Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE MOREY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7350 E RIVER RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOUNT PLEASANT, MI48858
A Employer identification number

38-2965346
B Telephone number (see instructions)

(989) 317-0198
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$39,817,941J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 95,935 95,935  
4 Dividends and interest from securities... 600,484 600,484  
5a Gross rents............ 19,200 19,200  
b Net rental income or (loss) 19,200
6a Net gain or (loss) from sale of assets not on line 10 2,463,106
b Gross sales price for all assets on line 6a 9,572,848
7 Capital gain net income (from Part IV, line 2)... 2,463,106
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 121,103 119,051 11,350
12 Total. Add lines 1 through 11........ 3,299,828 3,297,776 11,350
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,286 18,485   26,700
14 Other employee salaries and wages...... 98,379     98,014
15 Pension plans, employee benefits....... 13,506 1,115   12,391
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,940 8,970   8,970
c Other professional fees (attach schedule).... Click to see attachment 200,177 200,177    
17 Interest............... -3,556      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 54,682 11,682    
19 Depreciation (attach schedule) and depletion... Click to see attachment 235,505    
20 Occupancy.............. 138,784 15,867 11,350 122,937
21 Travel, conferences, and meetings....... 2,803 420   2,383
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 288,887     285,651
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,092,393 256,716 11,350 557,046
25 Contributions, gifts, grants paid....... 794,936 797,436
26 Total expenses and disbursements. Add lines 24 and 25 1,887,329 256,716 11,350 1,354,482
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,412,499
b Net investment income (if negative, enter -0-) 3,041,060
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 15,987 37,895 37,895
2 Savings and temporary cash investments......... 764,457 1,784,494 1,784,494
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 20,480 10,122 10,122
10a Investments—U.S. and state government obligations (attach schedule) 1,823,046 Click to see attachment1,586,626 1,603,953
b Investments—corporate stock (attach schedule)....... 15,658,818 Click to see attachment17,177,630 24,533,182
c Investments—corporate bonds (attach schedule)....... 1,957,581 Click to see attachment1,676,018 1,676,907
11 Investments—land, buildings, and equipment: basis bullet131,158
Less: accumulated depreciation (attach schedule) bullet   131,158 Click to see attachment131,158 131,158
12 Investments—mortgage loans.............   110,750 107,533
13 Investments—other (attach schedule).......... 4,651,626 Click to see attachment4,104,717 5,685,218
14 Land, buildings, and equipment: basis bullet9,383,462
Less: accumulated depreciation (attach schedule) bullet5,170,851 4,427,781 Click to see attachment4,212,611 4,212,611
15 Other assets (describe bullet) Click to see attachment3,500 Click to see attachment34,868 Click to see attachment34,868
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,454,434 30,866,889 39,817,941
Liabilities 17 Accounts payable and accrued expenses.......... 10,953 11,209
18 Grants payable................. 57,500 55,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment2,200
23 Total liabilities (add lines 17 through 22)......... 68,453 68,409
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 29,385,981 30,798,480
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 29,385,981 30,798,480
30 Total liabilities and net assets/fund balances (see instructions). 29,454,434 30,866,889
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
29,385,981
2
Enter amount from Part I, line 27a .....................
2
1,412,499
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
30,798,480
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,798,480
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,572,848   7,109,742 2,463,106
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,463,106
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,463,106
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 42,271
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 42,271
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 38,989
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,989
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 19
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,699
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,699 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLON MOREY Telephone no.bullet (989) 317-0198

