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Magnalia Foundation Inc

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

EIN: 463267182 ✦ Alpharetta, GA ✦ Designated as a 501(c)(3)

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Overview

What is Magnalia Foundation Inc?

Magnalia Foundation Inc, established in Alpharetta, Georgia, serves as a nonprofit organization that actively supports and organizes annual retreats for over 40 individuals. Their mission is centered around promoting cultural, social, spiritual, and educational activities within the South East region of the United States. By hosting these retreats and fostering these activities, Magnalia Foundation Inc aims to contribute positively to the community within their specific geographical area.


Official website here: www.magnaliafoundation.com

Is Magnalia Foundation Inc legitimate?

Magnalia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnalia Foundation 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


Official website here: www.magnaliafoundation.com

What is the mission statement of Magnalia Foundation Inc?

The Magnalia Foundation Inc, situated in an unspecified location, is dedicated to promoting cultural, social, spiritual, and educational activities within the South East region of the United States. Their mission is to create an environment that fosters growth and learning through annual retreat activities, engaging over 40 participants each year. The foundation aims to contribute to the community by providing opportunities for personal development and knowledge exchange within these four key areas.


Official website here: www.magnaliafoundation.com

What is the revenue of Magnalia Foundation Inc?

Magnalia Foundation Inc's revenue in 2024 was $110,580.


Official website here: www.magnaliafoundation.com

Who are the executives of Magnalia Foundation Inc and what are their salaries?

There 14 volunteers at Magnalia Foundation Inc.

Here are 7 key members and their salaries:


Ricardo Alvarado (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Pacitti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrique Gelpi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Drisaldi (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Gruca (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Molletta (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Letta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.magnaliafoundation.com

Where can I find the form 990 for Magnalia Foundation Inc?

Magnalia Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.magnaliafoundation.com

Learn more at the official website: www.magnaliafoundation.com

Mission Statement of Magnalia Foundation Inc

Magnalia Foundation Inc, a nonprofit organization, is dedicated to promoting cultural, social, spiritual, and educational activities within the South Eastern region of the United States. Their mission is to create an environment that encourages growth, learning, and community engagement in these key areas, reaching out to a wide range of individuals within their region. The foundation organizes and supports annual retreat activities for over 40 participants, providing a platform for individuals to engage, learn, and connect in a shared space. These retreats serve as a testament to Magnalia Foundation Inc's commitment to fostering a vibrant and inclusive community that values cultural exchange, personal development, and collective growth.

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Impact




October, 2024

Magnalia Foundation Inc significantly impacts the Southeast region of the United States by fostering cultural, social, spiritual, and educational development. Through the organization and support of annual retreat activities, they create a space for personal growth and community connection, engaging over 40 participants each year. These retreats facilitate meaningful discussions, encourage community building, and promote a deeper understanding of diverse cultural and spiritual practices. This initiative strengthens ties within the community, enhances social interactions, and empowers individuals by providing opportunities for education and reflection. Ultimately, Magnalia Foundation Inc plays a vital role in enriching the lives of participants and nurturing a sense of belonging and purpose within the region.




This information is meant to be a general summary of Magnalia Foundation 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
$110,580 (2024)
Expenses
$69,718 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $10,737
  • Gross Receipts: $110,580

Assets and Liabilities:

  • Total Assets: $596,019
  • Total Liabilities: $0
  • Net Assets: $596,019

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Organization Details

Founding Year

2013

Principal Officer

Richard Gruca

NTEE Category

Code: X20 - Religion related

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