Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $47,450

• 1f · All other contributions, gifts and grants

  $177,059

• 3 · Investment income

  total $72,435 · excluded $72,435

• 7a · Gross sales of assets other than inventory

  securities $362,997

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

  securities $266,270

• 7c · Gain or loss

  securities $96,727

• 7d · Net gain or loss

  total $96,727 · excluded $96,727

• 8a · Fundraising events: gross income

  $25,310

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

  $47,450

• 8b · Fundraising events: direct expenses

  $3,789

• 8c · Net income from fundraising events

  total $21,521 · excluded $21,521

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $182,000 · program services $182,000

• 11a · Fees: management

  total $30,000 · management and general $30,000

• 11f · Fees: investment management

  total $11,758 · management and general $11,758

• 13 · Office expenses

  total $564 · management and general $564

• 14 · Information technology

  total $94 · management and general $94

• 16 · Occupancy

  total $172 · management and general $172

• 24a · Other expenses: DINING CHARGES

  total $4,904 · management and general $4,904

• 24b · Other expenses: LICENSES AND DUES

  total $195 · management and general $195

• 24c · Other expenses: OTHER EMPLOYEE EXPENSES

  total $5 · management and general $5

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $462,484 · end of year $574,590

• 11 · Investments: publicly traded securities

  beginning of year $5,090,473 · end of year $5,328,712

• 17 · Accounts payable and accrued expenses

  end of year $217

• 25 · Other liabilities

  beginning of year $34,675 · end of year $19,706

• 27 · Net assets without donor restrictions

  beginning of year $4,505,450 · end of year $4,799,353

• 28 · Net assets with donor restrictions

  beginning of year $1,012,832 · end of year $1,084,026

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 YEAR ENDED DECEMBER 31, 2023.