MANGAS FAMILY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MANGAS FAMILY FOUNDATION INC (EIN 81-4612866)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-16
- IRS object ID
- 202402609349100710
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-16T07:45:55-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 364702964 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lee Mongelli & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6530 S YOSEMITE ST 300 | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 814612866 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANGAS FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MANG | BusinessNameControlTxt |
| Phone | 7179173416 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BROOKHAVEN LANE | AddressLine1Txt |
| City | LITTLETON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80123 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS MANGAS | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2024-09-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARY MONGELLI | PreparerPersonNm |
| PTIN | P01326587 | PTIN |
| Phone | 3037211408 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $48 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $48 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $48 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $25,386 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $25,386 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $25,386 | DividendsAdjNetIncmAmt |
| Gross Sales Price | $21,576 | GrossSalesPriceAmt |
| Total Rev And Expnss | $25,434 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $25,434 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $25,434 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $795 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $795 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $484 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $484 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $1,279 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,279 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $48,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $48,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $49,779 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,279 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $48,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$24,345 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $24,155 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $25,434 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $8,875 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,695 | SavAndTempCashInvstEOYAmt |
| Corporate Stock BOY | $836,308 | CorporateStockBOYAmt |
| Corporate Stock EOY | $952,963 | CorporateStockEOYAmt |
| Total Assets BOY | $845,183 | TotalAssetsBOYAmt |
| Total Assets EOY | $959,658 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $845,183 | CapitalStockBOYAmt |
| Capital Stock EOY | $959,658 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $845,183 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $959,658 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $845,183 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $959,658 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $845,183 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$24,345 | ExcessRevenueOverExpensesAmt |
| Other Increases | $138,820 | OtherIncreasesAmt |
| Subtotal | $959,658 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $959,658 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| SCHWAB TREASURY OBLIG (ST) | P | 2023-01-01 | 2023-12-31 | $1 | $1 |
| 60 INVSC QQQ TRUST SRS 1 | P | 2023-01-01 | 2023-08-21 | $21,575 | $21,575 |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $336 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $336 | SubtotalAmt |
| Tax Based On Investment Income | $336 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $336 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALLISON C MANGAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5133745452 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BROOKHAVEN LN | AddressLine1Txt |
| City | LITTLETON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS MANGAS | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BROOKHAVEN LN | AddressLine1Txt |
| City | LITTLETON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | President | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 0.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $894,636 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,785 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $902,421 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $902,421 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $13,536 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $888,885 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $44,444 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $44,444 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $336 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $336 | TotalTaxAmt |
| Distributable Before Adj | $44,108 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $44,108 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $44,108 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $48,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $48,500 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $44,108 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $12,941 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $22,973 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $18,376 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $16,684 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,787 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $72,761 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $48,500 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $44,108 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,392 | RemainingDistriFromCorpusAmt |
| Total Corpus | $77,153 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $12,941 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $64,212 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $22,973 | ExcessFromYear4Amt |
| Excess From Year3 | $18,376 | ExcessFromYear3Amt |
| Excess From Year2 | $16,684 | ExcessFromYear2Amt |
| Excess From Year1 | $1,787 | ExcessFromYear1Amt |
| Excess From Current Year | $4,392 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| UVA COLLEGE OF AS | ||||||
| 248 MCCORMICK RD | CHARLOTTESVILLE | VA | 22904 | PF | TO SUPPORT STUDENTS AND FACULTY IN THE UNIVERSITY OF VIRGINIA COLLEGE OF ARTS & SCIENCES | $5,000 |
| UVA ALUMNI ASSOCIATION | ||||||
| 248 MOCCORMICK RD | CHARLOTTESVILLE | VA | 22904 | PF | TO SUPPORT THE ALUMNI ASSOCIATEION'S PORGRAMS AND SERVICES AS WELL AS STUDENT PROGRAMS | $7,500 |
| URBAN PEAK - DENVER | ||||||
| 2100 STOUT STREET | DENVER | CO | 80205 | PF | TO SUPPORT YOUTH EXPERIENCING HOMELESSNESS IN THEIR JOURNEY TOWARD SELF-SUFFICIENCY | $5,000 |
| FOOD BANK OF THE ROCKIES | ||||||
| 10700 E 45TH AVE | DENVER | CO | 80239 | PF | TO SUPPORT EFFORTS IN HUNGER-RELIEF | $5,000 |
| ST ANDREWS UMC - CO | ||||||
| 9203 S UNIVERSITY BLVD | HIGHLANDS RANCH | CO | 80126 | PF | ASSIST IN CHURCH OPERATING EXPENSES | $14,000 |
| UPSIDE OF DOWNS | ||||||
| 501 E LA LOMA AVE | SOMIX | CA | 93066 | TO PROVIDE SUPPORT IN ACTIVITIES TO ENRICH THE LIVES OF DISABLED ADULTS | $2,000 | |
| MILE HIGH MINISTRIES - JOSHUA STATI | ||||||
| 913 WYANDOT ST | DENVER | CO | 80204 | TO SUPPORT FAMILIES EXPERIENCING HOMELESSNESS | $5,000 | |
| FACING FORWARD CHICAGO | ||||||
| 642 N KEDZIE AVE | CHICAGO | IL | 60612 | TO SUPPORT FAMILIES AND INDIVIDUALS EXPERIENCING HOMELESSNESS | $5,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $48,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $48 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $25,386 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $25,434 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $25,434 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $795 | Amt |
| Net Investment Income | $795 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX PAID | CategoryTxt |
| Amt | $484 | Amt |
| Net Investment Income | $484 | NetInvestmentIncomeAmt |