Civic Intelligence

Mgm Animal Foundation

990 • Fiscal year 2020 • EIN 74-2946340

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2022

3017 SesbaniaAustin, TX 78748

(541) 525-3232

Siviq Scores

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

Liabilities / Assets

59th percentile

0.17x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,048,704

Down $149,737 (-12%) from 2019

Net Assets

Down

$872,996

Down $149,737 (-15%) from 2019

Liabilities

Flat

$175,708

Flat from 2019

Revenue

Down

$135,619

Down $206,514 (-60%) from 2019

Expenses

Down

$179,354

Down $12,994 (-6.8%) from 2019

Net Income

Down

-$43,735

Down $193,520 (-129%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $64,935Liabilities 2014: $0Net Assets 2014: $64,9352014Assets 2015: $91,787Liabilities 2015: $0Net Assets 2015: $91,7872015Assets 2016: $269,643Liabilities 2016: $1,426Net Assets 2016: $268,2172016Assets 2017: $504,430Liabilities 2017: $179,000Net Assets 2017: $325,4302017Assets 2018: $528,484Liabilities 2018: $180,790Net Assets 2018: $347,6942018Assets 2019: $1,198,441Liabilities 2019: $175,708Net Assets 2019: $1,022,7332019Assets 2020: $1,048,704Liabilities 2020: $175,708Net Assets 2020: $872,9962020Assets 2021: $918,718Liabilities 2021: $175,708Net Assets 2021: $743,0102021Assets 2022: $773,824Liabilities 2022: $180,629Net Assets 2022: $593,1952022Assets 2023: $648,092Liabilities 2023: $175,708Net Assets 2023: $472,3842023Assets 2024: $997,847Liabilities 2024: $281,315Net Assets 2024: $716,5322024

Highlighted filing

2020

Assets$1,048,704
Liabilities$175,708
Net Assets$872,996

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $86,239Expenses 2014: $21,304Net Income 2014: $64,9352014Revenue 2015: $98,610Expenses 2015: $71,758Net Income 2015: $26,8522015Revenue 2016: $349,468Expenses 2016: $173,038Net Income 2016: $176,4302016Revenue 2017: $372,486Expenses 2017: $315,273Net Income 2017: $57,2132017Revenue 2018: $496,026Expenses 2018: $504,508Net Income 2018: -$8,4822018Revenue 2019: $342,133Expenses 2019: $192,348Net Income 2019: $149,7852019Revenue 2020: $135,619Expenses 2020: $179,354Net Income 2020: -$43,7352020Revenue 2021: $18,851Expenses 2021: $148,833Net Income 2021: -$129,9822021Revenue 2022: $128,738Expenses 2022: $178,550Net Income 2022: -$49,8122022Revenue 2023: $6,999Expenses 2023: $127,810Net Income 2023: -$120,8112023Revenue 2024: $496,712Expenses 2024: $252,564Net Income 2024: $244,1482024

Highlighted filing

2020

Revenue$135,619
Expenses$179,354
Net Income-$43,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2022
Return Version
2020v4.0
Gross Receipts
$135,619
Mission and Program Overview

Mission

The primary purpose of the organization is to prevent cruelty to animals within the meaning of section 501(c)(3) of the internal revenue code. Activities include taking in and rehabilitating abandoned and unwanted domestic animals and placing them with individuals and families as pets.

