Overview

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Est.

2012

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Magnolia Properties Management Inc is a nonprofit organization focused on education, dedicated to providing educational facilities for the Magnolia Public Schools. With an operating budget of $2.7 million and total revenue of $1.5 million for the 2024 filing year, the organization plays a vital role in supporting local educational infrastructure. It does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding approach.

Mission Statement

TO PROVIDE EDUCATIONAL FACILITIES FOR THE MAGNOLIA PUBLIC SCHOOLS
Revenues
$1.5M
Expenses
$2.7M
Net Income:
-$1.2M
Assets
$107M
Liabilities
$52.4M
Net Assets:
+$54.6M
Operating Budget
$2.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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R
Rabbi Haim Beliak
Board Member
A
Alfredo Rubalcava
Board Member
E
Erdinc Acar
Board Member

Frequently Asked Questions

What is MAGNOLIA PROPERTIES MANAGEMENT INC’s budget?
In 2024, MAGNOLIA PROPERTIES MANAGEMENT INC reported an annual operating budget of around $2.7 million. More detailed financial information is available to registered users.
What causes does MAGNOLIA PROPERTIES MANAGEMENT INC support?
MAGNOLIA PROPERTIES MANAGEMENT INC supports work in Education.
Where does MAGNOLIA PROPERTIES MANAGEMENT INC operate?
MAGNOLIA PROPERTIES MANAGEMENT INC is headquartered in LOS ANGELES, CA.