Nonprofit · EIN 72-6025096
MAGALE FOUNDATION
Tax-exempt · SHREVEPORT, LA 71101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990-PF | $133,925 | $187,038 | -$53,113 | $2,446,521 | $0 | $2,446,521 |
| November 30, 2024 | 990-PF | $206,266 | $172,734 | $33,532 | $2,498,591 | $0 | $2,498,591 |
| November 30, 2023 | 990-PF | $314,685 | $172,597 | $142,088 | $2,465,894 | $2,360 | $2,463,534 |
Financial details: 990-PF for the year ended November 30, 2025
Revenue
- Dividends
- $78,379
- Net rental income
- $32,524
- Net gain from sales of assets
- $18,066
- Other income
- $4,956
Expenses
- Grants and similar amounts paid
- $155,000
- Compensation of officers, directors and key employees
- $19,284
- Disbursements for charitable purposes
- $156,425
- Excise tax on investment income
- $1,471
Balance sheet and other
- Total assets, start of year
- $2,498,591
- Total assets, end of year
- $2,446,521
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,446,521
- Fair market value of assets
- $3,565,099
- Qualifying distributions
- $156,425
- Net investment income
- $133,925
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 November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL EPLEY 126 ABBOTTSFORD DRIVE, NASHVILLE, TN 37215 | President | 0 | $0 |
| REESE LEWIS 361 COLUMBIA ROAD 52, WALDO, AR 71770 | Vice President | 0 | $0 |
| CAROLINE WALLER 4 TANGLEWOOD, MAGNOLIA, AR 71753 | Secretary | 0 | $0 |
| WILLIAM WOOD 519 N WASHINGTON, MAGNOLIA, AR 71753 | Treasurer | 0 | $0 |
990-PF for the year ended November 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL EPLEY 126 ABBOTTSFORD DRIVE, NASHVILLE, TN 37215 | President | 0 | $0 |
| REESE LEWIS 361 COLUMBIA ROAD 52, WALDO, AR 71770 | Vice President | 0 | $0 |
| CAROLINE WALLER 4 TANGLEWOOD, MAGNOLIA, AR 71753 | Secretary | 0 | $0 |
| WILLIAM WOOD 519 N WASHINGTON, MAGNOLIA, AR 71753 | Treasurer | 0 | $0 |
990-PF for the year ended November 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL EPLEY 126 ABBOTTSFORD DRIVE, NASHVILLE, TN 37215 | President | 0 | $0 |
| REESE LEWIS 361 COLUMBIA ROAD 52, WALDO, AR 71770 | Vice President | 0 | $0 |
| HOMER F GREER JR 1419 LACARI, MAGNOLIA, AR 71753 | Secretary/Treas | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 TEXAS ST STE 699, SHREVEPORT, LA 71101-3658
- In care of
- % FIRST NATL BK OF SHREVEPORT
- Signed the 990-PF
- MICHAEL EPLEY, President
- Return prepared by
- Burroughs & Burroughs LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990-PF on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 72-6025096
- 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
- 1959
- Accounting year ends
- November
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,446,521
- Income (IRS master file)
- $672,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2025 | $133,925 | $187,038 | $2,446,521 | XML |
| 990-PF | November 2024 | $206,266 | $172,734 | $2,498,591 | XML |
| 990-PF | November 2023 | $314,685 | $172,597 | $2,465,894 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 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 72-6025096).
Questions about MAGALE FOUNDATION
- What is the EIN of MAGALE FOUNDATION?
- The employer identification number (EIN) of MAGALE FOUNDATION is 72-6025096.
- Is MAGALE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to MAGALE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGALE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGALE FOUNDATION due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGALE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2025.
- Who are the officers and directors of MAGALE FOUNDATION?
- The 990-PF for the year ended November 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MAGALE FOUNDATION have?
- On its 990-PF for the year ended November 30, 2025 it reported revenue of $133,925, expenses of $187,038 and total assets of $2,446,521 at year end.
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