Aj Magnus Home
Aj Magnus Home is a private foundation, based in Muscatine, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $539K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $35K.
Aj Magnus Home at a glance
In short: Aj Magnus Home gave $10K across 1 grant in 2025 (avg $10K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,430
- -74.5% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $10,430
- -48.9% vs 2024
- Median grant
- $10,430
- Total assets
- $538,776
- -5.2% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Aj Magnus Home funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Muscatine Senior Resources ($10K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Aj Magnus Home gives
- Giving fell 60% from 2022 to 2025. Method
- In 2025 it paid out 11% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2025) to $48K (2020). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Muscatine Senior Resources Muscatine, IA | S Living at Home | $10,430 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $538,776 | $99,502 | $85,395 | $10,430 | 1 | $10,430 | $35,409 | $95,884 |
| 2024 | $568,044 | $98,144 | $115,808 | $40,858 | 2 | $40,858 | $36,543 | $83,426 |
| 2023 | $608,978 | $95,425 | $108,585 | $42,416 | 2 | $42,416 | $36,525 | $68,700 |
| 2022 | $623,723 | $86,949 | $96,261 | $25,812 | 2 | $25,812 | $30,636 | $62,492 |
| 2021 | $632,824 | $126,949 | $99,097 | $27,862 | 2 | — | $66,040 | $55,099 |
| 2020 | $643,765 | $92,478 | $132,648 | $48,312 | 3 | — | $38,679 | $46,783 |
| 2019 | $669,574 | $81,468 | $127,777 | $41,500 | 3 | — | $31,319 | $50,797 |
Under IRS private-foundation payout rules, Aj Magnus Home reported a distributable amount of $96K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Aj Magnus Home is led by Mike Hagerty, President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mike Hagerty
President
On filings since 2019
0.4 hrs/week
No compensation reported
Anne Carroll
Treasurer
On filings since 2019
0.4 hrs/week
No compensation reported
Michael Johannsen
Board Member
On filings since 2020
0.4 hrs/week
No compensation reported
Scott Warren
Board Member
On filings since 2020
0.4 hrs/week
No compensation reported
Adam Miller
Board Member
On filings since 2022
0.4 hrs/week
No compensation reported
Former officers (1)
- Former: Wayne Shoultz (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Aj Magnus Home
How much does Aj Magnus Home give each year?
Aj Magnus Home gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 2 grants.
How large is Aj Magnus Home?
Aj Magnus Home reported $539K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $96K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Aj Magnus Home operate?
Aj Magnus Home has awarded grants in Iowa.
What is Aj Magnus Home's EIN?
Aj Magnus Home's EIN (Employer Identification Number) is 42-0950682. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2019–2024
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