Civic Intelligence

Magnalia Homestead Foundation James P Van Eerden

990 • Fiscal year 2022 • EIN 27-4002746

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.MAGNALIA.ORG
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

77th percentile

0.07x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

50th percentile

4.8%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

73%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$148,389

Up $14,455 (+11%) from 2021

Net Assets

Up

$138,389

Up $14,455 (+12%) from 2021

Liabilities

Flat

$10,000

Flat from 2021

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin50th percentile

Revenue

Up

$302,648

Up $128,047 (+73%) from 2021

Expenses

Up

$288,193

Up $139,923 (+94%) from 2021

Net Income

Down

$14,455

Down $11,876 (-45%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

2022

Assets$148,389
Liabilities$10,000
Net Assets$138,389
Open 2022 Filing

Operations Trend

Revenue Growth79th percentile

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

2022

Revenue$302,648
Expenses$288,193
Net Income$14,455
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$302,648
Mission and Program Overview

Mission

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$113,551$113,551→ $0
Cash and Non-Interest-Bearing Accounts$13,188$27,613▲ $14,425
Accounts Receivable-$30-
Total Assets$133,934$148,389▲ $14,455
Other Assets Total$7,195$7,195→ $0
Liabilities
Other Liabilities$10,000$10,000→ $0
Total Liabilities$10,000$10,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$123,934$138,389▲ $14,455
Total Net Assets Fund Balance$123,934$138,389▲ $14,455
Total Liabilities and Net Assets / Fund Balance$133,934$148,389▲ $14,455

Asset Categories

AssetBook ValueDepreciationBasis
Land$113,551-$113,551
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Ben McindoeDirector
James P Van EerdenDirector
Rachel Van EerdenDirector
Rebekah WolfeDirector
Ryan CrawfordDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$253,021
Program Service Revenue
$49,627
Investment Income
$0
Other Revenue
$0
All Other Contributions
$253,021
Change in Net Assets
$14,455

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Residential1$170,000
Total Noncash Contributions1$170,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,045
Grants and Similar Amounts Paid$23,148
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$93,118--$93,118
Travel$42,544--$42,544
Office Expenses$212$36,451-$36,663
Grants to Domestic Orgs$23,148--$23,148
All Other Expenses$9,491--$9,491
Insurance$5,411--$5,411
Other Expenses$5,047--$5,047
Fees for Services Legal$2,039--$2,039
Information Technology$1,658--$1,658
Advertising$1,400--$1,400
Total Functional Expenses$251,742$36,451$0$288,193
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Christ Covenant ChurchGreensboro, NC--$16,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Helixx$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

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
2023-11-15

Organization Details

Principal Officer
James P Van Eerden
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

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

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Other educational experiences”

Form 990, Part IX, Line 11G

“Misc subcontractors 49,106 0 0 professional service fees 32,250 0 0 land donation expenses 11,762 0 0 total 93,118 0 0”

Raw XML Appendix356 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.

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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0133934
IRS990/TotalAssetsEOYAmt0148389
IRS990/TotalAssetsGrp/BOYAmt0133934
IRS990/TotalAssetsGrp/EOYAmt0148389
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0253021
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251742
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010000
IRS990/TotalLiabilitiesEOYAmt010000
IRS990/TotalLiabilitiesGrp/BOYAmt010000
IRS990/TotalLiabilitiesGrp/EOYAmt010000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123934
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0138389
IRS990/TotalOtherProgSrvcExpenseAmt0228594
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt02127
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02127
IRS990/TotalProgramServiceExpensesAmt0251742
IRS990/TotalProgramServiceRevenueAmt049627
IRS990/TotalRevenueGrp/ExclusionAmt049627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302648
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0133934
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0148389
IRS990/TravelGrp/ProgramServicesAmt042544
IRS990/TravelGrp/TotalAmt042544
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MAGNALIA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES P VAN EERDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03364273900
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF M MCLAURIN CPA
ReturnHeader/ReturnTs02023-11-14T18:02:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES P
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VANEERDEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$148,389
Liabilities
$10,000
Net assets
$138,389
Revenue
$302,648
Expenses
$288,193
Net income
$14,455
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
2022Detailed filing. Detailed filing data is available for this year.$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
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