Civic Intelligence

Magnolia Arts Center Inc

EIN 20-3192311 • 501(c)3 • Greenville, NC

Profile

To provide people in the greater greenville, nc area with the opportunity to express creativity and participate in the arts, attend quality cultural events, and gather together to build community.

PO Box 30792Greenville, NC 27833

magnoliaartscenter.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

7.2%

Higher net margin than 49% of similar nonprofits.

NTEE A70 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A70 • <$500k nonprofits • Source year 2024

Asset Growth

60th percentile

8.7%

Faster asset growth than 60% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-20%

Faster revenue growth than 30% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$76,274

Up $6,095 (+8.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$76,274

Up $6,095 (+8.7%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin49th percentile

Revenue

Down

$84,639

Down $21,683 (-20%) from 2023

Expenses

Down

$78,544

Down $25,410 (-24%) from 2023

Net Income

Up

$6,095

Up $3,727 (+157%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2015: $56,912Liabilities 2015: $0Net Assets 2015: $56,9122015Assets 2016: $93,360Liabilities 2016: $873Net Assets 2016: $92,4872016Assets 2017: $87,269Liabilities 2017: $0Net Assets 2017: $87,2692017Assets 2018: $73,890Liabilities 2018: $0Net Assets 2018: $73,8902018Assets 2019: $80,315Liabilities 2019: $0Net Assets 2019: $80,3152019Assets 2020: $78,520Liabilities 2020: $0Net Assets 2020: $78,5202020Assets 2021: $64,476Liabilities 2021: $0Net Assets 2021: $64,4762021Assets 2022: $67,811Liabilities 2022: $0Net Assets 2022: $67,8112022Assets 2023: $70,179Liabilities 2023: $0Net Assets 2023: $70,1792023Assets 2024: $76,274Liabilities 2024: $0Net Assets 2024: $76,2742024

Highlighted filing

2024

Assets$76,274
Liabilities$0
Net Assets$76,274
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2015: $63,545Expenses 2015: $49,008Net Income 2015: $14,5372015Revenue 2016: $116,110Expenses 2016: $78,690Net Income 2016: $37,4202016Revenue 2017: $68,907Expenses 2017: $74,125Net Income 2017: -$5,2182017Revenue 2018: $53,544Expenses 2018: $66,923Net Income 2018: -$13,3792018Revenue 2019: $51,434Expenses 2019: $45,009Net Income 2019: $6,4252019Revenue 2020: $38,289Expenses 2020: $40,084Net Income 2020: -$1,7952020Revenue 2021: $23,665Expenses 2021: $37,709Net Income 2021: -$14,0442021Revenue 2022: $62,672Expenses 2022: $59,337Net Income 2022: $3,3352022Revenue 2023: $106,322Expenses 2023: $103,954Net Income 2023: $2,3682023Revenue 2024: $84,639Expenses 2024: $78,544Net Income 2024: $6,0952024

Highlighted filing

2024

Revenue$84,639
Expenses$78,544
Net Income$6,095
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,274
Liabilities
$0
Net assets
$76,274
Revenue
$84,639
Expenses
$78,544
Net income
$6,095
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.85$0.79$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$1.06$1.04$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.63$0.59$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.24$0.38$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.38$0.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.51$0.45$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.54$0.67$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.69$0.74$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.01$0.92$1.16$0.79$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.64$0.49$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 10, 2025
Return Version
2024v5.0
Gross Receipts
$86,782
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
12 PRODUCTION EVENTS, & MULTIPLE INTENSIVE & INSTRUCTIONAL EVENTS IN 2024-$35,860
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIM TURNAGEBoard Member-$0--
MITCH BUTTSPresidentPT$0--
GINGER WILSONTreasurerPT$0--
PATRICK REIDBoard Member-$0--
VIRLIKA PRAYERBoard Member-$0--
DOROTHEA HANDRONVice PresidentPT$0--
JORDAN COLEMANBoard Member-$0--
ASHKA LEWISSecretaryPT$0--
JUSTIN COLLISBoard Member-$0--
LANA MILLERBoard Member-$0--
MONTY FRANKLINBoard Member-$0--
JEREMIAH REIDBoard Member-$0--
ALEX SCANLANBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Magnolia Arts Center Inc
EIN
20-3192311
In Care Of
% MITCH BUTTS
Phone
2523552653
Address
PO BOX 30792, GREENVILLE, NC 27833

Signing Officer

Name
Mitch Butts
Title
President
Phone
2523552653
Signed
2025-02-10
Discuss with paid preparer
Yes

Preparer

Firm
Murphy & Bunch CPAs PA
Address
107 Commerce St Ste A, Greenville, NC 27858
Preparer
Leslie Bunch
Phone
2523552653
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountdepreciation from 4562 3,621meetings 458sales tax 3,661web/internet support 1,125office supplies 115merchant fees 2,589licenses 1,109production exp 24,536royalties 11,324”

Description of other assets Part II line 24

“Category beginning of year end of yearleasehold improvements (net) 41,045 38,189furniture & equipment (net) 7,360 6,855”

General explanation attachment

“Part iii primary exempt purposeto provide people in the greater greenville, nc area with the opportunity to express creativity and participation in the arts, attend quality cultrual events, and gather together to build community. 1 production & 315 patrons served during 2021.”

Raw XML Appendix227 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KIM TURNAGE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTDEPRECIATION FROM 4562 3,621MEETINGS 458SALES TAX 3,661WEB/INTERNET SUPPORT 1,125OFFICE SUPPLIES 115MERCHANT FEES 2,589LICENSES 1,109PRODUCTION EXP 24,536ROYALTIES 11,324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARLEASEHOLD IMPROVEMENTS (NET) 41,045 38,189FURNITURE & EQUIPMENT (NET) 7,360 6,855
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART III PRIMARY EXEMPT PURPOSETO PROVIDE PEOPLE IN THE GREATER GREENVILLE, NC AREA WITH THE OPPORTUNITY TO EXPRESS CREATIVITY AND PARTICIPATION IN THE ARTS, ATTEND QUALITY CULTRUAL EVENTS, AND GATHER TOGETHER TO BUILD COMMUNITY. 1 PRODUCTION & 315 PATRONS SERVED DURING 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2General explanation attachment
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MITCH BUTTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02523552653
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-10
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ReturnHeader/Filer/EIN0203192311
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ReturnHeader/Filer/PhoneNum02523552653
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027858
ReturnHeader/PreparerPersonGrp/PhoneNum02523552653
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LESLIE BUNCH
ReturnHeader/ReturnTs02025-03-03T05:28:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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