Civic Intelligence

Magnificent 7 Foundation Inc

EIN 47-5461489 • 501(c)3 • South Jordan, UT

Profile

The magnificent 7 is inspired by a movie from the 1970's about assisting those less fortunate in times of needs. With the influence of more than 7 individuals, you are able to make a difference in those lives to overcame many challenges. The purpose of the magnificent 7 foundation is to assist those with hunger, housing and training needs in the local community.

3731 W South Jordan Pkw Ste 102-505South Jordan, UT 84009
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2023

Liabilities

Flat

$1,999

Flat from 2023

Net Assets

Flat

-$1,999

Flat from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15K$10K$5.0K$0-$5.0KAssets 2014: $1Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $14,145Liabilities 2017: $2,412Net Assets 2017: $11,7332017Assets 2018: $9,218Liabilities 2018: $0Net Assets 2018: $9,2182018Assets 2019: $672Liabilities 2019: $1,999Net Assets 2019: -$1,3272019Assets 2020: $172Liabilities 2020: $1,999Net Assets 2020: -$1,8272020Assets 2021: $357Liabilities 2021: $1,999Net Assets 2021: -$1,6422021Assets 2022: $0Liabilities 2022: $1,999Net Assets 2022: -$1,9992022Assets 2023: $0Liabilities 2023: $1,999Net Assets 2023: -$1,9992023Assets 2024: $0Liabilities 2024: $1,999Net Assets 2024: -$1,9992024

Highlighted filing

2024

Assets$0
Liabilities$1,999
Net Assets-$1,999
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30K$20K$10K$0-$10KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $895Expenses 2016: $895Net Income 2016: $02016Revenue 2017: $22,401Expenses 2017: $9,773Net Income 2017: $12,6282017Revenue 2018: $23,706Expenses 2018: $3,533Net Income 2018: $20,1732018Revenue 2019: $120Expenses 2019: $4,165Net Income 2019: -$4,0452019Revenue 2020: $0Expenses 2020: $500Net Income 2020: -$5002020Revenue 2021: $1,000Expenses 2021: $815Net Income 2021: $1852021Revenue 2022: $0Expenses 2022: $357Net Income 2022: -$3572022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$1,999
Net assets
-$1,999
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$2.00$2.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$2.00$2.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$2.00$2.00$0.00$0.36$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.36$2.00$1.64$1.00$0.82$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.17$2.00$1.83$0.00$0.50$0.50
2019Detailed filing. Detailed filing data is available for this year.$0.67$2.00$1.33$0.12$4.17$4.05
2018Detailed filing. Detailed filing data is available for this year.$9.22$0.00$9.22$23.7$3.53$20.2
2017Detailed filing. Detailed filing data is available for this year.$14.1$2.41$11.7$22.4$9.77$12.6
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.90$0.90$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The magnificent 7 is inspired by a movie from the 1970's about assisting those less fortunate in times of needs. With the influence of more than 7 individuals, you are able to make a difference in those lives to overcame many challenges. The purpose of the magnificent 7 foundation is to assist those with hunger, housing and training needs in the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,999$1,999→ $0
Total Liabilities$1,999$1,999→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,999$-1,999→ $0
Total Net Assets Fund Balance$-1,999$-1,999→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Matthew AtkinsonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Upon request the organization will provide a copy of the governing documents.”

Filing and Contact Details

Filer

Filer Name
Magnificent 7 Foundation Inc
EIN
47-5461489
Address
3731 W SOUTH JORDAN PKW STE 102-505, SOUTH JORDAN, UT 84009

Signing Officer

Name
Matthew Atkinson
Title
President
Phone
8016719367
Signed
2025-05-15

Organization Details

Principal Officer
Matthew Atkinson
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Equitable Accounting Services LLC
Address
PO BOX 847, SPANISH FORK, UT 84660-5843
Preparer
Lee K Roberts CPA
Phone
8017985317
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The magnificent 7 is inspired by a movie from the 1970's about assisting those less fortunate in times of needs. With the influence of more than 7 individuals, you are able to make a difference in those lives to overcame many challenges. The purpose of the magnificent 7 foundation is to assist those with hunger, housing and training needs in the local community.”

Form 990, Page 2, Part III, Line 4D

“The magnificent 7 is inspired by a movie from the 1970's about assisting those less fortunate in times of needs. With the influence of more than 7 individuals, you are able to make a difference in those lives to overcame many challenges. The purpose of the magnificent 7 foundation is to assist those with hunger, housing and training needs in the local community.”

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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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