Magnificat Foundation
- Assets
- $394.5k
- Revenue
- $46.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belgrade, MT
- Founding
- Data as of
- 12/2023
- EIN
- 85-4351144
Organization Overview
Magnificat Foundation is located in Belgrade, MT. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Magnificat 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 12/2023, Magnificat Foundation generated $46.0 in total revenue.
Since 2021, Magnificat Foundation has awarded 17 individual grants totaling $165,500. 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 |
|---|---|---|---|
Casey O'neil President | 0 | $0 | |
Sherry O'neil Vice President | 0 | $0 | |
Jessica O'neil Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $1,600 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $34,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,466 |
| 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 | $394,466 |
| 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, Magnificat Foundation has awarded $78,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD CENTRAL KITCHEN PURPOSE: SUPPORT WORK FEEDING THE HUNGRY IN HUMANITARIAN EMERGIENCIES AND DISASTERS | $5,000 |
CHURCH OF THE RESURRECTION PURPOSE: SUPPORT FOR CHRISTIAN MINISTRY | $20,000 |
FUTURE FORWARD FOR HAITI PURPOSE: SUPPORT GALLATIN VALLEY PACKATHON BY PROVIDING LUNCHES FOR SCHOOL CHILDREN | $3,700 |
MISSIONARY AVIATION FELLOWSHIP PURPOSE: MINISTRY SUPPORT TO MISSIONARY AND MOST-NEEDED PROJECTS | $5,000 |
WYCLIFFE BIBLE TRANSLATORS PURPOSE: SUPPORT BIBLE TRANSLATION | $10,000 |
CAMP TAPAWINGO PURPOSE: CAMPER SCHOLARSHIPS | $20,000 |