MNG FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MNG FAMILY FOUNDATION (EIN 83-2024175)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-13
- IRS object ID
- 202343179349101519
- 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
- Form 990-PF
- Schedule B
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-13T09:51:56-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362929601 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FGMK LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2801 LAKESIDE DRIVE 3RD FLOOR | AddressLine1Txt |
| City | BANNOCKBURN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 832024175 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MNG FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MNGF | BusinessNameControlTxt |
| Phone | 3122585593 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 W WACKER DRIVE FL 14 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARRETT D PAGON III | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3122585593 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GARRETT | PersonFirstNm |
| Person Last | PAGON III | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHUCK SCHULTZ III | PreparerPersonNm |
| PTIN | P00271703 | PTIN |
| Phone | 8473740400 | PhoneNum |
| Preparation | 2023-11-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,159,917 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $750,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $5,552 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,552 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $73,207 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $73,207 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $48,948 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $972,755 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $48,948 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $877,707 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $127,707 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,078 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,039 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $1,039 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $21,722 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $21,722 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $5,980 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $980 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $103 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $103 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $29,883 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $23,844 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,039 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,598,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,598,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,627,883 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $23,844 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,599,039 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$750,176 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $103,863 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,423,069 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $671,020 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $671,020 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,771,170 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,632,804 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,066,736 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $189,341 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $189,311 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $154,182 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $922,729 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $305,942 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $267,979 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $222 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $4,306,531 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,799,077 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,159,917 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $1,425,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $675,000 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $1,425,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $675,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,881,531 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,124,077 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,881,531 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,124,077 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,306,531 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,799,077 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,881,531 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$750,176 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,570 | OtherIncreasesAmt |
