Nonprofit · EIN 62-6033040
W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST
Tax-exempt · FRANKLIN, TN 37067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $10,965 | $11,806 | -$841 | $145,174 | $0 | $145,174 |
| December 31, 2024 | 990-PF | $9,291 | $11,632 | -$2,341 | $146,010 | $0 | $146,010 |
| December 31, 2023 | 990-PF | $8,685 | $11,129 | -$2,444 | $148,348 | $0 | $148,348 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,918
- Net gain from sales of assets
- $1,047
Expenses
- Grants and similar amounts paid
- $8,009
- Compensation of officers, directors and key employees
- $1,800
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $8,009
- Excise tax on investment income
- $100
Balance sheet and other
- Total assets, start of year
- $146,010
- Total assets, end of year
- $145,174
- Total liabilities, end of year
- $0
- Net assets, end of year
- $145,174
- Fair market value of assets
- $172,937
- Qualifying distributions
- $8,009
- Net investment income
- $10,965
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Regions Morgan Keegan Trust Company 6700 Carothers Pkwy, Franklin, TN 37067 | Trustee | 2 | $1,500 |
| Claiborne K McLemore III 1211 16th Ave S, Nashville TN, TN 37212 | Trustee | 1 | $150 |
| Ernest Smallman III 137 Reinhardt College Pkwy, Unit 316, Canton, GA 30114 | Trustee | 1 | $150 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Regions Morgan Keegan Trust Company 6700 Carothers Pkwy, Franklin, TN 37067 | Trustee | 2 | $1,500 |
| Claiborne K McLemore III 1211 16th Ave S, Nashville TN, TN 37212 | Trustee | 1 | $150 |
| Ernest Smallman III 137 Reinhardt College Pkwy, Unit 316, Canton, GA 30114 | Trustee | 1 | $150 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Regions Morgan Keegan Trust Company 150 4th Avenue N, 9th Floor, Nashville, TN 37219 | Trustee | 2 | $1,500 |
| Claiborne K McLemore III 1211 16th Ave S, Nashville TN, TN 37212 | Trustee | 1 | $100 |
| Ernest Smallman III 107 Pebblebrooke Run, Canton, GA 30115 | Trustee | 1 | $100 |
Address and contacts
- Address (IRS master file)
- 6700 CAROTHERS PKWY, FRANKLIN, TN 37067-6334
- In care of
- % BRYAN YOUNG
- Signed the 990-PF
- Bryan, Young
- Phone
- (615) 309-3422
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 | 990-PF 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
- 62-6033040
- 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
- 1945
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $145,174
- Income (IRS master file)
- $16,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $10,965 | $11,806 | $145,174 | IRS |
| 990-PF | December 2024 | $9,291 | $11,632 | $146,010 | IRS |
| 990-PF | December 2023 | $8,685 | $11,129 | $148,348 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 62-6033040).
Questions about W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST
- What is the EIN of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST?
- The employer identification number (EIN) of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST is 62-6033040.
- Is W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1945.
- Are donations to W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST 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 W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $1,500 (Regions Morgan Keegan Trust Company, Trustee).
- How much revenue does W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $10,965, expenses of $11,806 and total assets of $145,174 at year end.
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