MNG FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MNG FAMILY FOUNDATION (EIN 83-2024175)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202103199349110075
- Schema version
- 2020v4.1
- 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 Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T21:34:58-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | 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 NO 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 | 2021-11-15 | 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 | 2021-11-15 | 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 | 2020 | 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 | $4,417,981 | 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 | $725,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $7,312 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7,312 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $54,409 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $54,409 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$5,207 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $717,479 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $781,514 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $61,721 | 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 | $15,061 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $7,531 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $7,530 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $19,913 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $19,913 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $385 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $385 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $35,359 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $27,829 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $7,530 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $200,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $200,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $235,359 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $27,829 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $207,530 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $546,155 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $33,892 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,765,644 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $774,594 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $774,594 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,621,993 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,879,714 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,575,873 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $140,593 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $162,153 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $167,247 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $395,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $906,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $900,243 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $24 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $24 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,923,230 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,722,485 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,417,981 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $2,900,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $2,175,000 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $2,900,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,175,000 | 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 | $1,023,230 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,547,485 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,023,230 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,547,485 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,923,230 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,722,485 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,023,230 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $546,155 | ExcessRevenueOverExpensesAmt |
| Other Increases | $5,614 | OtherIncreasesAmt |
| Subtotal | $1,574,999 | SubtotalAmt |
| Other Decreases | $27,514 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,547,485 | 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 - COVERED | $494,829 | $595,702 | -$100,873 | -$100,873 | |
| MERRILL LYNCH #2031 - COVERED | $36,373 | $43,154 | -$6,781 | -$6,781 | |
| MERRILL LYNCH #2050 - COVERED | $186,251 | $83,830 | $102,421 | $102,421 | |
| CAPITAL GAINS DIVIDENDS | $26 | $26 | $26 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$5,207 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $471 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $471 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $471 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $471 | TaxDueAmt |
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 NO 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 | $2,817,780 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,182,567 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,000,347 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,000,347 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $60,005 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,940,342 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $197,017 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $197,017 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $471 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $471 | TotalTaxAmt |
| Distributable Before Adj | $196,546 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $196,546 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $196,546 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $207,530 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $207,530 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $207,530 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $196,546 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $831 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $207,530 | QualifyingDistributionsAmt |
| Applied To Year1 | $831 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $196,546 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $10,153 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $10,153 | 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 | $10,153 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $10,153 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| A BRIDGE FOR KIDS | |||||||