    Located atbullet7350 E RIVER RDMOUNT PLEASANTMI ZIP+4bullet48858
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LON MOREY PRESIDENT
    25.00     		24,038 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    LARRY NOCH TREAS/SEC
    5.00     		15,248 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    TERRA LYNN BOONE VP/TRUSTEE
    1.00     		1,500 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    KRISTA MOREY VP/TRUSTEE
    1.00     		1,500 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    GINA GENTILE VP/TRUSTEE
    1.00     		1,500 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    LAURA KING VP/TRUSTEE
    1.00     		1,500 0 0
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WELLS FARGO INVESTMENT 200,177
    PO BOX 2999
    MINNEAPOLIS,MN55402
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 GRANTS TO CRC OF ISABELLA COUNTY 400,687
    2 FUNDING OF MOREY FLEXTECH HS 281,476
    3 GRANTS TO MACKINAC CENTER FOR PUBLIC POLICY 230,000
    4 OPERATING MOREY EDUCATION CENTER 109,368
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    34,189,521
    b
    Average of monthly cash balances.......................
    1b
    26,862
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,054
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,251,437
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    34,251,437
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    513,772
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    33,737,665
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,686,883
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,686,883
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    42,271
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    42,271
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,644,612
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,644,612
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,644,612
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,644,612
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 99,795
    d From 2019...... 52,025
    e From 2020......  
    f Total of lines 3a through e ........ 151,820
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,374,817
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,374,817
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021. 151,820 151,820
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		117,975
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LON MOREY
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858
    (989) 317-0198
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM PREFERRED
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PRIMARY FOCUS IS ISABELLA COUNTY
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SEE ATTACHMENT
    7350 E RIVER RD
    MOUNT PLEASANT,MI48858     		N/A PC VARIOUS 797,436
    Total .................................bullet 3a 797,436
    bApproved for future payment
    MACKINAC CENTER FOR PUBLIC POLICY
    140 W MAIN ST
    MIDLAND,MI48640     		N/A PC MOREY FISCAL POLICY 55,000
    Total .................................bullet 3b 55,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 95,935  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 19,200  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,463,106  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRENTAL INCOME     		    16 11,350  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 2,052 3,297,776  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,299,828
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 17,940 8,970   8,970

    TY 2021 ContractorCompensationExpln
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Contractor Explanation
    WELLS FARGO INVESTMENT FEES

