Civic Intelligence

Magnolia Community Services Inc

EIN 72-0423625 • 501(c)3 • Jefferson, LA

Profile

To provide the highest quality of service, leadership and advocacy for individuals with developmental disabilities in the greater new orleans area.

100 Central AvenueJefferson, LA 70121

www.mcs-nola.org

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.04x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.05x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

19th percentile

$131,761

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

22nd percentile

-1.9%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-0.2%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$30,746,289

Up $2,075,708 (+7.2%) from 2023

Liabilities

Up

$1,621,913

Up $618,189 (+62%) from 2023

Net Assets

Up

$29,124,376

Up $1,457,519 (+5.3%) from 2023

Revenue

Down

$15,712,196

Down $3,717,071 (-19%) from 2023

Expenses

Down

$15,074,554

Down $779,813 (-4.9%) from 2023

Net Income

Down

$637,642

Down $2,937,258 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $15,858,767Liabilities 2010: $1,907,857Net Assets 2010: $13,950,9102010Assets 2012: $18,244,530Liabilities 2012: $1,342,207Net Assets 2012: $16,902,3232012Assets 2013: $19,317,013Liabilities 2013: $553,692Net Assets 2013: $18,763,3212013Assets 2014: $21,692,525Liabilities 2014: $487,844Net Assets 2014: $21,204,6812014Assets 2015: $22,077,108Liabilities 2015: $734,040Net Assets 2015: $21,343,0682015Assets 2016: $22,220,587Liabilities 2016: $1,237,275Net Assets 2016: $20,983,3122016Assets 2017: $24,006,296Liabilities 2017: $2,896,414Net Assets 2017: $21,109,8822017Assets 2018: $23,786,305Liabilities 2018: $2,325,660Net Assets 2018: $21,460,6452018Assets 2019: $24,249,001Liabilities 2019: $3,343,196Net Assets 2019: $20,905,8052019Assets 2020: $26,446,386Liabilities 2020: $5,888,581Net Assets 2020: $20,557,8052020Assets 2021: $29,169,232Liabilities 2021: $6,222,369Net Assets 2021: $22,946,8632021Assets 2022: $29,222,261Liabilities 2022: $5,519,228Net Assets 2022: $23,703,0332022Assets 2023: $28,670,581Liabilities 2023: $1,003,724Net Assets 2023: $27,666,8572023Assets 2024: $30,746,289Liabilities 2024: $1,621,913Net Assets 2024: $29,124,3762024

Highlighted filing

2024

Assets$30,746,289
Liabilities$1,621,913
Net Assets$29,124,376

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $9,648,4022010Revenue 2012: $10,981,010Expenses 2012: $10,251,870Net Income 2012: $729,1402012Expenses 2013: $10,489,1462013Revenue 2014: $11,758,784Expenses 2014: $10,244,313Net Income 2014: $1,514,4712014Revenue 2015: $11,548,346Expenses 2015: $10,754,162Net Income 2015: $794,1842015Revenue 2016: $11,615,073Expenses 2016: $11,222,031Net Income 2016: $393,0422016Revenue 2017: $11,537,406Expenses 2017: $11,941,815Net Income 2017: -$404,4092017Revenue 2018: $12,368,372Expenses 2018: $12,020,064Net Income 2018: $348,3082018Revenue 2019: $11,335,772Expenses 2019: $12,264,857Net Income 2019: -$929,0852019Revenue 2020: $13,189,277Expenses 2020: $13,187,373Net Income 2020: $1,9042020Revenue 2021: $14,268,232Expenses 2021: $13,628,200Net Income 2021: $640,0322021Revenue 2022: $19,467,265Expenses 2022: $16,173,601Net Income 2022: $3,293,6642022Revenue 2023: $19,429,267Expenses 2023: $15,854,367Net Income 2023: $3,574,9002023Revenue 2024: $15,712,196Expenses 2024: $15,074,554Net Income 2024: $637,6422024

