JOHN M & SUSAN MORRISON FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- JOHN M & SUSAN MORRISON FOUNDATION (EIN 65-6254131)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-15
- IRS object ID
- 201823199349100712
- Schema version
- 2017v2.3
- 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
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T07:30:07-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 656254131 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN M & SUSAN MORRISON FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 6127919200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3093 FORT CHARLES DRIVE | AddressLine1Txt |
| City | NAPLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN MORRISON | PersonNm |
| Person Title | TRUSTEE/CHAIR/TREASURER | PersonTitleTxt |
| Phone | 6127919200 | PhoneNum |
| Signature | 2018-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TODD A JACKSON | PreparerPersonNm |
| PTIN | P00092672 | PTIN |
| Phone | 6123324300 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 108.171.131.189 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-13 | IPDt |
| IP Tm | 14:42:20 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A3518D7823D131F9152F82C3C9867A14476BA00B | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $11,529,852 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $312,321 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $315,236 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $822,824 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,819,080 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $822,824 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $18,530 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $554 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,153,675 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,138,614 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,007 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,003 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,003 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,727 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,864 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,863 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $12,304 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $12,279 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $25 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $505 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $505 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $24,543 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $18,651 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,891 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $978,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $978,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,003,293 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $18,651 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $984,641 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $150,382 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,119,963 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $56,821 | CashBOYAmt |
| Cash EOY | $42,588 | CashEOYAmt |
| Cash EOYFMV | $42,588 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $131,494 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $402,005 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $402,005 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $8,155,271 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,049,375 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,085,259 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $8,343,586 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,493,968 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,529,852 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $8,343,586 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,493,968 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,343,586 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,493,968 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,343,586 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,493,968 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,343,586 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $150,382 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $8,493,968 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $8,493,968 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| SALE OF PUBLICLY TRADED SECURITIES | $6,721,290 | $5,996,256 | $725,034 | $725,034 | |
| CAPITAL GAINS DIVIDENDS | $97,790 | $97,790 | $97,790 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $822,824 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,029,753 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $11,677,555 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.088182 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $698,746 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,215,901 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.075820 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $366,500 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $3,684,876 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.099461 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $505,535 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $572,103 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.883643 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $443,634 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $564,392 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.786039 | DistributionYr5Rt |
| Total Distribution | 1.933145 | TotalDistributionRt |
| Average Distribution | 0.386629 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,290,603 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,365,275 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $11,200 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,376,475 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $984,641 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $22,399 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $22,399 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $22,399 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $15,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $15,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $7,399 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | SHEILA BECKER | IndividualWithBooksNm |
| Phone | 7635125294 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 945 WINNETKA AVENUE NORTH SUITE 145 | AddressLine1Txt |
| City | GOLDEN VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554274577 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|
| JOHN M MORRISON | ||||||||
| 3093 FORT CHARLES DRIVE | NAPLES | FL | 34102 | TRUSTEE/CHAIR/TREASURER | 1.00 | $0 | $0 | $0 |
| SUSAN M MORRISON | ||||||||
| 3093 FORT CHARLES DRIVE | NAPLES | FL | 34102 | TRUSTEE/PRESIDENT | 1.00 | $0 | $0 | $0 |
| JANICE GRASER | ||||||||
| 945 WINNETKA AVENUE N SUITE 145 | GOLDEN VALLEY | MN | 55427 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| SHEILA BECKER | ||||||||
| 945 WINNETKA AVENUE N SUITE 145 | GOLDEN VALLEY | MN | 55427 | VICE PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 |
| JOHN M MORRISON JR | ||||||||
| 90 CHARTER ROAD | ACTON | MA | 01720 | ADVISORY TRUSTEE | 0.01 | $0 | $0 | $0 |
