MORSELIFE FOUNDATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
MORSELIFE FOUNDATION INC (EIN 59-2774476)
Tax period
2010-06-01 to 2011-05-31
Filed
2012-03-14
IRS object ID
201230749349300603
Schema version
2010v3.4
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)
Timestamp2012-03-14T07:41:58-05:00Timestamp
Tax Period End Date2011-05-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MOORE STEPHENS LOVELACE P ABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line114400 NW 77TH COURT SUITE 306AddressLine1
CityMIAMI LAKESCity
StateFLState
ZIP Code33016ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-06-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN592774476EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MORSELIFE FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMORSNameControl
Phone5616875753Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line14847 FRED GLADSTONE DRIVEAddressLine1
CityWEST PALM BEACHCity
StateFLState
ZIP Code33417ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameHONG CHAEName
TitleSENIOR VICE PRESIDENT/CFOTitle
Phone5616875753Phone
Date Signed2012-03-14DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLAWRENCE SCHIFF CPAName
Phone3058199555Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKEITH A MYERSNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line14847 FRED GLADSTONE DRIVEAddressLine1
CityWEST PALM BEACHCity
StateFLState
ZIP Code33417ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3183357GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.MORSELIFE.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1987YearFormation
State Legal DomicileFLStateLegalDomicile
Activity Or Mission DescriptionTHE MORSELIFE FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATION AND SCIENTIFIC PURPOSES TO SUPPORT AND ENCOURAGE HEALTH CARE SERVICES THROUGH PROVIDING FINANCIAL AND MANAGEMENT ASSISTANCE TO MORSELIFE RELATED ENTITIES. THE FOUNDATION FULFILLS THIS PURPOSE BY:- SUPERVISING AND CONDUCTING FUNDRAISING FOR CAPITAL EXPANSION OF THE MORSELIFE ENTITIES- RAISING AND MANAGING ENDOWMENT FUNDS FOR THE BENEFIT OF MORSELIFE ENTITIES- PROVIDING INVESTMENT ADVISORY SERVICES TO MORSELIFE ENTITIES- PERFORMING PUBLIC RELATIONS WORK ON BEHALF OF MORSELIFE ENTITIESActivityOrMissionDescription
Nbr Voting Members Governing Body11NbrVotingMembersGoverningBody
Nbr Independent Voting Members11NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers15TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year3619673ContributionsGrantsPriorYear
Contributions Grants Current Year2192107ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year382076InvestmentIncomePriorYear
Investment Income Current Year991250InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year4001749TotalRevenuePriorYear
Total Revenue Current Year3183357TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year99613GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY110373GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year1984496OtherExpensePriorYear
Other Expenses Current Year2037923OtherExpensesCurrentYear
Total Expenses Prior Year2084109TotalExpensesPriorYear
Total Expenses Current Year2148296TotalExpensesCurrentYear
Revenues Less Expenses Prior Year1917640RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1035061RevenuesLessExpensesCY
Total Assets BOY43686260TotalAssetsBOY
Total Assets EOY52207695TotalAssetsEOY
Total Liabilities BOY21373083TotalLiabilitiesBOY
Total Liabilities EOY25605969TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY22313177NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY26601726NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE MORSELIFE FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATION AND SCIENTIFIC PURPOSES TO SUPPORT AND ENCOURAGE HEALTH CARE SERVICES THROUGH PROVIDING FINANCIAL AND MANAGEMENT ASSISTANCE TO MORSELIFE RELATED ENTITIES. THE FOUNDATION FULFILLS THIS PURPOSE BY:- SUPERVISING AND CONDUCTING FUNDRAISING FOR CAPITAL EXPANSION OF THE MORSELIFE ENTITIES- RAISING AND MANAGING ENDOWMENT FUNDS FOR THE BENEFIT OF MORSELIFE ENTITIES- PROVIDING INVESTMENT ADVISORY SERVICES TO MORSELIFE ENTITIES- PERFORMING PUBLIC RELATIONS WORK ON BEHALF OF MORSELIFE ENTITIESMissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1703783Expense
DescriptionTHE ORGANIZATION SOLICITS AND COLLECTS FUNDS FOR THE BENEFIT OF ITS AFFILIATED TAX-EXEMPT ENTITIES. THE FUNDS ARE GIVEN TO THE AFFILIATES IN SUPPORT OF THEIR TAX-EXEMPT PURPOSE OF PROVIDING SENIOR LIVING ACCOMODATIONS AND HEALTH SERVICES.Description
