Civic Intelligence

Magnalia Foundation Inc.

990EZ • Fiscal year 2017 • EIN 46-3267182

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 28, 2017

Organization Profilewww.magnaliafoundation.com
489 Lindbergh Place NE Suite 905Atlanta, GA 30324

(770) 510-8416

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

90th percentile

46%

Higher net margin than 90% 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

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

27th percentile

-16%

Faster revenue growth than 27% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$279,288

Up $48,851 (+21%) from 2016

Net Assets

Up

$279,288

Up $48,851 (+21%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin90th percentile

Revenue

Down

$105,359

Down $20,539 (-16%) from 2016

Expenses

Down

$56,508

Down $1,777 (-3.0%) from 2016

Net Income

Down

$48,851

Down $18,762 (-28%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$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

2017

Assets$279,288
Liabilities$0
Net Assets$279,288
Open 2017 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$105,359
Expenses$56,508
Net Income$48,851
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$105,359
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.

Program Services

DescriptionGrantsExpenses
Sponsorship and operation of social and educational center providing weekly spiritual formation for over 100 participants.$0$21,377
Annual youth camp, monthly youth leadership programs, quarterly Father and Son's club programs and annual Feast Day program.$0$13,144
Sponsorship of annual retreat with spiritual and educational programs for over 40 participants$0$7,971
Monthly Evenings of Recollection and spiritual formation for over 100 participants$0$7,237
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerome DrisaldiChairman-$0--
Richard GrucaPresident-$0--
Michael MollettaTreasurer-$0--
Dave LetaSecretary-$0--
Ricardo AlvaradoDirector-$0--
Thierry WersingerDirector-$0--
Steve PacittiDirector-$0--
Filing and Contact Details

Filer

Filer Name
Magnalia Foundation Inc
EIN
46-3267182
Phone
7705108416
Address
489 Lindbergh Place NE Suite 905, Atlanta, GA 30324

Signing Officer

Name
Michael Molletta
Title
Treasurer
Phone
7705108416
Signed
2017-09-28
Discuss with paid preparer
Yes

Preparer

Preparer
Michael Molletta
Phone
7705108416
Supplemental Narrative

Additional Explanations

Part I, Line 10

“Scholarships to organization sponsored camp. Organization event sponsorship (Camp, Evening of Recollection, Father and Son club, The Point, Retreat and Feast Day activities)”

Part I, Line 16

“Bank fees, furniture, meals, parking”

Part I, Line 8

“credit card cash back”

Part II, Line 24

“Prepaid deposits”

Part III, Line 31

“Annual youth camp, monthly youth leadership programs, quarterly Father and Son's club programs and annual Feast Day program.”

Raw XML Appendix231 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships to organization sponsored camp. Organization event sponsorship (Camp, Evening of Recollection, Father and Son club, The Point, Retreat and Feast Day activities)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank fees, furniture, meals, parking
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2credit card cash back
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prepaid deposits
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annual youth camp, monthly youth leadership programs, quarterly Father and Son's club programs and annual Feast Day program.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III, Line 31
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Molletta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07705108416
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNALIA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0463267182
ReturnHeader/Filer/PhoneNum07705108416
ReturnHeader/Filer/USAddress/AddressLine1Txt0489 Lindbergh Place NE Suite 905
ReturnHeader/Filer/USAddress/CityNm0Atlanta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030324
ReturnHeader/PreparerPersonGrp/PhoneNum07705108416
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Molletta
ReturnHeader/ReturnTs02017-09-18T12:50:50-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,288
Liabilities
$0
Net assets
$279,288
Revenue
$105,359
Expenses
$56,508
Net income
$48,851
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