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 Jan 21, 2022

PO Box 559Stokesdale, NC 27357

(336) 427-3900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

89th percentile

52%

Higher net margin than 89% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

Up

$101,601

Up $54,109 (+114%) from 2015

Net Assets

Up

$96,648

Up $50,856 (+111%) from 2015

Liabilities

Up

$4,953

Up $3,253 (+191%) from 2015

Revenue

Up

$197,378

Up $45,918 (+30%) from 2015

Expenses

Down

$94,557

Down $28,183 (-23%) from 2015

Net Income

Up

$102,821

Up $74,101 (+258%) from 2015

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 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

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 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
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jan 21, 2022
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 FARMING PROGRAMS TAILORED FOR THE 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 Homestead 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
2022-01-21

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, Page 1, Item B

Corrected program service revenue breakdown and statement. Total gross receipts did not change.

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 Appendix170 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/AmendedReturnInd0X
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/ContributionsGiftsGrantsEtcAmt0193854
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/ProgramServiceRevenueAmt03524
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 FARMING PROGRAMS TAILORED FOR THE 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/CurrentTaxYearAmt0193854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0646953
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0193854
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0646953
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03524
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03524
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03524
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03524
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99460
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0646953
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/CurrentTaxYearAmt0193854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0144884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171576
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0646953
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/ExplanationTxt0CORRECTED PROGRAM SERVICE REVENUE BREAKDOWN AND STATEMENT. TOTAL GROSS RECEIPTS DID NOT CHANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 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/ExplanationTxt2PRIOR PERIOD ADJUSTMENT TO CASH -15,975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSTRUCTION IN PROGRESS 0 7,195 TOTAL 0 7,195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOAN FROM THE CAUSE ART FDN 6,733 4,953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN-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/ExplanationTxt6OTHER EDUCATIONAL EXPERIENCES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/SignatureDt02022-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNALIA HOMESTEAD 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/PreparationDt02022-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF M MCLAURIN
ReturnHeader/ReturnTs02022-02-07T10:34:01-06:00
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