Nonprofit · EIN 81-2063837
MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION
Tax-exempt · SEATTLE, WA 98101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990-PF | $343,669 | $131,056 | $212,613 | $1,028,511 | $0 | $1,028,511 |
| March 31, 2025 | 990-PF | $285,405 | $192,136 | $93,269 | $815,898 | $0 | $815,898 |
| March 31, 2024 | 990-PF | $118,275 | $146,194 | -$27,919 | $722,629 | $0 | $722,629 |
Financial details: 990-PF for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $320,000
- Interest
- $23,669
Expenses
- Grants and similar amounts paid
- $127,500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $127,500
- Excise tax on investment income
- $324
Balance sheet and other
- Total assets, start of year
- $815,898
- Total assets, end of year
- $1,028,511
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,028,511
- Fair market value of assets
- $1,028,511
- Qualifying distributions
- $127,500
- Net investment income
- $23,669
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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Klemencic C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | President | 1 | $0 |
| Bill Christopher C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Treasurer | 1 | $0 |
| Robert Baxter C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Matt Jones C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Beatriz Arostegui C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Russell Larson C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
990-PF for the year ended March 31, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Klemencic C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | President | 1 | $0 |
| Bill Christopher C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Treasurer | 1 | $0 |
| Robert Baxter C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Matt Jones C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Beatriz Arostegui C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Russell Larson C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
990-PF for the year ended March 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Klemencic C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | President | 1 | $0 |
| Bill Christopher C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Treasurer | 1 | $0 |
| Robert Baxter C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Abby Van Harpen C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Beatriz Arostegui C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
| Russell Larson C/0 MAGNUSSON KLEMENCIC ASSOCIATES, 1301 FIFTH AVENUE SUITE 3200, SEATTLE, WA 98101 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 5TH AVE STE 3200, SEATTLE, WA 98101-2614
- In care of
- % RON KLEMENCIC
- Signed the 990-PF
- William Christopher, Treasurer
- Phone
- (206) 292-1200
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990-PF on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990-PF on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-2063837
- 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
- 2016
- Accounting year ends
- March
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,028,511
- Income (IRS master file)
- $343,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | March 2026 | $343,669 | $131,056 | $1,028,511 | XML |
| 990-PF | March 2025 | $285,405 | $192,136 | $815,898 | XML |
| 990-PF | March 2024 | $118,275 | $146,194 | $722,629 | XML |
| 990-PF | March 2023 | – | – | – | IRS |
| 990-PF | March 2022 | – | – | – | IRS |
| 990-PF | March 2021 | – | – | – | 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 81-2063837).
Questions about MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION
- What is the EIN of MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION?
- The employer identification number (EIN) of MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION is 81-2063837.
- Is MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended March 2026.
- Who are the officers and directors of MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION?
- The 990-PF for the year ended March 31, 2026 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAGNUSSON KLEMENCIC ASSOCIATES FOUNDATION have?
- On its 990-PF for the year ended March 31, 2026 it reported revenue of $343,669, expenses of $131,056 and total assets of $1,028,511 at year end.
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