JESS & PALMA MORGAN FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- JESS & PALMA MORGAN FOUNDATION (EIN 95-4279684)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-12
- IRS object ID
- 202033179349102418
- Schema version
- 2019v5.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-12T14:15:00-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952483169 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JESS S MORGAN & COMPANY INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 WILSHIRE BLVD SUITE 2300 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954279684 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JESS AND PALMA MORGAN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JESS | BusinessNameControlTxt |
| Phone | 3236342400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 WILSHIRE BOULEVARD SUITE 2300 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN J OLLWEILER | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 3236342400 | PhoneNum |
| Signature | 2020-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TIMOTHY D BODNER | PreparerPersonNm |
| PTIN | P00396713 | PTIN |
| Phone | 3236342400 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 38.88.179.84 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-12 | IPDt |
| IP Tm | 12:13:45 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DD997C922A7DE4FA3501CAC6DCB263E2143A73B5 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 419620BDF1CB4CA232E4BC8681C9FCE6D0F7490B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,830,823 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,285,034 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $769 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $765 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $20,013 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $18,354 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,636 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $125,850 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,636 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $349 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $349 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,310,801 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $24,104 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,046 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $25,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $14,631 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,377 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $187 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $15,786 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $56,650 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,377 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $56,650 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,377 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,254,151 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,727 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,445 | CashBOYAmt |
| Cash EOY | $5,818 | CashEOYAmt |
| Cash EOYFMV | $5,818 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $27,264 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $85,961 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $85,961 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $403,059 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,025,371 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,186,809 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,575,748 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,552,235 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $431,768 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,692,898 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,830,823 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $431,768 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,692,898 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $431,768 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,692,898 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $431,768 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,692,898 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $431,768 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,254,151 | ExcessRevenueOverExpensesAmt |
| Other Increases | $6,979 | OtherIncreasesAmt |
| Subtotal | $5,692,898 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,692,898 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SALE OF PUBLICLY TRADED SECURITIES | P | $97,370 | $112,864 | -$15,494 | -$15,494 |
| SALE OF PUBLICLY TRADED SECURITIES | P | $11,920 | $8,350 | $3,570 | $3,570 |
| K-1 MORGAN INVESTORS VII | D | $222 | $222 | $222 | |
| K-1 TRITON PACIFIC I & G FUND I (Q), LP | D | $13,456 | $13,456 | $13,456 | |
| CAPITAL GAINS DIVIDENDS | P | $2,882 | $2,882 | $2,882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,636 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $0 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $500,760 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.000000 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $0 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $351,122 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.000000 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $300,261 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.003330 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,500 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $222,388 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.011242 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $70,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $144,356 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.484912 | DistributionYr5Rt |
| Total Distribution | 0.499484 | TotalDistributionRt |
| Average Distribution | 0.099897 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,569,644 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $156,803 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $157 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $156,960 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $315 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $315 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $315 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,685 | OverpaymentAmt |
| Applied To ES Tax | $3,685 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JESS S MORGAN COMPANY INC | IndividualWithBooksNm |
| Phone | 3236342400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 WILSHIRE BLVD SUITE 2300 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900363697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GARY LEVENSTEIN | ||||||||
| 5900 WILSHIRE BLVD 2300 | LOS ANGELES | CA | 90036 | PRESIDENT & DIRECTOR | 0.00 | $0 | $0 | $0 |
| SUSAN J OLLWEILER | ||||||||
| 5900 WILSHIRE BLVD 2300 | LOS ANGELES | CA | 90036 | SECRETARY | 0.00 | $0 | $0 | $0 |
| GENE TORNCELLO | ||||||||
| 5900 WILSHIRE BLVD 2300 | LOS ANGELES | CA | 90036 | VICE PRESIDENT & DIRECTOR | 0.00 | $0 | $0 | $0 |
| TIMOTHY D BODNER | ||||||||
| 5900 WILSHIRE BLVD 2300 | LOS ANGELES | CA | 90036 | CHIEF FINANCIAL OFFICER | 0.00 | $0 | $0 | $0 |
| PAM BALDONADO | ||||||||
| 5900 WILSHIRE BLVD 2300 | LOS ANGELES | CA | 90036 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,042,727 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $63,502 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $487,318 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,593,547 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,593,547 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $23,903 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,569,644 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $78,482 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $78,482 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $315 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $315 | TotalTaxAmt |
