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Alfred R And Velma Kvasnicka Declaration Of Tr

Michael Morgan Ttee

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$47.3k (2024)

Expenses
$57k (2024)

Total Assets
$1.09M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,310
Expenses
$56,993
Net Income
-$9,683
Net Assets
$1,085,182
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,486
11.6%
Dividends $44,053
93.1%
Sales of Assets -$2,229
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,029
98.3%
Compensation of Officers* $15,000
26.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,085,182
Total Liabilities $0
Net Assets $1,085,182
Compensation
Key Employees and Officers Compensation Other
Michael Morgan (Trustee) $7,500 $0
Lori Thielen (Trustee) $7,500 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,257
Expenses
$48,434
Net Income
$2,823
Net Assets
$1,094,808
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,620
11.0%
Dividends $38,570
75.2%
Sales of Assets $7,067
13.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $48,434
100%
Compensation of Officers* $15,000
31.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,094,808
Total Liabilities $0
Net Assets $1,094,808
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $7,500 $0
Michael Morgan (Trustee) $7,500 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,526
Expenses
$58,362
Net Income
$10,164
Net Assets
$1,090,863
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,334
7.8%
Dividends $32,227
47.0%
Sales of Assets $30,965
45.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,245
94.7%
Compensation of Officers* $15,000
25.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,090,863
Total Liabilities $0
Net Assets $1,090,863
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $7,500 $0
Michael Morgan (Trustee) $7,500 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$115,337
Expenses
$36,568
Net Income
$78,769
Net Assets
$1,080,274
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,297
4.6%
Dividends $29,562
25.6%
Sales of Assets $80,478
69.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,300
66.5%
Compensation of Officers* $10,000
27.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,080,274
Total Liabilities $0
Net Assets $1,080,274
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $5,000 $0
Michael Morgan (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,507
Expenses
$31,884
Net Income
$16,623
Net Assets
$1,034,004
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $33,600
69.3%
Sales of Assets $14,907
30.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,884
100%
Compensation of Officers* $10,000
31.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,034,005
Total Liabilities $1
Net Assets $1,034,004
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen Trustee (Trustee) $5,000 $0
Michael Morgan Trustee (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,554
Expenses
$34,609
Net Income
$945
Net Assets
$1,030,110
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $35,554
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,609
100%
Compensation of Officers* $6,000
17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,030,111
Total Liabilities $1
Net Assets $1,030,110
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen Trustee (Trustee) $6,000 $0
Michael Morgan Trustee (Trustee) $6,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,262
Expenses
$28,091
Net Income
$34,171
Net Assets
$1,029,166
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,158
51.6%
Sales of Assets $30,104
48.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,081
100.0%
Compensation of Officers* $4,000
14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,029,166
Total Liabilities $0
Net Assets $1,029,166
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $0 $0
Michael Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$43,942
Expenses
$31,339
Net Income
$12,603
Net Assets
$994,995
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $70
0.2%
Dividends $43,872
99.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,750
85.4%
Compensation of Officers* $4,000
12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $994,995
Total Liabilities $0
Net Assets $994,995
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $0 $0
Michael Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,528
Expenses
$33,430
Net Income
-$15,902
Net Assets
$868,991
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $60
0.3%
Dividends $25,122
> 100%
Sales of Assets -$7,654
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,430
100%
Compensation of Officers* $4,000
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $868,991
Total Liabilities $0
Net Assets $868,991
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $0 $0
Michael Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,712
Expenses
$30,886
Net Income
-$3,174
Net Assets
$874,178
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $67
0.2%
Dividends $26,146
94.3%
Sales of Assets $1,499
5.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,886
100%
Compensation of Officers* $4,000
13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $874,178
Total Liabilities $0
Net Assets $874,178
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $0 $0
Michael Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,319
Expenses
$26,684
Net Income
$26,635
Net Assets
$876,554
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $441
0.8%
Dividends $27,094
50.8%
Sales of Assets $25,784
48.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,684
100%
Compensation of Officers* $3,000
11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $876,554
Total Liabilities $0
Net Assets $876,554
Compensation
Key Employees and Officers Compensation Other
Karen D Thielen (Trustee) $0 $0
Michael Morgan (Trustee) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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