Civic Intelligence

Magical Palace of Knowledge Center Inc

EIN 45-1954256 • 501(c)3 • Clifton, NJ

Profile

day care and early childhood development

775 Valley RdClifton, NJ 07013-2205

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

27th percentile

-7.5%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-73%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $88,335 (-100%) from 2019

Liabilities

Down

$0

Down $3,934 (-100%) from 2019

Net Assets

Down

$0

Down $84,401 (-100%) from 2019

Revenue

Down

$576,629

Down $1,589,764 (-73%) from 2019

Expenses

Down

$619,899

Down $1,519,289 (-71%) from 2019

Net Income

Down

-$43,270

Down $70,475 (-259%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2012: $33,157Liabilities 2012: $7,455Net Assets 2012: $25,7022012Assets 2013: $75,561Liabilities 2013: $10,508Net Assets 2013: $65,0532013Assets 2014: $80,282Liabilities 2014: $7,924Net Assets 2014: $72,3582014Assets 2015: $66,373Liabilities 2015: $5,296Net Assets 2015: $61,0772015Assets 2016: $55,813Liabilities 2016: $6,117Net Assets 2016: $49,6962016Assets 2017: $49,651Liabilities 2017: $4,604Net Assets 2017: $45,0472017Assets 2018: $61,710Liabilities 2018: $4,514Net Assets 2018: $57,1962018Assets 2019: $88,335Liabilities 2019: $3,934Net Assets 2019: $84,4012019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,192,845Expenses 2012: $1,167,143Net Income 2012: $25,7022012Revenue 2013: $1,317,549Expenses 2013: $1,278,198Net Income 2013: $39,3512013Revenue 2014: $1,581,957Expenses 2014: $1,574,652Net Income 2014: $7,3052014Revenue 2015: $1,854,908Expenses 2015: $1,866,189Net Income 2015: -$11,2812015Revenue 2016: $1,815,119Expenses 2016: $1,827,085Net Income 2016: -$11,9662016Revenue 2017: $1,940,271Expenses 2017: $1,947,418Net Income 2017: -$7,1472017Revenue 2018: $2,131,289Expenses 2018: $2,118,139Net Income 2018: $13,1502018Revenue 2019: $2,166,393Expenses 2019: $2,139,188Net Income 2019: $27,2052019Revenue 2020: $576,629Expenses 2020: $619,899Net Income 2020: -$43,2702020

Highlighted filing

2020

Revenue$576,629
Expenses$619,899
Net Income-$43,270

Filings

Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 6, 2016
Return Version
2015v2.1
Gross Receipts
$1,854,908
Mission and Program Overview

Mission

Day care and early childhood development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$66,455$59,851▼ $6,604
Cash and Non-Interest-Bearing Accounts$13,827$6,522▼ $7,305
Total Assets$80,282$66,373▼ $13,909
Liabilities
Accounts Payable and Accrued Expenses$7,924$5,296▼ $2,628
Total Liabilities$7,924$5,296▼ $2,628
Net Assets / Fund Balance
Unrestricted Net Assets$72,358$61,077▼ $11,281
Total Net Assets Fund Balance$72,358$61,077▼ $11,281
Total Liabilities and Net Assets / Fund Balance$80,282$66,373▼ $13,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,885$20,690$41,575
Leasehold Improvements$29,866-$29,866
Buildings$9,100-$9,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vera Maydel775 Valley Rd Clifton, NJ 07013FT$149,000$149,000
Aigul Khabibulina775 Valley Rd Clifton, NJ 07013FT$33,527$33,527
Nila Kugnat775 Valley Rd Clifton, NJ 07013FT$29,458$29,458
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,854,908
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-11,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$934,893
Other Expenses$931,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$812,841$0$0$812,841
All Other Expenses$609,395$0$0$609,395
Occupancy$220,005$0$0$220,005
Payroll Taxes$83,386$0$0$83,386
Other Employee Benefits$38,666$0$0$38,666
Office Expenses$25,399$0$0$25,399
Travel$23,340$0$0$23,340
Insurance$20,776$0$0$20,776
Other Expenses$7,865$0$0$7,865
Depreciation Depletion$6,604$0$0$6,604
Information Technology$6,449$0$0$6,449
Fees for Services Accounting$0$5,985$0$5,985
Advertising$5,058$0$0$5,058
Interest$0$420$0$420
Total Functional Expenses$1,859,784$6,405$0$1,866,189
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Magical Palace of Knowledge Center Inc
EIN
45-1954256
Phone
9738151500
Address
775 VALLEY RD, CLIFTON, NJ 07013-2205

Signing Officer

Name
Vera Maydel
Title
President
Phone
9738151500
Signed
2016-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vera Maydel
Formed
2012
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
45
Volunteers
0

Preparer

Firm
Irina Sprishen CPA PC
Address
101 East Pennsylvania Blvd, Feasterville, PA 19053
Preparer
Irina Sprishen CPA Mst
Phone
2159422980
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

prior to filing tax return is sent to each Board Member for review

Pt VI, Line 15A

annually perform comprehensive salary comparision

Form 990, Part IX, Line 24F

Auto expense 28132. 28132. Bank service charge 1062. 1062. Business expenses:business registration fees 564. 564. Contract services:outside contract services 250. 250. Day care activities 18615. 18615. Daycare meals 112620. 112620. Computer & internet interest expense daycare supplies 100403. 100403. Educational services 339500. 339500. Misc. Taxes operations:books, subscriptions, reference 525. 525. Operations:telephone, telecommunications 4445. 4445. Payroll expenses 1111. 1111. Contributions

Raw XML Appendix309 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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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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