The Mighell Fund INC

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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 I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1868692) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $165K a year · 9% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
0.4 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$278K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.9M
+3% vs prior year
Spent
$2.2M
To programs
83%
Net assets
$3.4M
By yearFY2021–FY2025
Revenue
$1.9M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.9M
FY2022$1.8M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M
Expenses
$2.2M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
FY2025$2.2M
Net assets
$3.4M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.3M
FY2022$3.8M
FY2023$3.7M
FY2024$3.7M
FY2025$3.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.8M Management & general 17% · $362K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $104K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$104,191Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Donald Mangers———$99,560$119,862
Alex Haughee$104,191$99,310$101,606$21,922—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Mighell Fund INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports mature adults living independently in a secure, respectful environment.

Questions for The Mighell Fund INC

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1 program · $1.8M · in their own filed words · FY2024
01

The mighell fund inc provides housing and related services for retired individuals. There are approximately 63 apartments available.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1868692) · Dispute this line
$1.8Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$174K
Investment incomeLn 3$47K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$362K
Fundraisingcol D$3K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$3.7M
LiabilitiesLn 26$278K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$47K
Other incomeLn 4–11$174K
Gains on assetsLn 7$93K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$78K
Accounts receivableLn 4$6K
Inventories for sale or useLn 8$34K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$1.9M
InvestmentsLn 11–13$1.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$278K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 547
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$189K$78K
InvestmentsLn 11–13$1.9M$1.7M
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$4.0M$3.7M
LiabilitiesLn 26$312K$278K
Net assetsLn 32$3.7M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$107K$53K$53K$2K
Other salaries and wagesLn 7$903K$735K$168K
Pension plan contributionsLn 8$17K$17K
Other employee benefitsLn 9$108K$86K$22K
Payroll taxesLn 10$78K$62K$16K$153
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$18K$18K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$18K$2K$16K$343
OccupancyLn 16$165K$165K
InterestLn 20$31$31
Depreciation, depletion and amortizationLn 22$265K$252K$13K
InsuranceLn 23$22K$20K$2K
Other expenses (24a–d)Ln 24$353K$353K
All other expensesLn 24e$71K$60K$12K
Total functional expensesLn 25$2.2M$1.8M$362K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 4, 2026 $1.9M$2.2M−$256K$3.4M 990 PDF
FY2024Filed with the IRS Feb 6, 2025 $1.9M$2.1M−$235K$3.7M 990 PDF
FY2023 $1.8M$2.1M−$290K$3.7M 990 PDF
FY2022Filed with the IRS Jan 30, 2023 $1.8M$1.9M−$106K$3.8M 990 PDF
FY2021Filed with the IRS Nov 5, 2021 $1.9M$1.9M$64K$4.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,912,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,884$24,293
I-9 Program service revenuePrior year $1,720,829$1,667,561
I-10 Investment incomePrior year $98,394$140,412
I-11 Other revenue$80,484
I-12 Total revenuePrior year $1,859,107$1,912,750
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,149,363$1,213,460
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $944,499$954,843
I-18 Total expensesPrior year $2,093,862$2,168,303
I-19 Revenue less expensesPrior year −$234,755−$255,553
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,912,750 across 7 lines filed
VIII-1f All other contributions, gifts and grants$24,293
VIII-1h Total contributions, gifts and grants$24,293
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,656,608 · Excluded from tax $10,953$1,667,561
VIII-3 Investment incomeExcluded from tax $47,130$47,130
VIII-7 Net gain or loss on sales of assetsRelated to mission $91,180 · Excluded from tax $2,102$93,282
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $80,484$80,484
VIII-12 Total revenueRelated to mission $1,828,272 · Excluded from tax $60,185$1,912,750
Part IX · Statement of functional expenses $2,168,303 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $52,646 · Management $52,646 · Fundraising $2,065$107,357
IX-7 Other salaries and wagesPrograms $734,836 · Management $167,739$902,575
IX-8 Pension plan contributionsPrograms $17,053$17,053
IX-9 Other employee benefitsPrograms $86,307 · Management $22,005$108,312
IX-10 Payroll taxesPrograms $62,022 · Management $15,988 · Fundraising $153$78,163
IX-11c Accounting feesManagement $20,675$20,675
IX-11f Investment management feesManagement $18,026$18,026
IX-12 Advertising and promotionManagement $22,892$22,892
IX-13 Office expensesPrograms $1,821 · Management $15,597 · Fundraising $343$17,761
IX-16 OccupancyPrograms $164,671$164,671
IX-20 InterestPrograms $31$31
IX-22 Depreciation, depletion and amortizationPrograms $251,711 · Management $13,248$264,959
IX-23 InsurancePrograms $20,411 · Management $1,536$21,947
IX-24 Other expenses (24a–d)Programs $352,677$352,677
IX-24e All other expensesPrograms $59,618 · Management $11,586$71,204
IX-25 Total functional expensesPrograms $1,803,804 · Management $361,938 · Fundraising $2,561$2,168,303
Part X · Balance sheet $3,727,109 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $23,821$29,476
X-2 Savings and temporary cash investmentsStart of year $164,850$48,196
X-4 Accounts receivableStart of year $5,324$5,756
X-8 Inventories for sale or useStart of year $43,084$33,830
X-9 Prepaid expenses and deferred chargesStart of year $3,433$2,162
X-10c Land, buildings and equipment, netStart of year $1,881,493$1,858,745
X-11 Publicly traded securitiesStart of year $1,854,275$1,748,944
X-16 Total assetsStart of year $3,976,280$3,727,109
X-17 Accounts payable and accrued expensesStart of year $167,736$121,556
X-19 Deferred revenueStart of year $3,617$8,005
X-25 Other liabilitiesStart of year $140,985$148,333
X-26 Total liabilitiesStart of year $312,338$277,894
X-27 Net assets without donor restrictionsStart of year $3,631,835$3,413,131
X-28 Net assets with donor restrictionsStart of year $32,107$36,084
X-32 Total net assets or fund balancesStart of year $3,663,942$3,449,215
X-33 Total liabilities and net assetsStart of year $3,976,280$3,727,109
Part XI · Reconciliation of net assets $3,449,215 net assets at year end
XI-1 Total revenue$1,912,750
XI-2 Total expenses$2,168,303
XI-3 Revenue less expenses−$255,553
XI-4 Net assets at start of year$3,663,942
XI-5 Net unrealized gains (losses) on investments$40,826
XI-10 Net assets at end of year$3,449,215

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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