Nonprofit · EIN 52-1903823
MAGI-FUND INC
Tax-exempt · SALISBURY, MD 21801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $160,409 | $147,723 | $12,686 | $973,534 | $0 | $973,534 |
| December 31, 2024 | 990 | $103,311 | $102,810 | $501 | $844,789 | $0 | $844,789 |
| December 31, 2023 | 990 | $104,102 | $107,067 | -$2,965 | $792,208 | $0 | $792,208 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $112,562
- Program service revenue
- $47,812
- Investment income
- $35
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $127,766
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $147,723
Balance sheet and other
- Total assets, start of year
- $844,789
- Total assets, end of year
- $973,534
- Total liabilities, end of year
- $0
- Net assets, end of year
- $973,534
- Publicly traded securities
- $952,470
- Net assets without donor restrictions
- $21,062
- Net assets with donor restrictions
- $952,472
- Gross receipts
- $160,409
- Employees
- 0
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY ALESSI | TRUSTEE Trustee or director | – | $0 |
| BRENDA ALLEN | TRUSTEE Trustee or director | – | $0 |
| BOB ANDERSON | TRUSTEE Trustee or director | – | $0 |
| TINA BRADFORD | TRUSTEE Trustee or director | – | $0 |
| ROBIN COCKEY | SECRETARY Officer | – | $0 |
| BONNIE NELSON LUNA | CHAIRWOMAN Officer | – | $0 |
| MARTY NEAT | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY ALESSI | TRUSTEE Trustee or director | – | $0 |
| BRENDA ALLEN | TRUSTEE Trustee or director | – | $0 |
| JACKIE CASSIDY | TRUSTEE Trustee or director | – | $0 |
| PEGGY PALMER | TRUSTEE Trustee or director | – | $0 |
| CYNTHIA WILLIAMS | TRUSTEE Trustee or director | – | $0 |
| ROBIN COCKEY | SECRETARY Officer | – | $0 |
| BONNIE NELSON LUNA | CHAIRWOMAN Officer | – | $0 |
| MARTY NEAT | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY ALESSI | TRUSTEE Trustee or director | – | $0 |
| BRENDA ALLEN | TRUSTEE Trustee or director | – | $0 |
| JACKIE CASSIDY | TRUSTEE Trustee or director | – | $0 |
| PEGGY PALMER | TRUSTEE Trustee or director | – | $0 |
| CYNTHIA WILLIAMS | TRUSTEE Trustee or director | – | $0 |
| ROBIN COCKEY | SECRETARY Officer | – | $0 |
| BONNIE NELSON LUNA | CHAIRWOMAN Officer | – | $0 |
| MARTY NEAT | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1210 ORCHARD CIR, SALISBURY, MD 21801-6818
- In care of
- % BONNIE LUNA
- Principal officer (990 for 2025)
- BONNIE NELSON LUNA, 1210 ORCHARD CIRCLE, SALISBURY, MD 21801
- Signed the 990
- BONNIE NELSON LUNA, CHAIRWOMAN
- Phone
- (410) 749-1633
- Return prepared by
- COMPASS US ACCOUNTANTS & ADVISORS
Mission
NON-PROFIT FUNDRAISING
Program accomplishments
- TO RAISE FUNDS TO SUPPORT OTHER CHARITIESExpenses $147,723 · grants $127,766
- TO RAISE FUNDS TO SUPPORT OTHER CHARITIES
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 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1903823
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $973,534
- Income (IRS master file)
- $160,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $160,409 | $147,723 | $973,534 | XML |
| 990 | December 2024 | $103,311 | $102,810 | $844,789 | XML |
| 990 | December 2023 | $104,102 | $107,067 | $792,208 | XML |
| 990 | December 2022 | $106,744 | $114,491 | $710,340 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-1903823).
Questions about MAGI-FUND INC
- What is the EIN of MAGI-FUND INC?
- The employer identification number (EIN) of MAGI-FUND INC is 52-1903823.
- Is MAGI-FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MAGI-FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGI-FUND 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 MAGI-FUND INC 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 MAGI-FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAGI-FUND INC?
- The 990 for the year ended December 31, 2025 names BONNIE NELSON LUNA.
- Who are the officers and directors of MAGI-FUND INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAGI-FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $160,409, expenses of $147,723 and total assets of $973,534 at year end.
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