MAGNOLIA DEVELOPMENT INITIATIVE
LAUREL,
Mississippi,
39440
EIN: 85-2022426
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
946 N 16TH AVE UNIT 960
39440
COUNTY
jones county, MS
IN CARE OF NAME
SHARON MCMILLAN
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNOLIA DEVELOPMENT INITIATIVE is a based in LAUREL, MS, focused on Community Improvement, Capacity Building causes , specifically Economic Development. Established in January 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,577,311 among 2,656,690 nonprofits nationally (Top 98%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 15,869 out of 21,650 organizations in MS (Top 74%).
In jones county, MS, the organization ranks 269 out of 313 nonprofits by assets (Top 86%), while locally in laurel, it stands at 223 among 247 organizations (Top 88%).
The organization reported no revenue in the most recent filing period, placing it at 2,027,759 nationally and 18,068 in MS.
Within its specific NTEE classification (S30 - S: Community Improvement, Capacity Building), which includes 4,887 similar organizations, MAGNOLIA DEVELOPMENT INITIATIVE ranks 4,366 in assets (Top 90%) and 4,329 in revenue (Top 89%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Not required to file(all other) 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
S: Community Improvement, Capacity Building
NTEE CODE
S30: Economic Development
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
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
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
01/2022
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
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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