Civic Intelligence

Magfest Inc.

990 • Fiscal year 2019 • EIN 46-1086258

Mar 01, 2018 to Feb 28, 2019 • Filed on Jan 15, 2020

PO Box 4705Balitmore, MD 21211

(877) 624-3378

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$73,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

28th percentile

-5.8%

Faster revenue growth than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$703,021

Down $43,004 (-5.8%) from 2018

Net Assets

Down

$700,807

Down $10,202 (-1.4%) from 2018

Liabilities

Down

$2,214

Down $32,802 (-94%) from 2018

Revenue

Down

$1,695,070

Down $104,280 (-5.8%) from 2018

Expenses

Down

$1,736,868

Down $5,861 (-0.3%) from 2018

Net Income

Down

-$41,798

Down $98,419 (-174%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $689,038Liabilities 2015: $210,348Net Assets 2015: $478,6902015Assets 2016: $830,065Liabilities 2016: $8,768Net Assets 2016: $821,2972016Assets 2017: $661,616Liabilities 2017: $7,228Net Assets 2017: $654,3882017Assets 2018: $746,025Liabilities 2018: $35,016Net Assets 2018: $711,0092018Assets 2019: $703,021Liabilities 2019: $2,214Net Assets 2019: $700,8072019Assets 2020: $875,935Liabilities 2020: $7,874Net Assets 2020: $868,0612020Assets 2021: $371,159Liabilities 2021: $5,784Net Assets 2021: $365,3752021Assets 2022: $1,861,525Liabilities 2022: $655Net Assets 2022: $1,860,8702022Assets 2024: $2,999,487Liabilities 2024: $1,350Net Assets 2024: $2,998,1372024

Highlighted filing

2019

Assets$703,021
Liabilities$2,214
Net Assets$700,807

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,088,861Expenses 2015: $793,038Net Income 2015: $295,8232015Revenue 2016: $1,364,312Expenses 2016: $1,022,474Net Income 2016: $341,8382016Revenue 2017: $1,424,210Expenses 2017: $1,564,508Net Income 2017: -$140,2982017Revenue 2018: $1,799,350Expenses 2018: $1,742,729Net Income 2018: $56,6212018Revenue 2019: $1,695,070Expenses 2019: $1,736,868Net Income 2019: -$41,7982019Revenue 2020: $2,287,029Expenses 2020: $2,119,775Net Income 2020: $167,2542020Revenue 2021: $393,233Expenses 2021: $895,919Net Income 2021: -$502,6862021Revenue 2022: $133,153Expenses 2022: $347,684Net Income 2022: -$214,5312022Revenue 2024: $3,068,619Expenses 2024: $2,601,648Net Income 2024: $466,9712024

Highlighted filing

2019

Revenue$1,695,070
Expenses$1,736,868
Net Income-$41,798
Jump To
Filing Snapshot
Filing Period
Mar 1, 2018 to Feb 28, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$1,861,330
Mission and Program Overview

Mission

To educate the public about video game music, art, and history;To promote public appreciation of video game music, art, and histor TO UNDERTAKE OTHER CHARTABLE PROJECTS,PROGRAMS AND ACTIVITIES NOT INCONSISTENT WITH SECTION 501(C)(3) OF THE IRSCODE AND APPLICALBLE STATE LAW.

To educate the public about video game music, art, and history; to promote public appreciation of video game music, art, and history to undertake other charitable projects, programs, and activities not inconsistent with section 501(c)(3) of the irs code and applicable state law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$742,605$700,807▼ $41,798
Cash and Non-Interest-Bearing Accounts$712,091$672,671▼ $39,420
Land, Buildings, and Equipment, Net$30,553$23,655▼ $6,898
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$749,339$703,021▼ $46,318
Other Assets Total$6,695$6,695→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,734$2,214▼ $4,520
Total Liabilities$6,734$2,214▼ $4,520
Net Assets / Fund Balance
Total Net Assets Fund Balance$742,605$700,807▼ $41,798
Total Liabilities and Net Assets / Fund Balance$749,339$703,021▼ $46,318

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,486$40,986-
Leasehold Improvements$2,169$11,632-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicholas MarinelliExecutive DirectorFT$73,500$73,500
Dominic CerquettiBoard MemberPT$21,820$21,820

