Magnolia Medical Foundation
- Assets
- $306.1k
- Revenue
- $611.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Jackson, MS
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 90-0504363
Organization Overview
Magnolia Medical Foundation is located in Jackson, MS. The organization was established in 2010. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Magnolia Medical Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Medical Foundation 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, Magnolia Medical Foundation generated $611.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $593.4k during the year ending 12/2021. While expenses have increased by 40.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAGNOLIA MEDICAL FOUNDATION MMF IS A COMMUNITY BASED ORGANIZATION FOUNDED IN 2009 TO PROVIDE PREVEN HEALTH SERVICES INCLUDING HEALTH EDUCATION TO UNDERSERVED COMMUNITI
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGNOLIA MEDICAL FOUNDATION -MMF- IS A COMMUNITY BASED ORGANIZAITON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Brown Secret/treasur | OfficerTrustee | 2 | $0 |
Al J Thompson President | OfficerTrustee | 2 | $0 |
Erica Thompson | Officer | 50 | $0 |
Nedra Edmonds Member | Trustee | 2 | $0 |
Herb Irvin Member | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $611,948 |
| 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 | $611,948 |
| 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. | $98,145 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,737 |
| Insurance | $2,929 |
| All other expenses | $0 |
| Total functional expenses | $593,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $306,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,414 |
| Total liabilities | $2,414 |
| Net assets without donor restrictions | $303,648 |
| Net assets with donor restrictions | $0 |
| 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 | $306,062 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Magnolia Medical Foundation has recieved totaling $243,500.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: CHILDHOOD OBESITY | $75,000 |
Womens Foundation Of Mississippi Jackson, MS PURPOSE: COMMUNITY BASED TWO-GENERATION WORK; COVID VACCINATION OUTREACH TO FEMALE AND UNDERSERVED POPULATIONS | $53,500 |
Womens Foundation Of Mississippi Jackson, MS PURPOSE: MOBILE HEALTH UNIT - COMMUNITY HEALTH | $50,000 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR GENERAL SUPPORT OF SIX DIMENSIONS | $45,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rock Of Ages Ministries Inc Cleveland, TN | $3,664,055 | $7,118,510 |
Men Of Valor Nashville, TN | $11,710,058 | $3,925,028 |
We Care Program Atmore, AL | $2,054,086 | $1,615,293 |
Exodus Life Little Rock, AR | $320,491 | $746,909 |
Magnolia Medical Foundation Jackson, MS | $306,062 | $611,948 |
Shepherds Fold Inc Birmingham, AL | $506,945 | $439,964 |
Prison Prevention Ministries Inc Chattanooga, TN | $110,020 | $357,639 |
Innerfaith Prison Ministry Inc Lafayette, LA | $115,336 | $357,260 |
Aid To Inmate Mothers Inc Montgomery, AL | $316,076 | $476,028 |
Lifelink Career Resource Center Inc Birmingham, AL | $444,580 | $329,105 |
United Prison Ministries Inc Verbena, AL | $764,169 | $168,543 |
Precious In Pink Jail Ministries Hernando, MS | $347,137 | $0 |