Form 990 for tax year 2024
Filed by MAGNOLIA HOSPITAL FOUNDATION INC.
Totals
- Total revenue
- $222,289
- Total expenses
- $12,207
- Contributions and grants received
- $209,345
- Grants paid
- $2,000
- Program service revenue
- $0
- Investment income
- $12,944
- Other revenue
- $0
- Total assets, end of year
- $656,263
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $656,263
- Program services expenses (Part IX)
- $2,000
- Management and general expenses
- $10,207
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,000
Program services were 16.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$209,345
-
3 · Investment income
total $12,944 · excluded $12,944
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,000 · program services $2,000
-
11c · Fees: accounting
total $1,100 · management and general $1,100
-
12 · Advertising and promotion
total $5,818 · management and general $5,818
-
13 · Office expenses
total $3,289 · management and general $3,289
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,167 · end of year $1,167
-
2 · Savings and temporary cash investments
beginning of year $445,014 · end of year $655,096
-
27 · Net assets without donor restrictions
beginning of year $446,181 · end of year $656,263
Mission and programs · 2024
Mission
THE FOUNDATION RAISES MONEY TO FOSTER, SUPPORT AND ENCOURAGE THE ACTIVITIES AND PURPOSES OF MAGNOLIA CITY HOSPITAL
-
THE FOUNDATION RAISES MONEY TO FOSTER, SUPPORT AND ENCOURAGE THE ACTIVITIES AND PURPOSES OF MAGNOLIA CITY HOSPITAL
Expenses $2,000 · Grants $2,000
As filed on the 2024 return.
Listed in Part VII
-
Barbara BeeneBARBARA BEENE
DIRECTOR
- Total calculated
- $0
-
Jeanie BismarkJEANIE BISMARK
DIRECTOR
- Total calculated
- $0
-
Paula BoazPAULA BOAZ
DIRECTOR
- Total calculated
- $0
-
Molly BurnsMOLLY BURNS
DIRECTOR
- Total calculated
- $0
-
Verna CarterVERNA CARTER
DIRECTOR
- Total calculated
- $0
-
Alan GarrettALAN GARRETT
DIRECTOR
- Total calculated
- $0
-
Kathy GeanKATHY GEAN
DIRECTOR
- Total calculated
- $0
-
Monty HarringtonMONTY HARRINGTON
DIRECTOR
- Total calculated
- $0
-
Melba KeithMELBA KEITH
DIRECTOR
- Total calculated
- $0
-
Sarah KeithSARAH KEITH
DIRECTOR
- Total calculated
- $0
-
Glenda KirkpatrickGLENDA KIRKPATRICK
DIRECTOR
- Total calculated
- $0
-
Peggy MenendezPEGGY MENENDEZ
DIRECTOR
- Total calculated
- $0
-
Deborah NipperDEBORAH NIPPER
DIRECTOR
- Total calculated
- $0
-
Scott NipperSCOTT NIPPER
DIRECTOR
- Total calculated
- $0
-
James PalazziJAMES PALAZZI
DIRECTOR
- Total calculated
- $0
-
Valarie SandersVALARIE SANDERS
DIRECTOR
- Total calculated
- $0
-
Jan StoryJAN STORY
CHAIR
- Total calculated
- $0
-
Elizabeth TyeELIZABETH TYE
DIRECTOR
- Total calculated
- $0
-
Margo WeiserMARGO WEISER
DIRECTOR
- Total calculated
- $0
-
Whitney WhitelawWHITNEY WHITELAW
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MRMC
501 · HEALTHCARE · AR
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503159349305385
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