Nonprofit · EIN 51-0164695
MAGDOVITZ FAMILY FOUNDATION
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990-PF | $227,220 | $141,356 | $85,864 | $1,064,636 | $0 | $1,064,636 |
| June 30, 2025 | 990-PF | $19,365 | $80,220 | -$60,855 | $1,002,973 | $0 | $1,002,973 |
| June 30, 2024 | 990-PF | $10,797 | $171,088 | -$160,291 | $1,076,128 | $0 | $1,076,128 |
| June 30, 2022 | 990-PF | $13,543 | $73,157 | -$59,614 | $1,092,917 | $0 | $1,092,917 |
Financial details: 990-PF for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $125,000
- Dividends
- $8,925
- Net gain from sales of assets
- $89,795
Expenses
- Grants and similar amounts paid
- $113,280
- Disbursements for charitable purposes
- $3,697
- Excise tax on investment income
- $1,032
Balance sheet and other
- Total assets, start of year
- $1,002,973
- Total assets, end of year
- $1,064,636
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,064,636
- Fair market value of assets
- $1,064,544
- Qualifying distributions
- $3,697
- Net investment income
- $102,220
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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Earl J Magdovitz 6535 Cherryhill Ridge, Memphis, TN 38120 | Pres-Treas | 2 | $0 |
| Barbara Magdovitz POB 650, Memphis, TN 38101 | V/P-Secty | 1 | $0 |
990-PF for the year ended June 30, 2025: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Earl J Magdovitz 6535 Cherryhill Ridge, Memphis, TN 38120 | Pres-Treas | 2 | $0 |
| Barbara Magdovitz POB 650, Memphis, TN 38101 | V/P-Secty | 1 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Earl J Magdovitz 6535 Cherryhill Ridge, Memphis, TN 38120 | Pres-Treas | 2 | $0 |
| Barbara Magdovitz POB 650, Memphis, TN 38101 | V/P-Secty | 1 | $0 |
990-PF for the year ended June 30, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Earl J Magdovitz 6535 Cherryhill Ridge, Memphis, TN 38120 | Pres-Treas | 2 | $0 |
| Barbara Magdovitz POB 650, Memphis, TN 38101 | V/P-Secty | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1726 MADISON AVE, MEMPHIS, TN 38104-6401
- Signed the 990-PF
- Earl Magdovitz, President
- Phone
- (901) 272-9471
- Return prepared by
- NEWMAN DECOSTER
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990-PF on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 51-0164695
- 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
- 1975
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,002,973
- Income (IRS master file)
- $19,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2026 | $227,220 | $141,356 | $1,064,636 | XML |
| 990-PF | June 2025 | $19,365 | $80,220 | $1,002,973 | XML |
| 990-PF | June 2024 | $10,797 | $171,088 | $1,076,128 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | $13,543 | $73,157 | $1,092,917 | XML |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 51-0164695).
Questions about MAGDOVITZ FAMILY FOUNDATION
- What is the EIN of MAGDOVITZ FAMILY FOUNDATION?
- The employer identification number (EIN) of MAGDOVITZ FAMILY FOUNDATION is 51-0164695.
- Is MAGDOVITZ FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to MAGDOVITZ FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGDOVITZ FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGDOVITZ FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGDOVITZ FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2026.
- Who are the officers and directors of MAGDOVITZ FAMILY FOUNDATION?
- The 990-PF for the year ended June 30, 2026 lists 2 people; 0 received compensation from the organization.
- How much revenue does MAGDOVITZ FAMILY FOUNDATION have?
- On its 990-PF for the year ended June 30, 2026 it reported revenue of $227,220, expenses of $141,356 and total assets of $1,064,636 at year end.
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