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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Magnolia Holding Company

Magnolia Holding Company

Fiscal year ending 2024. Filed on September 10, 2025.

2200 Market Street Suite 500
Galveston, Texas 77550

Magnolia Holding Company (EIN: 76-0611545) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Magnolia Holding Company, a 501(c)(2) title-holding organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $268,000. The highest compensated employee at Magnolia Holding Company is Douglas G Rogers with fiscal year 2024 compensation of $472,120.

Revenue, expenses, and employee compensation

Revenue

-$547,883

Expenses

-$547,883

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Douglas G Rogers
EXEC Dir/Sec/Treas
$472,120
$0 $426,538 $45,582
James S Jobe
Assistant Secretary and Treasurer
$210,245
$0 $176,574 $33,671
Gladys Stansberry
Assistant Treasurer
$121,635
$0 $106,004 $15,631

Benchmark Employee Compensation

Non-Employee Board Members

John W Kelso
President and Director
$72,000
$0 $72,000 No other comp
E J Pederson
Director
$72,000
$0 $72,000 No other comp
Michael C Doherty
Vice President and Director
$72,000
$0 $72,000 No other comp
William R Sealy
Director
$72,000
$0 $72,000 No other comp
Keith Bassett
Director
$72,000
$0 $72,000 No other comp
James B Galbraith
Director
$66,000
$0 $66,000 No other comp

Mission Statement

HOLDING TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO THE SEALY & SMITH FOUNDATION.

Revisions to this organization profile

September 10, 2025:
2024 Magnolia Holding Company 990 filed
November 21, 2024:
2023 Magnolia Holding Company 990 filed
October 26, 2023:
2022 Magnolia Holding Company 990 filed

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