Nonprofit · EIN 87-4119819
MAGNUS FOUNDATION
Tax-exempt · GRAND RAPIDS, MI 49506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $67,584 | $9,710 | $57,874 | $64,686 | $36 | $64,650 |
| December 31, 2023 | 990-PF | $15,114 | $11,238 | $3,876 | $6,812 | $36 | $6,776 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $66,803
- Interest
- $781
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $8,868
Balance sheet and other
- Total assets, start of year
- $6,812
- Total assets, end of year
- $64,686
- Total liabilities, end of year
- $36
- Net assets, end of year
- $64,650
- Fair market value of assets
- $64,686
- Qualifying distributions
- $8,868
- Net investment income
- $781
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 |
|---|---|---|---|
| VISHAL ARORA 220 LYON ST NW STE 500, GRAND RAPIDS, MI 49503 | PRESIDENT | 5 | $0 |
| ARUNIMA RAI 220 LYON ST NW STE 500, GRAND RAPIDS, MI 49503 | TREASURER &S | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VISHAL ARORA 220 LYON ST NW STE 500, GRAND RAPIDS, MI 49503 | PRESIDENT | 5 | $0 |
| ARUNIMA RAI 220 LYON ST NW STE 500, GRAND RAPIDS, MI 49503 | SECRETARY | 0 | $0 |
| LORI PUNG 220 LYON ST NW STE 500, GRAND RAPIDS, MI 49503 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 941 WEALTHY ST SE, GRAND RAPIDS, MI 49506-1514
- In care of
- % VISHAL ARORA
- Signed the 990-PF
- VISHAL ARORA, PRESIDENT
- Phone
- (646) 790-5838
- Return prepared by
- BLYSTONE & BAILEY CPAS PC
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
- 87-4119819
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $64,686
- Income (IRS master file)
- $67,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $67,584 | $9,710 | $64,686 | IRS |
| 990-PF | December 2023 | $15,114 | $11,238 | $6,812 | XML |
| 990-PF | December 2022 | – | – | – | 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 87-4119819).
Questions about MAGNUS FOUNDATION
- What is the EIN of MAGNUS FOUNDATION?
- The employer identification number (EIN) of MAGNUS FOUNDATION is 87-4119819.
- Is MAGNUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MAGNUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MAGNUS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGNUS 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 MAGNUS 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 MAGNUS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does MAGNUS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $67,584, expenses of $9,710 and total assets of $64,686 at year end.
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- GRAND ACTION FOUNDATION 2 0 EIN 38-3147133 · last filed 990 for 2025
- GRAND RAPIDS COMMUNITY FOUNDATION EIN 38-2877959 · last filed 990 for 2025
- HEART OF WEST MICHIGAN UNITED WAY EIN 38-1360923 · last filed 990 for 2025
- RICHARD AND HELEN DEVOS FOUNDATION EIN 45-6659303 · last filed 990-PF for 2024
- DEVOS FAMILY FOUNDATION EIN 86-1509286 · last filed 990-PF for 2024
- GII CHARITIES EIN 90-0098975 · last filed 990-PF for 2025
All nonprofits in GRAND RAPIDS · Michigan · Philanthropy, voluntarism and grantmaking foundations