MAKY AND SHAUN ZANGANEH FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MAKY AND SHAUN ZANGANEH FOUNDATION INC (EIN 47-4723328)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-12-13
IRS object ID
202433489349100618
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

FieldValueIRS element (for citing)
Return2024-12-13T12:38:57-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Yosef Y Manela CPA A Professional CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16300 Wilshire Blvd Suite 2030AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90048ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474723328EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Maky and Shaun Zanganeh Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAKYBusinessNameControlTxt
Phone8056376717PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1936 SW 1st Ave 1039AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33130ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMahkam ZanganehPersonNm
Person TitleCEOPersonTitleTxt
Signature2024-12-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYosef Y Manela CPA APCPreparerPersonNm
PTINP00446103PTIN
Phone3237820818PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$11,896,945FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$94,894DividendsRevAndExpnssAmt
Dividends Net Invst Incm$94,894DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$64,999NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,065,394GrossSalesPriceAmt
Total Rev And Expnss$29,895TotalRevAndExpnssAmt
Total Net Invst Incm$94,894TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$106,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$106,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$106,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$106,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$76,105ExcessRevenueOverExpensesAmt
Net Investment Income$94,894NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,956,756CashBOYAmt
Cash EOY$4,108,971CashEOYAmt
Cash EOYFMV$4,108,971CashEOYFMVAmt
Corporate Stock BOY$3,503,470CorporateStockBOYAmt
Corporate Stock EOY$4,768,550CorporateStockEOYAmt
Corporate Stock EOYFMV$4,768,550CorporateStockEOYFMVAmt
Other Investments EOY$3,000,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,019,424OtherInvestmentsEOYFMVAmt
Total Assets BOY$10,460,226TotalAssetsBOYAmt
Total Assets EOY$11,877,521TotalAssetsEOYAmt
Total Assets EOYFMV$11,896,945TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$10,460,226RetainedEarningBOYAmt
Retained Earning EOY$11,877,521RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,460,226TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,877,521TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,460,226TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,877,521TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,460,226TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$76,105ExcessRevenueOverExpensesAmt
Other Increases$1,493,400OtherIncreasesAmt
Subtotal$11,877,521SubtotalAmt
Tot Net Ast Or Fund Balances EOY$11,877,521TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income-$64,999CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$64,999NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,319InvestmentIncomeExciseTaxAmt
Subtotal$1,319SubtotalAmt
Tax Based On Investment Income$1,319TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$77EsPenaltyAmt
Tax Due$1,396TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 Line1Yosef Y ManelaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3237820818PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16300 Wilshire Blvd Suite 2030AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90048ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Mahkam Zanganeh
88 SW 7 St 2904MiamiFL33130President & CEO0.00$0
Shaun Zanganeh
1010 Brickwell Ave 2607MiamiFL33131Vice President0.00$0
Robert Duggan
616 Druid Road EastClearwaterFL33755Secretary0.00$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)
Description1To distribute funds to organizations established as tax exempt under Internal Revenue Code Section 501(c)(3).Description1Txt
Expenses1$106,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,491,808AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,058,384AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,550,192TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$8,550,192AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$128,253CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,421,939NetVlNoncharitableAssetsAmt
Minimum Investment Return$421,097MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$421,097MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,319TaxBasedOnInvestmentIncomeAmt
Total Tax$1,319TotalTaxAmt
Distributable Before Adj$419,778DistributableBeforeAdjAmt
Distributable Before Ded$419,778DistributableBeforeDedAmt
Distributable As Adjusted$419,778DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$106,000ExpensesAndContributionsAmt
Qualifying Distributions$106,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$419,778DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$177,074ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$92,900ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$269,974TotalExcessDistributionCyovAmt
Qualifying Distributions$106,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$106,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$269,974ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$269,974ExcessDistributionCyovAppCYAmt
Undistributed Income CY$43,804UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerShaun ZanganehContributingManagerNm
Contributing ManagerRobert DugganContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Ronald McDonald House
4560 Fountain AveLos AngelesCA90029NonePCGeneral$6,000
Junipero Serra High School
451 West 20th AvenueSan MateoCA94403NonePCGeneral$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$106,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$94,894ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$64,999ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$29,895ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$29,895TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockJP Morgan HoldingsStockNm
EOY Book Value$4,768,550EOYBookValueAmt
EOYFMV$4,768,550EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemInvestment in Venture CapitalCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$3,000,000BookValueAmt
EOYFMV$3,019,424EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNet Unrealized GainsDesc
Amt$1,493,400Amt

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