Magnolia Memory Care Inc
- Assets
- $70.0k
- Revenue
- $218.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Mill, SC
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-4069643
Organization Overview
Magnolia Memory Care Inc is located in Fort Mill, SC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Memory Care 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 Memory Care Inc generated $218.6k in total revenue. All expenses for the organization totaled $183.6k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FAITH-BASED COLLABORATION OF SUPPORT SERVICES FOR PEOPLE AND FAMILIES LIVING WITH ALZHEIMER'S AND DEMENTIA WITH A FOCUS ON CAREGIVER SUPPORT, CARE MANAGEMENT, COMMUNITY EDUCATION AND FAMILY ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTED A DAY PROGRAM IN MULTIPLE LOCATIONS FOR >20 PARTICIPANTS SUFFERING FROM ALZHEIMER'S AND OTHER DEMENTIAS PROVIDING THEM WITH VARIOUS THERAPIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bill Executive Director | OfficerTrustee | 40 | $25,869 |
Timothy Petrie Treasurer | OfficerTrustee | 0 | $0 |
Paul Bill Director | Trustee | 0 | $0 |
Bill Feus Director | Trustee | 0 | $0 |
Soraya Martial-Wright Director | Trustee | 0 | $0 |
Kirk Rygol Director | Trustee | 0 | $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 | $89,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,170 |
| Total Program Service Revenue | $115,350 |
| 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 | $14,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,646 |
| 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. | $25,869 |
| Compensation of current officers, directors, key employees. | $4,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,358 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,600 |
| Advertising and promotion | $7,778 |
| Office expenses | $1,146 |
| Information technology | $3,469 |
| Royalties | $0 |
| Occupancy | $4,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,465 |
| All other expenses | $0 |
| Total functional expenses | $183,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,275 |
| 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 | $1,024 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,954 |
| Accounts payable and accrued expenses | $6,714 |
| Grants payable | $0 |
| Deferred revenue | $3,438 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $550 |
| Total liabilities | $10,702 |
| Net assets without donor restrictions | $30,637 |
| Net assets with donor restrictions | $28,615 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $69,954 |