Nonprofit · EIN 83-3478471
MAGNUS FOUNDATION
Tax-exempt · POCOPSON, PA 19366
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $1,400 | $6,771 | -$5,371 | $6,745 | $1 | $6,744 |
| December 31, 2024 | 990-EZ | $4,468 | $7,608 | -$3,140 | $12,115 | – | $12,115 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,400
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $350
- Other expenses
- $6,421
- Program services (functional)
- $5,000
Balance sheet and other
- Total assets, start of year
- $12,115
- Total assets, end of year
- $6,745
- Total liabilities, end of year
- $1
- Net assets, end of year
- $6,744
- Cash, savings and investments
- $6,745
- Gross receipts
- $1,400
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Pannulla | Executive Director | 10 | $0 |
| Peter Burch | Board Treasurer | 10 | $0 |
| John Patriarca | Board Vice President | 10 | $0 |
| Paul Ritchie | Board Member | 10 | $0 |
| David Gay | Board President | 10 | $0 |
| Alan Pendlebury | Board Secretary | 10 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Pannulla | Executive Director | 10 | $0 |
| Peter Burch | Board Treasurer | 10 | $0 |
| John Patriarca | Board Vice President | 10 | $0 |
| Paul Ritchie | Board Member | 10 | $0 |
| David Gay | Board President | 10 | $0 |
| Alan Pendlebury | Board Secretary | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 214, POCOPSON, PA 19366-0214
- Signed the 990-EZ
- Jennifer Pannulla, Executive Director
- Phone
- (610) 416-9620
- Return prepared by
- CHRISTOPHER J REILLY
Mission
The Magnus Foundation seeks to provide financial resources to board selected students and employees of Magnus Karate, LLC who aim to enchance their lives through higher education training of their
Program accomplishments
- Higher Education scholarships & karate tuition scholarships.Expenses $5,000 · grants $5,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-3478471
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $6,745
- Income (IRS master file)
- $1,400
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $7,030 | $5,455 | $15,255 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MAGNUS FOUNDATION
- What is the EIN of MAGNUS FOUNDATION?
- The employer identification number (EIN) of MAGNUS FOUNDATION is 83-3478471.
- Is MAGNUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MAGNUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNUS FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MAGNUS 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 MAGNUS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of MAGNUS FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAGNUS FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $1,400, expenses of $6,771 and total assets of $6,745 at year end.
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