Magnolia Arts Council Inc

Organization Overview

Magnolia Arts Council Inc is located in Magnolia, AR. The organization was established in 1977. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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 Council 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 06/2022, Magnolia Arts Council Inc generated $292.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $159.7k during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION STRIVES TO BRING ART OF ALL KINDS TO THE PEOPLE OF COLUMBIA COUNTY, ARKANSAS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART SHOWS AND THEATRICAL PRODUCTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Steven Ochs
President
$0
Steve Nipper
Vice Preside
$0
Wally Wood
Treasurer
$0
Deby Jones
Secretary
$0
Marissa Alexander
Director
$0
Carey Baker
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $235,840
All other contributions, gifts, grants, and similar amounts not included above$32,694
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$268,534
Total Program Service Revenue$24,861
Investment income -$731
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $292,664

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Magnolia Arts Council Inc has recieved totaling $15,487.

Awarding OrganizationAmount
Magale Foundation

Shreveport, LA

PURPOSE: GENERAL FUND FOR EDUCATIONAL EXPENSES FOR ARTS, THEATRE , FILM , MUSIC PROGRAMS

$10,000
Albemarle Foundation

Charlotte, NC

PURPOSE: PROGRAM ASSISTANCE

$5,000
Albemarle Foundation

Charlotte, NC

PURPOSE: PROGRAM ASSISTANCE

$225
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$112
Albemarle Foundation

Charlotte, NC

PURPOSE: PROGRAM ASSISTANCE

$100
Albemarle Foundation

Charlotte, NC

PURPOSE: PROGRAM ASSISTANCE

$50
View Grant Recipient Profile

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