Civic Intelligence

Mann Diversified Charitable Fund Inc

990 • Fiscal year 2015 • EIN 95-4871035

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 30, 2015

Organization ProfileN/A
355 S Grand Avenue Suite 1710Los Angeles, CA 90071

(818) 833-5309

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

4th percentile

-54%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

26th percentile

-2.0%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-8.3%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Down

$62,787,065

Down $1,286,366 (-2.0%) from 2014

Net Assets

Down

$62,787,065

Down $1,286,366 (-2.0%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin4th percentile

Revenue

Down

$2,893,169

Down $262,197 (-8.3%) from 2014

Expenses

Down

$4,465,426

Down $1,568,623 (-26%) from 2014

Net Income

Up

-$1,572,257

Up $1,306,426 (+45%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$80M$60M$40M$20M$0Assets 2011: $79,712,960Liabilities 2011: $0Net Assets 2011: $79,712,9602011Assets 2012: $68,420,327Liabilities 2012: $0Net Assets 2012: $68,420,3272012Assets 2013: $65,096,477Liabilities 2013: $0Net Assets 2013: $65,096,4772013Assets 2014: $64,073,431Liabilities 2014: $0Net Assets 2014: $64,073,4312014Assets 2015: $62,787,065Liabilities 2015: $0Net Assets 2015: $62,787,0652015Assets 2016: $59,104,883Liabilities 2016: $0Net Assets 2016: $59,104,8832016

Highlighted filing

2015

Assets$62,787,065
Liabilities$0
Net Assets$62,787,065
Open 2015 Filing

Operations Trend

Revenue Growth20th percentile

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

$20M$10M$0-$10M-$20MRevenue 2011: $5,086,243Expenses 2011: $10,289,775Net Income 2011: -$5,203,5322011Revenue 2012: $2,675,477Expenses 2012: $13,633,373Net Income 2012: -$10,957,8962012Revenue 2013: $2,929,988Expenses 2013: $6,248,598Net Income 2013: -$3,318,6102013Revenue 2014: $3,155,366Expenses 2014: $6,034,049Net Income 2014: -$2,878,6832014Revenue 2015: $2,893,169Expenses 2015: $4,465,426Net Income 2015: -$1,572,2572015Revenue 2016: $3,416,346Expenses 2016: $5,039,323Net Income 2016: -$1,622,9772016

Highlighted filing

2015

Revenue$2,893,169
Expenses$4,465,426
Net Income-$1,572,257
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$2,936,653
Mission and Program Overview

Mission

Type i support organization which makes contributions to public charities.

The specific and primary purposes of this corporation are to support corporation are to support and operate for the exclusive benefit of publicly supported organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$64,073,431$62,787,065▼ $1,286,366
Investments in Publicly Traded Securities$3,865,824$4,308,727▲ $442,903
Cash and Non-Interest-Bearing Accounts$1,030,671$1,256,176▲ $225,505
Other Notes and Loans Receivable, Net$320,000$320,000→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$64,073,431$62,787,065▼ $1,286,366
Other Assets Total$58,856,936$56,902,162▼ $1,954,774
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,073,431$62,787,065▼ $1,286,366
Total Liabilities and Net Assets / Fund Balance$64,073,431$62,787,065▼ $1,286,366

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$56,902,162--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Alfred E MannPresident
Aaron MendelsohnDirector
Alfred E MannDirector
Max NikiasSecretary
Aaron MendelsohnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,025,050
Program Service Revenue
$0
Investment Income
$1,958,696
Other Revenue
$-90,577
All Other Contributions
$1,025,050
Change in Net Assets
$-1,572,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,113,835
Other Expenses$1,351,591
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,113,835--$3,113,835
Interest-$1,101,482-$1,101,482
Other Expenses-$161,813-$161,813
Fees for Service Investment Mgmnt Fees-$38,302-$38,302
Fees for Services Accounting-$33,985-$33,985
Fees for Services Legal-$8,104-$8,104
All Other Expenses-$7,371-$7,371
Total Functional Expenses$3,113,835$1,351,591$0$4,465,426
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Society for Technion-israel-501(c)(3)Achieve Charitable Purpose$2,733,835
Los Angeles Opera-501(c)(3)Achieve Charitable Purpose$250,000
Usc - Thornton School of Music-501(c)(3)Achieve Charitable Purpose$100,000
Maestro Foundation-501(c)(3)Achieve Charitable Purpose$25,000
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Governing body and management - related officers/directors/trustees: alfred e. Mann and aaron mendelsohn have a business relationship.”

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

“Policies - process used to review this form 990: the return preparer provides a copy of form 990 to the president's office for review before it is filed. Any issues arising from these reviews are discussed and resolved with the return preparer before filing. Upon approval from the president's office, form 990 is filed.”

Form 990, Part VI, Section C, Line 19

“Disclosure - availability of documents to the public: the organization keeps an original or a copy of its governing documents, conflict of interest policy, and financial statements, as required by the law, in its principal office in the state of california. Copies of these documents are available for inspection to any individual, as required by the law, upon written or in person request at all reasonable times during office hours.”

