South Magnolia Event Group

Organization Overview

South Magnolia Event Group is located in Summerville, SC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Magnolia Event Group 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 12/2021, South Magnolia Event Group generated $756.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $75.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SOUTH MAGNOLIA EVENT GROUP IS TO RAISE MONEY, REBUILD, AND PRESERVE THE SUMMERVILLE HIGH SCHOOL STADIUM AND ITS SURROUNDING AREA TO BENEFIT THE LOCAL COMMUNITY. SOUTH MAGNOLIA EVENT GROUP WILL CONTINUE TO SUPPORT AND GROW THE FACILITY AFTER CONSTRUCTION FOR THE USE AND BENEFIT OF THE TOWN OF SUMMERVILLE, SUMMERVILLE HIGH SCHOOL, DORCHESTER COUNTY SCHOOL DISTRICT TWO, AND DORCHESTER COUNTY AS A WHOLE. IN CARRYING OUT THIS MISSION, THE ORGANIZATION WILL OVERSEE AND COORDINATE CONSTRUCTION CREWS AND COVER THE COSTS OF CONSTRUCTION. THE ORGANIZATION WILL MAINTAIN THE FACILITY AND ITS SURROUNDING AREA THAT IS MAY BENEFIT THE COMMUNITY FOR FUTURE GENERATIONS TO COME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOUTH MAGNOLIA EVENT GROUP MANAGES, DIRECTS, AND LEADS REVITILIZATION PROJECTS AT STADIUM PARK LOCATED NEXT TO SUMMERVILLE HIGH SCHOOL THAT WILL HELP INCREASE THE CAPACITY OF THE STADIUM AND IMPROVE THE FACILITIES SURROUNDING THE STADIUM.


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Board, Officers & Key Employees

Name (title)Compensation
Edward L Crosby
President
$0
James M Tupper
Vice President
$0
Terrence Jenkins
Secretary
$0
Anthony Soles
Treasury
$0
Brion Rutherford
Director
$0
Tanya Robinson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $500,000
All other contributions, gifts, grants, and similar amounts not included above$256,882
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$756,882
Total Program Service Revenue$0
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 $756,882

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