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A J Magnus Home is a private corporation based in MUSCATINE, IA. The foundation received its IRS ruling in 1971. It holds total assets of $568K. Annual income is reported at $98K. Total assets have decreased from $793K in 2010 to $609K in 2022. The foundation is governed by 5 officers and trustees. Welfare assistance-providing pleasant home and nutritional meals for elderly men in city and county of muscatine ia including financial assistance. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, A J Magnus Home has made 9 grants totaling $144K, with a median grant of $13K. The foundation has distributed between $26K and $48K annually from 2020 to 2023. Individual grants have ranged from $10K to $31K, with an average award of $16K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$13K
Average Grant
$16K
Largest Grant
$26K
Based on 3 grants from the most recent 990-PF filing.
Welfare assistance-providing pleasant home and nutritional meals for elderly men in city and county of muscatine ia including financial assistance
Expenses: $109K
Welfare assistance-providing pleasant home and nutritional meals for elderly men in city and county of muscatine ia including financial assistance. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in IA.
A J Magnus Home has distributed a total of $144K across 9 grants. The median grant size is $13K, with an average of $16K. Individual grants have ranged from $10K to $31K.
A J Magnus Home typically selects its grantees rather than accepting unsolicited proposals.
A J Magnus Home is headquartered in MUSCATINE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anne Carroll | TREASURER | $0 | $0 | N/A |
| Mike Hagerty | PRESIDENT | $0 | $0 | N/A |
| Adam Miller | BOARD MEMBER | $0 | $0 | N/A |
| Michael Johannsen | BOARD MEMBER | $0 | $0 | N/A |
| Scott Warren | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$109K
Total Assets
$609K
Fair Market Value
$1.5M
Net Worth
$609K
Grants Paid
$42K
Contributions
N/A
Net Investment Income
$37K
Distribution Amount
$69K
Total: $403K
Total Grants
9
Total Giving
$144K
Average Grant
$16K
Median Grant
$13K
Unique Recipients
3
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| McsaCOVER RESIDENTS INSPECTION FEES | Muscatine, IA | $31K | 2023 |
| Muscatine Senior ResourcesASSIST SENIORS LIVING AT HOME | Muscatine, IA | $12K | 2023 |
| United Way Of MuscatineKIDS FIRST MEAL PACKAGING | Muscatine, IA | $10K | 2020 |