Magna Carta Inc
- Assets
- $6.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Potterville, MI
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-2309439
Organization Overview
Magna Carta Inc is located in Potterville, MI. The organization was established in 2019. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magna Carta Inc 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, Magna Carta Inc generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $166.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 7 years. 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
THE ORGANIZATION CONDUCTED OUTREACH TO MICHIGAN RESIDENTS THROUGH PRINTED INFORMATIONAL MATERIAL FOCUSING ON THE MERITS POLICY POSITIONS ON SUCH TOPICS AS AUTO INSURANCE REFORM, TRANSPARENCY IN THE JUDICIAL SYSTEM, REPRODUCTIVE RI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Murphy Chairman | 2 | $0 | |
Samuel Theis Secretary | 2 | $0 | |
Mary Helfmann Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$75 |
| Other Revenue | $0 |
| Total Revenue | $1,427 |
| 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 | $0 |
| Other expenses | $166 |
| Total expenses | $166 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,342 |
| Other assets | $0 |
| Total assets | $6,342 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,342 |