Civic Intelligence

The Mighell Fund Inc

990 • Fiscal year 2018 • EIN 36-1868692

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

Organization ProfileWWW.PLUMLANDING.ORG

View Organization Page

495 North Lake StreetAurora, IL 60506-4156

(630) 896-5031

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$126,264

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

87th percentile

32%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

51%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$4,232,451

Up $1,016,161 (+32%) from 2017

Net Assets

Up

$3,988,841

Up $1,002,612 (+34%) from 2017

Liabilities

Up

$243,610

Up $13,549 (+5.9%) from 2017

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin86th percentile

Revenue

Up

$2,638,506

Up $886,763 (+51%) from 2017

Expenses

Up

$1,710,420

Up $10,836 (+0.6%) from 2017

Net Income

Up

$928,086

Up $875,927 (+1679%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2017: $3,216,290Liabilities 2017: $230,061Net Assets 2017: $2,986,2292017Assets 2018: $4,232,451Liabilities 2018: $243,610Net Assets 2018: $3,988,8412018Assets 2019: $4,220,032Liabilities 2019: $235,237Net Assets 2019: $3,984,7952019Assets 2020: $4,255,574Liabilities 2020: $430,160Net Assets 2020: $3,825,4142020Assets 2021: $4,619,596Liabilities 2021: $293,305Net Assets 2021: $4,326,2912021Assets 2022: $4,077,697Liabilities 2022: $234,834Net Assets 2022: $3,842,8632022Assets 2023: $3,982,315Liabilities 2023: $260,074Net Assets 2023: $3,722,2412023Assets 2024: $3,976,280Liabilities 2024: $312,338Net Assets 2024: $3,663,9422024Assets 2025: $3,727,109Liabilities 2025: $277,894Net Assets 2025: $3,449,2152025

Highlighted filing

2018

Assets$4,232,451
Liabilities$243,610
Net Assets$3,988,841
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,751,743Expenses 2017: $1,699,584Net Income 2017: $52,1592017Revenue 2018: $2,638,506Expenses 2018: $1,710,420Net Income 2018: $928,0862018Revenue 2019: $1,577,910Expenses 2019: $1,673,675Net Income 2019: -$95,7652019Revenue 2020: $1,554,178Expenses 2020: $1,769,633Net Income 2020: -$215,4552020Revenue 2021: $1,915,606Expenses 2021: $1,851,725Net Income 2021: $63,8812021Revenue 2022: $1,773,902Expenses 2022: $1,880,018Net Income 2022: -$106,1162022Revenue 2023: $1,762,422Expenses 2023: $2,052,605Net Income 2023: -$290,1832023Revenue 2024: $1,859,107Expenses 2024: $2,093,862Net Income 2024: -$234,7552024Revenue 2025: $1,912,750Expenses 2025: $2,168,303Net Income 2025: -$255,5532025

Highlighted filing

2018

Revenue$2,638,506
Expenses$1,710,420
Net Income$928,086
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$2,744,997
Mission and Program Overview

Mission

The mighell fund's purpose is to provide a secure environment for active, mature adults who want to live independently, where individualism is encouraged and respected.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,162,766$2,322,210▲ $1,159,444
Land, Buildings, and Equipment, Net$1,752,716$1,622,833▼ $129,883
Savings and Temporary Cash Investments$179,851$158,614▼ $21,237
Cash and Non-Interest-Bearing Accounts$75,905$75,859▼ $46
Inventories for Sale or Use$28,873$32,779▲ $3,906
Prepaid Expenses and Deferred Charges$11,714$17,066▲ $5,352
Accounts Receivable$4,465$3,090▼ $1,375
Total Assets$3,216,290$4,232,451▲ $1,016,161
Liabilities
Other Liabilities$138,915$135,395▼ $3,520
Accounts Payable and Accrued Expenses$91,146$108,215▲ $17,069
Total Liabilities$230,061$243,610▲ $13,549
Net Assets / Fund Balance
Unrestricted Net Assets$2,894,729$3,891,356▲ $996,627
Temporarily Rstr Net Assets$91,500$97,485▲ $5,985
Total Net Assets Fund Balance$2,986,229$3,988,841▲ $1,002,612
Total Liabilities and Net Assets / Fund Balance$3,216,290$4,232,451▲ $1,016,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,297,633$3,291,192$4,588,825
Equipment$196,655$629,537$826,192
Land$113,600-$113,600
Other Land Buildings$14,945$61,037$75,982
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald MangersExec DirectoFT$105,621$20,643$126,264

