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MANGAS FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MANGAS FAMILY FOUNDATION INC (EIN 81-4612866)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-08-24
IRS object ID
202332369349100818
Schema version
2022v5.0
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)
Return2023-08-24T13:32:50-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364702964PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lee Mongelli & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16530 S YOSEMITE ST 300AddressLine1Txt
CityGREENWOOD VILLAGECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814612866EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MANGAS FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMANGBusinessNameControlTxt
Phone7179173416PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 BROOKHAVEN LANEAddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80123ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS MANGASPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-08-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTHOMASPersonFirstNm
Person LastMANGASPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY MONGELLIPreparerPersonNm
PTINP01326587PTIN
Phone3037211408PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

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

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$47InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$47InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$47InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$19,495DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,495DividendsNetInvstIncmAmt
Dividends Adj Net Incm$19,495DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$12,702NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$37,970GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,702CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$32,244TotalRevAndExpnssAmt
Total Net Invst Incm$32,244TotalNetInvstIncmAmt
Total Adj Net Incm$19,542TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$730AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$730AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$730TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$730TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$48,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$48,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,730TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$730TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$48,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$16,486ExcessRevenueOverExpensesAmt
Net Investment Income$31,514NetInvestmentIncomeAmt
Adjusted Net Income$19,542AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$14,660SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,875SavAndTempCashInvstEOYAmt
Corporate Stock BOY$1,034,609CorporateStockBOYAmt
Corporate Stock EOY$836,308CorporateStockEOYAmt
Total Assets BOY$1,049,269TotalAssetsBOYAmt
Total Assets EOY$845,183TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,049,269CapitalStockBOYAmt
Capital Stock EOY$845,183CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,049,269TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$845,183TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,049,269TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$845,183TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,049,269TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$16,486ExcessRevenueOverExpensesAmt
Subtotal$1,032,783SubtotalAmt
Other Decreases$187,600OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$845,183TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
.7857 SCHWAB US SMALL CAPP2018-01-092022-03-11$35$28$7$7
200 VANGUARD LARGE CAPP2018-01-092022-06-06$37,935$25,240$12,695$12,695
FieldValueIRS element (for citing)
Capital Gain Net Income$12,702CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$438InvestmentIncomeExciseTaxAmt
Subtotal$438SubtotalAmt
Tax Based On Investment Income$438TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$561EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$561TotalPaymentsAndCreditsAmt
Overpayment$123OverpaymentAmt
Applied To ES Tax$123AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ALLISON C MANGASBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5133745452PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line118 BROOKHAVEN LNAddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80123ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

FieldValueIRS element (for citing)
PersonTHOMAS MANGASPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 BROOKHAVEN LNAddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80123ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos0.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$840,971AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$106,255AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$947,226TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$947,226AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,208CashDeemedCharitableAmt
Net Vl Noncharitable Assets$933,018NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,651MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,651MinimumInvestmentReturnAmt
Tax Based On Investment Income$438TaxBasedOnInvestmentIncomeAmt
Total Tax$438TotalTaxAmt
Distributable Before Adj$46,213DistributableBeforeAdjAmt
Distributable Before Ded$46,213DistributableBeforeDedAmt
Distributable As Adjusted$46,213DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$48,000ExpensesAndContributionsAmt
Qualifying Distributions$48,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,213DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$17,569ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$12,941ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$22,973ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$18,376ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$16,684ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$88,543TotalExcessDistributionCyovAmt
Qualifying Distributions$48,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$46,213AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,787RemainingDistriFromCorpusAmt
Total Corpus$90,330TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$17,569ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$72,761ExcessDistriCyovToNextYrAmt
Excess From Year4$12,941ExcessFromYear4Amt
Excess From Year3$22,973ExcessFromYear3Amt
Excess From Year2$18,376ExcessFromYear2Amt
Excess From Year1$16,684ExcessFromYear1Amt
Excess From Current Year$1,787ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UVA COLLEGE OF AS
248 MCCORMICK RDCHARLOTTESVILLEVA22904PFTO SUPPORT STUDENTS AND FACULTY IN THE UNIVERSITY OF VIRGINIA COLLEGE OF ARTS & SCIENCES$5,000
UVA ALUMNI ASSOCIATION
248 MOCCORMICK RDCHARLOTTESVILLEVA22904PFTO SUPPORT THE ALUMNI ASSOCIATEION'S PORGRAMS AND SERVICES AS WELL AS STUDENT PROGRAMS$7,500
URBAN PEAK - DENVER
2100 STOUT STREETDENVERCO80205PFTO SUPPORT YOUTH EXPERIENCING HOMELESSNESS IN THEIR JOURNEY TOWARD SELF-SUFFICIENCY$5,000
FOOD BANK OF THE ROCKIES
10700 E 45TH AVEDENVERCO80239PFTO SUPPORT EFFORTS IN HUNGER-RELIEF$5,000
ST ANDREWS UMC - CO
9203 S UNIVERSITY BLVDHIGHLANDS RANCHCO80126PFASSIST IN CHURCH OPERATING EXPENSES$13,500
PHILABUNDANCE
3616 S GALLOWAY STPHILADELPHIAPA19148PFTO SUPPORT COMMUNITY EFFORTS IN HUNGER RELIEF$5,000
UPSIDE OF DOWNS
501 E LA LOMA AVESOMIXCA93066TO PROVIDE SUPPORT IN ACTIVITIES TO ENRICH THE LIVES OF DISABLED ADULTS$2,000
DOCTORS CARE - LITTLETON
609 W LITTLETON BLVD STE 100LITTLETONCO80120TO PROVIDE SUPPORT IN AFFORDABLE AND ACCESSIBLE HEALTH CARE.$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$48,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$47ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,495ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,702RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$19,542ExclusionAmt
Related Or Exempt Function Incm$12,702RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,244TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$730Amt
Net Investment Income$730NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt