Civic Intelligence

Magnolia Charitable Foundation Selig K Solomon

990PF • Fiscal year 2019 • EIN 27-6620623

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

85th percentile

0.00x

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

2019 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.00x

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

2019 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2019

Net Margin

56th percentile

8.7%

Higher net margin than 56% of similar nonprofits.

2019 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2019 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

0.9%

Faster asset growth than 57% of similar nonprofits.

2019 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

80%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$3,170,928

Up $27,692 (+0.9%) from 2018

Net Assets

Up

$3,170,928

Up $27,692 (+0.9%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin56th percentile

Revenue

Up

$320,009

Up $142,393 (+80%) from 2018

Expenses

Up

$292,317

Up $258,448 (+763%) from 2018

Net Income

Down

$27,692

Down $116,055 (-81%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2019

Assets$3,170,928
Liabilities$0
Net Assets$3,170,928
Open 2019 Filing

Operations Trend

Revenue Growth83rd 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

2019

Revenue$320,009
Expenses$292,317
Net Income$27,692
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay82nd 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
2020-11-16

Preparer

Firm
Billet Feit & Preis Pc
Address
42 BROADWAY SUITE 1815, NEW YORK, NY 10004
Preparer
Elihu D Baer
Phone
2124253300
Raw XML Appendix373 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/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0SELIG K SOLOMON
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt073-02 137TH STREET
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0FLUSHING
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd0113672860
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd01
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NY
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PhoneNum07187934200
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0258000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt125600
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt27216
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0RELIGIOUS EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1RELIGIOUS EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2RELIGIOUS EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0GOLDMAN SACHS GIVES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1JEWISH HERITAGE CENTER
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2MISC QUALIFYING CONTRIBUTIONS UNDER 1000
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/CityNm0FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2FLUSHING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd011367
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd111367
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd211367
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0290816
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/AppliedToCurrentYearAmt0169970
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0121621
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0215321
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0291591
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt045351
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0121621
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorNum12
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0DAVID Z SOLOMON
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1DAVID Z SOLOMON
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0C/O FOUNDATION 7302 137TH ST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt1C/O FOUNDATION 7302 137TH ST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0FLUSHING
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1FLUSHING
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd011367
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd111367
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt076547
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt1150000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt076547
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0GOLDMAN SACHS GROUP, INC
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02019-01-31
IRS990ScheduleB/Organization501c3ExemptPFInd0X
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0DAVID Z SOLOMON
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt0C/O FOUNDATION 7302 137TH ST
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0FLUSHING
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd011367
TaxesSchedule/TaxesDetail/Amt0250
TaxesSchedule/TaxesDetail/Amt1201
TaxesSchedule/TaxesDetail/CategoryTxt0NEW YORK STATE DEPT OF LAW
TaxesSchedule/TaxesDetail/CategoryTxt1IRS
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt0250
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SELIG K SOLOMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187934200
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C8E16F7E9AB3B4724B4935950A340BAA13537150
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.101.14.123
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm008:53:07
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/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIHU D BAER
ReturnHeader/ReturnTs02020-11-16T18:47:09-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,170,928
Liabilities
$0
Net assets
$3,170,928
Revenue
$320,009
Expenses
$292,317
Net income
$27,692
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