Overview
What is Magnolia Specialized Services Inc?
Magnolia Specialized Services Inc, located in Magnolia, Arkansas, is a dedicated nonprofit organization. Their primary focus is on the education of individuals with developmental disabilities. This mission is carried out through various activities and initiatives, all aimed at providing quality support and opportunities for mental handicap improvement. While the specifics of their services or programs are not detailed in the provided information, it's clear that their mission is to make a significant impact in the lives of those with developmental disabilities, fostering their personal growth and overall wellbeing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Magnolia Specialized Services Inc has been awarded a Three-Star rating from Charity Navigator, reflecting a robust performance in accountability and finance. This rating is based on a comprehensive evaluation of its financial practices, with a perfect score in several key areas. The organization demonstrates strong governance through a fully independent board and well-managed financial oversight, enhancing its credibility among donors.
The charity has achieved impressive financial metrics, such as a program expense ratio of 97.15%, indicating that the vast majority of its budget is directed towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, which points to effective asset management and a commitment to its mission. This level of transparency is likely to instill confidence in potential donors and stakeholders.
While the rating is favorable, the summary does not highlight any specific limitations or challenges faced by Magnolia Specialized Services Inc. Overall, the organization's strong accountability measures and financial practices suggest a reliable option for donors looking to support a charity with a solid track record.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Specialized Services Inc legitimate?
Magnolia Specialized Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Specialized Services 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: $89,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,521,307
For more financial information, click here
What is the mission statement of Magnolia Specialized Services Inc?
Magnolia Specialized Services, a center dedicated to individuals with developmental disabilities, has a mission to provide education. This organization is committed to fostering the learning and development of those with mental handicaps, aiming to equip them with the necessary skills and knowledge for a fulfilling life. Their focus is on creating an inclusive environment that caters to the unique needs of each individual, promoting their growth and independence. The center's activities are centered around educational programs designed to cater to the specific learning abilities of each individual, with the ultimate goal of empowering them to reach their full potential.
Who is the CEO of Magnolia Specialized Services Inc?
Sara Carrington is the Board Member of Magnolia Specialized Services Inc.
What is the revenue of Magnolia Specialized Services Inc?
Magnolia Specialized Services Inc's revenue in 2023 was $3,276,414.
Who are the executives of Magnolia Specialized Services Inc and what are their salaries?
The average compensation at Magnolia Specialized Services Inc during 2023 was $13,651. There are 118 employees at Magnolia Specialized Services Inc.
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Where can I find the form 990 for Magnolia Specialized Services Inc?
Magnolia Specialized Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Magnolia Specialized Services Inc
Magnolia Specialized Services, a notable organization, is dedicated to the education of individuals with developmental disabilities. Their mission is centered around empowering these individuals by providing them with an enriching learning environment. By focusing on the education of the mentally handicapped, Magnolia Specialized Services aims to equip these individuals with the necessary skills and knowledge to lead fulfilling lives. This mission is a testament to their commitment towards fostering inclusion and equality, ensuring that everyone has an opportunity to reach their full potential.
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Impact
July, 2024
Magnolia Specialized Services Inc's impact is significant in providing essential education and support to individuals with developmental disabilities in Magnolia, Arkansas. By focusing on the education of the mentally handicapped, this organization plays a crucial role in enhancing the lives of those with special needs in the community. Their work not only helps in improving the quality of life for individuals with developmental disabilities but also promotes inclusivity and empowerment within the community. Through their dedicated efforts, Magnolia Specialized Services Inc creates a positive impact on the lives of those they serve, promoting a more inclusive and supportive society.
This information is meant to be a general summary of Magnolia Specialized Services 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $14,366
- Gross Receipts: $3,306,740
Assets and Liabilities:
- Total Assets: $2,343,833
- Total Liabilities: $201,627
- Net Assets: $2,142,206
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Organization Details
Founding Year
1967
Phone
(870) 234-6118Principal Officer
Sara Carrington
Main Address
P O BOX 595, MAGNOLIA, AR, 717540595
NTEE Category
Code: P82Z - Human services
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