Civic Intelligence

Mango Fund Inc.

990 • Fiscal year 2021 • EIN 90-0713427

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

27 Nye RoadFalmouth, MA 02540

(617) 797-1601

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.63x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,679,152

Down $20,283 (-0.8%) from 2020

Net Assets

Down

$2,649,283

Down $5,483 (-0.2%) from 2020

Liabilities

Down

$29,869

Down $14,800 (-33%) from 2020

Revenue

Down

$47,741

Down $518,809 (-92%) from 2020

Expenses

Down

$53,224

Down $9,781 (-16%) from 2020

Net Income

Down

-$5,483

Down $509,028 (-101%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $188,630Liabilities 2011: $17,120Net Assets 2011: $171,5102011Assets 2012: $271,600Liabilities 2012: $17,293Net Assets 2012: $254,3072012Assets 2013: $397,932Liabilities 2013: $8,760Net Assets 2013: $389,1722013Assets 2014: $469,212Liabilities 2014: $4,163Net Assets 2014: $465,0492014Assets 2015: $1,356,092Liabilities 2015: $8,211Net Assets 2015: $1,347,8812015Assets 2016: $1,499,935Liabilities 2016: $1,525Net Assets 2016: $1,498,4102016Assets 2017: $1,941,850Liabilities 2017: $0Net Assets 2017: $1,941,8502017Assets 2018: $2,151,048Liabilities 2018: $8,165Net Assets 2018: $2,142,8832018Assets 2019: $2,223,764Liabilities 2019: $72,543Net Assets 2019: $2,151,2212019Assets 2020: $2,699,435Liabilities 2020: $44,669Net Assets 2020: $2,654,7662020Assets 2021: $2,679,152Liabilities 2021: $29,869Net Assets 2021: $2,649,2832021Assets 2022: $3,060,694Liabilities 2022: $37,687Net Assets 2022: $3,023,0072022Assets 2023: $2,593,970Liabilities 2023: $64,560Net Assets 2023: $2,529,4102023Assets 2024: $3,040,520Liabilities 2024: $303,216Net Assets 2024: $2,737,3042024

Highlighted filing

2021

Assets$2,679,152
Liabilities$29,869
Net Assets$2,649,283

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $200,947Expenses 2011: $29,437Net Income 2011: $171,5102011Revenue 2012: $201,165Expenses 2012: $118,368Net Income 2012: $82,7972012Revenue 2013: $296,077Expenses 2013: $167,848Net Income 2013: $128,2292013Revenue 2014: $442,747Expenses 2014: $366,870Net Income 2014: $75,8772014Revenue 2015: $821,150Expenses 2015: $133,383Net Income 2015: $687,7672015Revenue 2016: $201,942Expenses 2016: $51,413Net Income 2016: $150,5292016Revenue 2017: $552,970Expenses 2017: $55,912Net Income 2017: $497,0582017Revenue 2018: $300,070Expenses 2018: $70,872Net Income 2018: $229,1982018Revenue 2019: $125,075Expenses 2019: $98,519Net Income 2019: $26,5562019Revenue 2020: $566,550Expenses 2020: $63,005Net Income 2020: $503,5452020Revenue 2021: $47,741Expenses 2021: $53,224Net Income 2021: -$5,4832021Revenue 2022: $443,090Expenses 2022: $69,366Net Income 2022: $373,7242022Revenue 2023: $943,773Expenses 2023: $490,112Net Income 2023: $453,6612023Revenue 2024: $954,383Expenses 2024: $832,173Net Income 2024: $122,2102024

Highlighted filing

2021

Revenue$47,741
Expenses$53,224
Net Income-$5,483
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$47,741
Mission and Program Overview

Mission

Support entrepreneurship and business management training for people in uganda and other countries, including education for emerging entrepreneurs and the indiginous people; provide incubation services for educational purposes, and to provide financial capital for development where there is little economic development. Approximately $365,000 disbursed to ugandan subsidiary during 2016.

Provide entrepreneurship and business management training for people in uganda and other countries, including education for emerging entrepreneurs and the indigenous people, provide business incubation services for educational purposes, and to provide financial capital for development where there is little economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,291,832$2,546,832▲ $255,000
Cash and Non-Interest-Bearing Accounts$182,603$82,320▼ $100,283
Pledges and Grants Receivable$225,000$50,000▼ $175,000
Total Assets$2,699,435$2,679,152▼ $20,283
Liabilities
Accounts Payable and Accrued Expenses$44,669$29,869▼ $14,800
Total Liabilities$44,669$29,869▼ $14,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,600,968$2,649,283▲ $48,315
Net Assets With Donor Restrictions$53,798$0▼ $53,798
Total Net Assets Fund Balance$2,654,766$2,649,283▼ $5,483
Total Liabilities and Net Assets / Fund Balance$2,699,435$2,679,152▼ $20,283
Compensation and Service Providers

