Civic Intelligence

Magnolia Library Center Inc.

990EZ • Fiscal year 2018 • EIN 23-7089725

Sep 01, 2017 to Aug 31, 2018 • Filed on Dec 12, 2018

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

60th percentile

8.3%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

51st percentile

2.0%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-47%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$169,064

Up $3,290 (+2.0%) from 2017

Net Assets

Up

$169,064

Up $3,290 (+2.0%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin60th percentile

Revenue

Down

$39,789

Down $34,900 (-47%) from 2017

Expenses

Down

$36,499

Down $26,879 (-42%) from 2017

Net Income

Down

$3,290

Down $8,021 (-71%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2018

Assets$169,064
Liabilities$0
Net Assets$169,064
Open 2018 Filing

Operations Trend

Revenue Growth11th 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

2018

Revenue$39,789
Expenses$36,499
Net Income$3,290
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Dec 12, 2018
Return Version
2017v2.2
Gross Receipts
$43,460
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 Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DONA KECYKPresident-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Donna Kecyk
Title
President
Signed
2018-12-12
Discuss with paid preparer
No

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 13,309”

Description of other expenses Part I line 16

“Description amountbuilding and maintenance 19,475bank fees 166insurance 3,312miscellaneous 91office supplies 3,626dues and permits 180advertising and website 717”

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 Appendix150 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DONNA KECYK
IRS990EZ/BooksInCareOfDetail/PhoneNum09785253343
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE LEXINGTON AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GLOUCESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001930
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt078531
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt081821
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IRS990EZ/ContributionsGiftsGrantsEtcAmt013062
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03290
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0165774
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0169064
IRS990EZ/FundraisingGrossIncomeAmt011884
IRS990EZ/GrossReceiptsAmt043460
IRS990EZ/GroupExemptionNum00501
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0182
IRS990EZ/LandAndBuildingsGrp/BOYAmt049194
IRS990EZ/LandAndBuildingsGrp/EOYAmt049194
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt05023
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0165774
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0169064
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0165774
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0169064
IRS990EZ/OccupancyRentUtltsAndMaintAmt08932
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DONA KECYK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt038049
IRS990EZ/OtherAssetsTotalDetail/EOYAmt038049
IRS990EZ/OtherExpensesTotalAmt027567
IRS990EZ/OtherRevenueTotalAmt013309
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt03671
IRS990EZ/SpecialEventsNetIncomeLossAmt08213
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt036499
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt039789
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MAGNOLIALIBRARY.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt029968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt060195
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt060936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt019213
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0180548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt013309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt029130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt040387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt046144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt036674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0165644
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0611
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99210
IRS990ScheduleA/PublicSupportTotal509Amt0346192
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt043277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt089325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101323
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt056380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt055887
IRS990ScheduleA/Total509Grp/TotalAmt0346192
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt043277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt089397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0101421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt056471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt056237
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0346803
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTRENTAL INCOME 13,309
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTBUILDING AND MAINTENANCE 19,475BANK FEES 166INSURANCE 3,312MISCELLANEOUS 91OFFICE SUPPLIES 3,626DUES AND PERMITS 180ADVERTISING AND WEBSITE 717
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA KECYK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-12
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/FilingSecurityInformation/AtSubmissionCreationDeviceId024EFC17A46D2888011E58080ED908A8998C0BC56
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId00456422018350caojlxg
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-12-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.69.140.207
ReturnHeader/FilingSecurityInformation/IPDt02018-12-16
ReturnHeader/FilingSecurityInformation/IPTm020:29:17
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/PreparationDt02018-12-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY S NOLAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-12-02T14:47:55-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$169,064
Liabilities
$0
Net assets
$169,064
Revenue
$39,789
Expenses
$36,499
Net income
$3,290
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