Highlighted filing

2024

Revenue$15,712,196
Expenses$15,074,554
Net Income$637,642

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.7$1.62$29.1$15.7$15.1$0.64
2023Detailed filing. Detailed filing data is available for this year.$28.7$1.00$27.7$19.4$15.9$3.57
2022Detailed filing. Detailed filing data is available for this year.$29.2$5.52$23.7$19.5$16.2$3.29
2021Detailed filing. Detailed filing data is available for this year.$29.2$6.22$22.9$14.3$13.6$0.64
2020Detailed filing. Detailed filing data is available for this year.$26.4$5.89$20.6$13.2$13.2$0.00
2019Detailed filing. Detailed filing data is available for this year.$24.2$3.34$20.9$11.3$12.3$0.93
2018Detailed filing. Detailed filing data is available for this year.$23.8$2.33$21.5$12.4$12.0$0.35
2017Detailed filing. Detailed filing data is available for this year.$24.0$2.90$21.1$11.5$11.9$0.40
2016Detailed filing. Detailed filing data is available for this year.$22.2$1.24$21.0$11.6$11.2$0.39
2015Detailed filing. Detailed filing data is available for this year.$22.1$0.73$21.3$11.5$10.8$0.79
2014Detailed filing. Detailed filing data is available for this year.$21.7$0.49$21.2$11.8$10.2$1.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$0.55$18.8$10.5
2012Summary only. Only limited summary data is available for this year.$18.2$1.34$16.9$11.0$10.3$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$1.91$14.0$9.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 24, 2025
Return Version
2023v6.0
Gross Receipts
$24,231,846
Mission and Program Overview

Mission

To provide the highest quality of service, leadership and advocacy for individuals with developmental disabilities in the greater new orleans area.

Providing safe and affordable housing, vocational, recreational and wellness services to people with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$13,695,045$14,607,214▲ $912,169
Land, Buildings, and Equipment, Net$9,387,890$9,422,150▲ $34,260
Savings and Temporary Cash Investments$4,156,190$5,489,546▲ $1,333,356
Accounts Receivable$880,920$859,332▼ $21,588
Prepaid Expenses and Deferred Charges$224,960$255,058▲ $30,098
Pledges and Grants Receivable$212,587--
Total Assets$28,670,581$30,746,289▲ $2,075,708
Other Assets Total$112,989$112,989→ $0
Liabilities
Accounts Payable and Accrued Expenses$729,257$1,437,459▲ $708,202
Other Liabilities$274,467$131,299▼ $143,168
Deferred Revenue-$53,155-
Total Liabilities$1,003,724$1,621,913▲ $618,189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,666,857$29,124,376▲ $1,457,519
Total Net Assets Fund Balance$27,666,857$29,124,376▲ $1,457,519
Total Liabilities and Net Assets / Fund Balance$28,670,581$30,746,289▲ $2,075,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,075,247$5,907,944-
Land$1,110,187--
Equipment$136,287$1,798,574-
Leasehold Improvements$100,429$758,770-
Other Securities$14,553,099--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ConradExecutive DirectorFT$132,224$12,301$144,525
Mary Margaret SpellDirector of OperationsFT$123,428$9,914$133,342
Ulisia HillLead Direct Support ProfesFT$109,400$11,692$121,092

Board Members and Trustees

NameTitle
L Reiss EaganPresident
James L OertlingVice President
Allison KingsmillDirector
David GalloDirector
Trevor C DaviesDirector
Julie DannaSecretary
Andrew BrunsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tbc Healthcare SolutionsSupport Staffing3501 SEVERN AVE, Metairie, LA 70002$1,797,193
Cotton Holding USAConstruction Contractor5443 KATY HOCKLEY CUT-OFF RD, Katy, TX 77493$466,426
Angel Wings FoundationLandlord/rent197 E OAKRIDGE PK, Metairie, LA 70005$176,894
Vgraham LLCProfessional Accounting7424 PICARDY AVE, Baton Rouge, LA 70808$126,263
Revenue and Support

