MORRISON FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
MORRISON FOUNDATION (EIN 06-1666780)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-05-31
IRS object ID
201101519349100755
Schema version
2010v3.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-31T15:58:59-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MAY AND COMPANY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 821568AddressLine1
CityVICKSBURGCity
StateMSState
ZIP Code391821568ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061666780EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MORRISON FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMORRNameControl
Phone6016362471Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11200 GROVE STREETAddressLine1
CityVICKSBURGCity
StateMSState
ZIP Code39183ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameROBERT MORRISON IIIName
TitlePRESIDENTTitle
Phone6016362471Phone
Date Signed2011-05-24DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVE K SESSUMSName
Phone6016364762Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY29836FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss84052ContriReceivedRevAndExpnss
Dividends Rev And Expnss8DividendsRevAndExpnss
Dividends Net Invst Incm8DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses84060TotalRevenueAndExpenses
Total Net Investment Income8TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Other Expenses Rev And Expnss122OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss122TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss96000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps96000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss96122TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps96000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-12062ExcessOfRevenueOverExpenses
Net Investment Income8NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1110CashBOY
Cash EOY987CashEOY
Cash EOYFMV987CashEOYFMV
Investments Corp Stock BOY40788InvestmentsCorpStockBOY
Investments Corp Stock EOY28849InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV28849InvestmentsCorpStockEOYFMV
Total Assets BOY41898TotalAssetsBOY
Total Assets EOY29836TotalAssetsEOY
Total Assets EOYFMV29836TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY41898RetainedEarningsBOY
Retained Earnings EOY29836RetainedEarningsEOY
Total Net Assets BOY41898TotalNetAssetsBOY
Total Net Assets EOY29836TotalNetAssetsEOY
Total Liabilities Net Assets BOY41898TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY29836TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY41898TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-12062ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal29836Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY29836TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1100500QualifyingDistributionsYear1
Noncharitable Assets Year129619NoncharitableAssetsYear1
Distribution Ratio Year13.393092DistributionRatioYear1
Qualifying Distributions Year2233838QualifyingDistributionsYear2
Noncharitable Assets Year243104NoncharitableAssetsYear2
Distribution Ratio Year25.424972DistributionRatioYear2
Qualifying Distributions Year3196600QualifyingDistributionsYear3
Noncharitable Assets Year349575NoncharitableAssetsYear3
Distribution Ratio Year33.965709DistributionRatioYear3
Qualifying Distributions Year486100QualifyingDistributionsYear4
Noncharitable Assets Year431141NoncharitableAssetsYear4
Distribution Ratio Year42.764844DistributionRatioYear4
Qualifying Distributions Year5103850QualifyingDistributionsYear5
Noncharitable Assets Year5219NoncharitableAssetsYear5
Distribution Ratio Year5474.200913DistributionRatioYear5
Total Distribution Ratio489.749530TotalDistributionRatio
Average Distribution Ratio97.949906AverageDistributionRatio
Net Noncharitable Assets22999NetNoncharitableAssets
Adjusted Noncharitable Assets2252750AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One2252750AdjNonchrtblAssetsAndOnePct
Qualifying Distributions96000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithMSStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameDEWAYNE BREAZEALEBooksInCareOfPersonName
Books In Care Of Phone Number6016362471BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line14920 HIGHWAY 61 SOUTHAddressLine1
CityVICKSBURGCity
StateMSState
ZIP Code39180ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
ROBERT R MORRISON III
4920 HIGHWAY 61 SOUTHVICKSBURGMS39180PRESIDENT0.00000
PAUL COOPER MORRISON
4920 HIGHWAY 61 SOUTHVICKSBURGMS39180SECRETARY/TREASURER0.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1DONATION TO CRAWFORD STREET UNITED METHODIST CHURCHDescription1
Expenses125000Expenses1
Description2DONATION TO ST. ANDREWS EPISCOPAL CATHEDRALDescription2
Expenses236000Expenses2
Description3DONATION TO MILLSAPS COLLEGE LEADERSHIP FUNDDescription3
Expenses323000Expenses3
Description4DONATION TO HALEY BALL CHRISTIAN YOUTH FOUNDATIONDescription4
Expenses410000Expenses4

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1
Amount10Amount1
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities22302AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances1047AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets23349TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets23349AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable350CashDeemedCharitable
Net Noncharitable Assets22999NetNoncharitableAssets
Minimum Investment Return1150MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1150MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj1150DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1150DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1150DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions96000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions96000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions96000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1150DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year5103839ExcessDistriCarryoverYear5
Excess Distri Carryover Year484556ExcessDistriCarryoverYear4
Excess Distri Carryover Year3194166ExcessDistriCarryoverYear3
Excess Distri Carryover Year2231683ExcessDistriCarryoverYear2
Excess Distri Carryover Year199020ExcessDistriCarryoverYear1
Total Excess Distri Carryover713264TotalExcessDistriCarryover
Qualifying Distributions96000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1150AppliedToCurrentYear
Remaining Distri From Corpus94850RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus808114TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5103839ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year704275ExcessDistriCyovToNextYear
Excess From Year484556ExcessFromYear4
Excess From Year3194166ExcessFromYear3
Excess From Year2231683ExcessFromYear2
Excess From Year199020ExcessFromYear1
Excess From Current Year94850ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
CRAWFORD STREET UNITED METHODIST CHURCH
900 CRAWFORD STVICKSBURGMS39180NONENONE2010 PLEDGES$25,000
MILLSAPS COLLEGE
1701 N STATE STJACKSONMS39210NONENONEANNUAL FUND, LEGACY CAMPAIGN, CENTER OF MINISTRY, ET$23,000
ST ANDREWS EPISCOPAL CATHEDRAL
301 E CAPITOL STJACKSONMS39215NONENONEPLEDGE$36,000
UNITED WAY OF THE CAPITAL AREA
843 N PRESIDENT STREETJACKSONMS39202NONEMPME2011 CAMPAIGN DRIVE$2,000
HALEY BALL CHRISTIAN YOUTH FOUNDATION
102 LAKESIDE DRIVEVICKSBURGMS39180NONENONEPLEDGE$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year96000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income8RelatedOrExemptFunctionIncome

Other Revenue Described OtherRevenueDescribed

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUSDescription

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income8RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA8TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

FieldValueIRS element (for citing)
Line Number4LineNumber
Relationship StatementMISC INCOME REPRESENTS ACCRUED NONTAXABLE DIVIDENDS ON INVESTMENTS.ANY INVESTMENT INCOME IS INCIDENTAL TO THE PURPOSE OF THE FOUNDATION, AND IS USED TO FURTHER THE GOALS OF THE FOUNDATIONRelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1MORRISON SECURITIES PARTNERSBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line14920 HIGHWAY 61 SOUTHAddressLine1
CityVICKSBURGCity
StateMSState
ZIP Code39180ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions84052AggregateContributions
Person Contribution TypeXPersonContributionType

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockSTOCKNameOfStock
EOY Book Value28849EOYBookValue
EOYFMV28849EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
BANK SERVICE CHARGE12100
LICENSES & PERMITS100

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