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Magnolia Properties Management Inc

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

EIN: 454683724 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Magnolia Properties Management Inc?

Magnolia Properties Management Inc is a nonprofit organization situated in the heart of Los Angeles, California, with an address at 250 E 1st St 1500. The primary objective of this organization is to contribute to the education sector by providing necessary facilities for the Magnolia Public Schools. By doing so, Magnolia Properties Management Inc aims to enhance the learning experience and overall development of the students within these schools.

Is Magnolia Properties Management Inc legitimate?

Magnolia Properties Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Properties Management Inc submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Magnolia Properties Management Inc?

Magnolia Properties Management Inc is committed to providing educational facilities for the Magnolia Public Schools. This mission is a crucial part of their activities, aimed at supporting the educational needs of the community's students. The organization's primary goal is to ensure that the schools have the necessary infrastructure to deliver quality education. By providing these facilities, Magnolia Properties Management Inc is contributing to the overall development and future of the students in the Magnolia Public Schools. The organization's role is pivotal in ensuring that the educational journey of these students is not hindered due to lack of adequate facilities.

Who is the CEO of Magnolia Properties Management Inc?

Steve Budhraja is the Chair of Magnolia Properties Management Inc. The CEO's salary of Magnolia Properties Management Inc is $0 and their total compensation is $238,263.

What is the revenue of Magnolia Properties Management Inc?

Magnolia Properties Management Inc's revenue in 2022 was $2,307,270.

Who are the executives of Magnolia Properties Management Inc and what are their salaries?

There 3 volunteers at Magnolia Properties Management Inc.


Here are 4 key members and their salaries (Magnolia Properties Management Inc's CEO's salary is $0 and their total compensation is $238,263):


Rabbi Haim Beliak (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfredo Rubalcava (Ceo)
  • Compensation: $0
  • Related: $232,412
  • Other: $5,851
Serdar Orazov (Cfo-Through Sept)
  • Compensation: $0
  • Related: $149,339
  • Other: $12,722
Steve Budhraja (Cfo-)
  • Compensation: $0
  • Related: $11,317
  • Other: $3,567
Where can I find the form 990 for Magnolia Properties Management Inc?

Magnolia Properties Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnolia Properties Management Inc

Magnolia Properties Management Inc, as outlined in the provided information, is dedicated to providing educational facilities for the Magnolia Public Schools. In essence, the organization's mission is to contribute to the educational sector by offering necessary infrastructure. This commitment to education is crucial in ensuring that students have conducive learning environments, thereby fostering their academic growth and development. Magnolia Properties Management Inc's role in this regard is pivotal, as it enables the Magnolia Public Schools to provide quality education to its students.

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Impact




October, 2024

Magnolia Properties Management Inc plays a critical role in enhancing the educational landscape of the Magnolia Public Schools in Los Angeles, CA. By providing essential educational facilities, it directly supports the mission of fostering a conducive learning environment for students. This impact is crucial in ensuring that all students have access to quality resources, which in turn contributes to their academic success and overall development. The organization's focus on educational facilities not only addresses the immediate needs of the schools but also helps to create a durable foundation for future educational initiatives in the community. Through its efforts, Magnolia Properties Management Inc significantly contributes to the growth and sustainability of educational opportunities within the Magnolia Public Schools.




This information is meant to be a general summary of Magnolia Properties Management Inc. 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
$2,307,270 (2022)
Expenses
$2,486,971 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $771
  • Program Service Revenue: $2,306,499
  • Gross Receipts: $2,307,270

Assets and Liabilities:

  • Total Assets: $30,634,440
  • Total Liabilities: $28,287,064
  • Net Assets: $2,347,376

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEASE PAYMENTS MAGNOLI

Revenue

$2,306,499

Organization Details

Founding Year

2012

Principal Officer

Steve Budhraja

Main Address

250 E 1ST ST 1500, LOS ANGELES, CA, 90012

NTEE Category

Code: B12 - Education

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