2024-11-15T07:30:42-06:00 2023-12-31 363168081 SIKICH LLC 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2023-01-01 371535341 MBI REAL ESTATE MBIR 3306551366 10 W STREETSBORO 200 HUDSON OH 44236 RICK KELLAR PRESIDENT 3306551366 2024-11-14 1 0 JILL M BOYLE CPA P01246734 3308646661 2024-11-12 2023 2024-10-15 13:58:12Z RICK KELLAR 10 W STREETSBORO 200 HUDSON OH 44236 8077 0 X N/A X 2007 OH EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE AMOUNT LESS EXPENSES TO ITS PARENT, THE MARGARET CLARK MORGAN FOUNDATION. 3 0 0 0 0 0 0 0 0 0 1091194 8077 -116136 -55240 975058 -47163 0 0 0 0 0 0 0 0 0 0 0 0 0 975058 -47163 7240288 9897913 368094 0 6872194 9897913 THE CORPORATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSEES TO ITS PARENT ORGANIZATION, THE MARGARET CLARK MORGAN FOUNDATION. 0 0 HOLD TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X LUCINDA ABSHIRE 3306551366 10 W STREETSBORO 200 HUDSON OH 44236 RICK KELLAR PRESIDENT 2.00 60.00 X X 0 326052 48130 ROBERT KALLSTROM TRUSTEE 1.00 15.00 X 0 28000 0 WILLIAM MCGRAW TRUSTEE 1.00 15.00 X 0 28000 0 0 382052 48130 0 0 1 0 0 8077 8077 55240 -55240 -55240 -55240 -47163 -55240 0 8077 0 3983491 1282284 33493 4585 8652544 41500 3223304 8611044 7240288 9897913 368094 0 368094 0 X 6872194 9897913 6872194 9897913 7240288 9897913 X -47163 3072882 X 0 1 X 1 0 323845 323845 1048418 41500 1006918 7280281 7280281 8611044 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A). THE ORGANIZATION IS SUBJECT TO FEDERAL EXCISE TAX ON CERTAIN PORTIONS OF ITS INVESTMENT INCOME. MBI IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. THE FOUNDATION AND MBI REAL ESTATE FOLLOW GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER UNCERTAIN TAX POSITIONS. THE FOUNDATION'S RETURN FOR TAX YEARS 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 0 0 0 RICK KELLAR PRESIDENT 0 326052 0 0 0 0 0 9782 0 38348 0 374182 0 0 PART I, LINE 3 RELATED ENTITY UTILIZES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, AND OVERALL APPROVAL BY THE ENTIRE BOARD TO DETERMINE THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO OTHER COMMITTEES. IF OTHER COMMITTEES ARE CONVENED, DOCUMENTATION WILL BE MAINTAINED. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE DISTRIBUTED TO THE GOVERNING BODY, OR DESIGNEE OF THE GOVERNING BODY, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF DISCLOSURES AND LEGAL COUNSEL BRIEFING/TRAINING ARE HELD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 MBI DOES NOT PAY ANY OFFICERS OR EMPLOYEES. HOWEVER, THE BOARD OF A RELATED ENTITY UTILIZES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, AND OVERALL APPROVAL BY THE ENTIRE BOARD TO DETERMINE THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT ACCESS IS LIMITED TO WHAT IS REQUIRED BY LAW, AND WOULD BE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER 3,072,882. THE MARGARET CLARK MORGAN FOUNDATION 10 W STREETSBORO 200 HUDSON OH 44236 341948246 FOUNDATION OH 501(C)(3) PF N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0