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Filing year 2024

THE PETER MAGNONE FOUNDATION

Fort Lee, New Jersey·EIN 83-2889496·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$309k
Total assets
$888k
Total expenses
$248k
Reported officers
1

Reported officers (all unpaid)

No paid executives reported in 2024. THE PETER MAGNONE FOUNDATION reported 1 unpaid officer or board member on its 990-PF.

President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$248k

Itemized grants

6

Median grant

$38k

RecipientLocationPurposeAmount
IK-JOONG KANG FOUNDATION INCNEW YORK, NYSUPPORT FOR ART PROGRAM$100k
ST RITA'S ROMAN CATHOLIC CHURCHBRONX, NYCHARITABLE CONTRIBUTION$65k
TATE AMERICAS FOUNDATIONNEW YORK, NYSUPPORT FOR ART EXHIBITION$50k
MUSEUM OF CONTEMPORARY ART DENVERDENVER, COSUPPORT FOR ART EXHIBITION$25k
MISSIONARIES OF CHARITYBRONX, NYCHARITABLE CONTRIBUTION$5k
YOUTH COUNCIL OF FORT LEEFORT LEE, NJCONTRIBUTION TO YOUTH COUNCIL$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE PETER MAGNONE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$144k
$4k
2023
$309k
$248k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

THE PETER MAGNONE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about THE PETER MAGNONE FOUNDATION

What are THE PETER MAGNONE FOUNDATION's revenue and expenses?

In 2024, THE PETER MAGNONE FOUNDATION reported $309k in total revenue and $248k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.