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MORRISON FAMILY CHARITABLE FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MORRISON FAMILY CHARITABLE FOUNDATION (EIN 81-0831911)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349106833
Schema version
2020v4.0
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)
Return2021-11-15T15:02:09-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-12SignatureDt
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
Preparation2021-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$623,905FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$9,178DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,178DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$36,071NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$65,839GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$36,071CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$45,249TotalRevAndExpnssAmt
Total Net Invst Incm$45,249TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$5,725AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$5,725AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$249TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$249TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$151OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$151OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,125TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$59,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$59,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,125TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$65,125TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,876ExcessRevenueOverExpensesAmt
Net Investment Income$45,249NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$22,189SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$32,554SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$32,554SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$445,423CorporateStockBOYAmt
Corporate Stock EOY$398,638CorporateStockEOYAmt
Corporate Stock EOYFMV$564,943CorporateStockEOYFMVAmt
Corporate Bonds BOY$24,226CorporateBondsBOYAmt
Corporate Bonds EOY$24,226CorporateBondsEOYAmt
Corporate Bonds EOYFMV$26,408CorporateBondsEOYFMVAmt
Total Assets BOY$491,838TotalAssetsBOYAmt
Total Assets EOY$455,418TotalAssetsEOYAmt
Total Assets EOYFMV$623,905TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$491,838RetainedEarningBOYAmt
Retained Earning EOY$455,418RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$491,838TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$455,418TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$491,838TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$455,418TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$491,838TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,876ExcessRevenueOverExpensesAmt
Other Increases$758OtherIncreasesAmt
Subtotal$472,720SubtotalAmt
Other Decreases$17,302OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$455,418TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
INVESCO QQQ TR - 169 SHARESD2020-09-24$45,011$20,703$24,308$24,308
INVESCO QQQ TR - 74 SHARESD2020-11-02$19,918$9,065$10,853$10,853
FieldValueIRS element (for citing)
Capital Gain Net Income$36,071CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$629InvestmentIncomeExciseTaxAmt
Subtotal$629SubtotalAmt
Tax Based On Investment Income$629TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$700ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$700TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$4EsPenaltyAmt
Overpayment$67OverpaymentAmt
Applied To ES Tax$67AppliedToESTaxAmt

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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (3 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
1808 SW LAUREL STPORTLANDOR97201DIRECTOR2.00$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$568,646AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$27,372AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$596,018TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$596,018AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,940CashDeemedCharitableAmt
Net Vl Noncharitable Assets$587,078NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,354MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,354MinimumInvestmentReturnAmt
Tax Based On Investment Income$629TaxBasedOnInvestmentIncomeAmt
Total Tax$629TotalTaxAmt
Distributable Before Adj$28,725DistributableBeforeAdjAmt
Distributable Before Ded$28,725DistributableBeforeDedAmt
Distributable As Adjusted$28,725DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$65,125ExpensesAndContributionsAmt
Qualifying Distributions$65,125QualifyingDistributionsAmt
Adjusted Qualifying Distri$65,125AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,725DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$26,638ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$21,216ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$20,732ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$19,672ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$88,258TotalExcessDistributionCyovAmt
Qualifying Distributions$65,125QualifyingDistributionsAmt
Applied To Current Year$28,725AppliedToCurrentYearAmt
Remaining Distri From Corpus$36,400RemainingDistriFromCorpusAmt
Total Corpus$124,658TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$124,658ExcessDistriCyovToNextYrAmt
Excess From Year4$26,638ExcessFromYear4Amt
Excess From Year3$21,216ExcessFromYear3Amt
Excess From Year2$20,732ExcessFromYear2Amt
Excess From Year1$19,672ExcessFromYear1Amt
Excess From Current Year$36,400ExcessFromCurrentYearAmt

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
PEAR
338 NW 6TH AVEPORTLANDOR97209N/APCEDUCATION$6,000
NORTH COAST LAND CONSERVANCY
PO BOX 67SEASIDEOR97138N/APCCONSERVATION$25,000
FRIENDS OF THE CHILDREN
44 NE MORRIS STPORTLANDOR97212N/APCCARE FOR POOR$6,000
SMART
1061 MARKET STREETSAN FRANCISCOCA94013N/APCEDUCATION$8,000
COMMUNITY TRANSITIONAL SCHOOL
6601 NE KILLINGSWORTH STPORTLANDOR97218N/APCEDUCATION$6,000
THE SHELDON PROJECT
3648 WASHINGTON BLVDST LOUISMO63108N/APCEDUCATION$8,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$59,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,178ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$36,071ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$45,249ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$45,249TotalIncomeProducingActyAmt

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$5,725Amt
Disbursements Charitable Prps$5,725DisbursementsCharitablePrpsAmt

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$26,408EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (15 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIDELITY ADVISOR HEALTH CARE FUND$10,323$17,327
FIDELITY ADVISOR NEW MARKETS INCOME$14,331$13,407
FIDELITY ADVISOR INTERNATIONAL CAPIT$30,968$53,127
FIRST TR VALUE LINE DIVID INDEX FUND$24,075$29,213
INVESCO QQQ TR UNIT SER 1$130,290$220,869
INVESCO EXCHANGE-TRADED FD TR II SEN$10,220$9,825
ISHARES TR CORE S&P 500$27,494$43,921
ISHARES TR CORE S&P US VALUE$11,804$14,739
ISHARES TR CORE S&P US GROWTH$16,736$32,283
ISHARES TR MORNINGSTAR MID CAP VALU$25,824$27,843
NUVEEN SR INCOME$9,299$7,022
PIMCO INCOME FUND$28,554$28,303
PIMCO INTERNATIONAL BOND$20,811$22,038
VANGUARD TOTAL BOND MARKET INDEX FUN$24,037$26,120
VANGUARD TAX-MANAGED SMALL CAP FUND$13,872$18,906

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDescAmtAmt
ADJ TO CG ON PT 1 LN 6A CALC'D USING DONOR'S COST$17,017
TIMING DIF - 2020 DIVIDENDS RECEIVED IN JAN 2021$247
TIMING DIF - 2020 NONDIV. DISTRI. REC'D IN JAN 21$38

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
MISC. EXPENSE$101$101
OREGON CORPORATE DIVISION REN$50$50

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
NONDIVIDEND DISTRIBUTION$403
TIMING DIF - 2019 DIVIDENDS RECEIVED IN JAN 2020$355

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OREGON DEPARTMENT OF JUSTICE$199$199
FOREIGN TAXES$50$50

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