Civic Intelligence

Magnolia Charitable Foundation Selig K Solomon

990PF • Fiscal year 2023 • EIN 27-6620623

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

82nd percentile

0.00x

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

2023 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.00x

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

2023 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

85%

Higher net margin than 85% of similar nonprofits.

2023 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2023 filings • NTEE T22 • $1M-$5M nonprofits • Source year 2023

Asset Growth

77th percentile

9.1%

Faster asset growth than 77% of similar nonprofits.

2023 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-28%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • NTEE T22 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$4,022,331

Up $335,070 (+9.1%) from 2022

Net Assets

Up

$4,022,331

Up $335,070 (+9.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin85th percentile

Revenue

Down

$393,697

Down $152,347 (-28%) from 2022

Expenses

Down

$58,627

Down $395,069 (-87%) from 2022

Net Income

Up

$335,070

Up $242,722 (+263%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2023

Assets$4,022,331
Liabilities$0
Net Assets$4,022,331
Open 2023 Filing

Operations Trend

Revenue Growth35th 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

2023

Revenue$393,697
Expenses$58,627
Net Income$335,070
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SELIG K SOLOMONPresident-$0--
DAVID Z SOLOMONTreasurer-$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
2024-11-14

Preparer

Firm
Billet Feit & Preis Pc
Address
42 BROADWAY SUITE 1815, NEW YORK, NY 10004
Preparer
Elihu D Baer
Phone
2124253300
Raw XML Appendix333 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
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt0125000
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt186211
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0SELIG K SOLOMON
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1DAVID Z SOLOMON
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IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
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IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
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IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
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IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
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IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1622
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1MISC QUALIFYING CONTRIBUTIONS UNDER 1000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0C/O 73-02 137TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1C/O 73-02 137TH STREET
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IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt030622
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
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IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0200095
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt04025
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt04025
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt04025
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt031547
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt04025
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0164523
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt03084
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0DISTRIBUTION RECEIVABLE - MELVIN
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1DISTRIBUTION RECEIVABLE - ANDOVER NATIONAL CORP
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc2DISTRIBUTION RECEIVABLE - ALTIMETER
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc3DISTRIBUTION RECEIVABLE - G2 INVESTMENT
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt02325
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt1186835
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt220332
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt02325
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt1186835
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt220332
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INV LOSS HUNTERS GATE IMG, LLC
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt018830
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt019035
TaxesSchedule/TaxesDetail/Amt0250
TaxesSchedule/TaxesDetail/Amt17370
TaxesSchedule/TaxesDetail/CategoryTxt0NEW YORK STATE DEPT OF LAW
TaxesSchedule/TaxesDetail/CategoryTxt1FEDERAL EXCISE TAX
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt0250
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SELIG K SOLOMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187934200
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
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/IRSResponsiblePrtyInfoCurrInd00
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/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIHU D BAER
ReturnHeader/ReturnTs02024-11-14T10:22:35-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,022,331
Liabilities
$0
Net assets
$4,022,331
Revenue
$393,697
Expenses
$58,627
Net income
$335,070
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