Civic Intelligence

Magnalia Foundation Inc.

990EZ • Fiscal year 2020 • EIN 46-3267182

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 18, 2020

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

(404) 804-5056

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-2.7%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$424,803

Up $58,857 (+16%) from 2019

Net Assets

Up

$424,803

Up $58,857 (+16%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin93rd percentile

Revenue

Down

$90,852

Down $2,557 (-2.7%) from 2019

Expenses

Down

$31,995

Down $19,187 (-37%) from 2019

Net Income

Up

$58,857

Up $16,630 (+39%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2020

Assets$424,803
Liabilities$0
Net Assets$424,803
Open 2020 Filing

Operations Trend

Revenue Growth61st 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

2020

Revenue$90,852
Expenses$31,995
Net Income$58,857
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 18, 2020
Return Version
2019v5.0
Gross Receipts
$90,852
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$18,704
Monthly Evenings of Recollection for spiritual formation for over 100 participants.$0$3,573
Hosted annual Feast Day activities for spiritual and cultural growth for over 50 participants.$0$966
Activities related to annual Retreat (cancelled due to COVID19) 40 participants.$0$337
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
4048045056
Address
12460 Crabapple Road Suite 202-621, Alpharetta, GA 30004

Signing Officer

Name
Jerome Drisaldi
Title
Chairman
Phone
7705108416
Signed
2020-09-18
Discuss with paid preparer
Yes

Preparer

Preparer
Mike Molletta
Phone
7705108416
Supplemental Narrative

Additional Explanations

Part II, Line 24

“Rental and miscellaneous deposits. Furniture less accumulated depreciation.”

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

“Activities related to annual Retreat (cancelled due to COVID19) 40 participants.”

Raw XML Appendix230 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/OrganizationDissolvedEtcInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Hosted annual Feast Day activities for spiritual and cultural growth for over 50 participants.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Activities related to annual Retreat (cancelled due to COVID19) 40 participants.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rental and miscellaneous deposits. Furniture less accumulated depreciation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization event sponsorship (Evenings of Recollection, Camp, Retreat, Feast Day activities)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance, banking fees, depreciation, marketing and promotion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Activities related to annual Retreat (cancelled due to COVID19) 40 participants.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III, Line 31
ReturnHeader/BuildTS02022-02-16 14:24:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jerome Drisaldi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum07705108416
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNALIA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0463267182
ReturnHeader/Filer/PhoneNum04048045056
ReturnHeader/Filer/USAddress/AddressLine1Txt012460 Crabapple Road Suite 202-621
ReturnHeader/Filer/USAddress/CityNm0Alpharetta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030004
ReturnHeader/PreparerPersonGrp/PhoneNum07705108416
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mike Molletta
ReturnHeader/ReturnTs02020-09-21T13:13:09-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$424,803
Liabilities
$0
Net assets
$424,803
Revenue
$90,852
Expenses
$31,995
Net income
$58,857
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