Civic Intelligence

Mg Financial Counselinginc

EIN 27-3655685 • 501(c)3 • Torrance, CA

Profile

Mg financial counseling is non-profit organization founded to help individuals in financial difficulty. The organization provides credit and budget counseling required before filing bunruptcy.

2548 W 235th StTorrance, CA 90505

www.mgfc.us

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

88th percentile

$8,300

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 38.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

99th percentile

2103%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-60%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$3,128

Up $2,986 (+2103%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$3,128

Up $2,986 (+2103%) from 2013

Operations
Liabilities / RevenueScore unavailableNet Margin68th percentile

Revenue

Down

$21,642

Down $32,282 (-60%) from 2013

Expenses

Down

$18,655

Down $44,074 (-70%) from 2013

Net Income

Up

$2,987

Up $11,792 (+134%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$10K$5.0K$0Assets 2012: $8,947Net Assets 2012: $8,9472012Assets 2013: $142Net Assets 2013: $1422013Assets 2014: $3,128Net Assets 2014: $3,1282014

Highlighted filing

2014

Assets$3,128
Liabilities-
Net Assets$3,128
Open 2014 Filing

Operations Trend

Revenue Growth14th percentile

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

$100K$50K$0-$50KRevenue 2012: $87,957Expenses 2012: $82,097Net Income 2012: $5,8602012Revenue 2013: $53,924Expenses 2013: $62,729Net Income 2013: -$8,8052013Revenue 2014: $21,642Expenses 2014: $18,655Net Income 2014: $2,9872014

Highlighted filing

2014

Revenue$21,642
Expenses$18,655
Net Income$2,987
Open 2014 Filing

Filings

Most recent year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,128
Liabilities
-
Net assets
$3,128
Revenue
$21,642
Expenses
$18,655
Net income
$2,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$3.13$3.13$21.6$18.7$2.99
2013Detailed filing. Detailed filing data is available for this year.$0.14$0.14$53.9$62.7$8.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$8.95$88.0$82.1$5.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$21,642
Mission and Program Overview

Mission

Mg financial counseling is non-profit organization founded to help individuals in financial difficulty. The organization provides credit and budget counseling required before filing bunruptcy.

Program Services

DescriptionGrantsExpenses
MG FINANCIAL COUNSELING IS A NON-PROFIT ORGANIZATION FOUNDED TO HELP INDIVIDUALS IN FINANCIAL DIFFICULTY. THE ORGANIZATION PROVIDES CREDIT AND BUDGET COUNSELING REQUIRED BEFORE FILING BUNKRUPTCY.-$13,161
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MANUEL BEGAZOPresidentPT$8,300-$8,300
MAURICIO VIGILOfficer-$0--
ALEJANDRA CASTROOfficer-$0--
EDUARDO BENAVIDESOfficer-$0--
ANGELA TORRES VALDIVIEZOOfficer-$0--
GALA HUGUETSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Mg Financial Counselinginc
EIN
27-3655685
Phone
8003066432
Address
2548 W 235TH ST, TORRANCE, CA 90505

Signing Officer

Name
Manuel Begazo
Title
President
Phone
8003066432
Signed
2015-08-17
Discuss with paid preparer
Yes

Preparer

Firm
Two Miles
Address
3070 BRISTOL ST STE 440, COSTA MESA, CA 92626
Preparer
Hiro Isogawa
Phone
7144375823
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising and promotion 1,900 office expenses 1,038 office supplies 1,444 travel 301 total 4,683”

Form 990-ez, Part III

“Mg financial counseling is non-profit organization founded to help individuals in financial difficulty. The organization provides credit and budget counseling required before filing bunruptcy.”

Raw XML Appendix140 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/BusinessName/BusinessNameLine1Txt0MG FINANCIAL SERVICES
IRS990EZ/BooksInCareOfDetail/PhoneNum08003066432
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02548 W 235TH ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TORRANCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090505
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0141
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03128
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02987
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05635
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0141
IRS990EZ/Form990TotalAssetsGrp/EOYAmt03128
IRS990EZ/GrossReceiptsAmt021642
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0141
IRS990EZ/NetAssetsOrFundBalancesEOYAmt03128
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0141
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03128
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt420.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt515.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt48300
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MAURICIO VIGIL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ALEJANDRA CASTRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2EDUARDO BENAVIDES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANGELA TORRES VALDIVIEZO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MANUEL BEGAZO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5GALA HUGUET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04683
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MG FINANCIAL COUNSELING IS NON-PROFIT ORGANIZATION FOUNDED TO HELP INDIVIDUALS IN FINANCIAL DIFFICULTY. THE ORGANIZATION PROVIDES CREDIT AND BUDGET COUNSELING REQUIRED BEFORE FILING BUNRUPTCY.
IRS990EZ/PrintingPublicationsPostageAmt037
IRS990EZ/ProgramServiceRevenueAmt021641
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MG FINANCIAL COUNSELING IS A NON-PROFIT ORGANIZATION FOUNDED TO HELP INDIVIDUALS IN FINANCIAL DIFFICULTY. THE ORGANIZATION PROVIDES CREDIT AND BUDGET COUNSELING REQUIRED BEFORE FILING BUNKRUPTCY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013161
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt08300
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt018655
IRS990EZ/TotalProgramServiceExpensesAmt013161
IRS990EZ/TotalRevenueAmt021642
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MGFC.US
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt019600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt021642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt053924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt068357
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0143923
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0165523
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt021642
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt055924
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt087957
IRS990ScheduleA/Total509Grp/TotalAmt0165523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt021642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt055925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt087959
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0165526
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 1,900 OFFICE EXPENSES 1,038 OFFICE SUPPLIES 1,444 TRAVEL 301 TOTAL 4,683
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MG FINANCIAL COUNSELING IS NON-PROFIT ORGANIZATION FOUNDED TO HELP INDIVIDUALS IN FINANCIAL DIFFICULTY. THE ORGANIZATION PROVIDES CREDIT AND BUDGET COUNSELING REQUIRED BEFORE FILING BUNRUPTCY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MANUEL BEGAZO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08003066432
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MG FINANCIAL COUNSELINGINC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MG FINANCIAL COUNSELING INC
ReturnHeader/Filer/BusinessNameControlTxt0MGFI
ReturnHeader/Filer/EIN0273655685
ReturnHeader/Filer/PhoneNum08003066432
ReturnHeader/Filer/USAddress/AddressLine1Txt02548 W 235TH ST
ReturnHeader/Filer/USAddress/CityNm0TORRANCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090505
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330787367
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TWO MILES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03070 BRISTOL ST STE 440
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COSTA MESA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092626
ReturnHeader/PreparerPersonGrp/PhoneNum07144375823
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HIRO ISOGAWA
ReturnHeader/ReturnTs02015-08-28T02:15:16-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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