Civic Intelligence

Magnolia Tribune Institute

EIN 92-0605404 • 501(c)3 • Flora, MS

Pub. 78 EligibleNTEE A30

Profile

We are dedicated to the mission of supplying citizens with relevant, timely, and trustworthy information on the issues that impact their lives.

P O Box 649Flora, MS 39071

magnoliatribune.com

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

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

NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.00x

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

NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

73rd percentile

21%

Higher net margin than 73% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$155,075

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

NTEE A • $500k-$1M nonprofits • Source year 2024

Asset Growth

88th percentile

61%

Faster asset growth than 88% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

39%

Faster revenue growth than 75% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$537,640

Up $204,521 (+61%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$537,640

Up $204,521 (+61%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin73rd percentile

Revenue

Up

$951,699

Up $265,098 (+39%) from 2023

Expenses

Up

$747,179

Up $393,697 (+111%) from 2023

Net Income

Down

$204,520

Down $128,599 (-39%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$600K$400K$200K$0Assets 2023: $333,119Liabilities 2023: $0Net Assets 2023: $333,1192023Assets 2024: $537,640Liabilities 2024: $0Net Assets 2024: $537,6402024

Highlighted filing

2024

Assets$537,640
Liabilities$0
Net Assets$537,640
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

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

$1.0M$500K$0Revenue 2023: $686,601Expenses 2023: $353,482Net Income 2023: $333,1192023Revenue 2024: $951,699Expenses 2024: $747,179Net Income 2024: $204,5202024

Highlighted filing

2024

Revenue$951,699
Expenses$747,179
Net Income$204,520
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$537,640
Liabilities
$0
Net assets
$537,640
Revenue
$951,699
Expenses
$747,179
Net income
$204,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.38$0.00$5.38$9.52$7.47$2.05
2023Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$6.87$3.53$3.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$951,699
Mission and Program Overview

Mission

We are dedicated to the mission of supplying citizens with relevant, timely, and trustworthy information on the issues that impact their lives.

The institute is a non-profit newsroom dedicated to the mission of educating the public on issues that matter the most to their lives, conducting in-depth investigative reporting, and training the next generation of journalists. As part of this mission, magnolia tribune institue will make any content produced by it free to the general public and will allow any other news outlet to reproduce the content with attribution at no cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,869$443,390▲ $230,521
Total Assets$333,119$537,640▲ $204,521
Other Assets Total$120,250$94,250▼ $26,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$333,119$537,640▲ $204,521
Total Net Assets Fund Balance$333,119$537,640▲ $204,521
Total Liabilities and Net Assets / Fund Balance$333,119$537,640▲ $204,521

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$94,250--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell LatinoCEO/secretaryFT$147,500$7,575$155,075

Board Members and Trustees

NameTitle
Spencer RitchieChairman
Lucien SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$948,853
Program Service Revenue
$0
Investment Income
$2,846
Other Revenue
$0
All Other Contributions
$948,853
Change in Net Assets
$204,520

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$86,500Fair Market Value (FMV)
Total Noncash Contributions1$86,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$951,699
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$951,699
Total Revenue per Form 990
$951,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$392,457
Other Expenses$354,722
Total Fundraising Expense$106,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$241,845$36,442$53,007$331,294
Fees for Services Other$102,950$3,026$757$106,733
Advertising$90,461$5,026$5,026$100,513
Office Expenses$31,030$6,650$6,650$44,330
Payroll Taxes$26,019$3,921$5,703$35,643
Depreciation Depletion$26,000--$26,000
Other Employee Benefits$18,630$2,807$4,083$25,520
Travel$10,158$2,032$8,127$20,317
Other Expenses$7,037-$23,354$7,037
Insurance-$3,083-$3,083
Total Functional Expenses$577,485$62,987$106,707$747,179

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$747,179
Total Expenses per Audited Statements$747,179
Total Expenses per Form 990$747,179
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
Yes
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 A, Line 7A

“Members are elected by the current committee of the board of directors.”

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

“The organization is provided a draft of form 990 from the accountant. The ceo reviews the draft and a copy is given to each member of the board. Any questions brought up by the ceo or board members are answered/cleared by the accountant prior to the filing of form 990.”

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

“The board, at its last meeting of any calendar year, performs a review of any potential conflicts of interest, but has a standing policy of addressing any potential conflict of interest indentified throughout the course of the year.”

