Nonprofit · EIN 92-1628639
MAG FAMILY FOUNDATION INC
Tax-exempt · GREENVILLE, SC 29615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $260,357 | $190,506 | $69,851 | $2,618,439 | $0 | $2,618,439 |
| December 31, 2024 | 990-PF | $552,216 | $25,151 | $527,065 | $2,561,346 | $0 | $2,561,346 |
| December 31, 2023 | 990-PF | $10,016 | $6,507 | $3,509 | $3,509 | $0 | $3,509 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $157,105
- Dividends
- $97,196
- Interest
- $6,056
Expenses
- Grants and similar amounts paid
- $164,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $164,500
- Excise tax on investment income
- $1,069
Balance sheet and other
- Total assets, start of year
- $2,561,346
- Total assets, end of year
- $2,618,439
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,618,439
- Fair market value of assets
- $4,449,555
- Qualifying distributions
- $164,500
- Net investment income
- $102,902
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN GOODMAN 107 ROBINHOOD ROAD, ASHEVILLE, NC 28804 | DIRECTOR | 0 | $0 |
| HADLEY G CROPP 46 ARDOYNE RD, ASHEVILLE, NC 28804 | VICE-PRESIDENT | 0 | $0 |
| LOUISA G DAVIS 103 NORMAN PLACE, GREENVILLE, SC 29615 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL GOODMAN 107 ROBINHOOD ROAD, ASHEVILLE, NC 28804 | PRESIDENT (DEC.4/27/2024) | 0 | $0 |
| KAREN GOODMAN 107 ROBINHOOD ROAD, ASHEVILLE, NC 28804 | DIRECTOR | 0 | $0 |
| HADLEY G CROPP 46 ARDOYNE RD, ASHEVILLE, NC 28804 | VICE-PRESIDENT | 0 | $0 |
| LOUISA G DAVIS 103 NORMAN PLACE, GREENVILLE, SC 29615 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL GOODMAN 107 ROBINHOOD ROAD, ASHEVILLE, NC 28804 | PRESIDENT | 0 | $0 |
| KAREN GOODMAN 107 ROBINHOOD ROAD, ASHEVILLE, NC 28804 | VICE-PRESIDENT | 0 | $0 |
| HADLEY G CROPP 46 ARDOYNE RD, ASHEVILLE, NC 28804 | SECRETARY | 0 | $0 |
| LOUISA G DAVIS 103 NORMAN PLACE, GREENVILLE, SC 29615 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 103 NORMAN PL, GREENVILLE, SC 29615-6079
- Signed the 990-PF
- Louisa G Davis, President
- Phone
- (828) 274-1542
- Return prepared by
- AMG National Trust Bank
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 | 990-PF 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
- 92-1628639
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $2,618,439
- Income (IRS master file)
- $280,357
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $260,357 | $190,506 | $2,618,439 | IRS |
| 990-PF | December 2024 | $552,216 | $25,151 | $2,561,346 | XML |
| 990-PF | December 2023 | $10,016 | $6,507 | $3,509 | 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 92-1628639).
Questions about MAG FAMILY FOUNDATION INC
- What is the EIN of MAG FAMILY FOUNDATION INC?
- The employer identification number (EIN) of MAG FAMILY FOUNDATION INC is 92-1628639.
- Is MAG FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MAG FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAG FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAG FAMILY FOUNDATION INC 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 MAG FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MAG FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAG FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $260,357, expenses of $190,506 and total assets of $2,618,439 at year end.
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All nonprofits in GREENVILLE · South Carolina · Philanthropy, voluntarism and grantmaking foundations