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Magic Island Sailing Foundation

  • Honolulu, HI
  • Tax-exempt since Dec. 2012
  • EIN: 45-3206328

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Recreation, Sports, Leisure, Athletics / Swimming, Water Recreation (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6 (2024)

Expenses
$112 (2024)

Total Assets
$26k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2012 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6
Expenses
$112
Net Income
-$106
Net Assets
$26,047
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $26,047
Total Liabilities $0
Net Assets $26,047
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Tanya M Taylor (Director) $0 $0
Jane E Taylor (Vice President) $0 $0
Katherine Taylor (Director) $0 $0
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Document Links

990-PF
Filed on May 2, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,599
Expenses
$1,335
Net Income
$264
Net Assets
$26,153
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,200
75.0%
Interest Revenue $399
25.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,200
89.9%
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 $26,153
Total Liabilities $0
Net Assets $26,153
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Tanya M Taylor (Director) $0 $0
Jane E Taylor (Vice President) $0 $0
Katherine Taylor (Director) $0 $0
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Document Links

990-PF
Filed on May 3, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$2,684
Net Income
-$2,684
Net Assets
$25,889
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,550
95.0%
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 $25,889
Total Liabilities $0
Net Assets $25,889
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Tanya M Taylor (Director) $0 $0
Jane E Taylor (Vice President) $0 $0
Katherine Taylor (Director) $0 $0
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Document Links

990-PF
Filed on May 12, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$175
Net Income
-$175
Net Assets
$28,573
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $28,573
Total Liabilities $0
Net Assets $28,573
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Tanya M Taylor (Director) $0 $0
Jane E Taylor (Vice President) $0 $0
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Document Links

990-PF
Filed on May 31, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$1,925
Net Income
-$1,924
Net Assets
$28,747
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,700
88.3%
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 $28,748
Total Liabilities $1
Net Assets $28,747
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Don Farley (Director) $0 $0
Robert Taylor (Director) $0 $0
Tanya Taylor (Director) $0 $0
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Document Links

990-PF
Filed on May 14, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$8,416
Net Income
-$8,415
Net Assets
$30,672
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,139
96.7%
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 $30,673
Total Liabilities $1
Net Assets $30,672
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russell (Secretary/Treasurer) $0 $0
Don Farley (Director) $0 $0

Document Links

990-PF
Filed on May 11, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$9,269
Expenses
$19,484
Net Income
-$10,215
Net Assets
$56,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,269
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $56,451
Total Liabilities $75
Net Assets $56,376
Compensation
Key Employees and Officers Compensation Other
John Stuart Taylor (President) $0 $0
Lillian Russel (Secretary And Treasurer) $0 $0
Jane Taylor (Director) $0 $0
Don Farley (Director) $0 $0
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Document Links

990-EZ
Filed on Oct. 29, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$3,476
Expenses
$11,318
Net Income
-$7,842
Net Assets
$66,591
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $3,476
100%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $66,666
Total Liabilities $75
Net Assets $66,591

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,520
Expenses
$25,199
Net Income
-$23,679
Net Assets
$74,433
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,520
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,886
Total Liabilities $453
Net Assets $74,433

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,531
Expenses
$22,156
Net Income
$29,375
Net Assets
$98,112
Notable Sources of Revenue Percent of Total Revenue
Contributions $51,531
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $98,112
Total Liabilities $0
Net Assets $98,112

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,500
Expenses
$8,030
Net Income
$42,470
Net Assets
$68,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,500
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,737
Total Liabilities $0
Net Assets $68,737

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,241
Expenses
$974
Net Income
$26,267
Net Assets
$26,267
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,241
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $974
100%
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 $26,267
Total Liabilities $0
Net Assets $26,267

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-PF

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

PDF

About This Data

What Is This Data?

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 »

Get the Data

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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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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