Civic Intelligence

Magnalia Foundation Inc

EIN 46-3267182 • 501(c)3 • Alpharetta, GA

Profile

Promote cultural social spiritual and educational activities within the South East region of the United States

12460 Crabapple Road Suite 202-621Alpharetta, GA 30004

www.magnaliafoundation.com

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

55th percentile

5.5%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

51st percentile

7.3%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$672,227

Up $35,343 (+5.5%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$672,227

Up $35,343 (+5.5%) from 2024

Operations
Liabilities / Revenue34th percentileNet Margin81st percentile

Revenue

Up

$118,610

Up $8,030 (+7.3%) from 2024

Expenses

Up

$83,267

Up $13,549 (+19%) from 2024

Net Income

Down

$35,343

Down $5,519 (-14%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$800K$600K$400K$200K$0Assets 2014: $54,614Liabilities 2014: $02014Assets 2015: $159,075Liabilities 2015: $0Net Assets 2015: $159,0752015Assets 2016: $230,437Liabilities 2016: $0Net Assets 2016: $230,4372016Assets 2017: $279,288Liabilities 2017: $0Net Assets 2017: $279,2882017Assets 2018: $323,719Liabilities 2018: $0Net Assets 2018: $323,7192018Assets 2019: $365,946Liabilities 2019: $0Net Assets 2019: $365,9462019Assets 2020: $424,803Liabilities 2020: $0Net Assets 2020: $424,8032020Assets 2021: $474,560Liabilities 2021: $0Net Assets 2021: $474,5602021Assets 2022: $501,503Liabilities 2022: $0Net Assets 2022: $501,5032022Assets 2023: $596,019Liabilities 2023: $0Net Assets 2023: $596,0192023Assets 2024: $636,884Liabilities 2024: $0Net Assets 2024: $636,8842024Assets 2025: $672,227Liabilities 2025: $0Net Assets 2025: $672,2272025

Highlighted filing

2025

Assets$672,227
Liabilities$0
Net Assets$672,227
Open 2025 Filing

Operations Trend

Revenue Growth51st percentile

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

$200K$150K$100K$50K$0Revenue 2014: $100,821Expenses 2014: $46,207Net Income 2014: $54,6142014Revenue 2015: $163,641Expenses 2015: $59,180Net Income 2015: $104,4612015Revenue 2016: $125,898Expenses 2016: $58,285Net Income 2016: $67,6132016Revenue 2017: $105,359Expenses 2017: $56,508Net Income 2017: $48,8512017Revenue 2018: $92,609Expenses 2018: $48,178Net Income 2018: $44,4312018Revenue 2019: $93,409Expenses 2019: $51,182Net Income 2019: $42,2272019Revenue 2020: $90,852Expenses 2020: $31,995Net Income 2020: $58,8572020Revenue 2021: $80,019Expenses 2021: $30,262Net Income 2021: $49,7572021Revenue 2022: $66,946Expenses 2022: $40,713Net Income 2022: $26,2332022Revenue 2023: $134,972Expenses 2023: $40,455Net Income 2023: $94,5172023Revenue 2024: $110,580Expenses 2024: $69,718Net Income 2024: $40,8622024Revenue 2025: $118,610Expenses 2025: $83,267Net Income 2025: $35,3432025

Highlighted filing

2025

Revenue$118,610
Expenses$83,267
Net Income$35,343
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$672,227
Liabilities
$0
Net assets
$672,227
Revenue
$118,610
Expenses
$83,267
Net income
$35,343
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.72$0.00$6.72$1.19$0.83$0.35
2024Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$1.11$0.70$0.41
2023Detailed filing. Detailed filing data is available for this year.$5.96$0.00$5.96$1.35$0.40$0.95
2022Detailed filing. Detailed filing data is available for this year.$5.02$0.00$5.02$0.67$0.41$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.80$0.30$0.50
2020Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.91$0.32$0.59
2019Detailed filing. Detailed filing data is available for this year.$3.66$0.00$3.66$0.93$0.51$0.42
2018Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.93$0.48$0.44
2017Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$1.05$0.57$0.49
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$1.26$0.58$0.68
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$1.64$0.59$1.04
2014Summary only. Only limited summary data is available for this year.$0.55$0.00$1.01$0.46$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 4, 2025
Return Version
2024v5.2
Gross Receipts
$118,610
Mission and Program Overview

Mission

Promote cultural, social, spiritual and educational activities within the SouthEast region of the United States.

Promote cultural, social, spiritual,and educational activities within the South East region of the United States

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$636,884$672,227▲ $35,343
Land, Buildings, and Equipment, Net$538,702$528,121▼ $10,581
Savings and Temporary Cash Investments$52,328$80,023▲ $27,695
Cash and Non-Interest-Bearing Accounts$45,854$64,083▲ $18,229
Total Assets$636,884$672,227▲ $35,343
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$636,884$672,227▲ $35,343
Total Liabilities and Net Assets / Fund Balance$636,884$672,227▲ $35,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$407,360$15,871-
Other Land Buildings-$4,968-
Land$120,761--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Ricardo AlvaradoPresident
David Leta-
Enrique Gelpi-
Jerry Drisaldi-
Richard Gruca-
Steve PacittiCEO
Juan HernandezCFO & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,696
Program Service Revenue
$21,548
Investment Income
$2,695
Other Revenue
$1,671
All Other Contributions
$92,696
Change in Net Assets
$35,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,267
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$33,477--$33,477
Depreciation Depletion-$10,581-$10,581
All Other Expenses-$8,667-$8,667
Fees for Services Accounting-$6,121-$6,121
Other Expenses-$3,299-$3,299
Grants to Domestic Orgs$1,000--$1,000
Office Expenses-$716-$716
Total Functional Expenses$34,477$48,790$0$83,267
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jacob Grucason of board president Rick Grucateaching several seminars on philosophyNo$400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Jerry Drisaldi, CEO, David Leta, CFO & Treasurer, and Mike Moletta, past CFO & Treasurer will review the Form 990.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request to the public from Jerry Drisaldi and David Leta.”

