Magnolia Fcu Community Development Corporation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- Data as of
- 12/2023
- EIN
- 93-2642865
Organization Overview
Magnolia Fcu Community Development Corporation is located in Jackson, MS. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Magnolia Fcu Community Development Corporation 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
2023
Describe the Organization's Program Activity:
Part 3
MAGNOLIA CDC COMMUNITY DEVELOPMENT CORPORATION (MCDC) WAS FORMED IN 2023 AND HAD NO REPORTED INCOME OR EXPENSES, AS THE ORGANIZATION WAS NEWLY CREATED AND AWAITING RESPONSE TO ITS FORM 1023 SUBMISSION, PRIOR TO CONDUCTING ANY INCOME OR EXPENSE GENERATING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Waylett President | 1 | $0 | |
Grayland Fredericks Vice President | 1 | $0 | |
Clara Beauman Secretary | 1 | $0 | |
Robert Metzger Treasurer | 1 | $0 | |
Barry Mcnair Incorporator | 1 | $0 |
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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |