Mags Place Inc
- Assets
- $117.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Adkins, TX
- Founding
- 04/2018
- Data as of
- 12/2019
- EIN
- 82-3128782
Organization Overview
Mags Place Inc is located in Adkins, TX. The organization was established in 2018. 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. Mags Place Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE NONPROFIT HAD ZERO GROSS RECEIPTS IN 2019 AND INCURRED LEGAL AND PROPERTY TAX EXPENSES. THE NONPROFIT IS STILL IS IN THE PLANNING STAGE ON HOW TO CARRY OUT ITS EXEMPT PURPOSE, WHICH IS TO ASSIST THE ELDERLY IN HOME ASSISTED LIVING.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| 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 | $135 |
| Occupancy, rent, utilities, and maintenance | $69 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,445 |
| Total expenses | $2,649 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $117,000 |
| Total liabilities | $5,752 |
| Net assets or fund balances | $111,248 |