Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Asset Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Flat$0
Flat from 2022
Net Assets
Flat-$1,999
Flat from 2022
Liabilities
Flat$1,999
Flat from 2022
Revenue
Flat$0
Flat from 2022
Expenses
Down$0
Down $357 (-100%) from 2022
Net Income
Up$0
Up $357 (+100%) from 2022
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Matthew Atkinson | President |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $0 |
| Other Expenses | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“No review was or will be conducted.”
“Upon request the organization will provide a copy of the governing documents.”
“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.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1999 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1999 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MATTHEW J ATKINSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3858008570 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10113 DUNSINANE DR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SOUTH JORDAN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | UT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 84095 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 0 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 0 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 0 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | 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. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MATTHEW ATKINSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 1 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -1999 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1999 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -1999 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -1999 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | MATTHEW ATKINSON |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 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. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 357 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -357 |
| IRS990/PYTotalExpensesAmt | 0 | 357 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7500 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 7500 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7500 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7500 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UPON REQUEST THE ORGANIZATION WILL PROVIDE A COPY OF THE GOVERNING DOCUMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsEOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1999 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1999 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1999 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1999 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -1999 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1999 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 10113 DUNSINANE DR |
| IRS990/USAddress/CityNm | 0 | SOUT JORDAN |
| IRS990/USAddress/StateAbbreviationCd | 0 | UT |
| IRS990/USAddress/ZIPCd | 0 | 84095 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 1 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MATTHEW ATKINSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8016719367 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-09-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MAGNIFICENT 7 FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MAGN |
| ReturnHeader/Filer/EIN | 0 | 475461489 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3731 W SOUTH JORDAN PKW STE 102-505 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOUTH JORDAN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | UT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 84009 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 471447927 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | EQUITABLE ACCOUNTING SERVICES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 847 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SPANISH FORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | UT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 846605843 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8017985317 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-09-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LEE K ROBERTS CPA |
| ReturnHeader/ReturnTs | 0 | 2024-09-16T16:59:58-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.