Filing and Contact Details

Filer

Filer Name
Magnalia Foundation
EIN
46-3267182
In Care Of
% Jerry Drisaldi
Phone
7706419394
Address
12460 Crabapple Road Suite 202-621, Alpharetta, GA 30004

Signing Officer

Name
Jerry Drisaldi
Title
CEO
Phone
4048045056
Signed
2025-12-04
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
30

Preparer

Firm
Oliver Mahone
Address
PO Box 896, Ellenwood, GA 30294
Preparer
Oliver Mahone
Phone
6785757501
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

“The three largest activities that MFI sponsored during then tax year were the 3 day mens silent retreat, the mens week long workshop, and the week long summer camp for boys. These three programs deepened the attendees interior and spiritual development and promoted their fellowship and friendship with other attendees. Additionally, the programs returned the attendees to their families and school or workplaces more committed to a spirit of service to other family members, and to school or work colleagues and teachers or supervisors. Of special note, the 3 day silent retreat increased in number to over 30 men attending,”

List of other expenses Part IX line 24E

“Book & Publications $2,223.61 Graphic Arts & Website Updating $1,125.00 Utilities $2,621.79 Trash $196.58 Meals $363.83 Miscellaneous $135.00 Telecommunications $1,739.30”

Raw XML Appendix386 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/ProgSrvcAccomActy2Grp/Desc0The Foundation sponsored and organzied a three day overnight religious silent retreat for over 40 men to foster and develop their character and spirituality. The silent retreat includes daily Mass services, ten meditations preached by a priest, talks on spiritual virtues by laymen, praying the rosary, opportunities for silent prayer, spiritual counseling and spiritual reading. Expenses were room and board for the 40 men.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation sponsors several outreach activities: Epiphany Party which is an outreach activity in a social setting, Christ on Main, Super Saturdays for young professioanls, and the Point-St. Raphael activities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05171
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The Foundation offsets the travel and lodging expenses of local middle school (6th-8th grade) boys, their counselors and chaperones to attend a week long summer leadership camp in Eastern Pennsylvania to foster and develop their leadership abilities, and their character, spirituality and fellowship. The leadership camp is an action-packed, one week overnight summer camp for entering 6th - 8th grade boys. The camp aims to help boys develop the skills and virtues necessary to be leaders. Each boy os placed on a team with about 10 other campers with whom he shares a cabin, attends activities, and competes in games. Every morning, campers attend a talk on a specific virtue, as well as classes on journalism, nature studies, great Americans, or military history. In the afternoons, boys compete in football, basketball, soccer, and dodgeball, followed by a refreshing swim. Each evening features a camp-wide activity ranging from capture the flag to a treasure hunt to t
IRS990/ProgSrvcAccomActyOtherGrp/Desc1The Foundation sponsored and organzied monthly evening silent prayer meetings each lasting several hours for 20-40 men to foster and develop their character, spirituality and fellowship. Each prayer meeting includes two preached meditations by a priest, a talk on a spiritual virtue by a layman, an opportunity for confession and spiritual direction with a priest, a time for a silent prayer, and a get together at the end of evening. Expense covered the use of a chapel and classroom in a Church.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2The Foundation sponsors a Feast Day Mass.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Jacob Gruca
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0son of board president Rick Gruca
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0teaching several seminars on philosophy
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jerry Drisaldi, CEO, David Leta, CFO & Treasurer, and Mike Moletta, past CFO & Treasurer will review the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents are available upon request to the public from Jerry Drisaldi and David Leta.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The three largest activities that MFI sponsored during then tax year were the 3 day mens silent retreat, the mens week long workshop, and the week long summer camp for boys. These three programs deepened the attendees interior and spiritual development and promoted their fellowship and friendship with other attendees. Additionally, the programs returned the attendees to their families and school or workplaces more committed to a spirit of service to other family members, and to school or work colleagues and teachers or supervisors. Of special note, the 3 day silent retreat increased in number to over 30 men attending,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Book & Publications $2,223.61 Graphic Arts & Website Updating $1,125.00 Utilities $2,621.79 Trash $196.58 Meals $363.83 Miscellaneous $135.00 Telecommunications $1,739.30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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IRS990/WebsiteAddressTxt0www.magnaliafoundation.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY DRISALDI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04048045056
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magnalia Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0463267182
ReturnHeader/Filer/InCareOfNm0% Jerry Drisaldi
ReturnHeader/Filer/PhoneNum07706419394
ReturnHeader/Filer/USAddress/AddressLine1Txt012460 Crabapple Road Suite 202-621
ReturnHeader/Filer/USAddress/CityNm0Alpharetta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Oliver Mahone
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 896
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ellenwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030294
ReturnHeader/PreparerPersonGrp/PhoneNum06785757501
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OLIVER MAHONE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-12-04T08:04:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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