EIN 20-3290595

The Magnon Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2005
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Magnon Foundation is a private foundation located in Wilmington, DE that primarily funds general and unrestricted charitable events, including the promotion and aid of the remembrance and interpretation of the region's vast motor sports history through acquisition and preservation. Grantees include Fidelity Investments Charitable Gift Fund and others, with three grants made last year.
Also known as...
Riverside International Automotive Museum
Total revenues
$67,298
2023
Total expenses
$261,591
2023
Total assets
$4,700,685
2023
Num. employees
0
2023

Program areas at The Magnon Foundation

Promote and aid The remembrance and interpretation of The region's
Vast motor sports history through The acquisition, preservation,
Perpetuation, and exhibition for public viewing of rare and historically important vehicles and memorabilla from The inland empire's rich automotive racing history; to foster and support The enrichment and advancement of museums as educational centers, as cultural, aesthetic, and historical significance, and to generally further public understanding and appreciation of The professional and amateur motor sports competition which took place in The inland empire during automotive racing's golden era of The 1950's to The 1970's and its influence on our culture and lives.

Grants made by The Magnon Foundation

GranteeGrant descriptionAmount
Palm Springs International Film SocietyCharitable Event$10,000
Big Brothersbig Big Sisters of Orange County2023 Season Tickets for Los Angeles Angels (In-Kind Grant - See General Explanation)$7,837

Personnel at The Magnon Foundation

NameTitleCompensation
Deanna MagnonTreasurer$0

Financials for The Magnon Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$106,058
Net rental income$0
Net gain from sale of non-inventory assets$-46,190
Gross sales of inventory$0
Miscellaneous revenues$7,430
Total revenues$67,298

Form 990s for The Magnon Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-12990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-14990PFView PDF
2019-122021-03-01990PFView PDF
...and 8 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
August 17, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 7, 2020
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedTax 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
riversideintlautomuseum.org/ 
Phone
(800) 839-1754
IRS details
EIN
20-3290595
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2005
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
127214
FTB Entity ID
2796140
AB 488 data last updated ("as-of") date
2024-12-31
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