Nonprofit · EIN 87-4656639
MAGNET HCCN
Tax-exempt · JACKSON, MS 39201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,979,188 | $2,059,402 | -$80,214 | $20,200 | $407,006 | -$386,806 |
| December 31, 2024 | 990 | $1,871,889 | $1,871,889 | $0 | $207,207 | $513,799 | -$306,592 |
| December 31, 2023 | 990 (amended) | $2,354,220 | $2,354,220 | $0 | $574,364 | $880,956 | -$306,592 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,979,188
- of which government grants
- $1,954,188
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,804,347
- Compensation of officers, directors and key employees
- $91,120
- Salaries, compensation and benefits (total)
- $105,662
- Professional fundraising fees
- $0
- Accounting fees
- $25,400
- Occupancy
- $25,406
- Travel
- $3,435
- Program services (functional)
- $2,007,787
- Management and general (functional)
- $51,615
Balance sheet and other
- Total assets, start of year
- $207,207
- Total assets, end of year
- $20,200
- Total liabilities, end of year
- $407,006
- Net assets, end of year
- -$386,806
- Net assets without donor restrictions
- -$386,806
- Gross receipts
- $1,979,188
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- MS
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 |
|---|---|---|---|
| Tiffany Grant | Executive Director Key employee | 40 | $90,002 |
| Janice Robinson | President Trustee or director | 2 | $0 |
| Belinda Dixon | Vice-President Trustee or director | 2 | $0 |
| Dr Jasmine Chapman | Secretary Trustee or director | 2 | $0 |
| Aurelia Jones-Taylor | Treasurer Trustee or director | 2 | $0 |
| Wilber Jones | Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tiffany Grant | Executive Director Key employee | 40 | $90,002 |
| Dr Rozell Chapman | President Trustee or director | 2 | $0 |
| Janice Robinson | Vice-President Trustee or director | 2 | $0 |
| Dr Jasmine Chapman | Secretary Trustee or director | 2 | $0 |
| Aurelia Jones-Taylor | Treasurer Trustee or director | 2 | $0 |
| Wilber Jones | Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tiffany Grant | Executive Director Key employee | 40 | $97,240 |
| Dr Rozell Chapman | President Trustee or director | 2 | $0 |
| Janice Robinson | Vice-President Trustee or director | 2 | $0 |
| Dr Jasmine Chapman | Secretary Trustee or director | 2 | $0 |
| Aurelia Jones-Taylor | Treasurer Trustee or director | 2 | $0 |
| Wilber Jones | Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 210 E CAPITOL ST STE 920, JACKSON, MS 39201-2329
- In care of
- % ROZELL CHAPMAN MD
- Principal officer (990 for 2025)
- Janice Robinson, 17280 Highway 17, Lexington, MS 39095
- Signed the 990
- Janice Robinson, President
- Phone
- (601) 353-5423
- Return prepared by
- Brown Ewing & Co PA
Mission
Exclusively religious, charitable, scientific, literary or educational purposes, including for such purposes the making of distributions to organizations that qualify as exempt organizations under Section 501 (c) 3 of the Internal Revenue Code of 1986.
Program accomplishments
- Distribution of Sub-grants to various community health centers.Expenses $2,007,787 · grants $1,804,347
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 | 990 on file |
IRS record
- EIN
- 87-4656639
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G90)
- Assets (IRS master file)
- $20,200
- Income (IRS master file)
- $1,979,188
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,979,188 | $2,059,402 | $20,200 | IRS |
| 990 | December 2024 | $1,871,889 | $1,871,889 | $207,207 | XML |
| 990 | December 2023 | $2,354,220 | $2,354,220 | $574,364 | XML |
| 990 | December 2022 | $725,000 | $1,031,593 | $202,931 | 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 87-4656639).
Questions about MAGNET HCCN
- What is the EIN of MAGNET HCCN?
- The employer identification number (EIN) of MAGNET HCCN is 87-4656639.
- Is MAGNET HCCN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MAGNET HCCN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNET HCCN 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 MAGNET HCCN 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 MAGNET HCCN 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 MAGNET HCCN?
- The 990 for the year ended December 31, 2025 names Janice Robinson.
- Who are the officers and directors of MAGNET HCCN?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $90,002 (Tiffany Grant, Executive Director).
- How much revenue does MAGNET HCCN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,979,188, expenses of $2,059,402 and total assets of $20,200 at year end.
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All nonprofits in JACKSON · Mississippi · Voluntary health associations and medical disciplines