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING - 96 PURCHASES 1997-09-01 35,564 20,746 S/L 40.0000 889      
    COMPUTER CABLING 1997-10-21 29,495 29,495 S/L 5.0000        
    3 CHAIR CADY CARTS 1997-10-27 1,246 1,246 S/L 10.0000        
    SHELVING UNITS 1997-07-09 8,876 8,876 S/L 10.0000        
    INTERCOM SYSTEM 1997-07-22 14,760 14,760 S/L 7.0000        
    COUNTER CONSTRUCTION - RECEPTION 1997-08-04 4,456 4,456 S/L 10.0000        
    CUBICALS & LAMINATED SHELVES - K-ROOM 1997-08-04 1,636 1,636 S/L 10.0000        
    50 GRIP-A-STRIP SATIN - 95" 1997-07-10 2,104 2,104 S/L 10.0000        
    MINI BLINDS 1997-10-01 2,065 2,065 S/L 10.0000        
    FOLDING TABLE - 24X48 1997-09-24 79 79 S/L 10.0000        
    FOLDING TABLE - 30X60 1997-09-24 81 81 S/L 10.0000        
    250 FOLDING CHAIRS,DBL HNG STRAP 1997-08-20 3,355 3,355 S/L 10.0000        
    13 ZAPHYR CHAIRS 1997-09-25 1,135 1,135 S/L 10.0000        
    15 VERTIFCAL FILE FTR - NO LOCK 1997-09-25 1,372 1,372 S/L 10.0000        
    DESK, 6OX30 HONE 1997-09-25 375 375 S/L 10.0000        
    STORAGE CABINET, OCUNTER HGT 1997-07-17 160 160 S/L 10.0000        
    FOLDING TABLE 30X72 1997-08-26 86 86 S/L 10.0000        
    5 - MOBILE PED, FILE 1997-09-08 884 884 S/L 10.0000        
    4 ARM CHARIS GUEST BURGUNDY 1997-09-03 500 500 S/L 10.0000        
    6 OFFICE CHAIR SIDE SLED BS OAK/BLUE 1997-09-03 972 972 S/L 10.0000        
    CORNER TABLE - MED OAK 1997-09-03 100 100 S/L 10.0000        
    COFFEE TABLE 1997-09-03 125 125 S/L 10.0000        
    11 DESK DBL PEDESTAL, MED OAK 1997-09-03 2,750 2,750 S/L 10.0000        
    2 VERTICAL FILE W/LCK 1997-09-03 243 243 S/L 10.0000        
    DESK DRAWER - EXEC DESK 1997-09-03 69 69 S/L 10.0000        
    42" ROUND TABLE 1997-11-26 324 324 S/L 10.0000        
    116 OPEN FRONT / SOLID PLASTIC TOP 1997-09-23 7,946 7,946 S/L 10.0000        
    CONFERENCE TABLE - BOAT SHAPE 1997-07-24 212 212 S/L 10.0000        
    CONFERENCE TABLE, BOAT SHAPE 1997-07-24 324 324 S/L 10.0000        
    24 SWIVAL CHAIRS, SAPPHIRE/BLACK 1997-07-24 3,114 3,114 S/L 10.0000        
    40 12.5" HP BLUE 1997-09-25 1,120 1,120 S/L 10.0000        
    35 12.5" HP, CRANBERRY 1997-09-25 980 980 S/L 10.0000        
    45 13.5" HP, BLUE 1997-09-25 1,283 1,283 S/L 10.0000        
    45 13.5" HP, CRANBERRY 1997-09-25 1,283 1,283 S/L 10.0000        
    40 15.5" HP , BLUE 1997-09-25 1,240 1,240 S/L 10.0000        
    40 15.5" HP, CRAANBERRY 1997-09-25 1,240 1,240 S/L 10.0000        
    40 17.5" HP BLUE 1997-09-25 1,250 1,250 S/L 10.0000        
    40 17.5" HP CRANBERRY 1997-09-25 1,077 1,077 S/L 10.0000        
    20 - 30X48 INDAIN TEAK 3000 PED 1997-09-25 1,566 1,566 S/L 10.0000        
    20 - 30X60 INDIAN TEAK 3000 PED 1997-09-25 1,818 1,818 S/L 10.0000        
    3 - 48X72 INDIAN TEAK KIDNEY 1997-09-25 124 124 S/L 10.0000        
    33 WORKSTATIONS - 2 PERSON GRAY 30X60 TOP 1997-08-20 9,405 9,405 S/L 10.0000        
    16 - 4X10 LIGHTING MARKERS LT. GRAY 1997-08-08 6,256 6,256 S/L 6.0000        
    2 '4X6 LIGHTNING MARKER 1997-08-08 393 393 S/L 6.0000        
    3X5 LIGHTNING BOARD 1997-08-08 146 146 S/L 6.0000        
    4X5 LIGHTNING MARKER 1997-08-08 173 173 S/L 6.0000        
    32 4X6 VIN-TACK BRD 1997-08-08 2,900 2,900 S/L 10.0000        
    4 3X6 VIN-TAXK BOARD 1997-08-08 193 193 S/L 10.0000        
    FIRST AID COUCH 1997-07-21 235 235 S/L 10.0000        
    PLAYSTUCTURE/KIDSTOUGH PINE 4-12 YR 1997-09-24 6,259 6,259 S/L 10.0000        
    SWING 1997-09-25 921 921 S/L 10.0000        
