Nonprofit · EIN 92-0605404
MAGNOLIA TRIBUNE INSTITUTE
Tax-exempt · FLORA, MS 39071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $699,365 | $642,959 | $56,406 | $594,046 | $0 | $594,046 |
| June 30, 2024 | 990 | $951,699 | $747,179 | $204,520 | $537,640 | $0 | $537,640 |
| June 30, 2023 | 990 | $686,601 | $353,482 | $333,119 | $333,119 | $0 | $333,119 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $696,702
- Program service revenue
- $0
- Investment income
- $2,663
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $301,532
- Salaries, compensation and benefits (total)
- $359,245
- Professional fundraising fees
- $0
- Occupancy
- $13,202
- Travel
- $12,524
- Depreciation
- $26,000
- Program services (functional)
- $471,668
- Management and general (functional)
- $65,758
- Fundraising (functional)
- $105,533
Balance sheet and other
- Total assets, start of year
- $537,640
- Total assets, end of year
- $594,046
- Total liabilities, end of year
- $0
- Net assets, end of year
- $594,046
- Net assets without donor restrictions
- $594,046
- Gross receipts
- $699,365
- Employees
- 4
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSSELL LATINO | CEO/SECRETARY Trustee or director, Officer | 40 | $166,957 |
| SPENCER RITCHIE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| LUCIEN SMITH | TREASURER Trustee or director, Officer | 1 | $0 |
| SPENCE FLATGARD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL LATINO | CEO/SECRETARY Trustee or director, Officer | 40 | $147,500 | $7,575 |
| SPENCER RITCHIE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| LUCIEN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSSELL LATINO | CEO/SECRETARY Trustee or director, Officer | 40 | $11,000 |
| SPENCER RITCHIE | CHAIRMAN Trustee or director | 1 | $0 |
| LUCIEN SMITH | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 128 CHESTNUT HILL RD, FLORA, MS 39071-8229
- In care of
- % SPENCE FLATGARD
- Principal officer (990 for 2024)
- RUSSELL LATINO, P O BOX 649, FLORA, MS 39071
- Signed the 990
- RUSSELL LATINO, CEO
- Phone
- (601) 899-2694
- Website
- MAGNOLIATRIBUNE.COM
- Return prepared by
- GRANTHAMPOOLE PLLC
Mission
WE ARE DEDICATED TO THE MISSION OF SUPPLYING CITIZENS WITH RELEVANT, TIMELY, AND TRUSTWORTHY INFORMATION ON THE ISSUES THAT IMPACT THEIR LIVES.
Program accomplishments
- THE INSTITUTE'S PRIMARY PROGRAM SERVICE IS THE OPERATION OF A NON-PROFIT DIGITAL ONLY NEWSROOM THAT PROVIDES DAILY NEWS, A DIVERSITY OF PERSPECTIVES ON IMPORTANT ISSUES, BUSINESS COVERAGE, AND CULTURAL COVERAGE OF ARTS AND ENTERTAINMENT. THE INSTITUTE PUBLISHES NEW ORIGINAL CONTENT 6 DAYS A WEEK AND DISTRIBUTES THAT CONTENT THROUGH ITS OWN NEWS SITE, A DAILY NEWSLETTER, SOCIAL MEDIA, AND THROUGH REPUBLICATION IN OTHER NEWS OUTLETS. TO EXECUTE ON ITS MISSION, THE INSTITUTE EMPLOYS BOTH FULL-TIME REPORTERS, AS WELL AS A STABLE OF INDEPENDENT CONTRACT WRITERS. ALL CONTENT PRODUCED BY THE INSTITUTE IS MADE AVAILABLE TO THE GENERAL PUBLIC AND TO OTHER NEWS PUBLICATIONS WHO WISH TO REPUBLISH FREE OF CHARGE.Expenses $471,668
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
- 92-0605404
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $594,046
- Income (IRS master file)
- $699,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $699,365 | $642,959 | $594,046 | IRS |
| 990 | June 2024 | $951,699 | $747,179 | $537,640 | IRS |
| 990 | June 2023 | $686,601 | $353,482 | $333,119 | XML |
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 92-0605404).
Questions about MAGNOLIA TRIBUNE INSTITUTE
- What is the EIN of MAGNOLIA TRIBUNE INSTITUTE?
- The employer identification number (EIN) of MAGNOLIA TRIBUNE INSTITUTE is 92-0605404.
- Is MAGNOLIA TRIBUNE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MAGNOLIA TRIBUNE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA TRIBUNE INSTITUTE 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 TRIBUNE INSTITUTE 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 TRIBUNE INSTITUTE 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 TRIBUNE INSTITUTE?
- The 990 for the year ended June 30, 2025 names RUSSELL LATINO.
- Who are the officers and directors of MAGNOLIA TRIBUNE INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $166,957 (RUSSELL LATINO, CEO/SECRETARY).
- How much revenue does MAGNOLIA TRIBUNE INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $699,365, expenses of $642,959 and total assets of $594,046 at year end.
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