| 4445 EASTGATEMALL SUITE 200 | SAN DIEGO | CA | 92121 | NONE | PC | GENERAL | $10,000 |
| SANTA FE CHRISTIAN SCHOOL | |||||||
| 838 ACADEMY DR | SOLANA BEACH | CA | 92075 | NONE | PC | GENERAL | $50,000 |
| CARE NET | |||||||
| 44180 RIVERSIDE PARKWAY SUITE 200 | LANSDOWNE | VA | 20176 | NONE | PC | GENERAL | $20,000 |
| HOPE LEADERSHIP FOUNDATION | |||||||
| 5270 EASTGATE MALL | SAN DIEGO | CA | 92121 | NONE | PC | GENERAL | $10,000 |
| NEIGHBOROOD HOUSE | |||||||
| 179 ROBIE STREET EAST | SAINT PAUL | MN | 55107 | NONE | PC | GENERAL | $10,000 |
| EASTSIDE COLLEGE PREPARATION | |||||||
| 1041 MYRTLE ST | EAST PALO ALTO | CA | 94303 | NONE | PC | GENERAL | $30,000 |
| FELLOWSHIP OF CHRISTIAN | |||||||
| 30 N LASALLE ST 4300 | CHICAGO | IL | 60602 | NONE | PC | GENERAL | $10,000 |
| ST FRANCIS ACADEMY | |||||||
| 501 EAST CHASE STREET | BALTIMORE | MD | 21202 | NONE | PC | GENERAL | $20,000 |
| WILLING WARRIORS | |||||||
| 16013 WATERFALL RD | HAYMARKET | VA | 20169 | NONE | PC | GENERAL | $10,000 |
| WORLD VISION | |||||||
| 5001 W HARRISON ST | CHICAGO | IL | 60644 | NONE | PC | GENERAL | $10,000 |
| SEEDS OF HOPE | |||||||
| W4818 POTTER RD | ELKHORN | WI | 53121 | NONE | PC | GENERAL | $10,000 |
| EDIFY | |||||||
| 8825 AERO DR SUITE 220 | SAN DIEGO | CA | 92123 | NONE | PC | GENERAL | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $200,000 | 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 | $7,312 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $54,409 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$5,207 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $56,514 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $56,514 | 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 | $725,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | NOTE PAYABLE - LOAN FORGIVENESS | NoncashPropertyDesc |
| Fair Market Value | $725,000 | FairMarketValueAmt |
| Received | 2020-12-31 | ReceivedDt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AT&T | $10,809 | $11,048 |
| BERKLEY CORPORATION | $13,151 | $13,995 |
| BRUNSWICK CORP - SENIOR NOTES | $9,385 | $9,387 |
| CHARLES SCHWAB | $13,348 | $13,020 |
| JP MORGAN CHASE & CO | $10,444 | $10,368 |
| METLIFE INC | $14,888 | $15,390 |
| PUBLIC STORAGE | $9,365 | $9,349 |
| STATE STREET CORP | $13,815 | $14,165 |
| THE ALLSTATE CORP | $16,022 | $16,542 |
| US BANCORP | $16,347 | $15,996 |
| WELLS FARGO & COMPANY | $12,987 | $12,800 |
| BRUNSWICK CORP ORIGINAL | $225 | $268 |
| BRUNSWICK CORP ORIGINAL | $1,638 | $2,012 |
| CHARLES SCHWAB | $4,860 | $5,338 |
| CAPITAL ONE FINCL CORP | $5,186 | $7,179 |
| STATE STREET CORP | $1,024 | $1,275 |
| WELLS FARGO & COMPANY | $8,659 | $9,115 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (50 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMAZON COM INC | $8,796 | $16,285 |
| AMERICAN TOWER TEIT INC | $16,173 | $16,835 |
| AMERICOLD RLTY TR | $44,450 | $44,796 |
| AMGEN INC COM | $30,284 | $33,338 |
| ATMOS ENERGY CORP COM | $18,915 | $16,223 |
| BLACKROCK INC | $16,353 | $25,254 |
| BRISTOL-MYERS SQUIBB CO | $17,060 | $18,919 |
| CISCO SYSTEMS INC | $65,653 | $62,203 |
| COMCAST CORP | $20,148 | $23,318 |
| DISNEY (WALT) CO COM | $61,670 | $88,778 |
| EATON CORP | $34,297 | $48,657 |
| HONEYWELL INTL INC | $32,727 | $39,350 |
| HUMANA | $36,437 | $47,182 |
| INTEL CORP | $64,307 | $56,795 |
| JOHNSON AND JOHNSON | $93,442 | $110,166 |
| JPMORGAN CHASE | $71,232 | $73,065 |
| LAM RESEARCH CORP | $45,253 | $85,009 |
| MICROSOFT CORP | $104,399 | $151,245 |
| PROCTER & GAMBLE | $40,213 | $45,916 |
| REPUBLIC SERVICES INC | $33,567 | $37,076 |
| SCHWAB CHARLES CORP NEW | $33,075 | $40,045 |
| STARBUCKS CORP | $53,547 | $79,702 |
| SYSCO CORPORATION | $61,283 | $75,002 |
| TE CONNECTIVITY LTD | $38,944 | $50,245 |
| VERIZON COMMUNICATIONS COM | $48,096 | $47,000 |
| ALPHABET INC | $99,669 | $154,165 |
| CROWDSTRIKE HLDGS INC | $48,086 | $173,692 |
| CHURCHILL DOWNS INC | $69,384 | $139,275 |
| QUALCOMM INC | $49,895 | $113,493 |
| AMERICAN TOWER TEIT INC | $15,558 | $16,834 |
| AMERICAN TOWER TEIT INC | $8,464 | $8,978 |
| AMGEN INC COM | $31,437 | $32,188 |
| AMGEN INC COM | $15,210 | $14,945 |
| APPLE INC | $29,047 | $55,730 |
| ATMOS ENERGY CORP COM | $17,693 | $15,746 |
| ATMOS ENERGY CORP COM | $8,562 | $7,634 |
| BLACKROCK INC | $17,043 | $25,254 |
| BLACKROCK INC | $7,409 | $10,823 |
| BRISTOL-MYERS SQUIBB CO | $17,348 | $18,299 |
| BRISTOL-MYERS SQUIBB CO | $9,062 | $8,994 |
| COMCAST CORP | $21,478 | $24,890 |
| COMCAST CORP | $10,096 | $12,576 |
| CVS | $34,614 | $41,322 |
| CME GROUP | $35,605 | $38,231 |
| QUEST DIAGNOSTICS INC | $26,217 | $25,026 |
| SAFRAN SA-UNSPON | $31,217 | $52,658 |
| STRYKER CORP | $62,168 | $73,512 |
| TAIWAN S MANUFACTURING | $52,603 | $103,043 |
| VULCAN MATERIALS | $37,519 | $44,493 |
| XCEL ENERGY | $34,009 | $31,668 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DOUBLELINE TOTAL RETURN | AT COST | $85,000 | $84,921 |
| DOUBLELINE LOW DUATION | AT COST | $531,000 | $531,902 |
| PIMCO LOW DUATION | AT COST | $70,000 | $70,898 |
| PIMCO INCOME FUND | AT COST | $85,000 | $86,138 |
| TEMPLETON GLOBAL | AT COST | $85,000 | $76,233 |
| DOUBLELINE LOW DUATION | AT COST | $50,000 | $50,151 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $15,061 | LegalFeesAmt |
| Net Investment Income | $7,531 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $7,530 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDEND RECEIVABLE | Desc |
| EOY Book Value | $24 | EOYBookValueAmt |
| EOYFMV | $24 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WASH SALE ADJUSTMENTS | Desc |
| Amt | $27,514 | Amt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDIVIDEND DISTRIBUTION | Desc |
| Amt | $5,614 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $19,913 | Amt |
| Net Investment Income | $19,913 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGBCMRC TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1840 EAST WARM SPRING ROAD SUITE | AddressLine1Txt |
| Address Line2 | 105 | AddressLine2Txt |
| City | LAS VEGAS | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89119 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX EXPENSE | CategoryTxt |
| Amt | $385 | Amt |
| Net Investment Income | $385 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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