Board Members and Trustees

NameTitle
John CordoganPresident
Brian KonenDirector
Janet MomperDirector
Kathi LimogesDirector
Matthew DarlingDirector
Scott VanduzorDirector
Terry FoxDirector
Stewart BeachSecretary
Mark TruemperTreasurer
Linda PilmerVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$966,549
Program Service Revenue
$1,620,438
Investment Income
$51,519
Other Revenue
$0
All Other Contributions
$966,549
Change in Net Assets
$928,086

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,638,506
Revenue Not Reported on Form 990
$74,526
Total Revenue per Audited Statements
$2,713,032
Total Revenue per Form 990
$2,638,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$871,357
Other Expenses$839,063
Total Fundraising Expense$3,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,489$50,122-$605,611
Depreciation Depletion$247,636$1,662-$249,298
Current Officers, Directors, Trustees, and Key Employees$70,648$70,648$2,770$144,066
Occupancy$134,883--$134,883
All Other Expenses$58,187$5,041-$63,228
Other Employee Benefits$50,727$6,710-$57,437
Payroll Taxes$48,922$6,161$168$55,251
Advertising-$26,440-$26,440
Insurance$18,373$4,061-$22,434
Other Expenses$21,407--$21,407
Office Expenses$2,160$15,372$573$18,105
Fees for Service Investment Mgmnt Fees-$16,529-$16,529
Fees for Services Accounting-$11,300-$11,300
Pension Plan Contributions$6,987$2,005-$8,992
Interest$46--$46
Total Functional Expenses$1,490,858$216,051$3,511$1,710,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,710,420
Total Expenses per Audited Statements$1,710,420
Total Expenses per Form 990$1,710,420
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$135,395
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is emailed to each board member for review. At a subsequent board meeting, the board discusses and approves the return. Upon approval of the board, the form 990 is signed and filed.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is distributed and a statement including disclosures of conflicts is completed and signed by board members on an annual basis. Should the board determine a conflict of interest may exist, the interested person would be asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's compensation is determined by the board of directors or compensation committee.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and the organization's financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Mighell Fund Inc
EIN
36-1868692
Phone
6308965031
Address
495 NORTH LAKE STREET, AURORA, IL 60506-4156

Signing Officer

Name
Donald Mangers
Title
Exec Director
Phone
6308965031
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Mangers
Formed
1964
Voting Board Members
10
Independent Board Members
10
Employees
55

Preparer

Firm
WEBER & ASSOCIATES CPA'S
Address
314 N LAKE ST STE 1B, AURORA, IL 60506-4086
Preparer
Thomas a Weber
Phone
6308974500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mighell fund's purpose is to provide a secure environment for active, mature adults who want to live independently, where individualism is encouraged and respected.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted guidance issued by the financial accounting standards board (fasb) relating to uncertain tax positions. The organization's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively. The tax years 2015, 2016 and 2017 for income tax returns filed in the u.s. Federal jurisdiction and the state of illinois (the organization's major tax jurisdictions) remain open and subject to examination. The organization has analyzed tax positions taken and believes that income tax filing positions would be sustained upon examination and does not anticipate any adjustments that would have a material adverse effect on the organization's financial condition, results of operations or cash flows. There were no interest or penalties recognized for uncertain tax positions during the year ended june 30, 2018 and there were no accruals for interest or penalties at june 30, 2018.”

