Magnolia Beach Corporation
- Assets
- $85.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, MA
- Founding
- 06/1952
- Data as of
- 12/2021
- EIN
- 04-2171876
Organization Overview
Magnolia Beach Corporation is located in Magnolia, MA. The organization was established in 1952. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Beach Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Magnolia Beach Corporation generated $51.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $41.3k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MAGNOLIA BEACH CLUB PROVIDES A CLEAN AND SAFE AREA FOR FAMILIES TO ENJOY THE COMMUNITY BEACH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noreen Gilliss Clerk | 0 | $0 | |
Joanne Randazza Director | 0 | $0 | |
Lisa Groleau Director | 0 | $0 | |
Stepanie Palazola Director | 0 | $0 | |
Ann Pickett Director | 0 | $0 | |
Ted Costa President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,501 |
| Investment income | $158 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,659 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,676 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $15,095 |
| Printing, publications, postage, and shipping | $235 |
| Other expenses | $13,788 |
| Total expenses | $41,294 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,649 |
| Other assets | $0 |
| Total assets | $85,649 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
Riverfront Recapture Inc Hartford, CT | $5,471,440 | $4,320,239 |
Brooklyn Bridge Park Conservancy Inc Brooklyn, NY | $1,828,447 | $2,751,779 |
Parks & Trails New York Inc Albany, NY | $2,365,964 | $2,106,877 |
Stanley Park Of Westfield Inc Westfield, MA | $11,912,408 | $1,167,224 |
Frank Newhall Look Memorial Park Inc Florence, MA | $10,382,175 | $2,883,597 |
Worcester County Memorial Park Inc Paxton, MA | $3,649,295 | $1,194,568 |