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Nonprofit · EIN 46-1086258

MAGFEST INC

Tax-exempt · BELTSVILLE, MD 20705

Financials

$3.1M$2.6M2023
Revenue Expenses · by fiscal year end
Financials of MAGFEST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$3,068,619$2,601,648$466,971$2,999,487$1,350$2,998,137
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$96,085
Program service revenue
$2,764,805
Investment income
$78,868
Net income from sales of inventory
$128,861
Other revenue
$128,861

Expenses

Grants and similar amounts paid
$47,284
Compensation of officers, directors and key employees
$81,807
Other salaries and wages
$321,648
Salaries, compensation and benefits (total)
$464,137
Professional fundraising fees
$0
Legal fees
$35,377
Accounting fees
$3,920
Occupancy
$158,611
Travel
$132,894
Depreciation
$7,634
Program services (functional)
$2,454,413
Management and general (functional)
$147,235

Balance sheet and other

Total assets, start of year
$2,532,029
Total assets, end of year
$2,999,487
Total liabilities, end of year
$1,350
Net assets, end of year
$2,998,137
Land, buildings and equipment
$19,032
Gross receipts
$3,369,370
Employees
7
Volunteers
1,700
Year formed
2012
State of legal domicile
MD

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 June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
DEBRA ROSE LENIKEXECUTIVE DIRECTOR
Officer
40$81,807
VERONICA CHRISTIEPRESIDENT
Trustee or director
10$0
LEON VAN DER GOETZSECRETARY
Trustee or director
10$0
JARRETT BURNSTREASURER
Trustee or director
10$0
ERIC POCHDIRECTOR
Trustee or director
10$0
CARRIE SNYDERDIRECTOR
Trustee or director
10$0
GABRIEL GUTIERREZDIRECTOR
Trustee or director
10$0
LAUREN SCHWARTZDIRECTOR
Trustee or director
10$0
GILLIAN WEBBDIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
10820 HANNA ST STE C, BELTSVILLE, MD 20705-2134
Principal officer (990 for 2023)
DEBRA R LENIK, PO BOX 4705, BALTIMORE, MD 21211
Signed the 990
DEBRA R LENIK, EXECUTIVE DIRECTOR
Phone
(412) 522-9067
Return prepared by
DRAPER & MCGINLEY PA

Mission

TO EDUCATE THE PUBLIC ABOUT VIDEO GAME MUSIC, ART AND HISTORY; TO PROMOTE PUBLIC APPRECIATION OF VIDEO GAME MUSIC, ART, AND HISTORY; TO UNDERTAKE OTHER CHARITABLE PROJECTS, PROGRAMS, AND ACTIVITIES NOT INCONSISTENT WITH SECTION 501(C)(3) OF THE IRS CODE AND STATE LAW.

990 for the year ended June 30, 2024

Program accomplishments

  • THE MUSIC AND GAMING FESTIVAL IS MAGFEST INC'S FLAGSHIP EVENT, OCCURRING ANNUALLY EACH WINTER. MAGFEST'S LIBRARY OF HISTORIC GAMING CONTENT CONTAINS CONSOLE, ARCADE, AND NON-ELECTRONIC EXHIBITS DATING FROM 1971 TO THE PRESENT. THE MAGFEST EVENT GIVES ITS ATTENDEES THE OPPORTUNITY TO EXPERIENCE GAMING HISTORY. MAGFEST ALSO EXHIBITS VIDEO GAMES CREATED BY INDEPENDENT DEVELOPERS, GIVING THEM A CHANCE TO DEMONSTRATE THEIR WORK AND ACCOMPLISHMENTS. ALSO, MAGFEST FEATURES PERFORMANCES OF MUSIC EITHER ARRANGED FROM OR INSPIRED BY THE MUSIC FEATURED IN VIDEO GAMES. THESE PERFORMANCES PRESERVE THE ART-FORM OF VIDEO GAME MUSIC AND PROMOTE THE APPRECIATION OF IT. MAGFEST PROVIDES A ROBUST SCHEDULE OF PROGRAMMING WHICH INCLUDES INDUSTRIAL EDUCATION PRESENTATIONS FOR ATTENDEES. THE MAGFEST EVENT WAS CREATED AS AN ALTERNATIVE TO VIDEO GAME INDUSTRY EXHIBITIONS, AS THESE EXHIBITIONS PRIMARILY EXIST AS A FOR-PROFIT MEANS OF ADVERTISING. MAGFEST'S MAIN PURPOSE IS TO PROVIDE A VENUE IN WHICH ITS ATTENDEES CAN LEARN ABOUT THE HISTORY AND CULTURE OF GAMING.
    Expenses $2,083,214 · grants $47,284 · revenue $2,771,001
  • MAGFEST, INC HOLDS SMALL EVENTS IN VARIOUS U.S. CITIES TO PROMOTE THE MAGFEST BRAND, AND TO ALSO BRING OUR MISSION CONTENT TO PEOPLE WHO CANNOT NORMALLY TRAVEL TO OUR FLAGSHIP WINTER EVENT. THESE EVENTS USUALLY FEATURE LIVE PERFORMANCES OF MUSIC ARRANGED FROM/INSPIRED BY VIDEO GAMES, AND ALSO PROVIDES CLASSIC HISTORICAL GAMING EXHIBITS FOR PEOPLE TO EXPERIENCE.
    Expenses $371,199 · revenue $219,315

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-1086258
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,999,487
Income (IRS master file)
$3,369,370

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$3,068,619$2,601,648$2,999,487IRS
990June 2022$133,153$347,684$1,861,525IRS
990February 2021–––IRS
990February 2019–––IRS
990February 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 46-1086258).

Questions about MAGFEST INC

What is the EIN of MAGFEST INC?
The employer identification number (EIN) of MAGFEST INC is 46-1086258.
Is MAGFEST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to MAGFEST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGFEST 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 MAGFEST INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGFEST INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of MAGFEST INC?
The 990 for the year ended June 30, 2024 names DEBRA R LENIK.
Who are the officers and directors of MAGFEST INC?
The 990 for the year ended June 30, 2024 lists 9 people; 1 received compensation from the organization, the highest $81,807 (DEBRA ROSE LENIK, EXECUTIVE DIRECTOR).
How much revenue does MAGFEST INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $3,068,619, expenses of $2,601,648 and total assets of $2,999,487 at year end.

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