2023-08-30T12:48:39-05:00 2023-06-30 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2022-07-01 471592912 THE MORSE FOUNDATION MORS 8313332215 3000 CLUB ROAD PEBBLE BEACH CA 93953 JOAN HOOVER SECRETARY / TREASURER 8313332215 2023-08-23 1 JOAN HOOVER 999009999 0 JULIANA KREUL P01204534 3217516200 2023-08-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS BAUMGART 3000 CLUB ROAD PEBBLE BEACH CA 93953 408106 0 X WWW.MPCCPB.ORG X 2014 CA THE ORGANIZATION'S MISSION IS TO PROVIDE GRANTS OF ECONOMIC ASSISTANCE AND SUPPORT. 9 9 0 9 0 0 271400 352685 0 0 40960 45421 0 10000 312360 408106 123515 166091 0 0 0 0 0 0 0 35417 29211 158932 195302 153428 212804 1178874 1462071 0 0 1178874 1462071 X SEE SCHEDULE O. 0 0 166091 166091 0 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 26 APPLICANTS TO RECEIVE SCHOLARSHIPS. 166091 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X BRAD SPENCER 8313332215 3000 CLUB ROAD PEBBLE BEACH CA 93953 X CHRIS BAUMGART PRESIDENT 2.00 X X 0 0 0 HECTOR TOPETE VICE PRESIDENT 2.00 X X 0 0 0 JOAN HOOVER SECRETARY / TREASURER 2.00 X X 0 0 0 MELISSA JOHNSON DIRECTOR 2.00 X 0 0 0 MARION BOTTOMLEY DIRECTOR 2.00 X 0 0 0 GERALD REED DIRECTOR 2.00 X 0 0 0 MARY BRISLIN DIRECTOR 2.00 X 0 0 0 TOM MACMICHAEL DIRECTOR 2.00 X 0 0 0 BOB AXLEY DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 352685 352685 45421 45421 PY REFUNDED GRANT 900099 10000 10000 10000 408106 10000 0 45421 166091 166091 11285 11285 2835 2835 1282 1282 12136 12136 1673 1673 195302 166091 29211 0 26313 26624 1151849 1434985 712 462 1178874 1462071 0 0 X 1178874 1462071 1178874 1462071 1178874 1462071 212804 70393 0 X 0 0 0 X 188885 238500 250100 271400 352685 1301570 188885 238500 250100 271400 352685 1301570 1053906 247664 44546 75556 36038 40960 45421 242521 625 10000 10625 1554716 0.15930 0.12750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 625. 2022 AMOUNT: $ 10,000. PART II LINE 17A THE ORGANIZATION MEETS THE FACTS-AND-CIRCUMSTANCES TEST IN REGULATIONS SECTION 1.170A-9(F)(3). THE ORGANIZATION DEMONSTRATED A GREATER THAN 10 PERCENT PUBLIC SUPPORT CALCULATION ON SCHEDULE A, PT. II FOR TAX YEARS 2022 AND 2021. THE ORGANIZATION RECEIVES SUPPORT FROM THE GENERAL PUBLIC AND THE MONTEREY PENINSULA FOUNDATION, AN ORGANIZATION EXEMPT UNDER 509(A)(2). THE GOVERNING BODY PROVIDES SCHOLARSHIPS TO MPCC EMPLOYEES AND THEIR FAMILY MEMBERS TO PROMOTE LEARNING AND ENHANCE THEIR QUALITY OF LIFE THROUGH PERSONAL AND PROFESSIONAL GROWTH AS THEY MAY FACE SIGNIFICANT FINANCIAL BURDEN DUE TO THE COST OF UNDERGRADUATE COLLEGE EDUCATION. PART II, LINE 17A - FUNDRAISING PLAN MORSE FOUNDATION FUNDRAISING PLAN 1. PURPOSE OF THE PLAN: TO BUILD TOWARDS AN ENDOWMENT THAT WILL ENABLE THE MORSE FOUNDATION TO RELIABLY PROVIDE SCHOLARSHIPS TO MPCC EMPLOYEES AND THEIR CHILDREN CONSISTENT WITH THE MISSION. 2. GOALS AND OBJECTIVES: A. TO INCREASE THE CURRENT FUND AMOUNT OF $1.2 MILLION TO $4 MILLION WITHIN THE NEXT 10 YEARS. B. TO HAVE THE CAPACITY TO FUND SCHOLARSHIP NEEDS OF AN INCREASED APPLICANT BASE AND TO ADDRESS THEIR GREATER FINANCIAL NEEDS 3. ASSUMPTIONS: A. THE CURRENT MONTEREY PENINSULA FOUNDATION FUNDING IS EXPECTED TO CEASE IN 2024. B. MPCC MEMBERS WILL DEMONSTRATE STRONGER SUPPORT FOR MPCC EMPLOYEES AND THEIR FAMILIES IF THERE IS INCREASED COMMUNICATION AND OUTREACH EXPLAINING THE GOOD WORK OF THE MORSE FOUNDATION. C. THE PLAN WILL BE CLEARLY DIFFERENTIATED FROM THE YEAR END MPCC EMPLOYEE APPRECIATION FUND. 4. DONOR BASE: AT&T PRO AM/MONTEREY PENINSULA FOUNDATION FUNDS (INTERIM) AND DONATIONS FROM MPCC MEMBERS. 5. FUNDRAISING VEHICLES: MPCC WEBSITE; MPCC NEWSLETTERS, IN-PERSON DONOR BRIEFINGS/MEETINGS; ETC. 6. FUNDRAISING TACTICS: INDIVIDUAL MPCC MEMBER/DONOR FUNDRAISING; DIRECT MARKETING EVENTS AT MPCC; ONLINE FUNDRAISING (MPCC WEBSITE); PLANNED GIVING AND ESTATE GIFTING CAMPAIGNS; ETC. 7. MEMBERS STARTED CONTRIBUTING DIRECT DONATIONS TO THE MORSE FOUNDATION STARTING IN 2023. DIRECT DONATIONS FORECASTED TO END CALENDAR YEAR 2023 AT $170,000. 8. PUBLIC SUPPORT MINIMUM PERCENTAGE IS EXPECTED TO BE ACHIEVED BY 6/30/25. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SCHOLARSHIP GRANTS 26 166091 FMV FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE MORSE FOUNDATION HAS BEEN ESTABLISHED TO PROVIDE SCHOLARSHIPS FOR MONTEREY PENINSULA COUNTRY CLUB EMPLOYEES AND THEIR FAMILY MEMBERS TO PROMOTE LEARNING AND ENHANCE THEIR QUALITY OF LIFE THROUGH PERSONAL AND PROFESSIONAL GROWTH AS THEY MAY FACE SIGNIFICANT FINANCIAL BURDENS DUE TO THE COST OF COLLEGE AND VOCATIONAL EDUCATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE SECRETARY/TREASURER BEFORE FILING IN ITS ENTIRETY. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AND APPROVED AT THE JANUARY MEETING. THE BOARD WOULD REVIEW ANY POTENTIAL OR ACTUAL CONFLICTS AND DETERMINE IF FURTHER ACTION IS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR THE PUBLIC TO REVIEW AT THE CORPORATE OFFICES OF THE ORGANIZATION FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).