Civic Intelligence

Magic City Harvest Inc

990 • Fiscal year 2015 • EIN 58-2060122

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 11, 2016

1321 19th Street SouthBirmingham, AL 35205

(205) 591-3663

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.06x

Higher debt load relative to assets than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-9.0%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

1026%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$98,600

Down $9,743 (-9.0%) from 2014

Net Assets

Down

$92,890

Down $15,338 (-14%) from 2014

Liabilities

Up

$5,710

Up $5,595 (+4865%) from 2014

Revenue

Up

$2,130,104

Up $1,940,868 (+1026%) from 2014

Expenses

Up

$2,188,670

Up $1,961,555 (+864%) from 2014

Net Income

Down

-$58,566

Down $20,687 (-55%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $236,462Liabilities 2010: $0Net Assets 2010: $236,4622010Assets 2011: $191,044Liabilities 2011: $115Net Assets 2011: $190,9292011Assets 2012: $151,629Liabilities 2012: $115Net Assets 2012: $151,5142012Assets 2013: $146,671Liabilities 2013: $115Net Assets 2013: $146,5562013Assets 2014: $108,343Liabilities 2014: $115Net Assets 2014: $108,2282014Assets 2015: $98,600Liabilities 2015: $5,710Net Assets 2015: $92,8902015Assets 2016: $4,302,011Liabilities 2016: $4,265,698Net Assets 2016: $36,3132016Assets 2017: $4,285,702Liabilities 2017: $4,254,763Net Assets 2017: $30,9392017Assets 2018: $4,310,059Liabilities 2018: $4,255,846Net Assets 2018: $54,2132018Assets 2019: $4,170,571Liabilities 2019: $4,255,846Net Assets 2019: -$85,2752019Assets 2020: $4,329,457Liabilities 2020: $4,280,068Net Assets 2020: $49,3892020Assets 2021: $4,449,707Liabilities 2021: $4,251,214Net Assets 2021: $198,4932021Assets 2022: $4,479,499Liabilities 2022: $4,317,317Net Assets 2022: $162,1822022Assets 2023: $292,590Liabilities 2023: $53,485Net Assets 2023: $239,1052023Assets 2024: $252,404Liabilities 2024: $41,702Net Assets 2024: $210,7022024

Highlighted filing

2015

Assets$98,600
Liabilities$5,710
Net Assets$92,890

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $251,1862010Expenses 2011: $251,9212011Expenses 2012: $250,8062012Revenue 2013: $235,695Expenses 2013: $240,655Net Income 2013: -$4,9602013Revenue 2014: $189,236Expenses 2014: $227,115Net Income 2014: -$37,8792014Revenue 2015: $2,130,104Expenses 2015: $2,188,670Net Income 2015: -$58,5662015Revenue 2016: $1,529,892Expenses 2016: $1,586,469Net Income 2016: -$56,5772016Revenue 2017: $932,987Expenses 2017: $938,361Net Income 2017: -$5,3742017Revenue 2018: $698,235Expenses 2018: $674,961Net Income 2018: $23,2742018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $999,126Expenses 2020: $981,084Net Income 2020: $18,0422020Revenue 2021: $932,030Expenses 2021: $782,926Net Income 2021: $149,1042021Revenue 2022: $1,181,057Expenses 2022: $1,216,933Net Income 2022: -$35,8762022Revenue 2023: $1,596,442Expenses 2023: $1,519,519Net Income 2023: $76,9232023Revenue 2024: $1,545,072Expenses 2024: $1,573,475Net Income 2024: -$28,4032024

Highlighted filing

2015

Revenue$2,130,104
Expenses$2,188,670
Net Income-$58,566
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 11, 2016
Return Version
2015v2.1
Gross Receipts
$2,139,187
Mission and Program Overview

Mission

To alleviate food insecurity, malnutrition and food waste in the community. Recover perishable food and produce and deliver to agencies with feeding programs for those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,312$58,628▼ $41,684
Land, Buildings, and Equipment, Net$5,230$39,972▲ $34,742
Other Notes and Loans Receivable, Net$2,800$0▼ $2,800
Total Assets$108,342$98,600▼ $9,742
Liabilities
Other Liabilities$0$3,570▲ $3,570
Accounts Payable and Accrued Expenses$115$2,140▲ $2,025
Total Liabilities$115$5,710▲ $5,595
Net Assets / Fund Balance
Unrestricted Net Assets$108,227$92,890▼ $15,337
Total Net Assets Fund Balance$108,227$92,890▼ $15,337
Total Liabilities and Net Assets / Fund Balance$108,342$98,600▼ $9,742