Total Program Service Expense1703783TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP1LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10969NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members11NbrVotingGoverningBodyMembers
Number Independent Voting Members11NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledFLStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1KARIN DAVIDSONBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5612096108TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line14847 FRED GLADSTONE DRIVEAddressLine1
CityWEST PALM BEACHCity
StateFLState
ZIP Code33417ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
ARTHUR S LORING
PRESIDENT2.00XX000
STANLEY M KATZ
VICE PRESIDENT2.00XX000
STANLEY BRENNER
SECRETARY2.00XX000
DAVID MARKIN
TREASURER2.00XX000
TERRI SRIBERG
DIRECTOR2.00X000
BEATRICE BLOCH
DIRECTOR2.00X000
ROY APPLE
DIRECTOR2.00X000
ALAN CURTIS
DIRECTOR2.00X000
NORMAN P GOLDBLUM
DIRECTOR2.00X000
EDWIN LEVINE
DIRECTOR2.00X000
RICHARD ROTHSCHILD
DIRECTOR2.00X000
KEITH MYERS
CHIEF EXECUTIVE OFFICER8.00X070991246802
HONG CHAE
SR. VP & CHIEF FINANCIAL OFFICER8.00X0875922539
MARY ALICE PAPPAS
SENIOR VICE PRESIDENT40.00025415625667X
LISA DESMARTEAU
FORMER SR. VP & CHIEF FINANCIAL OFFICER0.00014759212242X
DREW GACKENHEIMER
FORMER EXECUTIVE VICE PRESIDENT0.001534800X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs1199252TotalReportableCompFrmRltdOrgs
Total Other Compensation87250TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed1FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
PERKINS EASTMAN ARCHITECTS PC
115 FIFTH AVENUENEW YORKNY10003ARCHITECT967738
WILESMITH ADVERTISING DESIGN
319 CLEMATIS STREET SUITE 710WEST PALM BEACHFL33401ADVERTISING111557
FieldValueIRS element (for citing)
Number Of Contractors GT100 K2NumberOfContractorsGT100K
All Other Contributions2192107AllOtherContributions
Total Contributions2192107TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column378374TotalRevenueColumn
Exclusion$378,374ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities612876Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities612876Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column612876TotalRevenueColumn
Exclusion$612,876ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3183357TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$991,250ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total110373Total
Program Services110373ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total300000Total
Management And General300000ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total1062Total
Management And General1062ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total37980Total
Management And General37980ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total79045Total
Management And General79045ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4079Total
Management And General4079ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total5077Total
Management And General5077ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total850024Total
Program Services850024ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total7888Total
Program Services7888ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
FUNDRAISING EXPENSE739527739527
BANK CHARGES1678816788
DUES AND SUBSCRIPTIONS14691469
MISCELLANEOUS10401040
EXECUTIVE SEPARATION AN105105

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total-6161Total
Program Services-4029ProgramServices
Management And General-2132ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2148296Total
Program Services1703783ProgramServices
Management And General444513ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY2976348BOY
EOY566968EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY6801332BOY
EOY4688836EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY-46348BOY
EOY0EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY3636192BOY
EOY1823EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis163031LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec50698LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY118895BOY
EOY112333EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY29858324BOY
EOY41755871EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY156000BOY
EOY156000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY185517BOY
EOY4925864EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY43686260BOY
EOY52207695EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY527040BOY
EOY387757EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY18652312BOY
EOY22844296EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY2193731BOY
EOY2373916EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY21373083BOY
