Mng Family Foundation
- Assets
- $2.8m
- Revenue
- $877.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 83-2024175
Organization Overview
Mng Family Foundation is located in Chicago, IL.
For the year ending 12/2022, Mng Family Foundation generated $877.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mng Family Foundation has awarded 27 individual grants totaling $2,255,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Pagon III President, Treasurer, And Director | 2.5 | $0 | |
Omar Balkissoon Vice-President And Director | 2.5 | $0 | |
Amanda C Pagon Secretary And Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $5,552 |
| Dividends & Interest | $73,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,948 |
| Capital Gain Net Income | $48,948 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $877,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103 |
| Total operating and administrative expenses | $29,883 |
| Contributions, gifts, grants paid | $1,598,000 |
| Total expenses and disbursements | $1,627,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $671,020 |
| 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 | $305,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,799,077 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $675,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $675,000 |
Grants Awarded
Over the last fiscal year, Mng Family Foundation has awarded $1,598,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
10X PROJECT INC PURPOSE: GENERAL | $1,540,000 |
CHARTER FOLK PURPOSE: GENERAL | $5,000 |
A BRIDGE FOR KIDS PURPOSE: GENERAL | $2,000 |
VENTURE CHURCH PURPOSE: GENERAL | $10,000 |
SAN DIEGO FCA PURPOSE: GENERAL | $10,000 |
FLYING LEATHERNECK HISTORICAL FOUNDATION PURPOSE: GENERAL | $10,000 |