James D Magnus And Diane S Magnus Foundation
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $1.6m
- Employees
- 0
- Location
- Gainesville, GA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 60-0000489
Organization Overview
James D Magnus And Diane S Magnus Foundation is located in Gainesville, GA. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James D Magnus And Diane S Magnus Foundation 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, James D Magnus And Diane S Magnus Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $230.8k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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.
Since 2015, James D Magnus And Diane S Magnus Foundation has awarded 217 individual grants totaling $2,078,062. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Magnus Trustee | 0 | $0 | |
Diane S Magnus Trustee | 0 | $0 | |
Baya M Pruitt Trustee | 0 | $0 | |
Brooke Kalinauskas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $988,000 |
| Interest on Savings | $2,052 |
| Dividends & Interest | $64,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,139 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,027,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,946 |
| Contributions, gifts, grants paid | $226,845 |
| Total expenses and disbursements | $230,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,276 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,628,478 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, James D Magnus And Diane S Magnus Foundation has awarded $226,845 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF HALL COUNTY PURPOSE: OPERATION OF PROGRAM TO ASSIST YOUNG BOYS AND GIRLS WITH COUNCILING, ASSISTANCE, EDUCATION. | $9,000 |
BETH BUFFINGTON PURPOSE: FAMILY IN NEED | $500 |
CHOICES PREGRANCY CARE CENTER PURPOSE: HELPING WOMEN WITH PREGNANCY REALTED HEALTH ISSUES | $50,000 |
CENTER POINT PURPOSE: PROMOTING THE SUCCESS OF STUDENTS AND FAMILIES | $3,000 |
EAGLE RANCH INC PURPOSE: PROVIDE ASSISTANCE TO FAMILIES IN NEED. | $3,500 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: CHAPLAIN'S FUND | $5,000 |