FURP.ORG / PUBLIC DATA EXPLORER

MASAN GROUP INITIATIVE CORP: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MASAN GROUP INITIATIVE CORP (EIN 88-4239357)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-04
IRS object ID
202513089349101301
Schema version
2024v5.0
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)
Return2025-11-04T12:28:21-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473665737PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MF & ASSOCIATES GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAIL STE 119AddressLine1Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN884239357EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MASAN GROUP INIATIVE CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMASABusinessNameControlTxt
Phone9547324495PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAIL STE 119AddressLine1Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALEXANDER FELDMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5616911100PhoneNum
Signature2025-08-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARIELA ARROYOPreparerPersonNm
PTINP01625329PTIN
Phone5616911100PhoneNum
Preparation2025-11-04PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$56ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$501InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$501InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$501InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$673DividendsRevAndExpnssAmt
Dividends Net Invst Incm$673DividendsNetInvstIncmAmt
Dividends Adj Net Incm$673DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$331,193NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,951,626GrossSalesPriceAmt
Total Rev And Expnss-$329,963TotalRevAndExpnssAmt
Total Net Invst Incm$1,174TotalNetInvstIncmAmt
Total Adj Net Incm$1,174TotalAdjNetIncmAmt
Taxes Rev And Expnss$433TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$136OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$569TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,410ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,410ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$40,979TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,410TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$370,942ExcessRevenueOverExpensesAmt
Net Investment Income$1,174NetInvestmentIncomeAmt
Adjusted Net Income$1,174AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$421CashBOYAmt
Cash EOY$3,138CashEOYAmt
Other Nts And Loans Rcvbl$3,277OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY$3,277OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$1,037,548CorporateStockBOYAmt
Corporate Stock EOY$655,165CorporateStockEOYAmt
Total Assets BOY$1,037,969TotalAssetsBOYAmt
Total Assets EOY$661,580TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Accounts Payable BOY$5,447AccountsPayableBOYAmt
Total Liabilities BOY$5,447TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,032,522NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$661,580NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,032,522TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$661,580TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,037,969TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$661,580TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,032,522TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$370,942ExcessRevenueOverExpensesAmt
Subtotal$661,580SubtotalAmt
Tot Net Ast Or Fund Balances EOY$661,580TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16InvestmentIncomeExciseTaxAmt
Subtotal$16SubtotalAmt
Tax Based On Investment Income$16TaxBasedOnInvestmentIncomeAmt
Tax Due$16TaxDueAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityYes (true)OwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.MASANGROUP.ORGWebsiteAddressTxt
Individual With BooksMF TAX GROUPIndividualWithBooksNm
Phone5616911100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAILAddressLine1Txt
Address Line2STE 119AddressLine2Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHRISTINA SHER
510 KAY TERRACEBOCA RATONFL33433DIRECTOR000.00$0$0$0
MARIELA ARROYO
10967 NW 61ST CTPARKLANDFL33076TREASURER000.00$0$0$0
ALEXANDER FELDMAN
10967 NW 61ST CTPARKLANDFL33076PRESIDENT000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1FOUNDATION CONTRIBUTED TO VOCATIONAL SCHOOL SUN VALLEY CULINARY SCHOOLDescription1Txt
Expenses1$26,910Expenses1Amt
Description2HELP TO STRUGGLING FAMILIESDescription2Txt
Expenses2$13,500Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$803,842AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,708AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$805,550TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$805,550AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,083CashDeemedCharitableAmt
Net Vl Noncharitable Assets$793,467NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,673MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,410ExpensesAndContributionsAmt
Qualifying Distributions$40,410QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$40,410QualifyingDistributionsAmt
Remaining Distri From Corpus$40,410RemainingDistriFromCorpusAmt
Total Corpus$40,410TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,174CurrentYearAmt
Year1$31,117Year1Amt
Total$32,291TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$998CurrentYearAmt
Year1$26,449Year1Amt
Total$27,447TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$40,410CurrentYearAmt
Year1$43,746Year1Amt
Total$84,156TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$40,410CurrentYearAmt
Year1$43,746Year1Amt
Total$84,156TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$26,449CurrentYearAmt
Year1$31,558Year1Amt
Year2$517Year2Amt
Total$58,524TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonALEX FELDMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line18409 N MILITARY TRAILAddressLine1Txt
Address Line2STE 119AddressLine2Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9547324495RecipientPhoneNum
Recipient Email AddressTIFFCAP@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsAPPLICATIONS SHOULD BE DONE VIA EMAIL AND SPECIFY PROGRAM APPLICANT IS APPLYING TO, LENGTH OF PROGRAM, COST AND DEGREE BEING OBTAINED. EACH APPLICATION MUST INCLUDE A CANDIDATE CV AND ESSAY.FormAndInfoAndMaterialsTxt
Submission DeadlinesDEADLINES FOR AWARDS ARE OCTOBER 31ST OF THE CALENDAR YEARSubmissionDeadlinesTxt
Restrictions On AwardsAWARD LIMITS WILL BE POSTED ON A YEARLY BASISRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SUN VALLEY CULINARY INSTITUTE
211 NORTH MAIN STREETKETCHUNID83340FUNDING SCHOOL FOR CHEF EDUCATION$26,910
AUSRA RAGAUSKAITE
7734 ABBOTT AVEMIAMI BEACHFL33141ASSISTANCE DISPLACED FAMILY$13,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,410TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$501RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$673RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$331,193ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$331,193ExclusionAmt
Related Or Exempt Function Incm$1,174RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$330,019TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetVARIOUS EQUITIES SOLDAssetDesc
Acquired2023-11AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2024-03SoldDt
Gross Sales Price$2,951,626GrossSalesPriceAmt
Basis$3,282,819BasisAmt
Total Net-$331,193TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTD AMERITRADEStockNm
EOY Book Value$655,165EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$136

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1LOAN RECEIVABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$3,277BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$433Amt