    PLAYGROUND GYM EQUIPMENT 1997-08-27 472 472 S/L 10.0000        
    BACKSTOP 1997-09-25 885 885 S/L 20.0000        
    STAGE - MOVABLE 1997-12-10 3,505 3,505 S/L 10.0000        
    TREE GRATES - 8 1997-09-09 1,049 1,049 S/L 20.0000        
    TIMBER AROUND PLAYGROUND 1997-09-25 1,811 1,811 S/L 20.0000        
    LANDSCAPING 1997-10-01 4,585 4,585 S/L 20.0000        
    LAGOON SYSTEM 1997-12-10 143,991 143,991 S/L 20.0000        
    BUILDING - 1997 1997-09-01 1,611,034 939,770 S/L 40.0000 40,276      
    FENCINGS TRASH AREA 1997-09-25 1,190 1,190 S/L 20.0000        
    GUARD RAILS 1997-12-23 199 199 S/L 1.0000        
    MISC. LAND IMPROVEMENTS 1997-09-25 256 256 S/L 20.0000        
    PAPERTOWEL DISPENSER 1997-11-05 90 90 S/L 10.0000        
    VERTICAL FILES 1998-01-13 243 243 S/L 10.0000        
    MOBILE PED FILE W/ KEY (3) 1998-02-20 531 531 S/L 10.0000        
    DISPLAY RACK 1998-03-26 164 164 S/L 10.0000        
    7 BOOKCASES BKW53 1998-03-09 546 546 S/L 10.0000        
    17 BOOKCASES BKW54 1998-03-09 1,938 1,938 S/L 10.0000        
    4 BOOKCASES BKW56 1998-03-09 532 532 S/L 10.0000        
    10 E-Z FOLD TABLES TAR41 1998-03-09 7,520 7,520 S/L 10.0000        
    ALUM FRAME BOARD 1998-03-09 277 277 S/L 10.0000        
    LIT. DISPLAY RACK 1998-03-09 164 164 S/L 10.0000        
    UTILITY TABLE - MED OAK 1998-04-03 220 220 S/L 10.0000        
    DICTIONARY STAND - REVOLVING 1998-04-03 124 124 S/L 10.0000        
    90 X 36 WOOD TABLE (3) 1998-04-06 1,716 1,716 S/L 10.0000        
    60 X 36 WOOD TABLE 1998-04-06 373 373 S/L 10.0000        
    CHAIR, SWIVAL BASE 1998-03-27 103 103 S/L 10.0000        
    COOLER - 2 DOOR - SLIDING GLASS 1998-03-24 3,307 3,307 S/L 10.0000        
    FREEZER - 3 DOOR 1998-03-24 3,749 3,749 S/L 10.0000        
    SERVING COUNTER 1998-03-24 3,644 3,644 S/L 10.0000        
    8' X 30" STAINLESS STEEL WORK TABLE W/SINK 1998-03-24 1,969 1,969 S/L 10.0000        
    8'X30" STAINLESS STEEL WORK TABLE 1998-03-24 1,427 1,427 S/L 10.0000        
    3 COMPARTMENT SINK 1998-03-24 2,943 2,943 S/L 10.0000        
    DISH TABLE - STAINLESS STEEL 1998-03-24 1,661 1,661 S/L 10.0000        
    DISH TABLE - STAINLESS STEEL 1998-03-24 663 663 S/L 10.0000        
    DISHWASHER - HOBART AM-14 - CHEMICAL 1998-03-24 5,669 5,669 S/L 10.0000        
    STORAGE SHELVING - WIRE 1998-03-24 518 518 S/L 10.0000        
    36X14 WALL SHELVES (2) 1998-03-24 336 336 S/L 10.0000        
    WASTE DISPOSAL - 1 HP 1998-03-24 1,018 1,018 S/L 10.0000        
    TRAY DISPENSER CART 1998-03-24 864 864 S/L 10.0000        
    TRUCK 4 SLNTED/1FLT SHF BL37 1998-03-23 290 290 S/L 10.0000        
    REFRESHMENT CENTER CABINET 1998-03-23 210 210 S/L 10.0000        
    MAPS & MOUNTING - US/POLITICAL 1998-03-26 406 406 S/L 10.0000        
    MAPS & MOUNTING - 4 MAP SET 1998-03-26 759 759 S/L 10.0000        
    CHAIRS - INDIGO (22) 1998-03-25 3,355 3,355 S/L 10.0000        
    HYDROGEOLOGICAL INVESTIGATION 1998-05-15 6,647 6,647 S/L 20.0000        
    LANDSCAPING 1998-06-16 1,291 1,291 S/L 20.0000        
    BECKLY - CARDY 1998-05-14 658 658 S/L 10.0000        
    24X48 FOLDING TABLE- OAK (3) 1998-08-17 201 201 S/L 10.0000        
    30X60 FOLDING TABLE 1998-08-17 370 370 S/L 10.0000        
    30X72 FOLDING TABLE 1998-08-17 158 158 S/L 10.0000        
    4 DRAWER FILE CABINET (2) 1998-08-14 292 292 S/L 10.0000        
    PORTABLE BASKET BALL HOOPS (2) 1998-08-31 760 760 S/L 10.0000        
    PLUMBING 1998-08-31 900 503 S/L 40.0000 22      
    AWNING UPGRADE 1998-08-20 1,726 963 S/L 40.0000 44      