Revenue Composition

Contributions and Grants
$2,246,526
Program Service Revenue
$12,162,246
Investment Income
$1,068,443
Other Revenue
$234,981
All Other Contributions
$346,686
Change in Net Assets
$637,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,641,702
Revenue Not Reported on Financial Statements
$70,494
Revenue Not Reported on Form 990
$819,877
Total Revenue per Audited Statements
$16,461,579
Total Revenue per Form 990
$15,712,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,660,504
Other Expenses$6,414,050
Total Fundraising Expense$80,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,877,864$1,420,688$51,612$7,350,164
Fees for Services Other$2,162,567$55,026-$2,217,593
Insurance$582,081$134,688$1,383$718,152
Other Employee Benefits$446,400$154,868$2,951$604,219
Occupancy$434,160$143,696-$577,856
Payroll Taxes$440,148$108,123$3,937$552,208
All Other Expenses$414,233$107,494$5,499$527,226
Depreciation Depletion$420,295$37,040-$457,335
Fees for Services Legal-$254,780$775$255,555
Current Officers, Directors, Trustees, and Key Employees$123,083$29,749$1,081$153,913
Other Expenses$47,301$101,498$4,792$153,591
Fees for Service Investment Mgmnt Fees-$70,494-$70,494
Advertising-$18,828$3,105$21,933
Travel$5,973$1,591$494$8,058
Office Expenses$1,356$3,782$385$5,523
Total Functional Expenses$12,180,520$2,813,239$80,795$15,074,554

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,074,554
Expenses per Audited Statements$15,004,060
Total Expenses per Audited Statements$15,004,060
Expenses Not Reported on Financial Statements$70,494
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$174,266
Fundraising Direct Expenses$74,487
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$223,544$174,266$74,487$99,779
Total Events$223,544$174,266$74,487$99,779
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Client Funds Held in Custody$131,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The controller assists the independent accountant with the preparation of the form 990. The controller reviews the form 990 when it is complete and any changes needed are then given to the independent accountant. Once complete, the form 990 is provided to the board for review and filed.

Form 990, Part VI, Section B, Line 12C

The accounting department monitors and enforces compliance with the conflict of interest policy with daily interactions with directors of the organization.

Form 990, Part VI, Section B, Line 15A

The board determines the ceo's compensation. In determining the compensation, the board looks at market conditions by researching the salaries of other ceo's from similar facilities.

Form 990, Part VI, Section C, Line 19

The governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Magnolia Community Services Inc
EIN
72-0423625
Phone
5047332874
Address
100 CENTRAL AVENUE, JEFFERSON, LA 70121

Signing Officer

Name
Jennifer a Conrad
Title
Executive Director
Phone
5047332874
Signed
2025-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer a Conrad
Formed
1936
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
208
Volunteers
135

Preparer

Firm
Bourgeois Bennett LLC
Address
111 VETERANS BLVD SUITE 1700, METAIRIE, LA 70005
Preparer
Paul Pechon
Phone
5048314949
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services: program service expenses 2,162,567. Management and general expenses 55,026. Fundraising expenses 0. Total expenses 2,217,593.

Form 990, Part XII, Line 2C

The oversight process and the selection process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting standards provide detailed guidance for financial statement recognition, measurement, and disclosures of uncertain tax positions recognized in an entity's financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. Tax years ended june 30, 2021 and later remain subject to examination by the taxing authorities. As of june 30, 2024, management of magnolia believes that it has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

Form 990, Line 12

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code, and qualifies as an organization that is not a private foundation as defined in section 509(a) of the code. It is exempt from louisiana income tax under the authority of r.s. 47:121(5).

