Overview
What is Friends Of Magnolia Mound Plantation Inc?
Friends of Magnolia Mound Plantation Inc is a nonprofit organization situated in Baton Rouge, Louisiana. Their primary mission is to preserve and interpret the historical house and site as a representation of early plantation life in south Louisiana, providing educational and enjoyable experiences for present and future generations. The organization manages a collection to achieve this goal, with a focus on the retelling of history. They recognize the significance of the enslaved individuals' contributions to the construction of their historic buildings, the state, and the nation as a whole, and aim to incorporate these stories into their historical narrative.
Official website here: www.friendsofmagnoliamound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)
Friends Of Magnolia Mound Plantation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in their overall performance. The rating is derived from a strong Accountability & Finance score of 100%, reflecting good practices in these areas. The organization's transparency is notable, as they meet all criteria for whistleblower policies, document retention, and meeting minutes.
Despite the impressive score in accountability, the overall rating suggests there are areas of the organization that require enhancement. While the nonprofit maintains a healthy liabilities to assets ratio of 0.26% and a program expense ratio of 82.22%, which indicates a focus on program spending, the limited overall score points to potential weaknesses in other operational aspects or impact metrics that may not be as strong.
The organization shows a commitment to accountability, as evidenced by its clear documentation practices and financial transparency. However, potential donors and supporters may want to explore further how Friends Of Magnolia Mound Plantation Inc can improve its overall program effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Magnolia Mound Plantation Inc legitimate?
Friends Of Magnolia Mound Plantation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Magnolia Mound Plantation 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: $29,083
For more financial information, click here
Official website here: www.friendsofmagnoliamound.org
What is the mission statement of Friends Of Magnolia Mound Plantation Inc?
The mission of Friends Of Magnolia Mound Plantation Inc is centered around preserving and interpreting the historic house and site as a representation of early plantation life in southern Louisiana. This endeavor aims to educate and provide enjoyment for current and future generations. Additionally, they emphasize the importance of retelling history, including the challenging stories of the past, highlighting the significant contributions made by enslaved individuals in building not only their historic buildings but also their state and nation. Their mission also involves managing a collection related to the site.
Official website here: www.friendsofmagnoliamound.org
What is the revenue of Friends Of Magnolia Mound Plantation Inc?
Friends Of Magnolia Mound Plantation Inc's revenue in 2024 was $73,299.
Official website here: www.friendsofmagnoliamound.org
Who are the executives of Friends Of Magnolia Mound Plantation Inc and what are their salaries?
The average compensation at Friends Of Magnolia Mound Plantation Inc during 2024 was $14,542. There are 2 employees and 2 volunteers at Friends Of Magnolia Mound Plantation Inc.
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Official website here: www.friendsofmagnoliamound.org
Where can I find the form 990 for Friends Of Magnolia Mound Plantation Inc?
Friends Of Magnolia Mound Plantation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.friendsofmagnoliamound.org
Learn more at the official website: www.friendsofmagnoliamound.org
Mission Statement of Friends Of Magnolia Mound Plantation Inc
Friends of Magnolia Mound Plantation Inc's mission is centered around the preservation and interpretation of the historic estate, serving as a testament to early plantation life in southern Louisiana. The organization recognizes the significance of retelling history, emphasizing the importance of sharing the challenging stories of the past. This includes honoring the lives of the enslaved individuals whose skills and labor played a pivotal role in constructing not only the historic buildings but also in shaping the state and nation as a whole. The organization aims to educate and entertain present and future generations through this preservation effort, while also managing a collection associated with the estate.
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Impact
August, 2024
Friends Of Magnolia Mound Plantation Inc's impact lies in the preservation and interpretation of the historic house and site as a demonstration of early plantation life in south Louisiana. By sharing the hard stories of the past and recognizing the contributions of the enslaved individuals who played a crucial role in building both the historic buildings and the nation as a whole, Friends Of Magnolia Mound Plantation Inc contributes to a deeper understanding of our shared history. Through education and enjoyment, they engage present and future generations in this important narrative, fostering a greater appreciation for the complexities of our past.
This information is meant to be a general summary of Friends Of Magnolia Mound Plantation 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 2024.
- Investment Income: $1,985
- Program Service Revenue: $17,220
- Gross Receipts: $73,299
Assets and Liabilities:
- Total Assets: $1,296,117
- Total Liabilities: $3,447
- Net Assets: $1,292,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Book Sales
Revenue
$1,591
Ticket Sales
Revenue
$14,195
Organization Details
Founding Year
1998
Principal Officer
Susan Eaton
NTEE Category
Code: A50 - Arts
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