Nonprofit · EIN 71-0397527
MAGNOLIA SPECIALIZED SERVICES INC
Tax-exempt · MAGNOLIA, AR 71754
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,681,592 | $3,559,046 | $122,546 | $2,325,519 | $166,521 | $2,158,998 |
| June 30, 2024 | 990 | $3,511,565 | $3,685,252 | -$173,687 | $2,139,199 | $152,617 | $1,986,582 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,648,861
- of which government grants
- $3,614,479
- Program service revenue
- $0
- Investment income
- $24,082
- Net gain from sales of assets
- $4,912
- Net income from fundraising events
- $8,649
- Other revenue
- $8,649
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $84,522
- Other salaries and wages
- $1,541,940
- Salaries, compensation and benefits (total)
- $2,064,638
- Professional fundraising fees
- $0
- Accounting fees
- $10,224
- Travel
- $19,611
- Depreciation
- $129,229
- Program services (functional)
- $3,348,361
- Management and general (functional)
- $210,685
Balance sheet and other
- Total assets, start of year
- $2,139,199
- Total assets, end of year
- $2,325,519
- Total liabilities, end of year
- $166,521
- Net assets, end of year
- $2,158,998
- Land, buildings and equipment
- $939,977
- Publicly traded securities
- $311,617
- Gross receipts
- $3,706,167
- Employees
- 115
- Year formed
- 1967
- State of legal domicile
- AR
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY CHAFFIN | BOARD MEMBER Trustee or director | – | $0 |
| CHRIS GILLIAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CAROLYN GREENE | BOARD MEMBER Trustee or director | – | $0 |
| SHIRLYE HOPKINS | SECRETARY-TR Trustee or director, Officer | – | $0 |
| PAULA SMITH | BOARD MEMBER Trustee or director | – | $0 |
| ROBBYE TAYLOR | BOARD MEMBER Trustee or director | – | $0 |
| ANGIE WATERS | BOARD MEMBER Trustee or director | – | $0 |
| MARGO WEISER | PRESIDENT Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY CHAFFIN | BOARD MEMBER Trustee or director | – | $0 |
| CHRIS GILLIAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CAROLYN GREENE | BOARD MEMBER Trustee or director | – | $0 |
| SHIRLYE HOPKINS | SECRETARY-TR Trustee or director, Officer | – | $0 |
| PAULA SMITH | BOARD MEMBER Trustee or director | – | $0 |
| ROBBYE TAYLOR | BOARD MEMBER Trustee or director | – | $0 |
| ANGIE WATERS | BOARD MEMBER Trustee or director | – | $0 |
| MARGO WEISER | PRESIDENT Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 595, MAGNOLIA, AR 71754-0595
- Principal officer (990 for 2024)
- SARA CARRINGTON
- Signed the 990
- SARA CARRINGTON, EXECUTIVE DIRECTOR
- Phone
- (870) 234-6118
- Return prepared by
- WOOD AND WOOD LTD
Mission
EDUCATION OF THE MENTALLY HANDICAPPED
Program accomplishments
- DAY PROGRAM FOR ADULT MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES. THIS PROGRAM SERVICES ABOUT 50 INDIVIDUALS PER MONTH.Expenses $971,567
- AGES 3-5 PRESCHOOL FOR CHILDREN WITH DEVELOPMENTAL DELAYS. THIS PROGRAM SERVES ABOUT 30 CHILDREN PER MONTH.Expenses $1,988,795
- WAIVER PROGRAM IS A HOME BASED PROGRAM FOR MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES.Expenses $387,999
- RESIDENTIAL FACILITIES FOR MEN AND WOMEN WITH DEVELOPMENTAL DISABILITIES. THIS PROGRAM SERVES 32 CLIENTS PER MONTH.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0397527
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P82Z)
- Assets (IRS master file)
- $2,325,519
- Income (IRS master file)
- $3,706,167
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,681,592 | $3,559,046 | $2,325,519 | XML |
| 990 | June 2024 | $3,511,565 | $3,685,252 | $2,139,199 | XML |
| 990 | June 2023 | $3,276,414 | $3,534,135 | $2,343,833 | IRS |
| 990 | June 2022 | $3,668,699 | $3,093,078 | $2,585,781 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 71-0397527).
Questions about MAGNOLIA SPECIALIZED SERVICES INC
- What is the EIN of MAGNOLIA SPECIALIZED SERVICES INC?
- The employer identification number (EIN) of MAGNOLIA SPECIALIZED SERVICES INC is 71-0397527.
- Is MAGNOLIA SPECIALIZED SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to MAGNOLIA SPECIALIZED SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA SPECIALIZED SERVICES 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 SPECIALIZED SERVICES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA SPECIALIZED SERVICES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAGNOLIA SPECIALIZED SERVICES INC?
- The 990 for the year ended June 30, 2025 names SARA CARRINGTON.
- Who are the officers and directors of MAGNOLIA SPECIALIZED SERVICES INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA SPECIALIZED SERVICES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,681,592, expenses of $3,559,046 and total assets of $2,325,519 at year end.
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