Magnolia Memory Care Inc
- Assets
- $30.2k
- Revenue
- $91.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Mill, SC
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-4069643
Organization Overview
Magnolia Memory Care Inc is located in Fort Mill, SC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Memory Care 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, Magnolia Memory Care Inc generated $91.3k in total revenue. All expenses for the organization totaled $126.1k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FAITH-BASED COLLABORATION OF SUPPORT SERVICES FOR PEOPLE AND FAMILIES LIVING WITH ALZHEIMER'S AND DEMENTIA WITH A FOCUS ON CAREGIVER SUPPORT, CARE MANAGEMENT, COMMUNITY EDUCATION AND FAMILY ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTED A DAY PROGRAM IN MULTIPLE LOCATIONS FOR >20 PARTICIPANTS SUFFERING FROM ALZHEIMER'S AND OTHER DEMENTIAS PROVIDING THEM WITH VARIOUS THERAPIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bill Executive Director | OfficerTrustee | 40 | $21,738 |
Timothy Petrie Treasurer | OfficerTrustee | 0 | $0 |
Janet Leclair Secretary | OfficerTrustee | 0 | $0 |
Walter White Board Chairman | Trustee | 0 | $0 |
Soraya Martial-Wright Director | Trustee | 0 | $0 |
Bill Feus Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,287 |
| Total Program Service Revenue | $34,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,738 |
| Compensation of current officers, directors, key employees. | $8,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150 |
| Payroll taxes | $1,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,748 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,551 |
| Advertising and promotion | $8,100 |
| Office expenses | $2,435 |
| Information technology | $3,320 |
| Royalties | $0 |
| Occupancy | $1,300 |
| Travel | $4 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,400 |
| All other expenses | $5,690 |
| Total functional expenses | $126,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266 |
| Total assets | $30,151 |
| Accounts payable and accrued expenses | $5,042 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $923 |
| Total liabilities | $5,965 |
| Net assets without donor restrictions | $19,876 |
| Net assets with donor restrictions | $4,310 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,151 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Magnolia Memory Care Inc has recieved totaling $6,044.
| Awarding Organization | Amount |
|---|---|
Alzheimers Foundation Of America Inc New York, NY PURPOSE: RESPITE SPRING 2021 GRANT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Aspire Health Partners Inc Orlando, FL | $88,783,924 | $102,481,660 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Young Mens Christian Association Of Metropolitan Atlanta Inc Atlanta, GA | $319,280,484 | $102,392,694 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |