Nonprofit · EIN 20-4154914
MAGYAR BANK CHARITABLE FOUNDATION
Tax-exempt · NEW BRUNSWICK, NJ 08901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $237,610 | $92,883 | $144,727 | $827,538 | $24,715 | $802,823 |
| September 30, 2024 | 990-PF | $32,048 | $98,528 | -$66,480 | $683,755 | $25,659 | $658,096 |
| September 30, 2023 | 990-PF | $26,806 | $86,978 | -$60,172 | $663,669 | $31,598 | $632,071 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $13,345
- Interest
- $168
- Net gain from sales of assets
- -$3,682
- Other income
- $227,779
Expenses
- Grants and similar amounts paid
- $75,750
- Disbursements for charitable purposes
- $75,750
- Excise tax on investment income
- $188
Balance sheet and other
- Total assets, start of year
- $683,755
- Total assets, end of year
- $827,538
- Total liabilities, end of year
- $24,715
- Net assets, end of year
- $802,823
- Qualifying distributions
- $75,750
- Net investment income
- $13,513
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN REISSNER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | PRESIDENT | 0.15 | $0 |
| JON R ANSARI 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | VP & TREASUR | 0.15 | $0 |
| ROBIN E SUYDAM 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CORP. SECRET | 0.15 | $0 |
| JOHN S FITZGERALD 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS I BOAR | 0.15 | $0 |
| DEBORAH S ALEXANDER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BD | 0.15 | $0 |
| THOMAS LANKEY 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BD | 0.15 | $0 |
| SARAH CHAPLIN 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS III BD | 0.15 | $0 |
990-PF for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN REISSNER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | PRESIDENT | 0.15 | $0 |
| JON R ANSARI 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | V.P. & TREASURER | 0.15 | $0 |
| ROBIN E SUYDAM 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CORPORATE SECRETARY & DIRECTOR | 0.15 | $0 |
| JOHN S FITZGERALD 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS I BOARD MEMBER | 0.15 | $0 |
| DEBORAH S ALEXANDER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BOARD MEMBER | 0.15 | $0 |
| THOMAS LANKEY 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BOARD MEMBER | 0.15 | $0 |
| SARAH CHAPLIN 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS III BOARD MEMBER | 0.15 | $0 |
990-PF for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN REISSNER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | PRESIDENT | 0.15 | $0 |
| JON R ANSARI 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | V.P. & TREASURER | 0.15 | $0 |
| ROBIN E SUYDAM 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CORPORATE SECRETARY & DIRECTOR | 0.15 | $0 |
| JOHN S FITZGERALD 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS I BOARD MEMBER | 0.15 | $0 |
| DEBORAH S ALEXANDER 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BOARD MEMBER | 0.15 | $0 |
| THOMAS LANKEY 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS II BOARD MEMBER | 0.15 | $0 |
| SARAH CHAPLIN 400 SOMERSET STREET, NEW BRUNSWICK, NJ 08901 | CLASS III BOARD MEMBER | 0.15 | $0 |
Address and contacts
- Address (IRS master file)
- 400 SOMERSET ST, NEW BRUNSWICK, NJ 08901-3265
- In care of
- % JAY CASTILLO
- Signed the 990-PF
- JOHN REISSNER, PRESIDENT
- Phone
- (732) 342-7600
- Return prepared by
- DAVID M MULDOWNEYJR CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 20-4154914
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $827,538
- Income (IRS master file)
- $241,292
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $237,610 | $92,883 | $827,538 | IRS |
| 990-PF | September 2024 | $32,048 | $98,528 | $683,755 | XML |
| 990-PF | September 2023 | $26,806 | $86,978 | $663,669 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 2019 | – | – | – | IRS |
| 990-PF | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4154914).
Questions about MAGYAR BANK CHARITABLE FOUNDATION
- What is the EIN of MAGYAR BANK CHARITABLE FOUNDATION?
- The employer identification number (EIN) of MAGYAR BANK CHARITABLE FOUNDATION is 20-4154914.
- Is MAGYAR BANK CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MAGYAR BANK CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGYAR BANK CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGYAR BANK CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGYAR BANK CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of MAGYAR BANK CHARITABLE FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAGYAR BANK CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $237,610, expenses of $92,883 and total assets of $827,538 at year end.
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