Totals
- Total revenue
- $1,189,123
- Total expenses
- $179,901
- Contributions and grants received
- $1,010,538
- Grants paid
- $150,962
- Program service revenue
- $0
- Investment income
- $168,085
- Other revenue
- $10,500
- Total assets, end of year
- $3,221,756
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,221,756
- Program services expenses (Part IX)
- $150,962
- Management and general expenses
- $28,939
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $150,962
Program services were 83.9% 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
$1,010,538
-
3 · Investment income
total $85,499 · excluded $85,499
-
7a · Gross sales of assets other than inventory
securities $82,586
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $82,586
-
7d · Net gain or loss
total $82,586 · excluded $82,586
-
11a · Other revenue: PY Refunded Grant
total $10,500 · related or exempt $10,500
-
11e · Other revenue, total
$10,500
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $150,962 · program services $150,962
-
11c · Fees: accounting
total $3,355 · management and general $3,355
-
11f · Fees: investment management
total $2,928 · management and general $2,928
-
11g · Fees: other
total $21,052 · management and general $21,052
-
23 · Insurance
total $1,604 · management and general $1,604
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $29,628 · end of year $49,988
-
2 · Savings and temporary cash investments
beginning of year $2,009,859 · end of year $3,171,125
-
9 · Prepaid expenses and deferred charges
beginning of year $961 · end of year $643
-
27 · Net assets without donor restrictions
beginning of year $2,040,448 · end of year $3,221,756
Mission and programs · 2024
Mission
See Schedule O.
Activities or mission (Part I)
The Morse Foundation provides scholarships to Monterey Peninsula Country Club community, including their employees and family members to promote learning and enhance the quality of life.
-
The Morse Foundation provides scholarships to Monterey Peninsula Country Club community, including their employees and family members to promote learning and enhance the quality of life. The foundation approved 24 applicants to receive scholarships.
Expenses $150,962 · Grants $150,962 · Revenue $10,500
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kim Negri
President
- Total calculated
- $0
- Hours/week
- 2
-
Chris Baumgart
President until 11/30/24
- Total calculated
- $0
- Hours/week
- 2
-
Tonya Antle
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Jim Anderson
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Joan Hoover
Secretary/Treasurer until 11/30/24
- Total calculated
- $0
- Hours/week
- 2
-
Bob Axley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Marion Bottomley
Director until 11/30/24
- Total calculated
- $0
- Hours/week
- 2
-
John Fell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wallace Gordon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn Joye
Director
- Total calculated
- $0
- Hours/week
- 2
-
Hector Topete
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Zytko
Director
- Total calculated
- $0
- Hours/week
- 2
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
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349312060
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.