Board Members and Trustees

NameTitle
Paul GoodBoard Member
Dustin PetersonSecretary
Eli CourtwrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,199
Program Service Revenue
$1,744,239
Investment Income
$330
Other Revenue
$-87,698
All Other Contributions
$38,199
Change in Net Assets
$-41,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,240,439
Salaries, Compensation, and Employee Benefits$436,878
Grants and Similar Amounts Paid$59,551
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$500,385--$500,385
Fees for Services Other$366,842--$366,842
Other Salaries and Wages$257,182$24,000-$281,182
Travel$97,784--$97,784
Current Officers, Directors, Trustees, and Key Employees$95,320--$95,320
Occupancy-$94,513-$94,513
Grants to Domestic Orgs$59,551--$59,551
Payroll Taxes-$30,365-$30,365
Insurance-$30,235-$30,235
Other Employee Benefits-$30,011-$30,011
Advertising$27,750--$27,750
Office Expenses-$20,711-$20,711
Depreciation Depletion$7,961$6,506-$14,467
Information Technology$5,976$5,976-$11,952
Fees for Services Accounting-$7,603-$7,603
Fees for Services Management-$6,750-$6,750
Other Expenses$7,525$953-$953
Total Functional Expenses$1,471,720$265,148$0$1,736,868
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Childs PlayRedmond, WA501(c)(3)TO FURTHER MAGFEST, INC'S MISSION OF VIDEO GAME APPRECIATION BY SUPPORTING CHILDS PLAY WHICH HELPS CHILDREN IN HOSPITALS FIND JOY TRHOUGH VIDEO AND NON-VIDEO GAME MEANS$53,244
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
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director and the board will approve the form 990 prepared by an outside accounting firm prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy convering the director, officer and/or individuals in position to influence voting on magfest policies and expendentures. Anytime a vote was called people were asked to disclose any conflict of interest. If there was even appearance of a conflict of interest they were asked by others on the board not to take part in the voting.

Form 990, Part VI, Section B, Line 15

A salary survey was conducted for key employees. No conflict of interest was found as the salary was deemed to be within market rates for the work performed and under fair market value for the employee's potential earning power in the marketplace.

Form 990, Part VI, Section C, Line 19

The executive director and the board will approve the 990 prepared by an outside accounting firm prior to filing with the irs.

Form 990 Governing Body Review (part VI, Line 11)

The executive director and the board will approve the 990 prepared by an outside accounting firm prior to filing with the irs.

Conflict of Interest Policy Compliance (part VI, Line 12C)

The organization has a conflict of interest policy covering director, officer, or individual in a position to influence a vote on magfest policies or expenditures. Anytime a cote was called people were asked to disclose any conflict of interest. If there was even the appearance of a conflict they were asked by other on the board not to take part in the vote.

Executive Director, Top Management Comp (part VI, Line 15A)

Salary survey was conducted for nick, a key employee. We find no conflict since his salary was deemed to be within market rates for the work performed and under fair market vlaue for his potential earning power in the market place.

Governing Documents, Etc, Available to Public (part VI, Line 19)

The organization will make available upon request its financial dcouments and conflict of interest policy as requested within a reasonable period as determined by the board of directors.

Filing and Contact Details

Filer

Filer Name
Magfest Inc
EIN
46-1086258
Phone
8776243378
Address
PO BOX 4705, BALITMORE, MD 21211

Signing Officer

Name
Debra R Lenik
Title
Executive Director
Phone
8776243378
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra R Lenik
Formed
2012
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
4
Employees
10
Volunteers
1,200

Preparer

Firm
Draper & Mcginley Pa
Address
365 W PATRICK ST, FREDERICK, MD 21701
Preparer
Michael Mcginley
Phone
3016947411
Supplemental Narrative

Additional Explanations

List of Other Fees for Services Expenses (part IX, Line 11G)

Arcade stipends 26,848 arcade contracts 8,613 av 319,713 manufacturing 3,343 venue 1,436 loss on stolen credit card 6,889 total 366,842