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,972$116,003-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Trip SummersellChair
James HowellVice Chair
Barbara LummisDirector
Brenna PowellDirector
Brian CashDirector
Carlye DudgeonDirector
Cindy BembryDirector
Jen JacksonDirector
Louis NequetteDirector
Madrene RobertsDirector
Rich YokeleyDirector
Tell AlessioDirector
Zach PeaglerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,124,992
Program Service Revenue
$0
Investment Income
$85
Other Revenue
$5,027
All Other Contributions
$2,066,841
Change in Net Assets
$-58,566

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1,154,260$1,962,242Average Wholesale Va
Total Noncash Contributions1,154,260$1,962,242-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,139,187
Revenue Not Reported on Financial Statements
$-9,083
Revenue Not Reported on Form 990
$-1
Other Revenue Adjustments
$-9,083
Total Revenue per Audited Statements
$2,139,186
Total Revenue per Form 990
$2,130,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,058,567
Salaries, Compensation, and Employee Benefits$130,103
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,093$13,010-$130,103
Occupancy$12,890$1,432-$14,322
Depreciation Depletion$10,005$1,112-$11,117
Insurance$5,309$590-$5,899
All Other Expenses$4,358$484-$4,842
Other Expenses$3,844$427-$4,271
Fees for Services Accounting$3,624$403-$4,027
Total Functional Expenses$2,166,028$22,642$0$2,188,670

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,197,755
Expenses per Audited Statements$2,197,753
Total Expenses per Form 990$2,188,670
Expenses Not Reported on Form 990$2
Expenses Not Reported on Financial Statements$-9,083
Other Expense Adjustments$-9,083
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,083
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Feeds Birmingham$40,970---
Empty Bowls Fundraiser$17,181-$9,083-
Total Events$58,151-$9,083$-9,083
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$3,570
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Executive committee and executive director review return prior to filing with irs at board meeting.

Form 990, Part VI, Section B, Line 12C

Review policy at annual board meeting. Discussion and individual consent of board members.

Form 990, Part VI, Section B, Line 15

Review similar positions in the market and review of qualifications.

Form 990, Part VI, Section C, Line 19

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Magic City Harvest Inc
EIN
58-2060122
Phone
2055913663
Address
1321 19TH STREET SOUTH, BIRMINGHAM, AL 35205

Signing Officer

Name
David Arias
Title
Executive Director
Phone
2055913663
Signed
2016-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Arias
Formed
1995
Legal Domicile
Al
Voting Board Members
13
Independent Board Members
13
Employees
6
Volunteers
0

Preparer

Firm
Borland Benefield
Address
2101 HIGHLAND AVE SUITE 500, BIRMINGHAM, AL 35205
Preparer
Jeff Chandler CPA
Phone
2058027212
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -3.

FORM 990, PART XII, LINE 1:

In previous years, the organization prepared its financial statements using the modified cash basis of accounting, which is a basis of accounting other than generally accepted accounting principles in the united states. In 2015, the organization adopted generally accepted accounting principles in the united states as the basis for its financial statements.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process nor its selection process during the year.

Financial Statement Notes

PART X, LINE 2:

Income taxes - the organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Unrelated business income, of which the organization had none for the years ended december 31, 2015, would be subject to federal income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes. Magic city harvest, inc. Has no uncertain tax positions that qualify for disclosure in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING -1.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -9,083.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING 2.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -9,083.

