Civic Intelligence

Magnolia Library Center Inc.

990EZ • Fiscal year 2020 • EIN 23-7089725

Sep 01, 2019 to Aug 31, 2020 • Filed on Oct 11, 2020

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

6th percentile

-136%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

21st percentile

-17%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-50%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$138,282

Down $28,143 (-17%) from 2019

Net Assets

Down

$138,282

Down $28,143 (-17%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin6th percentile

Revenue

Down

$20,674

Down $20,651 (-50%) from 2019

Expenses

Up

$48,817

Up $4,853 (+11%) from 2019

Net Income

Down

-$28,143

Down $25,504 (-966%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2020

Assets$138,282
Liabilities$0
Net Assets$138,282
Open 2020 Filing

Operations Trend

Revenue Growth22nd 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

2020

Revenue$20,674
Expenses$48,817
Net Income-$28,143
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Oct 11, 2020
Return Version
2019v5.1
Gross Receipts
$23,339
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
CHRIS BOUCHERPresident-$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
Alana Horn
Title
President
Phone
9785253100
Signed
2020-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Timothy S Nolan CPA
Address
27 GLOUCESTER AVE, GLOUCESTER, MA 01930
Preparer
Timothy S Nolan
Phone
9782901251
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountbuilding and maintenance 27,654taxes 35insurance 7,377miscellaneous 948office supplies 198dues and permits 573advertising and website 3,648”

Description of other assets Part II line 24

“Category beginning of year end of yearbooks and paintings 34,514 35,783other fixed assets 2,434 0other assets 1,101 0”

Raw XML Appendix147 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/PersonNm0ROBERTA LEMAY
IRS990EZ/BooksInCareOfDetail/PhoneNum09785253343
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE LEXINGTON AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GLOUCESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001930
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt079182
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt053316
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt07677
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-28143
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0166425
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0138282
IRS990EZ/FundraisingGrossIncomeAmt013002
IRS990EZ/GrossReceiptsAmt023339
IRS990EZ/GroupExemptionNum00501
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0165
IRS990EZ/LandAndBuildingsGrp/BOYAmt049194
IRS990EZ/LandAndBuildingsGrp/EOYAmt049183
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt02495
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0166425
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0138282
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0166425
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0138282
IRS990EZ/OccupancyRentUtltsAndMaintAmt08384
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHRIS BOUCHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt038049
IRS990EZ/OtherAssetsTotalDetail/EOYAmt035783
IRS990EZ/OtherExpensesTotalAmt040433
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/SpecialEventsDirectExpensesAmt02665
IRS990EZ/SpecialEventsNetIncomeLossAmt010337
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt048817
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt020674
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MAGNOLIALIBRARY.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt029968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt060195
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0206388
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012910
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt013309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt029130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt097873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0170
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt0304261
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt022396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt047940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt043277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt089325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0101323
IRS990ScheduleA/Total509Grp/TotalAmt0304261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt022396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt047940
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt043277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt089397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0101421
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0304431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBUILDING AND MAINTENANCE 27,654TAXES 35INSURANCE 7,377MISCELLANEOUS 948OFFICE SUPPLIES 198DUES AND PERMITS 573ADVERTISING AND WEBSITE 3,648
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARBOOKS AND PAINTINGS 34,514 35,783OTHER FIXED ASSETS 2,434 0OTHER ASSETS 1,101 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALANA HORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09785253100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-11
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/AtSubmissionCreationDeviceId0D85292DD1E63E5817A3E9450A29C99946C0FD663
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId00456422020287ogqbx1c
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-10-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.38.180.126
ReturnHeader/FilingSecurityInformation/IPDt02020-10-13
ReturnHeader/FilingSecurityInformation/IPTm018:57:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201631524
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIMOTHY S NOLAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027 GLOUCESTER AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLOUCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001930
ReturnHeader/PreparerPersonGrp/PhoneNum09782901251
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY S NOLAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-10-11T14:01:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,282
Liabilities
$0
Net assets
$138,282
Revenue
$20,674
Expenses
$48,817
Net income
-$28,143
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