Nonprofit · EIN 88-3274481
MAGNOLIA MUSICAL THEATRE
Tax-exempt · DRIPPING SPGS, TX 78620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $313,842 | $341,753 | -$27,911 | $13,924 | $25,735 | -$11,811 |
| December 31, 2023 | 990 | $310,598 | $302,852 | $7,746 | $7,746 | $0 | $7,746 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $313,641
- Program service revenue
- $0
- Investment income
- $201
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $135,252
- Salaries, compensation and benefits (total)
- $135,252
- Professional fundraising fees
- $0
- Accounting fees
- $692
- Occupancy
- $6,596
- Program services (functional)
- $321,162
- Management and general (functional)
- $20,591
Balance sheet and other
- Total assets, start of year
- $7,746
- Total assets, end of year
- $13,924
- Total liabilities, end of year
- $25,735
- Net assets, end of year
- -$11,811
- Net assets without donor restrictions
- -$11,811
- Gross receipts
- $313,842
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2022
- State of legal domicile
- TX
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Harper | Director Trustee or director | 5 | $0 |
| Ray DeJohn | Director Trustee or director | 5 | $0 |
| Kailynn L Cannata | Secratary Trustee or director | 5 | $0 |
| Jason Guin | Director Trustee or director | 5 | $0 |
| Joseph Banks | Director Trustee or director | 5 | $0 |
| Andrew Cannata | Executive Artistic Director Officer, Key employee | 40 | $0 |
| Brandon Harper | President Officer | 5 | $0 |
| Nebiat Yeman | Treasurer Officer | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Cannata | Executive Artistic Director Key employee | 40 | $0 |
| Brandon Harper | President Officer | 5 | $0 |
| Lisa Harper | Director Trustee or director | 5 | $0 |
| Nebiat Yemam | Treasurer Officer | 4 | $0 |
| Ray DeJohn | Director Trustee or director | 4 | $0 |
| Kailynn Loving Cannata | Secretary Trustee or director | 5 | $0 |
| Jason Guin | Director Trustee or director | 5 | $0 |
| Joseph Banks | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 174 LLOYD LN, DRIPPING SPGS, TX 78620-1415
- In care of
- % ANDREW CANNATA
- Mailing address (990-N for 2022)
- 174 Lloyd Lane, Dripping Springs TX 78620
- Principal officer (990 for 2024)
- Andrew Cannata, 174 Lloyd Lane, Dripping Springs, TX 78620
- Principal officer (990-N for 2022)
- Andrew Cannata, 174 Lloyd Lane, Dripping Springs TX 78620
- Signed the 990
- ANDREW CANNATA, Executive Artistic Director
- Phone
- (512) 565-4525
- Website
- https://magnoliamt.org
- Return prepared by
- Bruce Sieffert PC CPA
Mission
The primary purpose is to provide musical theater in a public setting for community enjoyment.
Program accomplishments
- Free summer musical in Bee Cave, TX presentation of Footloose as entertainment opportunity for the local community of all ages.Expenses $321,162 · grants $291,502 · revenue $22,138
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 | Not 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
- 88-3274481
- 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)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $13,924
- Income (IRS master file)
- $313,842
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $313,842 | $341,753 | $13,924 | XML |
| 990 | December 2023 | $310,598 | $302,852 | $7,746 | XML |
| 990-N for 2022 Officer: Andrew Cannata | 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 88-3274481).
Questions about MAGNOLIA MUSICAL THEATRE
- What is the EIN of MAGNOLIA MUSICAL THEATRE?
- The employer identification number (EIN) of MAGNOLIA MUSICAL THEATRE is 88-3274481.
- Is MAGNOLIA MUSICAL THEATRE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MAGNOLIA MUSICAL THEATRE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA MUSICAL THEATRE 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 MUSICAL THEATRE 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 MUSICAL THEATRE 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 MAGNOLIA MUSICAL THEATRE?
- The 990 for the year ended December 31, 2024 names Andrew Cannata.
- Who are the officers and directors of MAGNOLIA MUSICAL THEATRE?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA MUSICAL THEATRE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $313,842, expenses of $341,753 and total assets of $13,924 at year end.
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- PRINCIPLE BROADCASTING FOUNDATION EIN 74-2934151 · last filed 990-N for 2024
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All nonprofits in DRIPPING SPGS · Texas · Arts, culture and humanities