Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 27-2942525

MAGNIFICAT FOUNDATION INC

Tax-exempt · YONKERS, NY 10701

Financials

$30K$42K2023$652K$49K2024
Revenue Expenses · by fiscal year end
Financials of MAGNIFICAT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$651,610$49,115$602,495$814,263$15,314$798,949
December 31, 2023990$29,845$42,058-$12,213$201,505$5,051$196,454
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$648,148
Program service revenue
$0
Investment income
$3,462
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$9,702
Accounting fees
$3,675
Program services (functional)
$28,127
Management and general (functional)
$20,988

Balance sheet and other

Total assets, start of year
$201,505
Total assets, end of year
$814,263
Total liabilities, end of year
$15,314
Net assets, end of year
$798,949
Net assets without donor restrictions
$798,949
Gross receipts
$651,610
Employees
0
Volunteers
12
Year formed
2010
State of legal domicile
NY

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AXEL DEPINAYDIRECTOR, CFO/TREASURER
Trustee or director, Officer
5$0
BERNARDA NEAL thru 2124PRESIDENT
Trustee or director, Officer
5$0
CHRISTOPHER BYRNESSECRETARY
Trustee or director, Officer
5$0
PIERRE-MARIE DUMONTPRESIDENT
Trustee or director, Officer
5$0
ROMANUS CESSARIOCHAIRMAN
Trustee or director, Officer
5$0
ARCHDUKE RUDOLPH OF AUSTRIADIRECTOR
Trustee or director
5$0
FOLEF VAN NISPEN TOT SEVENAERDIRECTOR
Trustee or director
5$0
JOHN CORCORANDIRECTOR
Trustee or director
5$0
Matthew Kelsey from 42024DIRECTOR
Trustee or director
5$0
PATRICK BAUGIER DE CHEVESTREDIRECTOR
Trustee or director
5$0
ROMAIN LIZEDIRECTOR
Trustee or director
5$0
VINCENT MONTAGNEDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
BERNARDA NEALPRESIDENT
Trustee or director, Officer
5$0
ROMANUS CESSARIOCHAIRMAN
Trustee or director, Officer
5$0
AXEL D'EPINAYDIRECTOR, CFO/TREASURER
Trustee or director, Officer
5$0
PIERRE-MARIE DUMONTDIRECTOR
Trustee or director
5$0
VINCENT MONTAGNEDIRECTOR
Trustee or director
5$0
JOHN CORCORANDIRECTOR
Trustee or director
5$0
ARCHDUKE RUDOLPH OF AUSTRIADIRECTOR
Trustee or director
5$0
FOLEF VAN NISPEN TOT SEVENAERDIRECTOR
Trustee or director
5$0
ROMAIN LIZEDIRECTOR
Trustee or director
5$0
PATRICK BAUGIER DE CHEVESTREDIRECTOR
Trustee or director
5$0
DEBORAH NILSONSECRETARY (THRU 10/19/23)
Officer
5$0
CHRISTOPHER BYRNESSECRETARY (FROM 10/19/23)
Officer
5$0

Address and contacts

Address (IRS master file)
86 MAIN STREET 303, YONKERS, NY 10701-8805
Principal officer (990 for 2024)
AXEL DEPINAY, 86 MAIN STREET 303, YONKERS, NY 10701
Signed the 990
AXEL DEPINAY, CFO/TREASURER
Phone
(914) 502-1855
Return prepared by
Forvis Mazars LLP

Mission

TO PROMOTE EXPRESSIONS OF FAITH, PRAYER, AND DEVOTION CONSISTENT WITH THE MAGISTERIUM AND AUTHORITATIVE MORAL GUIDANCE OF THE CATHOLIC CHURCH, AND TO RAISE AND PROVIDE FINANCING AND SPONSORSHIP OF CONFERENCES, CONVENTIONS, PUBLICATIONS, MISSIONS, VIDEO RECORDINGS AND OTHER INSTRUMENTS THAT SUPPORT THE CORPORATION'S MISSION, AND TO MAKE AVAILABLE THESE OPPORTUNITIES AND INSTRUMENTS ESPECIALLY FOR THOSE WITHOUT EASY ACCESS TO THEM.

990 for the year ended December 31, 2024

Program accomplishments

  • THE MAGNIFICAT FOUNDATION MAKES IT POSSIBLE FOR THOSE IN NEED AND WHO CANNOT OTHERWISE AFFORD THEM TO OBTAIN QUALITY CATHOLIC PRAYER RESOURCES, THEREBY BENEFITTING DESERVING YOUNG PEOPLE, SEMINARIANS, RETIRED CLERGY AND MEMBERS OF RELIGIOUS ORDERS, PRISONERS, MEMBERS OF THE MILITARY ON ACTIVE DUTY, WOMEN IN DISTRESS, HOSPITAL PATIENTS, AND MANY OTHERS. -- THE FOUNDATION SUBSIDIZES SUBSCRIPTIONS FOR THE NEEDY. IT CAN BE A COMPLIMENTARY SUBSCRIPTION OF A CATHOLIC PUBLICATION SOLD AT COST BY PUBLISHERS FOR PRISON MINISTRY, STUDENTS, AND OTHER INDIVIDUALS WHO CANNOT AFFORD THEM. -- CARDINAL EGAN LECTURE IN NEW YORK, NY, WITH APPROXIMATELY 400 ATTENDEES
    Expenses $28,127

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2942525
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$814,263
Income (IRS master file)
$651,610

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$651,610$49,115$814,263XML
990December 2023$29,845$42,058$201,505XML
990December 2022$20,341$25,052$246,604IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 27-2942525).

Questions about MAGNIFICAT FOUNDATION INC

What is the EIN of MAGNIFICAT FOUNDATION INC?
The employer identification number (EIN) of MAGNIFICAT FOUNDATION INC is 27-2942525.
Is MAGNIFICAT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does MAGNIFICAT FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAGNIFICAT FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNIFICAT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAGNIFICAT FOUNDATION INC?
The 990 for the year ended December 31, 2024 names AXEL DEPINAY.
Who are the officers and directors of MAGNIFICAT FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does MAGNIFICAT FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $651,610, expenses of $49,115 and total assets of $814,263 at year end.

Other nonprofits in YONKERS

All nonprofits in YONKERS · New York