Magnolia Impact Solutions
- Assets
- $50.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2155518
Organization Overview
Magnolia Impact Solutions is located in Philadelphia, PA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Impact Solutions is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BUILDING A COALITION OF PARTNERS COMMITTED TO USING THE POWER OF DATA TO RADICALLY AND CONTINUOUSLY ENHANCE OUR EFFORTS TO IMPROVE THE FINANCIAL HEALTH OF ALL PEOPLE, PARTICULARLY PEOPLE OF COLOR AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vibhat Nair CEO | 10 | $14,800 | |
Steve Wanner Board Member | 0 | $0 | |
James Woods Board Member | 0 | $0 | |
Anastasiya Ghosh Board Member | 0 | $0 | |
John Thompson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,310 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $781 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,091 |
| 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 | $81,450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,168 |
| Total expenses | $90,618 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,834 |
| Other assets | $0 |
| Total assets | $50,492 |
| Total liabilities | $34,270 |
| Net assets or fund balances | $16,222 |