Magnolia Arts Center Inc
- Assets
- $70.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-3192311
Organization Overview
Magnolia Arts Center Inc is located in Greenville, NC. The organization was established in 2006. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Arts Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Magnolia Arts Center Inc generated $106.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $104.0k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
10 PRODUCTION EVENTS (80 TOTAL PERFORMANCES), & MULTIPLE INTENSIVE & INSTRUCTION EVENTS IN 2022
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Turnage Board Member | 2 | $0 | |
Mitch Butts President | 20 | $0 | |
Ginger Wilson Treasurer | 5 | $0 | |
Patrick Reid Board Member | 2 | $0 | |
Virlika Prayer Board Member | 2 | $0 | |
Dorothea Handron Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,159 |
| Total Program Service Revenue | $56,834 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,266 |
| Total Revenue | $106,322 |
| 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 | $18,539 |
| Occupancy, rent, utilities, and maintenance | $731 |
| Printing, publications, postage, and shipping | $22,047 |
| Other expenses | $62,637 |
| Total expenses | $103,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,774 |
| Other assets | $0 |
| Total assets | $70,179 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,179 |