EOY25605969EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY17030458BOY
EOY21377001EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4652719BOY
EOY4594725EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY630000BOY
EOY630000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY22313177BOY
EOY26601726EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY43686260BOY
EOY52207695EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses1035061ReconcilationRevenueExpenses
Reconcilation Other Changes3253488ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4572299CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2293808CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1483385CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3619673CurrentTaxYearMinus1Year
Current Tax Year2192107CurrentTaxYear
Total14161272Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4572299CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2293808CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1483385CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3619673CurrentTaxYearMinus1Year
Current Tax Year2192107CurrentTaxYear
Total14161272Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total7942485AmountsSubstContributorsTotal
Public Support Total1706218787PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1024545CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1075164CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years780500CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year325493CurrentTaxYearMinus1Year
Current Tax Year378374CurrentTaxYear
Total3584076Total
FieldValueIRS element (for citing)
Total Support17745348TotalSupport
Public Support Pertcentage1700.35040PublicSupportPertcentage170
Public Support Pertcent Prior Year0.48480PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis163031OtherCostOrOtherBasis
Depreciation50698Depreciation
Book Value112333BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings112333TotalOfBookValueLandBuildings

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionINVESTMENTSDescription
Book Value41755871BookValue
Method Of ValuationCMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities41755871TotalOfBookValueSecurities

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBook ValueBookValue
ACCRUED INTEREST RECEIVABLE25809
CASH SURRENDER VALUE OF LIFE INSURA160227
DUE TO/FROM AFFILIATES13503
DEVELOPMENT COSTS4726325
FieldValueIRS element (for citing)
Total Book Value Other Assets4925864TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionANNUITIES PAYABLEDescription
Amount$2,373,916Amount
FieldValueIRS element (for citing)
Total Of Amounts2373916TotalOfAmounts
Total Revenue3183357TotalRevenue
Total Expenses2148296TotalExpenses
Excess Or Deficit For Year1035061ExcessOrDeficitForYear
Net Unrealized GL On Investments3253488NetUnrealizedGLOnInvestments
Total Adjustments3253488TotalAdjustments
Excess Or Deficit Per FS4288549ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt6436845TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments3253488NetUnrealizedGainsInvestments
Revenue Not Rptd F9903253488RevenueNotRptdF990
Revenue Subtotal3183357RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9903183357TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt2148296TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal2148296ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9902148296TotalExpensesPerForm990

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417592753822501(C)(3)68100TO PROVIDE FUNDING FOR THE MITZVAH AND MEALS ON WHEELS PROGRAM. THE FUNDING WAS FROM RESTRICTED CONTRIBUTIONS HELD BY THE FOUNDATION FOR THE PURPOSE OF FUNDING THESE TWO PROGRAMS.
VARIOUS RELATED AFFILIATES
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417501(C)(3)12100TO PROVIDE FUNDING TO RELATED TAX-EXEMPT AFFILIATES.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
KEITH MYERS
05231350150000036777030000016802075671400
MARY ALICE PAPPAS
025415600000000025415600
LISA DESMARTEAU
01128400003475200012242015983400

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 5ReturnReference
ExplanationSEE SCHEDULE O.Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable

FieldValueIRS element (for citing)
Name PersonE DREW GACKENHEIMERNamePerson
Purpose Of LoanSEVERANCE PAYPurposeOfLoan
Loan From OrganizationXLoanFromOrganization
Original Principal$1,058,372OriginalPrincipalAmount
Balance Due369281BalanceDue
Default0Default
Approved By Board1ApprovedByBoard
Written Agreement1WrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due369281TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 6MORSELIFE, INC. IS THE SOLE MEMBER OF THE MORSELIFE FOUNDATION, INC.
