Frank A Morbeck Community Foundation Inc

Wallace, ID
Tax-exempt since June 1999
EIN: 82-0509175

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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

$338k (2024)

Expenses

$182k (2024)

Total Assets

$3.08M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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

Revenue

$337,942

Expenses

$182,097

Net Income

$155,845

Net Assets

$3,083,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,474	0.7%
Dividends	$103,245	30.6%
Sales of Assets	$232,223	68.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,142	83.0%
Compensation of Officers*	$5,650	3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,083,752
Total Liabilities	$0
Net Assets	$3,083,752

Compensation

Key Employees and Officers	Compensation	Other
Julie Magnuson (Secretary/Treas)	$5,000	$0
Michael Branstetter (President)	$100	$0
Dick Vester (Vice President)	$100	$0
Marilyn White (Director)	$100	$0
Chris Lund (Director)	$100	$0
Kathy Zanetti (Director)	$100	$0
Bill Mooney (Director)	$100	$0
Jenniffer Carrico (Director)	$50	$0

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990-PF

Filed on Nov. 17, 2025

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

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XML

Fiscal Year Ending Dec.
2023

Revenue

$127,657

Expenses

$187,703

Net Income

-$60,046

Net Assets

$2,893,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,785	9.2%
Dividends	$63,745	49.9%
Sales of Assets	$52,127	40.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$155,683	82.9%
Compensation of Officers*	$10,600	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,893,180
Total Liabilities	$0
Net Assets	$2,893,180

Compensation

Key Employees and Officers	Compensation	Other
Julie Magnuson (Secretary)	$10,000	$0
Michael K Branstetter (President/Direc)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Chris Lund (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Dick L Vester (Director/Vp)	$50	$0
Kathy Zanetti (Director)	$50	$0

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990-PF

Filed on April 18, 2024

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

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PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$105,927

Expenses

$182,699

Net Income

-$76,772

Net Assets

$2,953,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,130	2.0%
Dividends	$48,097	45.4%
Sales of Assets	$55,700	52.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$159,729	87.4%
Compensation of Officers*	$600	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,953,226
Total Liabilities	$0
Net Assets	$2,953,226

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Chris Lund (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Kathy Zanetti (Director)	$0	$0
Julie Magnuson (Secretary)	$0	$0

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990-PF

Filed on April 27, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$210,120

Expenses

$191,602

Net Income

$18,518

Net Assets

$3,030,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$92,946	44.2%
Sales of Assets	$117,171	55.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$163,919	85.6%
Compensation of Officers*	$5,700	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,030,495
Total Liabilities	$0
Net Assets	$3,030,495

Compensation

Key Employees and Officers	Compensation	Other
Julie Magnuson (Secretary)	$5,000	$0
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Chris Lund (Director)	$100	$0
Kathy Zanetti (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0

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990-PF

Filed on May 2, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

-$71,723

Expenses

$178,656

Net Income

-$250,379

Net Assets

$3,022,183

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23
Dividends	$57,414
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,648	84.9%
Compensation of Officers*	$4,650	2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,022,184
Total Liabilities	$1
Net Assets	$3,022,183

Compensation

Key Employees and Officers	Compensation	Other
Julie Magnuson (Secretary)	$4,000	$0
Michael K Branstetter (President/Direc)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Robert Ranells (Director)	$100	$0
Kathy Zanetti (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Dick L Vester (Director/Vp)	$50	$0

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990-PF

Filed on March 16, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$251,569

Expenses

$138,653

Net Income

$112,916

Net Assets

$3,263,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,673	41.6%
Interest Revenue	$175	0.1%
Dividends	$88,890	35.3%
Sales of Assets	$57,831	23.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,397	86.1%
Compensation of Officers*	$600	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,263,546
Total Liabilities	$1
Net Assets	$3,263,545

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Robert Ranells (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Kathy Zanetti (Director)	$0	$0
Julie Magnuson (Secretary)	$0	$0

