Nonprofit · EIN 88-3786779
PAUL MAGNUS FOUNDATION INC
Tax-exempt · FULTON, MD 20759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-EZ | $83,741 | $112,257 | -$28,516 | $35,346 | – | $35,346 |
| July 31, 2023 | 990-EZ | $72,041 | $29,471 | $42,570 | $42,570 | – | $42,570 |
Financial details: 990-EZ for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $31,606
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $51,639
- Net income from sales of inventory
- $496
Expenses
- Grants and similar amounts paid
- $108,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,670
- Printing, publications and postage
- $1,361
- Other expenses
- $226
- Program services (functional)
- $108,000
Balance sheet and other
- Total assets, start of year
- $63,862
- Total assets, end of year
- $35,346
- Total liabilities, end of year
- –
- Net assets, end of year
- $35,346
- Cash, savings and investments
- $35,346
- Gross receipts
- $95,085
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicholas Anderson | Owner | 10 | $0 |
| Stephanie Anderson | Owner | 10 | $0 |
990-EZ for the year ended July 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicholas Anderson | Owner | 10 | $0 |
| Stephanie Anderson | Owner | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 8953 TAWES ST, FULTON, MD 20759-2604
- In care of
- % NICHOLAS ANDERSON
- Signed the 990-EZ
- Nicholas Anderson, Owner
- Phone
- (443) 745-0820
- Return prepared by
- Asset Account Group LLC
Mission
Honors the life of Paul Magnus Anderson through charitable efforts and community events, supporting cardiac patient and family support, medical research and education.
Program accomplishments
- $2,000 Family Support Grant Awards for 28 individuals.Expenses $108,000 · grants $108,000
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-EZ on file |
| 2023 | July 31, 2024 | December 16, 2024 | Check at the IRS |
IRS record
- EIN
- 88-3786779
- 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
- 2022
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E86)
- Assets (IRS master file)
- $35,346
- Income (IRS master file)
- $95,085
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | July 2025 | $83,741 | $112,257 | $35,346 | XML |
| 990-EZ | July 2023 | $72,041 | $29,471 | $42,570 | XML |
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 88-3786779).
Questions about PAUL MAGNUS FOUNDATION INC
- What is the EIN of PAUL MAGNUS FOUNDATION INC?
- The employer identification number (EIN) of PAUL MAGNUS FOUNDATION INC is 88-3786779.
- Is PAUL MAGNUS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PAUL MAGNUS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAUL MAGNUS 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 PAUL MAGNUS FOUNDATION INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAUL MAGNUS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended July 2025.
- Who are the officers and directors of PAUL MAGNUS FOUNDATION INC?
- The 990-EZ for the year ended July 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does PAUL MAGNUS FOUNDATION INC have?
- On its 990-EZ for the year ended July 31, 2025 it reported revenue of $83,741, expenses of $112,257 and total assets of $35,346 at year end.
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