Civic Intelligence

Magic Penny Early Literacy Institute Inc

EIN 20-5359720 • 501(c)3 • Colden, NY

Profile

Early literacy development

8659 Finch RoadColden, NY 14033

www.magicpennyreading.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

31st percentile

-9.9%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

36th percentile

-14%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

-11%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$31,647

Down $5,260 (-14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$31,647

Down $5,260 (-14%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin31st percentile

Revenue

Down

$53,211

Down $6,564 (-11%) from 2020

Expenses

Up

$58,471

Up $14,699 (+34%) from 2020

Net Income

Down

-$5,260

Down $21,263 (-133%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$20K$0-$20KAssets 2014: $4,933Liabilities 2014: $0Net Assets 2014: $4,9332014Assets 2015: $1,002Liabilities 2015: $0Net Assets 2015: $1,0022015Assets 2016: $6,757Liabilities 2016: $5,000Net Assets 2016: $1,7572016Assets 2017: $4,656Liabilities 2017: $5,000Net Assets 2017: -$3442017Assets 2018: $234Liabilities 2018: $5,000Net Assets 2018: -$4,7662018Assets 2019: $20,904Liabilities 2019: $0Net Assets 2019: $20,9042019Assets 2020: $36,907Liabilities 2020: $0Net Assets 2020: $36,9072020Assets 2021: $31,647Liabilities 2021: $0Net Assets 2021: $31,6472021

Highlighted filing

2021

Assets$31,647
Liabilities$0
Net Assets$31,647
Open 2021 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2014: $6,433Expenses 2014: $1,500Net Income 2014: $4,9332014Revenue 2015: -$3,931Expenses 2015: $0Net Income 2015: -$3,9312015Revenue 2016: $50,106Expenses 2016: $49,351Net Income 2016: $7552016Revenue 2017: $30,284Expenses 2017: $32,385Net Income 2017: -$2,1012017Revenue 2018: $22,021Expenses 2018: $26,443Net Income 2018: -$4,4222018Revenue 2019: $62,074Expenses 2019: $36,404Net Income 2019: $25,6702019Revenue 2020: $59,775Expenses 2020: $43,772Net Income 2020: $16,0032020Revenue 2021: $53,211Expenses 2021: $58,471Net Income 2021: -$5,2602021

Highlighted filing

2021

Revenue$53,211
Expenses$58,471
Net Income-$5,260
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,647
Liabilities
$0
Net assets
$31,647
Revenue
$53,211
Expenses
$58,471
Net income
-$5,260
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$31.6$0.00$31.6$53.2$58.5$5.26
2020Detailed filing. Detailed filing data is available for this year.$36.9$0.00$36.9$59.8$43.8$16.0
2019Detailed filing. Detailed filing data is available for this year.$20.9$0.00$20.9$62.1$36.4$25.7
2018Detailed filing. Detailed filing data is available for this year.$0.23$5.00$4.77$22.0$26.4$4.42
2017Detailed filing. Detailed filing data is available for this year.$4.66$5.00$0.34$30.3$32.4$2.10
2016Detailed filing. Detailed filing data is available for this year.$6.76$5.00$1.76$50.1$49.4$0.76
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$3.93$0.00$3.93
2014Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$6.43$1.50$4.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.2
Gross Receipts
$53,211
Mission and Program Overview

Mission

Early literacy development

Program Services

DescriptionGrantsExpenses
EARLY LITERACY DEVELOPMENT$0$58,472
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SANDRA SCHNEIDERPresident/TreasurerFT$0--
DANIEL SCHNEIDERVice President/SecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Magic Penny Early Literacy Institute Inc
EIN
20-5359720
Phone
8008730396
Address
8659 FINCH ROAD, COLDEN, NY 14033

Signing Officer

Name
Sandra Schneider
Title
President
Phone
8008730396
Signed
2022-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Yochum Accounting & Tax LLC
Address
3976 Seneca Street, West Seneca, NY 14224
Preparer
Kevin Michael Yochum Ea
Phone
7166750777
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: INSURANCE. Amount: 954. Description: STATE CHARITY FEE. Amount: 50. Total to Form 990-EZ, line 16: 1,004.”

Raw XML Appendix148 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08008730396
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0COLDEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014033
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt036907
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt031647
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IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/ExcessOrDeficitForYearAmt0-5260
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt031647
IRS990EZ/GrossReceiptsAmt053211
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt036907
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt031647
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01004
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0EARLY LITERACY DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EARLY LITERACY DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt058472
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt053587
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt058472
IRS990EZ/TotalRevenueAmt053211
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.magicpennyreading.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt053211
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt059775
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt057073
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt030284
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0222364
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/PublicSupportTotal509Amt0222364
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt053211
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt059775
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt030284
IRS990ScheduleA/Total509Grp/TotalAmt0222364
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt053211
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt030284
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0222364
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: INSURANCE. Amount: 954. Description: STATE CHARITY FEE. Amount: 50. Total to Form 990-EZ, line 16: 1,004.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-11T08:46:35-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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