Civic Intelligence

Magnolia Charitable Foundation Selig K Solomon

990PF • Fiscal year 2016 • EIN 27-6620623

Jan 01, 2016 to Dec 31, 2016 • Filed on May 01, 2017

Organization Profile
7302 137th StreetFlushing, NY 11367-2860

(718) 793-4200

Siviq Scores

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

Liabilities / Assets

87th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2016

Net Margin

82nd percentile

74%

Higher net margin than 82% of similar nonprofits.

2016 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2016 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2016

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

2016 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

169%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$2,529,568

Up $319,418 (+14%) from 2015

Net Assets

Up

$2,529,568

Up $319,418 (+14%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin82nd percentile

Revenue

Up

$429,573

Up $269,853 (+169%) from 2015

Expenses

Up

$110,155

Up $14,826 (+16%) from 2015

Net Income

Up

$319,418

Up $255,027 (+396%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $562,738Liabilities 2011: $0Net Assets 2011: $562,7382011Assets 2012: $1,464,672Liabilities 2012: $0Net Assets 2012: $1,464,6722012Assets 2013: $1,807,044Liabilities 2013: $0Net Assets 2013: $1,807,0442013Assets 2014: $2,145,759Liabilities 2014: $0Net Assets 2014: $2,145,7592014Assets 2015: $2,210,150Liabilities 2015: $0Net Assets 2015: $2,210,1502015Assets 2016: $2,529,568Liabilities 2016: $0Net Assets 2016: $2,529,5682016Assets 2017: $2,999,489Liabilities 2017: $0Net Assets 2017: $2,999,4892017Assets 2018: $3,143,236Liabilities 2018: $0Net Assets 2018: $3,143,2362018Assets 2019: $3,170,928Liabilities 2019: $0Net Assets 2019: $3,170,9282019Assets 2020: $3,111,507Liabilities 2020: $0Net Assets 2020: $3,111,5072020Assets 2021: $3,594,913Liabilities 2021: $0Net Assets 2021: $3,594,9132021Assets 2022: $3,687,261Liabilities 2022: $0Net Assets 2022: $3,687,2612022Assets 2023: $4,022,331Liabilities 2023: $0Net Assets 2023: $4,022,3312023Assets 2024: $4,136,270Liabilities 2024: $0Net Assets 2024: $4,136,2702024

Highlighted filing

2016

Assets$2,529,568
Liabilities$0
Net Assets$2,529,568
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $30,3882011Expenses 2012: $61,9292012Revenue 2013: $415,602Expenses 2013: $73,530Net Income 2013: $342,0722013Revenue 2014: $405,100Expenses 2014: $66,666Net Income 2014: $338,4342014Revenue 2015: $159,720Expenses 2015: $95,329Net Income 2015: $64,3912015Revenue 2016: $429,573Expenses 2016: $110,155Net Income 2016: $319,4182016Revenue 2017: $610,205Expenses 2017: $140,284Net Income 2017: $469,9212017Revenue 2018: $177,616Expenses 2018: $33,869Net Income 2018: $143,7472018Revenue 2019: $320,009Expenses 2019: $292,317Net Income 2019: $27,6922019Revenue 2020: $266,877Expenses 2020: $326,298Net Income 2020: -$59,4212020Revenue 2021: $511,355Expenses 2021: $27,701Net Income 2021: $483,6542021Revenue 2022: $546,044Expenses 2022: $453,696Net Income 2022: $92,3482022Revenue 2023: $393,697Expenses 2023: $58,627Net Income 2023: $335,0702023Revenue 2024: $355,190Expenses 2024: $241,251Net Income 2024: $113,9392024

Highlighted filing

2016

Revenue$429,573
Expenses$110,155
Net Income$319,418
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 1, 2017
Return Version
2016v3.0
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SELIG K SOLOMONTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Magnolia Charitable Foundation
EIN
27-6620623
Phone
7187934200
Address
7302 137TH STREET, FLUSHING, NY 11367-2860

Signing Officer

Name
Selig K Solomon
Title
President
Phone
7187934200
Signed
2017-05-01

Preparer

Firm
Billet Feit & Preis Pc
Address
42 BROADWAY SUITE 1815, NEW YORK, NY 10004
Preparer
Elihu D Baer
Phone
2124253300
Raw XML Appendix339 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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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3MISC QUALIFYING CHAR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0C/O 73-02 137TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1C/O 73-02 137TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2C/O 73-02 137TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt3C/O 73-02 137TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd011367
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd111367
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd211367
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd311367
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0108755
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0109580
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0109584
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt04
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0112
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt04
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0108
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0108
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0109580
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0108
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0112
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt0DAVID Z SOLOMON
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0C/O FOUNDATION 7302 137TH ST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0FLUSHING
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd011367
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0428000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0DAVID Z SOLOMON
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt0138-37 78TH ROAD
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0FLUSHING
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd011367
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt00
TaxesSchedule/TaxesDetail/Amt0250
TaxesSchedule/TaxesDetail/CategoryTxt0NEW YORK STATE DEPT OF LAW
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt0250
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SELIG K SOLOMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187934200
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SELIG K SOLOMON
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0276620623
ReturnHeader/Filer/PhoneNum07187934200
ReturnHeader/Filer/USAddress/AddressLine1Txt07302 137TH STREET
ReturnHeader/Filer/USAddress/CityNm0FLUSHING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0113672860
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C59A891926BE93B9C67E1D9CCB13D2473FE8F58D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C59A891926BE93B9C67E1D9CCB13D2473FE8F58D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.101.14.122
ReturnHeader/FilingSecurityInformation/IPDt02017-05-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:06:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132839033
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BILLET FEIT & PREIS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt042 BROADWAY SUITE 1815
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02124253300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIHU D BAER
ReturnHeader/ReturnTs02017-05-08T14:17:14-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,529,568
Liabilities
$0
Net assets
$2,529,568
Revenue
$429,573
Expenses
$110,155
Net income
$319,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$0.36$0.24$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$0.39$0.06$0.34
2022Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$0.55$0.45$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.51$0.03$0.48
2020Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$0.27$0.33$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.32$0.29$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.18$0.03$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$0.61$0.14$0.47
2016Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.43$0.11$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.16$0.10$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.41$0.07$0.34
2013Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.42$0.07$0.34
2012Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.06
2011Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.03