Civic Intelligence

Miraclefest Inc

990EZ • Fiscal year 2017 • EIN 45-2469844

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 26, 2017

51 Riverside DriveCorning, NY 14830

(866) 376-9900

Siviq Scores

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

Liabilities / Assets

95th percentile

1.01x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.39x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

96th percentile

256%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,664

Up $5,511 (+256%) from 2016

Net Assets

Down

-$91

Down $244 (-159%) from 2016

Liabilities

Up

$7,755

Up $5,755 (+288%) from 2016

Revenue

Up

$19,869

Up $2,519 (+15%) from 2016

Expenses

Up

$20,113

Up $1,080 (+5.7%) from 2016

Net Income

Up

-$244

Up $1,439 (+86%) from 2016

Historical Trend

Balance Sheet Trend

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

$10K$5.0K$0-$5.0KAssets 2012: $270Liabilities 2012: $02012Assets 2013: $51Liabilities 2013: $02013Assets 2014: $9,230Net Assets 2014: $9,2302014Assets 2015: $1,836Liabilities 2015: $0Net Assets 2015: $1,8362015Assets 2016: $2,153Liabilities 2016: $2,000Net Assets 2016: $1532016Assets 2017: $7,664Liabilities 2017: $7,755Net Assets 2017: -$912017

Highlighted filing

2017

Assets$7,664
Liabilities$7,755
Net Assets-$91

Operations Trend

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

$40K$20K$0-$20KRevenue 2012: $15,676Expenses 2012: $15,406Net Income 2012: $2702012Revenue 2013: $11,603Expenses 2013: $11,822Net Income 2013: -$2192013Revenue 2014: $34,844Expenses 2014: $25,665Net Income 2014: $9,1792014Revenue 2015: $13,329Expenses 2015: $20,723Net Income 2015: -$7,3942015Revenue 2016: $17,350Expenses 2016: $19,033Net Income 2016: -$1,6832016Revenue 2017: $19,869Expenses 2017: $20,113Net Income 2017: -$2442017

Highlighted filing

2017

Revenue$19,869
Expenses$20,113
Net Income-$244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 26, 2017
Return Version
2016v3.0
Gross Receipts
$25,023
Mission and Program Overview

Mission

The organization was formed for the charitable purpose of aiding the poor, distressed, and/or underpriviledged persons living in the New York counties of Chemung and Steuben by providing funds to help eliminate prejudice and discrimination, to advance education and training of such persons and to combat community deterioration.

Program Services

DescriptionGrantsExpenses
The organization holds a charity event to raise funds for the Corning, NY Community Food Pantry, an organization that provides food to the residents of six counties in NY. Their services reach tens of thousands of individuals each year.$19,500$19,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
jeffrey j travisExecutive DirectorPT$0--
karen travisDirectorPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
golf tournament$23,421$11,660-$11,660
Total Events$23,421$11,660$5,154$6,506
Filing and Contact Details

Filer

Filer Name
Miraclefest Inc
EIN
45-2469844
Phone
8663769900
Address
51 Riverside Drive, Corning, NY 14830

Signing Officer

Name
jeffrey j travis
Title
Executive Director
Phone
8663769900
Signed
2017-10-26
Discuss with paid preparer
Yes

Preparer

Firm
INSERO & CO CPAs LLP
Address
401 E State Street, Ithaca, NY 14850
Preparer
Lesley Horner
Phone
6072724444
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: INTEREST INCOME. Amount: 2.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: provides food to the residents of six counties in NY. Grantee Name: CORNING COMMUNITY FOOD PANTRY. Grantee Address: 39 W WILLIAM ST. CORNING, NY 14830. Date of Gift: 10/26/16. Amount Given: 19,500.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: merchant fees. Amount: 613.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: deferred revenue. Beg. of Year Amount: 2,000. End of Year Amount: 7,755.

Raw XML Appendix193 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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt019465
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: INTEREST INCOME. Amount: 2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: provides food to the residents of six counties in NY. Grantee Name: CORNING COMMUNITY FOOD PANTRY. Grantee Address: 39 W WILLIAM ST. CORNING, NY 14830. Date of Gift: 10/26/16. Amount Given: 19,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: merchant fees. Amount: 613.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: deferred revenue. Beg. of Year Amount: 2,000. End of Year Amount: 7,755.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0jeffrey j travis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08663769900
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIRACLEFEST INC
ReturnHeader/Filer/BusinessNameControlTxt0MIRA
ReturnHeader/Filer/EIN0452469844
ReturnHeader/Filer/PhoneNum08663769900
ReturnHeader/Filer/USAddress/AddressLine1Txt051 Riverside Drive
ReturnHeader/Filer/USAddress/CityNm0Corning
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014830
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08622D4E0E19CFF58DC4342D67008019D3ED5D4B2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.159.211.134
ReturnHeader/FilingSecurityInformation/IPDt02017-10-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:28:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475324570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INSERO & CO CPAs LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 E State Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ithaca
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072724444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lesley Horner
ReturnHeader/ReturnTs02017-11-14T15:19:09-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits