2011-01-17T11:06:51-06:00 2010-05-31 Moore Stephens Lovelace P A 14400 NW 77th Court Suite 306 Miami Lakes FL 33016 990 2009-06-01 592774476 MorseLife Foundation Inc MORS 5616875753 4847 Fred Gladstone Drive West Palm Beach FL 33417 Hong Chae 5616875753 2011-01-17 1 Kurt A Alter CPA 3058199555 2009 2016-02-24 21:20:13Z Keith A Myers 4847 Fred Gladstone Drive West Palm Beach FL 33417 4001749 0 X www.morselife.org X 1987 FL 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 10 10 0 14 0 0 1473232 3619673 0 -2264426 382076 0 -791194 4001749 114207 99613 0 0 0 0 2331357 1984496 2445564 2084109 -3236758 1917640 34209329 43686260 15768441 21373083 18440888 22313177 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 0 0 1606842 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. 1606842 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X X Karin Davidson 5612096108 4847 Fred Gladstone Drive West Palm Beach FL 33417 Arthur S Loring 2.00 X X 0 0 0 Stanley M Katz 2.00 X X 0 0 0 Stanley Brenner 2.00 X X 0 0 0 Norman P Goldblum 2.00 X 0 0 0 Terri Sriberg 2.00 X 0 0 0 Herbert B Platzner 2.00 X 0 0 0 Beatrice Bloch 2.00 X 0 0 0 Roy Apple 2.00 X 0 0 0 Alan Curtis 2.00 X 0 0 0 David Markin 2.00 X 0 0 0 Keith Myers 8.00 X X 0 580445 48822 Mary Alice Pappas 40.00 X 0 246026 21654 Lisa Desmarteau 8.00 X 0 272694 22772 Drew Gackenheimer X 31878 150000 0 31878 1249165 93248 0 1 1 0 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 2 3619673 3619673 325493 325493 56583 56583 56583 56583 4001749 0 0 382076 99613 99613 120000 120000 19500 19500 89251 89251 1129 1129 1057 1057 627778 627778 7800 7800 Fundraising expense 653406 653406 Loss on future developm 218245 218245 Strategic planning 165618 165618 Miscellaneous 42576 42576 Executive separation an 19750 19750 18386 18386 2084109 1606842 477267 0 2976348 3803761 5664117 6801332 56435 -46348 3199212 3636192 161794 42899 126695 118895 20969540 29858324 156000 156000 233569 185517 34209329 43686260 656440 527040 12962932 18652312 2149069 2193731 15768441 21373083 X 13972395 17030458 3838493 4652719 630000 630000 18440888 22313177 34209329 43686260 X 0 1 0 X 0 X 1179557 4572299 2293808 1483385 3619673 13148722 1179557 4572299 2293808 1483385 3619673 13148722 4789103 8359619 887361 1024545 1075164 780500 325493 4093063 17241785 0.48480 0.38790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161794 42899 118895 118895 INVESTMENTS 29858324 C 29858324 Annuities payable 2193731 2193731 4001749 2084109 1917640 1954650 -1 1954649 3872289 5956398 1954650 1954650 4001748 1 1 4001749 2084109 0 2084109 0 2084109 Part XI, Line 8 - Other Adjustments: Rounding Part XII, Line 4b - Other Adjustments: Rounding: 1. 1 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. 1 0 0 0 0 0 0 0 0 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 Part I, Line 4a Drew Gackenheimer, $150,000 Part I, Line 5 See Schedule O. E Drew Gackenheimer Severance pay X 1058372 487040 0 1 1 487040 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. 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 0 1 1 1 1 0 0 0 0 1 0 0 0 1 1 0 1 0 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