MNG FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MNG FAMILY FOUNDATION (EIN 83-2024175)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202203199349103600
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T10:59:38-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 | 2022-11-15 | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHUCK SCHULTZ III | PreparerPersonNm |
| PTIN | P00271703 | PTIN |
| Phone | 8473740400 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return Former Pub Chrty | Yes (X) | InitialReturnFormerPubChrtyInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,348,953 | 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 | $1,650,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2,756 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,756 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $65,229 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $65,229 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $123,287 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $424,021 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $123,287 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,841,272 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $191,272 | 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 | $19,469 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $9,735 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $9,734 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,316 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,158 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,158 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $27,493 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $27,493 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,345 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,345 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $56,623 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $42,731 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $13,892 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $457,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $457,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $514,123 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $42,731 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $471,392 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,327,149 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $148,541 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $774,594 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,423,069 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,423,069 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,879,714 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,771,170 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,829,244 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $162,153 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $189,341 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $193,866 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $906,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $922,729 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $902,552 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $24 | OtherAssetsBOYAmt |
| Other Assets EOY | $222 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $222 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,722,485 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,306,531 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,348,953 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $2,175,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $1,425,000 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $2,175,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,425,000 | 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 | $1,547,485 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,881,531 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,547,485 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,881,531 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,722,485 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,306,531 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,547,485 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,327,149 | ExcessRevenueOverExpensesAmt |
| Other Increases | $7,156 | OtherIncreasesAmt |
| Subtotal | $2,881,790 | SubtotalAmt |
| Other Decreases | $259 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,881,531 | 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 MERRILL LYNCH #2031 - COVERED | $52,752 | $55,783 | -$3,031 | -$3,031 | |
| MERRILL LYNCH #2031 - COVERED | $154,497 | $145,092 | $9,405 | $9,405 | |
| MERRILL LYNCH #2050 - COVERED | $216,699 | $99,859 | $116,840 | $116,840 | |
| CAPITAL GAINS DIVIDENDS | $73 | $73 | $73 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $123,287 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,065 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,065 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,065 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $5,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $11 | EsPenaltyAmt |
| Overpayment | $2,924 | OverpaymentAmt |
| Applied To ES Tax | $2,924 | 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 | $3,716,675 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $825,877 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,542,552 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,542,552 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $68,138 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,474,414 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $223,721 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $223,721 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,065 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,065 | TotalTaxAmt |
| Distributable Before Adj | $221,656 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $221,656 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $221,656 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $471,392 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $471,392 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $221,656 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $10,153 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,153 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $471,392 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $221,656 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $249,736 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $259,889 | 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 | $259,889 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $10,153 | ExcessFromYear1Amt |
