Distri From Corpus$39,448RemainingDistriFromCorpusAmt
Total Corpus$164,106TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$26,638ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$137,468ExcessDistriCyovToNextYrAmt
Excess From Year4$21,216ExcessFromYear4Amt
Excess From Year3$20,732ExcessFromYear3Amt
Excess From Year2$19,672ExcessFromYear2Amt
Excess From Year1$36,400ExcessFromYear1Amt
Excess From Current Year$39,448ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHUGH MORRISONContributingManagerNm
Contributing ManagerJENNY MORRISONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NORTH COAST LAND CONSERVANCY
PO BOX 67SEASIDEOR97138N/APCCONSERVATION$13,000
COMMUNITY TRANSITIONAL SCHOOL
6601 NE KILLINGSWORTH STPORTLANDOR97218N/APCEDUCATION$12,000
THE SHELDON PROJECT
3648 WASHINGTON BLVDST LOUISMO63108N/APCEDUCATION$12,000
GRACE INSTIUTE ART CAMP
1535 NE 17TH AVEPORTLANDOR97232N/APCEDUCATION$10,000
OREGON SHAKESPEARE FESTIVAL
15 S PIONEER STASHLANDOR97520N/APCARTS, THEATRE AND MUSIC$8,000
OREGON HISTORICAL SOCIETY
1200 SW PARK AVEPORTLANDOR97205N/APCCONSERVATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$65,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,180ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$36,986ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$45,166ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$45,166TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryFOUNDATION TAX PREP FEECategoryTxt
Amt$6,050Amt
Disbursements Charitable Prps$6,050DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondPIMCO INVESTMENT GRADE CORP BOND FUNBondNm
EOY Book Value$24,226EOYBookValueAmt
EOYFMV$25,005EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (15 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIDELITY ADVISOR HEALTH CARE FUND$10,323$18,253
FIDELITY ADVISOR NEW MARKETS INCOME$14,331$12,652
FIDELITY ADVISOR INTERNATIONAL CAPIT$30,968$57,401
FIRST TR VALUE LINE DIVID INDEX FUND$24,075$35,852
INVESCO QQQ TR UNIT SER 1$104,877$227,565
INVESCO EXCHANGE-TRADED FD TR II SEN$10,220$9,746
ISHARES TR CORE S&P 500$27,494$55,808
ISHARES TR CORE S&P US VALUE$11,804$18,093
ISHARES TR CORE S&P US GROWTH$16,736$42,093
ISHARES TR MORNINGSTAR MID CAP VALU$25,824$36,456
NUVEEN SR INCOME$9,299$7,983
PIMCO INCOME FUND$28,554$27,905
PIMCO INTERNATIONAL BOND$20,811$21,342
VANGUARD TOTAL BOND MARKET INDEX FUN$24,037$25,154
VANGUARD TAX-MANAGED SMALL CAP FUND$13,872$23,738

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
ADJ TO CG ON PT 1 LN 6A CALC'D USING DONOR'S COST$9,244
TIMING DIF - 2021 DIVIDENDS RECEIVED IN JAN 2022$116

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$22$22

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
2021 NONDIVIDEND DISTRIBUTIONS$281
TIMING DIF - 2020 DIVIDENDS RECEIVED IN JAN 2021$285

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OREGON DEPARTMENT OF JUSTICE$116$116
FOREIGN TAXES$72$72
FEDERAL TAX PAID$1,262

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.