Nonprofit · EIN 81-6187934
ABRAHAM AND SALLY MAGID FAMILY FOUNDATION
Also known as SALLY MAGID TTEE
Tax-exempt · GARDEN CITY, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $615,315 | $498,873 | $116,442 | $731,670 | $200 | $731,470 |
| December 31, 2024 | 990-PF | $338,741 | $233,003 | $105,738 | $936,905 | $200 | $936,705 |
| December 31, 2023 | 990-PF | $277,670 | $124,052 | $153,618 | $941,093 | $200 | $940,893 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $178,348
- Dividends
- $13,551
- Interest
- $1
- Net gain from sales of assets
- $423,415
Expenses
- Grants and similar amounts paid
- $493,680
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $493,680
- Excise tax on investment income
- $5,885
Balance sheet and other
- Total assets, start of year
- $936,905
- Total assets, end of year
- $731,670
- Total liabilities, end of year
- $200
- Net assets, end of year
- $731,470
- Fair market value of assets
- $731,670
- Qualifying distributions
- $493,680
- Net investment income
- $423,415
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 |
|---|---|---|---|
| SALLY MAGID 100 HILTON AVE UNIT 702E, GARDEN CITY, NY 11530 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALLY MAGID 100 HILTON AVE UNIT 702E, GARDEN CITY, NY 11530 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALLY MAGID 100 HILTON AVE UNIT 702E, GARDEN CITY, NY 11530 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 100 HILTON AVE UNIT 702E, GARDEN CITY, NY 11530-1793
- In care of
- % SALLY MAGID
- Signed the 990-PF
- SALLY MAGID, TRUSTEE
- Phone
- (516) 625-0570
- Return prepared by
- S ADELSBERG & CO
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
- 81-6187934
- 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
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $731,670
- Income (IRS master file)
- $745,636
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $615,315 | $498,873 | $731,670 | XML |
| 990-PF | December 2024 | $338,741 | $233,003 | $936,905 | XML |
| 990-PF | December 2023 | $277,670 | $124,052 | $941,093 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 81-6187934).
Questions about ABRAHAM AND SALLY MAGID FAMILY FOUNDATION
- What is the EIN of ABRAHAM AND SALLY MAGID FAMILY FOUNDATION?
- The employer identification number (EIN) of ABRAHAM AND SALLY MAGID FAMILY FOUNDATION is 81-6187934.
- Is ABRAHAM AND SALLY MAGID FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ABRAHAM AND SALLY MAGID FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABRAHAM AND SALLY MAGID FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABRAHAM AND SALLY MAGID FAMILY FOUNDATION 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 ABRAHAM AND SALLY MAGID FAMILY FOUNDATION 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 ABRAHAM AND SALLY MAGID FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does ABRAHAM AND SALLY MAGID FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $615,315, expenses of $498,873 and total assets of $731,670 at year end.
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