The Mighell Fund INC FY2023 filing

Tax-deductible

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

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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.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$102K 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

FY2023 · Form 990-TIndependent: 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-T
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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
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: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$260K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-0.6% vs prior year
Spent
$2.1M
To programs
84%
Net assets
$3.7M
By yearFY2021–FY2025
Revenue
$1.8M
FY2023▼ -0.6%
Revenue by fiscal year
FY2021$1.9M
FY2022$1.8M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M
Expenses
$2.1M
FY2023▲ +9%
Expenses by fiscal year
FY2021$1.9M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
FY2025$2.2M
Net assets
$3.7M
FY2023▼ -3%
Net assets by fiscal year
FY2021$4.3M
FY2022$3.8M
FY2023$3.7M
FY2024$3.7M
FY2025$3.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

84 cents of each dollar spent went to programs.

Program services 84% · $1.7M Management & general 16% · $320K Fundraising 0% · $2K

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

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Who runs it and what they're paid

9 people listed on the 990-T; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$101,606Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Pres.
$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.

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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

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1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2022.
01

The mighell fund inc provides housing and related services for retired individuals. There are approximately 64 apartments available.

$1.7Mprogram expense

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By the numbers

The FY2023 990-T, line by line.

1The main four
Money in
$1.8M
Fees for services$1.7M
Investment income$53K
Gifts and grants$33K
Money out
$2.1M
Programs$1.7M
Management$320K
Fundraising$2K
Owns and owes
$3.7M
net assets
Cash and savings$18K
Total assets$4.0M
Liabilities$260K
People
9
listed
Paid1
Voting board8
Independent8
2In more detail
Revenue in detail
Gifts and grants$33K
Fees for services$1.7M
Investment income$53K
Total revenue$1.8M
Assets in detailEnd of year
Cash and savings together$18K
Total assets$4.0M
Liabilities$260K
Net assets$3.7M
Operations
Employees47
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$2.2M−$256K$3.4M 990 PDF
FY2024 $1.9M$2.1M−$235K$3.7M 990 PDF
FY2023 Viewing $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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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