Magnet Hccn

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 874656639 ✦ Lexington, MS ✦ Designated as a 501(c)(3)

Overview

What is Magnet Hccn?

Magnet Hccn is a nonprofit organization located in Lexington, Mississippi, with an address at 17280 Highway 17. Their primary purpose is to distribute sub-grants to various community health centers, aligning with objectives that are religious, charitable, scientific, literary, or educational in nature. This nonprofit follows the guidelines of Section 501 (c) 3 of the Internal Revenue Code of 1986, allowing them to make distributions to other qualifying exempt organizations. Magnet Hccn's mission is dedicated to improving health and well-being in their community by supporting local health centers.


Is Magnet Hccn legitimate?

Magnet Hccn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnet Hccn submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,524

For more financial information, click here


What is the mission statement of Magnet Hccn?
Who is the CEO of Magnet Hccn?
What is the revenue of Magnet Hccn?
Who are the executives of Magnet Hccn and what are their salaries?
Where can I find the form 990 for Magnet Hccn?

Mission Statement of Magnet Hccn

Magnet HCCN, as per its mission, is an organization with exclusive focus on religious, charitable, scientific, literary, or educational purposes. In line with this, it distributes sub-grants to other organizations that fall under Section 501 (c) 3 of the Internal Revenue Code of 1986, furthering its philanthropic endeavors and contributing to various sectors that serve societal needs. The organization's activities are geared towards promoting these causes, thereby making significant contributions to the community and supporting other organizations with similar objectives.

Impact

This information is meant to be a general summary of Magnet Hccn. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Magnet Hccn's impact is primarily focused on supporting community health centers through the distribution of sub-grants. This direct assistance helps enhance the capabilities of these health centers to provide essential services to underserved populations. By enabling these centers to expand their reach and improve their services, Magnet Hccn contributes significantly to the overall well-being and health outcomes of communities. Their efforts align with their mission to serve exclusively religious, charitable, scientific, literary, or educational purposes with a specific focus on supporting organizations that qualify as exempt under Section 501(c)3 of the Internal Revenue Code. Additionally, by tackling issues related to disease, Magnet Hccn plays a crucial role in promoting public health and addressing healthcare disparities in the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $725,000

    • Assets and Liabilities:
  • Total Assets: $202,931
  • Total Liabilities: $509,524
  • Net Assets: -$306,593
  • Organization Details

    Founding Year

    2022

    Principal Officer

    Dr Rozell Chapman

    Main Address

    17280 Highway 17, Lexington, MS, 39095

    NTEE Category

    Code: G90 - Disease

    If you are a representative of Magnet Hccn and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.