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Nonprofiteer
← STEEL MAGNOLIAS

Form 990 for tax year 2024

Filed by STEEL MAGNOLIAS.

Totals

Total revenue
$279,454
Total expenses
$192,157
Contributions and grants received
$270,330
Grants paid
$155,000
Program service revenue
$0
Investment income
$37,828
Other revenue
-$28,704
Total assets, end of year
$816,014
Total liabilities, end of year
$13,990
Net assets or fund balances, end of year
$802,024
Program services expenses (Part IX)
$155,299
Management and general expenses
$33,228
Fundraising expenses
$3,630
Program service expenses (Part III)
$155,299

Program services were 80.8% 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.

  • 1c · Fundraising events

    $167,077

  • 1f · All other contributions, gifts and grants

    $103,253

  • 1g · Noncash contributions included above

    $36,618

  • 3 · Investment income

    total $27,984 · excluded $27,984

  • 7a · Gross sales of assets other than inventory

    securities $9,844

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $9,844

  • 7d · Net gain or loss

    total $9,844 · excluded $9,844

  • 8a · Fundraising events: gross income

    $26,965

  • 8a · Fundraising events: contributions included on line 1c

    $167,077

  • 8b · Fundraising events: direct expenses

    $83,994

  • 8c · Net income from fundraising events

    total -$57,029 · excluded -$57,029

  • 9a · Gaming: gross income

    $32,025

  • 9b · Gaming: direct expenses

    $4,500

  • 9c · Net income from gaming

    total $27,525 · excluded $27,525

  • 11a · Other revenue: CASH REWARDS

    total $800 · excluded $800

  • 11e · Other revenue, total

    $800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $155,000 · program services $155,000

  • 11c · Fees: accounting

    total $8,400 · management and general $8,400

  • 11f · Fees: investment management

    total $6,333 · management and general $6,333

  • 12 · Advertising and promotion

    total $1,709 · management and general $1,709

  • 13 · Office expenses

    total $14,037 · program services $299 · management and general $10,186 · fundraising $3,552

  • 14 · Information technology

    total $156 · management and general $78 · fundraising $78

  • 23 · Insurance

    total $1,850 · management and general $1,850

  • 24a · Other expenses: BANK FEES

    total $4,288 · management and general $4,288

  • 24b · Other expenses: GIFTS & AWARDS

    total $384 · management and general $384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,421 · end of year $125,529

  • 2 · Savings and temporary cash investments

    beginning of year $86,016 · end of year $100,599

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,407 · end of year $15,733

  • 15 · Other assets

    beginning of year $445,873 · end of year $574,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,318 · end of year $13,990

  • 27 · Net assets without donor restrictions

    beginning of year $664,874 · end of year $773,499

  • 28 · Net assets with donor restrictions

    beginning of year $28,525 · end of year $28,525

Mission and programs · 2024

Mission

STEEL MAGNOLIAS RAISES FUNDS TO BENEFIT CHILDREN WITH DEVELOPMENT DELAYS & DISABILITIES, BEHAVIORAL AND LEARNING CHALLENGES AND OTHER SPECIAL NEEDS.

  • STEEL MAGNOLIAS RAISES FUNDS TO BENEFIT CHILDREN WITH DEVELOPMENT DELAYS & DISABILITIES, BEHAVIORAL & LEARNING CHALLENGES & OTHER SPECIAL NEEDS. DURING THE YEAR, STEEL MAGNOLIAS CONTRIBUTED $155,000 TO THE MEMORIAL MEDICAL CENTER FOUNDATION ON BEHALF OF THE STRAMSKI CHILDREN'S DEVELOPMENTAL CENTER WHICH IS PART OF MILLER CHILDREN'S AND WOMEN'S HOSPITAL LONG BEACH. THESE FUNDS ARE TO BE USED FOR ONGOING EFFORTS IN THE EVALUATION AND TREATMENT OF CHILD DEVELOPMENT ISSUES.

    Expenses $155,299 · Grants $155,000

As filed on the 2024 return.

Listed in Part VII

  • Bobbie Fesler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15
  • Hilda Sanchez

    TREASURER

    Total calculated
    $0
    Hours/week
    15
  • Susan Hill

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Surina Geoffroy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michele Dobson

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10
  • Stephanie Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Theresa Brunella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Dana Buchanan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Liz Krummell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Denise Dahlhausen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Tammy Newland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Angi Burkard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15
  • Sue Derosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Sherry Loos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Carmen Bubar

    DIRECTOR (UNTIL 4/30/24)

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202531359349318188

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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