MORNINGSTAR FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MORNINGSTAR FOUNDATION (EIN 23-2855899)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-13
IRS object ID
201433179349101403
Schema version
2013v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2014-11-13T12:30:33-08:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morgan Lewis & Bockius LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11701 Market StreetAddressLine1
CityPhiladelphiaCity
StatePAState
ZIP Code191032921ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN232855899EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Morningstar FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMORNBusinessNameControlTxt
Phone4106973016PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1362 West Bridge StreetAddressLine1
CityNew HopeCity
StatePAState
ZIP Code18938ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKatherine N MurphyPersonNm
Person TitlePresidentPersonTitleTxt
Signature2014-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJohn BirkmirePreparerPersonNm
PTINP00022672PTIN
Phone2159635580PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$190,540FMVAssetsEOYAmt
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$2,048DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,048DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$28,344NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$34,927GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$28,344CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,392TotalRevAndExpnssAmt
Total Net Invst Incm$30,392TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$2,468LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$1,234LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$1,234LegalFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$228OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$114OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$114OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,696TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,348TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,348TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,696TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,348TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,348TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$20,696ExcessRevenueOverExpensesAmt
Net Investment Income$29,044NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,083CashBOYAmt
Cash EOY$388CashEOYAmt
Cash EOYFMV$388CashEOYFMVAmt
Other Investments BOY$134,576OtherInvestmentsBOYAmt
Other Investments EOY$155,969OtherInvestmentsEOYAmt
Other Investments EOYFMV$190,152OtherInvestmentsEOYFMVAmt
Total Assets BOY$135,659TotalAssetsBOYAmt
Total Assets EOY$156,357TotalAssetsEOYAmt
Total Assets EOYFMV$190,540TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$135,659CapitalStockBOYAmt
Capital Stock EOY$156,357CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$135,659TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$156,357TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$135,659TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$156,357TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$135,659TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$20,696ExcessRevenueOverExpensesAmt
Other Increases$2OtherIncreasesAmt
Subtotal$156,357SubtotalAmt
Tot Net Ast Or Fund Balances EOY$156,357TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$28,344CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$8,138AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$151,178NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05383DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,106AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$150,353NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04061DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,369AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$141,365NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04505DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,743AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$120,126NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.07278DistributionYr4Rt
Adjusted Qlfy Distri Yr5$10,275AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$176,384NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.05825DistributionYr5Rt
Total Distribution0.27053TotalDistributionRt
Average Distribution0.05411AverageDistributionRt
Net Vl Noncharitable Assets$170,972NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$9,251AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$290NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$9,541AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,348QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$581InvestmentIncomeExciseTaxAmt
Subtotal$581SubtotalAmt
Tax Based On Investment Income$581TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$133EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$133TotalPaymentsAndCreditsAmt
Tax Due$448TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StatePAOrgReportOrRegisterStateCd
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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Katherine N MurphyBusinessNameLine1
FieldValueIRS element (for citing)
Phone4106973016PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1362 West Bridge StreetAddressLine1
CityNew HopeCity
StatePAState
ZIP Code18938ZIPCode
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Katherine N Murphy
362 West Bridge StreetNew HopePA18938President0.00$0
Martha J Murphy
362 West Bridge StreetNew HopePA18938Vice President0.00$0
Joseph A Murphy
362 West Bridge StreetNew HopePA18938Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$172,770AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$806AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$173,576TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$173,576AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,604CashDeemedCharitableAmt
Net Vl Noncharitable Assets$170,972NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,549MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,549MinimumInvestmentReturnAmt
Tax Based On Investment Income$581TaxBasedOnInvestmentIncomeAmt
Total Tax$581TotalTaxAmt
Distributable Before Adj$7,968DistributableBeforeAdjAmt
Distributable Before Ded$7,968DistributableBeforeDedAmt
Distributable As Adjusted$7,968DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,348ExpensesAndContributionsAmt
Qualifying Distributions$8,348QualifyingDistributionsAmt
Adjusted Qualifying Distri$8,348AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,968DistributableAsAdjustedAmt
Undistributed Income PY$6,624UndistributedIncomePYAmt
Qualifying Distributions$8,348QualifyingDistributionsAmt
Applied To Year1$6,624AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,724AppliedToCurrentYearAmt
Undistributed Income CY$6,244UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJoseph A MurphyContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonKatherine N MurphyRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1362 West Bridge StreetAddressLine1
CityNew HopeCity
StatePAState
ZIP Code18938ZIPCode
FieldValueIRS element (for citing)
Recipient Phone4106973016RecipientPhoneNum
Form And Info And MaterialsLetter form, submit brief history; reason for grant; amount and IRS Exemption Letter.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsAccepts applications from organizations which focus on alleviating suffering of abused and disadvantaged children.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonGirls IncRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1201 South TuttleAddressLine1
CitySarasotaCity
StateFLState
ZIP Code34237ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPublicRecipientFoundationStatusTxt
Grant Or Contribution PurposeFor General PurposesGrantOrContributionPurposeTxt
Amt$7,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,048ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$28,344ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$30,392ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$30,392TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Goldman Sachs Bank Deposit (BDA)FMV$1,802$1,802
Goldman Sachs Capital Growth Class AFMV$107,620$138,659
Goldman Sachs Concentrated Int'l EquityFMV$46,547$49,691

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryMorgan, Lewis & Bockius, LLPCategoryTxt
Legal Fees$2,468LegalFeesAmt
Net Investment Income$1,234NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,234DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank feesDesc
Revenue And Expenses Per Books$228RevenueAndExpensesPerBooksAmt
Net Investment Income$114NetInvestmentIncomeAmt
Disbursements Charitable Prps$114DisbursementsCharitablePrpsAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescriptionRoundingDescription
Amount$2Amount

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