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Nonprofiteer
← MORNINGSTAR SENIOR LIVING FOUNDATION

Form 990 for tax year 2022

Filed by MORNINGSTAR SENIOR LIVING FOUNDATION.

Totals

Total revenue
$485,006
Total expenses
$306,753
Contributions and grants received
$386,975
Grants paid
$215,608
Program service revenue
$0
Investment income
$100,905
Other revenue
-$2,874
Total assets, end of year
$5,552,957
Total liabilities, end of year
$34,675
Net assets or fund balances, end of year
$5,518,282
Program services expenses (Part IX)
$215,608
Management and general expenses
$91,145
Fundraising expenses
$0
Program service expenses (Part III)
$215,608

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $49,300

  • 1f · All other contributions, gifts and grants

    $337,675

  • 3 · Investment income

    total $106,439 · excluded $106,439

  • 7a · Gross sales of assets other than inventory

    securities $542,712

  • 7b · Less cost or other basis and sales expenses

    securities $548,246

  • 7c · Gain or loss

    securities -$5,534

  • 7d · Net gain or loss

    total -$5,534 · excluded -$5,534

  • 8a · Fundraising events: gross income

    $4,235

  • 8a · Fundraising events: contributions included on line 1c

    $49,300

  • 8b · Fundraising events: direct expenses

    $7,109

  • 8c · Net income from fundraising events

    total -$2,874 · excluded -$2,874

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $215,608 · program services $215,608

  • 11a · Fees: management

    total $60,000 · management and general $60,000

  • 11f · Fees: investment management

    total $20,480 · management and general $20,480

  • 13 · Office expenses

    total $1,904 · management and general $1,904

  • 17 · Travel

    total $18 · management and general $18

  • 24a · Other expenses: DINING CHARGES

    total $5,687 · management and general $5,687

  • 24b · Other expenses: SPECIAL AFFAIRS

    total $2,888 · management and general $2,888

  • 24c · Other expenses: OTHER EMPLOYEE EXPENSES

    total $168 · management and general $168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,477 · end of year $462,484

  • 11 · Investments: publicly traded securities

    beginning of year $4,566,075 · end of year $5,090,473

  • 15 · Other assets

    beginning of year $16,217 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $34,675

  • 27 · Net assets without donor restrictions

    beginning of year $3,915,761 · end of year $4,505,450

  • 28 · Net assets with donor restrictions

    beginning of year $866,008 · end of year $1,012,832

Mission and programs · 2022

Mission

THE MORNINGSTAR SENIOR LIVING FOUNDATION IS DEDICATED TO THE DEVELOPMENT AND GROWTH OF FINANCIAL RESOURCES TO ASSURE THE SUSTAINABILITY OF THE CHARITABLE MISSION OF MORNINGSTAR SENIOR LIVING AND ITS AFFILIATES.

Activities or mission (Part I)

THE FOUNDATION IS DEDICATED TO THE GROWTH AND FINANCIAL SUPPORT OF ITS AFFILIATED ORGANIZATIONS.

  • THE MORNINGSTAR SENIOR LIVING FOUNDATION SUPPORTS ITS AFFILIATED ORGANIZATIONS, MORNINGSTAR SENIOR LIVING AND MORNINGSTAR SENIOR SOLUTIONS, BY PROVIDING OVERSIGHT OF THE GROUP'S FUNDRAISING AND CHARITABLE ACTIVITIES. ITS BROADER GOAL IS TO BECOME THE ORGANIZATION OF CHOICE IN THE LEHIGH VALLEY WHERE CHARITABLE GIFTS WILL BENEFIT ADULTS IMPACTED WITH ALZHEIMER'S DISEASE AND AGING RELATED CHALLENGES. THE FOUNDATION WILL INCREASE AWARENESS OF CHARITABLE NEEDS, BRING FOCUS TO ALZHEIMERS AND RELATED DEMENTIAS AS A CRITICAL NEED, CLARIFY GIVING OPPORTUNITIES, AND CULTIVATE AND EXPAND SUPPORTERS AND RESOURCES.

    Expenses $215,608 · Grants $215,608

As filed on the 2022 return.

Listed in Part VII

  • Darrell W Crook

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Christopher T Hunt

    SEC'Y/TREASURER-MSLF, CFO-MSL

    Total calculated
    $267,516
    From this org
    $0
    From related orgs
    $224,023
    Other
    $43,493
    Hours/week
    2 + 50.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,438 related
    Bonus
    $0 + $28,171 related
    Other
    $0 + $414 related
    Deferred
    $0 + $6,610 related
    Nontaxable benefits
    $0 + $36,883 related
    Filer's total
    $0 + $267,516 related

  • Susan C Drabic

    BD MEMBER-MSLF, PRES. & CEO-MSL

    Total calculated
    $392,384
    From this org
    $0
    From related orgs
    $369,928
    Other
    $22,456
    Hours/week
    2 + 50.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,547 related
    Bonus
    $0 + $69,677 related
    Other
    $0 + $12,704 related
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $13,756 related
    Filer's total
    $0 + $392,384 related

  • Linda McMeekin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Barbara Seifert-Sigmon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Richard Solliday

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Colleen Lavdar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Kendahl Difelice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MORNINGSTAR SENIOR LIVING FOUNDATION'S PARENT, MORNINGSTAR SENIOR LIVING, USES METHODS SUCH AS COMPENSATION STUDIES AND APPROVAL BY THE BOARD/COMMITTEES TO DETERMINE THE PRESIDENT AND CEO'S COMPENSATION.
PART I, LINE 4B
MORNINGSTAR SENIOR LIVING, INC. SPONSORS THE MORNINGSTAR SENIOR LIVING 457(B) PLAN WHICH IS A NONQUALIFIED, NON-ERISA, ELIGIBLE DEFERRED COMPENSATION PLAN WITHIN THE MEANING OF CODE SECTION 457(B). THE PLAN PROVIDES FOR ELECTIVE EMPLOYEE CONTRIBUTIONS THROUGH SALARY DEFERRALS, COMPANY CONTRIBUTIONS, AND ROLLOVER CONTRIBUTIONS. ELIGIBLE PARTICIPANTS IN THE PLAN INCLUDE THE PRESIDENT & CEO, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, AND CHIEF INFORMATION OFFICER. THERE WERE NO COMPANY CONTRIBUTIONS MADE TO THE PLAN DURING FISCAL YEAR ENDED JUNE 30, 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349306970

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