| JULIE MORRISON | ||||||||
| 130 MANOR CIRCLE | ORONO | MN | 55356 | ADVISORY TRUSTEE | 0.01 | $0 | $0 | $0 |
| JEANNE M COOK | ||||||||
| 6093 WOOD HILL LANE | INDEPENDENCE | MN | 55359 | ADVISORY TRUSTEE | 0.01 | $0 | $0 | $0 |
| MARY S MORRISON | ||||||||
| 1332 ASTURIA AVENUE | CORAL GABLES | FL | 33134 | ADVISORY TRUSTEE | 0.01 | $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 |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $11,233,986 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $228,555 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,462,541 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,462,541 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $171,938 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,290,603 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $564,530 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $564,530 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $22,399 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $69 | IncomeTaxAmt |
| Total Tax | $22,468 | TotalTaxAmt |
| Distributable Before Adj | $542,062 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $542,062 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $542,062 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $984,641 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $984,641 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $984,641 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $542,062 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $416,061 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $477,665 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $183,750 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $275,893 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $450,504 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,803,873 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $984,641 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $542,062 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $442,579 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,246,452 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $416,061 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,830,391 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $477,665 | ExcessFromYear4Amt |
| Excess From Year3 | $183,750 | ExcessFromYear3Amt |
| Excess From Year2 | $275,893 | ExcessFromYear2Amt |
| Excess From Year1 | $450,504 | ExcessFromYear1Amt |
| Excess From Current Year | $442,579 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN M MORRISON | ContributingManagerNm |
| Contributing Manager | SUSAN M MORRISON | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ANGEL FOUNDATION | |||||||
| 1155 CENTRE POINT DR | MENDOTA | MN | 55120 | NONE | PC | PROGRAM SUPPORT | $10,000 |
| CHILDREN'S FOUNDATION | |||||||
| 5901 LINCOLN DRIVE | EDINA | MN | 55436 | NONE | PC | PROGRAM SUPPORT | $9,750 |
| COMMUNITY OF RECOVERING PEOPLE AKA THE RETREAT | |||||||
| 1221 WAYZATA BOULEVARD E | WAYZATA | MN | 55391 | NONE | PC | PROGRAM SUPPORT | $10,000 |
| EMPOWERS AFRICA WILDERNESS WILDLIFE TRUST - RHINO PROJECT | |||||||
| 2 BEEKMAN PLACE SUITE 18B | NEW YORK | NY | 10022 | NONE | PC | BOTSWANA RHINO PROJECT | $45,000 |
| MINNEAPOLIS HEART INSTITUTE FOUNDATION | |||||||
| 920 EAST 28TH STREET SUITE 100 | MINNEAPOLIS | MN | 55407 | NONE | PC | HAUSER AWARD/MHIF INTERNSHIP PROGRAM | $210,000 |
| ORONO FOUNDATION FOR EDUCATION | |||||||
| PO BOX 211 | LONG LAKE | MN | 55356 | NONE | PC | PROGRAM SUPPORT - EDUCATIONAL | $32,000 |
| ORONO HOCKEY BOOSTERS | |||||||
| 5069 MAIN ST E | MAPLE PLAIN | MN | 553599430 | NONE | PC | HOCKEY ARENA | $150,000 |
| PIETRO'S FIGHT | |||||||
| 50 BLACKHORSE COURT | STATEN ISLAND | NY | 10306 | NONE | PC | MUSCULAR DISTROPHY | $1,000 |
| THE BASILICA OF ST MARY | |||||||
| PO BOX 50070 | MINNEAPOLIS | MN | 55405 | NONE | PC | ST VINCENT DE PAUL FUND | $10,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION | |||||||
| PO BOX 560266 | MINNEAPOLIS | MN | 55486 | NONE | PC | PROGRAM SUPPORT | $1,000 |
| UNIVERSITY OF ST THOMAS | |||||||
| 2115 SUMMIT AVENUE | ST PAUL | MN | 55105 | NONE | PC | MORRISON UNRESTRICTED FUND - UST DIRECTED FUNDS TO DOGHERTY LAW | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $978,750 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $312,321 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $210 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $822,824 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IRS TAX REFUND | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $18,320 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,153,675 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,153,675 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREP FEES | CategoryTxt |
| Amt | $5,727 | Amt |
| Net Investment Income | $2,864 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,863 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (32 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN EXPRESS VAR 99 | $34,678 | $34,128 |
| CALLON PETROLEU 10% PFD | $63,849 | $61,722 |
| CAPITAL ONE F 6.25% PFD | $96,595 | $95,756 |
| CHIMERA INVESTME 8% PFD | $7,576 | $7,749 |
| CITIGROUP IN VAR 99 DUE 12/31/99 CALL 6/15/22 | $51,113 | $49,625 |
| CITIGROUP IN VAR 99 DUE 12/31/99 CALL 1/30/23 | $166,794 | $162,800 |
| CITIGROUP IN VAR 99 DUE 12/31/99 CALL 8/1/23 | $126,299 | $124,500 |
| FIFTH THIRD BANCO VAR | $102,268 | $99,250 |
| GENERAL ELECTRIC VAR | $204,961 | $192,319 |
| GOLDMAN SACHS GRO VAR 99 | $239,128 | $223,720 |
| IBERIABANK COR 6.6% PFD | $47,897 | $48,888 |
| INVESCO MTG CA | $25,025 | $24,600 |
| JP MORGAN CHASE & VAR CALLABLE 4/30/18 | $26,261 | $25,062 |
| JP MORGAN CHASE VAR 00 CALLABLE 8/1/99 | $73,274 | $71,225 |
| KEYCORP INC VAR 99 | $48,011 | $48,250 |
| L BRANDS INC 6.95%33 | $57,325 | $52,800 |
| MAIDEN HOLDI 7.125% PFD | $7,791 | $6,570 |
| METLIFE INC VAR 99 | $62,365 | $61,050 |
| MIDWESTONE FINANCIAL GROUP | $3,157,348 | $6,272,946 |
| NATIONAL GENER 7.5%PFD | $25,018 | $25,235 |
| SYNOVUS FINL C 6.3% PFD | $102,300 | $102,560 |
| TWO HARBORS 8.125% PFD | $20,121 | $20,656 |
| VIACOM INC VAR 57 | $50,775 | $47,625 |
| WELLS FARGO BK N VAR | $52,833 | $51,250 |
| AMG RIVER ROAD DVD ALL CAP VALUE I | $400,000 | $401,623 |
| ISHARES CORE S P 500 ETF | $1,299,770 | $1,291,800 |
| MATTHEWS ASIAN GRTH INC IS | $250,000 | $239,034 |
| BOSTON PARTNERS GLOBAL EQUITY | $250,000 | $245,365 |
| OPPENHEIMER STEELPATH MLP ALPHA Y | $300,000 | $300,793 |
| WESTWOOD INCOME OPPORTUNITY INSTL | $300,000 | $297,683 |
| BLACKSTONE ALTERNATIVE MULTI | $200,000 | $198,500 |
| FRANKLIN K2 ALTERNATIVE STRATEGIES | $200,000 | $200,175 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | L&P FEES | CategoryTxt |
| Legal Fees | $6,007 | LegalFeesAmt |
| Net Investment Income | $3,003 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,003 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME | $210 | $210 | $210 |
| APOLLO GLOBAL MANAGEMENT K-1 | $0 | $344 | $0 |
| IRS TAX REFUND | $18,320 | $18,320 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BROKER ACCOUNT FEES | $12,279 | $12,279 | $0 |
| BANK FEES | $25 | $0 | $25 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX WITHHELD | CategoryTxt |
| Amt | $505 | Amt |
| Net Investment Income | $505 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |