Three Magnolias Family Foundation Inc

EIN: 870833938 501(c)(3) Food, Agriculture & Nutrition

Chattahoochee Hill, GA

Total Revenue
$511
Total Expenses
$119,990
Total Assets
$6,888
Net Assets
$6,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
Rebecca Williams
Phone
6785404020
Tax Period
2024-01-01 to 2024-12-31

Three Magnolias Family Foundation Inc, founded in 2021, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $511 in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 23381% operating deficit.

Mission

Three Magnolias Family Foundation Inc. is operated exclusivly for charitable, scientific and educational purposes. It is operated to be an example of sustainable, regenerative farming in the South in a non-commercial manner and will provide food grown by the organization to the local community.Three Magnolias Family Foundation provides workshops and trainings for farmers and food-workers in regenerative organic practices.We provide workshops and trainings for non-farming individuals and organizations to increase awareness around regenerative agriculture, and provide business training support to beginning farmers and for farmers wishing to scale up their existing operations.Three Magnolias Family Foundation partners with organizations having similar purposes and philosophies to provide physical resources for on-farm research in organic and regenerative agriculture practices and economic models.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $511
Other Revenue $0
TOTAL REVENUE $511

Expense Breakdown

Grants Paid $54,443
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,441
Other Expenses $65,547
TOTAL EXPENSES $119,990

Year-over-Year Comparison

2024 2023 Change
Revenue $511 $20,247 -1.0%
Expenses $119,990 $547,259 -0.8%
Net Income $-119,479 $-527,012 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rebecca Williams President & Treasurer 5.00
Officer Director
$0 $0 $0
Ross Williams Secretary 3.00
Officer 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 $511 $119,990 $6,888 $-119,479
2023 $20,247 $547,259 $126,982 $-527,012
2022 $508,487 $578,180 $663,047 $-69,693
2021 $735,073 $12,001 $731,072 $723,072
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