Nonprofit · EIN 62-6033090
SALVATION ARMY MAGNESS TRUST FUND
Also known as REGIONS M K TRUST CO ET AL TTEE
Tax-exempt · FRANKLIN, TN 37067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $123,117 | $137,616 | -$14,499 | $1,491,420 | $0 | $1,491,420 |
| December 31, 2024 | 990-PF | $85,507 | $130,807 | -$45,300 | $1,506,357 | $0 | $1,506,357 |
| December 31, 2023 | 990-PF | $47,304 | $125,582 | -$78,278 | $1,551,881 | $0 | $1,551,881 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $38,042
- Interest
- $16,023
- Net gain from sales of assets
- $68,270
- Other income
- $782
Expenses
- Grants and similar amounts paid
- $103,629
- Compensation of officers, directors and key employees
- $30,095
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $103,629
- Excise tax on investment income
- $1,224
Balance sheet and other
- Total assets, start of year
- $1,506,357
- Total assets, end of year
- $1,491,420
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,491,420
- Fair market value of assets
- $2,147,180
- Qualifying distributions
- $103,629
- Net investment income
- $122,022
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 FSB 6700 Carothers Pkwy, Franklin, TN 37067 | Trustee | 2 | $25,195 |
| Claiborne K McLemore III 1211 Sixteenth Avenue S, Nashville, TN 37212 | Trustee | 1 | $2,450 |
| Ernest Smallman III 137 Reinhardt College Pkwy, Unit 316, Canton, GA 30114 | Trustee | 1 | $2,450 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Regions Morgan Keegan Trust Company FSB 6700 Carothers Pkwy, Franklin, TN 37067 | Trustee | 2 | $24,492 |
| Claiborne K McLemore III 1211 Sixteenth Avenue S, Nashville, TN 37212 | Trustee | 1 | $2,450 |
| Ernest Smallman III 137 Reinhardt College Pkwy, Unit 316, Canton, GA 30114 | Trustee | 1 | $2,450 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Regions Morgan Keegan Trust Company FSB 150 4th Avenue N, 9th Floor, Nashville, TN 37219 | Trustee | 2 | $22,111 |
| Claiborne K McLemore III 1211 Sixteenth Avenue S, Nashville, TN 37212 | Trustee | 1 | $2,300 |
| Ernest Smallman III 107 Pebblebrooke Run, Canton, GA 30115 | Trustee | 1 | $2,300 |
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
- 62-6033090
- 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
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,491,420
- Income (IRS master file)
- $364,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $123,117 | $137,616 | $1,491,420 | IRS |
| 990-PF | December 2024 | $85,507 | $130,807 | $1,506,357 | IRS |
| 990-PF | December 2023 | $47,304 | $125,582 | $1,551,881 | 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 62-6033090).
Questions about SALVATION ARMY MAGNESS TRUST FUND
- What is the EIN of SALVATION ARMY MAGNESS TRUST FUND?
- The employer identification number (EIN) of SALVATION ARMY MAGNESS TRUST FUND is 62-6033090.
- Is SALVATION ARMY MAGNESS TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to SALVATION ARMY MAGNESS TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SALVATION ARMY MAGNESS TRUST FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SALVATION ARMY MAGNESS TRUST FUND 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 SALVATION ARMY MAGNESS TRUST FUND 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 SALVATION ARMY MAGNESS TRUST FUND?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $25,195 (Regions Morgan Keegan Trust Company FSB, Trustee).
- How much revenue does SALVATION ARMY MAGNESS TRUST FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $123,117, expenses of $137,616 and total assets of $1,491,420 at year end.
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