Nonprofit · EIN 46-2377082
MG2 FOUNDATION
Tax-exempt · SEATTLE, WA 98101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $364,628 | $380,271 | -$15,643 | $1,020,639 | $0 | $1,020,639 |
| December 31, 2023 | 990-PF | $295,915 | $391,553 | -$95,638 | $1,036,441 | $0 | $1,036,441 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $311,136
- Dividends
- $20,073
- Interest
- $6,577
- Net gain from sales of assets
- $26,842
Expenses
- Grants and similar amounts paid
- $272,703
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $372,511
- Excise tax on investment income
- $541
Balance sheet and other
- Total assets, start of year
- $1,036,441
- Total assets, end of year
- $1,020,639
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,020,639
- Fair market value of assets
- $1,155,322
- Qualifying distributions
- $372,511
- Net investment income
- $54,528
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY LEE 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | EXECUTIVE DIRECTOR | 0.5 | $0 |
| MITCHELL SMITH 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | CHAIR | 1 | $0 |
| RUSS HAZZARD 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | DIRECTOR | 1 | $0 |
| WENDY UNZELMAN 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY LEE 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | EXECUTIVE DIRECTOR | 0.5 | $0 |
| MITCHELL SMITH 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | CHAIR | 1 | $0 |
| RUSS HAZZARD 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | DIRECTOR | 1 | $0 |
| WENDY UNZELMAN 1101 SECOND AVE SUITE 100, SEATTLE, WA 98101 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 2ND AVE STE 100, SEATTLE, WA 98101-3361
- Signed the 990-PF
- MITCHELL SMITH, PRESIDENT
- Phone
- (206) 962-6500
- Return prepared by
- PLANTE & MORAN PLLC
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 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-2377082
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,020,639
- Income (IRS master file)
- $589,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $364,628 | $380,271 | $1,020,639 | XML |
| 990-PF | December 2023 | $295,915 | $391,553 | $1,036,441 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 46-2377082).
Questions about MG2 FOUNDATION
- What is the EIN of MG2 FOUNDATION?
- The employer identification number (EIN) of MG2 FOUNDATION is 46-2377082.
- Is MG2 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MG2 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MG2 FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MG2 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 MG2 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MG2 FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MG2 FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $364,628, expenses of $380,271 and total assets of $1,020,639 at year end.
Other nonprofits in SEATTLE
- GATES FOUNDATION EIN 56-2618866 · last filed 990-PF for 2024
- FUND FOR SCIENCE AND TECHNOLOGY EIN 92-2010769 · last filed 990-PF for 2025
- BEZOS FAMILY FOUNDATION EIN 91-2073258 · last filed 990-PF for 2024
- THE SEATTLE FOUNDATION EIN 91-6013536 · last filed 990 for 2024
- ALLEN FAMILY PHILANTHROPIES EIN 94-3082532 · last filed 990-PF for 2024
- GREATER GOOD CHARITIES EIN 20-4846675 · last filed 990 for 2025
- CASEY FAMILY PROGRAMS EIN 91-0793881 · last filed 990-PF for 2024
- ROOTS AND WINGS FOUNDATION INC EIN 32-0581904 · last filed 990-PF for 2024
All nonprofits in SEATTLE · Washington · Philanthropy, voluntarism and grantmaking foundations