FORM 990, PART VI, SECTION A, LINE 7AMORSELIFE, INC. IS THE SOLE MEMBER OF THE MORSELIFE FOUNDATION, INC.
FORM 990, PART VI, SECTION A, LINE 7BMORSELIFE, INC. IS THE SOLE MEMBER OF THE MORSELIFE FOUNDATION, INC. AND, AS SUCH, ELECTS THE BOARD OF DIRECTORS AND HAS ULTIMATE VOTING AND VETO AUTHORITY OVER BOARD DECISIONS.
FORM 990, PART VI, SECTION B, LINE 11AN AUDIT, COMPLIANCE AND ETHICS COMMITTEE, COMPOSED OF ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS FROM EACH OF THE MORSELIFE RELATED ORGANIZATIONS AND THE SENIOR VICE PRESIDENT OF FINANCE, IS RESPONSIBLE FOR THE REVIEW OF THE FORM 990 BEFORE IT IS FILED. THE TREASURER OF THE SOLE MEMBER CORPORATION, MORSELIFE, INC. IS THE CHAIRPERSON OF THE COMMITTEE. THIS COMMITTEE MEETS WITH THE OUTSIDE, INDEPENDENT AUDITORS A MINIMUM OF TWO TIMES PER YEAR. IT APPROVES THE AUDITED FINANCIAL STATEMENTS AND REVIEWS COMPLIANCE RELATED MATTERS ON A QUARTERLY BASIS. THE COMMITTEE IS RESPONSIBLE FOR THE DETAILED REVIEW OF ALL FORMS 990 FILED BY THE MORSE RELATED ENTITIES. THE FORM 990 IS MADE AVAILABLE, PRIOR TO IT BEING FILED, TO THE FULL BOARD OF DIRECTORS OF THE REPORTING ORGANIZATION. THE 990 IS ALSO AVAILABLE UPON REQUEST THROUGHOUT THE YEAR OR AT WWW.GUIDESTAR.ORG.
THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. BOARD MEMBERS WHO DO NOT ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WILL BE TEMPORARILY SUSPENDED FROM ANY VOTING BOARD ACTIVITY. THE STATEMENTS, WHEN COMPLETED AND RETURNED, ARE REVIEWED BY THE PRESIDENT TO ENSURE THAT THERE ARE NO INADVERTENT CONFLICTS OF INTEREST.FORM 990, PART VI, SECTION B, LINE 12C
MORSELIFE FOUNDATION, INC. IS AN ORGANIZATION CONTROLLED BY MORSELIFE, INC. MORSELIFE, INC.'S COMPENSATION COMMITTEE IS COMPRISED OF THE BOARD MEMBERS. THIS COMMITTEE IS RESPONSIBLE FOR THE SEARCH, SELECTION, CONTRACT NEGOTIATION, PERFORMANCE REVIEWS, BENEFITS, AND ANNUAL SALARY INCREASES OF THE PRESIDENT & CEO POSITION. THE INITIAL CONTRACT NEGOTIATIONS OF THE PRESIDENT & CEO POSITION WERE BASED ON THE COMMITTEE'S REVIEW OF SIMILAR ENTITIES COMPENSATION PACKAGES FOR THE TOP OFFICIAL BASED ON THOSE ENTITIES' PUBLISHED IRS FORM 990. IN ADDITION, THE COMPENSATION COMMITTEE SUBSCRIBES AND PARTICIPATES IN SEVERAL INDEPENDENT SALARY SURVEYS CONDUCTED BY NATIONAL ASSOCIATIONS & OTHER PROVIDER ENTITIES AND UTILIZES THE FINDINGS OF THESE SURVEYS TO ENSURE COMPARABILITY AND APPROPRIATENESS OF THE PRESIDENT/CEO COMPENSATION PACKAGE. THE COMMITTEE MEETS AT LEAST ANNUALLY TO CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT/CEO. PERFORMANCE IS BASED ON PREVIOUSLY ESTABLISHED METRICS AND BENCHMARKS AND THE ACHIEVEMENT OF THESE GOALS IS THE BASIS FOR FINANCIAL INCENTIVE, BONUS AND ANNUAL SALARY INCREASE. THE COMPENSATION COMMITTEE DOCUMENTS THEIR MEETINGS WITH WRITTEN MINUTES, AS WELL AS MEMOS TO THE SENIOR VICE PRESIDENT OF FINANCE, WITH INSTRUCTIONS REGARDING THE EXECUTIVE COMPENSATION. THE PRESIDENT & CEO OF THE