2024-09-12T15:40:57-05:00 2024-06-30 420714325 RSM US LLP 4622 Pennsylvania Ave Ste 1100 Kansas City MO 64112 990 2023-07-01 471592912 The Morse Foundation MORS 8313332215 3000 Club Road Pebble Beach CA 93953 Joan Hoover Secretary/Treasurer 8313332215 2024-09-10 1 1 Kevin Ensminger P01310558 8167533000 2024-09-10 2023 2024-08-08 14:25:15Z Chris Baumgart 3000 Club Road Pebble Beach CA 93953 697043 0 X www.mpccpb.org X 2014 CA The Morse Foundation provides scholarships to Monterey Peninsula Country Club community, including their employees and family members to promote learning and enhance the quality of life. 9 9 0 9 0 0 352685 549595 0 0 45421 141428 10000 6020 408106 697043 166091 161445 0 0 0 0 0 0 0 29211 21593 195302 183038 212804 514005 1462071 2040448 0 0 1462071 2040448 X See Schedule O. 0 0 161445 161445 6020 The Morse Foundation provides scholarships to Monterey Peninsula Country Club community, including their employees and family members to promote learning and enhance the quality of life. The foundation approved 28 applicants to receive scholarships. 161445 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Brad Spencer 8313332215 3000 Club Road Pebble Beach CA 93953 X Chris Baumgart President 2.00 X X 0 0 0 Hector Topete Vice President 2.00 X X 0 0 0 Joan Hoover Secretary/Treasurer 2.00 X X 0 0 0 Bob Axley Director 2.00 X 0 0 0 Jim Anderson Director 2.00 X 0 0 0 Tonya Antle Director 2.00 X 0 0 0 Marion Bottomley Director 2.00 X 0 0 0 Mary Brislin Director until 11/30/23 2.00 X 0 0 0 Wallace Gordon Director 2.00 X 0 0 0 Melissa Johnson Director until 11/30/23 2.00 X 0 0 0 Tom MacMichael Director until 11/30/23 2.00 X 0 0 0 Kim Negri Director 2.00 X 0 0 0 Gerald Reed Director until 11/30/23 2.00 X 0 0 0 0 0 0 0 0 0 0 0 549595 549595 53588 53588 87840 0 87840 87840 87840 PY Refunded Grant 900099 6020 6020 6020 697043 6020 0 141428 161445 161445 368 368 3260 3260 1798 1798 15244 15244 923 923 183038 161445 21593 0 26624 29628 1434985 2009859 462 961 1462071 2040448 0 0 X 1462071 2040448 1462071 2040448 1462071 2040448 514005 64372 0 X 0 0 0 X 238500 250100 271400 352685 549595 1662280 238500 250100 271400 352685 549595 1662280 1247580 414700 75556 36038 40960 45421 53588 251563 5000 625 10000 6020 21645 1935488 0.21430 0.15930 X Schedule A, Part II, Line 10, Explanation of Other Income: Prior Year Grant Refund - 2019 Amount: $ 5,000. 2020 Amount: $ 625. 2022 Amount: $ 10,000. 2023 Amount: $ 6,020. Part II Line 17A The organization meets the facts-and-circumstances test in Regulations section 1.170A-9(f)(3). The organization demonstrated a greater than 10 percent public support calculation on Schedule A, Pt. II for tax years 2023 and 2022. The organization receives support from the general public and the Monterey Peninsula Foundation, an organization exempt under 509(a)(2). The governing body provides scholarships to MPCC employees and their family members to promote learning and enhance their quality of life through personal and professional growth as they may face significant financial burden due to the cost of undergraduate college education. Part II, line 17a - Fundraising Plan Morse Foundation Fundraising Plan 1. Purpose of the plan: to build towards an endownment that will enable The Morse Foundation to reliably provide scholarships to MPCC employees and their children consistent with the mission. 2. Goals and Objectives: A. To increase the current fund amount of $1.8 million to $5 million within the next 10 years. B. To have the capacity to fund scholarship needs of an increased applicant base from fund income. 3. Assumptions: A. The current Monterey Peninsula Foundation funding is expected to change after 2024. B. MPCC members will demonstrate stronger support for MPCC employees and their families if there is increased communication and outreach explaining the good work of The Morse Foundation. C. The plan will be clearly differentiated from the year-end MPCC employee appreciation fund. 4. Donor Base: Monterey Peninsula Foundation funds (interim) and donations from MPCC members. 5. Fundraising Vehicles: MPCC website; MPCC newsletters, in-person donor briefings/meetings; etc. 6. Fundraising Tactics: individual MPCC member/donor fundraising; direct marketing events at MPCC; online fundraising (MPCC website); planned giving and estate gifting campaigns; etc. 7. Members increased contributing direct donations to the Morse Foundation starting in 2023. Direct donations forecasted to end calendar year 2024 at $300,000. 8. Public support minimum percentage is expected to be achieved by 6/30/26. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 Scholarship Grants 28 161445 FMV Part I, Line 2: The Morse Foundation reviews all applications and has so far only received applicants for domestic schooling situations. Form 990, Part III, Line 1, Description of Organization Mission: The Morse Foundation has been established to provide scholarships for Monterey Peninsula Country Club employees and their family members to promote learning and enhance their quality of life through personal and professional growth as they may face significant financial burdens due to the cost of college and vocational education. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the President and the Secretary/Treasurer before filing in its entirety. Form 990, Part VI, Section B, line 12c The policy is reviewed and approved at the January meeting. The Board would review any potential or actual conflicts and determine if further action is necessary. Form 990, Part VI, Section C, line 19 The governing documents of the organization are available for the public to review at the corporate offices of the organization for the same period of disclosure as set forth in IRC Section 6104(D).