Magnet Hccn

Tax-deductible

Jackson, MS501(c)(3)Since 2022Diseases & DisordersEIN 87-4656639Revenue $2.0M in FY2025

On file with the IRS210 E Capitol St Ste 920, 39201-2329 · Jackson, MSTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Exclusively religious, charitable, scientific, literary or educational purposes, including for such purposes the making of distributions to organizations that qualify as exempt organizations under Section 501 (c) 3 of the Internal Revenue Code of 1986.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $97K a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 4% of spending
Top officer’s pay lower than 83% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$407K
×21 of total assets
Concern: liabilities are 2100% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$2.0M
+6% vs prior year
Spent
$2.1M
To programs
97%
Net assets
−$387K
By yearFY2022–FY2025
Revenue
$2.0M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2022$725K
FY2023$2.4M
FY2024$1.9M
FY2025$2.0M
Expenses
$2.1M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.0M
FY2023$2.4M
FY2024$1.9M
FY2025$2.1M
Net assets
−$387K
FY2025▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2022−$307K
FY2023−$307K
FY2024−$307K
FY2025−$387K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.0M Management & general 3% · $52K

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

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Who runs it and what they're paid

6 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,002Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tiffany Grant’s $90K as Executive Director is at the 17th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Tiffany Grant$90,002$90,002$97,240

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports religious, charitable, scientific, literary, or educational causes through grants.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2025
01

Distribution of Sub-grants to various community health centers.

$2.0Mprogram expense

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 · 47 grants · $8.5M · 2022–2025
Aaron E Henry Community HealthMS · FY2025$330,869
Jackson-Hinds Comprehensive Health CenterMS · FY2025$330,869
Family Health Center INCMS · FY2025$45,000
Jackson-Hinds Comprehensive Health CenterMS · FY2024$275,000
Family Health Center INCMS · FY2024$65,000
See all 47 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Money outPt IX
$2.1M
Ln 25
Programscol B$2.0M
Managementcol C$52K
Owns and owesPt X
−$387K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$20K
LiabilitiesLn 26$407K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$20K
LiabilitiesLn 26$407K
Net assetsLn 32−$387K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$181K$11K
Total assetsLn 16$207K$20K
LiabilitiesLn 26$514K$407K
Net assetsLn 32−$307K−$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$91K$64K$27K$0
Other employee benefitsLn 9$8K$5K$2K$0
Payroll taxesLn 10$7K$5K$2K$0
Management feesLn 11a$78K$78K$0$0
Accounting feesLn 11c$25K$13K$13K$0
Advertising and promotionLn 12$7K$7K$0$0
Office expensesLn 13$8K$3K$5K$0
Information technologyLn 14$1K$259$777$0
OccupancyLn 16$25K$24K$2K$0
TravelLn 17$3K$3K$0$0
Conferences, conventions and meetingsLn 19$460$460$0$0
InterestLn 20$491$0$491$0
Other expenses (24a–d)Ln 24−$224−$224$0$0
Total functional expensesLn 25$2.1M$2.0M$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.1M−$80K−$387K 990 PDF
FY2024 $1.9M$1.9M$0−$307K 990 PDF
FY2023 $2.4M$2.4M$0−$307K 990 PDF
FY2022 $725K$1.0M−$307K−$307K 990 PDF

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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 FY2025 990 (6 parts)
Part I · Summary $1,979,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,871,889$1,979,188
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,871,889$1,979,188
I-13 Grants and similar amounts paidPrior year $1,610,000$1,804,347
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $104,865$105,662
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,024$149,393
I-18 Total expensesPrior year $1,871,889$2,059,402
I-19 Revenue less expensesPrior year $0−$80,214
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,979,188 across 5 lines filed
VIII-1e Government grants$1,954,188
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$1,979,188
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,979,188
Part IX · Statement of functional expenses $2,059,402 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,804,347$1,804,347
IX-5 Pay of current officers, directors and key staffPrograms $64,120 · Management $27,000 · Fundraising $0$91,120
IX-9 Other employee benefitsPrograms $5,359 · Management $2,297 · Fundraising $0$7,656
IX-10 Payroll taxesPrograms $4,820 · Management $2,066 · Fundraising $0$6,886
IX-11a Management feesPrograms $77,985 · Management $0 · Fundraising $0$77,985
IX-11c Accounting feesPrograms $12,700 · Management $12,700 · Fundraising $0$25,400
IX-12 Advertising and promotionPrograms $7,440 · Management $0 · Fundraising $0$7,440
IX-13 Office expensesPrograms $3,272 · Management $4,692 · Fundraising $0$7,964
IX-14 Information technologyPrograms $259 · Management $777 · Fundraising $0$1,036
IX-16 OccupancyPrograms $23,814 · Management $1,592 · Fundraising $0$25,406
IX-17 TravelPrograms $3,435 · Management $0 · Fundraising $0$3,435
IX-19 Conferences, conventions and meetingsPrograms $460 · Management $0 · Fundraising $0$460
IX-20 InterestPrograms $0 · Management $491 · Fundraising $0$491
IX-24 Other expenses (24a–d)Programs −$224 · Management $0 · Fundraising $0−$224
IX-25 Total functional expensesPrograms $2,007,787 · Management $51,615 · Fundraising $0$2,059,402
Part X · Balance sheet $20,200 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $181,015$11,102
X-3 Pledges and grants receivableStart of year $2,000$5,869
X-9 Prepaid expenses and deferred chargesStart of year $1,812$3,229
X-16 Total assetsStart of year $207,207$20,200
X-17 Accounts payable and accrued expensesStart of year $37,761$323,169
X-24 Unsecured notes and loans payable$79,345
X-25 Other liabilitiesStart of year $21,850$4,492
X-26 Total liabilitiesStart of year $513,799$407,006
X-27 Net assets without donor restrictionsStart of year −$306,592−$386,806
X-32 Total net assets or fund balancesStart of year −$306,592−$386,806
X-33 Total liabilities and net assetsStart of year $207,207$20,200
Part XI · Reconciliation of net assets −$386,806 net assets at year end
XI-1 Total revenue$1,979,188
XI-2 Total expenses$2,059,402
XI-3 Revenue less expenses−$80,214
XI-4 Net assets at start of year−$306,592
XI-10 Net assets at end of year−$386,806

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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