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Nonprofit · EIN 57-0789797

MAGNOLIA PLANTATION FOUNDATION

Tax-exempt · CHARLESTON, SC 29414

Financials

$204K$163K2023$190K$80K2024
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA PLANTATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$189,889$80,306$109,583$3,103,213$0$3,103,213
December 31, 2023990-PF$203,572$163,282$40,290$2,993,630$0$2,993,630
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$63,407
Dividends
$87,701
Net gain from sales of assets
$38,781

Expenses

Grants and similar amounts paid
$43,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$43,000
Excise tax on investment income
$1,240

Balance sheet and other

Total assets, start of year
$2,993,630
Total assets, end of year
$3,103,213
Total liabilities, end of year
$0
Net assets, end of year
$3,103,213
Fair market value of assets
$4,493,853
Qualifying distributions
$43,000
Net investment income
$126,482

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
FERNANDA MOORE
103 N QUEEN STREET, CHESTERTOWN, MD 21620
TRUSTEE0$0
TAYLOR NELSON
3550 ASHLEY RIVER ROAD, CHARLESTON, SC 29414
TRUSTEE0$0
J DRAYTON HASTIE III
230 HAMPTON GRANT COURT, COLUMBIA, SC 29209
TRUSTEE0$0
DYLAN S NELSON
1232 N WEBER STREET, COLORADO SPRINGS, CO 80903
TRUSTEE0$0
WINSLOW W HASTIE
117 MARY ELLEN DRIVE, CHARLESTON, SC 29403
TRUSTEE0$0
J DRAYTON HASTIE JR
10 PICKNEY LANDING DR, SHELDON, SC 29941
TRUSTEE0$0
NONA H VALIUNAS
4203 SPRING ISLAND, OKATIE, SC 29909
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
FERNANDA MOORE
103 N QUEEN STREET, CHESTERTOWN, MD 21620
TRUSTEE0$0
TAYLOR NELSON
3550 ASHLEY RIVER ROAD, CHARLESTON, SC 29414
TRUSTEE0$0
J DRAYTON HASTIE III
230 HAMPTON GRANT COURT, COLUMBIA, SC 29209
TRUSTEE0$0
DYLAN S NELSON
1232 N WEBER STREET, COLORADO SPRINGS, CO 80903
TRUSTEE0$0
WINSLOW W HASTIE
117 MARY ELLEN DRIVE, CHARLESTON, SC 29403
TRUSTEE0$0
J DRAYTON HASTIE JR
10 PICKNEY LANDING DR, SHELDON, SC 29941
TRUSTEE0$0
NONA H VALIUNAS
4203 SPRING ISLAND, OKATIE, SC 29909
TRUSTEE0$0

Address and contacts

Address (IRS master file)
3550 ASHLEY RIVER RD, CHARLESTON, SC 29414-7109
Signed the 990-PF
WINSLOW HASTIE, TRUSTEE
Phone
(843) 571-1266
Return prepared by
BAUKNIGHT PIETRAS & STORMER PA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
57-0789797
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1985
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$3,103,213
Income (IRS master file)
$820,169

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$189,889$80,306$3,103,213IRS
990-PFDecember 2023$203,572$163,282$2,993,630XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 57-0789797).

Questions about MAGNOLIA PLANTATION FOUNDATION

What is the EIN of MAGNOLIA PLANTATION FOUNDATION?
The employer identification number (EIN) of MAGNOLIA PLANTATION FOUNDATION is 57-0789797.
Is MAGNOLIA PLANTATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to MAGNOLIA PLANTATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MAGNOLIA PLANTATION FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MAGNOLIA PLANTATION FOUNDATION 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 PLANTATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of MAGNOLIA PLANTATION FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does MAGNOLIA PLANTATION FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $189,889, expenses of $80,306 and total assets of $3,103,213 at year end.

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