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IRS990/Desc0SINCE 1995, MAGIC CITY HARVEST HAS BEEN RECOVERING FOOD TO ALLEVIATE FOOD INSECURITY AND FOOD WASTE IN JEFFERSON, SHELBY, AND TALLADEGA COUNTIES. SINCE THEN, OVER 15,000,000 POUNDS OF FOOD HAVE BEEN PICKED UP AND REDISTRIBUTED. IN 2015, MAGIC CITY HARVEST REDISTRIBUTED APPROXIMATELY 1,154,260 POUNDS OF RECOVERED FOOD. IT IS DIFFICULT TO DEFINE THE NUMBER OF PEOPLE SERVED DURING THE YEAR. SOME OF THE AGENCIES AND SHELTERS THAT MAGIC CITY HARVEST DELIVERS TO FEED 20-40 PEOPLE PER DAY WHILE OTHERS FEED 120-150 PER DAY DEPENDING ON THE TIME OF YEAR AND WEATHER CONDITIONS.ALTHOUGH THE FOCUS IS PRIMARILY ON RECOVERY OF DONATED PERISHABLE FOOD, MAGIC CITY HARVEST IS COMMITTED AND INVOLVED IN MULTIPLE COLLABORITIVE INITIATIVES WHICH ARE ADDRESSING THE CHALLENGES AND BARRIERS TO AREA RESIDENTS ACCESSING SUFFICIENT, NUTRITIOUS FOOD.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9083
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01962242
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01432
IRS990/OccupancyGrp/ProgramServicesAmt012890
IRS990/OccupancyGrp/TotalAmt014322
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3
IRS990/OtherExpensesGrp/Desc0IN-KIND EXPENSE - FOOD
IRS990/OtherExpensesGrp/Desc1VEHICLE EXPENSES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04013
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2427
IRS990/OtherExpensesGrp/ProgramServicesAmt01962242
IRS990/OtherExpensesGrp/ProgramServicesAmt136120
IRS990/OtherExpensesGrp/ProgramServicesAmt210543
IRS990/OtherExpensesGrp/ProgramServicesAmt33844
IRS990/OtherExpensesGrp/TotalAmt01962242
IRS990/OtherExpensesGrp/TotalAmt140133
IRS990/OtherExpensesGrp/TotalAmt211714
IRS990/OtherExpensesGrp/TotalAmt34271
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt03570
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013471
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013471
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1639
IRS990/OtherRevenueTotalAmt014110
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013010
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0117093
IRS990/OtherSalariesAndWagesGrp/TotalAmt0130103
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02800
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID ARIAS
IRS990/PriorPeriodAdjustmentsAmt043232
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0189071
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0165
IRS990/PYOtherExpensesAmt099639
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-37879
IRS990/PYSalariesCompEmpBnftPaidAmt0127476
IRS990/PYTotalExpensesAmt0227115
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0189236
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-58566
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0154599
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0138699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0224336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0211140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0205792
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0934566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt085
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0269
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0251
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0596
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0269
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0251
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0596
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01366
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt0934566
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0138699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0224336
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0211140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0205792
IRS990ScheduleA/Total509Grp/TotalAmt0934566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0154684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0224605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0211391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0206388
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0935932
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt039972
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116003
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0155975
IRS990ScheduleD/ExpensesNotReportedAmt02
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-9083
IRS990ScheduleD/ExpensesSubtotalAmt02197753
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt02
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-9083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherRevenueAmt0-1
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-9083
IRS990ScheduleD/RevenueNotReportedAmt0-1
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-9083
IRS990ScheduleD/RevenueSubtotalAmt02139187
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES - THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME, OF WHICH THE ORGANIZATION HAD NONE FOR THE YEARS ENDED DECEMBER 31, 2015, WOULD BE SUBJECT TO FEDERAL INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. MAGIC CITY HARVEST, INC. HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING -1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES -9,083.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES -9,083.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039972
IRS990ScheduleD/TotalExpensesPerForm990Amt02188670
IRS990ScheduleD/TotalLiabilityAmt03570
IRS990ScheduleD/TotalRevenuePerForm990Amt02130104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02139186
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02197755
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt058151
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt017181
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt040970
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09083
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EMPTY BOWLS FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FEEDS BIRMINGHAM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017181
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt040970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt058151
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9083
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09083
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09083
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01154260
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PERISHABLE FOOD
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0AVERAGE WHOLESALE VA
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt01962242
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMMITTEE AND EXECUTIVE DIRECTOR REVIEW RETURN PRIOR TO FILING WITH IRS AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW POLICY AT ANNUAL BOARD MEETING. DISCUSSION AND INDIVIDUAL CONSENT OF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW SIMILAR POSITIONS IN THE MARKET AND REVIEW OF QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN PREVIOUS YEARS, THE ORGANIZATION PREPARED ITS FINANCIAL STATEMENTS USING THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES. IN 2015, THE ORGANIZATION ADOPTED GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES AS THE BASIS FOR ITS FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.04$0.21$1.55$1.57$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$1.60$1.52$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.48$4.32$0.16$1.18$1.22$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$4.25$0.20$0.93$0.78$0.15
2020Detailed filing. Detailed filing data is available for this year.$4.33$4.28$0.05$1.00$0.98$0.02
2019Detailed filing. Detailed filing data is available for this year.$4.17$4.26$0.09$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.31$4.26$0.05$0.70$0.67$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.29$4.25$0.03$0.93$0.94$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.30$4.27$0.04$1.53$1.59$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$2.13$2.19$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.19$0.23$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.24$0.24$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.25