Harry T Mangurian Jr Foundation Inc
- Assets
- $88.6m
- Revenue
- $12.7m
- Investments
- $85.8m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 16-1578255
Organization Overview
Harry T Mangurian Jr Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harry T Mangurian Jr Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Harry T Mangurian Jr Foundation Inc generated $12.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $18.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry T Mangurian Jr Foundation Inc has awarded 157 individual grants totaling $73,428,799. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon W Latz V. President-Grants/secretary Director | 40 | $145,000 | |
Stephen G Mehallis President / Director | 40 | $145,000 | |
Beth P Piana Vice President-Finance/treasurer | 40 | $135,080 | |
Paul C Jameson Jr Director | 1 | $5,000 | |
Charles Glenn Leonard Director | 1 | $5,000 | |
Nora Gillary Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,120 |
| Dividends & Interest | $2,458,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,212,148 |
| Capital Gain Net Income | $10,852,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,394 |
| Total Revenue | $12,675,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $440,080 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218,852 |
| Depreciation | $0 |
| Occupancy | $51,377 |
| Travel, conferences, and meetings | $2,300 |
| Printing and publications | $0 |
| Other expenses | $87,628 |
| Total operating and administrative expenses | $1,314,845 |
| Contributions, gifts, grants paid | $16,774,414 |
| Total expenses and disbursements | $18,089,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,810,399 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,391 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,154,908 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,141 |
| Total assets | $88,622,200 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $100,000 |
Grants Awarded
Over the last fiscal year, Harry T Mangurian Jr Foundation Inc has awarded $35,349,414 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC - FLORIDA PURPOSE: BUILDING NEW HORIZONS CAPITAL CAMPAIGN. | $5,000,000 |
Rye Brook, NY PURPOSE: THE CHILDREN'S INITIATIVE. | $5,000,000 |
Gainesville, FL PURPOSE: MRI AND ADVANCED IMAGING SUITE. | $4,000,000 |
Fort Lauderdale, FL PURPOSE: D. MANGURIAN WOMEN'S CTR., O/R MODERNIZATION, COVID VACCINE CLINIC. | $2,704,100 |
Rye Brook, NY PURPOSE: CONTINUED SUPPORT FOR THE EXPANSION OF THE BEAT AML INITIATIVE. | $2,500,000 |
THE OHIO STATE UNIVERSITY FOUNDATION PURPOSE: CANCER DRUG RESEARCH, OTHER MEDICAL RESEARCH AND MBA PROGRAM FUND. | $2,350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
The St Joe Community Foundation Inc Panama City Beach, FL | $5,065,380 | $5,661,153 |