Frank And Carol Morsani Foundation Inc

Tampa, FL
Tax-exempt since June 1999
EIN: 59-3543872

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$24.8k (2023)

Expenses

$51.4k (2023)

Total Assets

$98.3k (2023)

Total Liabilities

$0 (2023)

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 Aug.
2023

Revenue

$24,804

Expenses

$51,402

Net Income

-$26,598

Net Assets

$98,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,830	11.4%
Interest Revenue	$0
Dividends	$5,732	23.1%
Sales of Assets	$16,242	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,415	2.8%
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	$98,348
Total Liabilities	$0
Net Assets	$98,348

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (President)	$0	$0
Carol D Morsani (Vice President)	$0	$0
Leanne M Rowe (Director)	$0	$0
Larry Anderson (Director)	$0	$0
Suzy Anderson (Director)	$0	$0

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990-PF

Filed on June 17, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Aug.
2022

Revenue

$43,983

Expenses

$47,264

Net Income

-$3,281

Net Assets

$124,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.0%
Dividends	$6,232	14.2%
Sales of Assets	$35,204	80.0%
Other Income	$2,531	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$124,946
Total Liabilities	$0
Net Assets	$124,946

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (President)	$0	$0
Carol D Morsani (Vice President)	$0	$0
Leanne M Rowe (Director)	$0	$0
Larry Anderson (Director)	$0	$0
Suzy Anderson (Director)	$0	$0

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990-PF

Filed on July 11, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Aug.
2021

Revenue

$18,565

Expenses

$48,921

Net Income

-$30,356

Net Assets

$128,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,289	39.3%
Sales of Assets	$11,276	60.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$750	1.5%
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	$128,227
Total Liabilities	$0
Net Assets	$128,227

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (President)	$0	$0
Carol D Morsani (Vice President)	$0	$0
Leanne M Rowe (Director)	$0	$0
Larry Anderson (Director)	$0	$0
Suzy Anderson (Director)	$0	$0

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990-PF

Filed on July 14, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2020

Revenue

-$337

Expenses

$49,747

Net Income

-$50,084

Net Assets

$158,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,413
Sales of Assets	$0
Other Income	$1

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$158,583
Total Liabilities	$1
Net Assets	$158,582

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0

990-PF

Filed on July 9, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Aug.
2019

Revenue

$20,005

Expenses

$54,701

Net Income

-$34,696

Net Assets

$208,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,887	54.4%
Sales of Assets	$9,115	45.6%
Other Income	$3	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$208,667
Total Liabilities	$1
Net Assets	$208,666

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0

990-PF

Filed on June 30, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2018

Revenue

$65,616

Expenses

$63,484

Net Income

$2,132

Net Assets

$243,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$60,000	91.4%
Interest Revenue	$0
Dividends	$10,707	16.3%
Sales of Assets	-$5,091
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$243,363
Total Liabilities	$0
Net Assets	$243,363

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0

990-PF

Filed on July 16, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2017

Revenue

$1,073,510

Expenses

$4,088,156

Net Income

-$3,014,646

Net Assets

$241,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	0.9%
Interest Revenue	$0
Dividends	$105,682	9.8%
Sales of Assets	$950,459	88.5%
Other Income	$7,369	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000,000	97.8%
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	$241,231
Total Liabilities	$0
Net Assets	$241,231

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0

990-PF

Filed on July 16, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2016

Revenue

$965,736

Expenses

$1,097,982

Net Income

-$132,246

Net Assets

$3,255,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$181,595	18.8%
Sales of Assets	$782,000	81.0%
Other Income	$2,141	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,000	91.1%
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	$3,255,877
Total Liabilities	$0
Net Assets	$3,255,877

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0

990-PF

Filed on July 17, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2015

Revenue

$556,354

Expenses

$1,137,159

Net Income

-$580,805

Net Assets

$3,388,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$192,352	34.6%
Sales of Assets	$357,581	64.3%
Other Income	$6,421	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,025,000	90.1%
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	$3,388,123
Total Liabilities	$0
Net Assets	$3,388,123

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0
Alan Higbee (Director)	$0	$0

990-PF

Filed on July 13, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2014

Revenue

$428,860

Expenses

$1,451,001

Net Income

-$1,022,141

Net Assets

$3,968,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	2.3%
Interest Revenue	$0
Dividends	$198,492	46.3%
Sales of Assets	$218,875	51.0%
Other Income	$1,493	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,325,000	91.3%
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	$3,968,928
Total Liabilities	$0
Net Assets	$3,968,928

Compensation

Key Employees and Officers	Compensation	Other
Frank L Morsani (Director)	$0	$0
Carol D Morsani (Director)	$0	$0
Alan Higbee (Director)	$0	$0

990-PF

Filed on July 14, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2013

Revenue

$368,232

Expenses

$971,216

Net Income

-$602,984

Net Assets

$4,991,068

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	1.4%
Interest Revenue	$0
Dividends	$204,318	55.5%
Sales of Assets	$157,322	42.7%
Other Income	$1,592	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$850,000	87.5%
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	$4,991,069
Total Liabilities	$1
Net Assets	$4,991,068

990-PF

Filed on July 30, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2012

Revenue

$593,033

Expenses

$2,824,444

Net Income

-$2,231,411

Net Assets

$5,594,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	1.7%
Interest Revenue	$0
Dividends	$254,907	43.0%
Sales of Assets	$319,524	53.9%
Other Income	$8,602	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,300,000	81.4%
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	$5,594,053
Total Liabilities	$0
Net Assets	$5,594,053

990-PF

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

PDF

Fiscal Year Ending Aug.
2011

Revenue

$376,818

Expenses

$1,384,763

Net Income

-$1,007,945

Net Assets

$7,825,464

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	4.0%
Interest Revenue	$0
Dividends	$310,321	82.4%
Sales of Assets	$49,970	13.3%
Other Income	$1,527	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,279,000	92.4%
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	$7,825,464
Total Liabilities	$0
Net Assets	$7,825,464

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

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Frank And Carol Morsani Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $24.8k (2023)

Expenses $51.4k (2023)

Total Assets $98.3k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2011

Revenue

$24.8k (2023)

Expenses

$51.4k (2023)

Total Assets

$98.3k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Aug.
2023

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2022

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2017

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2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
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Fiscal Year Ending Aug.
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Fiscal Year Ending Aug.
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Fiscal Year Ending Aug.
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Fiscal Year Ending Aug.
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