NonprofitsMagnalia Foundation Inc

Religion-Related

Magnalia Foundation Inc

ALPHARETTA, GA

Total revenue

$119K

Total expenses

$83K

Net assets

$672K

Grants received

$30K

1 grants

EIN

463267182

Tax year

2024

Mission

Promote cultural, social, spiritual,and educational activities within the South East region of the United States

Programs

5 programs

The Foundation sponsored and organzied a three day overnight religious silent retreat for over 40 men to foster and develop their character and spirituality. The silent retreat includes daily Mass services, ten meditations preached by a priest, talks on spiritual virtues by laymen, praying the rosary, opportunities for silent prayer, spiritual counseling and spiritual reading. Expenses were room and board for the 40 men.

Expenses: $9K

The Foundation sponsors several outreach activities: Epiphany Party which is an outreach activity in a social setting, Christ on Main, Super Saturdays for young professioanls, and the Point-St. Raphael activities.

Expenses: $5K

The Foundation offsets the travel and lodging expenses of local middle school (6th-8th grade) boys, their counselors and chaperones to attend a week long summer leadership camp in Eastern Pennsylvania to foster and develop their leadership abilities, and their character, spirituality and fellowship. The leadership camp is an action-packed, one week overnight summer camp for entering 6th - 8th grade boys. The camp aims to help boys develop the skills and virtues necessary to be leaders. Each boy os placed on a team with about 10 other campers with whom he shares a cabin, attends activities, and competes in games. Every morning, campers attend a talk on a specific virtue, as well as classes on journalism, nature studies, great Americans, or military history. In the afternoons, boys compete in football, basketball, soccer, and dodgeball, followed by a refreshing swim. Each evening features a camp-wide activity ranging from capture the flag to a treasure hunt to t

Expenses: $5K

The Foundation sponsored and organzied monthly evening silent prayer meetings each lasting several hours for 20-40 men to foster and develop their character, spirituality and fellowship. Each prayer meeting includes two preached meditations by a priest, a talk on a spiritual virtue by a layman, an opportunity for confession and spiritual direction with a priest, a time for a silent prayer, and a get together at the end of evening. Expense covered the use of a chapel and classroom in a Church.

Expenses: $5K

The Foundation sponsors a Feast Day Mass.

Expenses: $1K

Financials

FY 2024

Revenue

Contributions & grants$93K
Program service revenue$22K
Investment income$3K
Other revenue$2K
Total revenue$119K

Expenses

Grants paid$1K
Salaries & benefits
Fundraising
Other expenses$82K
Total expenses$83K
Total assets$672K
Net assets$672K

People

7 listed

NameRoleCompensation

Steve Pacitti

Board

2 hrs/wk

Ricardo Alvarado

Board

2 hrs/wk

Juan Hernandez

Board

2 hrs/wk

Enrique Gelpi

Board

2 hrs/wk

Jerry Drisaldi

CEO

Board

10 hrs/wk

Richard Gruca

President

Board

5 hrs/wk

David Leta

CFO & Treasurer

Board

10 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$30K
CPAC SCHOLARSHIP & STUDENT SCHOLAR-INTERN PROGRAM
2020

Funded by

$30K from 1 funder · 1 grant · 2020

The Sedwick Charitable Foundation

$30K · 1 grant · 2020

Details

EIN463267182
NTEE codeX20
Subsection03
Ruling date2014-07
Formed2013
Employees0
Volunteers30
MAGNALIA FOUNDATION INC — Mission, Financials & Grants Received | Grantivo