Filing and Contact Details

Filer

Filer Name
Mann Diversified Charitable Fund Inc
EIN
95-4871035
In Care Of
% DREYER ROBBINS & ASSOCIATES
Phone
8188335309
Address
355 S GRAND AVENUE SUITE 1710, LOS ANGELES, CA 90071

Signing Officer

Name
Anoosheh Bostani
Title
Officer
Phone
2136838790
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Dreyer Robbins & Associates
Address
355 S GRAND AVE STE 1710, LOS ANGELES, CA 90071-1532
Preparer
Michael S Dreyer
Phone
2136838790
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 20

“Detail support schedule for part ix, line 20 - interest expense: interest expense from pass-through partnership, biomed partners, llc, is $1,101,482.”

Form 990, Part XI, Line 9

“Other changes in net assets or fund balances: book to tax differences from k-1 biomed partners llc $285,891”

Raw XML AppendixShowing 400 of 503 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.

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IRS990/PYTotalRevenueAmt03155366
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt062787065
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AL MANN OWNS A DIRECT 0.1% INTEREST IN BIOMED, LLC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, LINE 9C
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc30
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0250000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt125000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt22733835
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt3100000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt45000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LOS ANGELES OPERA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1MAESTRO FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2AMERICAN SOCIETY FOR TECHNION-ISRAEL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3USC - THORNTON SCHOOL OF MUSIC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4MUSIC CENTER PERFORMING ARTS CENTER LOS ANGELES
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03113835
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt056902162
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BIOMED PARTNERS, LLC
IRS990ScheduleD/TotalBookValueOtherAssetsAmt056902162
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IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt22733835
IRS990ScheduleI/RecipientTable/CashGrantAmt3100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ACHIEVE CHARITABLE PURPOSE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ACHIEVE CHARITABLE PURPOSE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ACHIEVE CHARITABLE PURPOSE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ACHIEVE CHARITABLE PURPOSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LOS ANGELES OPERA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MAESTRO FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AMERICAN SOCIETY FOR TECHNION-ISRAEL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3USC - THORNTON SCHOOL OF MUSIC
IRS990ScheduleI/RecipientTable/RecipientEIN0952096402
IRS990ScheduleI/RecipientTable/RecipientEIN1953894013
IRS990ScheduleI/RecipientTable/RecipientEIN2130434195
IRS990ScheduleI/RecipientTable/RecipientEIN3951642394
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS IN REGULAR CONTACT WITH ITS GRANTEES AS REQUIRED OR AS APPROPRIATE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt04
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY AND MANAGEMENT - RELATED OFFICERS/DIRECTORS/TRUSTEES: ALFRED E. MANN AND AARON MENDELSOHN HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICIES - PROCESS USED TO REVIEW THIS FORM 990: THE RETURN PREPARER PROVIDES A COPY OF FORM 990 TO THE PRESIDENT'S OFFICE FOR REVIEW BEFORE IT IS FILED. ANY ISSUES ARISING FROM THESE REVIEWS ARE DISCUSSED AND RESOLVED WITH THE RETURN PREPARER BEFORE FILING. UPON APPROVAL FROM THE PRESIDENT'S OFFICE, FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE - AVAILABILITY OF DOCUMENTS TO THE PUBLIC: THE ORGANIZATION KEEPS AN ORIGINAL OR A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, AS REQUIRED BY THE LAW, IN ITS PRINCIPAL OFFICE IN THE STATE OF CALIFORNIA. COPIES OF THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION TO ANY INDIVIDUAL, AS REQUIRED BY THE LAW, UPON WRITTEN OR IN PERSON REQUEST AT ALL REASONABLE TIMES DURING OFFICE HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DETAIL SUPPORT SCHEDULE FOR PART IX, LINE 20 - INTEREST EXPENSE: INTEREST EXPENSE FROM PASS-THROUGH PARTNERSHIP, BIOMED PARTNERS, LLC, IS $1,101,482.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CHANGES IN NET ASSETS OR FUND BALANCES: BOOK TO TAX DIFFERENCES FROM K-1 BIOMED PARTNERS LLC $285,891
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0954871032
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99800
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0INVESTMENT MG

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,787,065
Liabilities
$0
Net assets
$62,787,065
Revenue
$2,893,169
Expenses
$4,465,426
Net income
-$1,572,257
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$59.1$0.00$59.1$3.42$5.04$1.62
2015Detailed filing. Detailed filing data is available for this year.$62.8$0.00$62.8$2.89$4.47$1.57
2014Detailed filing. Detailed filing data is available for this year.$64.1$0.00$64.1$3.16$6.03$2.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.1$0.00$65.1$2.93$6.25$3.32
2012Summary only. Only limited summary data is available for this year.$68.4$0.00$68.4$2.68$13.6$11.0
2011Summary only. Only limited summary data is available for this year.$79.7$0.00$79.7$5.09$10.3$5.20