PAUL S MORTON SCHOLARSHIP FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PAUL S MORTON SCHOLARSHIP FOUNDATION (EIN 72-2549922)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-01-15
- IRS object ID
- 202040159349100104
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Land Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-01-15T11:33:45-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 721408019 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BMC INCOME TAX & FINANCIAL SERVICES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2005 AMES BLVD | AddressLine1Txt |
| City | Marrero | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70072 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 722549922 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL S MORTON SCHOLARSHIP FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAUL | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 READ BLVD | AddressLine1Txt |
| City | New Orleans | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70127 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHAWN MEREDITH | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 5044944160 | PhoneNum |
| Signature | 2020-01-14 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Byron M Clark EA | PreparerPersonNm |
| PTIN | P00918693 | PTIN |
| Phone | 5043410565 | PhoneNum |
| Preparation | 2020-01-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $433,484 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $447,385 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $77 | DividendsRevAndExpnssAmt |
| Total Rev And Expnss | $447,462 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $4,500 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $115,542 | OtherProfFeesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $16,167 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,921 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $138,130 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $154,380 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $293,082 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $433,484 | CashEOYAmt |
| Cash EOYFMV | $433,484 | CashEOYFMVAmt |
| Invst Land Cost Or Other Basis | $647,628 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $8,739 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments EOY | $638,889 | LandBldgInvestmentsEOYAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,072,373 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $433,484 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $148,295 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $148,295 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests EOY | $924,078 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $924,078 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,072,373 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Excess Revenue Over Expenses | $293,082 | ExcessRevenueOverExpensesAmt |
| Subtotal | $293,082 | SubtotalAmt |
| Other Decreases | $779,291 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$486,209 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Adj Net Vl Noncharitable Assets | $0 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $0 | AdjNonchrtblNetInvstIncmPctAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | false | ComplyWithPublicInspRqrInd |
| Individual With Books | SHAWN CHARLES | IndividualWithBooksNm |
| Phone | 5049159763 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 READ BLVD | AddressLine1Txt |
| City | New Orleans | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70127 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| YULONDA GRIFFIN | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| RACHAEL JOHNSON | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| MARJORIE MATTHEWS | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | SECRETARY | 0.00 | $0 | $0 | $0 |
| SHAWN CHARLES | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | TREASURER | 0.00 | $0 | $0 | $0 |
| DONNA WILLIAMS | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| AUDREY CARR-JACKSON | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | FINANCIAL SECRETARY | 0.00 | $0 | $0 | $0 |
| LYNDA LOUIS | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | TECHNICAL DIRECTOR | 0.00 | $0 | $0 | $0 |
| JAVETTA BROGAN | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| VIVIAN FARR-CANNON | ||||||||
| 5600 READ BLVD | New Orleans | LA | 70127 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHOLARSHIP FUND EXPENSES | Description1Txt |
| Expenses1 | $16,250 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ALBANY STATE UNIVERSITY | ||||||
| 504 COLLEGE DR | Albany | GA | 31705 | NONE | TUITION | $625 |
| BOSTON UNIVERSITY | ||||||
| 223 BAY STATE ROAD | Boston | MA | 02215 | NONE | TUITION | $625 |
| COLUMBIA UNIVERSITY | ||||||
| 116TH ST BROADWAY | New York | NY | 10027 | NONE | TUITION | $625 |
| GEORGIA UINVERSITY | ||||||
| 220 SOUTH JACKSON ST | Athens | GA | 30602 | NONE | TUITION | $1,875 |
| GRAMBLING UNIVERSITY | ||||||
| 403 MAIN ST | Grambling | LA | 71245 | NONE | TUITION | $1,250 |
| HOWARD UNIVERSITY | ||||||
| 2400 SIXTH ST | Washington | DC | 20059 | NONE | TUITION | $625 |
| KENNESAW STATE UNIVERSITY | ||||||
| 1000 CHASTAIN ROAD | Kennesaw | GA | 30144 | NONE | TUITION | $625 |
| LIPSCOMB UNIVERSITY | ||||||
| 1 UNIVERSITY PARK DR | Nashville | TN | 37204 | NONE | TUITION | $625 |
| LOYOLA UNIVERSITY | ||||||
| 6363 ST CHARLES AVE | New Orleans | LA | 70118 | NONE | TUITION | $625 |
| MOOREHOUSE COLLEGE | ||||||
| 830 WESTVIEW DR | Atlanta | GA | 30314 | NONE | TUITION | $625 |
| SPELMAN COLLEGE | ||||||
| 350 SPELMAN LANE | Atlanta | GA | 30314 | NONE | TUTIION | $1,250 |
| TEXAS STATE UNIVERSITY | ||||||
| 601 UNIVERSITY | San Marcos | TX | 78666 | NONE | TUITION | $625 |
| TULANE UNIVERSITY | ||||||
| 6823 ST CHARLES AVE | New Orleans | LA | 70118 | NONE | TUITION | $625 |
| UNIVERSITY OF HOLY CROSS | ||||||
| 4123 WOODLAND DR | New Orleans | LA | 70131 | NONE | TUITION | $1,250 |
| UNIVERSITY OF LAFAYETTE | ||||||
| 104 EAST UNIVERSITY AVE | Lafayette | LA | 70504 | NONE | TUITION | $625 |
| UNIVERSITY OF ST FRANCIS | ||||||
| 500 WILCOX | Joliet | IL | 60435 | NONE | TUITION | $625 |
| UNIVERSITY OF WEST GEORGIA | ||||||
| 1601 MAPLE ST | Carrollton | GA | 30118 | NONE | TUITION | $625 |
| XAVIER UNIVERSITY | ||||||
| 1 DREXEL DR | New Orleans | LA | 70125 | NONE | TUITION | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,250 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONTRIBUTIONS | Desc |
| Business | 900099 | BusinessCd |
| Exclusion | 01 | ExclusionCd |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $4,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| Renovation | 2018-11-01 | $212,626 | $683 | M | 39 | $5,452 | $0 | $0 |
| Renovation | 2016-01-01 | $25,400 | $1,953 | M | 39 | $651 | $0 | $0 |
| Renovation | 2019-01-01 | $409,602 | $0 | M | 39 | $10,064 | $0 | $0 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING RENOVATION | $238,026 | $8,739 | $229,287 | $0 |
| BUILDING RENOVATION | $409,602 | $0 | $409,602 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTED YEAR FUND BALANCE | Desc |
| Amt | $779,291 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank Charges | $145 | $0 | $0 | $0 |
| Office Expense | $727 | $0 | $0 | $0 |
| Subsriptions | $1,049 | $0 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Contract Labor | $4,865 | $0 | $0 | $0 |
| Legal and Professional Fees | $110,677 | $0 | $0 | $0 |