The Mighell Fund INC

Tax-deductible

Aurora, IL501(c)(3)EIN 36-1868692

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.

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$278K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
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%
Revenue by fiscal year
FY2021$1.9M
FY2022$1.8M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M
Expenses
$2.2M
FY2025▲ +4%
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%
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

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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.

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 · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
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 →

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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.

Provided by the organization

This section is blank until The Mighell Fund INC claims this page.

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

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

$1.8Mprogram expense

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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
Investment incomeLn 3$140K
Other incomeLn 4–11$80K
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$140K
Other incomeLn 4–11$80K
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
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$1.9M
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 current officers, directors and key staffLn 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 Viewing $1.9M$2.2M−$256K$3.4M 990 PDF
FY2024 $1.9M$2.1M−$235K$3.7M 990 PDF
FY2023 $1.8M$2.1M−$290K$3.7M 990 PDF
FY2022 $1.8M$1.9M−$106K$3.8M 990 PDF
FY2021 $1.9M$1.9M$64K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
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 current officers, directors and key staffPrograms $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 (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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