Nonprofit · EIN 82-0524027
RICK AND AMY MAGNUSON FOUNDATION INC
Tax-exempt · WALLACE, ID 83873
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $9,771 | $24,946 | -$15,175 | $80,151 | $0 | $80,151 |
| December 31, 2024 | 990-PF | $8,440 | $15,400 | -$6,960 | $95,326 | $0 | $95,326 |
| December 31, 2023 | 990-PF | $1,186 | $10,453 | -$9,267 | $102,934 | $0 | $102,934 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $4,690
- Interest
- $4
- Net gain from sales of assets
- $5,077
Expenses
- Grants and similar amounts paid
- $23,500
- Disbursements for charitable purposes
- $24,946
- Excise tax on investment income
- $136
Balance sheet and other
- Total assets, start of year
- $95,326
- Total assets, end of year
- $80,151
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,151
- Fair market value of assets
- $231,044
- Qualifying distributions
- $24,946
- Net investment income
- $9,771
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 |
|---|---|---|---|
| JULIE MAGNUSON 301 CEDAR STREET, WALLACE, ID 83873 | Director | 0 | $0 |
| RICK MAGNUSON 414 THIRD STREET, WALLACE, ID 83873 | President | 0 | $0 |
| AMY MAGNUSON 414 THIRD STREET, WALLACE, ID 83873 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE MAGNUSON 301 CEDAR STREET, WALLACE, ID 83873 | Director | 0 | $0 |
| RICK MAGNUSON 414 THIRD STREET, WALLACE, ID 83873 | President | 0 | $0 |
| AMY MAGNUSON 414 THIRD STREET, WALLACE, ID 83873 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Magnuson 301 Cedar Street, Wallace, ID 83873 | Director | 0 | $0 |
| Rick Magnuson 355 Mariposa Ave, Los Altos, CA 94022 | Pres./Director | 0 | $0 |
| Amy Magnuson 355 Mariposa Ave, Los Altos, CA 94022 | Sec./Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 414 3RD ST, WALLACE, ID 83873-2148
- Signed the 990-PF
- RICK MAGNUSON, President
- Phone
- (650) 941-3382
- Return prepared by
- LITTLE & COMPANY CPAs
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
- 82-0524027
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $80,151
- Income (IRS master file)
- $31,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $9,771 | $24,946 | $80,151 | XML |
| 990-PF | December 2024 | $8,440 | $15,400 | $95,326 | XML |
| 990-PF | December 2023 | $1,186 | $10,453 | $102,934 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 82-0524027).
Questions about RICK AND AMY MAGNUSON FOUNDATION INC
- What is the EIN of RICK AND AMY MAGNUSON FOUNDATION INC?
- The employer identification number (EIN) of RICK AND AMY MAGNUSON FOUNDATION INC is 82-0524027.
- Is RICK AND AMY MAGNUSON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to RICK AND AMY MAGNUSON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RICK AND AMY MAGNUSON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RICK AND AMY MAGNUSON 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 RICK AND AMY MAGNUSON 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 RICK AND AMY MAGNUSON 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 RICK AND AMY MAGNUSON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $9,771, expenses of $24,946 and total assets of $80,151 at year end.
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