Magowan Family Foundation Inc

Mount Kisco, NY
Tax-exempt since Oct. 1959
EIN: 13-6085999

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$157k (2024)

Expenses

$116k (2024)

Total Assets

$1.03M (2024)

Total Liabilities

$5k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$156,711

Expenses

$115,714

Net Income

$40,997

Net Assets

$1,024,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,494	11.8%
Sales of Assets	$138,217	88.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,350	85.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,029,567
Total Liabilities	$5,000
Net Assets	$1,024,567

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$41,908

Expenses

$124,293

Net Income

-$82,385

Net Assets

$983,570

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,178	52.9%
Sales of Assets	$19,730	47.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,111	91.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$988,570
Total Liabilities	$5,000
Net Assets	$983,570

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$21,280

Expenses

$81,270

Net Income

-$102,550

Net Assets

$1,065,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$121
Dividends	$27,133
Sales of Assets	-$48,534
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,325	86.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,070,975
Total Liabilities	$5,000
Net Assets	$1,065,975

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$77,419

Expenses

$102,892

Net Income

-$25,473

Net Assets

$1,168,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$833	1.1%
Dividends	$20,002	25.8%
Sales of Assets	$56,584	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,166	86.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,173,525
Total Liabilities	$5,000
Net Assets	$1,168,525

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on May 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$62,147

Expenses

$85,129

Net Income

-$22,982

Net Assets

$1,193,997

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$140	0.2%
Dividends	$6,887	11.1%
Sales of Assets	$55,120	88.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,088	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,193,998
Total Liabilities	$1
Net Assets	$1,193,997

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$57,349

Expenses

$112,566

Net Income

-$55,217

Net Assets

$1,216,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$166	0.3%
Dividends	$16,939	29.5%
Sales of Assets	$40,244	70.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,400	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,216,980
Total Liabilities	$1
Net Assets	$1,216,979

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on June 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$105,931

Expenses

$125,715

Net Income

-$19,784

Net Assets

$1,272,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,231	47.4%
Interest Revenue	$101	0.1%
Dividends	$16,463	15.5%
Sales of Assets	$39,136	36.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,704	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,272,197
Total Liabilities	$0
Net Assets	$1,272,197

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$53,684

Expenses

$116,490

Net Income

-$62,806

Net Assets

$1,291,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,844	3.4%
Dividends	$16,606	30.9%
Sales of Assets	$35,234	65.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,128	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,291,981
Total Liabilities	$0
Net Assets	$1,291,981

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on May 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

-$30,773

Expenses

$33,457

Net Income

-$64,230

Net Assets

$1,354,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$96
Dividends	$0
Sales of Assets	-$30,869
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,209	87.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,354,787
Total Liabilities	$0
Net Assets	$1,354,787

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$438,616

Expenses

$148,375

Net Income

$290,241

Net Assets

$1,419,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,434	0.3%
Dividends	$23,697	5.4%
Sales of Assets	$413,452	94.3%
Other Income	$33	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,544	80.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,419,017
Total Liabilities	$0
Net Assets	$1,419,017

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$71,317

Expenses

$152,591

Net Income

-$81,274

Net Assets

$1,764,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,312	25.7%
Dividends	$18,031	25.3%
Sales of Assets	$34,971	49.0%
Other Income	$3	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,384	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,764,455
Total Liabilities	$0
Net Assets	$1,764,455

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Oct. 26, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$24,589

Expenses

$112,692

Net Income

-$88,103

Net Assets

$1,766,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$624	2.5%
Dividends	$57,093	> 100%
Sales of Assets	-$33,452
Other Income	$324	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,720	77.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,766,083
Total Liabilities	$0
Net Assets	$1,766,083

Compensation

Key Employees and Officers	Compensation	Other
Mark Magowan (President)	$0	$0
Nina Magowan (Vice President Finance)	$0	$0
Olivia Magowan (Treasurer)	$0	$0

990-PF

Filed on Sept. 19, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$159,995

Expenses

$123,844

Net Income

$36,151

Net Assets

$1,571,771

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$876	0.5%
Dividends	$15,698	9.8%
Sales of Assets	$139,732	87.3%
Other Income	$3,689	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,339	80.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,571,771
Total Liabilities	$0
Net Assets	$1,571,771

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$139,069

Expenses

$140,442

Net Income

-$1,373

Net Assets

$1,472,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,229	1.6%
Dividends	$18,873	13.6%
Sales of Assets	$117,438	84.4%
Other Income	$529	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,570	74.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,472,880
Total Liabilities	$0
Net Assets	$1,472,880

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Magowan Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $157k (2024)

Expenses $116k (2024)

Total Assets $1.03M (2024)

Total Liabilities $5k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$157k (2024)

Expenses

$116k (2024)

Total Assets

$1.03M (2024)

Total Liabilities

$5k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001