Nonprofit · EIN 47-7016421
MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION
Also known as MICHAEL D CRAVER TTEE
Tax-exempt · CENTERVILLE, IA 52544
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,932,583 | $1,980,395 | -$47,812 | $15,957,081 | $184,359 | $15,772,722 |
| December 31, 2024 | 990-PF | $2,274,746 | $1,901,768 | $372,978 | $15,009,936 | $132,765 | $14,877,171 |
| December 31, 2023 | 990-PF | $1,280,364 | $2,047,823 | -$767,459 | $14,480,107 | $150,231 | $14,329,876 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,000
- Dividends
- $413,222
- Net gain from sales of assets
- $449,336
- Other income
- $606,225
Expenses
- Grants and similar amounts paid
- $182,000
- Compensation of officers, directors and key employees
- $193,580
- Salaries, compensation and benefits (total)
- $649,794
- Disbursements for charitable purposes
- $827,137
- Excise tax on investment income
- $10,948
Balance sheet and other
- Total assets, start of year
- $15,009,936
- Total assets, end of year
- $15,957,081
- Total liabilities, end of year
- $184,359
- Net assets, end of year
- $15,772,722
- Fair market value of assets
- $15,957,081
- Qualifying distributions
- $827,137
- Net investment income
- $859,129
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISON FRASER 217 N 13TH ST, CENTERVILLE, IA 52544 | CEO | 40 | $149,122 | $4,458 |
| LINDSEY VARESE 217 N 13TH ST, CENTERVILLE, IA 52544 | KITCHEN MANAGER Highest-paid employee | 40 | $63,266 | $1,883 |
| PENNY EXLINE 217 N 13TH ST, CENTERVILLE, IA 52544 | FRONT DESK MANAGER Highest-paid employee | 40 | $61,752 | $1,838 |
| BILL BUSS 217 N 13TH ST, CENTERVILLE, IA 52544 | CHAIR | 2 | $5,000 | $0 |
| ANN YOUNG 217 N 13TH ST, CENTERVILLE, IA 52544 | SECRETARY | 2 | $5,000 | $0 |
| JERRY KIRKPATRICK 217 N 13TH ST, CENTERVILLE, IA 52544 | TREASURER | 2 | $5,000 | $0 |
| THE IOWA TRUST AND SAVINGS BANK 217 N 13TH ST, CENTERVILLE, IA 52544 | CORPORATE TRUSTEE | 2 | $5,000 | $0 |
| MARIJO ALLEN 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JOHN SCHMIDT 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JUSTIN ZAPITUL 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| MIKE CRAVER 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JEFF YOUNG 217 N 13TH ST, CENTERVILLE, IA 52544 | VICE-CHAIR | 2 | $0 | $0 |
990-PF for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISON FRASER 217 N 13TH ST, CENTERVILLE, IA 52544 | CEO | 40 | $137,000 | $13,317 |
| LINDSEY VARESE 217 N 13TH ST, CENTERVILLE, IA 52544 | KITCHEN MANAGER Highest-paid employee | 40 | $57,543 | $2,777 |
| PENNY EXLINE 217 N 13TH ST, CENTERVILLE, IA 52544 | FRONT DESK MANAGER Highest-paid employee | 40 | $56,152 | $2,771 |
| KERRY MORLAN 217 N 13TH ST, CENTERVILLE, IA 52544 | SENIOR LINE COOK Highest-paid employee | 40 | $48,305 | $3,210 |
| MICHAEL CRAVER ESQ 217 N 13TH ST, CENTERVILLE, IA 52544 | CHAIR | 2 | $5,000 | $0 |
| BILL BUSS 217 N 13TH ST, CENTERVILLE, IA 52544 | VICE-CHAIR | 2 | $5,000 | $0 |
| ANN YOUNG 217 N 13TH ST, CENTERVILLE, IA 52544 | SECRETARY | 2 | $5,000 | $0 |
| THE IOWA TRUST AND SAVINGS BANK 217 N 13TH ST, CENTERVILLE, IA 52544 | CORPORATE TRUSTEE | 2 | $5,000 | $0 |
| JERRY KIRKPATRICK 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| MARIJO ALLEN 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JOHN SCHMIDT 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JUSTIN ZAPITUL 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JEFF YOUNG 217 N 13TH ST, CENTERVILLE, IA 52544 | TREASURER | 2 | $0 | $0 |
| VANESSA FRASER 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $0 | $0 |
| CONNIE STATER 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISON FRASER 217 N 13TH ST, CENTERVILLE, IA 52544 | CEO | 40 | $149,000 | $4,400 |
| LINDSEY VARESE 217 N 13TH ST, CENTERVILLE, IA 52544 | KITCHEN MANAGER Highest-paid employee | 40 | $58,405 | $2,400 |
| PENNY EXLINE 217 N 13TH ST, CENTERVILLE, IA 52544 | FRONT DESK MANAGER Highest-paid employee | 40 | $57,850 | $2,400 |
| KERRY MORLAN 217 N 13TH ST, CENTERVILLE, IA 52544 | SENIOR LINE COOK Highest-paid employee | 40 | $56,867 | $3,191 |
| MICHAEL CRAVER ESQ 217 N 13TH ST, CENTERVILLE, IA 52544 | CHAIR | 2 | $5,000 | $0 |
| FRANK REZNICEK 217 N 13TH ST, CENTERVILLE, IA 52544 | VICE-CHAIR | 2 | $5,000 | $0 |
| ANN YOUNG 217 N 13TH ST, CENTERVILLE, IA 52544 | SECRETARY | 2 | $5,000 | $0 |
| THE IOWA TRUST AND SAVINGS BANK 217 N 13TH ST, CENTERVILLE, IA 52544 | CORPORATE TRUSTEE/TREASURER | 2 | $5,000 | $0 |
| BILL BUSS 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| VANESSA FRASER 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| JERRY KIRKPATRICK 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
| CONNIE STATER 217 N 13TH ST, CENTERVILLE, IA 52544 | TRUSTEE | 2 | $5,000 | $0 |
Address and contacts
- Address (IRS master file)
- 217 N 13TH ST, CENTERVILLE, IA 52544-1700
- In care of
- % WILLIAM A BOATWRIGHT
- Signed the 990-PF
- ALISON FRASER, CEO
- Phone
- (641) 437-1025
- Website
- MORGANCLINEFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-7016421
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $15,957,081
- Income (IRS master file)
- $7,128,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,932,583 | $1,980,395 | $15,957,081 | XML |
| 990-PF | December 2024 | $2,274,746 | $1,901,768 | $15,009,936 | IRS |
| 990-PF | December 2023 | $1,280,364 | $2,047,823 | $14,480,107 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-7016421).
Questions about MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION
- What is the EIN of MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION?
- The employer identification number (EIN) of MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION is 47-7016421.
- Is MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 12 people; 11 received compensation from the organization, the highest $149,122 (ALISON FRASER, CEO).
- How much revenue does MORGAN E CLINE PERPETUAL CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,932,583, expenses of $1,980,395 and total assets of $15,957,081 at year end.
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