    LANDSCAPING 1998-08-15 250 250 S/L 20.0000        
    LAND IMPR - DALE MUELLER 1998-08-31 800 800 S/L 20.0000        
    12 GAL WASTEBASKETS (20) 1998-07-29 470 470 S/L 10.0000        
    NEW SWITCHES & EXHAUT FANS 1998-10-19 1,525 1,525 S/L 10.0000        
    KITCHEN OUTLETS 1998-11-24 125 69 S/L 40.0000 3      
    WATER SOFTENER 1998-11-11 3,772 3,772 S/L 10.0000        
    SHELVING/COUNTER TOPS 1998-12-09 739 739 S/L 10.0000        
    PHASE MONITOR FOR PUMP 1999-03-10 231 126 S/L 40.0000 6      
    ELECTRIC WORK 1999-02-25 198 108 S/L 40.0000 5      
    EQUIPMENT SCHOOL BECKLEY 1999-04-07 385 385 S/L 10.0000        
    FURNITURE SCHOOL BECKLEY CARDY 1999-04-07 7,489 7,489 S/L 10.0000        
    4 GYM PADS 1999-04-19 612 612 S/L 10.0000        
    TABLES 1999-06-11 608 608 S/L 10.0000        
    5 WORKSTATIONS 1999-06-11 1,945 1,945 S/L 10.0000        
    2 PANELS 1999-06-11 258 258 S/L 10.0000        
    LOCK ACCESS UNIT 1999-06-25 1,907 1,907 S/L 10.0000        
    CYLINDERS KEY SYSTEM 1999-06-25 904 904 S/L 10.0000        
    WOOD & PAINT GYM 1999-04-29 169 169 S/L 10.0000        
    KEYS FOR KEYED SWITCHES 1999-05-21 33 33 S/L 10.0000        
    5 COMFORTASK CHAIRS 1999-04-27 490 490 S/L 10.0000        
    10 COMFORT TASK CHAIRS 1999-08-18 980 980 S/L 10.0000        
    5 WORKSTATIONS 72X30X29.5 1999-08-18 1,945 1,945 S/L 10.0000        
    MULTI-TASK CHAIR 1999-08-18 135 135 S/L 10.0000        
    FILING CABINET 1999-11-05 115 115 S/L 10.0000        
    CHAIRS 1999-10-28 1,463 1,463 S/L 10.0000        
    5 PANELS 1999-11-05 645 645 S/L 10.0000        
    30 DESKS 1999-11-18 1,808 1,808 S/L 10.0000        
    WATER SOFTENER 2000-07-01 11,302 5,792 S/L 40.0000 283      
    SEED 1999-12-31 6,653 6,653 S/L 20.0000        
    COMPUTER DESKS & CONNECTION PIECES 2000-07-19 6,272 6,272 S/L 10.0000        
    88 17 1/2" COMBO UNIT 2000-08-15 6,455 6,455 S/L 10.0000        
    2 48"X72" KIDNEY TABLE 2000-08-15 278 278 S/L 10.0000        
    120 LECTURE DESK - ADJ HT 2000-08-15 7,328 7,328 S/L 10.0000        
    110 17 1/2" STACKING CHAIRS 2000-08-15 3,618 3,618 S/L 10.0000        
    50 15 1/2" STUDENT CHAIR 2000-08-15 1,614 1,614 S/L 10.0000        
    30 17 1/2" SCHOLAR CRAFT CHAIR - NAVY 2000-08-15 806 806 S/L 10.0000        
    18 ULTRA STAR TEACHER CHAIR 2000-08-15 1,180 1,180 S/L 10.0000        
    10 24"X60" RECT TABLE W/ PEDISTAL BASE 2000-08-15 806 806 S/L 10.0000        
    36"X72" WALNUT RACE TRACK CONFERENCE TABLE 2000-09-08 368 368 S/L 10.0000        
    8 30"X60" FOLDING TABLE 2000-09-08 1,330 1,330 S/L 10.0000        
    12 30"X72" MITY-LITE TABLE 2000-09-08 2,082 2,082 S/L 10.0000        
    4 UNDER DESK KEYBOARD DRAWER 2000-09-08 192 192 S/L 10.0000        
    FILE PEDESTAL 2000-09-08 227 227 S/L 10.0000        
    BOX FILE PEDESTAL 2000-09-08 241 241 S/L 10.0000        
    2 CENTER DRAWERS 2000-09-08 137 137 S/L 10.0000        
    5 FLAT BRACKETS 2000-09-08 60 60 S/L 10.0000        
    FILE MOBILE PEDESTAL 2000-09-08 232 232 S/L 10.0000        
    BOX FILE MOBILE PEDESTAL 2000-09-08 504 504 S/L 10.0000        
    36X24 WORKTABLE 2000-09-08 211 211 S/L 10.0000        
    24X72 WORKTABLE 2000-09-08 246 246 S/L 10.0000        
    60X24 WORKTABLE 2000-09-08 334 334 S/L 10.0000        
    CORNER WORKSTATION 2000-09-08 349 349 S/L 10.0000        
    48X24 WORKTABLE 2000-09-08 223 223 S/L 10.0000        
    26 - 4 DRAWER LETTER FILE W/LOCK 2000-09-08 3,835 3,835 S/L 10.0000        
    3 - 4 DRAWER LEGAL FILE W/ LOCK 2000-09-08 501 501 S/L 10.0000        
