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Nonprofiteer
← F A MORSE ASSOCIATION INC

Form 990 for tax year 2024

Filed by F A MORSE ASSOCIATION INC.

Totals

Total revenue
$177,867
Total expenses
$163,378
Contributions and grants received
$90,619
Grants paid
$0
Program service revenue
$0
Investment income
$6,331
Other revenue
$80,917
Total assets, end of year
$5,541,660
Total liabilities, end of year
$2,814,981
Net assets or fund balances, end of year
$2,726,679
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$163,377

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

    $90,619

  • 3 · Investment income

    total $6,331 · excluded $6,331

  • 6a · Gross rents

    real property $325,302

  • 6b · Less rental expenses

    real property $244,385

  • 6c · Rental income or loss

    real property $80,917

  • 6d · Net rental income or loss

    total $80,917 · related or exempt $80,917

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,450

  • 13 · Office expenses

    total $2,090

  • 14 · Information technology

    total $342

  • 17 · Travel

    total $1,926

  • 19 · Conferences, conventions and meetings

    total $12,163

  • 20 · Interest

    total $126,070

  • 23 · Insurance

    total $17,337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,255 · end of year $15,428

  • 2 · Savings and temporary cash investments

    beginning of year $134,511 · end of year $227,651

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

    $5,584,991

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

    $286,410

  • 10c · Land, buildings and equipment, net

    beginning of year $5,441,786 · end of year $5,298,581

  • 19 · Deferred revenue

    beginning of year $83,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,926,060 · end of year $2,814,220

  • 25 · Other liabilities

    beginning of year $15,302 · end of year $761

  • 27 · Net assets without donor restrictions

    beginning of year $2,712,190 · end of year $2,726,679

Mission and programs · 2024

Mission

MAINTAINS ALUMNI RELATIONS AND FRATERNITY HOUSING FOR THE MUTUAL BENEFIT OF MEMBERS.

  • MAINTAINS ALUMNI RELATIONS AND FRATERNITY HOUSING FOR THE MUTUAL BENEFIT OF MEMBERS.

    Expenses $163,377 · Revenue $80,917

As filed on the 2024 return.

Listed in Part VII

  • James Mosteller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • William Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Jonathan Brucks

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Kevin Walsh

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Henry Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Hutchins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark MacAulay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Ferrari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Edward Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2026
IRS schema version
2024v5.5
Source object
202621669349300612

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