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Nonprofiteer
← MICHELLE MCGANN FUND INC

Form 990 for tax year 2024

Filed by MICHELLE MCGANN FUND INC.

Totals

Total revenue
$178,588
Total expenses
$103,622
Contributions and grants received
$0
Grants paid
$93,310
Program service revenue
$95,587
Investment income
$83,001
Other revenue
$0
Total assets, end of year
$1,927,259
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,927,259
Program services expenses (Part IX)
$93,310
Management and general expenses
$10,312
Fundraising expenses
$0
Program service expenses (Part III)
$93,310

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Fundraising

    total $95,587 · related or exempt $95,587

  • 3 · Investment income

    total $83,001 · related or exempt $83,001

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $93,310 · program services $93,310

  • 13 · Office expenses

    total $9,650 · management and general $9,650

  • 24a · Other expenses: Bank Charges

    total $662 · management and general $662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,149 · end of year $58,169

  • 11 · Investments: publicly traded securities

    beginning of year $1,845,144 · end of year $1,869,090

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,852,293 · end of year $1,927,259

Mission and programs · 2024

Mission

Diabetes awareness and to further the fine efforts of organizations like the Diabetes Research Foundation.

  • Grants to exempt charitable organizations

    Expenses $93,310 · Grants $93,310 · Revenue $95,587

As filed on the 2024 return.

Listed in Part VII

  • Patrick J DiSalvo

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Jonathan Satter

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Michelle McGann Satter

    President

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • Various organizations

    no cash amount reported

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202531349349306588

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