A J Magnus Home

Muscatine, IA
Tax-exempt since June 1971
EIN: 42-0950682

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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

$98.1k (2024)

Expenses

$116k (2024)

Total Assets

$568k (2024)

Total Liabilities

$0 (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 Oct.
2024

Revenue

$98,144

Expenses

$115,808

Net Income

-$17,664

Net Assets

$568,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$667	0.7%
Dividends	$44,201	45.0%
Sales of Assets	$0
Other Income	$53,276	54.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,858	35.3%
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	$568,044
Total Liabilities	$0
Net Assets	$568,044

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Michael Johannsen (Board Member)	$0	$0
Scott Warren (Board Member)	$0	$0
Adam Miller (Board Member)	$0	$0

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990-PF

Filed on May 28, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Oct.
2023

Revenue

$95,425

Expenses

$108,585

Net Income

-$13,160

Net Assets

$608,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.0%
Dividends	$44,650	46.8%
Sales of Assets	$0
Other Income	$50,750	53.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,416	39.1%
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	$608,978
Total Liabilities	$0
Net Assets	$608,978

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Michael Johannsen (Board Member)	$0	$0
Scott Warren (Board Member)	$0	$0
Adam Miller (Board Member)	$0	$0

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990-PF

Filed on Feb. 8, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2022

Revenue

$86,949

Expenses

$96,261

Net Income

-$9,312

Net Assets

$623,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$39,522	45.5%
Sales of Assets	$0
Other Income	$47,424	54.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,812	26.8%
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	$623,723
Total Liabilities	$0
Net Assets	$623,723

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Michael Johannsen (Board Member)	$0	$0
Scott Warren (Board Member)	$0	$0
Adam Miller (Board Member)	$0	$0

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990-PF

Filed on June 5, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2021

Revenue

$126,949

Expenses

$99,097

Net Income

$27,852

Net Assets

$632,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$35,997	28.4%
Sales of Assets	$40,424	31.8%
Other Income	$50,526	39.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,862	28.1%
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	$632,824
Total Liabilities	$0
Net Assets	$632,824

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Michael Johannsen (Board Member)	$0	$0
Scott Warren (Board Member)	$0	$0

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990-PF

Filed on April 14, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Oct.
2020

Revenue

$92,478

Expenses

$132,648

Net Income

-$40,170

Net Assets

$643,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24	0.0%
Dividends	$33,052	35.7%
Sales of Assets	$12,534	13.6%
Other Income	$46,868	50.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,312	36.4%
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	$643,765
Total Liabilities	$1
Net Assets	$643,764

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Michael Johannsen (Board Member)	$0	$0
Scott Warren (Board Member)	$0	$0

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990-PF

Filed on Jan. 21, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2019

Revenue

$81,468

Expenses

$127,777

Net Income

-$46,309

Net Assets

$669,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$104	0.1%
Dividends	$31,804	39.0%
Sales of Assets	$10,403	12.8%
Other Income	$39,157	48.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,500	32.5%
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	$669,574
Total Liabilities	$1
Net Assets	$669,573

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on Feb. 5, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2018

Revenue

$157,108

Expenses

$144,838

Net Income

$12,270

Net Assets

$697,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$37,800	24.1%
Sales of Assets	$60,906	38.8%
Other Income	$58,390	37.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,741	31.6%
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	$697,643
Total Liabilities	$0
Net Assets	$697,643

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on May 1, 2019

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Oct.
2017

Revenue

$86,898

Expenses

$133,253

Net Income

-$46,355

Net Assets

$677,731

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$34,803	40.1%
Sales of Assets	$0
Other Income	$52,093	59.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,797	48.6%
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	$677,731
Total Liabilities	$0
Net Assets	$677,731

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on Jan. 31, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Oct.
2016

Revenue

$101,887

Expenses

$139,292

Net Income

-$37,405

Net Assets

$579,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$37,300	36.6%
Sales of Assets	$20,446	20.1%
Other Income	$44,129	43.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,030	46.7%
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	$579,953
Total Liabilities	$0
Net Assets	$579,953

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on Feb. 3, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2015

Revenue

$183,168

Expenses

$136,479

Net Income

$46,689

Net Assets

$755,629

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$38,805	21.2%
Sales of Assets	$102,898	56.2%
Other Income	$41,462	22.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,548	44.4%
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	$755,629
Total Liabilities	$0
Net Assets	$755,629

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on Aug. 15, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2014

Revenue

$128,773

Expenses

$155,423

Net Income

-$26,650

Net Assets

$712,424

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,888	29.4%
Sales of Assets	$49,021	38.1%
Other Income	$41,864	32.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,677	48.0%
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	$712,424
Total Liabilities	$0
Net Assets	$712,424

Compensation

Key Employees and Officers	Compensation	Other
Mike Hagerty (President)	$0	$0
Anne Carroll (Treasurer)	$0	$0
Wayne Shoultz (Board Member)	$0	$0

990-PF

Filed on March 7, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2013

Revenue

$117,733

Expenses

$135,900

Net Income

-$18,167

Net Assets

$736,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$33,304	28.3%
Sales of Assets	$38,806	33.0%
Other Income	$45,622	38.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,432	46.7%
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	$736,701
Total Liabilities	$1
Net Assets	$736,700

990-PF

Filed on June 7, 2014

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Oct.
2012

Revenue

$75,423

Expenses

$122,159

Net Income

-$46,736

Net Assets

$746,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$111	0.1%
Dividends	$32,981	43.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,759	11.3%
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	$746,292
Total Liabilities	$1
Net Assets	$746,291

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$94,619

Expenses

$136,652

Net Income

-$42,033

Net Assets

$793,027

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$200	0.2%
Dividends	$31,191	33.0%
Sales of Assets	$15,091	15.9%
Other Income	$48,137	50.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,949	25.6%
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	$793,028
Total Liabilities	$1
Net Assets	$793,027

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated January 26, 2026

A J Magnus Home

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $98.1k (2024)

Expenses $116k (2024)

Total Assets $568k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$98.1k (2024)

Expenses

$116k (2024)

Total Assets

$568k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001