Magic Island Sailing Foundation
Magic Island Sailing Foundation is a private foundation focused on Recreation & Sports, based in Honolulu, HI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $27K in total assets. In 2025, it made $550 in qualifying distributions. Net investment income was $517.
Magic Island Sailing Foundation at a glance
- Total assets
- $26,968
- +3.5% vs 2024
- Revenue (2025)
- $1,517
- +25183.3% vs 2024
- Qualifying distributions (2025)
- $550
- Expenses (2025)
- $596
- +432.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2025 | $26,968 | $1,517 | $596 | $550 | $517 | $1,297 |
| 2024 | $26,047 | $6 | $112 | — | $6 | $1,281 |
| 2023 | $26,153 | $1,599 | $1,335 | $1,200 | $399 | $1,259 |
| 2022 | $25,889 | — | $2,684 | $2,550 | — | $1,291 |
| 2021 | $28,573 | — | $175 | — | — | $1,386 |
| 2020 | $28,748 | — | $1,925 | — | — | $1,435 |
| 2019 | $30,673 | — | $8,416 | — | — | $1,670 |
Under IRS private-foundation payout rules, Magic Island Sailing Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Magic Island Sailing Foundation is led by John Stuart Taylor, President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
John Stuart Taylor
President
On filings since 2019
No compensation reported
Tanya M. Taylor
Director
On filings since 2020
No compensation reported
Katherine Taylor
Director
On filings since 2022
No compensation reported
Lillian Russell
Secretary & Treasurer
On filings since 2019
No compensation reported
Jane E. Taylor
Vice President
On filings since 2021
No compensation reported
Former officers (2)
- Former: Don Farley (2019–2020) — Director
- Former: Robert Taylor (2020) — Director
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 Magic Island Sailing Foundation
How large is Magic Island Sailing Foundation?
Magic Island Sailing Foundation reported $27K in total assets on its 2025 IRS Form 990-PF. It paid out $550 in qualifying distributions that year, against a required minimum of $1K (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.
What is Magic Island Sailing Foundation?
Magic Island Sailing Foundation is a private foundation focused on Recreation & Sports, based in Honolulu, HI. It holds $27K in total assets as of 2025.
What is Magic Island Sailing Foundation's EIN?
Magic Island Sailing Foundation's EIN (Employer Identification Number) is 45-3206328. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 13, 2026)
- IRS filings on file for fiscal years 2019–2025
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