Board Members and Trustees

NameTitle
George VethPresident
Andy MillsDirector
Theodore PantoneDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$20,567
Program Service Revenue
$27,082
Investment Income
$92
Other Revenue
$0
All Other Contributions
$20,567
Change in Net Assets
$-5,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,224
Total Fundraising Expense$6,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$21,675$4,644$4,644$30,963
Fees for Services Accounting$2,163$17,305$2,163$21,631
Other Expenses-$223-$223
Total Functional Expenses$23,838$22,579$6,807$53,224
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram ServicesAssistance to Farmers in Tanzania---
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
-GEORGE VETH IS THE PRESIDENT OF THE ORG. AND OWNS 74.07% OF ADAPTABLE, LLCInterim Management ServicesNo$29,869
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The president reviews the form 990 after it is prepared by independent cpa.

Form 990, Part VI, Section C, Line 18

AVAILABLE UPON REQUEST.

Form 990, Part VI, Section C, Line 19

Available documents will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Mango Fund Inc
EIN
90-0713427
Phone
6177971601
Address
27 NYE ROAD, FALMOUTH, MA 02540

Signing Officer

Name
George a Veth
Title
President
Phone
6177971601
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George a Veth
Formed
2011
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Nathan Wechsler & Company Pa
Address
70 COMMERCIAL STREET 4TH FLOOR, CONCORD, NH 03301
Preparer
Oreste J Mosca CPA
Phone
6032245357
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes from prior years

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provisions of fasb asc 740, accounting for uncertainty in income taxes. Accordingly, management has evaluated its tax positions and concluded the organization and the company have taken no uncertain tax positions that require adjustment or disclosure in the financial statements. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal or state tax authorities for years before 2019.

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THE ORGANIZATION AND THE COMPANY HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS THE FORM 990 AFTER IT IS PREPARED BY INDEPENDENT CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE DOCUMENTS WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES FROM PRIOR YEARS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0MANGO FUND INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0000000000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0FILS COURTS PLOT 88 LITHULI AVENU
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0UG
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ProvinceOrStateNm0KAMPALA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0UG
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SMALL BUSINESS INCUBATION SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MANGO FUND LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt01723099
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt03031
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0255000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MANGO FUND LIMITED
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02699435
IRS990/TotalAssetsEOYAmt02679152
IRS990/TotalAssetsGrp/BOYAmt02699435
IRS990/TotalAssetsGrp/EOYAmt02679152
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020567
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06807
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022579
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023838
IRS990/TotalFunctionalExpensesGrp/TotalAmt053224
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044669
IRS990/TotalLiabilitiesEOYAmt029869
IRS990/TotalLiabilitiesGrp/BOYAmt044669
IRS990/TotalLiabilitiesGrp/EOYAmt029869
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02654766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02649283
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt023838
IRS990/TotalProgramServiceRevenueAmt027082
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt092
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047741
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02699435
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02679152
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd01
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027 NYE ROAD
IRS990/USAddress/CityNm0FALMOUTH
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002540
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MANGOFUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE A VETH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06177971601
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MANGO FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MANG
ReturnHeader/Filer/EIN0900713427
ReturnHeader/Filer/PhoneNum06177971601
ReturnHeader/Filer/USAddress/AddressLine1Txt027 NYE ROAD
ReturnHeader/Filer/USAddress/CityNm0FALMOUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002540
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020327524
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NATHAN WECHSLER & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 COMMERCIAL STREET 4TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003301
ReturnHeader/PreparerPersonGrp/PhoneNum06032245357
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ORESTE J MOSCA CPA
ReturnHeader/ReturnTs02022-11-09T10:17:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GEORGE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VETH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.30$2.74$0.95$0.83$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.06$2.53$0.94$0.49$0.45
2022Detailed filing. Detailed filing data is available for this year.$3.06$0.04$3.02$0.44$0.07$0.37
2021Detailed filing. Detailed filing data is available for this year.$2.68$0.03$2.65$0.05$0.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.70$0.04$2.65$0.57$0.06$0.50
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.07$2.15$0.13$0.10$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.15$0.01$2.14$0.30$0.07$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$0.55$0.06$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.20$0.05$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$0.82$0.13$0.69
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.44$0.37$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.30$0.17$0.13
2012Summary only. Only limited summary data is available for this year.$0.27$0.02$0.25$0.20$0.12$0.08
2011Summary only. Only limited summary data is available for this year.$0.19$0.02$0.17$0.20$0.03$0.17