The Magnolias Chapter National Charity League Inc
- Assets
- $124.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 05/2005
- Data as of
- 05/2024
- EIN
- 76-0587387
Organization Overview
The Magnolias Chapter National Charity League Inc is located in The Woodlands, TX. The organization was established in 2005. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Magnolias Chapter National Charity League 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 05/2024, Magnolias Chapter National Charity League Inc generated $114.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $103.9k during the year ending 05/2024. While expenses have increased by 7.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SENIOR PRESENTATION AND MOTHER - DAUGHTER TEA ARE EVENTS SPONSORED BY NATIONAL CHARITY LEAGUE FOR THE BENEFIT OF THEIR MEMBERS. THE STUDENTS ARE GIVEN AWARDS BASED ON THEIR VOLUNTEER HOURS AND ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Robinson-Gauthier President | 10 | $0 | |
Kristen Mccabe President-Elect | 4 | $0 | |
Elise Orr Secretary | 2 | $0 | |
Tanya Ross Treasurer | 5 | $0 | |
Courtney West Parliamentarian | 2 | $0 | |
Katherine Faussete Vp-Communications | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $69,780 |
| Membership dues | $38,850 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,241 |
| Other Revenue | $0 |
| Total Revenue | $114,219 |
| 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 | $575 |
| Occupancy, rent, utilities, and maintenance | $2,769 |
| Printing, publications, postage, and shipping | $2,247 |
| Other expenses | $84,394 |
| Total expenses | $103,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,679 |
| Other assets | $0 |
| Total assets | $124,679 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,679 |