Civic Intelligence

Magnalia Homestead Foundation James P Van Eerden

990EZ • Fiscal year 2020 • EIN 27-4002746

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 26, 2021

Organization ProfileWWW.FREETHINKU.COM
PO Box 559Stokesdale, NC 27357

(336) 427-3900

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$101,601

Flat from 2020

Net Assets

Flat

$96,648

Flat from 2020

Liabilities

Flat

$4,953

Flat from 2020

Revenue And Expenses

Revenue

Flat

$197,378

Flat from 2020

Expenses

Flat

$94,557

Flat from 2020

Net Income

Flat

$102,821

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $6,648Liabilities 2012: $0Net Assets 2012: $6,6482012Assets 2013: $18,849Liabilities 2013: $0Net Assets 2013: $18,8492013Assets 2014: $18,072Liabilities 2014: $1,000Net Assets 2014: $17,0722014Assets 2015: $47,492Liabilities 2015: $1,700Net Assets 2015: $45,7922015Assets 2020: $101,601Liabilities 2020: $4,953Net Assets 2020: $96,6482020Assets 2020: $101,601Liabilities 2020: $4,953Net Assets 2020: $96,6482020Assets 2021: $133,934Liabilities 2021: $10,000Net Assets 2021: $123,9342021Assets 2022: $148,389Liabilities 2022: $10,000Net Assets 2022: $138,3892022Assets 2023: $249,285Liabilities 2023: $0Net Assets 2023: $249,2852023

Highlighted filing

2020

Assets$101,601
Liabilities$4,953
Net Assets$96,648
Open 2020 Filing

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $137,550Expenses 2012: $130,902Net Income 2012: $6,6482012Revenue 2013: $119,923Expenses 2013: $107,722Net Income 2013: $12,2012013Revenue 2014: $70,900Expenses 2014: $72,677Net Income 2014: -$1,7772014Revenue 2015: $151,460Expenses 2015: $122,740Net Income 2015: $28,7202015Revenue 2020: $197,378Expenses 2020: $94,557Net Income 2020: $102,8212020Revenue 2020: $197,378Expenses 2020: $94,557Net Income 2020: $102,8212020Revenue 2021: $174,601Expenses 2021: $148,270Net Income 2021: $26,3312021Revenue 2022: $302,648Expenses 2022: $288,193Net Income 2022: $14,4552022Revenue 2023: $473,450Expenses 2023: $392,554Net Income 2023: $80,8962023

Highlighted filing

2020

Revenue$197,378
Expenses$94,557
Net Income$102,821
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 26, 2021
Return Version
2020v4.0
Gross Receipts
$197,378
Mission and Program Overview

Mission

EDUCATION

Program Services

DescriptionGrantsExpenses
ONLINE EDUCATIONAL PROGRAMMING, CONNECTED WITH LIFELONG LEARNING AND COLLEGE SCHOLARSHIPS, WITH A REACH SINCE OUR FOUNDING OF MORE THAN 100,000 STUDENTS-$28,364
IN-PERSON LEADERSHIP DEVELOPMENT PROGRAMMING, INCLUDING EDUCATIONAL ROUNDTABLES, LIFE-ON-LIFE PROGRAMS, PROJECTS AND SPECIAL EVENTS, AND RELATED PRINT AND ONLINE PUBLICATIONS THAT HAVE PREPARED HUNDREDS OF PARTICIPANTS TO EXCEL IN CIVIC SERVICE.-$28,364
DEVELOPMENT OF AGRI-THERAPY FACILITIES AND PROGRAMMING FOR SPECIAL NEEDS COMMUNITY, PROVIDING OUTREACH AND ENGAGEMENT FOR PEOPLE THROUGH CENTRAL NORTH CAROLINA.-$28,364
OTHER EDUCATIONAL EXPERIENCES-$9,455
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES P VAN EERDENDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Magnalia Foundation
EIN
27-4002746
Phone
3364273900
Address
PO BOX 559, STOKESDALE, NC 27357

Signing Officer

Name
James P Van Eerden
Title
Director
Phone
3364273900
Signed
2021-07-26

Preparer

Firm
Scott Cornelius CPA Pc
Address
211 W LEXINGTON AVE STE 106, HIGH POINT, NC 27262
Preparer
Jeff M Mclaurin
Phone
3368855100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising & promotion 950 video production 950 telephone 81 utilities 1,520 office expense 2,601 office supplies 2,316 web service fees 11,354 hosting/url/webmail 2,232 computer expense 437 travel 11,751 insurance 2,890 donations 15,023 internships 10,870 scholarships 1,500 taxes & licenses 250 bank & credit card fees 786 ambassador programs 419 hospitatlity 914 miscellaneous 45 building/venue expense 12,623 total 79,512”

Form 990-ez, Part I, Line 20

“Prior period adjustment to cash -15,975”

Form 990-ez, Part II, Line 24

“Construction in progress 0 7,195 total 0 7,195”

Form 990-ez, Part II, Line 26

“Loan from the cause art fdn 6,733 4,953”

Form 990-ez, Part III, Line 29

“In-person leadership development programming, including educational roundtables, life-on-life programs, projects and special events, and related print and online publications that have prepared hundreds of participants to excel in civic service.”

