Nonprofit · EIN 99-2865230
FRANK AND SHEILA MAGULLION FOUNDATION INC
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,780,899 | $2,001,524 | $6,779,375 | $7,240,967 | $0 | $7,240,967 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,176,149
- Dividends
- $136,215
- Net gain from sales of assets
- $468,535
Expenses
- Grants and similar amounts paid
- $2,000,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,000,000
- Excise tax on investment income
- $8,406
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $7,240,967
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,240,967
- Fair market value of assets
- $7,419,812
- Qualifying distributions
- $2,000,000
- Net investment income
- $604,750
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 |
|---|---|---|---|
| ARNOLD W HUNNEWELL JR 155 GLEN STREET, NATICK, MA 01760 | PRESIDENT | 1 | $0 |
| ARNOLD W HUNNEWELL JR 155 GLEN STREET, NATICK, MA 01760 | TREASURER | 1 | $0 |
| ARNOLD W HUNNEWELL JR 155 GLEN STREET, NATICK, MA 01760 | CLERK | 1 | $0 |
| ARNOLD W HUNNEWELL JR 155 GLEN STREET, NATICK, MA 01760 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 33 BROAD ST STE 600, BOSTON, MA 02109-4238
- In care of
- % ARNOLD W HUNNEWELL JR
- Signed the 990-PF
- ARNOLD W HUNNEWELL JR, TRUSTEE
- Phone
- (617) 523-1691
- Return prepared by
- MARC A ELFMAN ESQ
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 | Check at the IRS |
IRS record
- EIN
- 99-2865230
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $7,240,967
- Income (IRS master file)
- $12,819,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,780,899 | $2,001,524 | $7,240,967 | 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 99-2865230).
Questions about FRANK AND SHEILA MAGULLION FOUNDATION INC
- What is the EIN of FRANK AND SHEILA MAGULLION FOUNDATION INC?
- The employer identification number (EIN) of FRANK AND SHEILA MAGULLION FOUNDATION INC is 99-2865230.
- Is FRANK AND SHEILA MAGULLION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to FRANK AND SHEILA MAGULLION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANK AND SHEILA MAGULLION FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANK AND SHEILA MAGULLION FOUNDATION INC 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 FRANK AND SHEILA MAGULLION FOUNDATION INC 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 FRANK AND SHEILA MAGULLION FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FRANK AND SHEILA MAGULLION FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,780,899, expenses of $2,001,524 and total assets of $7,240,967 at year end.
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