Magnolia Farm Foundation Inc
- Assets
- $284.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2771474
Organization Overview
Magnolia Farm Foundation Inc is located in Charleston, SC. The organization was established in 2019. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Farm 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 12/2022, Magnolia Farm Foundation Inc generated $82.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $36.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
18 INDIVIDUALS STAYED ON THE PREMISES IN 2022 WHILE RECOVERING FROM ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dubose Blakeney President | 23 | $0 | |
Samuel Blakeney Director | 1 | $0 | |
Elisabeth Blakeney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,329 |
| Total Program Service Revenue | $27,131 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$1,100 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,360 |
| 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 | $3,250 |
| Occupancy, rent, utilities, and maintenance | $13,664 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,886 |
| Total expenses | $36,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,028 |
| Other assets | $0 |
| Total assets | $284,535 |
| Total liabilities | $2,632 |
| Net assets or fund balances | $281,903 |