MORRIS FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MORRIS FOUNDATION (EIN 27-4094112)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-04-27
- IRS object ID
- 201201309349101645
- Schema version
- 2011v1.2
- 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
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-27T16:11:50-00:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274094112 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Morris Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MORR | NameControl |
| Phone | 8008391754 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joshua Abrams | Name |
| Title | President | Title |
| Date Signed | 2012-04-27 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2012-04-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 396372 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 13771 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 13771 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 835 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 82505 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 20302 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 14606 | TotalRevenueAndExpenses |
| Total Net Investment Income | 34073 | TotalNetInvestmentIncome |
| Taxes Rev And Expnss | 700 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 11302 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 100 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 11202 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 12002 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 100 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 11202 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 18050 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 18050 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 30052 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 100 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 29252 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -15446 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 33973 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 25000 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 66224 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 66224 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 374980 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 318310 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 330148 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 399980 | TotalAssetsBOY |
| Total Assets EOY | 384534 | TotalAssetsEOY |
| Total Assets EOYFMV | 396372 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 399980 | RetainedEarningsBOY |
| Retained Earnings EOY | 384534 | RetainedEarningsEOY |
| Total Net Assets BOY | 399980 | TotalNetAssetsBOY |
| Total Net Assets EOY | 384534 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 399980 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 384534 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 399980 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -15446 | ExcessOfRevenueOverExpenses |
| Subtotal | 384534 | Subtotal |
| Total Net Assets Fund Balances EOY | 384534 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Publicly-traded Securities | DescriptionOfAsset |
| Gross Sales Price | 82505 | GrossSalesPrice |
| Cost Or Other Basis | 62203 | CostOrOtherBasis |
| Gain Or Loss | 20302 | GainOrLoss |
| Gains Minus Excess Or Losses | 20302 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 20302 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Noncharitable Assets Year1 | 190465 | NoncharitableAssetsYear1 |
| Net Noncharitable Assets | 389534 | NetNoncharitableAssets |
| One Percent Net Investment Income | 340 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 340 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 29252 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 340 | InvestmentIncomeExciseTax |
| Subtotal | 340 | Subtotal |
| Tax Based On Investment Income | 340 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 700 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 700 | TotalCreditsAndPayments |
| Tax Paid Original Return | 700 | TaxPaidOriginalReturn |
| Overpayment | 360 | Overpayment |
| Amount Credited To Next Year | 360 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | co Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | true | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | Joshua Abrams | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 19809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | President / Director / Secretary | Title |
| Avg Hours Per Wk Devoted To Position | 001.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 349253 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 46213 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 395466 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 395466 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 5932 | CashDeemedCharitable |
| Net Noncharitable Assets | 389534 | NetNoncharitableAssets |
| Minimum Investment Return | 19477 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 19477 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 340 | TaxBasedOnInvestmentIncome |
| Total Tax | 340 | TotalTax |
| Distributable Amount Before Adj | 19137 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 19137 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 19137 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 29252 | ExpensesAndContributions |
| Qualifying Distributions | 29252 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 340 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 28912 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 19137 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 835 | UndistributedIncomePriorYear |
| Qualifying Distributions | 29252 | QualifyingDistributions |
| Applied To Year1 | 835 | AppliedToYear1 |
| Applied To Current Year | 19137 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 9280 | RemainingDistriFromCorpus |
| Total Corpus | 9280 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 9280 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 9280 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Joshua Abrams | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| CHABAD LUBAVITCH OF NW BERGEN COUNT | |||||||
| PO BOX 63 | FRANKLIN LAKES | NJ | 07417 | N/A | 509(a)(1) | Building Campaign | $18,000 |
| SADDLE RIVER VALLEY RESCUE SQUAD IN | |||||||
| PO BOX 253 | SADDLE RIVER | NJ | 07458 | N/A | 509(a)(1) | General Unrestricted | $50 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 18050 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $13,771 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $835 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $14,606 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 14606 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (4 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 1750 shares of EXELON CORPORATION EXC | 72310 | 75898 |
| 4000 shares of INTEL CORP INTC | 85520 | 97000 |
| 3000 shares of PUBLIC SVC ENTERPRISE GROUP INC. PEG | 95010 | 99030 |
| 2000 shares of TEXAS INSTRUMENTS INC. TXN | 65470 | 58220 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (6 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| Administrative Fees | 5077 | 5077 | |
| Administrative SetUp Fee | 4750 | 4750 | |
| Bank Charges | 100 | 100 | |
| Delaware Incorporation Fees | 500 | 500 | |
| IRS Application Fees | 850 | 850 | |
| State or Local Filing Fees | 25 | 25 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Estimated Tax for 2011 | Category |
| Amount | $700 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Comments