Nonprofit · EIN 81-4527853
MAGNUSSON INSTITUTE
Tax-exempt · RENO, NV 89501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-PF | $1 | $167,025 | -$167,024 | $127,788 | $58,552 | $69,236 |
Financial details: 990-PF for the year ended December 31, 2023
Revenue
- Interest
- $1
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,667
- Salaries, compensation and benefits (total)
- $9,062
- Disbursements for charitable purposes
- $161,372
Balance sheet and other
- Total assets, start of year
- $236,260
- Total assets, end of year
- $127,788
- Total liabilities, end of year
- $58,552
- Net assets, end of year
- $69,236
- Fair market value of assets
- $127,788
- Qualifying distributions
- $161,372
- Net investment income
- $1
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER S MAGNUSSON 1 E LIBERTY STREET 600, RENO, NV 89501 | PRESIDENT | 40 | $3,333 |
| RALPH STRAHAN 1 E LIBERTY STREET 600, RENO, NV 89501 | BOARD MEMBER | 40 | $3,333 |
| DAG SYRRIST 1 E LIBERTY STREET 600, RENO, NV 89501 | BOARD MEMBER | 0.5 | $0 |
| REBECCA GASCA 1 E LIBERTY STREET 600, RENO, NV 89501 | BOARD MEMBER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1 E LIBERTY ST STE 600, RENO, NV 89501-2154
- Signed the 990-PF
- PETER S MAGNUSSON, PRESIDENT
- Phone
- (775) 234-5447
- Return prepared by
- CUPIT MILLIGAN OGDEN & WILLIAMS
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-4527853
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $127,788
- Income (IRS master file)
- $1
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2023 | $1 | $167,025 | $127,788 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 81-4527853).
Questions about MAGNUSSON INSTITUTE
- What is the EIN of MAGNUSSON INSTITUTE?
- The employer identification number (EIN) of MAGNUSSON INSTITUTE is 81-4527853.
- Is MAGNUSSON INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MAGNUSSON INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGNUSSON INSTITUTE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGNUSSON INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNUSSON INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2023.
- Who are the officers and directors of MAGNUSSON INSTITUTE?
- The 990-PF for the year ended December 31, 2023 lists 4 people; 2 received compensation from the organization, the highest $3,333 (PETER S MAGNUSSON, PRESIDENT).
- How much revenue does MAGNUSSON INSTITUTE have?
- On its 990-PF for the year ended December 31, 2023 it reported revenue of $1, expenses of $167,025 and total assets of $127,788 at year end.
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All nonprofits in RENO · Nevada · Philanthropy, voluntarism and grantmaking foundations