The Elizabeth Morse Charitable Trust 2620341200

Chicago, IL
Tax-exempt since June 1993
EIN: 36-6999365

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$2.22M (2023)

Expenses

$3.14M (2023)

Total Assets

$44M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$2,221,085

Expenses

$3,137,849

Net Income

-$916,764

Net Assets

$44,015,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,149,262	51.7%
Sales of Assets	$1,071,823	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,760,980	88.0%
Compensation of Officers*	$587,335	18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,015,590
Total Liabilities	$0
Net Assets	$44,015,590

Compensation

Key Employees and Officers	Compensation	Other
James L Alexander (Trustee)	$324,679	$0
Jpmorgan Chase Bank Na (Trustee)	$262,656	$0
Melissa R Phipps (Program Officer)	$80,036	$30,249

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$3,445,763

Expenses

$3,424,756

Net Income

$21,007

Net Assets

$44,928,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,030,912	29.9%
Sales of Assets	$2,414,851	70.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,064,804	89.5%
Compensation of Officers*	$602,935	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,928,608
Total Liabilities	$0
Net Assets	$44,928,608

Compensation

Key Employees and Officers	Compensation	Other
James L Alexander (Trustee)	$333,338	$0
Jpmorgan Chase Bank Na (Trustee)	$269,597	$0
Melissa R Phipps (Program Officer)	$77,885	$20,484

990-PF

Filed on Nov. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$3,282,688

Expenses

$3,040,903

Net Income

$241,785

Net Assets

$44,902,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,157,495	35.3%
Sales of Assets	$2,079,901	63.4%
Other Income	$45,292	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,626,907	86.4%
Compensation of Officers*	$658,568	21.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,902,817
Total Liabilities	$0
Net Assets	$44,902,817

Compensation

Key Employees and Officers	Compensation	Other
James L Alexander (Trustee)	$362,925	$0
Jpmorgan Chase Bank Na (Trustee)	$295,643	$0
Melissa R Phipps (Program Officer)	$73,755	$18,614

990-PF

Filed on Nov. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$5,090,266

Expenses

$2,996,730

Net Income

$2,093,536

Net Assets

$44,668,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$846,540	16.6%
Sales of Assets	$4,179,405	82.1%
Other Income	$64,321	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,634,705	87.9%
Compensation of Officers*	$563,138	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,668,391
Total Liabilities	$1
Net Assets	$44,668,390

Compensation

Key Employees and Officers	Compensation	Other
James L Alexander (Trustee)	$312,986	$0
Jpmorgan Chase Bank Na (Trustee)	$250,152	$0
Melissa R Phipps (Program Officer)	$70,061	$16,718

990-PF

Filed on Nov. 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$5,277,301

Expenses

$3,195,964

Net Income

$2,081,337

Net Assets

$42,573,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,167,422	22.1%
Sales of Assets	$4,109,879	77.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,681,870	83.9%
Compensation of Officers*	$557,785	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,573,030
Total Liabilities	$0
Net Assets	$42,573,030

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,697,083

Expenses

$2,933,030

Net Income

-$235,947

Net Assets

$41,654,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$792,919	29.4%
Sales of Assets	$1,905,204	70.6%
Other Income	-$1,040

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,593,617	88.4%
Compensation of Officers*	$530,580	18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,654,579
Total Liabilities	$0
Net Assets	$41,654,579

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$4,070,140

Expenses

$2,810,415

Net Income

$1,259,725

Net Assets

$40,570,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$812,939	20.0%
Sales of Assets	$2,167,657	53.3%
Other Income	$1,089,544	26.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,442,640	86.9%
Compensation of Officers*	$530,016	18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,570,769
Total Liabilities	$0
Net Assets	$40,570,769

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,064,253

Expenses

$2,530,269

Net Income

-$1,466,016

Net Assets

$39,825,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,014,641	95.3%
Sales of Assets	$0
Other Income	$276,382	26.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,197,516	86.8%
Compensation of Officers*	$475,882	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,825,457
Total Liabilities	$0
Net Assets	$39,825,457

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2012

Revenue

$1,759,725

Expenses

$2,289,185

Net Income

-$529,460

Net Assets

$41,846,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$827,866	47.0%
Sales of Assets	$924,359	52.5%
Other Income	$7,500	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,027,739	88.6%
Compensation of Officers*	$424,066	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,846,017
Total Liabilities	$0
Net Assets	$41,846,017

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$903,642

Expenses

$2,380,029

Net Income

-$1,476,387

Net Assets

$42,125,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$782,619	86.6%
Sales of Assets	$51,834	5.7%
Other Income	$69,189	7.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,237,614	94.0%
Compensation of Officers*	$424,213	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,125,298
Total Liabilities	$0
Net Assets	$42,125,298

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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.

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Updated September 25, 2025

The Elizabeth Morse Charitable Trust 2620341200

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.22M (2023)

Expenses $3.14M (2023)

Total Assets $44M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

Revenue

$2.22M (2023)

Expenses

$3.14M (2023)

Total Assets

$44M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001