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Nonprofiteer
← MORSELIFE FOUNDATION INC

Form 990 for tax year 2023

Filed by MORSELIFE FOUNDATION INC.

Totals

Total revenue
$10,426,908
Total expenses
$9,975,326
Contributions and grants received
$9,009,784
Grants paid
$4,928,674
Program service revenue
$0
Investment income
$1,402,124
Other revenue
$15,000
Total assets, end of year
$37,377,770
Total liabilities, end of year
$21,528,634
Net assets or fund balances, end of year
$15,849,136
Program services expenses (Part IX)
$6,810,499
Management and general expenses
$750,346
Fundraising expenses
$2,414,481
Program service expenses (Part III)
$6,810,499

Program services were 68.3% 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.

  • 1f · All other contributions, gifts and grants

    $9,009,784

  • 1g · Noncash contributions included above

    $25,000

  • 3 · Investment income

    total $1,024,175 · excluded $1,024,175

  • 7a · Gross sales of assets other than inventory

    securities $328,716 · other assets $49,233

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $328,716 · other assets $49,233

  • 7d · Net gain or loss

    total $377,949 · excluded $377,949

  • 8a · Fundraising events: gross income

    $15,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $15,000 · excluded $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,928,674 · program services $4,928,674

  • 5 · Compensation of officers, directors and key employees

    total $1,013,406 · program services $225,000 · fundraising $788,406

  • 7 · Other salaries and wages

    total $445,766 · fundraising $445,766

  • 8 · Pension plan contributions

    total $18,611 · program services $5,615 · fundraising $12,996

  • 9 · Other employee benefits

    total $43,854 · program services $4,807 · fundraising $39,047

  • 10 · Payroll taxes

    total $104,567 · program services $10,643 · management and general $13,373 · fundraising $80,551

  • 11a · Fees: management

    total $886,286 · program services $124,080 · management and general $443,143 · fundraising $319,063

  • 11b · Fees: legal

    total $148 · management and general $148

  • 11f · Fees: investment management

    total $83,021 · management and general $83,021

  • 11g · Fees: other

    total $162,066 · management and general $37,350 · fundraising $124,716

  • 12 · Advertising and promotion

    total $98,946 · management and general $98,946

  • 13 · Office expenses

    total $127,586 · management and general $13,638 · fundraising $113,948

  • 14 · Information technology

    total $38,533 · fundraising $38,533

  • 16 · Occupancy

    total $82,281 · program services $1,500 · fundraising $80,781

  • 17 · Travel

    total $31,042 · fundraising $31,042

  • 19 · Conferences, conventions and meetings

    total $248 · management and general $248

  • 20 · Interest

    total $1,354,766 · program services $1,354,766

  • 22 · Depreciation, depletion and amortization

    total $123,528 · program services $101,506 · management and general $1,235 · fundraising $20,787

  • 23 · Insurance

    total $53,224 · management and general $53,224

  • 24a · Other expenses: COMMUNITY EVENTS

    total $298,777 · fundraising $298,777

  • 24b · Other expenses: ANNUITY EXPENSE

    total $52,177 · program services $52,177

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $21,799 · program services $1,731 · fundraising $20,068

  • 24d · Other expenses: RECRUITING

    total $6,020 · management and general $6,020

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $371,435 · end of year $153,773

  • 3 · Pledges and grants receivable

    beginning of year $11,253,266 · end of year $13,101,359

  • 7 · Other notes and loans receivable

    beginning of year $11,344,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,491 · end of year $70,524

  • 10a · Land, buildings and equipment: cost or other basis

    $3,556,804

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,058,273

  • 10c · Land, buildings and equipment, net

    beginning of year $2,342,486 · end of year $2,498,531

  • 12 · Investments: other securities

    beginning of year $17,318,708 · end of year $19,038,680

  • 15 · Other assets

    beginning of year $2,618,574 · end of year $2,514,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $198,428 · end of year $223,843

  • 25 · Other liabilities

    beginning of year $32,293,137 · end of year $21,304,791

  • 27 · Net assets without donor restrictions

    beginning of year $8,785,058 · end of year $12,282,871

  • 28 · Net assets with donor restrictions

    beginning of year $4,069,455 · end of year $3,566,265

Mission and programs · 2023

Mission

TO SOLICIT, RECEIVE AND INVEST THE PROCEEDS OF GRANTS, CONTRIBUTIONS, PLEDGES, AND OTHER SUPPORT FROM GOVERNMENTAL ENTITIES AND THE PUBLIC AT LARGE, AND TO SUPPORT ALL RELATED TAX-EXEMPT ORGANIZATIONS FOR THE PURPOSE OF ENHANCING SENIOR LIVING IN THE SPIRIT OF JEWISH TRADITION.

Activities or mission (Part I)

TO SUPPORT ALL AFFILIATED AGENCIES FOR THE PURPOSE OF ENHANCING SENIOR LIVING.

  • 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.

    Expenses $6,810,499 · Grants $4,928,674

As filed on the 2023 return.

Listed in Part VII

  • Keith A Myers

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Randy Wolan

    CFO

    Total calculated
    $177,503
    From this org
    $0
    From related orgs
    $171,042
    Other
    $6,461
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,856 related
    Bonus
    $0
    Other
    $0 + $16,186 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,461 related
    Filer's total
    $0 + $177,503 related

  • Michael Margolis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Richard Rothschild

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Terri C Sriberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Stanley M Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Arthur S Loring

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Francine Kittredge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • David S Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Joseph Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Roy Apple

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ronald Berk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Donald Ephraim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gary Granoof

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Susan Mendik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Howard Kaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Carolyn Rose

    SENIOR VP, ML FOUNDATION

    Total calculated
    $400,203
    From this org
    $376,051
    From related orgs
    $0
    Other
    $24,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,506
    Bonus
    $26,545
    Other
    $0
    Deferred
    $14,061
    Nontaxable benefits
    $10,091
    Filer's total
    $400,203

  • Joan Bever

    SENIOR VICE PRESIDENT, EVENTS

    Total calculated
    $331,443
    From this org
    $331,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,397
    Bonus
    $32,046
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $331,443

  • Irving Geffen

    VP OF MORSELIFE FOUNDATION

    Total calculated
    $293,405
    From this org
    $284,762
    From related orgs
    $0
    Other
    $8,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,549
    Bonus
    $213
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,643
    Filer's total
    $293,405

  • Hope Levin

    VP OF LEADERSHIP GIVING

    Total calculated
    $124,347
    From this org
    $120,903
    From related orgs
    $0
    Other
    $3,444
    Hours/week
    40

  • Ashley Robinson

    DIRECTOR OF EVENTS

    Total calculated
    $112,727
    From this org
    $112,727
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202520979349300712

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