Magnolia Healthcare Inc
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.
Magnolia Healthcare Inc at a glance
In short: Magnolia Healthcare Inc gave $934K across 1 grant in 2024 (avg $934K), mostly in Louisiana. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $934,261
- Grants made (2024)
- 1
- Average grant
- $934,261
- Median grant
- $934,261
- Total assets
- $15,237,566
- -2.9% vs 2023
- Primary geography
- Louisiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Magnolia Healthcare Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Carrollwood Health Foundation Inc ($934K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $934K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carrollwood Health Foundation Inc Baton Rouge, LA | Operations | $934,261 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $15,237,566 | $30,203,346 | $28,697,781 | $934,261 | 1 | $1,433,313 |
| 2023 | $15,688,485 | $26,232,279 | $22,922,754 | — | — | $500,942 |
| 2022 | $15,447,465 | $27,584,269 | $23,381,029 | — | — | $266,663 |
| 2021 | $13,978,378 | $22,883,719 | $21,653,810 | — | — | $121,815 |
| 2020 | $14,643,848 | $24,897,266 | $22,846,019 | — | — | $23,368 |
About Magnolia Healthcare Inc
Based on IRS filings
Magnolia Healthcare Inc is a public charity, based in Baton Rouge, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.2M in total assets. In 2024, it awarded 1 grant totaling $934K. Net investment income was $1.4M.
Leadership & Key People
Officers and directors from IRS filings
Magnolia Healthcare Inc is led by Richard T. Daspit Sr., President on every filing since 2020; 4 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Richard T. Daspit Sr.
President
On filings since 2020
10 hrs/week
No compensation reported
James Burke
Director of Marketing
New on the 2024 filing
40 hrs/week
$108K (2024)
Lacey Terrell
Director of Nursing
New on the 2024 filing
40 hrs/week
$101K (2024)
Tasha Mosley
Administrator
On filings since 2020
40 hrs/week
$118K (2020) → $125K (2024)
Charlotte Roxanne Douglas
Staffing Coordinator
New on the 2024 filing
40 hrs/week
$105K (2024)
G. Stuart Murphy III
Treasurer
On filings since 2020
10 hrs/week
No compensation reported
Louis Herrero
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Former officers (13)
- Former: Scott Matthews (2020–2023) — Administrator
- Former: Vivian Richardson (2023) — Director of Clinical Services
- Former: Lonnie Peeler (2020–2022) — Chief Operating Officer
- Former: Richard Daspit Jr. (2020–2022) — CIO
- Former: Kimberly L. Joyce (2021–2022) — Chief Financial Officer
- Former: Brandon Holleman (2020–2021) — Chief Financial Officer
- Former: Gwendolyn Brown (2020–2021) — Nurse Consultant
- Former: Valerie Richardson (2021) — Nursing Administration
- Former: Vicky McLean MD (2021) — Chief Medical Director
- Former: Yolanda Bridges (2021) — Director of Nurses
- Former: Anita Peek (2020) — Director of Clinical Services
- Former: John Ncdanials (2020) — Administrator
- Former: Vicky Pilkington MD (2020) — Chief Medical Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $125K, to Tasha Mosley (Administrator). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Magnolia Healthcare Inc
How much does Magnolia Healthcare Inc give each year?
Magnolia Healthcare Inc gave $934K across 1 grant in 2024, according to its 2024 IRS Form 990.
How large is Magnolia Healthcare Inc?
Magnolia Healthcare Inc reported $15.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $30.2M.
Where does Magnolia Healthcare Inc operate?
Magnolia Healthcare Inc has awarded grants in Louisiana.
What is Magnolia Healthcare Inc's EIN?
Magnolia Healthcare Inc's EIN (Employer Identification Number) is 72-1304946. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Magnolia Healthcare Inc's focus areas in our free grants database
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