Nonprofit · EIN 45-0573269
MAGNUM CULTURAL FOUNDATION
Also known as The Magnum Foundation
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,316,188 | $1,901,122 | -$584,934 | $4,067,586 | $68,648 | $3,998,938 |
| December 31, 2023 | 990 | $1,177,866 | $1,764,733 | -$586,867 | $4,693,801 | $146,189 | $4,547,612 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,276,982
- of which government grants
- $155,480
- Program service revenue
- $16,250
- Investment income
- $1,112
- Net rental income
- $4,150
- Net gain from sales of assets
- $154
- Other revenue
- $21,844
Expenses
- Grants and similar amounts paid
- $374,669
- Compensation of officers, directors and key employees
- $154,413
- Other salaries and wages
- $441,106
- Salaries, compensation and benefits (total)
- $699,324
- Professional fundraising fees
- $71,600
- Legal fees
- $425
- Accounting fees
- $93,412
- Occupancy
- $17,954
- Travel
- $125,689
- Depreciation
- $38,074
- Program services (functional)
- $1,312,275
- Management and general (functional)
- $291,828
- Fundraising (functional)
- $297,019
Balance sheet and other
- Total assets, start of year
- $4,693,801
- Total assets, end of year
- $4,067,586
- Total liabilities, end of year
- $68,648
- Net assets, end of year
- $3,998,938
- Land, buildings and equipment
- $758,290
- Net assets without donor restrictions
- $3,519,438
- Net assets with donor restrictions
- $479,500
- Gross receipts
- $1,444,330
- Employees
- 12
- Volunteers
- 1
- Year formed
- 2007
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTEN LUBBEN | EXECUTIVE DIRECTOR Officer | 40 | $154,413 | $5,404 |
| SUSAN MEISELAS | PRESIDENT Trustee or director, Officer | 7.5 | $0 | $0 |
| PAMELA CHEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DIANA COHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CLAIRE DAVIS | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
| LISA GARRISON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SOHRAB HURA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARK JACKSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
| JONATHAN KARTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELLIS REED | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ORVILLE SCHELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NEWSHA TAVAKOLIAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CYNTHIA YOUNG-EBERSTADT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALICE SACHS ZIMET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RAFAL MILACH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER VAN AGTMAEL | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTEN LUBBEN | EXECUTIVE DIRECTOR Officer | 40 | $149,687 | $5,037 |
| SUSAN MEISELAS | PRESIDENT Trustee or director, Officer | 7.5 | $0 | $0 |
| PAMELA CHEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DIANA COHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CLAIRE DAVIS | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
| LISA GARRISON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SOHRAB HURA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARK JACKSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
| JONATHAN KARTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CATHERINE MUTHER | DIRECTOR (RESIGNED NOVEMBER 2023) Trustee or director | 0.5 | $0 | $0 |
| ELLIS REED | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ORVILLE SCHELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NEWSHA TAVAKOLIAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CYNTHIA YOUNG-EBERSTADT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALICE SACHS ZIMET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RAFAL MILACH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 59 E 4TH ST STE 7W, NEW YORK, NY 10003-8991
- Mailing address (990-N for 2007)
- 151 West 25th Street, New York NY 10001
- Principal officer (990 for 2024)
- KRISTEN LUBBEN, 59 EAST 4TH STREET, NEW YORK, NY 10003
- Principal officer (990-N for 2007)
- Susan Meiselas, 256 Mott Street, New York NY 10128
- Signed the 990
- KRISTEN LUBBEN, EXECUTIVE DIRECTOR
- Phone
- (212) 219-1248
- Website
- www.magnumfoundation.org
- Return prepared by
- RICH AND BANDER LLP
Mission
MENTOR THE NEXT GENERATION OF PHOTOGRAPHERS AND HAVE IMPACT ON HISTORICAL/CONTEMPORARY PHOTOGRAPHY
Program accomplishments
- MAJOR PROGRAM SERVICES INCLUDE: PROVIDING FINANCIAL SUPPORT TO PHOTOGRAPHERS TO DOCUMENT ISSUES OF LOCAL, NATIONAL, OR GLOBAL CONCERN BEFORE THEY REACH CRISIS PROPORTIONS, WITH A FOCUS ON SUBJECTS THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE; INCREASING THE IMPACT OF DOCUMENTARY PHOTOGRAPHY BY CONNECTING PHOTOGRAPHERS AND THEIR WORK WITH NONPROFIT ORGANIZATIONS AND INDIVIDUALS COMMITTED TO SOCIAL CHANGE; TRAINING THE NEXT GENERATION OF IMAGE-MAKERS AND GIVING AWARDS TO OUTSTANDING YOUNG PHOTOGRAPHERS COMMITTED TO DOCUMENTARY WORK; AND PRESERVING AND MAKING ACCESSIBLE SIGNIFICANT DOCUMENTARY COLLECTIONS.Expenses $1,312,275 · grants $374,669 · revenue $16,250
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0573269
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $4,067,586
- Income (IRS master file)
- $1,444,330
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,316,188 | $1,901,122 | $4,067,586 | IRS |
| 990 | December 2023 | $1,177,866 | $1,764,733 | $4,693,801 | XML |
| 990 | December 2022 | $2,696,577 | $1,515,996 | $5,238,755 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2007 Officer: Susan Meiselas | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-0573269).
Questions about MAGNUM CULTURAL FOUNDATION
- What is the EIN of MAGNUM CULTURAL FOUNDATION?
- The employer identification number (EIN) of MAGNUM CULTURAL FOUNDATION is 45-0573269.
- Is MAGNUM CULTURAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MAGNUM CULTURAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNUM CULTURAL FOUNDATION 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 MAGNUM CULTURAL FOUNDATION 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 MAGNUM CULTURAL FOUNDATION 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 MAGNUM CULTURAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names KRISTEN LUBBEN.
- Who are the officers and directors of MAGNUM CULTURAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $154,413 (KRISTEN LUBBEN, EXECUTIVE DIRECTOR).
- How much revenue does MAGNUM CULTURAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,316,188, expenses of $1,901,122 and total assets of $4,067,586 at year end.
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