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990-PF

Filed on April 7, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$243,489

Expenses

$203,633

Net Income

$39,856

Net Assets

$3,150,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$89,357	36.7%
Sales of Assets	$154,118	63.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,345	89.1%
Compensation of Officers*	$600	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,150,630
Total Liabilities	$0
Net Assets	$3,150,630

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Robert Ranells (Director)	$50	$0
Kathy Zanetti (Director)	$50	$0
Julie Magnuson (Secretary)	$0	$0

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990-PF

Filed on April 9, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$217,216

Expenses

$187,653

Net Income

$29,563

Net Assets

$3,110,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$67,086	30.9%
Sales of Assets	$150,128	69.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$169,544	90.3%
Compensation of Officers*	$600	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,110,774
Total Liabilities	$0
Net Assets	$3,110,774

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Robert Ranells (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Dick L Vester (Director/Vp)	$50	$0
Kathy Zanetti (Director)	$50	$0

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990-PF

Filed on March 13, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$116,325

Expenses

$160,185

Net Income

-$43,860

Net Assets

$3,094,611

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$52,107	44.8%
Sales of Assets	$64,218	55.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$141,056	88.1%
Compensation of Officers*	$600	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,094,611
Total Liabilities	$0
Net Assets	$3,094,611

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Robert Ranells (Director)	$100	$0
Kathy Zanetti (Director)	$50	$0
Jenniffer Carrico (Director)	$50	$0

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990-PF

Filed on April 10, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$189,911

Expenses

$193,410

Net Income

-$3,499

Net Assets

$3,125,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$66,200	34.9%
Sales of Assets	$123,711	65.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$174,503	90.2%
Compensation of Officers*	$650	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,125,723
Total Liabilities	$0
Net Assets	$3,125,723

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Robert Ranells (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Kathy Zanetti (Director)	$50	$0

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990-PF

Filed on March 4, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$334,455

Expenses

$202,651

Net Income

$131,804

Net Assets

$3,129,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$86,604	25.9%
Sales of Assets	$247,850	74.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$182,781	90.2%
Compensation of Officers*	$650	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,129,222
Total Liabilities	$0
Net Assets	$3,129,222

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Dick L Vester (Director/Vp)	$100	$0
Bill Mooney (Director)	$100	$0
Robert Rannells (Director)	$100	$0
Kathy Zanetti (Director)	$100	$0
Jenniffer Carrico (Director)	$100	$0
Marilyn White (Director/Sec.)	$50	$0

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990-PF

Filed on March 10, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$220,597

Expenses

$200,005

Net Income

$20,592

Net Assets

$2,997,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$69,141	31.3%
Sales of Assets	$151,455	68.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,255	89.6%
Compensation of Officers*	$500	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,997,418
Total Liabilities	$0
Net Assets	$2,997,418

Compensation

Key Employees and Officers	Compensation	Other
Michael K Branstetter (President/Direc)	$100	$0
Bill Mooney (Director)	$100	$0
Marilyn White (Director/Sec.)	$100	$0
Dick L Vester (Director/Vp)	$50	$0
Robert Rannells (Director)	$50	$0
Kathy Zanetti (Director)	$50	$0
Jenniffer Carrico (Director)	$50	$0

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990-PF

Filed on April 4, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$199,786

Expenses

$187,784

Net Income

$12,002

Net Assets

$2,916,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$104,186	52.1%
Sales of Assets	$95,599	47.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$169,991	90.5%
Compensation of Officers*	$600	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,916,259
Total Liabilities	$1
Net Assets	$2,916,258

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$136,858

Expenses

$154,782

Net Income

-$17,924

Net Assets

$2,904,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$109,116	79.7%
Sales of Assets	$27,741	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$148,674	96.1%
Compensation of Officers*	$550	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,904,257
Total Liabilities	$0
Net Assets	$2,904,257

990-PF

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

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

PDF

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Frank A Morbeck Community Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $338k (2024)

Expenses $182k (2024)

Total Assets $3.08M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$338k (2024)

Expenses

$182k (2024)

Total Assets

$3.08M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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