Majestic Visions Alliances Inc
- Assets
- $678.4k
- Revenue
- $429.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairburn, GA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 32-0083195
Organization Overview
Majestic Visions Alliances Inc is located in Fairburn, GA. The organization was established in 2004. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Majestic Visions Alliances 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 12/2022, Majestic Visions Alliances Inc generated $429.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $464.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DAY CARE FOR VETERANS REFERRED FROM THE VA THAT NEED ASSISTENCE WITH DAILY LIVING AND ARE UNDER THE CARE OF A PHYSICIAN. CLINICAL SOCIAL WORKERS, CAREGIVERS, AND TRANSPORTERS ARE ON STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mervin Wilson CEO | 40 | $48,000 | |
Swan Wilson CFO | 40 | $48,000 | |
Martha Mahan Secretary | 0 | $0 | |
Betty Hubbard Chair Person | 0 | $0 | |
Prince Brumfield Board Member | 0 | $0 | |
D-Ann Travis-Honeycutt MD Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $422,826 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,928 |
| Total Revenue | $429,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $86,286 |
| Pension plans, employee benefits | $0 |
| Interest | $3,816 |
| Taxes | $4,176 |
| Depreciation | $4,651 |
| Occupancy | $22,942 |
| Travel, conferences, and meetings | $13,886 |
| Printing and publications | $0 |
| Other expenses | $230,008 |
| Total operating and administrative expenses | $464,470 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $464,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,719 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $9,544 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $162,119 |
| Other assets | $0 |
| Total assets | $678,382 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,207 |
| Total liabilities | $60,207 |
Grants Awarded
Over the last fiscal year, Majestic Visions Alliances Inc has awarded $4,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY GHOST TEMPLE PURPOSE: CHARITABLE | $1,800 |
ALBERTA BUCHANAN PURPOSE: CHARITABLE | $200 |
GAVENDREAKA LAMAR PURPOSE: CHARITABLE | $100 |
MEMORY OF MR ERNEST WILLIAMS PURPOSE: CHARITABLE | $200 |
HOLY GHOST TEMPLE PURPOSE: CHARITABLE | $1,800 |
GAVENDREAKA LAMAR PURPOSE: CHARITABLE | $100 |