    17 30X60 DBL PEDESTAL DESK 2000-09-08 4,376 4,376 S/L 10.0000        
    30 X 48 SINGL EPEDESTAL DESK 2000-09-08 193 193 S/L 10.0000        
    48 STACK CHAIR - BLACK FRAME GRADE 1 FABRIC 2000-09-20 1,485 1,485 S/L 10.0000        
    44 TASK CHAIRS 2000-09-20 4,202 4,202 S/L 10.0000        
    JLG PERSONNEL LIFT 09000 2000-09-29 3,500 3,500 S/L 10.0000        
    CABINET - MED OAK 2501E 2000-09-21 590 590 S/L 10.0000        
    4 PERSON MODIFIED QUAD 2000-09-21 6,675 6,675 S/L 10.0000        
    18 PERSON MODIFIED QUAD 2000-09-21 24,000 24,000 S/L 10.0000        
    3 CABINETS - MED OAK 40076 2000-09-21 1,797 1,797 S/L 10.0000        
    2 POLY CHAIR CADDY 2000-09-20 189 189 S/L 10.0000        
    4 64X30X74 HANGING CHAIR CADDIE - 2 LEVEL 2000-09-20 1,054 1,054 S/L 10.0000        
    15' BENCH W/O BACK - WALL MOUNT 2000-08-15 255 255 S/L 10.0000        
    4 - 8' PLAYER BENCH W/BACK 2000-08-15 1,180 1,180 S/L 10.0000        
    15' PLAYER BENCH W/BACK 2000-08-15 579 579 S/L 10.0000        
    4 32 GAL LITTER RECEPTACLE 2000-08-15 552 552 S/L 10.0000        
    4 32 GAL RIGID PLASTIC LINER 2000-08-15 64 64 S/L 10.0000        
    32 GAL DOME TOP W/CHAIN W/ MOUNTINGS 2000-08-15 272 272 S/L 10.0000        
    2 ADA ACCESSIBLE ROUND TABLE 2000-08-15 1,008 1,008 S/L 10.0000        
    SEEDING 2000-08-17 1,274 1,274 S/L 20.0000        
    TOPSOIL 2000-08-14 1,920 1,920 S/L 20.0000        
    INITIAL BUILIDNG CONSTRUCTION 2000-07-01 5,881,264 3,014,148 S/L 40.0000 147,031      
    5 GUEST CHAIRS 2000-11-08 978 978 S/L 10.0000        
    2 TASK CHAIRS 2000-11-08 373 373 S/L 10.0000        
    CORNER TABLE 28X28 2000-11-08 90 90 S/L 10.0000        
    4 DRAWER LETTER FILE W/LOCK 2000-11-08 359 359 S/L 10.0000        
    STEEL BOOKCASE 2000-11-08 254 254 S/L 10.0000        
    2 FLAT BRACKET FOR 24" 2000-11-08 25 25 S/L 10.0000        
    HON CORNER TABLE 2000-11-08 329 329 S/L 10.0000        
    PENINSULA TOP 72X32 2000-11-08 194 194 S/L 10.0000        
    42X24 COMPUTER TABLE 2000-11-08 225 225 S/L 10.0000        
    6 TASK CHAIRS 2000-11-08 591 591 S/L 10.0000        
    2 MID BACK TASK CHAIR 2000-11-08 821 821 S/L 10.0000        
    60X24 DESK 2000-11-08 250 250 S/L 10.0000        
    SUPPORT COLUMN 2000-11-08 74 74 S/L 10.0000        
    CORNER COUNTER 2000-11-08 173 173 S/L 10.0000        
    STRAIGHT COUNTER TOP 49X15 2000-11-08 114 114 S/L 10.0000        
    END OF RUN KIT 2000-11-08 6 6 S/L 10.0000        
    3 90-180 DEGREE CONNECTOR 2000-11-08 36 36 S/L 10.0000        
    2 31X42 NON-RACEWAY PANEL 2000-11-08 225 225 S/L 10.0000        
    49X42 NON-RACEWAY PANEL 2000-11-08 154 154 S/L 10.0000        
    62X42 NON-RACEWAY PANEL 2000-11-08 183 183 S/L 10.0000        
    2 CENTER DRAWER 2000-11-08 119 119 S/L 10.0000        
    HON CORNER TABLE 2000-11-08 329 329 S/L 10.0000        
    4 GUEST ARM CHAIR-GRADE 4 FABRIC 2000-11-08 786 786 S/L 10.0000        
    60 18" STOOL 2000-11-08 2,348 2,348 S/L 10.0000        
    24 24"STOOL 2000-11-08 947 947 S/L 10.0000        
    2 HON TABLE-48X24 2000-11-08 512 512 S/L 10.0000        
    3 HON MOBILE PEDESTAL FILE BOX/BOX/FILE 2000-11-08 498 498 S/L 10.0000        
    3 HON MOBILE PEDESTAL FILE-FILE/FILE 2000-11-08 498 498 S/L 10.0000        
    2 MASTER KEY 2000-11-08 10 10 S/L 10.0000        
    12 WASTEBASKET STEEL BEIGE 44 QT. CAPACITY 2000-11-08 168 168 S/L 10.0000        
    BACKSTOP ELEM FIELD/FENCE PE FIELD 2000-10-20 13,919 13,919 S/L 20.0000        
    WHIRLPOOL FRIG & ICEMAKER 2000-10-05 525 525 S/L 10.0000        
    20" AUTO SCRUBBER 2000-11-27 2,995 2,995 S/L 10.0000        
    CX3 CARPET SPOT EXTRACTOR 2000-11-27 549 549 S/L 10.0000        
    STRAIGHT COUNTER TOP 62X15 2000-11-08 118 118 S/L 10.0000        
    INITIAL BLDG CONSTRUCTION 2000-10-11 219,472 111,108 S/L 40.0000 5,487      
    A/P VISUAL ENTITIES 2000-12-01 3,557 3,557 S/L 10.0000        
    COSTS TO COMPLETE 2001-01-31 20,576 10,245 S/L 40.0000 515      
    UNDERGROUND METER 2001-01-12 10,567 5,284 S/L 40.0000 264      
    30X60 HPL TOP/PVC EDGE 2001-01-02 2,261 2,261 S/L 10.0000        
    WASTEBASKETS 2001-01-02 360 360 S/L 10.0000        
    4 SINGLE SEAT LOUNGE 2001-01-09 1,282 1,282 S/L 10.0000        
    WOOD OAK SQUARE END TABLE 2001-01-09 274 274 S/L 10.0000        
    1 WOOD OAK SQUARE END 2001-01-09 277 277 S/L 10.0000        
    45 SLED BASE OAK ARMLESS CHAIR 2001-01-09 6,212 6,212 S/L 10.0000        
    SLED BASE LOUNGE COUCH 2001-01-09 698 698 S/L 10.0000        
    LIBRARY FURNITURE-SPECIAL 2001-01-08 19,230 19,230 S/L 10.0000        
    A/P AMER FURNITURE 2001-01-20 14,978 14,978 S/L 10.0000        
    A/P - HIGH SMITH FURNITURE 2001-02-13 3,830 3,830 S/L 10.0000        
    A/P HIGHSMITH FURN 2001-01-09 274 274 S/L 10.0000        
    COSTS TO COMPLETE 2001-06-08 65,000 32,639 S/L 39.0000 1,667      
    LANDSCAPING 2001-06-19 4,704 4,587 S/L 20.0000 117      
    LOCKERS 2003-12-08 5,040 5,040 S/L 10.0000        
    RED OAK DOORS 2004-03-29 1,070 1,070 S/L 10.0000        
    POTTERY KILN 2005-08-16 3,608 3,608 S/L 10.0000        
    OWEN'S WATER CONDITIONING SYSTEM 2007-08-06 56,590 56,590 S/L 10.0000        
    ASSMAN'S CARPET & FLOORING 2007-09-13 29,834 29,834 S/L 10.0000        
    OWEN'S SOFT WATER EXPANSION TANKS 2009-09-28 4,000 4,000 S/L 10.0000        
    ELECTRIC METER - BLOCK 2010-09-13 875 875 S/L 10.0000        
    PARKING LOT GATE 2010-11-29 1,893 1,893 S/L 10.0000        
    CARPET - PERCHA PAINT & WALLPAPER 2011-12-15 17,774 16,145 S/L 10.0000 1,629      
    OPTIPLEX 9010 DELL COMPUTER - ERIK 2013-01-02 1,254 1,003 S/L 10.0000 126      
    THREE WAY ZONE VALVES - G&S MECHANICAL 2013-03-15 2,048 1,604 S/L 10.0000 205      
    DOOR FOR MULTI-PURPOSE ROOM - JBS CONTRACTING 2013-01-10 5,638 4,510 S/L 10.0000 564      
    FURNACE - GYM 2013-12-03 2,900 514 S/L 40.0000 72      
    OFFICE FURNITURE-1ST CHOICE 2016-05-16 4,907 2,249 S/L 10.0000 491      
    RENOVATIONS FOR PICKARD ST 2016-05-16 20,000 2,292 S/L 40.0000 500      
    HIGH SCHOOL RENOVATION - JBS 2016-05-16 76,397 8,754 S/L 40.0000 1,910      
    CARPET - PEASLEY CARPET 2016-10-14 3,641 1,547 S/L 10.0000 365      
    ASPHALT PARKING LOT 2017-11-30 185,438 28,588 S/L 20.0000 9,272      
    ELEMENTARY SCHOOL SIGN 2017-09-22 11,146 3,622 S/L 10.0000 1,115      
    DEMO, PLUMBING, MASONRY, CABS-HS SCHOOL RENOV 2018-05-08 147,271 9,818 S/L 40.0000 3,682      
    EPSON BRIGHTLINK PROJECTOR 2018-04-20 7,920 3,520 S/L 6.0000 1,320      
    DOORS & WINDOWS-JBS RENOVATION 2018-05-08 19,815 5,284 S/L 10.0000 1,982      
    STUDS, DRYWALL, ACOUSTIC-JBS RENOVATION 2018-05-08 53,088 3,539 S/L 40.0000 1,327      
    FLOORING-JBS RENOVATION 2018-05-08 40,882 10,902 S/L 10.0000 4,088      
    PAINTING-JBS RENOVATION 2018-05-08 55,759 14,869 S/L 10.0000 5,576      
    ELECTRIC-JBS RENOVATION 2018-05-08 140,361 9,357 S/L 40.0000 3,509      
    WELL PUMP REPLACMENT & LABOR-TRAYER 2020-09-02 10,469 174 S/L 20.0000 524      
    SANITARY LIFE STATION PUMP REPLACEMENT 2021-03-10 10,350   S/L 20.0000 431      
    WELL LINE TANK REPAIR/REPLACEMENT-TRAYER 2021-08-04 9,985   S/L 20.0000 208      

