Civic Intelligence

Magnolia Library Center Inc.

990EZ • Fiscal year 2016 • EIN 23-7089725

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 12, 2017

Organization ProfileMAGNOLIALIBRARY.ORG
1 Lexington AveGloucester, MA 01930

(978) 525-3343

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

32nd percentile

-7.7%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

91%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$154,463

Down $12,925 (-7.7%) from 2015

Net Assets

Down

$154,463

Down $12,925 (-7.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin20th percentile

Revenue

Up

$90,110

Up $42,914 (+91%) from 2015

Expenses

Up

$103,035

Up $73,159 (+245%) from 2015

Net Income

Down

-$12,925

Down $30,245 (-175%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2015: $167,388Liabilities 2015: $0Net Assets 2015: $167,3882015Assets 2016: $154,463Liabilities 2016: $0Net Assets 2016: $154,4632016Assets 2017: $165,774Liabilities 2017: $0Net Assets 2017: $165,7742017Assets 2018: $169,064Liabilities 2018: $0Net Assets 2018: $169,0642018Assets 2019: $166,425Liabilities 2019: $0Net Assets 2019: $166,4252019Assets 2020: $138,282Liabilities 2020: $0Net Assets 2020: $138,2822020Assets 2021: $110,375Net Assets 2021: $110,3752021Assets 2022: $224,253Net Assets 2022: $224,2532022Assets 2023: $309,060Net Assets 2023: $309,0602023Assets 2024: $296,331Net Assets 2024: $296,3312024Assets 2025: $277,902Net Assets 2025: $277,9022025

Highlighted filing

2016

Assets$154,463
Liabilities$0
Net Assets$154,463
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2015: $47,196Expenses 2015: $29,876Net Income 2015: $17,3202015Revenue 2016: $90,110Expenses 2016: $103,035Net Income 2016: -$12,9252016Revenue 2017: $74,689Expenses 2017: $63,378Net Income 2017: $11,3112017Revenue 2018: $39,789Expenses 2018: $36,499Net Income 2018: $3,2902018Revenue 2019: $41,325Expenses 2019: $43,964Net Income 2019: -$2,6392019Revenue 2020: $20,674Expenses 2020: $48,817Net Income 2020: -$28,1432020Revenue 2021: $129,770Expenses 2021: $47,863Net Income 2021: $81,9072021Revenue 2022: $170,940Expenses 2022: $79,399Net Income 2022: $91,5412022Revenue 2023: $161,636Expenses 2023: $76,829Net Income 2023: $84,8072023Revenue 2024: $75,863Expenses 2024: $88,592Net Income 2024: -$12,7292024Revenue 2025: $76,514Expenses 2025: $94,943Net Income 2025: -$18,4292025

Highlighted filing

2016

Revenue$90,110
Expenses$103,035
Net Income-$12,925
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 12, 2017
Return Version
2015v3.0
Gross Receipts
$101,323
Mission and Program Overview

Mission

To maintain a library, reading room, function room and a place for social meetings supporting the community. And to promote the well being, comfort and pleasure of the residents of gloucester.

To maintain a library and function hall

Program Services

DescriptionGrantsExpenses
TO MAINTAIN A LIBRARY READING ROOM FUNCTION ROOM AND A PLACE FOR SOCIAL MEETINGS AND PROMOTING THE INSTRUCTION WELL BEING COMFORT AND PLEASURE OF RESIDENTS OF MAGNOLIA--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUG SHATFORDPresidentPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Show$11,061$11,061$5,243$5,818
Taste of Mag$9,211$9,211$5,970$3,241
Total Events$20,272$20,272$11,213$9,059
Filing and Contact Details

Filer

Filer Name
Magnolia Library Center Inc
EIN
23-7089725
Address
1 LEXINGTON AVE, GLOUCESTER, MA 01930

Signing Officer

Name
Doug Shatford
Title
President
Signed
2017-02-12
Discuss with paid preparer
Yes

Preparer

Firm
Timothy S Nolan CPA
Address
24 SAYWARD ST, Gloucester, MA 01930
Preparer
Timothy S Nolan
Phone
9782901251
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountrental income 13,489”

Description of other expenses Part I line 16

“Description amountbuilding and maintenance 9,296bank fees 89insurance 5,431miscellaneous 170office supplies 1,478postage 182supplies 407fire supression system 75,176”

Description of other assets Part II line 24

“Category beginning of year end of yearbooks and paintings 34,514 34,514other fixed assets 2,434 2,434other assets 1,101 1,101”

Raw XML Appendix164 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/USAddress/CityNm0GLOUCESTER
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IRS990EZ/OtherExpensesTotalAmt092229
IRS990EZ/OtherRevenueTotalAmt013489
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO MAINTAIN A LIBRARY AND FUNCTION HALL
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO MAINTAIN A LIBRARY READING ROOM FUNCTION ROOM AND A PLACE FOR SOCIAL MEETINGS AND PROMOTING THE INSTRUCTION WELL BEING COMFORT AND PLEASURE OF RESIDENTS OF MAGNOLIA
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt011213
IRS990EZ/SpecialEventsNetIncomeLossAmt09059
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0103035
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt090110
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MAGNOLIALIBRARY.ORG
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt019213
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010048
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0112406
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0350
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt038569
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt042012
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02671
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99160
IRS990ScheduleA/PublicSupportPY509Pct00.99000
IRS990ScheduleA/PublicSupportTotal509Amt0316192
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0101323
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt056380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt055887
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt048617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt053985
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0318863
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TASTE OF MAG
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ART SHOW
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTRENTAL INCOME 13,489
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTBUILDING AND MAINTENANCE 9,296BANK FEES 89INSURANCE 5,431MISCELLANEOUS 170OFFICE SUPPLIES 1,478POSTAGE 182SUPPLIES 407FIRE SUPRESSION SYSTEM 75,176
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARBOOKS AND PAINTINGS 34,514 34,514OTHER FIXED ASSETS 2,434 2,434OTHER ASSETS 1,101 1,101
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG SHATFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA LIBRARY CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0237089725
ReturnHeader/Filer/USAddress/AddressLine1Txt01 LEXINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0GLOUCESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001930
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201631524
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIMOTHY S NOLAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt024 SAYWARD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gloucester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001930
ReturnHeader/PreparerPersonGrp/PhoneNum09782901251
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY S NOLAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-12T20:00:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,463
Liabilities
$0
Net assets
$154,463
Revenue
$90,110
Expenses
$103,035
Net income
-$12,925
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.78$2.78$0.77$0.95$0.18
2024Detailed filing. Detailed filing data is available for this year.$2.96$2.96$0.76$0.89$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.09$3.09$1.62$0.77$0.85
2022Detailed filing. Detailed filing data is available for this year.$2.24$2.24$1.71$0.79$0.92
2021Detailed filing. Detailed filing data is available for this year.$1.10$1.10$1.30$0.48$0.82
2020Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.21$0.49$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.41$0.44$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.40$0.36$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.75$0.63$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.90$1.03$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.47$0.30$0.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits