MORSELIFE FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MORSELIFE FOUNDATION INC (EIN 59-2774476)
- Tax period
- 2009-06-01 to 2010-05-31
- Filed
- 2011-01-17
- IRS object ID
- 201110179349300211
- Schema version
- 2009v1.7
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-01-17T11:06:51-06:00 | Timestamp |
| Tax Period End Date | 2010-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moore Stephens Lovelace P A | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14400 NW 77th Court Suite 306 | AddressLine1 |
| City | Miami Lakes | City |
| State | FL | State |
| ZIP Code | 33016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592774476 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MorseLife Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MORS | NameControl |
| Phone | 5616875753 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4847 Fred Gladstone Drive | AddressLine1 |
| City | West Palm Beach | City |
| State | FL | State |
| ZIP Code | 33417 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Hong Chae | Name |
| Title | Senior Vice President/CFO | Title |
| Phone | 5616875753 | Phone |
| Date Signed | 2011-01-17 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kurt A Alter CPA | Name |
| Phone | 3058199555 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Keith A Myers | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4847 Fred Gladstone Drive | AddressLine1 |
| City | West Palm Beach | City |
| State | FL | State |
| ZIP Code | 33417 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4001749 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.morselife.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | The 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 entities | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1473232 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3619673 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2264426 | InvestmentIncomePriorYear |
| Investment Income Current Year | 382076 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -791194 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4001749 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 114207 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 99613 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2331357 | OtherExpensePriorYear |
| Other Expenses Current Year | 1984496 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2445564 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2084109 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3236758 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1917640 | RevenuesLessExpensesCY |
| Total Assets BOY | 34209329 | TotalAssetsBOY |
| Total Assets EOY | 43686260 | TotalAssetsEOY |
| Total Liabilities BOY | 15768441 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 21373083 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 18440888 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22313177 | NetAssetsOrFundBalancesEOY |
| Mission Description | The 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 entities | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1606842 | Expense |
| Description | The 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 Expense | 1606842 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Karin Davidson | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5612096108 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4847 Fred Gladstone Drive | AddressLine1 |
| City | West Palm Beach | City |
| State | FL | State |
| ZIP Code | 33417 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Arthur S Loring | |||||||||
| President | 2.00 | X | X | 0 | 0 | 0 | |||
| Stanley M Katz | |||||||||
| Vice President | 2.00 | X | X | 0 | 0 | 0 | |||
| Stanley Brenner | |||||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | |||
| Norman P Goldblum | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Terri Sriberg | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Herbert B Platzner | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Beatrice Bloch | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Roy Apple | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Alan Curtis | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| David Markin | |||||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||||
| Keith Myers | |||||||||
| Chief Executive Officer | 8.00 | X | 0 | 580445 | 48822 | X | |||
| Mary Alice Pappas | |||||||||
| Senior Vice President | 40.00 | 0 | 246026 | 21654 | X | ||||
| Lisa Desmarteau | |||||||||
| Sr. VP & Chief Financial | 8.00 | 0 | 272694 | 22772 | X | ||||
| Drew Gackenheimer | |||||||||
| Former Exec. Vice Pres. | 31878 | 150000 | 0 | X | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 31878 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1249165 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 93248 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Perkins Eastman Architects | |||||
| 115 Fifth Avenue | New York | NY | 10003 | Architect | 722887 |
| Wilesmith Advertising Design | |||||
| 319 Clematis Street Suite 710 | West Palm Beach | FL | 33401 | Advertising | 102651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 3619673 | AllOtherContributions |
| Total Contributions | 3619673 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 325493 | TotalRevenueColumn |
| Exclusion | $325,493 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 56583 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 56583 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 56583 | TotalRevenueColumn |
| Exclusion | $56,583 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4001749 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $382,076 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99613 | Total |
| Program Services | 99613 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120000 | Total |
| Management And General | 120000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19500 | Total |
| Management And General | 19500 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89251 | Total |
| Management And General | 89251 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1129 | Total |
| Management And General | 1129 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1057 | Total |
| Management And General | 1057 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 627778 | Total |
| Program Services | 627778 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7800 | Total |
| Program Services | 7800 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Fundraising expense | 653406 | 653406 | |
| Loss on future developm | 218245 | 218245 | |
| Strategic planning | 165618 | 165618 | |
| Miscellaneous | 42576 | 42576 | |
| Executive separation an | 19750 | 19750 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18386 | Total |
| Management And General | 18386 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2084109 | Total |
| Program Services | 1606842 | ProgramServices |
| Management And General | 477267 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2976348 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3803761 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5664117 | BOY |
| EOY | 6801332 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56435 | BOY |
| EOY | -46348 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3199212 | BOY |
| EOY | 3636192 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 161794 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 42899 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126695 | BOY |
| EOY | 118895 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20969540 | BOY |
| EOY | 29858324 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156000 | BOY |
| EOY | 156000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233569 | BOY |
| EOY | 185517 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34209329 | BOY |
| EOY | 43686260 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 656440 | BOY |
| EOY | 527040 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12962932 | BOY |
| EOY | 18652312 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2149069 | BOY |
| EOY | 2193731 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15768441 | BOY |
| EOY | 21373083 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13972395 | BOY |
| EOY | 17030458 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3838493 | BOY |
| EOY | 4652719 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 630000 | BOY |
| EOY | 630000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18440888 | BOY |
| EOY | 22313177 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34209329 | BOY |
| EOY | 43686260 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1179557 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4572299 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2293808 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1483385 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3619673 | CurrentTaxYear |
| Total | 13148722 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1179557 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4572299 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2293808 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1483385 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3619673 | CurrentTaxYear |
| Total | 13148722 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 4789103 | AmountsSubstContributorsTotal |
| Public Support Total170 | 8359619 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 887361 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1024545 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1075164 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 780500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 325493 | CurrentTaxYear |
| Total | 4093063 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 17241785 | TotalSupport |
| Public Support Pertcentage170 | 0.48480 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.38790 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 161794 | OtherCostOrOtherBasis |
| Depreciation | 42899 | Depreciation |
| Book Value | 118895 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 118895 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS | Description |
| Book Value | 29858324 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 29858324 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Annuities payable | Description |
| Amount | $2,193,731 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2193731 | TotalOfAmounts |
| Total Revenue | 4001749 | TotalRevenue |
| Total Expenses | 2084109 | TotalExpenses |
| Excess Or Deficit For Year | 1917640 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1954650 | NetUnrealizedGLOnInvestments |
| Other | -$1 | OtherAmount |
| Total Adjustments | 1954649 | TotalAdjustments |
| Excess Or Deficit Per FS | 3872289 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5956398 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1954650 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1954650 | RevenueNotRptdF990 |
| Revenue Subtotal | 4001748 | RevenueSubtotal |
| Other Revenues Not Included | 1 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4001749 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2084109 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2084109 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2084109 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XI, Line 8 - Other Adjustments: | Rounding |
| Part XII, Line 4b - Other Adjustments: | Rounding: 1. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Lola & Saul Kramer Senior Services Agency Inc | |||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 592753822 | 501(c)(3) | 64014 | To 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 Drive | West Palm Beach | FL | 33417 | 501(c)(3) | 12056 | To provide funding to related tax-exempt affiliates. | |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Keith Myers | |||||||||||||
| 0 | 493518 | 0 | 50000 | 0 | 36927 | 0 | 30000 | 0 | 18822 | 0 | 629267 | 0 | 0 |
| Mary Alice Pappas | |||||||||||||
| 0 | 246026 | 0 | 0 | 0 | 0 | 0 | 3995 | 0 | 17659 | 0 | 267680 | 0 | 0 |
| Lisa Desmarteau | |||||||||||||
| 0 | 272694 | 0 | 0 | 0 | 0 | 0 | 6412 | 0 | 16360 | 0 | 295466 | 0 | 0 |
| Drew Gackenheimer | |||||||||||||
| 31878 | 0 | 0 | 0 | 0 | 150000 | 0 | 0 | 0 | 0 | 31878 | 150000 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 4a | Drew Gackenheimer, $150,000 |
| Part I, Line 5 | See Schedule O. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | E Drew Gackenheimer | NamePerson |
| Purpose Of Loan | Severance pay | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $1,058,372 | OriginalPrincipalAmount |
| Balance Due | 487040 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 487040 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | MorseLife, Inc is the sole member of the MorseLife Foundation, Inc. |
| Form 990, Part VI, Section A, line 7a | MorseLife, Inc is the sole member of the MorseLife Foundation, Inc. |
| Form 990, Part VI, Section A, line 7b | MorseLife, 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 11 | An 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 the website www.guidestar.org. |
| Form 990, Part VI, Section B, line 12c | The organization requires all Board members to submit a newly completed 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 Senior Vice President of Finance to ensure that there are no inadvertent conflicts of interest. |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|
| The Tradition of the Palm Beaches Inc | ||||||||||
| 4920 Loring Drive | West Palm Beach | FL | 33417 | 650888855 | See Schedule O. | FL | 501(c)(3) | 9 | MorseLife Inc | |
| Nearly New Thrift Shop of Morse Geriatric Center | ||||||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 592533256 | Raises funds to support affiliated tax-exempt entities. | FL | 501(c)(3) | 11 | MorseLife Inc | |
| MorseLife Inc | ||||||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 650018299 | See Schedule O. | FL | 501(c)(3) | n/a | N/A | |
| Joseph L Morse Geriatric Center Inc | ||||||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 592120896 | Owns and operates of a 280 bed skilled nursing facility | FL | 501(c)(3) | 9 | MorseLife Inc | |
| Lola & Saul Kramer Senior Services Agency Inc | ||||||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 592753822 | Provides home health, adult day care, and other services to seniors | FL | 501(c)(3) | 9 | MorseLife Inc | |
| Friends of MorseLife Inc | ||||||||||
| 4847 Fred Gladstone Drive | West Palm Beach | FL | 33417 | 650329966 | Raises funds to support affiliated tax-exempt entities. | FL | 501(c)(3) | 7 | MorseLife Inc | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (17 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Friends of MorseLife Inc | |
| C | 600000 |
| Joseph L Morse Geriatric Center Inc | |
| E | 14719129 |
| The Tradition of the Palm Beaches inc | |
| E | 2491862 |
| Friends of MorseLife Inc | |
| E | 402987 |
| Lola & Saul Kramer Senior Services Agency Inc | |
| E | 1038334 |
| Lola & Saul Kramer Senior Services Agency Inc | |
| B | 52344 |
| Lola & Saul Kramer Senior Services Agency Inc | |
| D | 11670 |
| The Tradition of the Palm Beaches inc | |
| D | 12056 |
| Joseph L Morse Geriatric Center Inc | |
| O | 447285 |
| The Tradition of the Palm Beaches inc | |
| J | 12750 |
| Joseph L Morse Geriatric Center Inc | |
| N | 120000 |
| Friends of MorseLife Inc | |
| Q | 21088 |
| The Tradition of the Palm Beaches inc | |
| Q | 89654 |
| Joseph L Morse Geriatric Center Inc | |
| Q | 471220 |
| Lola & Saul Kramer Senior Services Agency Inc | |
| Q | 21723 |
| Joseph L Morse Geriatric Center Inc | |
| E | 66412 |
| Friends of MorseLife Inc | |
| E | 3663 |
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