Harry T Mangurian Jr Foundation Inc
- Assets
- $71.5m
- Revenue
- $2.7m
- Investments
- $67.1m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 02/2000
- Data as of
- 12/2023
- 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 12/2023, Harry T Mangurian Jr Foundation Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $13.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry T Mangurian Jr Foundation Inc has awarded 305 individual grants totaling $126,478,624. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen G Mehallis President / Director | 40 | $145,000 | |
Gordon W Latz V. President-Grants/secretary Director | 40 | $145,000 | |
Beth P Piana Vice President-Finance/treasurer | 40 | $135,080 | |
Charles Glenn Leonard Chairman/director | 1 | $5,000 | |
Nora Gillary Director | 1 | $5,000 | |
Paul C Jameson Jr Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184,195 |
| Dividends & Interest | $2,249,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,899 |
| Capital Gain Net Income | $693,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,326 |
| Total Revenue | $2,724,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $440,080 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $88,839 |
| Interest | $0 |
| Taxes | $72,166 |
| Depreciation | $0 |
| Occupancy | $56,405 |
| Travel, conferences, and meetings | $4,927 |
| Printing and publications | $0 |
| Other expenses | $51,887 |
| Total operating and administrative expenses | $1,121,384 |
| Contributions, gifts, grants paid | $11,843,835 |
| Total expenses and disbursements | $12,965,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,387,475 |
| 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 | $7,611 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,409,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $71,495,920 |
| 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 | $600,000 |
| Total liabilities | $600,000 |
Grants Awarded
Over the last fiscal year, Harry T Mangurian Jr Foundation Inc has awarded $23,418,835 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
4KIDS OF SOUTH FLORIDA INC PURPOSE: MISSION SUPPORT FOR SECURING SAFE/SECURE HOMES FOR FOSTER CHILDREN. | $1,000 |
ADVENTHEALTH CENTRAL FLORIDA FOUNDATION PURPOSE: KEY EQUIPMENT FOR HEAD & NECK ONCOLOGY PROGRAMS. | $150,000 |
ALFRED UNIVERSITY PURPOSE: SUPPORT FOR INSTITUTE FOR ELECTRONIC ARTS PROGRAM. | $100,000 |
ALSAC ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPORT FOR TREATMENT/ CARE OF CHILDREN WITH LEUKEMIA AND LYMPHOMAS. | $50,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: YOUTH PROJECT POWER PROGRAM. | $25,000 |
AMERICAN HEART ASSOCIATION PURPOSE: SOUTH FLORIDA SOCIAL IMPACT FUND. | $250,000 |