Nonprofit · EIN 87-0416929
MAGNET INC
Also known as MAGNET
Tax-exempt · PITTSBURGH, PA 15202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $781,315 | $776,820 | $4,495 | $959,432 | $512,361 | $447,071 |
| December 31, 2024 | 990 | $668,677 | $605,710 | $62,967 | $912,321 | $469,743 | $442,578 |
| December 31, 2023 | 990 | $427,773 | $325,652 | $102,121 | $818,232 | $438,625 | $379,607 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $768,017
- Membership dues
- $289,414
- Program service revenue
- $0
- Investment income
- $13,298
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,004
- Other salaries and wages
- $182,375
- Salaries, compensation and benefits (total)
- $274,336
- Professional fundraising fees
- $0
- Accounting fees
- $18,800
- Occupancy
- $7,999
- Travel
- $3,866
- Program services (functional)
- $341,585
- Management and general (functional)
- $435,235
Balance sheet and other
- Total assets, start of year
- $912,321
- Total assets, end of year
- $959,432
- Total liabilities, end of year
- $512,361
- Net assets, end of year
- $447,071
- Gross receipts
- $781,315
- Employees
- 1
- Year formed
- 2000
- State of legal domicile
- UT
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA KING | DIRECTOR OF OPERATIONS Trustee or director, Officer, Key employee | 0 | $0 |
| MELISSA LENTZ | CEO Officer | 0 | $0 |
| SCOTT FOREMAN | DIRECTOR Officer | 0 | $0 |
| JOSH OKUN | DIRECTOR Officer | 0 | $0 |
| RHONDA RIES | DIRECTOR Officer | 0 | $0 |
| RACHEL GAGE | DIRECTOR Officer | 0 | $0 |
| SAM LITTLEFIELD | CHAIRMAN Officer | 0 | $0 |
| JOSH PERLSTEIN | DIRECTOR Officer | 0 | $0 |
| KATIE FLYNN | DIRECTOR Officer | 0 | $0 |
| MINDY STOMP | DIRECTOR Officer | 0 | $0 |
| FEDERICO S ROLAND | DIRECTOR Officer | 0 | $0 |
| CHRIS JOHNSON | DIRECTOR Officer | 0 | $0 |
| KEN SCHAEFER | DIRECTOR Officer | 0 | $0 |
| BRAM VAN DAMME | DIRECTOR Officer | 0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA LENTZ | CEO Officer | 0 | $166,775 |
| MELISSA KING | DIRECTOR OF OPERATIONS Trustee or director, Key employee | 0 | $80,000 |
| SCOTT FOREMAN | DIRECTOR Officer | 0 | $0 |
| JOSH OKUN | DIRECTOR Officer | 0 | $0 |
| RHONDA RIES | DIRECTOR Officer | 0 | $0 |
| RACHEL GAGE | DIRECTOR Officer | 0 | $0 |
| SAM LITTLEFIELD | CHAIRMAN Officer | 0 | $0 |
| JOSH PERLSTEIN | DIRECTOR Officer | 0 | $0 |
| KATIE FLYNN | DIRECTOR Officer | 0 | $0 |
| MINDY STOMP | DIRECTOR Officer | 0 | $0 |
| BRAM VAN DAMME | DIRECTOR Officer | 0 | $0 |
| FEDERICO S ROLAND | DIRECTOR Officer | 0 | $0 |
| CHRIS JOHNSON | DIRECTOR Officer | 0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA LENTZ | CEO Officer | 20 | $161,775 |
| MELISSA KING | DIRECTOR OF OPERATIONS Trustee or director | 40 | $71,000 |
| SCOTT FOREMAN | CHAIRMAN Officer | 0 | $0 |
| JOSH OKUN | DIRECTOR Officer | 0 | $0 |
| RHONDA RIES | DIRECTOR Officer | 0 | $0 |
| RACHEL GAGE | DIRECTOR Officer | 0 | $0 |
| SAM LITTLEFIELD | DIRECTOR Officer | 0 | $0 |
| JOSH PERLSTEIN | DIRECTOR Officer | 0 | $0 |
| KATIE FLYNN | DIRECTOR Officer | 0 | $0 |
| MINDY STOMP | DIRECTOR Officer | 0 | $0 |
| BRAM VAN DAMME | DIRECTOR Officer | 0 | $0 |
| FEDERICO SOTO ROLAND | DIRECTOR Officer | 0 | $0 |
| CHRIS JOHNSON | DIRECTOR Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 226 ROSTREVOR PL, PITTSBURGH, PA 15202-1920
- In care of
- % SAM LITTLEFIELD
- Principal officer (990 for 2025)
- SAM LITTLEFIELD, 226 ROSTREVOR PLACE, Pittsburgh, PA 15202
- Signed the 990
- SAM LITTLEFIELD, CHAIRMAN
- Phone
- (412) 480-2060
- Website
- WWW.MAGNETGLOBAL.ORG
- Return prepared by
- Balancing Act Small Bus Svcs LLC
Mission
MAGNETS MISSION IS TO ENABLE ITS INDEPENDENT MEMBERS TO BECOME BETTER ADVERTISING EXPERTS THROUGH INTERACTIVE DISSEMINATION OF NEW IDEAS, NEW PROCEDURES, AND NEW METHODS OF PRACTICING THEIR TRADES.
Program accomplishments
- SUMMIT EDUCATING MEMBERS RE: EVOLVING CLIENT MINDSET, OPERATIONAL EFFECTIVENESS & INDUSTRY INNOVATIONS.Expenses $341,585
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0416929
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $959,432
- Income (IRS master file)
- $781,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $781,315 | $776,820 | $959,432 | IRS |
| 990 | December 2024 | $668,677 | $605,710 | $912,321 | IRS |
| 990 | December 2023 | $427,773 | $325,652 | $818,232 | XML |
| 990 | December 2022 | $413,819 | $299,436 | $725,592 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 87-0416929).
Questions about MAGNET INC
- What is the EIN of MAGNET INC?
- The employer identification number (EIN) of MAGNET INC is 87-0416929.
- Is MAGNET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to MAGNET INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAGNET INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAGNET 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 MAGNET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAGNET INC?
- The 990 for the year ended December 31, 2025 names SAM LITTLEFIELD.
- Who are the officers and directors of MAGNET INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does MAGNET INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $781,315, expenses of $776,820 and total assets of $959,432 at year end.
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