Magnolia Beach Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042171876 ✦ Magnolia, MA ✦ Designated as a 501(c)(4)

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Overview

What is Magnolia Beach Corporation?

Magnolia Beach Corporation serves as a community-focused recreational club situated in Magnolia, Massachusetts. Its primary purpose is to provide a clean and secure environment where families can enjoy the beach. The club's mission is centered around ensuring that the beach remains an enjoyable and safe place for all, fostering a sense of community among its visitors. While the information provided does not specify any additional activities or initiatives, it is clear that Magnolia Beach Corporation is dedicated to enhancing the beach experience for local families.

Is Magnolia Beach Corporation legitimate?

Magnolia Beach Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Magnolia Beach Corporation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Magnolia Beach Corporation?

The Magnolia Beach Corporation serves as a community recreational facility, providing a clean and secure environment where families can enjoy beach activities. Its mission, in essence, is to foster a pleasant and safe atmosphere where families can create cherished memories. By doing so, the corporation contributes to the overall well-being and enjoyment of its community members. It does not specifically focus on research, advocacy, or support services like some other organizations, but rather provides a leisurely space for relaxation and entertainment.

Who is the CEO of Magnolia Beach Corporation?

Ted Costa is the President of Magnolia Beach Corporation.

What is the revenue of Magnolia Beach Corporation?

Magnolia Beach Corporation's revenue in 2022 was $50,903.

Who are the executives of Magnolia Beach Corporation and what are their salaries?


Here are 13 key members and their salaries:


Ted Costa (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Doe (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noreen Gilliss (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Doe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Greaves (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Groleau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Randazza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Peek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Modello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stepanie Palazola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Silva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Curcuru (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Magnolia Beach Corporation?

Magnolia Beach Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Magnolia Beach Corporation

Magnolia Beach Corporation, as a community recreational club, is dedicated to providing a pristine and secure environment for families to enjoy the beach. Their mission is to create an appealing space where families can unwind and make cherished memories. This nonprofit organization prioritizes maintaining cleanliness and safety, ensuring that everyone who visits can have an enjoyable experience.

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Impact




October, 2024

Magnolia Beach Corporation plays a vital role in enhancing community well-being by providing a clean and safe beach environment for families in Magnolia, MA. The organization facilitates recreational activities, fostering a sense of community and encouraging outdoor engagement among residents and visitors. By maintaining the beach and its facilities, Magnolia Beach Corporation ensures that individuals and families can enjoy a healthy lifestyle through recreation, relaxation, and social interaction. This commitment not only supports physical health but also contributes to the overall quality of life in the area, promoting a stronger, more connected community.




This information is meant to be a general summary of Magnolia Beach Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$50,903 (2022)
Expenses
$43,711 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $258
  • Gross Receipts: $50,903

Assets and Liabilities:

  • Total Assets: $92,841
  • Total Liabilities: $0
  • Net Assets: $92,841

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Organization Details

Principal Officer

Ted Costa

Main Address

PO Box 5543, Magnolia, MA, 01931

NTEE Category

Code: N50 - Recreation

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