MAGNIFI FINANCIAL FOUNDATION
MELROSE,
Minnesota,
56352
EIN: 61-1690771
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
20 4TH AVE SE
56352
COUNTY
stearns county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNIFI FINANCIAL FOUNDATION is a based in MELROSE, MN, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Grantmaking Foundations. Established in July 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $680,413.00, this ranks 256,700 among 2,656,690 nonprofits nationally (Top 10%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 5,695 out of 53,624 organizations in MN (Top 11%).
In stearns county, MN, the organization ranks 117 out of 1,336 nonprofits by assets (Top 9%), while locally in melrose, it stands at 5 among 51 organizations (Top 5%).
The organization reported no revenue in the most recent filing period, placing it at 1,872,127 nationally and 40,397 in MN.
Within its specific NTEE classification (T20 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 31,185 similar organizations, MAGNIFI FINANCIAL FOUNDATION ranks 12,655 in assets (Top 41%) and 10,749 in revenue (Top 35%).
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T20: Private Grantmaking Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$98,724.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
07/2014
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$680,413.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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