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

“Directors will receive no compensation for their service on the board of directors, except that: (a) the board of directors may vote to reimburse a director for reasonable expenses incurred in furtherance of the mission of magnolia tribune institute, such as travel expenses to a conference. Any payments to any director contemplated under this provision shall be approved in advance by the board of directors; and (b) this provision shall not be construed to prevent an employee of magnolia tribune institute, who also is appointed to, or serves on, the board of directors, from being compensated for his or her work as an employee.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Magnolia Tribune Institute
EIN
92-0605404
Phone
6018992694
Address
P O BOX 649, FLORA, MS 39071

Signing Officer

Name
Russell Latino
Title
CEO
Phone
6018992694
Signed
2025-05-14

Organization Details

Principal Officer
Russell Latino
Formed
2022
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
2
Employees
5
Volunteers
0

Preparer

Firm
Granthampoole Pllc
Address
1062 HIGHLAND COLONY PKY STE 201, RIDGELAND, MS 39157
Preparer
Karen M Wagner
Phone
6014992400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Indepedent contractors: program service expenses 87,997. Management and general expenses 0. Fundraising expenses 0. Total expenses 87,997. Subscriptions: program service expenses 11,349. Management and general expenses 3,026. Fundraising expenses 757. Total expenses 15,132. Professional : program service expenses 3,604. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,604.”

FORM 990, PART XI, LINE 9:

“ROUNDING 1.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RUSSELL LATINO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD, IN THE ABSENCE OF THE CEO, REVIEWS 990S FROM SIMILIAR ORGANIZATIONS IN THE MEDIA AND THINKTANK SPACE FROM MISSISSIPPI AND SURROUNDING STATES TO DETERMINE THE CEO'S COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0GOOGLE ADVERTISING
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt086500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE ELECTED BY THE CURRENT COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS PROVIDED A DRAFT OF FORM 990 FROM THE ACCOUNTANT. THE CEO REVIEWS THE DRAFT AND A COPY IS GIVEN TO EACH MEMBER OF THE BOARD. ANY QUESTIONS BROUGHT UP BY THE CEO OR BOARD MEMBERS ARE ANSWERED/CLEARED BY THE ACCOUNTANT PRIOR TO THE FILING OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD, AT ITS LAST MEETING OF ANY CALENDAR YEAR, PERFORMS A REVIEW OF ANY POTENTIAL CONFLICTS OF INTEREST, BUT HAS A STANDING POLICY OF ADDRESSING ANY POTENTIAL CONFLICT OF INTEREST INDENTIFIED THROUGHOUT THE COURSE OF THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS WILL RECEIVE NO COMPENSATION FOR THEIR SERVICE ON THE BOARD OF DIRECTORS, EXCEPT THAT: (A) THE BOARD OF DIRECTORS MAY VOTE TO REIMBURSE A DIRECTOR FOR REASONABLE EXPENSES INCURRED IN FURTHERANCE OF THE MISSION OF MAGNOLIA TRIBUNE INSTITUTE, SUCH AS TRAVEL EXPENSES TO A CONFERENCE. ANY PAYMENTS TO ANY DIRECTOR CONTEMPLATED UNDER THIS PROVISION SHALL BE APPROVED IN ADVANCE BY THE BOARD OF DIRECTORS; AND (B) THIS PROVISION SHALL NOT BE CONSTRUED TO PREVENT AN EMPLOYEE OF MAGNOLIA TRIBUNE INSTITUTE, WHO ALSO IS APPOINTED TO, OR SERVES ON, THE BOARD OF DIRECTORS, FROM BEING COMPENSATED FOR HIS OR HER WORK AS AN EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INDEPEDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 87,997. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,997. SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 11,349. MANAGEMENT AND GENERAL EXPENSES 3,026. FUNDRAISING EXPENSES 757. TOTAL EXPENSES 15,132. PROFESSIONAL : PROGRAM SERVICE EXPENSES 3,604. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,604.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0333119
IRS990/TotalAssetsEOYAmt0537640
IRS990/TotalAssetsGrp/BOYAmt0333119
IRS990/TotalAssetsGrp/EOYAmt0537640
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0948853
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0106707
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062987
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0577485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0747179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333119
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0537640
IRS990/TotalOtherCompensationAmt07575
IRS990/TotalProgramServiceExpensesAmt0577485
IRS990/TotalReportableCompFromOrgAmt0147500
IRS990/TotalRevenueGrp/ExclusionAmt02846
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0951699
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0333119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0537640
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt08127
IRS990/TravelGrp/ManagementAndGeneralAmt02032
IRS990/TravelGrp/ProgramServicesAmt010158
IRS990/TravelGrp/TotalAmt020317
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 649
IRS990/USAddress/CityNm0FLORA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039071
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0MAGNOLIATRIBUNE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL LATINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06018992694
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA TRIBUNE INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0920605404
ReturnHeader/Filer/PhoneNum06018992694
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 649
ReturnHeader/Filer/USAddress/CityNm0FLORA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039071
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640903390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANTHAMPOOLE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01062 HIGHLAND COLONY PKY STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06014992400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN M WAGNER
ReturnHeader/ReturnTs02025-05-14T17:41:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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