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IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt226922
IRS990/OtherExpensesGrp/TotalAmt321407
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050122
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06161
IRS990/PayrollTaxesGrp/ProgramServicesAmt048922
IRS990/PayrollTaxesGrp/TotalAmt055251
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02005
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06987
IRS990/PensionPlanContributionsGrp/TotalAmt08992
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011714
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017066
IRS990/PrincipalOfficerNm0DONALD MANGERS
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IRS990/ProgramServiceRevenueGrp/Desc0RENTALS
IRS990/ProgramServiceRevenueGrp/Desc1DINING
IRS990/ProgramServiceRevenueGrp/Desc2EMPLOYEE MEALS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01325939
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1289485
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IRS990/PYSalariesCompEmpBnftPaidAmt0849277
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IRS990/PYTotalRevenueAmt01751743
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0928086
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01620438
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0179851
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0158614
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01325
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0950
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05575
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BEQUEST 951,376
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010163
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0107463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013736
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0184990
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt038936
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt023405
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt025333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt024761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021465
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0133900
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01615865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01585750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01516918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01522254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01510670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07751457
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt04573
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt04831
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt05150
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt05703
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt05104
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt025361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt038936
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt023405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt025333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt024761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021465
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0133900
IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98280
IRS990ScheduleA/PublicSupportPY509Pct00.98400
IRS990ScheduleA/PublicSupportTotal509Amt07956233
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01325
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0950
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05575
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01635611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01600744
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01560523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01635420
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01529510
IRS990ScheduleA/Total509Grp/TotalAmt07961808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01674547
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01624149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01585856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01660181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01550975
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08095708
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01297633
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03291192
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04588825
IRS990ScheduleD/EquipmentGrp/BookValueAmt0196655
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0629537
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IRS990ScheduleD/ExpensesSubtotalAmt01710420
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0113600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0113600
IRS990ScheduleD/NetUnrealizedGainsInvstAmt074526
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014945
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061037
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt075982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt074526
IRS990ScheduleD/RevenueSubtotalAmt02638506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) RELATING TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. THE TAX YEARS 2015, 2016 AND 2017 FOR INCOME TAX RETURNS FILED IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS (THE ORGANIZATION'S MAJOR TAX JURISDICTIONS) REMAIN OPEN AND SUBJECT TO EXAMINATION. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN AND BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED FOR UNCERTAIN TAX POSITIONS DURING THE YEAR ENDED JUNE 30, 2018 AND THERE WERE NO ACCRUALS FOR INTEREST OR PENALTIES AT JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MIGHELL FUND'S PURPOSE IS TO PROVIDE A SECURE ENVIRONMENT FOR ACTIVE, MATURE ADULTS WHO WANT TO LIVE INDEPENDENTLY, WHERE INDIVIDUALISM IS ENCOURAGED AND RESPECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS EMAILED TO EACH BOARD MEMBER FOR REVIEW. AT A SUBSEQUENT BOARD MEETING, THE BOARD DISCUSSES AND APPROVES THE RETURN. UPON APPROVAL OF THE BOARD, THE FORM 990 IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND A STATEMENT INCLUDING DISCLOSURES OF CONFLICTS IS COMPLETED AND SIGNED BY BOARD MEMBERS ON AN ANNUAL BASIS. SHOULD THE BOARD DETERMINE A CONFLICT OF INTEREST MAY EXIST, THE INTERESTED PERSON WOULD BE ASKED TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,232,451
Liabilities
$243,610
Net assets
$3,988,841
Revenue
$2,638,506
Expenses
$1,710,420
Net income
$928,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.73$0.28$3.45$1.91$2.17$0.26
2024Detailed filing. Detailed filing data is available for this year.$3.98$0.31$3.66$1.86$2.09$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.98$0.26$3.72$1.76$2.05$0.29
2022Detailed filing. Detailed filing data is available for this year.$4.08$0.23$3.84$1.77$1.88$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.62$0.29$4.33$1.92$1.85$0.06
2020Detailed filing. Detailed filing data is available for this year.$4.26$0.43$3.83$1.55$1.77$0.22
2019Detailed filing. Detailed filing data is available for this year.$4.22$0.24$3.98$1.58$1.67$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.23$0.24$3.99$2.64$1.71$0.93
2017Detailed filing. Detailed filing data is available for this year.$3.22$0.23$2.99$1.75$1.70$0.05