Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Magnolia Community Foundation Inc
EIN 26-4414381 • 501(c)3 • Magnolia, TX
Profile
Assist in community development and education
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Down$22,054
Down $2,884 (-12%) from 2016
Liabilities
$22,054
No earlier filing loaded for comparison.
Net Assets
Down$0
Down $24,938 (-100%) from 2016
Revenue
Up$103,356
Up $8,520 (+9.0%) from 2016
Expenses
Down$106,240
Down $83,098 (-44%) from 2016
Net Income
Up-$2,884
Up $91,618 (+97%) from 2016
Trend Graphs
Filings
Most recent year
2017 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $22,054
- Liabilities
- $22,054
- Net assets
- $0
- Revenue
- $103,356
- Expenses
- $106,240
- Net income
- -$2,884
Latest Detailed Filing
The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Apr 27, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $76,851
Mission and Program Overview
Mission
Assist in community development and education
Assist in community development and education through hosting of events to draw tourism to the community and to facilitate fundraising events to support community development.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOST LOCAL COMMUNITY EVENTS TO DRAW TOURISM TO MAGNOLIA, TX | - | $14,743 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DEBORAH ROSE MILLER | President | PT | $0 | - | - |
| DOMINGO IBARRA | Vice President | PT | $0 | - | - |
| DONA HUNT | Treasurer | PT | $0 | - | - |
| CAROLY BURTON | Director | PT | $0 | - | - |
| CHARLIE RILEY | Director | PT | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Sale of Ren. Fest Tickets | $54,958 | $54,958 | $46,204 | $8,754 |
| Total Events | $54,958 | $54,958 | $46,204 | $8,754 |
Filing and Contact Details
Filer
- Filer Name
- Magnolia Community Foundation Inc
- EIN
- 26-4414381
- Phone
- 2813800332
- Address
- PO Box 795, Magnolia, TX 77353
Signing Officer
- Name
- Deborah R Miller
- Title
- President
- Phone
- 2813800332
- Signed
- 2015-04-27
Preparer
- Firm
- Gina B Clark CPA
- Address
- 503 Commerce St, Magnolia, TX 77355
- Preparer
- Gina B Clark CPA
- Phone
- 2812591040
Supplemental Narrative
Additional Explanations
Pt VI, Line 8A
“The Board of Directors keeps minutes for each of their meetings. The minutes document decisions made by the Board.”
Pt VI, Line 8B
“The Minutes of the Board of Directors meetings document all decisions made by the Board including authority given to individual committees and the decisions made by the committees.”
Pt VI, Line 11B
“This return is reviewed by the President of the Board of Directors before it is submitted to the Internal Revenue Service.”
Form 990EZ, Part I, Line 16
“Bank fees 67. Business expenses 74. Summerfest - other 3818. Accounting 350. Other expenses 355. Storage 420. Memberships & dues 175. Miss magnolia expenses 9437. Office expense 167.”
Form 990EZ, Part II, Line 26
“Accounts payable accounts payable and accrued expenses 175. 0.”
Form 990, Part IX, Line 24F
“Bank fees 67. Business expenses 74. Summerfest - other 3818. Accounting 350. Other expenses 355. Storage 420. Memberships & dues 175. Miss magnolia expenses 9437. Office expense 167.”
Raw XML Appendix171 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DEBORAH MILLER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2813800332 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1019 Towering Oaks Dr |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Magnolia |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 77355 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 22123 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 36244 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 8886 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 14296 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 22123 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 36244 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 67965 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 76851 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 21948 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 36244 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 21948 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 36244 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 8.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DEBORAH ROSE MILLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DOMINGO IBARRA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DONA HUNT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | CAROLY BURTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | CHARLIE RILEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14863 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Assist in community development and education through hosting of events to draw tourism to the community and to facilitate fundraising events to support community development. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1488 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOST LOCAL COMMUNITY EVENTS TO DRAW TOURISM TO MAGNOLIA, TX |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 14743 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 46204 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 21761 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 175 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 16351 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 14743 |
| IRS990EZ/TotalRevenueAmt | 0 | 30647 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 8784 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9243 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 315056 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 147344 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 37850 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 518277 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 67965 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 47068 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 14943 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 48596 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 178572 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.69860 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 486849 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 85000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 125000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 210000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 85000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt | 0 | 125000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 210000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 76749 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 56311 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 329999 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 147344 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 86446 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 696849 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 696849 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 46204 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | Sale of Ren. Fest Tickets |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 54958 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 54958 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 54958 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 54958 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 8754 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 46204 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 46204 |
| IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt | 0 | Gina B Clark CPA |
| IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt | 0 | 25571 Magnolia Pines Dr |
| IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm | 0 | Magnolia |
| IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd | 0 | TX |
| IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd | 0 | 77355 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Board of Directors keeps minutes for each of their meetings. The minutes document decisions made by the Board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Minutes of the Board of Directors meetings document all decisions made by the Board including authority given to individual committees and the decisions made by the committees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | This return is reviewed by the President of the Board of Directors before it is submitted to the Internal Revenue Service. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BANK FEES 67. BUSINESS EXPENSES 74. SUMMERFEST - OTHER 3818. ACCOUNTING 350. OTHER EXPENSES 355. STORAGE 420. MEMBERSHIPS & DUES 175. MISS MAGNOLIA EXPENSES 9437. OFFICE EXPENSE 167. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS PAYABLE ACCOUNTS PAYABLE AND ACCRUED EXPENSES 175. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BANK FEES 67. BUSINESS EXPENSES 74. SUMMERFEST - OTHER 3818. ACCOUNTING 350. OTHER EXPENSES 355. STORAGE 420. MEMBERSHIPS & DUES 175. MISS MAGNOLIA EXPENSES 9437. OFFICE EXPENSE 167. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 8a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, Line 24f |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DEBORAH R MILLER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2813800332 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-04-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MAGNOLIA COMMUNITY FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MAGN |
| ReturnHeader/Filer/EIN | 0 | 264414381 |
| ReturnHeader/Filer/PhoneNum | 0 | 2813800332 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 795 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Magnolia |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 77353 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GINA B CLARK CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 503 Commerce St |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Magnolia |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 77355 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2812591040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GINA B CLARK CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2015-05-13T10:46:43-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.