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EIN 46-2947580

MAG Mutual Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
Delaware
Year formed
2014
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The MAG Mutual Foundation is a private foundation located in Wilmington, DE that primarily funds general and unrestricted short-term emergency assistance grants, the wvmphp introduction video program, a trailer park ministry in Atlanta, and a scholarship fund for low income individuals. Grantees include The Morehouse School Of Medicine Inc and others. Last year, the foundation made 22 grants.
Total revenues
$1,761,765
2023
Total expenses
$168,903
2023
Total assets
$5,335,064
2023
Num. employees
0
2023

Grants made by MAG Mutual Foundation

GranteeGrant descriptionAmount
Dee Norton Lowcountry Children's CenterCollaborative Community Response To Child Abuse$15,000
Thomas Jefferson University (TJU)Mccorvey-Higginbotham Scholarship Fund$15,000
Healthy Living CommunityIntegrative Mental Health and Community Group Care$15,000
...and 17 more grants made

Personnel at MAG Mutual Foundation

NameTitleCompensation
Nicholas MartowskiTreasurer$0

Financials for MAG Mutual Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,586,759
Investment income and dividends$120,653
Net rental income$0
Net gain from sale of non-inventory assets$54,353
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,761,765

Form 990s for MAG Mutual Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-10990PFView PDF
2022-122023-11-10990PFView PDF
2021-122022-11-03990PFView PDF
2020-122021-05-05990PFView PDF
2019-122021-06-09990PFView PDF
...and 5 more Form 990s
Data update history
January 11, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 11, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 4, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
magmutual.com/ 
Phone
(800) 839-1754
IRS details
EIN
46-2947580
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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