Civic Intelligence

Magnalia Foundation Inc.

990EZ • Fiscal year 2018 • EIN 46-3267182

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 25, 2018

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-12%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$323,719

Up $44,431 (+16%) from 2017

Net Assets

Up

$323,719

Up $44,431 (+16%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin91st percentile

Revenue

Down

$92,609

Down $12,750 (-12%) from 2017

Expenses

Down

$48,178

Down $8,330 (-15%) from 2017

Net Income

Down

$44,431

Down $4,420 (-9.0%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2018

Assets$323,719
Liabilities$0
Net Assets$323,719
Open 2018 Filing

Operations Trend

Revenue Growth31st 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

2018

Revenue$92,609
Expenses$48,178
Net Income$44,431
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 25, 2018
Return Version
2017v2.2
Gross Receipts
$92,609
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$14,935
Annual youth camp, monthly youth leadership programs, annual Feast Day program for over 100 participants.$0$9,328
Monthly Evenings of Recollection and spiritual formation for over 100 participants.$0$9,124
Sponsorship of annual retreat with spiritual and educational programs for over 40 participants.$0$5,941
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerome DrisaldiChairman-$0--
Richard GrucaPresident-$0--
Michael MollettaTreasurer-$0--
Dave LettaSecretary-$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
Jerome Drisaldi
Title
Chariman
Phone
7705108416
Signed
2018-09-25
Discuss with paid preparer
Yes

Preparer

Preparer
Michael Molletta
Phone
7705108416
Supplemental Narrative

Additional Explanations

Part I, Line 10

“Organization event sponsorship (Evenings of Recollection, Camp, The Point, Retreat, Feast Day activities)”

Part I, Line 16

“Insurance, banking fees, depreciation, marketing and promotion”

Part I, Line 8

“Credit card cash back rebates”

Part II, Line 24

“Miscellaneous deposits (Beg. of Year) Miscellaneous deposits, furniture and depreciation (End of Year)”

Part III, Line 31

“Annual youth camp, monthly youth leadership programs, annual Feast Day program for over 100 participants.”

Raw XML Appendix222 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jerome Drisaldi
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization event sponsorship (Evenings of Recollection, Camp, The Point, Retreat, Feast Day activities)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance, banking fees, depreciation, marketing and promotion
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit card cash back rebates
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Miscellaneous deposits (Beg. of Year) Miscellaneous deposits, furniture and depreciation (End of Year)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annual youth camp, monthly youth leadership programs, annual Feast Day program for over 100 participants.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 10
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jerome Drisaldi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chariman
ReturnHeader/BusinessOfficerGrp/PhoneNum07705108416
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-25
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/PreparationDt02018-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Molletta
ReturnHeader/ReturnTs02018-09-24T11:28:13-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$323,719
Liabilities
$0
Net assets
$323,719
Revenue
$92,609
Expenses
$48,178
Net income
$44,431
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