Nonprofit · EIN 83-2889496
PETER MAGNONE FOUNDATION
Tax-exempt · FORT LEE, NJ 07024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $550,691 | $65,769 | $484,922 | $1,372,431 | $0 | $1,372,431 |
| December 31, 2024 | 990-PF | $309,045 | $248,235 | $60,810 | $887,509 | $0 | $887,509 |
| December 31, 2023 | 990-PF | $143,510 | $3,715 | $139,795 | $826,699 | $0 | $826,699 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $545,000
- Interest
- $5,691
Expenses
- Grants and similar amounts paid
- $65,100
- Disbursements for charitable purposes
- $65,100
- Excise tax on investment income
- $73
Balance sheet and other
- Total assets, start of year
- $887,509
- Total assets, end of year
- $1,372,431
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,372,431
- Fair market value of assets
- $1,372,431
- Qualifying distributions
- $65,100
- Net investment income
- $5,691
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 |
|---|---|---|---|
| SOPHIA MAGNONE 1034 EDGEWOOD LANE, FORT LEE, NJ 07024 | PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOPHIA MAGNONE 1034 EDGEWOOD LANE, FORT LEE, NJ 07024 | PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOPHIA MAGNONE 1034 EDGEWOOD LANE, FORT LEE, NJ 07024 | PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1034 EDGEWOOD LN, FORT LEE, NJ 07024-4223
- In care of
- % SAPHIA MAGNONE
- Signed the 990-PF
- SOPHIA MAGNONE, PRESIDENT
- Phone
- (201) 741-4142
- Return prepared by
- SEJONG LLP
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
- 83-2889496
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,372,431
- Income (IRS master file)
- $550,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $550,691 | $65,769 | $1,372,431 | IRS |
| 990-PF | December 2024 | $309,045 | $248,235 | $887,509 | IRS |
| 990-PF | December 2023 | $143,510 | $3,715 | $826,699 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 83-2889496).
Questions about PETER MAGNONE FOUNDATION
- What is the EIN of PETER MAGNONE FOUNDATION?
- The employer identification number (EIN) of PETER MAGNONE FOUNDATION is 83-2889496.
- Is PETER MAGNONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to PETER MAGNONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PETER MAGNONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PETER MAGNONE 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 PETER MAGNONE 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 PETER MAGNONE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does PETER MAGNONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $550,691, expenses of $65,769 and total assets of $1,372,431 at year end.
Other nonprofits in FORT LEE
- CROSS RIVER COMMUNITY FOUNDATION EIN 88-1435891 · last filed 990-PF for 2024
- THE DANIEL E AND JOYCE G STRAUS FAMILY FOUNDATION EIN 13-3913231 · last filed 990-PF for 2025
- WILLIAM AND PHYLLIS MACK FAMILY FOUNDATION INC EIN 22-3512719 · last filed 990-PF for 2024
- DAVID & SONDRA FAMILY FOUNDATION INC EIN 22-3632663 · last filed 990-PF for 2024
- SOUTHPOLE FOUNDATION INC EIN 20-0471235 · last filed 990-PF for 2025
- BLUE GUITAR FOUNDATION EIN 46-1630463 · last filed 990-PF for 2025
- NARROW WAY WORLD MISSION INC EIN 11-3325506 · last filed 990-PF for 2025
- FREDRIC MACK FAMILY FOUNDATION INC EIN 91-2004417 · last filed 990-PF for 2024
All nonprofits in FORT LEE · New Jersey · Philanthropy, voluntarism and grantmaking foundations