Civic Intelligence

Magna Charter Educational Foundation Inc

990EZ • Fiscal year 2018 • EIN 47-4907611

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

Organization ProfileN/A
2000 Presidential Way 806West Palm Beach, FL 33401

(561) 701-6922

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$1,500

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

59%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$21,358

Up $7,889 (+59%) from 2017

Net Assets

Up

$21,358

Up $7,889 (+59%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Up

$19,236

Up $7,236 (+60%) from 2017

Expenses

Up

$11,347

Up $150 (+1.3%) from 2017

Net Income

Up

$7,889

Up $7,086 (+882%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$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

2018

Assets$21,358
Liabilities$0
Net Assets$21,358
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$19,236
Expenses$11,347
Net Income$7,889
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$19,236
Mission and Program Overview

Mission

To provide funds for charter school operations

Program Services

DescriptionGrantsExpenses
FUNDS DISBURSED TO CHARTER SCHOOLS FOR ENRICHMENT PURPOSES$0$3,414
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HENRY DIGACINTOPresidentPT$1,500-$1,500
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
2019-05-09

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 2365.”

Form 990EZ, Part I, Line 16

“TRAVEL 1164.”

Form 990EZ, Part I, Line 16

“WIRELESS 448.”

Form 990EZ, Part I, Line 16

“TEXTBOOKS 749.”

Form 990EZ, Part I, Line 16

“MARKETING 571.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSES 861.”

Form 990EZ, Part I, Line 16

“FILING FEES 70.”

Form 990EZ, Part I, Line 16

“FOOD 213.”

Raw XML Appendix141 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/BOYAmt013469
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt021358
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt019236
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt07889
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04906
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt013469
IRS990EZ/Form990TotalAssetsGrp/EOYAmt021358
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt019236
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013469
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021358
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013469
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021358
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt01500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HENRY DIGACINTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06441
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/ProgramServiceExpensesAmt03414
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt011347
IRS990EZ/TotalProgramServiceExpensesAmt03414
IRS990EZ/TotalRevenueAmt019236
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt043236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt043236
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019236
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt043236
IRS990ScheduleA/TotalSupportAmt043236
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPLIES 2365.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRAVEL 1164.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WIRELESS 448.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TEXTBOOKS 749.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARKETING 571.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICE EXPENSES 861.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FILING FEES 70.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FOOD 213.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY DI GIACINTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05617016922
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D2D13D2B8229F65279E31DDE18D163ECB38DFFFD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D2D13D2B8229F65279E31DDE18D163ECB38DFFFD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.245.146.87
ReturnHeader/FilingSecurityInformation/IPDt02019-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:36:47
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/PreparationDt02019-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Escoffery
ReturnHeader/ReturnTs02019-05-10T13:36:53-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,358
Liabilities
$0
Net assets
$21,358
Revenue
$19,236
Expenses
$11,347
Net income
$7,889
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