Mission
TO SERVE THE HEALTH AND REHABILITATION NEEDS OF THE COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE FOR EACH PATIENT, RESIDENT, FAMILY MEMBER, VISITOR AND CO-WORKER.
Public Charity
MAGNOLIA HEALTHCARE INC
MAGNOLIA HEALTHCARE INC, of BATON ROUGE, LA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $30.2M in revenue, $28.7M in expenses, $15.2M in total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $934K.
EIN: 721304946
BATON ROUGE, LA
Latest filing: 2024
Total Revenue$30.2M
Total Expenses$28.7M
Total Assets$15.2M
Grants Given1
Grant Total$934K
Filing Years2019–2024
Where $100 goes at Magnolia Healthcare Inc
How Magnolia Healthcare Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$82
Programs
the work itself
$18
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $82 for programs
$82
Own and operate four nursing homes totaling beds in various locations
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
OPERATIONS
$934,261
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
STAFFING COORDINATOR
Charlotte Roxanne Douglas
TREASURER
G Stuart Murphy Iii
DIRECTOR OF MARKETING
James Burke
DIRECTOR OF NURSING
Lacey Terrell
SECRETARY
Louis Herrero
PRESIDENT
Richard T Daspit Sr
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $30.2M | $28.7M | $15.2M |
| 2023 | $26.2M | $22.9M | $15.7M |
| 2022 | $27.6M | $23.4M | $15.4M |
| 2020 | $24.9M | $22.8M | $14.6M |
| 2019 | $21.6M | $21.5M | $12.9M |
Between 2019 and 2024, reported annual revenue grew from $21.6M to $30.2M (+40%), with total assets most recently reported at $15.2M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in LA.
LA
Full geographic grant map with state-by-state breakdown available with membership.