Raw XML AppendixShowing 400 of 433 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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IRS990/Desc0THE MUSIC AND GAMING FESTIVAL, IS MAGFEST INC'S FLAGSHIP EVENT, OCCURRING ANNUALLY EACH WINTER. MAGFEST'S LIBRARY OF HISTORIC GAMING CONTENT CONTAINS CONSOLE, ARCADE, AND NON-ELECTRONIC EXHIBITS DATING FROM 1971 TO THE PRESENT. THE MAGFEST EVENT GIVES ITS ATTENDEES THE OPPORTUNITY TO EXPERIENCE THAT GAMING HISTORY. MAGFEST ALSO EXHIBITS VIDEO GAMES CREATED BY INDEPENDENT DEVELOPERS, GIVING THEM A CHANCE TO DEMONSTRATE THEIR WORK AND ACCOMPLISHMENTS. ALSO, MAGFEST FEATURES PERFORMANCES OF MUSIC, EITHER ARRANGED FROM OR INSPIRED, BY THE MUSIC FEATURED IN VIDEO GAMES. THESE PERFORMANCES PRESERVE THE ART-FORM OF VIDEO GAME MUSIC AND PROMOTE THE APPRECIATION OF IT. THE MAGFEST EVENT WAS CREATED AS AN ALTERNATIVE TO VIDEO GAME INDUSTRY EXHIBITIONS, AS THESE EXHIBITIONS PRIMARILY EXIST AS A FOR-PROFIT MEANS OF ADVERTISING. MAGFEST'S MAIN PURPOSE IS TO PROVIDE A VENUE IN WHICH ITS ATTENDEES CAN LEARN ABOUT THE HISTORY AND CULTURE OF GAMING.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MAGFEST, INC CREATED A SMALLER FALL EVENT TO PROVIDE A MORE PERSONAL ATTENDEE EXPERIENCE AND A LOW RISK TRAINING ENVIRONMENT FOR NEW VOLUNTEER STAFF. IN THREE DAYS OF VIDEO GAME PROGRAMMING, TOURNAMENTS, AND MUSICAL PERFORMANCES IN A CASUAL, SOCIAL ATMOSPHERE, WE TRAIN STAFF TO BETTER UNDERSTAND AND ASSIST IN FUTURE MAGFEST EVENTS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt051366
IRS990/ProgSrvcAccomActy3Grp/Desc0MAGFEST, INC HOLDS SMALL EVENTS IN VARIOUS U.S. CITIES TO PROMOTE THE MAGFEST BRAND, AND TO ALSO BRING OUR MISSION CONTENT TO PEOPLE WHO CANNOT NORMALLY TRAVEL TO OUR FLAGSHIP WINTER EVENT. THESE EVENTS USUALLY FEATURE LIVE PERFORMANCES OF MUSIC ARRANGED FROM/INSPIRED BY VIDEO GAMES, AND ALSO PROVIDES CLASSIC HISTORICAL GAMING EXHIBITS FOR PEOPLE TO EXPERIENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt065435
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt039572
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt031736
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt031669
IRS990/PYInvestmentIncomeAmt0418
IRS990/PYOtherExpensesAmt01212719
IRS990/PYOtherRevenueAmt057798
IRS990/PYProgramServiceRevenueAmt01722453
IRS990/PYRevenuesLessExpensesAmt088217
IRS990/PYSalariesCompEmpBnftPaidAmt0479800
IRS990/PYTotalExpensesAmt01724188
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01812405
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-41798
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01565933
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0742605
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0700807
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt038199
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt031736
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049398
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt029434
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0148767
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0330
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0418
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01748170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01713019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01333763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01344256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0667781
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06806989
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0418
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01667
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt074632
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0113595
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0107234
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt061797
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0357258
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95090
IRS990ScheduleA/PublicSupportPY509Pct00.95330
IRS990ScheduleA/PublicSupportTotal509Amt06955756
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01786369
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01744755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01383161
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01373690
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0667781
IRS990ScheduleA/Total509Grp/TotalAmt06955756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01861331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01858768
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01490898
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01435838
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0667846
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07314681
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt021486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040986
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt062472
