Magnolia Beach Corporation
- Assets
- $103.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, MA
- Founding
- 06/1952
- Data as of
- 12/2023
- 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 12/2023, Magnolia Beach Corporation generated $52.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $42.0k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
MAGNOLIA BEACH CLUB PROVIDES A CLEAN AND SAFE AREA FOR FAMILIES TO ENJOY THE COMMUNITY BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Costa President | 0 | $0 | |
Chris Doe Vice President | 0 | $0 | |
Noreen Gilliss Clerk | 0 | $0 | |
Cathy Doe Treasurer | 0 | $0 | |
Jeff Greaves Vice President | 0 | $0 | |
Lisa Groleau Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,523 |
| Investment income | $1,299 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,822 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,149 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $13,793 |
| Printing, publications, postage, and shipping | $338 |
| Other expenses | $18,105 |
| Total expenses | $41,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,678 |
| Other assets | $0 |
| Total assets | $103,678 |
| Total liabilities | $0 |
| Net assets or fund balances | $103,678 |