Magnolia Specialized Services Inc
- Assets
- $2.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Magnolia, AR
- Founding
- 12/1967
- Data as of
- 06/2022
- EIN
- 71-0397527
Organization Overview
Magnolia Specialized Services Inc is located in Magnolia, AR. The organization was established in 1967. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Magnolia Specialized Services Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Specialized Services 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 06/2022, Magnolia Specialized Services Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 1.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF THE MENTALLY HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY PROGRAM FOR ADULT MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES. THIS PROGRAM SERVICES ABOUT 50 INDIVIDUALS PER MONTH.
AGES 3-5 PRESCHOOL FOR CHILDREN WITH DEVELOPMENTAL DELAYS. THIS PROGRAM SERVES ABOUT 30 CHILDREN PER MONTH.
WAIVER PROGRAM IS A HOME BASED PROGRAM FOR MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES.
RESIDENTIAL FACILITIES FOR MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES. THIS PROGRAM SERVES 32 CLIENTS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirlye Hopkins Secretary-Tr | OfficerTrustee | $0 | |
Chris Gilliam Vice Preside | OfficerTrustee | $0 | |
Margo Weiser President | OfficerTrustee | $0 | |
Dorothy Chaffin Board Member | Trustee | $0 | |
Carolyn Greene Board Member | Trustee | $0 | |
Paula Smith Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,185,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $457,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,643,497 |
| Total Program Service Revenue | $0 |
| Investment income | $6,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,977 |
| Net Income from Fundraising Events | $13,789 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,668,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,119 |
| Compensation of current officers, directors, key employees. | $71,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,856 |
| Pension plan accruals and contributions | $23,472 |
| Other employee benefits | $263,063 |
| Payroll taxes | $158,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,466 |
| Office expenses | $31,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,676 |
| Insurance | $37,945 |
| All other expenses | $193,095 |
| Total functional expenses | $3,093,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $607,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,123,397 |
| Investments—publicly traded securities | $243,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,978 |
| Total assets | $2,585,781 |
| Accounts payable and accrued expenses | $23,485 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $167,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,497 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,395,284 |
| Total liabilities and net assets/fund balances | $2,585,781 |
Grants Awarded
Over the last fiscal year, Magnolia Specialized Services Inc has awarded $19,945 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Magnolia, AR PURPOSE: TO ASSIST IN OPERATE | $12,530 |
Magnolia, AR PURPOSE: TO ASSIST IN OPERATE | $7,415 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Magnolia Specialized Services Inc has recieved totaling $24,746.
| Awarding Organization | Amount |
|---|---|
United Way Of Columbia County Inc Magnolia, AR PURPOSE: HOUSING SVC MENT IMP | $10,000 |
Magale Foundation Shreveport, LA PURPOSE: FUNDS FOR AUTISM PROGRAM TO PROVIDE SPEECH AND OCCUPATIONAL THERAPIES | $9,500 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $2,500 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $2,313 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $303 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Directions Inc Clarksville, TN | $6,267,368 | $17,802,978 |
Mental Health Mental Retardation Authority Of Brazos Valley Bryan, TX | $8,010,421 | $17,030,112 |
Emory Valley Center Inc Oak Ridge, TN | $13,502,943 | $17,151,005 |
Westside Habilitation Center Alexandria, LA | $32,218,958 | $21,389,124 |
The Arc Caddo-Bossier Shreveport, LA | $19,493,139 | $16,301,333 |
Home Of Hope Inc Vinita, OK | $9,542,630 | $17,584,477 |
Rainbow Of Challenges Inc Hope, AR | $14,503,982 | $15,809,301 |
Michael Dunn Center Kingston, TN | $4,914,167 | $15,172,268 |
Progressive Healthcare Providers Inc Collierville, TN | $3,689,907 | $14,306,238 |
Community Living Inc Saint Peters, MO | $12,260,618 | $12,484,742 |
Independent Case Management Inc Little Rock, AR | $18,922,194 | $18,125,216 |
Center For Pursuit Houston, TX | $22,962,531 | $33,576,324 |