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Nonprofit · EIN 46-3267182

MAGNALIA FOUNDATION INC

Tax-exempt · ALPHARETTA, GA 30004

Financials

$111K$70K2023$119K$83K2024
Revenue Expenses · by fiscal year end
Financials of MAGNALIA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$118,610$83,267$35,343$672,227$0$672,227
June 30, 2024990$110,580$69,718$40,862$636,884$0$636,884
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$92,696
Program service revenue
$21,548
Investment income
$2,695
Other revenue
$1,671

Expenses

Grants and similar amounts paid
$1,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,121
Depreciation
$10,581
Program services (functional)
$34,477
Management and general (functional)
$48,790

Balance sheet and other

Total assets, start of year
$636,884
Total assets, end of year
$672,227
Total liabilities, end of year
$0
Net assets, end of year
$672,227
Land, buildings and equipment
$528,121
Gross receipts
$118,610
Employees
0
Volunteers
30
Year formed
2013
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Steve Pacitti–
Trustee or director
2$0
Ricardo Alvarado–
Trustee or director
2$0
Juan Hernandez–
Trustee or director
2$0
Enrique Gelpi–
Trustee or director
2$0
Jerry DrisaldiCEO
Officer
10$0
Richard GrucaPresident
Officer
5$0
David LetaCFO & Treasurer
Officer
10$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
Ricardo AlvaradoDirector
Trustee or director
2$0
Steve PacittiDirector
Trustee or director
2$0
Enrique GelpiDirector
Trustee or director
2$0
Jerome DrisaldiChairman
Trustee or director, Officer
10$0
Richard GrucaPresident
Trustee or director, Officer
5$0
Michael MollettaTreasurer
Trustee or director, Officer
5$0
Dave LettaSecretary
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
12460 CRABAPPLE RD STE 202 PMB 621, ALPHARETTA, GA 30004-6646
In care of
% JERRY DRISALDI
Signed the 990
JERRY DRISALDI, CEO
Phone
(770) 641-9394
Return prepared by
Oliver Mahone

Mission

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

990 for the year ended June 30, 2025

Program accomplishments

  • The Foundation sponsored and organzied a week long overnight religious workshop for over 17 men to foster and develop their character, spirituality and fellowship through daily Mass services, preached meditations, nine to ten lectures on an aspect of theology, praying the Rosary, opportunities for confession and spiritual direction with a priest, opportunities for silent prayer, spiritual counseling, spiritual reading, and get togethers. Expenses were room and board fo the 17 men.
    Expenses $9,526 · revenue $9,361
  • 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 $9,082 · revenue $12,187
  • 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 $5,171
  • 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 $4,798
  • 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 $4,500
  • The Foundation sponsors a Feast Day Mass.
    Expenses $1,400

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-3267182
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$672,227
Income (IRS master file)
$118,610

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$118,610$83,267$672,227XML
990June 2024$110,580$69,718$636,884XML
990June 2023$134,972$40,455$596,019IRS
990June 2022–––IRS
990-EZJune 2021–––IRS
990-EZJune 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3267182).

Questions about MAGNALIA FOUNDATION INC

What is the EIN of MAGNALIA FOUNDATION INC?
The employer identification number (EIN) of MAGNALIA FOUNDATION INC is 46-3267182.
Is MAGNALIA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to MAGNALIA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNALIA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAGNALIA FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNALIA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of MAGNALIA FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does MAGNALIA FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $118,610, expenses of $83,267 and total assets of $672,227 at year end.

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