Magnolia Ruritan Club

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

EIN: 546057769 ✦ Suffolk, VA ✦ Designated as a 501(c)(4)

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Overview

What is Magnolia Ruritan Club?

The Magnolia Ruritan Club is a local organization that aligns with Ruritan National Corporation's mission. Their primary objective is to bolster community development by aiding area organizations that can positively impact the local community. They accomplish this by offering donations and implementing programs specifically designed to enhance the capabilities of these organizations, ultimately benefiting the community as a whole. The club's activities are geared towards contributing to the betterment of Magnolia and its residents.

Is Magnolia Ruritan Club legitimate?

Magnolia Ruritan Club is a legitimate nonprofit organization registered as a 501(c)(4) entity. Magnolia Ruritan Club 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 Ruritan Club?

The Magnolia Ruritan Club, affiliated with Ruritan National Corporation, focuses on assisting local organizations that positively impact the community. They offer financial contributions to these organizations and run programs aimed at enhancing their capabilities. The primary objective is to improve the community's well-being through these collaborative efforts.

Who is the CEO of Magnolia Ruritan Club?

Eddie Sharp is the President of Magnolia Ruritan Club.

What is the revenue of Magnolia Ruritan Club?

Magnolia Ruritan Club's revenue in 2022 was $184,509.

Who are the executives of Magnolia Ruritan Club and what are their salaries?


Here are 4 key members and their salaries:


Denis Confer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel S Davis Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Mclaughlin (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Sharp (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Magnolia Ruritan Club?

Magnolia Ruritan Club's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnolia Ruritan Club

Magnolia Ruritan Club, as part of the Ruritan National Corporation, is dedicated to assisting organizations that contribute positively to the community. Their mission is to provide support to local initiatives by offering donations and implementing programs designed to improve the community's well-being. By aiding area organizations, Magnolia Ruritan Club seeks to enhance the living conditions and quality of life for community members. Through their efforts, they aim to contribute significantly to the betterment of the community they serve.

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Impact




October, 2024

Magnolia Ruritan Club plays a vital role in enhancing the quality of life in Suffolk, VA, by actively supporting local organizations that contribute to community well-being. Through targeted donations and collaborative programs, the club fosters community improvement initiatives aimed at uplifting residents and addressing their needs.

By partnering with various local entities, the club ensures that resources are utilized effectively to create positive impacts. Their commitment to assisting area organizations reflects a strong dedication to bettering the community, making a significant difference in the lives of individuals and families. The initiatives they support not only address immediate needs but also lay the foundation for sustainable growth and development within the community.




This information is meant to be a general summary of Magnolia Ruritan Club. 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
$184,509 (2022)
Expenses
$10,855 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $176,680
  • Program Service Revenue: $7,829
  • Gross Receipts: $202,927

Assets and Liabilities:

  • Total Assets: $186,509
  • Total Liabilities: $0
  • Net Assets: $186,509

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Programs

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

1029 NANSEMOND PARKWAY

Revenue

$7,829

Organization Details

Founding Year

1956

Principal Officer

Eddie Sharp

Main Address

P O BOX 42, SUFFOLK, VA, 23439

NTEE Category

Code: S80 - Community improvement

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