Nonprofit · EIN 90-0504363
MAGNOLIA MEDICAL FOUNDATION
Tax-exempt · JACKSON, MS 39204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $870,324 | $712,237 | $158,087 | $598,393 | $39,108 | $559,285 |
| December 31, 2023 | 990 | $833,744 | $819,292 | $14,452 | $459,707 | $122,444 | $337,263 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $869,257
- Investment income
- $1,067
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $336,203
- Salaries, compensation and benefits (total)
- $364,786
- Professional fundraising fees
- $0
- Accounting fees
- $26,701
- Occupancy
- $23,143
- Travel
- $8,820
- Program services (functional)
- $514,709
- Management and general (functional)
- $197,528
Balance sheet and other
- Total assets, start of year
- $459,707
- Total assets, end of year
- $598,393
- Total liabilities, end of year
- $39,108
- Net assets, end of year
- $559,285
- Land, buildings and equipment
- $3,990
- Net assets without donor restrictions
- $559,285
- Gross receipts
- $870,324
- Employees
- 13
- Year formed
- 2009
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AL J THOMPSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KENNETH BROWN | TREASUER/SECRE Trustee or director, Officer | 5 | $0 |
| NEDRA EDMONDS | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AL J THOMPSON III | PRESIDENT Trustee or director, Officer | – | $0 |
| KENNETH BROWN | SECRETARY/TR Trustee or director, Officer | – | $0 |
| NEDRA EDMONDS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1230 RAYMOND RD STE 600, JACKSON, MS 39204-4579
- In care of
- % ERICA THOMPSON
- Mailing address (990-N for 2015)
- PO Box 1100 PMB 10414, Raymond MS 39154
- Principal officer (990 for 2024)
- ERICA THOMPSON, 4345 ADAMS STATION ROAD, EDWARDS, MS 39066
- Principal officer (990-N for 2015)
- Al Jay Thompson III, PO Box 1100 PMB 10414, Raymond MS 39154
- Signed the 990
- ERICA THOMPSON, DIRECTOR
- Phone
- (601) 613-3737
- Website
- www.magmedfound.org
- Return prepared by
- ACCUCOM
Mission
SERVICES SUCH AS CANCER, DIABETES, HEART DISEASE AND STROKE TO HIGH FOUNDED IN 2009 TO PROVIDE PREVENTIVE HEALTH SERVICES INCLUDING HEALTH SCEENING, HEALTH EDUCAITON, AND PROMOTION OF CHRONIC MANAGEMENT
Program accomplishments
- SEE PART III, LINE 1Expenses $712,237 · revenue $869,257
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
- 90-0504363
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I43)
- Assets (IRS master file)
- $598,393
- Income (IRS master file)
- $870,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $870,324 | $712,237 | $598,393 | XML |
| 990 | December 2023 | $833,744 | $819,292 | $459,707 | XML |
| 990 | December 2022 | $715,357 | $650,029 | $380,692 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Al Jay Thompson III | December 31, 2015 | ≤ $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 90-0504363).
Questions about MAGNOLIA MEDICAL FOUNDATION
- What is the EIN of MAGNOLIA MEDICAL FOUNDATION?
- The employer identification number (EIN) of MAGNOLIA MEDICAL FOUNDATION is 90-0504363.
- Is MAGNOLIA MEDICAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MAGNOLIA MEDICAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA MEDICAL FOUNDATION 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 MEDICAL FOUNDATION 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 MEDICAL FOUNDATION 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 MEDICAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names ERICA THOMPSON.
- Who are the officers and directors of MAGNOLIA MEDICAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA MEDICAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $870,324, expenses of $712,237 and total assets of $598,393 at year end.
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