MAKY AND SHAUN ZANGANEH FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MAKY AND SHAUN ZANGANEH FOUNDATION INC (EIN 47-4723328)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-16
IRS object ID
202333209349100443
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)
Return2023-11-16T14:50:29-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203942845PreparerFirmEIN

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 Begin2022-01-01TaxPeriodBeginDt

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 Line151 Adam WayAddressLine1Txt
CityAthertonCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94027ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMahkam ZanganehPersonNm
Person TitleCEOPersonTitleTxt
Signature2023-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMahkamPersonFirstNm
Person LastZanganehPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
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

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$10,460,226FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,300,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$61,405DividendsRevAndExpnssAmt
Dividends Net Invst Incm$61,405DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,714,825NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,821,361GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,714,825CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$3,076,230TotalRevAndExpnssAmt
Total Net Invst Incm$1,776,230TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$6,921OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,921OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,921TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,921TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$85,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$85,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$91,921TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$91,921TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,984,309ExcessRevenueOverExpensesAmt
Net Investment Income$1,776,230NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,376,736CashBOYAmt
Cash EOY$6,956,756CashEOYAmt
Cash EOYFMV$6,956,756CashEOYFMVAmt
Corporate Stock BOY$2,763,649CorporateStockBOYAmt
Corporate Stock EOY$3,503,470CorporateStockEOYAmt
Corporate Stock EOYFMV$3,503,470CorporateStockEOYFMVAmt
Total Assets BOY$9,140,385TotalAssetsBOYAmt
Total Assets EOY$10,460,226TotalAssetsEOYAmt
Total Assets EOYFMV$10,460,226TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$9,140,385RetainedEarningBOYAmt
Retained Earning EOY$10,460,226RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,140,385TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,460,226TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,140,385TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,460,226TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,140,385TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,984,309ExcessRevenueOverExpensesAmt
Subtotal$12,124,694SubtotalAmt
Other Decreases$1,664,468OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$10,460,226TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
20000 ABBVIE INCP2019-01-012022-01-11$2,727,119$1,401,301$1,325,818$1,325,818
12411 ABBVIE INCP2019-01-012022-06-02$1,783,361$1,768,232$15,129$15,129
14000 JPMORGAN CHASE & COP2022-01-012022-06-02$1,805,292$1,760,883$44,409$44,409
10000 ACTIVISION BLIZZARD INCP2022-01-012022-06-14$751,000$773,644-$22,644-$22,644
5000 TARGET CORPP2022-01-012022-06-14$729,208$1,134,746-$405,538-$405,538
2000 TESLA INCP2022-01-012022-08-04$1,869,635$1,593,120$276,515$276,515
10000 INTUITIVE SURGICAL INCP2022-01-012022-11-07$2,408,040$2,014,411$393,629$393,629
10000 JPMORGAN CHASE & COP2022-01-012022-11-07$1,305,424$1,162,881$142,543$142,543
30000 CITIGROUP INCP2022-01-012022-11-10$1,442,282$1,497,318-$55,036-$55,036
FieldValueIRS element (for citing)
Capital Gain Net Income$1,714,825CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$24,690InvestmentIncomeExciseTaxAmt
Subtotal$24,690SubtotalAmt
Tax Based On Investment Income$24,690TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$932EsPenaltyAmt
Tax Due$25,622TaxDueAmt
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 ContributorsYes (true)NewSubstantialContributorsInd
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
Elaine Stracker
51 Adam WayAthertonCA94027Director0.00$0
Robert Duggan
51 Adam wayAthertonCA94027Director0.00$0
Mahkam Zanganeh
51 Adam WayAthertonCA94027President & CEO0.00$0
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$4,684,067AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,476,389AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,160,456TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$9,160,456AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$137,407CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,023,049NetVlNoncharitableAssetsAmt
Minimum Investment Return$451,152MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$451,152MinimumInvestmentReturnAmt
Tax Based On Investment Income$24,690TaxBasedOnInvestmentIncomeAmt
Total Tax$24,690TotalTaxAmt
Distributable Before Adj$426,462DistributableBeforeAdjAmt
Distributable Before Ded$426,462DistributableBeforeDedAmt
Distributable As Adjusted$426,462DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$91,921ExpensesAndContributionsAmt
Qualifying Distributions$91,921QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$426,462DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$603,536ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$92,900ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$696,436TotalExcessDistributionCyovAmt
Qualifying Distributions$91,921QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$91,921AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$334,541ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$334,541ExcessDistributionCyovAppCYAmt
Total Corpus$361,895TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$91,921CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov To Next Yr$269,974ExcessDistriCyovToNextYrAmt
Excess From Year4$177,074ExcessFromYear4Amt
Excess From Year3$92,900ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Junipero Serra High School
451 West 20th AvenueSan MateoCA94403NonePCGeneral$25,000
Legacy Global Foundation
4435 E Holmes Ave200MesaAZ85206NonePCGeneral$50,000
Royal Academy of Science Internatio
PO Box 20160New YorkNY10017NonePCGeneraleneralGeneral$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$85,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$61,405ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,714,825ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,776,230ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,776,230TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Makham Zanganeh
151 Adam WayAthertonCA94027$800,000Yes (X)
Robert W Duggan Foundation
2611 S Fort Harrison AveClearwaterFL33756$500,000Yes (X)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockJP Morgan HoldingsStockNm
EOY Book Value$3,503,470EOYBookValueAmt
EOYFMV$3,503,470EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescCharitable Contribution Processing FeesDesc
Revenue And Expenses Per Books$6,921RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$6,921DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonRobert W Duggan FoundationPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1611 S Fort Harrison AveAddressLine1Txt
CityClearwaterCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33756ZIPCd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.