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Nonprofit · EIN 95-4279684

JESS & PALMA MORGAN FOUNDATION

Tax-exempt · LOS ANGELES, CA 90067

Financials

−$82K$489K2023$603K$496K2024
Revenue Expenses · by fiscal year end
Financials of JESS & PALMA MORGAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$603,403$496,162$107,241$5,564,658$0$5,564,658
December 31, 2023990-PF-$82,295$488,950-$571,245$5,411,493$0$5,411,493
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$174,765
Interest
$20,124
Net rental income
-$14,330
Net gain from sales of assets
$408,012
Other income
$502

Expenses

Grants and similar amounts paid
$317,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$317,500
Excise tax on investment income
$7,231

Balance sheet and other

Total assets, start of year
$5,411,493
Total assets, end of year
$5,564,658
Total liabilities, end of year
$0
Net assets, end of year
$5,564,658
Fair market value of assets
$6,876,197
Qualifying distributions
$317,500
Net investment income
$602,901

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GARY LEVENSTEIN
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
SECRETARY & DIRECTOR0$0
SUSAN J OLLWEILER
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
PRESIDENT & DIRECTOR0$0
GENE TORNCELLO
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
VICE PRESIDENT & DIRECTOR0$0
TIMOTHY D BODNER
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
CHIEF FINANCIAL OFFICER0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
GARY LEVENSTEIN
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
SECRETARY & DIRECTOR0$0
SUSAN J OLLWEILER
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
PRESIDENT & DIRECTOR0$0
GENE TORNCELLO
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
VICE PRESIDENT & DIRECTOR0$0
TIMOTHY D BODNER
2049 CENTURY PARK EAST 1400, LOS ANGELES, CA 90067
CHIEF FINANCIAL OFFICER0$0

Address and contacts

Address (IRS master file)
2049 CENTURY PARK E STE 1400, LOS ANGELES, CA 90067-3116
Signed the 990-PF
SUSAN J OLLWEILER, PRESIDENT
Phone
(323) 634-2400
Return prepared by
GROUND CONTROL BUSINESS MANAGEMENT

California records

California keeps its own records of charities and corporations. Search them by EIN 95-4279684 or by the name JESS & PALMA MORGAN FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
95-4279684
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1990
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$5,564,658
Income (IRS master file)
$1,830,106

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$603,403$496,162$5,564,658XML
990-PFDecember 2023-$82,295$488,950$5,411,493XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-4279684).

Questions about JESS & PALMA MORGAN FOUNDATION

What is the EIN of JESS & PALMA MORGAN FOUNDATION?
The employer identification number (EIN) of JESS & PALMA MORGAN FOUNDATION is 95-4279684.
Is JESS & PALMA MORGAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to JESS & PALMA MORGAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does JESS & PALMA MORGAN FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of JESS & PALMA MORGAN FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JESS & PALMA MORGAN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of JESS & PALMA MORGAN FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does JESS & PALMA MORGAN FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $603,403, expenses of $496,162 and total assets of $5,564,658 at year end.

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