BETA

MNM FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MNM FOUNDATION (EIN 81-4178256)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202231369349105483
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)
Return2022-05-16T14:49:49-07:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042936145PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Goldberg Harder Adelstein & Co PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1132 Lincoln StreetAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814178256EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MNM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMNMFBusinessNameControlTxt
Phone5084049111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 BURLINGTON ROAD 217AddressLine1Txt
CityBEDFORDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01730ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMIR DESAIPersonNm
Person TitleTrusteePersonTitleTxt
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMIRPersonFirstNm
Person LastDESAIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BYRNEPreparerPersonNm
PTINP01392195PTIN
Phone6175422122PhoneNum

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

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,574,806FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$243,237ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$24InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$24InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$24InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$8,717DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,717DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,717DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$109,579NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,643,766GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$109,579CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$28,052NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$361,557TotalRevAndExpnssAmt
Total Net Invst Incm$118,320TotalNetInvstIncmAmt
Total Adj Net Incm$36,793TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,875AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,875AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$210TaxesRevAndExpnssAmt
Taxes Net Invst Incm$9TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,561OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,526OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,646TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,535TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,875TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$68,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$68,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$73,346TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,535TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$70,575TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$288,211ExcessRevenueOverExpensesAmt
Net Investment Income$115,785NetInvestmentIncomeAmt
Adjusted Net Income$36,793AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$361,730SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,291SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,291SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,000,000OtherInvestmentsBOYAmt
Other Investments EOY$1,547,757OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,569,515OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,361,730TotalAssetsBOYAmt
Total Assets EOY$1,553,048TotalAssetsEOYAmt
Total Assets EOYFMV$1,574,806TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,361,730CapitalStockBOYAmt
Capital Stock EOY$1,553,048CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,361,730TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,553,048TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,361,730TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,553,048TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,361,730TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$288,211ExcessRevenueOverExpensesAmt
Subtotal$1,649,941SubtotalAmt
Other Decreases$96,893OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,553,048TotNetAstOrFundBalancesEOYAmt

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
1099 B MORGAN STANLEYP2021-01-012021-06-30$1,315,666$1,287,614$28,052$28,052
1099 B MORGAN STANLEYP2020-01-012021-06-30$328,100$246,573$81,527$81,527
FieldValueIRS element (for citing)
Capital Gain Net Income$109,579CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$28,052NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,609InvestmentIncomeExciseTaxAmt
Subtotal$1,609SubtotalAmt
Tax Based On Investment Income$1,609TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,700ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,700TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$5EsPenaltyAmt
Overpayment$86OverpaymentAmt
Applied To ES Tax$86AppliedToESTaxAmt

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 StateMAOrgReportOrRegisterStateCd
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 Line1SAMIR DESAIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7812703655PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line162 DAVISON DRIVEAddressLine1Txt
CityLINCOLNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01773ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SAMIR DESAI
62 DAVISON DRIVELINCOLNMA01773Trustee1.00$0
NILIMA DESAI
62 DAVISON DRIVELINCOLNMA01773Trustee1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$231,182AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,276,916FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,508,098TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,508,098AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,621CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,485,477NetVlNoncharitableAssetsAmt
Minimum Investment Return$74,274MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$74,274MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,609TaxBasedOnInvestmentIncomeAmt
Total Tax$1,609TotalTaxAmt
Distributable Before Adj$72,665DistributableBeforeAdjAmt
Distributable Before Ded$72,665DistributableBeforeDedAmt
Distributable As Adjusted$72,665DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$70,575ExpensesAndContributionsAmt
Qualifying Distributions$70,575QualifyingDistributionsAmt
Adjusted Qualifying Distri$70,575AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$72,665DistributableAsAdjustedAmt
Undistributed Income PY$70,546UndistributedIncomePYAmt
Qualifying Distributions$70,575QualifyingDistributionsAmt
Applied To Year1$70,546AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$29AppliedToCurrentYearAmt
Undistributed Income CY$72,636UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonDESAI FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1200 BURLINGTON ROADAddressLine1Txt
CityBEDFORDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01730ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGENERAL SUPPORTGrantOrContributionPurposeTxt
Amt$68,700Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$68,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,717ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$109,579RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,741ExclusionAmt
Related Or Exempt Function Incm$109,579RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$118,320TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSAMIR DESAIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line162 DAVISON DRIVEAddressLine1Txt
CityNINCOLNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01773ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,875Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,875DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceGeneral Explanation Supplemental Information for Form 990-PFFormAndLineReferenceDesc
Medium ExplanationSUPPLEMENTAL INFORMATION FOR MA FORM PCFORM PC QUESTION 16:NONEFORM PC QUESTION 17:SAMIR DESAI, TRUSTEE62 DAVISON ROADLINCOLN, MA 01773NILIMA DESAI, TRUSTEE62 DAVISON ROADLINCOLN, MA 01773FORM PC QUESTION 18:CUSTODY OF FUNDS - SAMIR DESAIDISTRIBUTION OF FUNDS - SAMIR DESAIFUND RAISING - N/ACUSTODY OF FINANCIAL RECORDS - SAMIR DESAISIGN CHECKS - SAMIR DESAIMediumExplanationTxt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescAPPRECIATION IN PUBLIC TRADED SECURITIES RECEIVEDDesc
Amt$96,893Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ANNUAL REPORT$35
INVESTMENT MANAGEMENT FEES$2,526$2,526

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX$201
FOREIGN TAX WITHELD$9$9

Comments

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