| Excess From Current Year | $249,736 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 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 | $405,000 |
| CHARTER FOLK | |||||||
| 1023 CALLOWHILL ST | PHILADELPHIA | PA | 19123 | NONE | PC | GENERAL | $4,500 |
| DISCOVERY INSTITUTE | |||||||
| 208 COLUMBIA STREET | SEATTLE | WA | 98104 | NONE | PC | GENERAL | $5,000 |
| EDIFY | |||||||
| 8825 AERO DR SUITE 220 | SAN DIEGO | CA | 92123 | NONE | PC | GENERAL | $10,000 |
| FRATERNITY AND SORORITY | |||||||
| PO BOX 40383 | WASHINGTON | DC | 20016 | NONE | PC | GENERAL | $10,000 |
| HOPE LEADERSHIP FOUNDATION | |||||||
| 5270 EASTGATE MALL | SAN DIEGO | CA | 92121 | NONE | PC | GENERAL | $10,000 |
| SANTA FE CHRISTIAN SCHOOL | |||||||
| 838 ACADEMY DR | SOLANA BEACH | CA | 92075 | NONE | PC | GENERAL | $3,000 |
| VENTURE CHURCH | |||||||
| 7865 N COUNTY ROAD 100E | PITTSBORO | IN | 46167 | NONE | PC | GENERAL | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $457,500 | 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 | $2,756 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $65,229 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $123,287 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $191,272 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $191,272 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| MGBCMRC TRUST | ||||||
| 1 | 1840 EAST WARM SPRING ROAD SUITE 10 | LAS VEGAS | NV | 89119 | $750,000 | Yes (X) |
| GARRETT PAGON | ||||||
| 2 | 8076 ENTRATA DE LUZ E | SAN DIEGO | CA | 92127 | $900,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $8,316 | Amt |
| Net Investment Income | $4,158 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,158 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (25 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BERKLEY CORPORATION | $13,146 | $13,350 |
| BRUNSWICK CORP - SENIOR NOTES | $9,375 | $9,447 |
| BRUNSWICK CORP ORIGINAL | $1,638 | $2,024 |
| BRUNSWICK CORP ORIGINAL | $225 | $270 |
| CAPITAL ONE FINCL CORP | $5,186 | $7,223 |
| CHARLES SCHWAB | $4,860 | $5,223 |
| CHARLES SCHWAB | $13,348 | $12,740 |
| JP MORGAN CHASE & CO | $7,426 | $7,560 |
| METLIFE INC | $14,888 | $15,354 |
| PUBLIC STORAGE | $9,365 | $8,988 |
| STATE STREET CORP | $1,024 | $1,229 |
| STATE STREET CORP | $13,815 | $13,655 |
| THE ALLSTATE CORP | $16,008 | $15,846 |
| US BANCORP | $7,876 | $7,941 |
| WELLS FARGO & COMPANY | $5,447 | $5,689 |
| WELLS FARGO & COMPANY | $8,659 | $8,922 |
| CHARLES SCHWAB CORP | $12,819 | $13,186 |
| JP MORGAN CHASE & CO | $2,812 | $2,871 |
| JP MORGAN CHASE & CO | $12,519 | $12,951 |
| MORGAN STANLEY | $914 | $929 |
| MORGAN STANLEY | $9,579 | $10,040 |
| MORGAN STANLEY | $5,142 | $5,221 |
| PUBLIC STORAGE | $6,988 | $6,925 |
| PUBLIC STORAGE | $5,162 | $5,118 |
| WELLS FARGO & COMPANY | $1,120 | $1,164 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (54 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC | $37,376 | $95,488 |
| AMAZON COM INC | $8,796 | $16,672 |
| AMERICAN TOWER TEIT INC | $16,173 | $21,938 |
| AMERICAN TOWER TEIT INC | $15,558 | $21,938 |
| AMERICAN TOWER TEIT INC | $8,464 | $11,700 |
| AMERICOLD RLTY TR | $43,803 | $39,348 |
| AMGEN INC COM | $19,841 | $21,372 |
| AMGEN INC COM | $31,437 | $31,496 |
| AMGEN INC COM | $15,210 | $14,623 |
| APPLE INC | $29,047 | $74,579 |
| ATMOS ENERGY CORP COM | $8,562 | $8,382 |
| ATMOS ENERGY CORP COM | $18,915 | $17,287 |
| ATMOS ENERGY CORP COM | $17,693 | $17,811 |
| BLACKROCK INC | $17,043 | $32,045 |
| BLACKROCK INC | $7,409 | $13,733 |
| BLACKROCK INC | $16,353 | $32,045 |
| BRISTOL-MYERS SQUIBB CO | $17,348 | $18,393 |
| BRISTOL-MYERS SQUIBB CO | $9,062 | $9,041 |
| BRISTOL-MYERS SQUIBB CO | $17,060 | $19,017 |
| CHURCHILL DOWNS INC | $47,064 | $116,837 |
| CISCO SYSTEMS INC | $65,653 | $88,084 |
| CME GROUP | $43,006 | $57,115 |
| COMCAST CORP | $10,096 | $12,079 |
| COMCAST CORP | $21,478 | $23,907 |
| COMCAST CORP | $20,148 | $22,397 |
| CROWDSTRIKE HLDGS INC | $32,839 | $114,660 |
| CVS | $34,614 | $62,412 |
| DISNEY (WALT) CO COM | $61,670 | $75,896 |
| EATON CORP | $34,297 | $69,992 |
| HONEYWELL INTL INC | $32,727 | $38,574 |
| HUMANA | $36,437 | $53,344 |
| INTEL CORP | $51,014 | $46,608 |
| JOHNSON AND JOHNSON | $93,442 | $119,749 |
| JPMORGAN CHASE | $71,231 | $91,051 |
| LAM RESEARCH CORP | $45,253 | $129,447 |
| MICROSOFT CORP | $104,399 | $228,698 |
| PROCTER & GAMBLE | $40,213 | $53,981 |
| QUALCOMM INC | $49,895 | $136,238 |
| QUEST DIAGNOSTICS INC | $34,752 | $48,443 |
| REPUBLIC SERVICES INC | $33,568 | $53,688 |
| SAFRAN SA-UNSPON | $31,216 | $45,426 |
| SCHWAB CHARLES CORP NEW | $33,075 | $63,496 |
| STARBUCKS CORP | $42,598 | $69,597 |
| STRYKER CORP | $42,549 | $56,158 |
| SYSCO CORPORATION | $29,029 | $47,523 |
| TAIWAN S MANUFACTURING | $52,602 | $113,693 |
| TE CONNECTIVITY LTD | $38,945 | $66,956 |
| VERIZON COMMUNICATIONS COM | $48,096 | $41,568 |
| VULCAN MATERIALS | $37,519 | $62,274 |
| XCEL ENERGY | $14,431 | $16,587 |
| BECTON DICKINSON CO | $24,301 | $23,891 |
| BECTON DICKINSON CO | $13,943 | $13,831 |
| COMCAST CORP | $4,538 | $4,530 |
| MITSUBISHI CRP 8058 FN | $39,382 | $43,606 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DOUBLELINE LOW DUATION | AT COST | $50,000 | $49,648 |
| DOUBLELINE LOW DUATION | AT COST | $531,000 | $526,568 |
| DOUBLELINE TOTAL RETURN | AT COST | $85,000 | $82,540 |
| PIMCO INCOME FUND | AT COST | $83,781 | $84,929 |
| PIMCO LOW DUATION | AT COST | $69,820 | $70,408 |
| TEMPLETON GLOBAL | AT COST | $81,441 | $67,009 |
| ISHARES PREFERRED | AT COST | $21,687 | $21,450 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $19,469 | LegalFeesAmt |
| Net Investment Income | $9,735 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,734 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDEND RECEIVABLE | Desc |
| BOY Book Value | $24 | BOYBookValueAmt |
| EOY Book Value | $222 | EOYBookValueAmt |
| EOYFMV | $222 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WASH SALE ADJUSTMENTS | Desc |
| Amt | $259 | Amt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDIVIDEND DISTRIBUTION | Desc |
| Amt | $7,156 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $27,493 | Amt |
| Net Investment Income | $27,493 | 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 | $874 | $874 | $0 |
| OTHER TAXES | $471 | $471 | $0 |
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