Overview
What is South Magnolia Event Group?
South Magnolia Event Group is a nonprofit organization situated in Summerville, South Carolina, specifically at 223 Sumter Avenue, with a mission to revitalize Stadium Park, located next to Summerville High School. Their primary goal is to enhance the capacity of the stadium and improve the surrounding facilities. By managing and directing construction projects, they aim to preserve and rebuild the Summerville High School Stadium, benefiting the local community, Summerville High School, Dorchester County School District Two, and Dorchester County as a whole. South Magnolia Event Group covers construction costs, oversees and coordinates construction crews, and maintains the facility and its surrounding area for future generations. Their work aims to uplift and serve the community, ensuring the continued use of the stadium for various events and activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
South Magnolia Event Group has received a rating of two stars, indicating a need for improvement, with an overall score of 71%. The organization demonstrates strong accountability and financial practices, notably achieving full points in several key areas such as having a majority of independent board members, documenting board meeting minutes, and maintaining a low liabilities to assets ratio. Additionally, the program expense ratio is commendable at 87.53%, suggesting that a significant portion of funds is directed towards its programs.
Despite its strengths, the rating reflects areas where South Magnolia Event Group could enhance its operations. While the organization scores well in many financial aspects, the overall performance indicates there are still improvements necessary to reach a higher standard of accountability. The two-star rating serves as a reminder to potential donors and supporters to consider both the strengths and areas for growth within the nonprofit.
In summary, while South Magnolia Event Group has established a solid foundation with its financial practices and governance, the need for improvement in overall performance is noted. Stakeholders are encouraged to follow the organization's progress and future enhancements to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Magnolia Event Group legitimate?
South Magnolia Event Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Magnolia Event Group 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 South Magnolia Event Group?
The mission of South Magnolia Event Group is centered around raising funds, facilitating reconstruction, and preserving the Summerville High School stadium and its surrounding area. This initiative aims to benefit the local community. Post-construction, the organization intends to continue supporting and growing the facility, ensuring its utility and benefit for future generations. South Magnolia Event Group oversees and coordinates construction crews, covering the costs associated with the renovation project. Upon completion, the organization will maintain the facility and its surrounding area, ensuring its continued use and upkeep for the benefit of the community.
Who is the CEO of South Magnolia Event Group?
James M Tupper is the President of South Magnolia Event Group.
What is the revenue of South Magnolia Event Group?
South Magnolia Event Group's revenue in 2022 was $679,854.
Who are the executives of South Magnolia Event Group and what are their salaries?
There 5 volunteers at South Magnolia Event Group.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for South Magnolia Event Group?
South Magnolia Event Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Magnolia Event Group
South Magnolia Event Group is a nonprofit organization with a mission to revitalize and preserve the Summerville High School stadium and its surrounding area for the benefit of the local community. The organization oversees and coordinates construction crews, covering the costs of construction, to ensure the facility's restoration. After completion, South Magnolia Event Group will maintain the stadium and its surroundings, ensuring they remain beneficial for future generations.
In carrying out its mission, South Magnolia Event Group manages, directs, and leads the renovation project at the stadium park located next to Summerville High School. The organization's primary goal is to increase the stadium's capacity and improve the facilities surrounding it. By doing so, South Magnolia Event Group aims to contribute positively to the community and provide a modern and improved facility for various events and activities.
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Impact
July, 2024
South Magnolia Event Group's impact is centered around managing, directing, and leading revitalization projects at Stadium Park located next to Summerville High School. Their efforts are focused on increasing the capacity of the stadium and improving the facilities surrounding it. This work not only enhances the sporting facilities but also contributes to the overall community improvement in Summerville, SC.
This information is meant to be a general summary of South Magnolia Event Group. 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 2022.
- Gross Receipts: $679,854
Assets and Liabilities:
- Total Assets: $1,739,706
- Total Liabilities: $0
- Net Assets: $1,739,706
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Organization Details
Founding Year
2020
Phone
(843) 864-3615Principal Officer
James M Tupper
Main Address
223 SUMTER AVENUE, SUMMERVILLE, SC, 29483
NTEE Category
Code: S20 - Community improvement
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