| Distributable Before Adj | $78,167 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $78,167 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $78,167 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $0 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $78,167 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $62,893 | ExcessDistributionCyovYr5Amt |
| Total Excess Distribution Cyov | $62,893 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $0 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $62,893 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $62,893 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $15,274 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SUSAN J OLLWEILER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 WILSHIRE BLVD SUITE 2300 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3236342400 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD BE IN WRITING AND MUST INCLUDE A DESCRIPTION OF CHARITABLE PURPOSE. ADDITIONALLY, PLEASE INCLUDE THE MOST RECENT FORM 990/ 990PF, BUDGET, 501(C)(3) LETTER AND LIST OF MAJOR CONTRIBUTORS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | AUGUST 1ST OF EACH YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| STANDFORD GRADUATE SCHOOL OF BUSINESS | |||||||
| 326 GALVEZ STREET | PALO ALTO | CA | 943056105 | NONE | PUBLIC CHARITY | GENERAL | $50,000 |
| USC - MARSHALL SCHOOL OF BUSINESS | |||||||
| 3551 TROUSDALE PKWY | LOS ANGELES | CA | 900898201 | NONE | PUBLIC CHARITY | GENERAL | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $70,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $769 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $20,013 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $349 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,636 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $25,767 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $25,767 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (20 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| PALMA S MORGAN | |||||||
| 1 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $782,157 | Yes (X) | |
| PALMA S MORGAN | |||||||
| 2 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $31,681 | Yes (X) | |
| PALMA S MORGAN | |||||||
| 3 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $8,316 | Yes (X) | |
| PALMA S MORGAN | |||||||
| 4 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $29,195 | Yes (X) | |
| PALMA S MORGAN | |||||||
| 5 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $233,789 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 6 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $200,000 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 7 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $100,000 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 8 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $125,000 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 9 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $556,250 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 10 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $539,500 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 11 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $138,162 | Yes (X) | |
| PALMA S MORGAN | |||||||
| 12 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $10,765 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 13 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $36,503 | Yes (X) | |
| MORGAN BYPASS TRUST | |||||||
| 14 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $884,804 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 15 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $200,000 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 16 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $50,000 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 17 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $125,000 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 18 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $556,250 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 19 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $539,500 | Yes (X) | |
| MORGAN LIVING TRUST | |||||||
| 20 | 5900 WILSHIRE BOULEVARD 2300 | LOS ANGELES | CA | 90036 | $138,162 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (18 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | MORGAN INVESTORS III PARTNERSHIP INTEREST | $31,681 | 2019-12-31 |
| 3 | MORGAN INVESTORS IV PARTNERSHIP INTEREST | $8,316 | 2019-12-31 |
| 4 | MORGAN INVESTORS VIII PARTNERSHIP INTEREST | $29,195 | 2019-12-31 |
| 5 | MORGAN INVESTORS X PARTNERSHIP INTEREST | $233,789 | 2019-12-31 |
| 6 | PINTL REAL ESTATE FUND IV, LLC PARTNERSHIP INTEREST | $200,000 | 2019-12-31 |
| 7 | PINTL-730 DORAN, LLC PARTNERSHIP INTEREST | $100,000 | 2019-12-31 |
| 8 | PINTL-2841 MONTROSE, LLC PARTNERSHIP INTEREST | $125,000 | 2019-12-31 |
| 9 | WARD INDUSTRIAL PARK, LLC PARTNERSHIP INTEREST | $556,250 | 2019-12-31 |
| 10 | CALABASAS MEDICAL CENTER, LLC PARTNERSHIP INTEREST | $539,500 | 2019-12-31 |
| 11 | 5955 DE SOTO, LLC PARTNERSHIP INTEREST | $138,162 | 2019-12-31 |
| 12 | TRITON PACIFIC I & G FUND I (Q), LP PARTNERSHIP INTEREST | $10,765 | 2019-12-31 |
| 14 | COMMON STOCK AND RIGHTS | $884,804 | 2019-12-18 |
| 15 | PINTL REAL ESTATE FUND IV, LLC PARTNERSHIP INTEREST | $200,000 | 2019-12-31 |
| 16 | PINTL-730 DORAN, LLC PARTNERSHIP INTEREST | $50,000 | 2019-12-31 |
| 17 | PIINTL-2841 MONTROSE, LLC PARTNERSHIP INTEREST | $125,000 | 2019-12-31 |
| 18 | WARD INDUSTRIAL PARK, LLC PARTNERSHIP INTEREST | $556,250 | 2019-12-31 |
| 19 | CALABASAS MEDICAL CENTER, LLC PARTNERSHIP INTEREST | $539,500 | 2019-12-31 |
| 20 | 5955 DE SOTO, LLC PARTNERSHIP INTEREST | $138,162 | 2019-12-31 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BUSINESS MANAGEMENT FEES | CategoryTxt |
| Amt | $25,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $2,025,371 | EOYBookValueAmt |
| EOYFMV | $3,186,809 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES AND EXPENSES | CategoryTxt |
| Legal Fees | $1,046 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIPS AND JOINT VENTURES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $3,575,748 | EOYBookValueAmt |
| EOYFMV | $3,552,235 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE SUPPLIES & MISCELLANEOUS | $172 | $0 | $0 |
| INSURANCE | $850 | $0 | $0 |
| K-1 WARD INDUSTRIAL PARK, LLC | $10,489 | $0 | $0 |
| K-1 5955 DE SOTO, LLC | $584 | $0 | $0 |
| K-1 TRITON PACIFIC I & G FUND I (Q), LP | $3,691 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 CALABASAS MEDICAL CENTER, LLC | Desc |
| Revenue And Expenses Per Books | $349 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $349 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $349 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| RETURN OF CAPITAL ADJUSTMENTS | $296 |
| PAYMENT OF FEDERAL TAXES | $3,549 |
| OTHER ADJUSTMENTS | $3,134 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT ADVISORY FEES | $8,377 | $8,377 | $0 |
| K-1 MORGAN INVESTORS VIII-OTHER DEDUCTIONS | $49 | $0 | $0 |
| K-1 WARD INDUSTRIAL PARK, LC | $4,904 | $0 | $0 |
| K-1 5955 DE STO, LLC | $1,301 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FRANCHISE TAX BOARD | $10 | $0 | $0 |
| FOREIGN TAXES | $177 | $0 | $0 |
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