Civic Intelligence

Lawrence M & Kerin C Magdovitz Foundation

990PF • Fiscal year 2020 • EIN 47-2122518

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 19, 2021

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

67th percentile

0.15x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.90x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

21%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,392,642

Up $149,509 (+12%) from 2019

Net Assets

Up

$1,187,751

Up $28,535 (+2.5%) from 2019

Liabilities

Up

$204,891

Up $120,974 (+144%) from 2019

Revenue

Up

$227,046

Up $40,150 (+21%) from 2019

Expenses

Up

$196,925

Up $53,553 (+37%) from 2019

Net Income

Down

$30,121

Down $13,403 (-31%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$1,392,642
Liabilities$204,891
Net Assets$1,187,751

Operations Trend

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

2020

Revenue$227,046
Expenses$196,925
Net Income$30,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 19, 2021
Return Version
2020v4.0
Compensation and Service Providers

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
2021-08-19
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 Appendix370 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/GrantOrContributionPurposeTxt7TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt3GOV
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt4PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt5PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt6PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt7PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0INSTITUTE OF REAL ESTATE MANAGEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1FIRST STEP RECOVERY CENTERS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm2MIDSOUTH FOOD BANK
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm3SHELBY COUNTY SCHOOLS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm4W TN STATE GUARD ASSN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm5WREG
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm6YMCA OF OLYMPIA WA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm7PIONEER MISSIONS GLOBAL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 172068
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt11950 MADISON AVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt23865 S PERKINS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt3160 S HOLLYWOOD 324
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt44332 KENILWOOD DR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt5803 CHANNEL 3 DR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt61530 YELM HWY SE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt72574 CHRISTMASVILLE CV
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm4NASHVILLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm5MEMPHIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm6OLYMPIA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm7JACKSON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd4TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd5TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd6WA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd7TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd038187
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd138104
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd238118
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd338112
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd437204
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd538103
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd698501
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd738305
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0147150
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/AppliedToCurrentYearAmt065488
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt065488
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt038627
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt013656
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0133945
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt081662
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt038627
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt013656
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0147150
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt081662
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0133945
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt052283
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/TotalContributionsAmt033000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt133000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt234000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherDecreasesSchedule/OtherDecreasesDetail/Amt01586
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0INVESTMENT INCOME TAX
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADVISOR FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Rental Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0684
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt134468
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0684
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt134468
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt083917
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0deferred revenue
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt0204891
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE M MAGDOVITZ II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-19
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/ReturnTs02021-08-19T07:11:25-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAWRENCE M MAGDOVITZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0II
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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