Mng Family Foundation
- Assets
- $4.3m
- Revenue
- $1.8m
- Investments
- $2.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2021
- EIN
- 83-2024175
Organization Overview
Mng Family Foundation is located in Chicago, IL.
For the year ending 12/2021, Mng Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.5% each year . All expenses for the organization totaled $514.1k during the year ending 12/2021. While expenses have increased by 47.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mng Family Foundation has awarded 20 individual grants totaling $657,500. 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omar Balkissoon Vice-President And Director | 2.5 | $0 | |
Garrett Pagon III President, Treasurer, And Director | 2.5 | $0 | |
Amanda C Pagon Secretary And Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,650,000 |
| Interest on Savings | $2,756 |
| Dividends & Interest | $65,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $123,287 |
| Capital Gain Net Income | $123,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,841,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,623 |
| Contributions, gifts, grants paid | $457,500 |
| Total expenses and disbursements | $514,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,423,069 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $922,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $222 |
| Total assets | $4,306,531 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,425,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,425,000 |
Grants Awarded
Over the last fiscal year, Mng Family Foundation has awarded $457,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
10X PROJECT INC PURPOSE: GENERAL | $405,000 |
FRATERNITY AND SORORITY PURPOSE: GENERAL | $10,000 |
San Diego, CA PURPOSE: GENERAL | $10,000 |
VENTURE CHURCH PURPOSE: GENERAL | $10,000 |
San Diego, CA PURPOSE: GENERAL | $10,000 |
Seattle, WA PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |