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  5. MGM ELECTRIC, INC.

MGM ELECTRIC, INC. - Florida Company Profile

Company Details

Entity Name: MGM ELECTRIC, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

MGM ELECTRIC, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.
Status: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 27 Jan 1981 (44 years ago)
Date of dissolution: 01 Nov 1985 (39 years ago)
Last Event: INVOLUNTARILY DISSOLVED
Event Date Filed: 01 Nov 1985 (39 years ago)
Document Number: F16280
FEI/EIN Number 000000000

Federal Employer Identification (FEI) Number assigned by the IRS.
Address: C/O FRANK J SCHAFER, 3RD AVE & BELMONT ST, LA BELLE, FL, 33935
Mail Address: C/O FRANK J SCHAFER, 3RD AVE & BELMONT ST, LA BELLE, FL, 33935
ZIP code: 33935
County: Hendry
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
MGM ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2023 592887004 2024-04-17 MGM ELECTRIC INC 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD., TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2024-04-17
Name of individual signing MARK G MARCHESE
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2022 592887004 2023-05-04 MGM ELECTRIC INC 45
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD., TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2023-05-04
Name of individual signing MARK G MARCHESE
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2021 592887004 2022-04-07 MGM ELECTRIC INC 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD., TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2022-04-07
Name of individual signing SHELLEY AYALA
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2020 592887004 2021-06-25 MGM ELECTRIC INC 41
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD., TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2021-06-25
Name of individual signing MARK G MARCHESE
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2019 592887004 2020-09-24 MGM ELECTRIC, INC. 42
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2020-09-24
Name of individual signing ADAM WARREN
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2019 592887004 2020-09-24 MGM ELECTRIC, INC. 42
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2020-09-24
Name of individual signing ADAM WARREN
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2018 592887004 2019-06-04 MGM ELECTRIC, INC. 40
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2019-06-04
Name of individual signing SHELLEY AYALA
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2017 592887004 2018-06-12 MGM ELECTRIC, INC. 46
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2018-06-12
Name of individual signing SHELLEY AYALA
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2016 592887004 2017-05-31 MGM ELECTRIC, INC. 41
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2017-05-31
Name of individual signing SHELLEY AYALA
Valid signature Filed with authorized/valid electronic signature
MGM ELECTRIC INC 401(K) SAFE HARBOR PLAN 2015 592887004 2016-06-24 MGM ELECTRIC, INC. 25
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2007-01-01
Business code 238210
Sponsor’s telephone number 8139604876
Plan sponsor’s address 13805 GOOD LIFE RD, TAMPA, FL, 33618

Signature of
Role Plan administrator
Date 2016-06-24
Name of individual signing SHELLEY AYALA
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
SCHAFER, FRANK J Director 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J President 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Vice President 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Secretary 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Treasurer 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Agent 3RD AVE & BELMONT ST, LA BELLE, FL

Events

Event Type Filed Date Value Description
INVOLUNTARILY DISSOLVED 1985-11-01 - -

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6687967101 2020-04-14 0455 PPP 13410 Edith St., TAMPA, FL, 33612
Loan Status Date 2020-11-14
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 321930
Loan Approval Amount (current) 378380
Undisbursed Amount 0
Franchise Name -
Lender Location ID 99098
Servicing Lender Name DFCU Financial
Servicing Lender Address 400 Town Center Dr, DEARBORN, MI, 48126-2753
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address TAMPA, HILLSBOROUGH, FL, 33612-1800
Project Congressional District FL-15
Number of Employees 39
NAICS code 238210
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 123511
Originating Lender Name First Citrus Bank
Originating Lender Address TAMPA, FL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 380401.48
Forgiveness Paid Date 2020-11-03

Companies related by officers

No other companies in our directory share the same officers as MGM ELECTRIC, INC.

Companies related by address

No other companies in our directory share the same address as MGM ELECTRIC, INC.

Date of last update: 01 Mar 2025

Sources: Florida Department of State

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