MISSION
Magnolia Lotus Foundation is dedicated to promoting community advocacy, restoration, and development through public speaking and civic engagement opportunities for historically underserved students and underdeveloped communities in the South.
DEMOGRAPHIC
ADDRESS
324 BIM BAM BLVD
38655
COUNTY
lafayette county, MS
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNOLIA LOTUS FOUNDATION is a based in OXFORD, MS, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in November 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,753,565 among 2,656,690 nonprofits nationally (Top 67%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 10,847 out of 21,650 organizations in MS (Top 50%).
In lafayette county, MS, the organization ranks 213 out of 433 nonprofits by assets (Top 45%), while locally in oxford, it stands at 134 among 369 organizations (Top 34%).
The organization reported no revenue in the most recent filing period, placing it at 754,668 nationally and 13,161 in MS.
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, MAGNOLIA LOTUS FOUNDATION ranks 27,800 in assets (Top 75%) and 24,774 in revenue (Top 67%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year 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
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
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
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
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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