Overview
What is The Magnus Foundation?
The Magnus Foundation, established recently in December, is a charitable organization that aims to support the educational aspirations of Magnus Karate, LLC's students and employees. By offering financial assistance for higher education, the Foundation empowers individuals to improve their lives. Additionally, The Magnus Foundation has a mission to extend martial arts training opportunities to underprivileged local communities, recognizing the numerous benefits associated with this discipline. In its inaugural year, the Foundation has awarded one scholarship.
Official website here: www.magnusfoundation.org
Is The Magnus Foundation legitimate?
The Magnus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Magnus Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.magnusfoundation.org
What is the mission statement of The Magnus Foundation?
The Magnus Foundation's mission is centered around providing financial aid to selected students and employees of Magnus Karate, LLC, who are seeking to enhance their lives through higher education. The foundation aims to extend martial arts training and its associated benefits to communities that would typically be deprived of such opportunities. In its inaugural year, the foundation awarded one scholarship, but as of now, no accomplishments have been recorded due to its recent establishment, which occurred in December.
Official website here: www.magnusfoundation.org
What is the revenue of The Magnus Foundation?
The Magnus Foundation's revenue in 2024 was $4,468.
Official website here: www.magnusfoundation.org
Who are the executives of The Magnus Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.magnusfoundation.org
Where can I find the form 990EZ for The Magnus Foundation?
The Magnus Foundation's most recent form 990EZ was submitted in 2024 and can be accessed here.
Official website here: www.magnusfoundation.org
Learn more at the official website: www.magnusfoundation.org
Mission Statement of The Magnus Foundation
The Magnus Foundation, in its mission, aims to extend monetary assistance to students and employees associated with Magnus Karate, LLC, who are eager to advance their lives through higher education. The primary objective of this philanthropic organization is to offer martial arts training and its associated advantages to communities that typically lack such opportunities. As of now, being its inaugural year, the Foundation has yet to accomplish any significant achievements. However, during this period, one scholarship has been awarded to a deserving individual.
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Impact
August, 2024
The Magnus Foundation, in its first year of operation, has awarded one scholarship to a deserving student or employee of Magnus Karate, LLC. The Foundation's mission is to provide financial resources to individuals striving to enhance their lives through higher education training. Additionally, the Foundation aims to make martial arts training accessible to communities that may not have had previous access to such opportunities. While the impact to date is limited, the Foundation's focus on education and empowerment shows promise for meaningful contributions in the future.
This information is meant to be a general summary of The Magnus Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $4,468
Assets and Liabilities:
- Total Assets: $13,680
- Total Liabilities: $0
- Net Assets: $13,680
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Organization Details
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