Civic Intelligence

Magna Charter Educational Foundation Inc

EIN 47-4907611 • 501(c)3 • West Palm Beach, FL

Revoked

Profile

To provide funds for charter school operations

Revocation date: May 15, 2025

2000 Presidential Way 806West Palm Beach, FL 33401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

22nd percentile

-23%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

39th percentile

-11%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

-8.2%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$12,411

Down $1,517 (-11%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$12,411

Down $1,517 (-11%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin22nd percentile

Revenue

Down

$6,581

Down $586 (-8.2%) from 2020

Expenses

Up

$8,098

Up $2,185 (+37%) from 2020

Net Income

Down

-$1,517

Down $2,771 (-221%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2016: $12,666Liabilities 2016: $02016Assets 2017: $13,469Liabilities 2017: $0Net Assets 2017: $13,4692017Assets 2018: $21,358Liabilities 2018: $0Net Assets 2018: $21,3582018Assets 2019: $12,674Liabilities 2019: $0Net Assets 2019: $12,6742019Assets 2020: $13,928Liabilities 2020: $0Net Assets 2020: $13,9282020Assets 2021: $12,411Liabilities 2021: $0Net Assets 2021: $12,4112021

Highlighted filing

2021

Assets$12,411
Liabilities$0
Net Assets$12,411
Open 2021 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$10K$0-$10KRevenue 2016: $14,500Expenses 2016: $1,833Net Income 2016: $12,6672016Revenue 2017: $12,000Expenses 2017: $11,197Net Income 2017: $8032017Revenue 2018: $19,236Expenses 2018: $11,347Net Income 2018: $7,8892018Revenue 2019: $7,266Expenses 2019: $15,950Net Income 2019: -$8,6842019Revenue 2020: $7,167Expenses 2020: $5,913Net Income 2020: $1,2542020Revenue 2021: $6,581Expenses 2021: $8,098Net Income 2021: -$1,5172021

Highlighted filing

2021

Revenue$6,581
Expenses$8,098
Net Income-$1,517
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,411
Liabilities
$0
Net assets
$12,411
Revenue
$6,581
Expenses
$8,098
Net income
-$1,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$6.58$8.10$1.52
2020Detailed filing. Detailed filing data is available for this year.$13.9$0.00$13.9$7.17$5.91$1.25
2019Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$7.27$16.0$8.68
2018Detailed filing. Detailed filing data is available for this year.$21.4$0.00$21.4$19.2$11.3$7.89
2017Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$12.0$11.2$0.80
2016Summary only. Only limited summary data is available for this year.$12.7$0.00$14.5$1.83$12.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 29, 2022
Return Version
2021v4.1
Gross Receipts
$6,581
Mission and Program Overview

Mission

To provide funds for charter school operations

Program Services

DescriptionGrantsExpenses
FUNDS DISBURSED TO CHARTER SCHOOLS FOR ENRICHMENT PURPOSES$0$301
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HENRY DIGACINTOPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Magna Charter Educational Foundation
EIN
47-4907611
Phone
5617016922
Address
2000 PRESIDENTIAL WAY 806, WEST PALM BEACH, FL 33401

Signing Officer

Name
Henry Di Giacinto
Title
President
Phone
5617016922
Signed
2022-08-29
Discuss with paid preparer
Yes

Preparer

Firm
Mark Escoffery Pa
Address
8645 N MILITARY TRAIL STE 503, PALM BEACH GARDENS, FL 33410
Preparer
Mark Escoffery
Phone
5616271404
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“SUPPLIES 1274.”

Form 990EZ, Part I, Line 16

“WIRELESS 3073.”

Form 990EZ, Part I, Line 16

“SCHOOL SUPPLIES”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSES 301.”

Form 990EZ, Part I, Line 16

“CABLE”

Form 990EZ, Part I, Line 16

“FOOD”

Raw XML Appendix151 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0HENRY DIGACINTO
IRS990EZ/BooksInCareOfDetail/PhoneNum05616294771
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02100 SOUTH PALM CIRCLE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NORTH PALM BEACH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033408
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013928
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012411
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt06580
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1517
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0575
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt013928
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012411
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt06581
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013928
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012411
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013928
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012411
IRS990EZ/OccupancyRentUtltsAndMaintAmt02875
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HENRY DIGACINTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04648
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE FUNDS FOR CHARTER SCHOOL OPERATIONS
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FUNDS DISBURSED TO CHARTER SCHOOLS FOR ENRICHMENT PURPOSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0301
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08098
IRS990EZ/TotalProgramServiceExpensesAmt0301
IRS990EZ/TotalRevenueAmt06581
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt019236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt052045
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0184
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0205
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99610
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99650
IRS990ScheduleA/PublicSupportTotal170Amt052045
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07147
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt019236
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt052045
IRS990ScheduleA/TotalSupportAmt052250
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPLIES 1274.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WIRELESS 3073.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCHOOL SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE EXPENSES 301.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOOD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY DI GIACINTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05617016922
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNA CHARTER EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0474907611
ReturnHeader/Filer/PhoneNum05617016922
ReturnHeader/Filer/USAddress/AddressLine1Txt02000 PRESIDENTIAL WAY 806
ReturnHeader/Filer/USAddress/CityNm0WEST PALM BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650069490
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK ESCOFFERY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08645 N MILITARY TRAIL STE 503
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALM BEACH GARDENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033410
ReturnHeader/PreparerPersonGrp/PhoneNum05616271404
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Escoffery
ReturnHeader/ReturnTs02022-10-24T12:42:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HENRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DI GIACINTO
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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