Nonprofit · EIN 81-4984390
LARRY & MILLIE MAGID FAMILY FOUNDATION INC
Tax-exempt · MIAMI, FL 33163
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $364,995 | $634,737 | -$269,742 | $7,339,912 | $0 | $7,339,912 |
| December 31, 2024 | 990-PF | $648,524 | $673,801 | -$25,277 | $7,609,654 | $0 | $7,609,654 |
| December 31, 2023 | 990-PF | $215,777 | $652,554 | -$436,777 | $7,634,931 | $0 | $7,634,931 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $109,572
- Interest
- $10,062
- Net gain from sales of assets
- $243,976
- Other income
- $1,385
Expenses
- Grants and similar amounts paid
- $500,340
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $502,501
Balance sheet and other
- Total assets, start of year
- $7,609,654
- Total assets, end of year
- $7,339,912
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,339,912
- Fair market value of assets
- $9,672,813
- Qualifying distributions
- $502,501
- Net investment income
- $121,019
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 |
|---|---|---|---|
| LAWRENCE MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | PRESIDENT | 5 | $0 |
| MILAGRO MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | TREASURER | 5 | $0 |
| JORDAN MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | SECRETARY | 5 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAWRENCE MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | PRESIDENT | 5 | $0 |
| MILAGRO MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | TREASURER | 5 | $0 |
| JORDAN MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | SECRETARY | 5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAWRENCE MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | PRESIDENT | 5 | $0 |
| MILAGRO MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | TREASURER | 5 | $0 |
| JORDAN MAGID 7000 ISLAND BLVD, AVENTURA, FL 33160 | SECRETARY | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 630008, MIAMI, FL 33163-0008
- In care of
- % LAWRENCE MAGID
- Signed the 990-PF
- LAWREMCE MAGID, PRESIDENT
- Phone
- (516) 946-3562
- Return prepared by
- MORDFIN 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 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
- 81-4984390
- 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)
- $7,339,912
- Income (IRS master file)
- $1,653,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $364,995 | $634,737 | $7,339,912 | XML |
| 990-PF | December 2024 | $648,524 | $673,801 | $7,609,654 | XML |
| 990-PF | December 2023 | $215,777 | $652,554 | $7,634,931 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 81-4984390).
Questions about LARRY & MILLIE MAGID FAMILY FOUNDATION INC
- What is the EIN of LARRY & MILLIE MAGID FAMILY FOUNDATION INC?
- The employer identification number (EIN) of LARRY & MILLIE MAGID FAMILY FOUNDATION INC is 81-4984390.
- Is LARRY & MILLIE MAGID FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to LARRY & MILLIE MAGID FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LARRY & MILLIE MAGID FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LARRY & MILLIE MAGID FAMILY 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 LARRY & MILLIE MAGID FAMILY 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 LARRY & MILLIE MAGID FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LARRY & MILLIE MAGID FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $364,995, expenses of $634,737 and total assets of $7,339,912 at year end.
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