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS-SEE ATTACHED 1,676,018 1,676,907

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS AND MUTUAL FUNDS-SEE ATTACHED 17,177,630 24,533,182

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    US Government Securities - End of Year Book Value:

    1,586,626
    US Government Securities - End of Year Fair Market Value:

    1,603,953
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 InvestmentsLandSchedule2
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - RENTAL 131,158   131,158 131,158

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COMPLEMENTARY STRATEGIES-SEE ATTACHE AT COST 4,104,717 5,685,218

    TY 2021 LandEtcSchedule2
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FIXED ASSETS 9,350,673 5,170,851 4,179,822 4,179,822
    LAND - SCHOOL 32,789   32,789 32,789


    TY 2021 OtherAssetsSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT - NEW OFFICE 1,200    
    PREPAID FEDERAL EXCISE TAX 2,300    
    OTHER RECEIVABLE   34,868 34,868


    TY 2021 OtherExpensesSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    SUPPLIES 2,232     2,232
    MISC. 3,311      
    OTHER EXPENSES 1,943     1,943
    FUNDING OF MOREY FLEXTECH HS 281,476     281,476
    TAX EXEMPT-K-1S -75      


    TY 2021 OtherIncomeSchedule2
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM K-1S 105,723 105,723  
    MISC INCOME 1,978 1,978  
    SIGULAR K-1 UBI 2,052    
    RENTAL INCOME 11,350 11,350 11,350


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE   2,200


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT SERVICES 200,177 200,177    


    TY 2021 TaxesSchedule
    Name:
    THE MOREY FOUNDATION
    EIN:
    38-2965346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 43,000      
    TAXES - OTHER 11,682 11,682