Nonprofit · EIN 85-2623916
MN FOUNDATION INC
Tax-exempt · SETAUKET, NY 11733
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $255,953 | $10,375 | $245,578 | $949,903 | $0 | $949,903 |
| September 30, 2024 | 990 | $263,585 | $22,100 | $241,485 | $715,524 | $11,199 | $704,325 |
| September 30, 2023 | 990 | $268,936 | $9,825 | $259,111 | $472,639 | $9,799 | $462,840 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $230,000
- Program service revenue
- $0
- Investment income
- $25,953
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,620
- Program services (functional)
- $8,755
- Management and general (functional)
- $1,620
Balance sheet and other
- Total assets, start of year
- $715,524
- Total assets, end of year
- $949,903
- Total liabilities, end of year
- $0
- Net assets, end of year
- $949,903
- Publicly traded securities
- $24,508
- Gross receipts
- $255,953
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- NY
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 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AHEMD FAHMY | DIRECTOR Trustee or director, Officer | 0 | $0 |
| MOHAMED HAKIM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| MAGDY SHADY | DIRECTOR Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AHEMD FAHMY | DIRECTOR Trustee or director, Officer | – | $0 |
| MOHAMED HAKIM | DIRECTOR Trustee or director, Officer | – | $0 |
| MAGDY SHADY | DIRECTOR Trustee or director, Officer | – | $0 |
990 for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AHEMD FAHMY | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| MOHAMED HAKIM | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| MAGDY SHADY | DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 13 E GATE LN, SETAUKET, NY 11733-1645
- Mailing address (990-N for 2020)
- 13 E GATE LANE, EAST SETAUKET NY 11733
- Principal officer (990 for 2024)
- MAGDY SHADY, 13 E GATE LANE, EAST SETAUKET, NY 11773
- Principal officer (990-N for 2020)
- MAGDY SHADY, 13 E GATE LANE, EAST SETAUKET NY 11773
- Signed the 990
- MAGDY SHADY, DIRECTOR
- Phone
- (516) 443-7778
- Return prepared by
- CULLEN & DANOWSKI LLP
Mission
THE FOUNDATION'S MISSION IS TO DONATE MEDICAL EQUIPMENT TO HOSPITALS AND MEDICAL PRACTICES LOCATED IN LOW INCOME AREAS WITHIN THE UNITED STATES AND ABROAD.
Program accomplishments
- THE FOUNDATION PROVIDES MEDICAL EQUIPMENT TO HOSPITALS AND MEDICAL PRACTICES LOCATED IN POOR AREAS WITHIN THE UNITED STATES AND ABROAD.Expenses $8,755
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 85-2623916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $949,903
- Income (IRS master file)
- $255,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $255,953 | $10,375 | $949,903 | XML |
| 990 | September 2024 | $263,585 | $22,100 | $715,524 | XML |
| 990 | September 2023 | $268,936 | $9,825 | $472,639 | XML |
| 990 | September 2022 | $200,016 | $11,000 | $214,729 | IRS |
| 990-N for 2020 Officer: MAGDY SHADY | September 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: MAGDY SHADY | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-2623916).
Questions about MN FOUNDATION INC
- What is the EIN of MN FOUNDATION INC?
- The employer identification number (EIN) of MN FOUNDATION INC is 85-2623916.
- Is MN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MN FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MN FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names MAGDY SHADY.
- Who are the officers and directors of MN FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MN FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $255,953, expenses of $10,375 and total assets of $949,903 at year end.
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