Civic Intelligence

The Mighell Fund Inc

990 • Fiscal year 2019 • EIN 36-1868692

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 08, 2019

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

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

25th percentile

-6.1%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

81st percentile

$137,398

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$4,220,032

Down $12,419 (-0.3%) from 2018

Net Assets

Down

$3,984,795

Down $4,046 (-0.1%) from 2018

Liabilities

Down

$235,237

Down $8,373 (-3.4%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin25th percentile

Revenue

Down

$1,577,910

Down $1,060,596 (-40%) from 2018

Expenses

Down

$1,673,675

Down $36,745 (-2.1%) from 2018

Net Income

Down

-$95,765

Down $1,023,851 (-110%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2019

Assets$4,220,032
Liabilities$235,237
Net Assets$3,984,795
Open 2019 Filing

Operations Trend

Revenue Growth7th 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

2019

Revenue$1,577,910
Expenses$1,673,675
Net Income-$95,765
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,970,636
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$2,322,210$2,408,696▲ $86,486
Land, Buildings, and Equipment, Net$1,622,833$1,713,981▲ $91,148
Inventories for Sale or Use$32,779$39,456▲ $6,677
Savings and Temporary Cash Investments$158,614$35,244▼ $123,370
Prepaid Expenses and Deferred Charges$17,066$14,565▼ $2,501
Accounts Receivable$3,090$4,864▲ $1,774
Cash and Non-Interest-Bearing Accounts$75,859$3,226▼ $72,633
Total Assets$4,232,451$4,220,032▼ $12,419
Liabilities
Other Liabilities$135,395$136,090▲ $695
Accounts Payable and Accrued Expenses$108,215$95,160▼ $13,055
Deferred Revenue-$3,987-
Total Liabilities$243,610$235,237▼ $8,373
Net Assets / Fund Balance
Unrestricted Net Assets$3,891,356$3,967,058▲ $75,702
Temporarily Rstr Net Assets$97,485$17,737▼ $79,748
Total Net Assets Fund Balance$3,988,841$3,984,795▼ $4,046
Total Liabilities and Net Assets / Fund Balance$4,232,451$4,220,032▼ $12,419

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,371,765$3,492,571$4,864,336
Equipment$175,822$657,278$833,100
Other Land Buildings$52,794$67,015$119,809
Land$113,600-$113,600
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald MangersExec DirectoFT$110,177$27,221$137,398

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.

Highest Paid Contractors

ContractorServicesLocationCompensation
Vanduzor ConstructionConstruction2212 ROCKWELL, Aurora, IL 60506$205,519
Revenue and Support

Revenue Composition

Contributions and Grants
$32,759
Program Service Revenue
$1,489,164
Investment Income
$55,987
Other Revenue
$0
All Other Contributions
$32,759
Change in Net Assets
$-95,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,556,730
Revenue Not Reported on Financial Statements
$21,180
Revenue Not Reported on Form 990
$91,719
Other Revenue Adjustments
$21,180
Total Revenue per Audited Statements
$1,648,449
Total Revenue per Form 990
$1,577,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$878,260
Other Expenses$795,415
Total Fundraising Expense$3,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$574,189$52,687-$626,876
Depreciation Depletion$233,711$1,387-$235,098
Occupancy$137,911--$137,911
Current Officers, Directors, Trustees, and Key Employees$66,283$66,283$2,599$135,165
All Other Expenses$60,472$2,038-$62,510
Payroll Taxes$48,123$8,018$158$56,299
Other Employee Benefits$43,680$6,478-$50,158
Advertising-$23,546-$23,546
Insurance$19,251$4,127-$23,378
Fees for Service Investment Mgmnt Fees-$21,180-$21,180
Other Expenses$16,256--$16,256
Office Expenses$2,142$12,719$597$15,458
Fees for Services Accounting-$11,500-$11,500
Pension Plan Contributions$7,655$2,107-$9,762
Interest$83--$83
Total Functional Expenses$1,458,251$212,070$3,354$1,673,675

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,673,675
Expenses per Audited Statements$1,652,495
Total Expenses per Audited Statements$1,652,495
Expenses Not Reported on Financial Statements$21,180
Other Expense Adjustments$21,180
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorConstruction SvcsNo$205,519
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$136,090
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
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Mangers
Formed
1964
Voting Board Members
10
Independent Board Members
9
Employees
48

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.”

Form 990, Part XI, Line 9

“Investment return reported 0 net of fees on financial stmt -21,180 investment fees included in net 0 return on financial stmt 21,180”

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 2016, 2017 and 2018 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, 2019 and there were no accruals for interest or penalties at june 30, 2019.”

Schedule D, Page 4, Part XI, Line 4B

“Investment return reported 0 net of fees on financial stmt 21,180”

Schedule D, Page 4, Part XII, Line 4B

“Investment fees included in net 0 return on financial stmt 21,180”

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IRS990/PayrollTaxesGrp/TotalAmt056299
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02107
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01325
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0900
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01516918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01522254
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt024585
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IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/PublicSupportCY509Pct00.97850
IRS990ScheduleA/PublicSupportPY509Pct00.98280
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01700
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01579396
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01660181
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08124129
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0657278
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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 2016, 2017 AND 2018 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, 2019 AND THERE WERE NO ACCRUALS FOR INTEREST OR PENALTIES AT JUNE 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT RETURN REPORTED 0 NET OF FEES ON FINANCIAL STMT 21,180
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT FEES INCLUDED IN NET 0 RETURN ON FINANCIAL STMT 21,180

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,220,032
Liabilities
$235,237
Net assets
$3,984,795
Revenue
$1,577,910
Expenses
$1,673,675
Net income
-$95,765
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