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MNM FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MNM FOUNDATION (EIN 81-4178256)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-05-15
IRS object ID
202041369349101309
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-05-15T13:05:32-07:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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
ZIP021112526ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

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
Phone7812703655PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 BURLINGTON ROADAddressLine1Txt
CityBEDFORDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01730ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMIR DESAIPersonNm
Person TitleTrusteePersonTitleTxt
Signature2020-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BYRNEPreparerPersonNm
PTINP01392195PTIN
Phone6174263350PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-09-10 13:11:23ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,413,825FMVAssetsEOYAmt
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$1,192InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,192InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,192InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$22,920DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,920DividendsNetInvstIncmAmt
Dividends Adj Net Incm$22,920DividendsAdjNetIncmAmt
Total Rev And Expnss$24,112TotalRevAndExpnssAmt
Total Net Invst Incm$24,112TotalNetInvstIncmAmt
Total Adj Net Incm$24,112TotalAdjNetIncmAmt
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$73,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$73,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$73,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$73,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$49,388ExcessRevenueOverExpensesAmt
Net Investment Income$24,112NetInvestmentIncomeAmt
Adjusted Net Income$24,112AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$463,219SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$413,831SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$413,831SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,000,000OtherInvestmentsBOYAmt
Other Investments EOY$1,000,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$999,994OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,463,219TotalAssetsBOYAmt
Total Assets EOY$1,413,831TotalAssetsEOYAmt
Total Assets EOYFMV$1,413,825TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,463,219CapitalStockBOYAmt
Capital Stock EOY$1,413,831CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,463,219TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,413,831TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,463,219TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,413,831TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,463,219TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$49,388ExcessRevenueOverExpensesAmt
Subtotal$1,413,831SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,413,831TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$40,040AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,469,099NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.02726DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$800,336NetVlNoncharitableAssetsYr2Amt
Total Distribution0.027255TotalDistributionRt
Average Distribution0.013628AverageDistributionRt
Net Vl Noncharitable Assets$1,452,198NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$19,791AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$241NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$20,032AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$73,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$241InvestmentIncomeExciseTaxAmt
Subtotal$241SubtotalAmt
Tax Based On Investment Income$241TaxBasedOnInvestmentIncomeAmt
Tax Due$241TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$999,331AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$474,982AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,474,313TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,474,313AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,115CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,452,198NetVlNoncharitableAssetsAmt
Minimum Investment Return$72,610MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$72,610MinimumInvestmentReturnAmt
Tax Based On Investment Income$241TaxBasedOnInvestmentIncomeAmt
Total Tax$241TotalTaxAmt
Distributable Before Adj$72,369DistributableBeforeAdjAmt
Distributable Before Ded$72,369DistributableBeforeDedAmt
Distributable As Adjusted$72,369DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$73,500ExpensesAndContributionsAmt
Qualifying Distributions$73,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$241PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$73,259AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$72,369DistributableAsAdjustedAmt
Undistributed Income PY$73,366UndistributedIncomePYAmt
Qualifying Distributions$73,500QualifyingDistributionsAmt
Applied To Year1$73,366AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$134AppliedToCurrentYearAmt
Undistributed Income CY$72,235UndistributedIncomeCYAmt

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$73,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$73,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,192ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,920ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$24,112ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,112TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemPUTNAM SHORT DURATION INCOME A (PSDTX)CategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,000,000BookValueAmt
EOYFMV$999,994EOYFMVAmt

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