Form 990-EZ, Part I, Line 16, Other Expenses
“Meals and entertainment 1,209”
Magnolia Impact Solutions
EIN 87-2155518 • 501(c)3 • Philadelphia, PA
990-N CoverageNTEE P20
Profile
see sch o
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Down$41,184
Down $9,308 (-18%) from 2023
Liabilities
Down$813
Down $33,457 (-98%) from 2023
Net Assets
Up$40,371
Up $24,149 (+149%) from 2023
Operations
Revenue
Up$143,470
Up $65,379 (+84%) from 2023
Expenses
Up$119,321
Up $28,703 (+32%) from 2023
Net Income
Up$24,149
Up $36,676 (+293%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $41,184
- Liabilities
- $813
- Net assets
- $40,371
- Revenue
- $143,470
- Expenses
- $119,321
- Net income
- $24,149
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 14, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $160,240
Mission and Program Overview
Mission
see sch o
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Building a coalition of partners committed to using the power of data to radically and continuously enhance our efforts to improve the financial health of all people, particularly people of color and women. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Vibhat Nair | CEO | PT | $0 | - | - |
| Steve Wanner | Board Member | - | $0 | - | - |
| James Woods | Board Member | - | $0 | - | - |
| Anastasiya Ghosh | Board Member | - | $0 | - | - |
| John Thompson | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Magnolia Impact Solutions
- EIN
- 87-2155518
- Phone
- 2156452462
- Address
- 1500 Chestnut St STE 2 1161, Philadelphia, PA 19102
Signing Officer
- Name
- Vibhat Nair
- Title
- CEO
- Phone
- 2156452462
- Signed
- 2025-05-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Andrew Benvenuti CPA
- Address
- PO Box 626, Manahawwkin, NJ 08050
- Preparer
- Andrew Benvenuti JrCPA
- Phone
- 6098052240
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16, Other Expenses
“Fundraising 467”
Form 990-EZ, Part I, Line 16, Other Expenses
“Conferences, conventions, and meetings 1,100”
Form 990-EZ, Part I, Line 16, Other Expenses
“Supplies 112”
Form 990-EZ, Part I, Line 16, Other Expenses
“Amortization 3,326”
Form 990-EZ, Part I, Line 16, Other Expenses
“Insurance 908”
Form 990-EZ, Part I, Line 16, Other Expenses
“Accounting Fees 1,824”
Form 990-EZ, Part I, Line 16, Other Expenses
“Office Expenses 1,399”
Form 990-EZ, Part I, Line 16, Other Expenses
“Vehicle 672”
Form 990-EZ, Part I, Line 16, Other Expenses
“Computer Software 3,910”
Form 990-EZ, Part I, Line 16, Other Expenses
“Consultant 45,632”
Form 990-EZ, Part I, Line 16, Other Expenses
“Legal Professional Fees 2,990”
Form 990-EZ, Part II, Line 26, Liabilities
“Accounts Payable Beginning of year 34,270, End of year 813”
Form 990-EZ, Part III, Section Satement of Programs, Line 1
“The Organization is committed to using the pwer of data to radically and continously enhance and to improve the financial health of all people in America particularly people of color and women.”
Raw XML Appendix173 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Meals and entertainment 1,209 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Fundraising 467 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Conferences, conventions, and meetings 1,100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Supplies 112 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Amortization 3,326 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Insurance 908 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Accounting Fees 1,824 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Office Expenses 1,399 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Vehicle 672 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Computer Software 3,910 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Consultant 45,632 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Legal Professional Fees 2,990 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Accounts Payable Beginning of year 34,270, End of year 813 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | The Organization is committed to using the pwer of data to radically and continously enhance and to improve the financial health of all people in America particularly people of color and women. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990-EZ, Part II, Line 26, Liabilities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990-EZ, Part III, Section Satement of Programs, Line 1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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