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Nonprofit · EIN 60-0000489

JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION

Tax-exempt · GAINESVILLE, GA 30501

Financials

$82K$200K2023$182K$139K2024$213K$294K2025
Revenue Expenses · by fiscal year end
Financials of JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$212,598$293,531-$80,933$1,471,984$0$1,471,984
December 31, 2024990-PF$181,932$139,459$42,473$1,552,917$0$1,552,917
December 31, 2023990-PF$81,999$200,033-$118,034$1,510,444$0$1,510,444
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$100,000
Dividends
$90,126
Interest
$121
Net gain from sales of assets
$22,351

Expenses

Grants and similar amounts paid
$276,428
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$276,428
Excise tax on investment income
$1,565

Balance sheet and other

Total assets, start of year
$1,552,917
Total assets, end of year
$1,471,984
Total liabilities, end of year
$0
Net assets, end of year
$1,471,984
Fair market value of assets
$2,184,992
Qualifying distributions
$276,428
Net investment income
$112,598

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.

NameTitleHours / weekCompensation
JAMES D MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
DIANE S MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BAYA M PRUITT
5370 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BROOKE KALINAUSKAS
5313 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JAMES D MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
DIANE S MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BAYA M PRUITT
5370 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BROOKE KALINAUSKAS
5313 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JAMES D MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
DIANE S MAGNUS
4596 WINDER HIGHWAY, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BAYA M PRUITT
5370 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0
BROOKE KALINAUSKAS
5313 RETREAT DRIVE, FLOWERY BRANCH, GA 30542
TRUSTEE0$0

Address and contacts

Address (IRS master file)
2410 HILTON WAY, GAINESVILLE, GA 30501-6192
In care of
% JAMES D MAGNUS
Signed the 990-PF
JAMES D MAGNUS, MANAGER
Phone
(770) 532-5155
Return prepared by
WL ADVISORS LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
60-0000489
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
2004
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,471,984
Income (IRS master file)
$465,945

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$212,598$293,531$1,471,984XML
990-PFDecember 2024$181,932$139,459$1,552,917IRS
990-PFDecember 2023$81,999$200,033$1,510,444XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 60-0000489).

Questions about JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION

What is the EIN of JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION?
The employer identification number (EIN) of JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION is 60-0000489.
Is JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of JAMES D MAGNUS AND DIANE S MAGNUS 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 JAMES D MAGNUS AND DIANE S MAGNUS 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 JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does JAMES D MAGNUS AND DIANE S MAGNUS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $212,598, expenses of $293,531 and total assets of $1,471,984 at year end.

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