MAGNOLIA FOUNDATION
WACO,
Texas,
76703
EIN: 81-3494937
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
PO BOX 889
76703
COUNTY
mclennan county, TX
IN CARE OF NAME
LYLE MASON
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNOLIA FOUNDATION is a based in WACO, TX, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in December 2016, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $69,181.00, this ranks 538,945 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 35,425 out of 202,022 organizations in TX (Top 18%).
In mclennan county, TX, the organization ranks 382 out of 1,928 nonprofits by assets (Top 20%), while locally in waco, it stands at 292 among 1,315 organizations (Top 22%).
The organization reported no revenue in the most recent filing period, placing it at 1,837,285 nationally and 160,345 in TX.
Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, MAGNOLIA FOUNDATION ranks 17,541 in assets (Top 69%) and 11,987 in revenue (Top 47%).
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
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T22: Private Independent Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$20,494.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2016
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$69,181.00
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.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
