Nonprofit · EIN 88-4362911
MAG FOUNDATION USA
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,801,408 | $1,456,211 | $345,197 | $179,958 | $0 | $179,958 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $55,600
- Program service revenue
- $1,750,331
- Investment income
- $1
- Net income from fundraising events
- -$3,426
- Net income from sales of inventory
- -$1,098
- Other revenue
- -$4,524
Expenses
- Grants and similar amounts paid
- $600
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $11,933
- Travel
- $34,553
- Program services (functional)
- $1,456,211
Balance sheet and other
- Total assets, start of year
- $7,755
- Total assets, end of year
- $179,958
- Total liabilities, end of year
- $0
- Net assets, end of year
- $179,958
- Net assets without donor restrictions
- $179,958
- Gross receipts
- $1,815,714
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2022
- State of legal domicile
- AZ
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN MAZEIKA | PRESIDENT AND TREASURER Trustee or director, Officer | 10 | $0 |
| SYQUE CAESAR | VICE PRESIDENT AND SECRETARY Trustee or director, Officer | 10 | $0 |
| MITCH GAYLORD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 MARKET ST STE 2500, PHILADELPHIA, PA 19103-7036
- In care of
- % KU YOO
- Principal officer (990 for 2024)
- KEVIN MAZEIKA, 7188 15TH STREET EAST, SARASOTA, FL 34243
- Signed the 990
- KEVIN MAZEIKA, PRESIDENT
- Phone
- (281) 468-7951
- 990-N for 2025 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Kevin Mazeika, 12800 Briar Forest Drive Apt 52, Houston TX 77077. Mailing address: 2001 Market St Ste 2500, Philidelphia PA 19103.
- Return prepared by
- HILL BARTH & KING LLC
Mission
MAG FOUNDATION USA'S MISSION IS TO PROVIDE SUPPORT TO ASPIRING ATHLETES TO TRAIN AND COMPETE IN NATIONAL, INTERNATIONAL, AND OLYMPIC GAMES COMPETITIONS IN THE SPORT OF GYMNASTICS.
Program accomplishments
- MAG FOUNDATION USA'S SOLE SERVICE IS TO PROVIDE SUPPORT FOR ASPIRING OLYMPIC GYMNASTS. THIS SERVICE COMES IN THE FORM OF TRAINING BY HIGH-LEVEL COACHES. PROVIDING FACILITIES THAT INCLUDES EQUIPMENT; GYMNASTICS APPARATUS AND MATS, STRENGTH AND CONDITIONING, AND RECOVERY MODALITIES. SERVICES ALSO INCLUDE PHYSICAL THERAPY TREATMENTS, UNIFORMS, AND TRAVEL.Expenses $1,456,211 · grants $600 · revenue $1,750,331
What it must file and when
IRS records say it files Form 990. The IRS master file lists the 990-N (e-Postcard), most likely because of 990-Ns filed under this EIN; its own returns are e-filed. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 88-4362911
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990
- Category (NTEE)
- Recreation and sports (N71)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Kevin Mazeika Filed under this EIN, most likely by a chapter or affiliate | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Kevin Mazeika Filed under this EIN, most likely by a chapter or affiliate | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $1,801,408 | $1,456,211 | $179,958 | IRS |
| 990-N for 2023 Officer: Kevin Mazeika Filed under this EIN, most likely by a chapter or affiliate | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-4362911).
Questions about MAG FOUNDATION USA
- What is the EIN of MAG FOUNDATION USA?
- The employer identification number (EIN) of MAG FOUNDATION USA is 88-4362911.
- Is MAG FOUNDATION USA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MAG FOUNDATION USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAG FOUNDATION USA file?
- Form 990. The IRS master file lists the 990-N (e-Postcard), most likely because of 990-Ns filed under this EIN; its own returns are e-filed.
- When is the next return of MAG FOUNDATION USA 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 MAG FOUNDATION USA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAG FOUNDATION USA?
- The 990 for the year ended December 31, 2024 names KEVIN MAZEIKA.
- Who are the officers and directors of MAG FOUNDATION USA?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAG FOUNDATION USA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,801,408, expenses of $1,456,211 and total assets of $179,958 at year end.
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