MAGNOLIA COMMUNITY FOUNDATION INC
MAGNOLIA,
Texas,
77353
EIN: 26-4414381
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
PO BOX 795
77353
COUNTY
montgomery county, TX
IN CARE OF NAME
KENDRICK SKIPPER
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNOLIA COMMUNITY FOUNDATION INC is a based in MAGNOLIA, TX, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in January 2011, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $22,054.00, this ranks 647,221 among 2,656,690 nonprofits nationally (Top 25%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 42,876 out of 202,022 organizations in TX (Top 22%).
In montgomery county, TX, the organization ranks 696 out of 3,826 nonprofits by assets (Top 18%), while locally in magnolia, it stands at 58 among 418 organizations (Top 12%).
The organization reported annual revenue of $103,356.00, ranking 388,420 nationally (Top 15%) and 24,547 in TX (Top 13%).
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, MAGNOLIA COMMUNITY FOUNDATION INC ranks 5,708 in assets (Top 33%) and 3,083 in revenue (Top 18%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2021 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Saturday, May 15, 2021;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2017
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$103,356.00
FORM 990 REVENUE AMOUNT
$103,356.00
RULING DATE
01/2011
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$22,054.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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