Small Public Charity

MAGNOLIA ART XCHANGE INC

Based in OCALA, FL, MAGNOLIA ART XCHANGE INC operates as a Small Public Charity. The organization reported $24K in revenue, $33K in expenses, $111K in total assets for fiscal year 2024. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $10K.

EIN: 474614706 OCALA, FL Latest filing: 2024
Total Revenue$24K
Total Expenses$33K
Total Assets$111K
Grant Records1
Funding Total$10K
Filing Years2020–2024

Mission

THE MAGNOLIA ART EXCHANGE, INC. WILL PROVIDE OPPORTUNITIES FOR ART APPRECIATION AND EDUCATION BY PROVIDING WORKING ART STUDIOS, INSTRUCTIONAL SPACES, AND EXHIBITION OPPORTUNITIES FOR VISUAL ARTISTS IN A COLLABORATIVE HUB THAT ENCOURAGES PROFESSIONAL DEVELOPMENT. OBJECTIVES ARE TO CONTRIBUTE TO THE CULTURAL, EDUCATIONAL, AND ECONOMIC VITALITY OF OCALA/MARION COUNTY BY: SUPPORTING THE PROFESSIONAL GROWTH AND EDUCATION OF ARTISTS, ENHANCING AND EXPANDING THE CULTURAL CAMPUS LOCATED WITHIN OCALA'S CENTRAL BUSINESS DISTRICT, PROVIDING CITIZENS AND VISITORS WITH THE OPPORTUNITY TO ENGAGE ARTISTS, LEARN AND VIEW THE PROCESS FOR CREATING FINE ART, AND EXPERIENCE THE INTERSECTION OF ART AND COMMUNITY, SUPPORTING THE COMMUNITY'S COMMITMENT TO THE ARTS AND SUPPORTING THE CITY OF OCALA'S ECONOMIC GOALS BY DRAWING VISITORS AND RESIDENTS TO THE CENTRAL BUSINESS DISTRICT AND TO RETAIL AND COMMERCIAL ESTABLISHMENTS.

Sample Grants Received

2017
PURSUIT OF THE FOUNDATION'S OVERALL MISSION
$10,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DIRECTOR Andreas Garcia
PRESIDENT Barbara Fitos
DIRECTOR Chris Herschberger
SECRETARY Darian Mosley
DIRECTOR Emily Parkman
VP Greg Wesolowski

Officer compensation and complete director data available with membership.

Top Grant Purposes

PURSUIT OF THE FOUNDATION'S OVERALL MISSION
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $24K $33K $111K
2023 $36K $32K $120K
2022 $12K $49K $115K
2021 $25K $41K $152K
2020 $5K $31K $167K

Between 2020 and 2024, reported annual revenue grew from $5K to $24K (+434%), with total assets most recently reported at $111K.

Interactive year-over-year charts and full filing details available with membership.

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