MAGRR FOUNDATION INC

EIN: 621861524 501(c)(3) Animal-Related

GERMANTOWN, TN

Total Revenue
$19,763
Total Expenses
$3,919
Total Assets
$1,029,486
Net Assets
$1,029,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TN
Principal Officer
LEE ANN DOBSON
Phone
9017555607
Tax Period
2023-07-01 to 2024-06-30

MAGRR FOUNDATION INC, founded in 2001, is a micro nonprofit in the Animal-Related sector that reported $20K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 80% operating margin.

Mission

TO DISTRIBUTE GRANTS TO ANIMAL RESCUE ORGANIZATIONS, ENSURING THEY HAVE THE RESOURCES NEEDED TO CONTINUE THEIR VITAL WORK. WITH A FOCUS ON COMPASSION, COMMUNITY, AND COMMITMENT, THE COMPANY STRIVES TO MAKE A LASTING IMPACT ON ANIMAL WELFARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,926
Program Service Revenue $0
Investment Income $16,837
Other Revenue $0
TOTAL REVENUE $19,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,717
Other Expenses $3,919
TOTAL EXPENSES $3,919

Year-over-Year Comparison

2023 2022 Change
Revenue $19,763 $607,894 -1.0%
Expenses $3,919 $94,039 -1.0%
Net Income $15,844 $513,855 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE ANN DOBSON PRESIDENT N/A
Officer
$0 $0 $0
TONYA COOK VICE-PRESIDE N/A
Officer
$0 $0 $0
AUSTIN SIMMONS SECRETARY/TR N/A
Officer
$0 $0 $0
BEVERLY HARTLETT DIRECTOR N/A
Director
$0 $0 $0
WILLIAM MCKINNEY DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $19,763 $3,919 $1,029,486 $15,844
2023 $607,894 $94,039 $998,811 $513,855
2022 $178,413 $137,607 $484,956 $40,806
2021 $192,567 $116,106 $444,150 $76,461
2020 $195,844 $238,249 $367,689 $-42,405
2019 $189,350 $211,343 $410,094 $-21,993
2018 $224,652 $179,989 $432,087 $44,663
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