Form 990-ez, Part III, Line 31

“Other educational experiences”

Raw XML Appendix162 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0JAMES P VAN EERDEN
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JAMES P VAN EERDEN
IRS990EZ/BooksInCareOfDetail/PhoneNum03364273900
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0528 LINDLEY RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027410
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt016535
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04406
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0197378
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0102821
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012019
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016535
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0101601
IRS990EZ/GrossReceiptsAmt0197378
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/EOYAmt090000
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09802
IRS990EZ/NetAssetsOrFundBalancesEOYAmt096648
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09802
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt096648
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES P VAN EERDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07195
IRS990EZ/OtherChangesInNetAssetsAmt0-15975
IRS990EZ/OtherExpensesTotalAmt079512
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt03026
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ONLINE EDUCATIONAL PROGRAMMING, CONNECTED WITH LIFELONG LEARNING AND COLLEGE SCHOLARSHIPS, WITH A REACH SINCE OUR FOUNDING OF MORE THAN 100,000 STUDENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1IN-PERSON LEADERSHIP DEVELOPMENT PROGRAMMING, INCLUDING EDUCATIONAL ROUNDTABLES, LIFE-ON-LIFE PROGRAMS, PROJECTS AND SPECIAL EVENTS, AND RELATED PRINT AND ONLINE PUBLICATIONS THAT HAVE PREPARED HUNDREDS OF PARTICIPANTS TO EXCEL IN CIVIC SERVICE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2DEVELOPMENT OF AGRI-THERAPY FACILITIES AND PROGRAMMING FOR SPECIAL NEEDS COMMUNITY, PROVIDING OUTREACH AND ENGAGEMENT FOR PEOPLE THROUGH CENTRAL NORTH CAROLINA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3OTHER EDUCATIONAL EXPERIENCES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt028364
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt128364
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt228364
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt39455
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06733
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt04953
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt094557
IRS990EZ/TotalProgramServiceExpensesAmt094547
IRS990EZ/TotalRevenueAmt0197378
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FREETHINKU.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0197378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0650477
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0197378
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0650477
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0650477
IRS990ScheduleA/PublicSupportTotal509Amt0650477
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0197378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/Total509Grp/TotalAmt0650477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0197378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0650477
IRS990ScheduleA/TotalSupportAmt0650477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0197378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0650477
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & PROMOTION 950 VIDEO PRODUCTION 950 TELEPHONE 81 UTILITIES 1,520 OFFICE EXPENSE 2,601 OFFICE SUPPLIES 2,316 WEB SERVICE FEES 11,354 HOSTING/URL/WEBMAIL 2,232 COMPUTER EXPENSE 437 TRAVEL 11,751 INSURANCE 2,890 DONATIONS 15,023 INTERNSHIPS 10,870 SCHOLARSHIPS 1,500 TAXES & LICENSES 250 BANK & CREDIT CARD FEES 786 AMBASSADOR PROGRAMS 419 HOSPITATLITY 914 MISCELLANEOUS 45 BUILDING/VENUE EXPENSE 12,623 TOTAL 79,512
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR PERIOD ADJUSTMENT TO CASH -15,975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSTRUCTION IN PROGRESS 0 7,195 TOTAL 0 7,195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOAN FROM THE CAUSE ART FDN 6,733 4,953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN-PERSON LEADERSHIP DEVELOPMENT PROGRAMMING, INCLUDING EDUCATIONAL ROUNDTABLES, LIFE-ON-LIFE PROGRAMS, PROJECTS AND SPECIAL EVENTS, AND RELATED PRINT AND ONLINE PUBLICATIONS THAT HAVE PREPARED HUNDREDS OF PARTICIPANTS TO EXCEL IN CIVIC SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER EDUCATIONAL EXPERIENCES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES P VAN EERDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03364273900
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNALIA FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0JAMES P VAN EERDEN
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0274002746
ReturnHeader/Filer/PhoneNum03364273900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 559
ReturnHeader/Filer/USAddress/CityNm0STOKESDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027357
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823116843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT CORNELIUS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0211 W LEXINGTON AVE STE 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIGH POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027262
ReturnHeader/PreparerPersonGrp/PhoneNum03368855100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF M MCLAURIN
ReturnHeader/ReturnTs02021-11-15T08:26:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES P
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VAN EERDEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$101,601
Liabilities
$4,953
Net assets
$96,648
Revenue
$197,378
Expenses
$94,557
Net income
$102,821
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$4.73$3.93$0.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.10$1.38$3.03$2.88$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.10$1.24$1.75$1.48$0.26
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.05$0.97$1.97$0.95$1.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.05$0.97$1.97$0.95$1.03
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.46$1.51$1.23$0.29
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.01$0.17$0.71$0.73$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$1.20$1.08$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$1.38$1.31$0.07