Magdalene Home Inc
- Assets
- $335.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Tyler, TX
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1319581
Organization Overview
Magdalene Home Inc is located in Tyler, TX. The organization was established in 2015. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. As of 12/2021, Magdalene Home Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magdalene Home 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 12/2021, Magdalene Home Inc generated $13.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.1%) each year. All expenses for the organization totaled $37.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
EDUCATING WOMEN AND CHILDREN ABOUT ABUSE & SEX TRAFFICKING THROUGH LECTURES, PROGRARMS AND PODCASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendi Rees President | 40 | $0 | |
Jim Reese Treasurer | 2 | $0 | |
Michelle Lopez Secretary | 1 | $0 | |
Chris Legg Director | 1 | $0 | |
Allen Gardner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,143 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $986 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,129 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,722 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,736 |
| Total expenses | $37,458 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $335,532 |
| Other assets | $0 |
| Total assets | $335,532 |
| Total liabilities | $1,032 |
| Net assets or fund balances | $334,500 |