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IRS990/Desc0RESIDENTIAL PROGRAM - PROVIDING 24 HOUR FULL SERVICE IN A RESIDENTIAL ENVIRONMENT TO ADULTS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES. EDUCATION IS FOCUSED IN THE AREAS OF ACADEMICS, SOCIALIZATION, RECREATION, COMMUNICATION, VOCATIONAL, AND DAILY LIVING SKILLS.
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IRS990/Form990PartVIISectionAGrp/PersonNm4JULIE DANNA
IRS990/Form990PartVIISectionAGrp/PersonNm5ALLISON KINGSMILL
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID GALLO
IRS990/Form990PartVIISectionAGrp/PersonNm7JENNIFER CONRAD
IRS990/Form990PartVIISectionAGrp/PersonNm8ULISIA HILL
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY MARGARET SPELL
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8LEAD DIRECT SUPPORT PROFES
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF OPERATIONS
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IRS990/GrantsToOrganizationsInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO PROVIDE THE HIGHEST QUALITY OF SERVICE, LEADERSHIP AND ADVOCACY FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN THE GREATER NEW ORLEANS AREA.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt029124376
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IRS990/OccupancyGrp/ProgramServicesAmt0434160
IRS990/OccupancyGrp/TotalAmt0577856
IRS990/OfficeExpensesGrp/FundraisingAmt0385
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03782
IRS990/OfficeExpensesGrp/ProgramServicesAmt01356
IRS990/OfficeExpensesGrp/TotalAmt05523
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02951
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0154868
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0446400
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0604219
IRS990/OtherExpensesGrp/Desc0BED FEE-DEPT OF HEALTH
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2DATA PROCESSING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt04781
IRS990/OtherExpensesGrp/FundraisingAmt14792
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04297
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1166597
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2101498
IRS990/OtherExpensesGrp/ProgramServicesAmt0885505
IRS990/OtherExpensesGrp/ProgramServicesAmt1333064
IRS990/OtherExpensesGrp/ProgramServicesAmt26490
IRS990/OtherExpensesGrp/ProgramServicesAmt347301
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IRS990/OtherExpensesGrp/TotalAmt2177868
IRS990/OtherExpensesGrp/TotalAmt3153591
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IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0440148
IRS990/PayrollTaxesGrp/TotalAmt0552208
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0212587
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0255058
IRS990/PrincipalOfficerNm0JENNIFER A CONRAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID, JPHSA AND SCLSA
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012162246
IRS990/ProgSrvcAccomActy2Grp/Desc0VOCATIONAL AND SUPPORTED INDEPENDENT LIVING SERVICES - PROVIDING DAY SERVICE AND NIGHT SUPPORT FOR ADULTS WHO HAVE INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES. EDUCATION IS FOCUSED IN THE AREAS OF ACADEMICS, SOCIALIZATION, RECREATION, COMMUNICATION, VOCATIONAL, AND DAILY LIVING SKILLS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt035833
IRS990/ProgSrvcAccomActy3Grp/Desc0MAGNOLIA COMMUNITY SERVICES, INC PROVIDES INDIVIDUALIZED NURSING SERVICES TO CLIENTELE PARTICIPATING IN OUR RESIDENTIAL AND VOCATIONAL PROGRAMS. THIS MAY INCLUDE MEDICATION ADMINISTRATION, ENTERAL FEEDINGS, WOUND CARE, O2 STAT MONITORING, AND OTHER TASKS THAT ARE USUALLY PERFORMED BY NURSING STAFF IN OTHER ARENAS. MAGNOLIA EMPLOYS A DIRECTOR OF NURSING WHO SERVES AS ADMINISTRATOR OF THIS PROGRAM AND SUPERVISES A TEAM OF NURSES WHO ARE ON SITE FROM 6AM UNTIL 10PM, SEVEN DAYS PER WEEK. THERE IS AN ON-CALL ROTATION TO ADDRESS HEALTH EVENTS THAT MAY OCCUR BETWEEN 10PM AND 6AM, AND THE DIRECTOR OF NURSING MAINTAINS AN ON-CALL STATUS TO ADDRESS ANY EMERGENCIES THAT MAY ARISE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0676313
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04632398
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0690381
IRS990/PYOtherExpensesAmt07450680
IRS990/PYOtherRevenueAmt0200116
IRS990/PYProgramServiceRevenueAmt013906372
IRS990/PYRevenuesLessExpensesAmt03574900
IRS990/PYSalariesCompEmpBnftPaidAmt08403687
IRS990/PYTotalExpensesAmt015854367
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0637642
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt08075247
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05907944
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01110187
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0100429
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0758770
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0859199
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0819877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CLIENT FUNDS HELD IN CUSTODY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt054115
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt114553099
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PUBLICLY TRADED SECURITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt070494
IRS990ScheduleD/RevenueSubtotalAmt015641702
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURES OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. TAX YEARS ENDED JUNE 30, 2021 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. AS OF JUNE 30, 2024, MANAGEMENT OF MAGNOLIA BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND QUALIFIES AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. IT IS EXEMPT FROM LOUISIANA INCOME TAX UNDER THE AUTHORITY OF R.S. 47:121(5).

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