MAKY AND SHAUN ZANGANEH FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
MAKY AND SHAUN ZANGANEH FOUNDATION INC (EIN 47-4723328)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-10-09
IRS object ID
201842829349100624
Schema version
2017v2.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-10-09T11:12:29-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Yosef Y Manela CPA A Professional CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16300 Wilshire Blvd Suite 2030AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90048ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474723328EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Maky and Shaun Zanganeh Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAKYBusinessNameControlTxt
Phone8056376717PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line151 Adam WayAddressLine1Txt
CityAthertonCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94027ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMahkam ZanganehPersonNm
Person TitleCEOPersonTitleTxt
Signature2018-10-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYosef Y Manela CPA APCPreparerPersonNm
PTINP00446103PTIN
Phone3237820818PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,541,421FMVAssetsEOYAmt
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$24,831InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$24,831InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$24,831InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$18,379DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,379DividendsNetInvstIncmAmt
Dividends Adj Net Incm$18,379DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$5,459NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$146,566GrossSalesPriceAmt
Other Income Rev And Expnss$13,113OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$50,864TotalRevAndExpnssAmt
Total Net Invst Incm$43,210TotalNetInvstIncmAmt
Total Adj Net Incm$43,210TotalAdjNetIncmAmt
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$235,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$235,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$235,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$235,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$184,136ExcessRevenueOverExpensesAmt
Net Investment Income$43,210NetInvestmentIncomeAmt
Adjusted Net Income$43,210AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,828,962CashBOYAmt
Cash EOY$973,757CashEOYAmt
Cash EOYFMV$973,757CashEOYFMVAmt
Corporate Stock EOY$3,567,664CorporateStockEOYAmt
Corporate Stock EOYFMV$3,567,664CorporateStockEOYFMVAmt
Total Assets BOY$4,828,962TotalAssetsBOYAmt
Total Assets EOY$4,541,421TotalAssetsEOYAmt
Total Assets EOYFMV$4,541,421TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$4,828,962UnrestrictedBOYAmt
Unrestricted EOY$4,541,421UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$4,828,962TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,541,421TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,828,962TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,541,421TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,828,962TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$184,136ExcessRevenueOverExpensesAmt
Subtotal$4,644,826SubtotalAmt
Other Decreases$103,405OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$4,541,421TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
10000 Aurinia PharmaceuticalsP2017-01-012017-12-31$133,453$138,912-$5,459-$5,459
John Hancock LRF CP CoreP2017-01-012017-12-31$8,307$8,307
Loomis Sayles GrowthP2017-01-012017-12-31$2,786$2,786
Oakmark InternationalP2017-01-012017-12-31$2,020$2,020
FieldValueIRS element (for citing)
Capital Gain Net Income-$5,459CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$5,459NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$240,427AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$1AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$4,614,924NetVlNoncharitableAssetsYr2Amt
Net Vl Noncharitable Assets$4,473,300NetVlNoncharitableAssetsAmt
Net Investment Income Pct$432NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$432AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$235,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$432InvestmentIncomeExciseTaxAmt
Subtotal$432SubtotalAmt
Tax Based On Investment Income$432TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,576EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,576TotalPaymentsAndCreditsAmt
Overpayment$4,144OverpaymentAmt
Applied To ES Tax$4,144AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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 Line1Yosef Y ManelaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3237820818PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16300 Wilshire Blvd Suite 2030AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90048ZIPCd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Elaine Stracker
51 Adam WayAthertonCA94027Director0.00$0
Robert Duggan
51 Adam wayAthertonCA94027Director0.00$0
Mahkam Zanganeh
51 Adam WayAthertonCA94027President & CEO0.00$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$4,541,421AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,541,421TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$4,541,421AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$68,121CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,473,300NetVlNoncharitableAssetsAmt
Minimum Investment Return$223,665MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$223,665MinimumInvestmentReturnAmt
Tax Based On Investment Income$432TaxBasedOnInvestmentIncomeAmt
Income Tax$4,710IncomeTaxAmt
Total Tax$5,142TotalTaxAmt
Distributable Before Adj$218,523DistributableBeforeAdjAmt
Distributable Before Ded$218,523DistributableBeforeDedAmt
Distributable As Adjusted$218,523DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$235,000ExpensesAndContributionsAmt
Qualifying Distributions$235,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$432PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$234,568AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$218,523DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$245,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$245,000TotalExcessDistributionCyovAmt
Qualifying Distributions$235,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$218,523AppliedToCurrentYearAmt
Remaining Distri From Corpus$16,477RemainingDistriFromCorpusAmt
Total Corpus$261,477TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$261,477ExcessDistriCyovToNextYrAmt
Excess From Year1$245,000ExcessFromYear1Amt
Excess From Current Year$16,477ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
JP Morgan Charitable Giving Fund
165 Township Line Road Suite 1200JenkintownPA19046NonePCGeneral$30,000
Las Lomitas Education Foundation
PO Box 7282Menlo ParkCA94026NonePCGeneral$100,000
Lucile Packard Children's Hospital
343 Second StreetLos AltosCA94022NonePCGeneral$100,000
Stanford University
903 Lakme AvenueWilmingtonCA90744NonePCGeneral$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$235,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24,831ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18,379ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,113ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$5,459RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$56,323ExclusionAmt
Related Or Exempt Function Incm-$5,459RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$50,864TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockJP Morgan HoldingsStockNm
EOY Book Value$3,567,664EOYBookValueAmt
EOYFMV$3,567,664EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$13,113RevenueAndExpensesPerBooksAmt

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