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Nonprofit · EIN 58-1336476

MAGNIFICENT DAY CARE CENTER INC

Tax-exempt · ATLANTA, GA 30311

Financials

$1.1M$800K2023$1.1M$867K2024
Revenue Expenses · by fiscal year end
Financials of MAGNIFICENT DAY CARE CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,079,773$866,626$213,147$1,060,801$21,054$1,039,747
December 31, 2023990$1,075,668$800,003$275,665$853,095$26,495$826,600
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$92,172
of which government grants
$92,172
Program service revenue
$987,601
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$490,555
Salaries, compensation and benefits (total)
$522,952
Professional fundraising fees
$0
Legal fees
$4,062
Travel
$3,585
Depreciation
$23,459
Program services (functional)
$866,626

Balance sheet and other

Total assets, start of year
$853,095
Total assets, end of year
$1,060,801
Total liabilities, end of year
$21,054
Net assets, end of year
$1,039,747
Land, buildings and equipment
$218,924
Net assets without donor restrictions
$1,039,747
Gross receipts
$1,079,773
Employees
33
Year formed
1978
State of legal domicile
GA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
ROBERT S PHILLIPSEXECUTIVE DIRECTOR
Trustee or director, Officer
60$78,900
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
ROBERT S PHILLIPSEXECUTIVE DIRECTOR
Trustee or director, Officer
60$67,000

Address and contacts

Address (IRS master file)
3155 CUSHMAN CIR SW, ATLANTA, GA 30311-1921
In care of
% ROBERT PHILLIPS
Principal officer (990 for 2024)
ROBERT S PHILLIPS, 465 FIELDING LANE, Atlanta, GA 30311
Signed the 990
ROBERT PHILLIPS, EXECUTIVE DIRECTOR
Phone
(404) 691-0978
Return prepared by
SUMMIT CPA & FIN SVCS INC

Mission

CHILD CARE FOR LOW INCOME-UNDERPRIVILEGED.

990 for the year ended December 31, 2024

Program accomplishments

  • GA CAPS $947,627
    Expenses $760,566 · revenue $947,627
  • FOOD PROGRAM CACFP (GRANT)$92,172
    Expenses $73,977 · revenue $92,172
  • ENROLLMENT $39,974
    Expenses $32,083 · revenue $39,974

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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1336476
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,060,801
Income (IRS master file)
$1,079,773

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,079,773$866,626$1,060,801IRS
990December 2023$1,075,668$800,003$853,095XML
990December 2022$763,078$597,453$552,508IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 58-1336476).

Questions about MAGNIFICENT DAY CARE CENTER INC

What is the EIN of MAGNIFICENT DAY CARE CENTER INC?
The employer identification number (EIN) of MAGNIFICENT DAY CARE CENTER INC is 58-1336476.
Is MAGNIFICENT DAY CARE CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to MAGNIFICENT DAY CARE CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNIFICENT DAY CARE 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 MAGNIFICENT DAY CARE 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 MAGNIFICENT DAY CARE CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAGNIFICENT DAY CARE CENTER INC?
The 990 for the year ended December 31, 2024 names ROBERT S PHILLIPS.
Who are the officers and directors of MAGNIFICENT DAY CARE CENTER INC?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $78,900 (ROBERT S PHILLIPS, EXECUTIVE DIRECTOR).
How much revenue does MAGNIFICENT DAY CARE CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,079,773, expenses of $866,626 and total assets of $1,060,801 at year end.

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