Nonprofit · EIN 85-4015248
MAGPIE FOUNDATION
Tax-exempt · NEWTOWN, PA 18940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$48,166 | $17,050 | -$65,216 | $328,015 | $0 | $328,015 |
| December 31, 2023 | 990-PF | $20,295 | $23,361 | -$3,066 | $394,711 | $0 | $394,711 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $10,313
- Interest
- $250
- Net gain from sales of assets
- -$58,729
Expenses
- Grants and similar amounts paid
- $16,500
- Disbursements for charitable purposes
- $16,500
- Excise tax on investment income
- $117
Balance sheet and other
- Total assets, start of year
- $394,711
- Total assets, end of year
- $328,015
- Total liabilities, end of year
- $0
- Net assets, end of year
- $328,015
- Fair market value of assets
- $473,761
- Qualifying distributions
- $16,500
- Net investment income
- $10,563
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDER COHEN 756 WORTHINGTON MILL RD, NEWTOWN, PA 18940 | Trustee | 10 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDER COHEN 756 WORTHINGTON MILL RD, NEWTOWN, PA 18940 | Trustee | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 756 WORTHINGTON MILL RD, NEWTOWN, PA 18940-9650
- In care of
- % ALEXANDER COHEN
- Signed the 990-PF
- Alex Cohe COHENn, President
- Phone
- (215) 603-6573
- Return prepared by
- Clear Solutions Tax and Accounting
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 | Not 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
- 85-4015248
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $328,015
- Income (IRS master file)
- $22,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | -$48,166 | $17,050 | $328,015 | XML |
| 990-PF | December 2023 | $20,295 | $23,361 | $394,711 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 85-4015248).
Questions about MAGPIE FOUNDATION
- What is the EIN of MAGPIE FOUNDATION?
- The employer identification number (EIN) of MAGPIE FOUNDATION is 85-4015248.
- Is MAGPIE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MAGPIE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGPIE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGPIE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGPIE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MAGPIE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does MAGPIE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$48,166, expenses of $17,050 and total assets of $328,015 at year end.
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