Nonprofit · EIN 36-5072436
MAGNOLIA FOUNDATION
Tax-exempt · COOKEVILLE, TN 38501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $635,256 | $550,550 | $84,706 | $276,559 | $0 | $276,559 |
| December 31, 2024 | 990 | $440,202 | $309,371 | $130,831 | $192,853 | $1,000 | $191,853 |
| June 13, 2024 | 990-EZ | $66,947 | $5,925 | $61,022 | $61,022 | – | $61,022 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $658,765
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$46,854
- Net income from sales of inventory
- $23,345
- Other revenue
- -$23,509
Expenses
- Grants and similar amounts paid
- $302,449
- Compensation of officers, directors and key employees
- $148,000
- Other salaries and wages
- $55,000
- Salaries, compensation and benefits (total)
- $203,000
- Professional fundraising fees
- $0
- Occupancy
- $1,219
- Travel
- $3,029
- Program services (functional)
- $411,243
- Management and general (functional)
- $88,992
- Fundraising (functional)
- $50,315
Balance sheet and other
- Total assets, start of year
- $192,853
- Total assets, end of year
- $276,559
- Total liabilities, end of year
- $0
- Net assets, end of year
- $276,559
- Net assets without donor restrictions
- $276,559
- Gross unrelated business income
- -$23,509
- Gross receipts
- $682,110
- Employees
- 0
- Volunteers
- 40
- Year formed
- 2023
- State of legal domicile
- TN
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Collins | Founder CEO Trustee or director, Officer | 40 | $113,500 |
| Macy Collins | Founder Trustee or director | 15 | $34,500 |
| Amanda Cranford | Director Trustee or director | 0.1 | $0 |
| Allison Dorris | Director Trustee or director | 0.1 | $0 |
| Justin Dorris | Director Trustee or director | 0.1 | $0 |
| Zach Henson | Director Trustee or director | 0.1 | $0 |
| Jenny Stites | Director Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Collins | Founder CEO Trustee or director, Officer | 40 | $76,154 |
| Macy Collins | Founder Trustee or director | 15 | $25,385 |
| Amanda Cranford | Director Trustee or director | 0.1 | $0 |
| Alison Dorris | Director Trustee or director | 0.1 | $0 |
| Justin Dorris | Director Trustee or director | 0.1 | $0 |
| Zach Henson | Director Trustee or director | 0.1 | $0 |
| Jenny Stites | Director Trustee or director | 0.1 | $0 |
990-EZ for the year ended June 13, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Collins | Founder | 5 | $0 |
| Macy Collins | Founder | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4972 CEDAR CREEK CIR, COOKEVILLE, TN 38501-9621
- In care of
- % MATTHEW COLLINS
- Principal officer (990 for 2025)
- Matthew Collins, 4972 CEDAR CREEK CIR, Cookeville, TN 385019621
- Signed the 990
- Matthew Collins, Founder CEO
- Phone
- (615) 491-0560
Mission
To serve families who have experienced child loss by providing financial assistance with funeral-related expenses access to licensed professional counseling and long-term commemorative care.
Program accomplishments
- Covering expenses associated with the funeral burial or cremation of minor children.Expenses $308,886 · grants $250,536
- Covering the cost of licensed professional counseling services for families who have lost minor children.Expenses $70,931 · grants $34,755
- Honoring and acknowledging the children lost at various milestones and on special days.Expenses $31,426 · grants $17,158
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 36-5072436
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $276,559
- Income (IRS master file)
- $682,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $635,256 | $550,550 | $276,559 | IRS |
| 990 | December 2024 | $440,202 | $309,371 | $192,853 | XML |
| 990-EZ | June 2024 | $66,947 | $5,925 | $61,022 | IRS |
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 36-5072436).
Questions about MAGNOLIA FOUNDATION
- What is the EIN of MAGNOLIA FOUNDATION?
- The employer identification number (EIN) of MAGNOLIA FOUNDATION is 36-5072436.
- Is MAGNOLIA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MAGNOLIA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA FOUNDATION 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 FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAGNOLIA FOUNDATION?
- The 990 for the year ended December 31, 2025 names Matthew Collins.
- Who are the officers and directors of MAGNOLIA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $113,500 (Matthew Collins, Founder CEO).
- How much revenue does MAGNOLIA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $635,256, expenses of $550,550 and total assets of $276,559 at year end.
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