ORGANIZATION IS RESPONSIBLE FOR THE COMPENSATION OF THE MEMBERS OF THE EXECUTIVE TEAM, INCLUDING THE SR. VICE PRESIDENTS AND CHIEF FINANCIAL OFFICER. ANNUAL INCREASES AND BASE SALARY AMOUNTS ARE COMPARED TO THE COMPENSATION PACKAGES FOR SIMILAR POSITIONS UTILIZING OTHER SIMILAR ENTITIES' PUBLISHED IRS FORM 990. IN ADDITION, INDEPENDENT SALARY SURVEYS CONDUCTED BY NATIONAL ASSOCIATIONS & OTHER PROVIDER ENTITIES ARE UTILIZED TO ENSURE COMPARABILITY AND APPROPRIATENESS. THE PRESIDENT & CEO REPORTS ON THE ANNUAL INCREASE, SALARY ADJUSTMENT, AND/OR CHANGE IN BENEFIT PACKAGE FOR THE EXECUTIVE TEAM MEMBERS TO THE COMPENSATION COMMITTEE MADE UP OF THE BOARD OF DIRECTORS.
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 3,253,488.FORM 990, PART XI, LINE 5:
OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANTTHE ORGANIZATION'S AUDIT, COMPLIANCE AND ETHICS COMMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT ACCOUNTING FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.FORM 990, PART XII, LINE 2C

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (6 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrgDirect Controlling Entity NADirectControllingEntityNA
THE TRADITION OF THE PALM BEACHES INC
4920 LORING DRIVEWEST PALM BEACHFL33417650888855SEE SCHEDULE O.FL501(C)(3)9MORSELIFE INC0
NEARLY NEW THRIFT SHOP OF MORSE GERIATRIC CENTER
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417592533256RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES.FL501(C)(3)11MORSELIFE INC0
MORSELIFE INC
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417650018299SEE SCHEDULE O.FL501(C)(3)N/A0N/A
JOSEPH L MORSE GERIATRIC CENTER INC
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417592120896OWNS AND OPERATES OF A 280 BED SKILLED NURSING FACILITYFL501(C)(3)9MORSELIFE INC0
LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417592753822PROVIDES HOME HEALTH, ADULT DAY CARE, AND OTHER SERVICES TO SENIORSFL501(C)(3)9MORSELIFE INC0
FRIENDS OF MORSELIFE INC
4847 FRED GLADSTONE DRIVEWEST PALM BEACHFL33417650329966RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES.FL501(C)(3)7MORSELIFE INC0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org1GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org1LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org1OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
JOSEPH L MORSE GERIATRIC CENTER INC
E16682863
THE TRADITION OF THE PALM BEACHES INC
E4154468
LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC
E979070
LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC
B54597
JOSEPH L MORSE GERIATRIC CENTER INC
M445872
JOSEPH L MORSE GERIATRIC CENTER INC
N300000
THE TRADITION OF THE PALM BEACHES INC
Q121821
JOSEPH L MORSE GERIATRIC CENTER INC
Q634733
LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC
Q65861
FRIENDS OF MORSELIFE INC
C1027500
FRIENDS OF MORSELIFE INC
P73556

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