STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

MANGAS FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MANGAS FAMILY FOUNDATION INC (EIN 81-4612866)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-15
IRS object ID
202102589349100305
Schema version
2020v4.0
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)
Return2021-09-15T07:42:26-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Line17335 E Peakview AveAddressLine1Txt
CityCentennialCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-09-15SignatureDt
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

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$17,932DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,932DividendsNetInvstIncmAmt
Dividends Adj Net Incm$17,932DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$19,930NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$143,407GrossSalesPriceAmt
Total Rev And Expnss-$1,992TotalRevAndExpnssAmt
Total Net Invst Incm$17,938TotalNetInvstIncmAmt
Total Adj Net Incm$17,938TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$680AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$680AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$680TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$680TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$64,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$64,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,180TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$680TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$64,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$67,172ExcessRevenueOverExpensesAmt
Net Investment Income$17,258NetInvestmentIncomeAmt
Adjusted Net Income$17,938AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$183,326SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$86,262SavAndTempCashInvstEOYAmt
Corporate Stock BOY$738,886CorporateStockBOYAmt
Corporate Stock EOY$874,342CorporateStockEOYAmt
Total Assets BOY$922,212TotalAssetsBOYAmt
Total Assets EOY$960,604TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$922,212CapitalStockBOYAmt
Capital Stock EOY$960,604CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$922,212TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$960,604TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$922,212TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$960,604TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$922,212TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$67,172ExcessRevenueOverExpensesAmt
Other Increases$105,564OtherIncreasesAmt
Subtotal$960,604SubtotalAmt
Tot Net Ast Or Fund Balances EOY$960,604TotNetAstOrFundBalancesEOYAmt

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
1 CHARLES SCHWAB SHORT TERMP2020-01-012020-04-30$6,432$6,972-$540-$540
1 CHARLES SCHWAB LONG TERMP2018-01-012020-04-30$136,975$156,365-$19,390-$19,390
FieldValueIRS element (for citing)
Capital Gain Net Income-$19,930CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$540NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$240InvestmentIncomeExciseTaxAmt
Subtotal$240SubtotalAmt
Tax Based On Investment Income$240TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$978EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$978TotalPaymentsAndCreditsAmt
Overpayment$738OverpaymentAmt
Applied To ES Tax$738AppliedToESTaxAmt

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$806,614AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$134,794AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$941,408TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$941,408AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,121CashDeemedCharitableAmt
Net Vl Noncharitable Assets$927,287NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,364MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,364MinimumInvestmentReturnAmt
Tax Based On Investment Income$240TaxBasedOnInvestmentIncomeAmt
Total Tax$240TotalTaxAmt
Distributable Before Adj$46,124DistributableBeforeAdjAmt
Distributable Before Ded$46,124DistributableBeforeDedAmt
Distributable As Adjusted$46,124DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$64,500ExpensesAndContributionsAmt
Qualifying Distributions$64,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$64,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,124DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$17,569ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$12,941ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$22,973ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$53,483TotalExcessDistributionCyovAmt
Qualifying Distributions$64,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$46,124AppliedToCurrentYearAmt
Remaining Distri From Corpus$18,376RemainingDistriFromCorpusAmt
Total Corpus$71,859TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$71,859ExcessDistriCyovToNextYrAmt
Excess From Year3$17,569ExcessFromYear3Amt
Excess From Year2$12,941ExcessFromYear2Amt
Excess From Year1$22,973ExcessFromYear1Amt
Excess From Current Year$18,376ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 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
UVA JEFFERSON TRUST
248 MCCORMIC RDCHARLOTTESVILLEVA22904PFTO FUND APPROVED INITIATIVES THAT ENHANCE THE STANDING OF THE UNIVERSITY OF VIRGINIA$20,000
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
COZART RECOGNITION
211 EMMET STREET PO BOX 400314CHAROLOTTESVILLEVA22904PFENDOWMENT FOR UVA ALUMNI ASSOCIATION$5,000
ST ANDREWS UMC - CO
9203 S UNIVERSITY BLVDHIGHLANDS RANCHCO80126PFASSIST IN CHURCH OPERATING EXPENSES$10,000
CASA - ADV FOR CHILDREN
1660 S ALBION ST 328DENVERCO80222PFASSIST ORGANIZATION THAT ADVOCATES FOR CHILDREN IN FOSTER CARE$1,000
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$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$64,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,932ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$19,930RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$17,938ExclusionAmt
Related Or Exempt Function Incm-$19,930RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$1,992TotalIncomeProducingActyAmt

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)
CategoryTAX PREPCategoryTxt
Amt$680Amt
Net Investment Income$680NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt