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Nonprofit · EIN 47-2122518

LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION

Tax-exempt · CORDOVA, TN 38018

Financials

$892K$835K2023$209K$203K2024$1.6M$364K2025
Revenue Expenses · by fiscal year end
Financials of LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,614,560$363,864$1,250,696$3,408,175$232,493$3,175,682
December 31, 2024990-PF$209,007$203,131$5,876$2,092,583$167,597$1,924,986
December 31, 2023990-PF$892,446$834,779$57,667$2,038,631$119,474$1,919,157
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,450,000
Dividends
$9,287
Interest
$14,317
Net rental income
-$165,514
Net gain from sales of assets
$56,178

Expenses

Grants and similar amounts paid
$113,572
Disbursements for charitable purposes
$113,572

Balance sheet and other

Total assets, start of year
$2,092,583
Total assets, end of year
$3,408,175
Total liabilities, end of year
$232,493
Net assets, end of year
$3,175,682
Fair market value of assets
$2,980,178
Qualifying distributions
$113,572
Net investment income
$164,560

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
LAWREMCE M MAGDOVITZ II
1005 CORDOV STATION AVENUE, CORDOVA, TN 38018
President0$0
BETHE ANN MACK
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0
NOUTH MAGDOVITZ
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
LAWREMCE M MAGDOVITZ II
1005 CORDOV STATION AVENUE, CORDOVA, TN 38018
President0$0
BETHE ANN MACK
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0
NOUTH MAGDOVITZ
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LAWREMCE M MAGDOVITZ II
1005 CORDOV STATION AVENUE, CORDOVA, TN 38018
President0$0
BETHE ANN MACK
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0
NOUTH MAGDOVITZ
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018
Director0$0

Address and contacts

Address (IRS master file)
1005 CORDOVA STATION AVE, CORDOVA, TN 38018-6318
In care of
% LAWRENCE MAGDOVITZ II
Mailing address (990-N for 2015)
8342 Macon Road, Cordova TN 38018
Principal officer (990-N for 2015)
Lawrence Magdovitz II, 8342 Macon Road, Cordova TN 38018
Signed the 990-PF
LAWRENCE M MAGDOVITZ II, President
Phone
(901) 737-0500
Return prepared by
Hutchinson & Greenberg PC

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
47-2122518
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
2015
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$3,408,175
Income (IRS master file)
$2,185,669

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,614,560$363,864$3,408,175XML
990-PFDecember 2024$209,007$203,131$2,092,583XML
990-PFDecember 2023$892,446$834,779$2,038,631XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-N for 2015
Officer: Lawrence Magdovitz II
December 31, 2015≤ $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 47-2122518).

Questions about LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION

What is the EIN of LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION?
The employer identification number (EIN) of LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION is 47-2122518.
Is LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LAWRENCE M & KERIN C MAGDOVITZ 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 LAWRENCE M & KERIN C MAGDOVITZ 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 is the principal officer of LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION?
The 990-N for 2015 names Lawrence Magdovitz II.
Who are the officers and directors of LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does LAWRENCE M & KERIN C MAGDOVITZ FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,614,560, expenses of $363,864 and total assets of $3,408,175 at year end.

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