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Nonprofit · EIN 45-2437081

MAJIC VERMONT FOUNDATION

Tax-exempt · WILMINGTON, DE 19809

Financials

$317K$770K2023$5.7M$945K2024$1M$812K2025
Revenue Expenses · by fiscal year end
Financials of MAJIC VERMONT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,000,848$811,583$189,265$15,986,501$0$15,986,501
December 31, 2024990-PF$5,723,744$945,129$4,778,615$15,797,236$0$15,797,236
December 31, 2023990-PF$316,576$770,039-$453,463$11,018,621$0$11,018,621
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$354,908
Interest
$28,187
Net gain from sales of assets
$617,753

Expenses

Grants and similar amounts paid
$666,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$734,070
Excise tax on investment income
$12,620

Balance sheet and other

Total assets, start of year
$15,797,236
Total assets, end of year
$15,986,501
Total liabilities, end of year
$0
Net assets, end of year
$15,986,501
Fair market value of assets
$21,411,509
Qualifying distributions
$734,070
Net investment income
$975,478

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Elizabeth Bausch
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP, Sec1$0
David Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Eleanor J Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Emily Porter
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
Elizabeth Bausch
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP, Sec1$0
David Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Eleanor J Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Emily Porter
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Elizabeth Bausch
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP, Sec1$0
David Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Eleanor J Ignat
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Emily Porter
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Emily Porter, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
45-2437081
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
2012
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$15,986,501
Income (IRS master file)
$2,181,699

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,000,848$811,583$15,986,501IRS
990-PFDecember 2024$5,723,744$945,129$15,797,236XML
990-PFDecember 2023$316,576$770,039$11,018,621XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 45-2437081).

Questions about MAJIC VERMONT FOUNDATION

What is the EIN of MAJIC VERMONT FOUNDATION?
The employer identification number (EIN) of MAJIC VERMONT FOUNDATION is 45-2437081.
Is MAJIC VERMONT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to MAJIC VERMONT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MAJIC VERMONT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MAJIC VERMONT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAJIC VERMONT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of MAJIC VERMONT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does MAJIC VERMONT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,000,848, expenses of $811,583 and total assets of $15,986,501 at year end.

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