| Subtotal | $2,135,925 | SubtotalAmt |
| Other Decreases | $11,848 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,124,077 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| MERRILL LYNCH - 2031 | $38,208 | $44,149 | -$5,941 | -$5,941 | |
| MERRILL LYNCH - 2031 | $878,738 | $855,398 | $23,340 | $23,340 | |
| MERRILL LYNCH - 2050 | $55,249 | $24,260 | $30,989 | $30,989 | |
| CAPITAL GAINS DIVIDENDS | $560 | $560 | $560 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $48,948 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,444 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,444 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,444 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,924 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,924 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,480 | OverpaymentAmt |
| Applied To ES Tax | $1,480 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NV | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3122585593 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 W WACKER DRIVE FL 14 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | Yes (1) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GARRETT PAGON III | ||||||||
| 8076 ENTRADA DE LUZ E | SAN DIEGO | CA | 92127 | PRESIDENT, TREASURER, AND DIRECTOR | 2.50 | $0 | $0 | $0 |
| OMAR BALKISSOON | ||||||||
| 8076 ENTRADA DE LUZ E | SAN DIEGO | CA | 92127 | VICE-PRESIDENT AND DIRECTOR | 2.50 | $0 | $0 | $0 |
| AMANDA C PAGON | ||||||||
| 8076 ENTRADA DE LUZ E | SAN DIEGO | CA | 92127 | SECRETARY AND DIRECTOR | 2.50 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,339,784 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $911,385 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,251,169 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,251,169 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $63,768 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,187,401 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $209,370 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $209,370 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,444 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,444 | TotalTaxAmt |
| Distributable Before Adj | $207,926 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $207,926 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $207,926 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,599,039 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,599,039 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $207,926 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $10,153 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $249,736 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $259,889 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,599,039 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $207,926 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,391,113 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,651,002 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,651,002 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $10,153 | ExcessFromYear2Amt |
| Excess From Year1 | $249,736 | ExcessFromYear1Amt |
| Excess From Current Year | $1,391,113 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 10X PROJECT INC | |||||||
| 725 N ESCONDIDO BLVD | ESCONDIDO | CA | 92025 | NONE | PC | GENERAL | $1,540,000 |
| CHARTER FOLK | |||||||
| 3817 HALCON PLACE | DAVIS | CA | 95618 | NONE | PC | GENERAL | $5,000 |
| A BRIDGE FOR KIDS | |||||||
| 4445 EASTGATE MALL SUITE 200 | SAN DIEGO | CA | 92121 | NONE | PC | GENERAL | $2,000 |
| VENTURE CHURCH | |||||||
| 777 SANTA FE DR | ENCINITAS | CA | 92024 | NONE | PC | GENERAL | $10,000 |
| SAN DIEGO FCA | |||||||
| PO BOX 2429 | CARLSBAD | CA | 92018 | NONE | PC | GENERAL | $10,000 |
| FLYING LEATHERNECK HISTORICAL FOUNDATION | |||||||
| 9400 ACTIVITY ROAD | SAN DIEGO | CA | 92126 | NONE | PC | GENERAL | $10,000 |
| EASTSIDE COLLEGE PREPARATORY SCHOOL | |||||||
| 1041 MYRTLE STREET | EAST PALO ALTO | CA | 94303 | NONE | PC | GENERAL | $21,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,598,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,552 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $73,207 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $48,948 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $127,707 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $127,707 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGBCMRC TRUST | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1840 EAST WARM SPRING ROAD SUITE 10 | AddressLine1Txt |
| City | LAS VEGAS | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $750,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (25 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BRUNSWICK CORP - SENIOR NOTES | $9,366 | $8,435 |
