Magnolia Bar Foundation Inc
- Assets
- $150.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 09/1992
- Data as of
- 12/2020
- EIN
- 64-0808159
Organization Overview
Magnolia Bar Foundation Inc is located in Jackson, MS. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Bar Foundation Inc 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 12/2020, Magnolia Bar Foundation Inc generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $7.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,660 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,300 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,988 |
| Other Revenue | $0 |
| Total Revenue | $13,985 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,138 |
| Other expenses | $6,594 |
| Total expenses | $7,732 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,331 |
| Other assets | $0 |
| Total assets | $150,368 |
| Total liabilities | $0 |
| Net assets or fund balances | $150,368 |
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