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Morgan E Cline Perpetual Charitable Foundation

Michael D Craver 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.28M (2023)

Expenses
$2.05M (2023)

Total Assets
$14.5M (2023)

Total Liabilities
$150k (2023)

Source: Form 990 tax filings from 2015 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,280,364
Expenses
$2,047,823
Net Income
-$767,459
Net Assets
$14,329,876
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $295,774
23.1%
Sales of Assets -$85,462
Other Income $613,055
47.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $898,701
43.9%
Compensation of Officers* $189,000
9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,480,107
Total Liabilities $150,231
Net Assets $14,329,876
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $149,000 $4,400
Lindsey Varese (Kitchen Manager) $58,405 $2,400
Penny Exline (Front Desk Manager) $57,850 $2,400
Kerry Morlan (Senior Line Cook) $56,867 $3,191
Michael Craver Esq (Chair) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Ann Young (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Bill Buss (Trustee) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
Jerry Kirkpatrick (Trustee) $5,000 $0
Connie Stater (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,757,703
Expenses
$1,997,789
Net Income
-$240,086
Net Assets
$13,576,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $266,451
15.2%
Sales of Assets $410,415
23.3%
Other Income $613,745
34.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $812,323
40.7%
Compensation of Officers* $161,561
8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,712,032
Total Liabilities $135,303
Net Assets $13,576,729
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $121,561 $4,464
Kerry Morlan (Senior Line Cook) $55,643 $2,147
Lindsey Varese (Kitchen Supervisor) $53,775 $2,077
Penny Exline (Front Desk Superviso) $53,747 $2,074
Michael Craver Esq (Chair) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Ann Young (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Bill Buss (Trustee) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
Jerry Kirkpatrick (Trustee) $5,000 $0
Connie Stater (Trustee) $5,000 $0
James Milani Esq (Trustee Passed Spring 2022) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,599,702
Expenses
$2,173,737
Net Income
$425,965
Net Assets
$16,636,055
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $344,826
13.3%
Interest Revenue $0
Dividends $255,188
9.8%
Sales of Assets $899,852
34.6%
Other Income $634,562
24.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $968,692
44.6%
Compensation of Officers* $145,833
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,803,202
Total Liabilities $167,147
Net Assets $16,636,055
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $110,833 $3,665
Tena Stansberry (Manager Tch) $65,282 $5,428
Kerry Morlan (Senior Line Cook) $56,591 $2,038
Michael Craver Esq (Chair) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Ann Young (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
James Milani Esq (Trustee) $5,000 $0
Connie Stater (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,433,344
Expenses
$1,548,377
Net Income
-$115,033
Net Assets
$15,764,070
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $244,208
17.0%
Sales of Assets $447,530
31.2%
Other Income $447,774
31.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $701,050
45.3%
Compensation of Officers* $137,777
8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,275,988
Total Liabilities $511,918
Net Assets $15,764,070
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $102,777 $3,083
Tena Stansberry (Manager Tch) $60,295 $6,382
Michael Craver Esq (Chair) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Connie Stater (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
Ann Young (Trustee) $5,000 $0
James Milani Esq (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,525,585
Expenses
$1,607,244
Net Income
-$81,659
Net Assets
$15,006,619
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $327,834
21.5%
Sales of Assets $266,637
17.5%
Other Income $476,702
31.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $570,771
35.5%
Compensation of Officers* $133,685
8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,181,319
Total Liabilities $174,700
Net Assets $15,006,619
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $98,000 $2,940
Tena Stansberry (Manager Tch) $55,784 $6,861
Michael Craver Esq (President) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Connie Stater (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
Ann Young (Trustee) $5,000 $0
James Milani Esq (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,728,785
Expenses
$1,592,951
Net Income
$135,834
Net Assets
$13,234,536
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $108,657
6.3%
Interest Revenue $0
Dividends $297,425
17.2%
Sales of Assets $476,424
27.6%
Other Income $531,771
30.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $748,491
47.0%
Compensation of Officers* $133,738
8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,391,191
Total Liabilities $156,655
Net Assets $13,234,536
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $98,738 $3,489
Tena Stansberry (Manager Tch) $55,931 $5,691
Ann Young (Chairperson) $5,000 $0
Frank Reznicek (Vice Chair) $5,000 $0
Connie Stater (Secretary) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0
Michael Craver Esq (Trustee) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
James Milani Esq (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,244,578
Expenses
$1,696,027
Net Income
-$451,449
Net Assets
$14,319,299
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
0.4%
Interest Revenue $0
Dividends $109,377
8.8%
Sales of Assets $109,810
8.8%
Other Income $533,410
42.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $533,492
31.5%
Compensation of Officers* $134,955
8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,502,701
Total Liabilities $183,402
Net Assets $14,319,299
Compensation
Key Employees and Officers Compensation Other
Alison Fraser (Ceo) $97,776 $2,179
Tena Stansberry (Manager Tch) $55,247 $3,600
Frank Reznicek (Vice Chair) $5,000 $0
Connie Stater (Secretary) $5,000 $0
James Milani Esq (Trustee) $5,000 $0
Ann Young (Chairperson) $5,000 $0
Vanessa Fraser (Trustee) $5,000 $0
Michael Craver Esq (Trustee) $5,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,407,030
Expenses
$1,120,697
Net Income
$8,286,333
Net Assets
$13,601,370
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,828,351
93.8%
Interest Revenue $0
Dividends $60,103
0.6%
Sales of Assets $105,219
1.1%
Other Income $216,836
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $589,699
52.6%
Compensation of Officers* $184,459
16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,844,656
Total Liabilities $243,286
Net Assets $13,601,370
Compensation
Key Employees and Officers Compensation Other
William Burch (Ceo) $111,901 $7,108
Vanessa Fraser (Trustee) $10,005 $0
Frank Reznicek (Vice Chair) $10,000 $0
Connie Stater (Secretary) $10,000 $0
James Milani Esq (Trustee) $10,000 $0
Ann Young (Chairperson) $10,000 $0
Michael Craver Esq (Trustee) $10,000 $0
The Iowa Trust And Savings Bank (Corporate Trustee/Treasurer) $5,450 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,050,000
Expenses
$4,385
Net Income
$5,045,615
Net Assets
$5,045,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,050,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,385
100%
Compensation of Officers* $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 $5,045,615
Total Liabilities $0
Net Assets $5,045,615

Document Links

About 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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