Nonprofit · EIN 47-0816746
MAGC FOUNDATION
Tax-exempt · GLENWOOD, IA 51534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,614 | $11,209 | -$7,595 | $80,857 | $0 | $80,857 |
| December 31, 2024 | 990-PF | $23,937 | $10,486 | $13,451 | $88,452 | $0 | $88,452 |
| December 31, 2023 | 990-PF | $3,753 | $10,585 | -$6,832 | $75,001 | $0 | $75,001 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $4,122
- Net gain from sales of assets
- -$508
Expenses
- Grants and similar amounts paid
- $8,576
- Disbursements for charitable purposes
- $8,576
- Excise tax on investment income
- $21
Balance sheet and other
- Total assets, start of year
- $88,452
- Total assets, end of year
- $80,857
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,857
- Fair market value of assets
- $212,451
- Qualifying distributions
- $8,576
- Net investment income
- $4,122
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 |
|---|---|---|---|
| Charlotte A Skallerup 22102 Goode Avenue, Glenwood, IA 51534 | PRS/CHMN/DIR | 0.25 | $0 |
| JOHN G SKALLERUP 2211 EAST STATE, ALGONA, IA 50511 | VICE CHMN/DIR | 0 | $0 |
| REBECCA SKALLERUP GROSS 1304 COTTONWOOD VALLEY CIR S, IRVING, TX 75038 | Director | 0 | $0 |
| KATHRYN SKALLERUP DEAN 56082 221ST ST, GLENWOOD, IA 51534 | SEC/TREAS/DIR | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charlotte A Skallerup 22102 Goode Avenue, Glenwood, IA 51534 | PRS/CHMN/DIR | 0.25 | $0 |
| JOHN G SKALLERUP 2211 EAST STATE, ALGONA, IA 50511 | VICE CHMN/DIR | 0 | $0 |
| REBECCA SKALLERUP GROSS 1304 COTTONWOOD VALLEY CIR S, IRVING, TX 75038 | Director | 0 | $0 |
| KATHRYN SKALLERUP DEAN 56082 221ST ST, GLENWOOD, IA 51534 | SEC/TREAS/DIR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charlotte A Skallerup 22102 Goode Avenue, Glenwood, IA 51534 | PRS/CHMN/DIR | 0.25 | $0 |
| JOHN G SKALLERUP 2211 EAST STATE, ALGONA, IA 50511 | VICE CHMN/DIR | 0 | $0 |
| REBECCA SKALLERUP GROSS 1304 COTTONWOOD VALLEY CIR S, IRVING, TX 75038 | Director | 0 | $0 |
| KATHRYN SKALLERUP DEAN 56082 221ST ST, GLENWOOD, IA 51534 | SEC/TREAS/DIR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 22102 GOODE AVE, GLENWOOD, IA 51534-6324
- In care of
- % GLENN M SKALLERUP
- Signed the 990-PF
- CHARLOTTE A SKALLERUP, PRS/CHMN/DIR
- Phone
- (712) 527-3884
- Return prepared by
- McMillen Dovali CO 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 | 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
- 47-0816746
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $80,857
- Income (IRS master file)
- $4,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,614 | $11,209 | $80,857 | IRS |
| 990-PF | December 2024 | $23,937 | $10,486 | $88,452 | XML |
| 990-PF | December 2023 | $3,753 | $10,585 | $75,001 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 47-0816746).
Questions about MAGC FOUNDATION
- What is the EIN of MAGC FOUNDATION?
- The employer identification number (EIN) of MAGC FOUNDATION is 47-0816746.
- Is MAGC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MAGC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAGC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGC FOUNDATION 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 MAGC FOUNDATION 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 MAGC FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MAGC FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,614, expenses of $11,209 and total assets of $80,857 at year end.
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