Civic Intelligence

Magnifi Financial Foundation

EIN 61-1690771 • Melrose, MN

20 4th Ave SEMelrose, MN 56352
Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

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

$500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.00x

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

$500k-$1M nonprofits • Source year 2024

Net Margin

95th percentile

74%

Higher net margin than 95% of similar nonprofits.

$500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

$500k-$1M nonprofits • Source year 2024

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

60%

Faster revenue growth than 82% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$797,427

Up $117,014 (+17%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$797,427

Up $117,014 (+17%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin95th percentile

Revenue

Up

$158,444

Up $59,720 (+60%) from 2023

Expenses

Up

$41,430

Up $13,689 (+49%) from 2023

Net Income

Up

$117,014

Up $46,031 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$800K$600K$400K$200K$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $112,037Liabilities 2014: $02014Assets 2015: $173,883Liabilities 2015: $0Net Assets 2015: $173,8832015Assets 2016: $236,981Liabilities 2016: $0Net Assets 2016: $236,9812016Assets 2017: $301,152Liabilities 2017: $0Net Assets 2017: $301,1522017Assets 2018: $364,227Liabilities 2018: $0Net Assets 2018: $364,2272018Assets 2019: $430,162Liabilities 2019: $0Net Assets 2019: $430,1622019Assets 2020: $488,241Liabilities 2020: $0Net Assets 2020: $488,2412020Assets 2021: $546,339Liabilities 2021: $0Net Assets 2021: $546,3392021Assets 2022: $609,430Liabilities 2022: $0Net Assets 2022: $609,4302022Assets 2023: $680,413Liabilities 2023: $0Net Assets 2023: $680,4132023Assets 2024: $797,427Liabilities 2024: $0Net Assets 2024: $797,4272024

Highlighted filing

2024

Assets$797,427
Liabilities$0
Net Assets$797,427
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$200K$150K$100K$50K$0Revenue 2013: $1Expenses 2013: $0Net Income 2013: $12013Revenue 2014: $112,243Expenses 2014: $206Net Income 2014: $112,0372014Revenue 2015: $67,812Expenses 2015: $5,966Net Income 2015: $61,8462015Revenue 2016: $70,682Expenses 2016: $7,584Net Income 2016: $63,0982016Revenue 2017: $71,170Expenses 2017: $6,999Net Income 2017: $64,1712017Revenue 2018: $73,109Expenses 2018: $10,033Net Income 2018: $63,0762018Revenue 2019: $81,373Expenses 2019: $15,438Net Income 2019: $65,9352019Revenue 2020: $79,401Expenses 2020: $21,322Net Income 2020: $58,0792020Revenue 2021: $78,851Expenses 2021: $20,753Net Income 2021: $58,0982021Revenue 2022: $87,623Expenses 2022: $24,532Net Income 2022: $63,0912022Revenue 2023: $98,724Expenses 2023: $27,741Net Income 2023: $70,9832023Revenue 2024: $158,444Expenses 2024: $41,430Net Income 2024: $117,0142024

Highlighted filing

2024

Revenue$158,444
Expenses$41,430
Net Income$117,014
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$797,427
Liabilities
$0
Net assets
$797,427
Revenue
$158,444
Expenses
$41,430
Net income
$117,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.97$0.00$7.97$1.58$0.41$1.17
2023Detailed filing. Detailed filing data is available for this year.$6.80$0.00$6.80$0.99$0.28$0.71
2022Detailed filing. Detailed filing data is available for this year.$6.09$0.00$6.09$0.88$0.25$0.63
2021Detailed filing. Detailed filing data is available for this year.$5.46$0.00$5.46$0.79$0.21$0.58
2020Detailed filing. Detailed filing data is available for this year.$4.88$0.00$4.88$0.79$0.21$0.58
2019Detailed filing. Detailed filing data is available for this year.$4.30$0.00$4.30$0.81$0.15$0.66
2018Detailed filing. Detailed filing data is available for this year.$3.64$0.00$3.64$0.73$0.10$0.63
2017Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$0.71$0.07$0.64
2016Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.71$0.08$0.63
2015Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.68$0.06$0.62
2014Summary only. Only limited summary data is available for this year.$1.12$0.00$1.12$0.00$1.12
2013Summary only. Only limited summary data is available for this year.$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
2024v5.2
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES B FRIEDERICHSPresident-$0--
COREY SANDDirector-$0--
JANELLE BORGMANNTreasurer-$0--
GARY MEYERSecretary-$0--
NANCY L ROSKEVice President-$0--
Filing and Contact Details

Filer

Filer Name
Magnifi Financial Foundation
EIN
61-1690771
Phone
3202563669
Address
20 4TH AVE SE, MELROSE, MN 56352

Signing Officer

Name
Janelle Borgmann
Title
Treasurer
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Christianson Pllp
Address
302 5TH ST SW, WILLMAR, MN 56201
Preparer
Dan Borgmann
Phone
3203525231
Raw XML Appendix279 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.

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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1400 RAILROAD AVE PO BOX 370
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2222 SE 2ND ST PO BOX 30
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt36100 38TH ST S
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt43000 XENIUM LANE N
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Melrose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1ALBANY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2WADENA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3FARGO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm4PLYMOUTH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3ND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd4MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd056378
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd156307
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd256482
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd358104
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd455441
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt030000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/OrganizationBusinessName/BusinessNameLine1Txt0MAGNIFI FINANCIAL CU
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/OrganizationTypeDesc0501(c)(14)
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/RelationshipDescriptionTxt0COMMON CONTROL
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0true
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0true
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TransferScheduleDetail/InvolvedAmt00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TransferScheduleDetail/LineNumberTxt01c
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TransferScheduleDetail/NoncharitableExemptOrgName/BusinessNameLine1Txt0MAGNIFI FINL CREDIT UNION
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TransferScheduleDetail/TransfersTransAndShrArrngmDesc0THE FOUNDATION IS CURRENTLY SUPPORTED BY MAGNIFI FINANCIAL CREDIT UNION EMPLOYEES. THE SERVICES INVOLVED ARE MINIMAL.
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0727
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt029273
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt034218
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt030000
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt033491
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt029273
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0MAGNIFI FINANCIAL CREDIT UNION
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt020 4TH AVE SE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0MELROSE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0MN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd056352
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt085271
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0SOFTWARE MAINT- CLOUD SERVICES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Special Event Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt03394
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt17183
TaxesSchedule/TaxesDetail/Amt0158
TaxesSchedule/TaxesDetail/CategoryTxt0TAXES
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANELLE BORGMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNIFI FINANCIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0611690771
ReturnHeader/Filer/PhoneNum03202563669
ReturnHeader/Filer/USAddress/AddressLine1Txt020 4TH AVE SE
ReturnHeader/Filer/USAddress/CityNm0MELROSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056352
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411781145
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTIANSON PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 5TH ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056201
ReturnHeader/PreparerPersonGrp/PhoneNum03203525231
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan Borgmann
ReturnHeader/ReturnTs02025-11-13T15:56:48-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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