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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 20-3192311

MAGNOLIA ARTS CENTER INC

Tax-exempt · GREENVILLE, NC 27833

Financials

$106K$104K2023$85K$79K2024
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA ARTS CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$84,639$78,544$6,095$76,274$0$76,274
December 31, 2023990-EZ$106,322$103,954$2,368$70,179$0$70,179
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$34,120
Program service revenue
$42,529
Net income from sales of inventory
$7,990

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$4,676
Occupancy
$24,874
Printing, publications and postage
$456
Other expenses
$48,538
Program services (functional)
$35,860

Balance sheet and other

Total assets, start of year
$70,179
Total assets, end of year
$76,274
Total liabilities, end of year
$0
Net assets, end of year
$76,274
Cash, savings and investments
$31,230
Gross receipts
$86,782

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KIM TURNAGEBOARD MEMBER2$0
MITCH BUTTSPRESIDENT20$0
GINGER WILSONTREASURER5$0
PATRICK REIDBOARD MEMBER2$0
VIRLIKA PRAYERBOARD MEMBER2$0
DOROTHEA HANDRONVICE PRESIDENT5$0
JORDAN COLEMANBOARD MEMBER2$0
ASHKA LEWISSECRETARY5$0
JUSTIN COLLISBOARD MEMBER2$0
LANA MILLERBOARD MEMBER2$0
MONTY FRANKLINBOARD MEMBER2$0
JEREMIAH REIDBOARD MEMBER2$0
ALEX SCANLANBOARD MEMBER2$0
990-EZ for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
KIM TURNAGEBOARD MEMBER2$0
MITCH BUTTSPRESIDENT20$0
GINGER WILSONTREASURER5$0
PATRICK REIDBOARD MEMBER2$0
VIRLIKA PRAYERBOARD MEMBER2$0
DOROTHEA HANDRONVICE PRESIDENT5$0
WAYNE HEISERBOARD MEMBER2$0
ASHKA LEWISSECRETARY5$0
GENE EAKESBOARD MEMBER2$0
CHRISTINE BATESBOARD MEMBER2$0
MONTY FRANKLINBOARD MEMBER2$0
JEREMIAH REIDBOARD MEMBER2$0

Address and contacts

Address (IRS master file)
PO BOX 30792, GREENVILLE, NC 27833-0792
In care of
% MITCH BUTTS
Mailing address (990-N for 2014)
PO BOX 20471, Greenville NC 27858
Principal officer (990-N for 2014)
Kevin Lee, PO Box 20471, Greenville NC 27858
Signed the 990-EZ
MITCH BUTTS, PRESIDENT
Phone
(252) 355-2653
Return prepared by
Murphy & Bunch CPAs PA

Mission

SEE SCHEDULE O

990-EZ for the year ended December 31, 2024

Program accomplishments

  • 12 PRODUCTION EVENTS, & MULTIPLE INTENSIVE & INSTRUCTIONAL EVENTS IN 2024
    Expenses $35,860

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for MAGNOLIA ARTS CENTER INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
20-3192311
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$76,274
Income (IRS master file)
$86,782

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$84,639$78,544$76,274XML
990-EZDecember 2023$106,322$103,954$70,179XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2014
Officer: Kevin Lee
December 31, 2014≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3192311).

Questions about MAGNOLIA ARTS CENTER INC

What is the EIN of MAGNOLIA ARTS CENTER INC?
The employer identification number (EIN) of MAGNOLIA ARTS CENTER INC is 20-3192311.
Is MAGNOLIA ARTS CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to MAGNOLIA ARTS CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNOLIA ARTS CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAGNOLIA ARTS CENTER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNOLIA ARTS CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of MAGNOLIA ARTS CENTER INC?
The 990-N for 2014 names Kevin Lee.
Who are the officers and directors of MAGNOLIA ARTS CENTER INC?
The 990-EZ for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does MAGNOLIA ARTS CENTER INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $84,639, expenses of $78,544 and total assets of $76,274 at year end.

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