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02169
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011632
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt013801
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023655
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt053244
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FURTHER MAGFEST, INC'S MISSION OF VIDEO GAME APPRECIATION BY SUPPORTING CHILDS PLAY WHICH HELPS CHILDREN IN HOSPITALS FIND JOY TRHOUGH VIDEO AND NON-VIDEO GAME MEANS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHILDS PLAY
IRS990ScheduleI/RecipientTable/RecipientEIN0203584556
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09660 153RD AVENUE NE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0REDMOND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098052
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND THE BOARD WILL APPROVE THE FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY CONVERING THE DIRECTOR, OFFICER AND/OR INDIVIDUALS IN POSITION TO INFLUENCE VOTING ON MAGFEST POLICIES AND EXPENDENTURES. ANYTIME A VOTE WAS CALLED PEOPLE WERE ASKED TO DISCLOSE ANY CONFLICT OF INTEREST. IF THERE WAS EVEN APPEARANCE OF A CONFLICT OF INTEREST THEY WERE ASKED BY OTHERS ON THE BOARD NOT TO TAKE PART IN THE VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A SALARY SURVEY WAS CONDUCTED FOR KEY EMPLOYEES. NO CONFLICT OF INTEREST WAS FOUND AS THE SALARY WAS DEEMED TO BE WITHIN MARKET RATES FOR THE WORK PERFORMED AND UNDER FAIR MARKET VALUE FOR THE EMPLOYEE'S POTENTIAL EARNING POWER IN THE MARKETPLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR AND THE BOARD WILL APPROVE THE 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR AND THE BOARD WILL APPROVE THE 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY COVERING DIRECTOR, OFFICER, OR INDIVIDUAL IN A POSITION TO INFLUENCE A VOTE ON MAGFEST POLICIES OR EXPENDITURES. ANYTIME A COTE WAS CALLED PEOPLE WERE ASKED TO DISCLOSE ANY CONFLICT OF INTEREST. IF THERE WAS EVEN THE APPEARANCE OF A CONFLICT THEY WERE ASKED BY OTHER ON THE BOARD NOT TO TAKE PART IN THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARY SURVEY WAS CONDUCTED FOR NICK, A KEY EMPLOYEE. WE FIND NO CONFLICT SINCE HIS SALARY WAS DEEMED TO BE WITHIN MARKET RATES FOR THE WORK PERFORMED AND UNDER FAIR MARKET VLAUE FOR HIS POTENTIAL EARNING POWER IN THE MARKET PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION WILL MAKE AVAILABLE UPON REQUEST ITS FINANCIAL DCOUMENTS AND CONFLICT OF INTEREST POLICY AS REQUESTED WITHIN A REASONABLE PERIOD AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ARCADE STIPENDS 26,848 ARCADE CONTRACTS 8,613 AV 319,713 MANUFACTURING 3,343 VENUE 1,436 LOSS ON STOLEN CREDIT CARD 6,889 TOTAL 366,842
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 GOVERNING BODY REVIEW (PART VI, LINE 11)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CONFLICT OF INTEREST POLICY COMPLIANCE (PART VI, LINE 12C)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXECUTIVE DIRECTOR, TOP MANAGEMENT COMP (PART VI, LINE 15A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7GOVERNING DOCUMENTS, ETC, AVAILABLE TO PUBLIC (PART VI, LINE 19)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8LIST OF OTHER FEES FOR SERVICES EXPENSES (PART IX, LINE 11G)
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/StatesWhereCopyOfReturnIsFldCd1VA
IRS990/StatesWhereCopyOfReturnIsFldCd2CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0749339
IRS990/TotalAssetsEOYAmt0703021
IRS990/TotalAssetsGrp/BOYAmt0749339
IRS990/TotalAssetsGrp/EOYAmt0703021
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038199
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0265148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01471720
IRS990/TotalFunctionalExpensesGrp/TotalAmt01736868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06734
IRS990/TotalLiabilitiesEOYAmt02214
IRS990/TotalLiabilitiesGrp/BOYAmt06734
IRS990/TotalLiabilitiesGrp/EOYAmt02214
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0742605
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0700807
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01471720
IRS990/TotalProgramServiceRevenueAmt01744239
IRS990/TotalReportableCompFromOrgAmt095320
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01656871
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01695070
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0749339
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0703021
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt097784
IRS990/TravelGrp/TotalAmt097784
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 4705
IRS990/USAddress/CityNm0BALITMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021211
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MAGFEST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-11-06 18:47:13Z

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