Civic Intelligence

Lawrence M & Kerin C Magdovitz Foundation

990PF • Fiscal year 2019 • EIN 47-2122518

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 22, 2020

Organization Profile
1005 Cordova Station AvenueCordova, TN 38018

(901) 737-0500

Siviq Scores

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

Liabilities / Assets

58th percentile

0.07x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.45x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2019 filings • $1M-$5M nonprofits • Source year 2019

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,243,133

Up $144,321 (+13%) from 2018

Net Assets

Up

$1,159,216

Up $40,997 (+3.7%) from 2018

Liabilities

Up

$83,917

Up $103,324 (+532%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin77th percentile

Revenue

Up

$186,896

Up $18,136 (+11%) from 2018

Expenses

Up

$143,372

Up $8,267 (+6.1%) from 2018

Net Income

Up

$43,524

Up $9,869 (+29%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2017: $1,153,363Liabilities 2017: $64,056Net Assets 2017: $1,089,3072017Assets 2018: $1,098,812Liabilities 2018: -$19,407Net Assets 2018: $1,118,2192018Assets 2019: $1,243,133Liabilities 2019: $83,917Net Assets 2019: $1,159,2162019Assets 2020: $1,392,642Liabilities 2020: $204,891Net Assets 2020: $1,187,7512020Assets 2021: $1,520,560Liabilities 2021: $248,043Net Assets 2021: $1,272,5172021Assets 2022: $1,852,479Liabilities 2022: -$10,326Net Assets 2022: $1,862,8052022Assets 2023: $2,038,631Liabilities 2023: $119,474Net Assets 2023: $1,919,1572023Assets 2024: $2,092,583Liabilities 2024: $167,597Net Assets 2024: $1,924,9862024

Highlighted filing

2019

Assets$1,243,133
Liabilities$83,917
Net Assets$1,159,216
Open 2019 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2017: $665,565Expenses 2017: $71,050Net Income 2017: $594,5152017Revenue 2018: $168,760Expenses 2018: $135,105Net Income 2018: $33,6552018Revenue 2019: $186,896Expenses 2019: $143,372Net Income 2019: $43,5242019Revenue 2020: $227,046Expenses 2020: $196,925Net Income 2020: $30,1212020Revenue 2021: $170,093Expenses 2021: $84,205Net Income 2021: $85,8882021Revenue 2022: $820,058Expenses 2022: $227,992Net Income 2022: $592,0662022Revenue 2023: $892,446Expenses 2023: $834,779Net Income 2023: $57,6672023Revenue 2024: $209,007Expenses 2024: $203,131Net Income 2024: $5,8762024

Highlighted filing

2019

Revenue$186,896
Expenses$143,372
Net Income$43,524
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 22, 2020
Return Version
2019v5.0
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAWREMCE M MAGDOVITZ IIPresident-$0--
BETHE ANN MACKDirector-$0--
NOUTH MAGDOVITZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lawrence M & Kerin C
EIN
47-2122518
Phone
9017370500
Address
1005 CORDOVA STATION AVENUE, CORDOVA, TN 38018

Signing Officer

Name
Lawrence M Magdovitz Ii
Title
President
Signed
2020-06-22
Discuss with paid preparer
Yes

Preparer

Firm
Hutchinson & Greenberg PC
Address
704 Hillcrest Dr Suite A, Tupelo, MS 38804
Preparer
David M Greenberg
Phone
6625662847
Raw XML Appendix330 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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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1MEMPHIS INNER CITY RUGBY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm2TENNESSEE WILDLIFE RESOURCE FOUNDAT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm3MS COUNCIL FOR FARM WORKER OPPORTUN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 172068
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt17536 OAK HAVEN TRACE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt25000 LINBAR DR STE 275
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt31536 DESOTO AVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1NASHVILLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2NASHVILLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3CLARKSDALE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3MS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd038187
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd137209
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd237211
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd338614
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt095800
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt057173
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt057173
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt013656
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt052283
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt038627
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt013656
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt095800
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt038627
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt052283
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt013656
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorNum12
IRS990ScheduleB/ContributorInformationGrp/ContributorNum23
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0VALLEY REALTY COMPANY
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1KERIN MOTORS INC
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm2MAGDOVITZ AGENCY INC
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0PO BOX 997
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt1PO BOX 997
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt2PO BOC 997
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0CLARKSDALE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1CLARKSDALE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm2CLARKSDALE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0MS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1MS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd2MS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd038614
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd138614
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd238614
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd2X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt022640
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt117638
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt222640
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherDecreasesSchedule/OtherDecreasesDetail/Amt02527
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0INVESTMENT INCOME TAX
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADVISOR FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Rental Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0567
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt132382
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0567
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt132382
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt0-19407
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0deferred revenue
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt083917
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE M MAGDOVITZ II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAWRENCE M & KERIN C
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MAGDOVITZ FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAWR
ReturnHeader/Filer/EIN0472122518
ReturnHeader/Filer/PhoneNum09017370500
ReturnHeader/Filer/USAddress/AddressLine1Txt01005 CORDOVA STATION AVENUE
ReturnHeader/Filer/USAddress/CityNm0CORDOVA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038018
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640809746
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hutchinson & Greenberg PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0704 Hillcrest Dr Suite A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tupelo
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038804
ReturnHeader/PreparerPersonGrp/PhoneNum06625662847
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M GREENBERG
ReturnHeader/ReturnTs02020-06-22T06:22:54-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,243,133
Liabilities
$83,917
Net assets
$1,159,216
Revenue
$186,896
Expenses
$143,372
Net income
$43,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.09$0.17$1.92$0.21$0.20$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.04$0.12$1.92$0.89$0.83$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.86$0.82$0.23$0.59
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.25$1.27$0.17$0.08$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.20$1.19$0.23$0.20$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.08$1.16$0.19$0.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.10$0.02$1.12$0.17$0.14$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.06$1.09$0.67$0.07$0.59