| BRUNSWICK CORP ORIGINAL | $225 | $241 |
| BRUNSWICK CORP ORIGINAL | $1,638 | $1,807 |
| CAPITAL ONE FINCL CORP | $5,186 | $4,860 |
| CHARLES SCHWAB | $13,348 | $11,795 |
| CHARLES SCHWAB | $4,860 | $4,836 |
| CHARLES SCHWAB CORP | $12,819 | $9,342 |
| JP MORGAN CHASE & CO | $2,812 | $2,099 |
| JP MORGAN CHASE & CO | $7,426 | $5,528 |
| JP MORGAN CHASE & CO | $12,519 | $9,231 |
| METLIFE INC | $14,888 | $13,032 |
| MORGAN STANLEY | $914 | $701 |
| MORGAN STANLEY | $9,579 | $7,576 |
| MORGAN STANLEY | $5,142 | $3,940 |
| PUBLIC STORAGE | $6,988 | $4,590 |
| PUBLIC STORAGE | $9,365 | $7,378 |
| PUBLIC STORAGE | $5,162 | $3,393 |
| STATE STREET CORP | $13,815 | $12,050 |
| STATE STREET CORP | $1,024 | $1,084 |
| THE ALLSTATE CORP | $15,993 | $14,874 |
| US BANCORP | $7,876 | $5,116 |
| W R BERKLEY CORPORATION | $13,140 | $11,100 |
| WELLS FARGO & COMPANY | $8,659 | $6,320 |
| WELLS FARGO & COMPANY | $1,120 | $824 |
| WELLS FARGO & COMPANY | $5,447 | $4,030 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (56 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC | $37,376 | $58,562 |
| AMAZON COM INC | $8,796 | $8,400 |
| AMERICOLD RLTY TR | $43,206 | $33,972 |
| AMGEN INC COM | $1,044 | $1,313 |
| AMGEN INC COM | $31,437 | $36,770 |
| AMGEN INC COM | $15,210 | $17,072 |
| APPLE INC | $20,748 | $38,979 |
| ATMOS ENERGY CORP COM | $17,693 | $18,492 |
| ATMOS ENERGY CORP COM | $18,915 | $19,052 |
| ATMOS ENERGY CORP COM | $8,562 | $8,966 |
| BECTON DICKINSON CO | $13,620 | $13,986 |
| BECTON DICKINSON CO | $23,739 | $24,158 |
| BLACKROCK INC | $7,409 | $10,629 |
| BLACKROCK INC | $16,353 | $24,802 |
| BLACKROCK INC | $17,043 | $24,802 |
| BRISTOL-MYERS SQUIBB CO | $17,348 | $21,225 |
| BRISTOL-MYERS SQUIBB CO | $17,060 | $21,945 |
| BRISTOL-MYERS SQUIBB CO | $9,062 | $10,433 |
| CHURCHILL DOWNS INC | $22,804 | $49,686 |
| CISCO SYSTEMS INC | $65,653 | $66,220 |
| CME GROUP | $31,435 | $29,428 |
| COMCAST CORP | $21,478 | $16,611 |
| COMCAST CORP | $10,096 | $8,393 |
| COMCAST CORP | $26,275 | $22,381 |
| COMCAST CORP | $8,367 | $6,469 |
| COMCAST CORP | $20,148 | $15,562 |
| CROWDSTRIKE HLDGS INC | $32,839 | $58,962 |
| CVS | $34,614 | $56,380 |
| DISNEY (WALT) CO COM | $27,474 | $20,417 |
| EATON CORP | $34,297 | $63,565 |
| HONEYWELL INTL INC | $32,727 | $39,645 |
| HUMANA | $38,758 | $59,414 |
| INTEL CORP | $47,139 | $22,599 |
| JOHNSON AND JOHNSON | $93,442 | $123,655 |
| JPMORGAN CHASE | $71,231 | $77,108 |
| LAM RESEARCH CORP | $45,253 | $75,654 |
| MICROSOFT CORP | $59,134 | $88,733 |
| MITSUBISHI CRP 8058 FN | $39,382 | $44,633 |
| PROCTER & GAMBLE | $40,213 | $50,015 |
| QUALCOMM INC | $49,895 | $81,905 |
| QUEST DIAGNOSTICS INC | $34,752 | $43,803 |
| REPUBLIC SERVICES INC | $23,949 | $35,472 |
| SAFRAN SA-UNSPON | $31,216 | $46,391 |
| SCHWAB CHARLES CORP NEW | $29,584 | $55,784 |
| STARBUCKS CORP | $34,646 | $51,584 |
| STRYKER CORP | $28,380 | $35,451 |
| SYSCO CORPORATION | $29,029 | $46,252 |
| TAIWAN S MANUFACTURING | $52,602 | $70,393 |
| TARGET CORP | $29,378 | $23,101 |
| TE CONNECTIVITY LTD | $38,306 | $47,642 |
| VULCAN MATERIALS | $37,519 | $52,533 |
| W R BERKLEY CORP | $27,238 | $28,302 |
| W R BERKLEY CORP | $10,321 | $10,522 |
| W R BERKLEY CORP | $9,164 | $10,522 |
| XCEL ENERGY | $14,431 | $17,177 |
| NUTRIEN LTD | $25,014 | $20,814 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DOUBLELINE LOW DUATION | AT COST | $50,000 | $47,136 |
| DOUBLELINE TOTAL RETURN | AT COST | $85,000 | $69,603 |
| ISHARES PREFERRED | AT COST | $18,418 | $14,319 |
| PIMCO INCOME FUND | AT COST | $82,949 | $73,619 |
| PIMCO LOW DUATION | AT COST | $69,575 | $63,302 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,078 | LegalFeesAmt |
| Net Investment Income | $1,039 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,039 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDEND RECEIVABLE | Desc |
| BOY Book Value | $222 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD BASIS ADJUSTMENT | Desc |
| Amt | $11,848 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEES | Desc |
| Revenue And Expenses Per Books | $103 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $103 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDIVIDEND DISTRIBUTION | Desc |
| Amt | $4,570 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $21,722 | Amt |
| Net Investment Income | $21,722 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARETT PAGON | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8076 ENTRATA DE LUZ E | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92127 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAX EXPENSE | $980 | $980 | $0 |
| OTHER TAXES | $5,000 | $0 | $0 |
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