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Magnolia Support Group

Tax-deductible

Magnolia, TX501(c)(3)Foundations & GrantmakersEIN 47-1786936

To provide financial support for various community organizations in Magnolia, Texas.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $5K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
-22% vs prior year
Spent
$178K
To programs
98%
Net assets
$37K
By yearFY2022–FY2024
Revenue
$161K
FY2024▼ -22%
Revenue by fiscal year
FY2022$93K
FY2023$207K
FY2024$161K
Expenses
$178K
FY2024▼ -10%
Expenses by fiscal year
FY2022Not on file
FY2023$199K
FY2024$178K
Net assets
$37K
FY2024▼ -31%
Net assets by fiscal year
FY2022$46K
FY2023$53K
FY2024$37K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $175K Management & general 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Chris Jones
President
$0Pt VII · Sec A
Chad Walling
Vice President
$0Pt VII · Sec A
Angela Knee Hahn
Vice President
$0Pt VII · Sec A
Melissa Jones
Treasurer
$0Pt VII · Sec A
Mike Overman
Bingo Chairperson
$0Pt VII · Sec A
See Magnolia Support Group executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds community organizations in Magnolia, Texas.

Provided by the organization

This section is blank until Magnolia Support Group claims this page.

Know this organization? Claim it to add your story

3 program services account for $175K of program spending, described in the organization's own filed words · FY2024.
01

Provide support to various school organizations within the Magnolia Independent School District.

$167Kprogram expense
02

Provide financial assistance for a disabled student.

$5Kprogram expense
03

Provide scholarships to students of the Magnolia Independent School District.

$3Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 32 grants · $272K · 2023–2024
Misd Livestock ShowFY2024$47,700
Mhs FFAFY2024$10,821
Mhs Lady Bulldog Parent AssnFY2024$10,411
Mhs Boys BasketballFY2024$8,479
Mhs FootballFY2024$6,555
Magnolia Athletic TrainersFY2024$6,508
Mhs Girls Soccer INCWI · FY2024$6,406
Mhs Texas StarFY2024$6,300
Mwhs VolleyballFY2024$6,179
Mhs CheerFY2024$6,075
Magnolia Bulldog Senior BoosterFY2024$5,201
Mhs Cross CountryFY2024$5,181
Mwhs Cross CountryFY2024$5,165
Unitemized GrantFY2024$5,100
Unitemized GrantFY2024$3,000
Magnolia High School Baseball BoostersFY2023$22,879
Magnolia High School ChoirFY2023$11,796
Magnolia West High School BaseballFY2023$9,750
See all 32 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Other incomeLn 4–11$148K
Gifts and grantsLn 1h$13K
Money outPt IX
$178K
Ln 25
Programscol B$175K
Managementcol C$3K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Other incomeLn 4–11$148K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$53K$37K
Total assetsLn 16$53K$37K
LiabilitiesLn 26$0$0
Net assetsLn 32$53K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$175K$175K
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$344$0$344$0
Other expenses (24a–d)Ln 24$394$0$394$0
All other expensesLn 24e$657$0$657$0
Total functional expensesLn 25$178K$175K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $161K$178K−$17K$37K 990 PDF
FY2023 $207K$199K$8K$53K 990 PDF
FY2022 $93K$46K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $161,223 across 3 lines filed
Lines not itemized here account for $147,753 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$13,470
VIII-1h Total contributions, gifts and grants$13,470
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $147,753$161,223
Part IX · Statement of functional expenses $178,060 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $174,815$174,815
IX-11c Accounting feesPrograms $0 · Management $1,850 · Fundraising $0$1,850
IX-13 Office expensesPrograms $0 · Management $344 · Fundraising $0$344
IX-24 Other expenses (24a–d)Programs $0 · Management $394 · Fundraising $0$394
IX-24e All other expensesPrograms $0 · Management $657 · Fundraising $0$657
IX-25 Total functional expensesPrograms $174,815 · Management $3,245 · Fundraising $0$178,060
Part X · Balance sheet $36,660 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $53,497$36,660
X-16 Total assetsStart of year $53,497$36,660
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $53,497$36,660
X-33 Total liabilities and net assetsStart of year $53,497$36,660
Part XI · Reconciliation of net assets $36,660 net assets at year end
XI-1 Total revenue$161,223
XI-2 Total expenses$178,060
XI-3 Revenue less expenses−$16,837
XI-4 Net assets at start of year$53,497
XI-10 Net assets at end of year$36,660

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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