Civic Intelligence

Magnalia Foundation Inc.

990EZ • Fiscal year 2019 • EIN 46-3267182

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 19, 2019

Organization Profilewww.magnaliafoundation.com
12460 Crabapple Road Suite 202-621Alpharetta, GA 30004

(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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

0.9%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$365,946

Up $42,227 (+13%) from 2018

Net Assets

Up

$365,946

Up $42,227 (+13%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin90th percentile

Revenue

Up

$93,409

Up $800 (+0.9%) from 2018

Expenses

Up

$51,182

Up $3,004 (+6.2%) from 2018

Net Income

Down

$42,227

Down $2,204 (-5.0%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2019

Assets$365,946
Liabilities$0
Net Assets$365,946
Open 2019 Filing

Operations Trend

Revenue Growth50th 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

2019

Revenue$93,409
Expenses$51,182
Net Income$42,227
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 19, 2019
Return Version
2018v3.1
Gross Receipts
$93,409
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$16,988
Sponsorship of annual retreat with spiritual and educational programs for over 40 participants.$0$12,179
Monthly Evenings of Recollection and spiritual formation for over 100 participants.$0$6,433
Sponsorship of annual Camp participation for social, spiritual and educational formation of over 20 participants. Sponsorship and operation of annual Feast Day activities for over 50 participants.$0$5,888
Compensation and Service Providers
Top Officer Pay77th 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
12460 Crabapple Road Suite 202-621, Alpharetta, GA 30004

Signing Officer

Name
Jerry Drisaldi
Title
Chairman
Phone
4048045056
Signed
2019-08-19
Discuss with paid preparer
Yes

Preparer

Preparer
Michael Molletta
Phone
4045437160
Supplemental Narrative

Additional Explanations

Part I, Line 10

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

Part I, Line 16

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

Part III, Line 31

“Sponsorship of annual Camp participation for social, spiritual and educational formation of over 20 participants. Sponsorship and operation of annual Feast Day activities for over 50 participants.”

Part II, Line 24

“rental and miscellaneous deposits, furniture less accumulated depreciation”

Raw XML Appendix223 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/BooksInCareOfDetail/USAddress/CityNm0Alpharetta
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jerome Drisaldi
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07340
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04264
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt04876
IRS990EZ/OtherRevenueTotalAmt00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Monthly Evenings of Recollection and spiritual formation for over 100 participants.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Sponsorship of annual Camp participation for social, spiritual and educational formation of over 20 participants. Sponsorship and operation of annual Feast Day activities for over 50 participants.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt30
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization event sponsorship (Evenings of Recollection, Camp, Retreat, Feast Day activities).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance, banking fees, depreciation, marketing and promotion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Sponsorship of annual Camp participation for social, spiritual and educational formation of over 20 participants. Sponsorship and operation of annual Feast Day activities for over 50 participants.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3rental and miscellaneous deposits, furniture less accumulated depreciation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, Line 24
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jerry Drisaldi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum04048045056
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNALIA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0463267182
ReturnHeader/Filer/PhoneNum07705108416
ReturnHeader/Filer/USAddress/AddressLine1Txt012460 Crabapple Road Suite 202-621
ReturnHeader/Filer/USAddress/CityNm0Alpharetta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030004
ReturnHeader/PreparerPersonGrp/PhoneNum04045437160
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Molletta
ReturnHeader/ReturnTs02019-08-27T09:23:06-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$365,946
Liabilities
$0
Net assets
$365,946
Revenue
$93,409
Expenses
$51,182
Net income
$42,227
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