Nonprofit · EIN 87-2155518
MAGNOLIA IMPACT SOLUTIONS
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $368,766 | $269,236 | $99,530 | $152,626 | $12,875 | $139,751 |
| December 31, 2024 | 990-EZ | $143,470 | $119,321 | $24,149 | $41,184 | $813 | $40,371 |
| December 31, 2023 | 990-EZ | $78,091 | $90,618 | -$12,527 | $50,492 | $34,270 | $16,222 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $150
- Program service revenue
- $367,128
- Investment income
- $1,488
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,527
- Salaries, compensation and benefits (total)
- $38,527
- Professional fundraising fees
- $0
- Legal fees
- $6,747
- Accounting fees
- $670
- Travel
- $4,306
- Depreciation
- $3,362
- Program services (functional)
- $232,832
- Management and general (functional)
- $12,407
- Fundraising (functional)
- $23,997
Balance sheet and other
- Total assets, start of year
- $41,184
- Total assets, end of year
- $152,626
- Total liabilities, end of year
- $12,875
- Net assets, end of year
- $139,751
- Net assets without donor restrictions
- $139,751
- Gross receipts
- $368,766
- Employees
- 2
- Volunteers
- 4
- Year formed
- 2020
- State of legal domicile
- PA
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 |
|---|---|---|---|
| James Woodss | Board Member Trustee or director | – | $0 |
| Anastasiya Ghosh | Board Member Trustee or director | – | $0 |
| John Thompson | Board Member Trustee or director | – | $0 |
| Vibhat Nair | CEO Officer | 10 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vibhat Nair | CEO | 10 | $0 |
| Steve Wanner | Board Member | 0 | $0 |
| James Woods | Board Member | 0 | $0 |
| Anastasiya Ghosh | Board Member | 0 | $0 |
| John Thompson | Board Member | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vibhat Nair | CEO | 10 | $14,800 |
| Steve Wanner | Board Member | 0 | $0 |
| James Woods | Board Member | 0 | $0 |
| Anastasiya Ghosh | Board Member | 0 | $0 |
| John Thompson | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 CHESTNUT ST STE 2 PMB 1161, PHILADELPHIA, PA 19102-2700
- In care of
- % VIBHAT NAIR
- Mailing address (990-N for 2022)
- 1500 Chestnut St Ste 2 1161, Philadelphia PA 19102
- Principal officer (990 for 2025)
- andrw benvenuti, 1500 Chestnut St STE 2 1161, Philadelphia, PA 19102
- Principal officer (990-N for 2022)
- Vibhat Nair, 1500 Chestnut St Ste 2 1161, Philadelphia PA 19102
- Signed the 990
- andrw benvenuti, CEO
- Phone
- (215) 645-2462
- Website
- magnoliaimpact.org
- Return prepared by
- Andrew Benvenuti CPA
Mission
Through education and workshops they are committed to build a coaltion of partners committed to using the power of data to enhance their efforts to improve the Financial health of all people, particularly people of color and women
Program accomplishments
- Financial education and trainingExpenses $232,832 · revenue $367,128
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-2155518
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $152,626
- Income (IRS master file)
- $368,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $368,766 | $269,236 | $152,626 | IRS |
| 990-EZ | December 2024 | $143,470 | $119,321 | $41,184 | IRS |
| 990-EZ | December 2023 | $78,091 | $90,618 | $50,492 | XML |
| 990-N for 2022 Officer: Vibhat Nair | December 31, 2022 | ≤ $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 87-2155518).
Questions about MAGNOLIA IMPACT SOLUTIONS
- What is the EIN of MAGNOLIA IMPACT SOLUTIONS?
- The employer identification number (EIN) of MAGNOLIA IMPACT SOLUTIONS is 87-2155518.
- Is MAGNOLIA IMPACT SOLUTIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MAGNOLIA IMPACT SOLUTIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA IMPACT SOLUTIONS 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 IMPACT SOLUTIONS 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 IMPACT SOLUTIONS 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 IMPACT SOLUTIONS?
- The 990 for the year ended December 31, 2025 names andrw benvenuti.
- Who are the officers and directors of MAGNOLIA IMPACT SOLUTIONS?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA IMPACT SOLUTIONS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $368,766, expenses of $269,236 and total assets of $152,626 at year end.
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