STRATEGY STUDIO / PUBLIC DATA EXPLORER

MASAN GROUP INITIATIVE CORP: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MASAN GROUP INITIATIVE CORP (EIN 88-4239357)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-12-19
IRS object ID
202413549349101306
Schema version
2023v5.0
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

FieldValueIRS element (for citing)
Return2024-12-19T15:58:45-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473665737PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MF & ASSOCIATES GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAIL STE 119AddressLine1Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN884239357EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MASAN GROUP INIATIVE CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMASABusinessNameControlTxt
Phone9547324495PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAIL STE 119AddressLine1Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALEXANDER FELDMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5616911100PhoneNum
Signature2024-12-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARIELA ARROYOPreparerPersonNm
PTINP01625329PTIN
Phone5616911100PhoneNum
Preparation2024-12-19PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,484InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,484InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,484InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$29,633DividendsRevAndExpnssAmt
Dividends Net Invst Incm$29,633DividendsNetInvstIncmAmt
Dividends Adj Net Incm$29,633DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$46,430NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,234,289GrossSalesPriceAmt
Total Rev And Expnss$77,547TotalRevAndExpnssAmt
Total Net Invst Incm$31,117TotalNetInvstIncmAmt
Total Adj Net Incm$31,117TotalAdjNetIncmAmt
Printing And Pub Rev And Expnss$1,200PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss$79OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,279TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,746ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$43,746ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$45,025TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$43,746TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$32,522ExcessRevenueOverExpensesAmt
Net Investment Income$31,117NetInvestmentIncomeAmt
Adjusted Net Income$31,117AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$421CashEOYAmt
Corporate Stock BOY$1,000,000CorporateStockBOYAmt
Corporate Stock EOY$1,037,548CorporateStockEOYAmt
Total Assets BOY$1,000,000TotalAssetsBOYAmt
Total Assets EOY$1,037,969TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Accounts Payable EOY$5,447AccountsPayableEOYAmt
Total Liabilities EOY$5,447TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,000,000NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,032,522NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,000,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,032,522TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,000,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,037,969TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,000,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$32,522ExcessRevenueOverExpensesAmt
Subtotal$1,032,522SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,032,522TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$433InvestmentIncomeExciseTaxAmt
Subtotal$433SubtotalAmt
Tax Based On Investment Income$433TaxBasedOnInvestmentIncomeAmt
Tax Due$433TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
Form1120 POL FiledfalseForm1120POLFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityYes (true)OwnControlledEntityInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.MASANGROUP.ORGWebsiteAddressTxt
Individual With BooksMF TAX GROUPIndividualWithBooksNm
Phone5616911100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAILAddressLine1Txt
Address Line2STE 119AddressLine2Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHRISTINA SHER
510 KAY TERRACEBOCA RATONFL33433DIRECTOR000.00$0$0$0
MARIELA ARROYO
10967 NW 61ST CTPARKLANDFL33076TREASURER000.00$0$0$0
ALEXANDER FELDMAN
10967 NW 61ST CTPARKLANDFL33076PRESIDENT000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1FOUNDATION CONTRIBUTED TO ANIMAL RESCUE UFARDescription1Txt
Expenses1$10,000Expenses1Amt
Description2FOUNDATIN CONTRIBUTED TO ANIMAL RESUCE PAWS 2 HELP, INCDescription2Txt
Expenses2$5,000Expenses2Amt
Description3FOUNDATION CONTRIBUTED TO VOCATIONAL SCHOOL SUN VALLEY CULINARY SCHOOLDescription3Txt
Expenses3$5,000Expenses3Amt
Description4FOUNDATION CONTRIBUTED TO SOS VILLAGEDescription4Txt
Expenses4$5,000Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1FOUNDATION INVESTED ALL OF ITS FUNDS INTO THE MARKETDescription1Txt
Expenses1$1,000,000Expenses1Amt
Total$1,000,000TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$958,615AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,551AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$961,166TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$961,166AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,417CashDeemedCharitableAmt
Net Vl Noncharitable Assets$946,749NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,337MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$43,746ExpensesAndContributionsAmt
Program Related Invst Total$1,000,000ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,043,746QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$1,043,746QualifyingDistributionsAmt
Remaining Distri From Corpus$1,043,746RemainingDistriFromCorpusAmt
Total Corpus$1,043,746TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$31,117CurrentYearAmt
Total$31,117TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$26,449CurrentYearAmt
Total$26,449TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$1,043,746CurrentYearAmt
Total$1,043,746TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$1,043,746CurrentYearAmt
Total$1,043,746TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$31,558CurrentYearAmt
Year1$517Year1Amt
Total$32,075TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonALEX FELDMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAILAddressLine1Txt
Address Line2STE 119AddressLine2Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9547324495RecipientPhoneNum
Recipient Email AddressTIFFCAP@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsAPPLICATIONS SHOULD BE DONE VIA EMAIL AND SPECIFY PROGRAM APPLICANT IS APPLYING TO, LENGTH OF PROGRAM, COST AND DEGREE BEING OBTAINED. EACH APPLICATION MUST INCLUDE A CANDIDATE CV AND ESSAY.FormAndInfoAndMaterialsTxt
Submission DeadlinesDEADLINES FOR AWARDS ARE OCTOBER 31ST OF THE CALENDAR YEARSubmissionDeadlinesTxt
Restrictions On AwardsAWARD LIMITS WILL BE POSTED ON A YEARLY BASISRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HEROES HUB INC
2630 W BROWARD BLVDFT LAUDERDALEFL33312DONATION FOR SHELTER AND HOMELESS FA$8,000
PAWS 2 HELP INC
2693 FORREST HILL BLVDWEST PALM BEACHFL33406DONATION FREE CARE VET SERVICES$5,000
SUN VALLEY CULINARY INSTITUTE
211 NORTH MAIN STREETKETCHUNID83340FUNDING SCHOOL FOR CHEF EDUCATION$5,000
SOS CHILDREN'S VILLAGE
3640 NW 59TH PLACECOCONUT CREEKFL33073LONG TERM CARE FOR ORPHANED CHILDREN$5,000
UFAR ANIMAL RESCUE
366 S STATE ROAD 7MARGATEFL33068ANIMAL RESCUE$10,000
LIGHT FOUNDATION
440 GREENVILLE NASHVILLEGREENVILLEOH45331ASSISTANCE KIDS IN DISTRESS$5,000
AUSRA RAGAUSKAITE
7734 ABBOTT AVEMIAMI BEACHFL33141ASSISTANCE DISPLACED FAMILY$2,500
NAWAPH JOSEPH
10540 LA PLACIDA DRIVE WECORAL SPRINGSFL33063SCHOLARSHIP$3,246
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$43,746TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,484RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29,633RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$46,430ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$46,430ExclusionAmt
Related Or Exempt Function Incm$31,117RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$77,547TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetAMERTITADE STAssetDesc
Acquired2023-01AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2023-10SoldDt
Gross Sales Price$12,234,289GrossSalesPriceAmt
Basis$12,187,859BasisAmt
Total Net$46,430TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTD AMERITRADEStockNm
EOY Book Value$1,037,548EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$79