A J Magnus Home
- Assets
- $609.0k
- Revenue
- $95.4k
- Investments
- $402.6k
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 06/1971
- Data as of
- 10/2023
- EIN
- 42-0950682
Organization Overview
A J Magnus Home is located in Muscatine, IA. The organization was established in 1971. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A J Magnus Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, A J Magnus Home generated $95.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $108.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, A J Magnus Home has awarded 23 individual grants totaling $380,518. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELFARE ASSISTANCE-PROVIDING PLEASANT HOME AND NUTRITIONAL MEALS FOR ELDERLY MEN IN CITY AND COUNTY OF MUSCATINE IA INCLUDING FINANCIAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hagerty President | 0.4 | $0 | |
Anne Carroll Treasurer | 0.4 | $0 | |
Michael Johannsen Board Member | 0.4 | $0 | |
Scott Warren Board Member | 0.4 | $0 | |
Adam Miller Board Member | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $44,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,750 |
| Total Revenue | $95,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $22,041 |
| Occupancy | $33,588 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $440 |
| Total operating and administrative expenses | $66,169 |
| Contributions, gifts, grants paid | $42,416 |
| Total expenses and disbursements | $108,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,183 |
| Savings and temporary cash investments | $48,632 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $132,565 |
| Other assets | $0 |
| Total assets | $608,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, A J Magnus Home has awarded $42,416 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCATINE SENIOR RESOURCES PURPOSE: ASSIST SENIORS LIVING AT HOME | $11,612 |
MCSA PURPOSE: COVER RESIDENTS INSPECTION FEES | $30,804 |