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DEMOGRAPHIC

ADDRESS
53 W JACKSON BLVD STE 260
60604
COUNTY
cook county, IL
IN CARE OF NAME
W JOSEPH COSTELLO

ORGANIZATIONAL OVERVIEW & RANKINGS

MGE FOUNDATION is a based in CHICAGO, IL, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Grantmaking Foundations. Established in November 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $0.00, this ranks 2,488,033 among 2,656,690 nonprofits nationally (Top 94%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 78,943 out of 106,037 organizations in IL (Top 75%).

In cook county, IL, the organization ranks 36,630 out of 46,103 nonprofits by assets (Top 80%), while locally in chicago, it stands at 27,483 among 28,197 organizations (Top 98%).

The organization reported no revenue in the most recent filing period, placing it at 2,212,207 nationally and 97,935 in IL.

Within its specific NTEE classification (T20 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 31,185 similar organizations, MGE FOUNDATION ranks 30,035 in assets (Top 97%) and 27,467 in revenue (Top 89%).

Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .

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

Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;

IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.

Data current as of Apr. 2024
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
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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