Magnolia Festival Of Oklahoma Inc

Organization Overview

Magnolia Festival Of Oklahoma Inc is located in Durant, OK. Magnolia Festival Of Oklahoma 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 11/2017, Magnolia Festival Of Oklahoma Inc generated $136.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $86.2k during the year ending 11/2017. As we would expect to see with falling revenues, expenses have declined by (24.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

THE CREATION AND OPERATION OF THE MAGNOLIA FESTIVAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

FESTIVAL FOR CITY OF DURANT, OKLAHOMA


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Board, Officers & Key Employees

Name (title)Compensation
James Dunegan
Co-Chairman
$0
James Dry
Co-Chairman
$0
Janet Reed
Treasurer
$0
Betty Clay
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$47,758
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$47,758
Total Program Service Revenue$88,684
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $136,442

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