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Magnolia FCU Community Development Corporation

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Company Details

Name: Magnolia FCU Community Development Corporation
Jurisdiction: MISSISSIPPI
Business Type: Non Profit Corporation
Status: Good Standing
Effective Date: 28 Jul 2023 (2 years ago)
Business ID: 1404293
ZIP code: 39206
County: Hinds
State of Incorporation: MISSISSIPPI
Principal Office Address: 240 Briarwood DriveJackson, MS 39206

Agent

Name Role Address
Barry McNair Agent 200 Valley Road, Ridgeland, MS 39157

Incorporator

Name Role Address
Barry McNair Incorporator 200 Valley Road, Ridgeland, MS 39157

President

Name Role Address
Michael Waylett President 240 Briarwood Drive, Jackson, MS 39206

Vice President

Name Role Address
Grayland Fredericks Vice President 240 Briarwood Drive, Jackson, MS 39206

Treasurer

Name Role Address
Robert Metzger Treasurer 240 Briarwood Drive, Jackson, MS 39206

Secretary

Name Role Address
Clara Beauman Secretary 240 Briarwood Drive, Jackson, MS 39206

Director

Name Role Address
Barry McNair Director 240 Briarwood Drive, Jacks, MS 39206
Angela Harris Director 240 Briarwood Drive, Jackson, MS 39206

Chief Executive Officer

Name Role Address
Jessica Flowers Chief Executive Officer 240 Briarwood Drive, Jackson, MS 39206

Unique Entity ID

A UEI is a government-provided number, like a tax ID number, that’s used to identify businesses eligible for federal grants, awards and contracts.

Note: In April 2022, the federal government replaced its old identifier of choice, the Data Universal Numbering System (DUNS) number, with a government-issued UEI. Now all the federal government’s Integrated Award Environment systems use UEI numbers instead of DUNS numbers. So any entity doing business with the federal government must register for a UEI.

Unique Entity ID:
XA3SSYJJZSW3
CAGE Code:
9S0U1
UEI Expiration Date:
2025-10-28

Business Information

Activation Date:
2024-10-29
Initial Registration Date:
2023-12-18

Filings

Type Status Filed Date Description
Non-Profit Annual Report Filed 2025-05-14 Annual Report For Magnolia FCU Community Development Corporation
Formation Form Filed 2023-07-28 Formation For Magnolia FCU Community Development Corporation

USAspending Awards / Financial Assistance

Date:
2024-11-21
Awarding Agency Name:
Department of the Treasury
Transaction Description:
THE CDFI PROGRAM USES MONETARY AWARDS AND TRAINING OPPORTUNITIES TO INVEST IN AND BUILD THE CAPACITY OF CDFIS, EMPOWERING THEM TO GROW, ACHIEVE ORGANIZATIONAL SUSTAINABILITY, AND DRIVE COMMUNITY REVITALIZATION. THROUGH THE USE OF MONETARY AWARDS AND TRAINING OPPORTUNITIES FOR NATIVE CDFIS, THE CDFI FUND’S NACA PROGRAM CREATES JOBS, BUILDS BUSINESSES, AND FOSTERS ECONOMIC SELF-DETERMINATION IN NATIVE COMMUNITIES NATIONWIDE.
Obligated Amount:
300000.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00

Tax Exempt

Employer Identification Number (EIN) :
93-2642865
Classification:
Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Ruling Date:
2024-07
National Taxonomy Of Exempt Entities:
Community Improvement, Capacity Building: Economic Development
Deductibility:
Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letters

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Date of last update: 03 Jun 2025

Sources: Company Profile on Mississippi Secretary of State Website