Civic Intelligence

Mitchell Cangelosi Scholarship Fund

EIN 26-2077330 • 501(c)3 • Montauk, NY

Profile

Award a Scholarship to a graduating senior.

77 West Lake DriveMontauk, NY 11954

www.mitchsrun.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

16th percentile

-57%

Higher net margin than 16% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-2.7%

Faster asset growth than 40% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

67%

Faster revenue growth than 80% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$207,025

Down $5,711 (-2.7%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$207,025

Down $5,711 (-2.7%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin16th percentile

Revenue

Up

$9,982

Up $4,012 (+67%) from 2023

Expenses

Down

$15,693

Down $3,442 (-18%) from 2023

Net Income

Up

-$5,711

Up $7,454 (+57%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $97,631Liabilities 2010: $0Net Assets 2010: $97,6312010Assets 2011: $115,252Liabilities 2011: $0Net Assets 2011: $115,2522011Assets 2012: $139,537Liabilities 2012: $0Net Assets 2012: $139,5372012Assets 2013: $153,927Net Assets 2013: $153,9272013Assets 2015: $187,690Net Assets 2015: $187,6902015Assets 2016: $198,204Net Assets 2016: $198,2042016Assets 2017: $202,368Liabilities 2017: $0Net Assets 2017: $202,3682017Assets 2018: $206,859Liabilities 2018: $0Net Assets 2018: $206,8592018Assets 2019: $212,623Net Assets 2019: $212,6232019Assets 2020: $212,380Net Assets 2020: $212,3802020Assets 2021: $232,214Net Assets 2021: $232,2142021Assets 2022: $225,901Net Assets 2022: $225,9012022Assets 2023: $212,736Net Assets 2023: $212,7362023Assets 2024: $207,025Net Assets 2024: $207,0252024

Highlighted filing

2024

Assets$207,025
Liabilities-
Net Assets$207,025
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20KExpenses 2010: $8,0972010Expenses 2011: $9,5182011Expenses 2012: $10,7102012Revenue 2013: $26,250Expenses 2013: $11,860Net Income 2013: $14,3902013Revenue 2015: $28,651Expenses 2015: $10,425Net Income 2015: $18,2262015Revenue 2016: $20,907Expenses 2016: $10,393Net Income 2016: $10,5142016Revenue 2017: $12,689Expenses 2017: $8,525Net Income 2017: $4,1642017Revenue 2018: $13,016Expenses 2018: $8,525Net Income 2018: $4,4912018Revenue 2019: $14,339Expenses 2019: $8,575Net Income 2019: $5,7642019Revenue 2020: $8,207Expenses 2020: $8,450Net Income 2020: -$2432020Revenue 2021: $28,359Expenses 2021: $8,525Net Income 2021: $19,8342021Revenue 2022: $6,681Expenses 2022: $12,994Net Income 2022: -$6,3132022Revenue 2023: $5,970Expenses 2023: $19,135Net Income 2023: -$13,1652023Revenue 2024: $9,982Expenses 2024: $15,693Net Income 2024: -$5,7112024

Highlighted filing

2024

Revenue$9,982
Expenses$15,693
Net Income-$5,711
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$207,025
Liabilities
-
Net assets
$207,025
Revenue
$9,982
Expenses
$15,693
Net income
-$5,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.07$2.07$0.10$0.16$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.13$2.13$0.06$0.19$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.26$2.26$0.07$0.13$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.32$2.32$0.28$0.09$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.12$2.12$0.08$0.08$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.13$2.13$0.14$0.09$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.13$0.09$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.13$0.09$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.98$1.98$0.21$0.10$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.88$1.88$0.29$0.10$0.18
2013Detailed filing. Detailed filing data is available for this year.$1.54$1.54$0.26$0.12$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.00$1.40$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.98$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$53,008
Mission and Program Overview

Mission

Award a Scholarship to a graduating senior.

Program Services

DescriptionGrantsExpenses
Award a Scholarship for higher education to a graduating senior of sayville high school, as selected by the facultywho meet the criteria of academic and athletic excellence.$12,000$12,000
Scholarship paid to SUNY Suffolk Community College for a Sayville High School Senior$2,988$2,988
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerome CangelosiPresidentPT$0--
Lori CangelosiTreasurerPT$0--
Carl CangelosiSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Mitchell Cangelosi Scholarship Fund
EIN
26-2077330
Phone
5163140013
Address
77 West Lake Drive, Montauk, NY 11954

Signing Officer

Name
Jerome Cangelosi
Title
President
Phone
5163140013
Signed
2025-05-07

Preparer

Firm
Luigi Andreotti CPA PC
Address
90 Forest Ave Suite D, Glen Cove, NY 11542
Preparer
Luigi Andreotti
Phone
5166365110
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

“Scholarship To High School Seniors; Scholarship; Sayville High School: 20 Brook Street, West Sayvillw, NY, 14796; Students, 12000.”

Form 990EZ, Part I, Line 10

“Scholarships To High School Seniors; Scholarship; Suffolk Community College: P O Box 1126, Selden, NY, 11784; Student, 2988.”

Form 990EZ, Part I, Line 16

“NYS Charities Bureau Tax 50.”

Form 990EZ, Part I, Line 16

“Foreign Tax Paid 255.”

Raw XML Appendix163 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Jerome Cangelosi
IRS990EZ/BooksInCareOfDetail/PhoneNum05163140013
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt077 West Lake Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Montauk
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011954
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0212736
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0207025
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt025
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt043026
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5711
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0400
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0212736
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0207025
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt02044
IRS990EZ/GrantsAndSimilarAmountsPaidAmt014988
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt053008
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt07913
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0212736
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0207025
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0212736
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0207025
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jerome Cangelosi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lori Cangelosi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Carl Cangelosi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0305
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Award a Scholarship to a graduating senior.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Award a Scholarship for higher education to a graduating senior of sayville high school, as selected by the facultywho meet the criteria of academic and athletic excellence.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Scholarship paid to SUNY Suffolk Community College for a Sayville High School Senior
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt12988
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12988
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt045070
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt015693
IRS990EZ/TotalProgramServiceExpensesAmt014988
IRS990EZ/TotalRevenueAmt09982
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.mitchsrun.com
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Organization did not fund raise most of revenue is from Investments
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 17b
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09957
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06656
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028334
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07348
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt058265
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00170
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.01870
IRS990ScheduleA/PublicSupportTotal170Amt0100
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100
IRS990ScheduleA/TotalSupportAmt058365
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarship To High School Seniors; Scholarship; Sayville High School: 20 Brook Street, West Sayvillw, NY, 14796; Students, 12000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Scholarships To High School Seniors; Scholarship; Suffolk Community College: P O Box 1126, Selden, NY, 11784; Student, 2988.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NYS Charities Bureau Tax 50.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Foreign Tax Paid 255.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jerome Cangelosi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05163140013
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mitchell Cangelosi Scholarship Fund
ReturnHeader/Filer/BusinessNameControlTxt0MITC
ReturnHeader/Filer/EIN0262077330
ReturnHeader/Filer/PhoneNum05163140013
ReturnHeader/Filer/USAddress/AddressLine1Txt077 West Lake Drive
ReturnHeader/Filer/USAddress/CityNm0Montauk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011954
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832289919
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Luigi Andreotti CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt090 Forest Ave Suite D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Glen Cove
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011542
ReturnHeader/PreparerPersonGrp/PhoneNum05166365110
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Luigi Andreotti
ReturnHeader/ReturnTs02025-05-13T07:22:37-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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