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MAGNET LENDING CORPORATION

EIN 85-4188860 LANSING, MI

Revenue 2024
$1,930,996
Expenses 2024
$414,575

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S31
Classification
1200
Street
502 E CESAR E CHAVEZ AVE SUITE A

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ERIC HANNA

    PRESIDENT & CEO; DIRECTOR

    Total calculated
    $304,886
    From this org
    $0
    From related orgs
    $265,619
    Other
    $39,267
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,619 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,578 related
    Nontaxable benefits
    $0 + $21,689 related
    Filer's total
    $0 + $304,886 related
  • MARK MORANTE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARY KING

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JAMIE SCHRINER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • RICHARD HOSEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KARL DORSHIMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARK MCDANIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ELISSA SANGALLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARIA VENTURA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KARA WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DOUG BARCY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JIM ANANICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STEPHANIE OSTERLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BRAD HEFFNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ADRIANNE JENKINS

    CFO / COO

    Total calculated
    $241,233
    From this org
    $0
    From related orgs
    $207,862
    Other
    $33,371
    Hours/week
    4 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,862 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,259 related
    Nontaxable benefits
    $0 + $15,112 related
    Filer's total
    $0 + $241,233 related
  • MARILYN CHRUMKA

    VICE PRESIDENT OF DEVELOPM

    Total calculated
    $191,203
    From this org
    $0
    From related orgs
    $171,463
    Other
    $19,740
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,463 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,440 related
    Nontaxable benefits
    $0 + $14,300 related
    Filer's total
    $0 + $191,203 related
  • ELISABETH ALEXANDRIAN

    VICE PRESIDENT OF COMPLIAN

    Total calculated
    $164,693
    From this org
    $0
    From related orgs
    $130,606
    Other
    $34,087
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,606 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,164 related
    Nontaxable benefits
    $0 + $14,923 related
    Filer's total
    $0 + $164,693 related
  • BRANDON MILLER

    DIRECTOR OF PROPERTY MAINT

    Total calculated
    $155,900
    From this org
    $0
    From related orgs
    $127,404
    Other
    $28,496
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,912 related
    Nontaxable benefits
    $0 + $12,584 related
    Filer's total
    $0 + $155,900 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,930,996
    Expenses
    $414,575
    Contributions
    $1,262,654
    Grants paid
    $0
  • 2023
    Revenue
    $4,238,819
    Expenses
    $178,499
    Contributions
    $4,000,000
    Grants paid
    $0
  • 2022
    Revenue
    $157,066
    Expenses
    $3,488
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.