BETA

MNM FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MNM FOUNDATION (EIN 81-4178256)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-06-22
IRS object ID
202101739349100515
Schema version
2019v5.0
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)
Return2021-06-22T09:39:00-07:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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 Line1GOLDBERG 132 LINCOLN STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMIR DESAIPersonNm
Person TitleTrusteePersonTitleTxt
Signature2021-06-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BYRNEPreparerPersonNm
PTINP01392195PTIN
Phone6174263350PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,363,714FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$334InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$334InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$334InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$19,800DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,800DividendsNetInvstIncmAmt
Dividends Adj Net Incm$19,800DividendsAdjNetIncmAmt
Total Rev And Expnss$20,134TotalRevAndExpnssAmt
Total Net Invst Incm$20,134TotalNetInvstIncmAmt
Total Adj Net Incm$20,134TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$72,235ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$72,235ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$72,235TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$72,235TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$52,101ExcessRevenueOverExpensesAmt
Net Investment Income$20,134NetInvestmentIncomeAmt
Adjusted Net Income$20,134AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$413,831SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$361,730SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$361,730SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,000,000OtherInvestmentsBOYAmt
Other Investments EOY$1,000,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,001,984OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,413,831TotalAssetsBOYAmt
Total Assets EOY$1,361,730TotalAssetsEOYAmt
Total Assets EOYFMV$1,363,714TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,413,831CapitalStockBOYAmt
Capital Stock EOY$1,361,730CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,413,831TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,361,730TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,413,831TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,361,730TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,413,831TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$52,101ExcessRevenueOverExpensesAmt
Subtotal$1,361,730SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,361,730TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$73,259AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,452,198NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05045DistributionYr1Rt
Adjusted Qlfy Distri Yr2$40,040AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,469,099NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.02726DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$800,336NetVlNoncharitableAssetsYr3Amt
Total Distribution0.077702TotalDistributionRt
Average Distribution0.025901AverageDistributionRt
Net Vl Noncharitable Assets$1,414,941NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$36,648AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$201NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$36,849AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$72,235QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$201InvestmentIncomeExciseTaxAmt
Subtotal$201SubtotalAmt
Tax Based On Investment Income$201TaxBasedOnInvestmentIncomeAmt
Tax Due$201TaxDueAmt

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$998,253AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$438,235AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,436,488TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,436,488AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,547CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,414,941NetVlNoncharitableAssetsAmt
Minimum Investment Return$70,747MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$70,747MinimumInvestmentReturnAmt
Tax Based On Investment Income$201TaxBasedOnInvestmentIncomeAmt
Total Tax$201TotalTaxAmt
Distributable Before Adj$70,546DistributableBeforeAdjAmt
Distributable Before Ded$70,546DistributableBeforeDedAmt
Distributable As Adjusted$70,546DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$72,235ExpensesAndContributionsAmt
Qualifying Distributions$72,235QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$201PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$72,034AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$70,546DistributableAsAdjustedAmt
Undistributed Income PY$72,235UndistributedIncomePYAmt
Qualifying Distributions$72,235QualifyingDistributionsAmt
Applied To Year1$72,235AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Undistributed Income CY$70,546UndistributedIncomeCYAmt

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$72,235Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$72,235TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$334ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,800ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$20,134ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$20,134TotalIncomeProducingActyAmt

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

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

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