Nonprofit · EIN 68-0527894
MAGISTRO FOUNDATION INC
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $699,993 | $624,511 | $75,482 | $9,083,139 | $0 | $9,083,139 |
| December 31, 2024 | 990-PF | $495,683 | $676,425 | -$180,742 | $8,355,148 | $0 | $8,355,148 |
| December 31, 2023 | 990-PF | $498,094 | $839,055 | -$340,961 | $8,239,789 | $0 | $8,239,789 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $266,076
- Net gain from sales of assets
- $433,917
Expenses
- Grants and similar amounts paid
- $550,000
- Compensation of officers, directors and key employees
- $3,000
- Disbursements for charitable purposes
- $594,446
- Excise tax on investment income
- $9,408
Balance sheet and other
- Total assets, start of year
- $8,355,148
- Total assets, end of year
- $9,083,139
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,083,139
- Fair market value of assets
- $9,083,139
- Qualifying distributions
- $594,446
- Net investment income
- $699,993
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 |
|---|---|---|---|
| JULIA BAUMGAERTNER 1366 35TH AVENUE, SAN FRANCISCO, CA 94122 | SECRETARY | 2 | $3,000 |
| PAULETTE SIMPSON 402 ALASKA BELLE CT, DOUGLAS, AK 99824 | PRESIDENT | 2 | $0 |
| KEVIN SIMPSON 2437 JEFFERSON AVE, NEW ORLEANS, LA 70115 | TREASURER | 1 | $0 |
| ELISE MAGISTRO 404 MACALESTER PL, CLAREMONT, CA 91711 | DIRECTOR | 1 | $0 |
| MARIA MAGISTRO-SHERRY 217 WANAMAKER LANE, NYACK, NY 10960 | DIRECTOR | 1 | $0 |
| IAN SIMPSON 1733 2ND ST, DOUGLAS, AK 99824 | DIRECTOR | 1 | $0 |
| MICHAEL BAUMGAERTNER 429 3RD ST APT 1A, BROOKLYN, NY 11215 | DIRECTOR | 1 | $0 |
| ERICA SIMPSON 113 5TH ST, DOUGLAS, AK 99824 | DIRECTOR | 1 | $0 |
| GABRIEL BAUMGAERTNER 1880 COLUMBIA RD NW 402, WASHINGTON, DC 20009 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA BAUMGAERTNER PO BOX 640253, SAN FRANCISCO, CA 94164 | SECRETARY | 2 | $3,000 |
| PAULETTE SIMPSON 402 ALASKA BELLE CT, DOUGLAS, AK 99824 | PRESIDENT | 2 | $0 |
| KEVIN SIMPSON 927 VALENCE ST, NEW ORLEANS, LA 70115 | TREASURER | 1 | $0 |
| ELISE MAGISTRO 404 MACALESTER PL, CLAREMONT, CA 91711 | DIRECTOR | 0 | $0 |
| MARIA MAGISTRO-SHERRY 217 WANAMAKER LANE, NYACK, NY 10960 | DIRECTOR | 0 | $0 |
| IAN SIMPSON 1733 2ND ST, DOUGLAS, AK 99824 | DIRECTOR | 0 | $0 |
| MICHAEL BAUMGAERTNER 429 3RD ST APT 1A, BROOKLYN, NY 11215 | DIRECTOR | 0 | $0 |
| ERICA SIMPSON 113 5TH ST, DOUGLAS, AK 99824 | DIRECTOR | 0 | $0 |
| GABRIEL BAUMGAERTNER 11 IRVING PL 3R, BROOKLYN, NY 11238 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA BAUMGAERTNER PO BOX 640253, SAN FRANCISCO, CA 94164 | SECRETARY | 2 | $2,500 |
| PAULETTE SIMPSON 402 ALASKA BELLE CT, DOUGLAS, AK 99824 | PRESIDENT | 2 | $0 |
| KEVIN SIMPSON 927 VALENCE ST, NEW ORLEANS, LA 70115 | TREASURER | 1 | $0 |
| ELISE MAGISTRO 404 MACALESTER PL, CLAREMONT, CA 91711 | DIRECTOR | 0 | $0 |
| MARIA MAGISTRO-SHERRY 217 WANAMAKER LANE, NYACK, NY 10960 | DIRECTOR | 0 | $0 |
| IAN SIMPSON 1733 2ND ST, DOUGLAS, AK 99824 | DIRECTOR | 0 | $0 |
| MICHAEL BAUMGAERTNER 429 3RD ST APT 1A, BROOKLYN, NY 11215 | DIRECTOR | 0 | $0 |
| ERICA SIMPSON 113 5TH ST, DOUGLAS, AK 99824 | DIRECTOR | 0 | $0 |
| GABRIEL BAUMGAERTNER 11 IRVING PL 3R, BROOKLYN, NY 11238 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1532, PENNINGTON, NJ 08534-0691
- Signed the 990-PF
- PAULETTE M SIMPSON, DIRECTOR
- Phone
- (888) 866-3275
- Return prepared by
- BANK OF AMERICA
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
- 68-0527894
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $9,083,139
- Income (IRS master file)
- $3,467,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $699,993 | $624,511 | $9,083,139 | IRS |
| 990-PF | December 2024 | $495,683 | $676,425 | $8,355,148 | XML |
| 990-PF | December 2023 | $498,094 | $839,055 | $8,239,789 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 68-0527894).
Questions about MAGISTRO FOUNDATION INC
- What is the EIN of MAGISTRO FOUNDATION INC?
- The employer identification number (EIN) of MAGISTRO FOUNDATION INC is 68-0527894.
- Is MAGISTRO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MAGISTRO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGISTRO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGISTRO FOUNDATION 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 MAGISTRO FOUNDATION INC 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 MAGISTRO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $3,000 (JULIA BAUMGAERTNER, SECRETARY).
- How much revenue does MAGISTRO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $699,993, expenses of $624,511 and total assets of $9,083,139 at year end.
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