The primary purpose of the organization is to prevent cruelty to animals. Activities include taking in and rehabilitating abandoned and unwanted domestic animals and placing them with individuals and families as pets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,022,733$872,996▼ $149,737
Accounts Receivable$556,000$450,000▼ $106,000
Land, Buildings, and Equipment, Net$501,267$439,462▼ $61,805
Loans From Officers Directors$175,708$175,708→ $0
Cash and Non-Interest-Bearing Accounts$141,174$159,242▲ $18,068
Total Assets$1,198,441$1,048,704▼ $149,737
Liabilities
Total Liabilities$175,708$175,708→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,022,733$872,996▼ $149,737
Total Liabilities and Net Assets / Fund Balance$1,198,441$1,048,704▼ $149,737

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$677,027-$677,027
Other Land Buildings$5,000-$5,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$135,619
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$135,619
Change in Net Assets
$-43,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,754
Grants and Similar Amounts Paid$600
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$81,279--$81,279
Insurance$13,521$13,522-$27,043
Advertising-$5,706-$5,706
Other Expenses$5,413$4,090-$4,090
All Other Expenses$559$2,317-$2,876
Fees for Services Accounting$1,377$1,378-$2,755
Travel$2,010--$2,010
Grants to Domestic Orgs$600--$600
Office Expenses$66$240-$306
Total Functional Expenses$152,101$27,253$0$179,354
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$175,708$175,708→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Page 6, Part VI, Line 11B

All board of directors are provided a copy of form 990 for review and correction prior to filing.

Form 990, Page 6, Part VI, Line 15A

Top management officials are unpaid, which is consistent with similar organizations.

Form 990, Page 6, Part VI, Line 15B

Officers and key employees are unpaid, which is consistent with similar organizations.

Form 990, Page 6, Part VI, Line 19

The organization provides copies of its governing documents, policies and financial statements upon written request at no charge.

Filing and Contact Details

Filer

Filer Name
Mgm Animal Foundation
EIN
74-2946340
Phone
5415253232
Address
3017 SESBANIA, AUSTIN, TX 78748

Signing Officer

Name
Michael G Mccarthy
Title
President
Phone
5126802242
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael G Mccarthy
Formed
2000
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Scalco Johnson Leahy & Dudek Cpas Pllc
Address
5900 SW PARKWAY BLDG 4 STE 420, AUSTIN, TX 78735
Preparer
Phillip Johnson
Phone
5123281094
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Organization is amending the 2020 return for the following items: to correct timing issues of receiving public donations from paypal and donor advised fund, and to correct schedule a part iii, the mgm animal foundation qualifies as a public supported organization. Form 990 part i line 8: contributions increased 31,224, from104,395 to 135,619. Line 12: total revenue increased 31,224, from 104,395 to 135,619. Line 17: other expenses decreased 1,950, from 180,704 to 178,754. Line 18: total expenses increased 1,950, from 181,304 to 179,354. Line 19: revenue less expenses increased 33,174, from -76,909 to - 43,735. Line 20: total assets decreased 75,984, from 1,124,688 to 1,048,704. Line 21: total liabilities decreased 3,156, from 178,864 to 175,708. Line 22: net assets decreased 72,828, from 945,824 to 872,996. Form 990 schedule a part iii totals added for section a. Public support and section b. Total support.

FORM 990 - ORGANIZATION'S MISSION

The primary purpose of the organization is to prevent cruelty to animals within the meaning of section 501(c)(3) of the internal revenue code. Activities include taking in and rehabilitating abandoned and unwanted domestic animals and placing them with individuals and families as pets.

Form 990, Part XI, Line 9

M-1 adjustment -106,000 rounding -2 total -106,002

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION IS AMENDING THE 2020 RETURN FOR THE FOLLOWING ITEMS: TO CORRECT TIMING ISSUES OF RECEIVING PUBLIC DONATIONS FROM PAYPAL AND DONOR ADVISED FUND, AND TO CORRECT SCHEDULE A PART III, THE MGM ANIMAL FOUNDATION QUALIFIES AS A PUBLIC SUPPORTED ORGANIZATION. FORM 990 PART I LINE 8: CONTRIBUTIONS INCREASED 31,224, FROM104,395 TO 135,619. LINE 12: TOTAL REVENUE INCREASED 31,224, FROM 104,395 TO 135,619. LINE 17: OTHER EXPENSES DECREASED 1,950, FROM 180,704 TO 178,754. LINE 18: TOTAL EXPENSES INCREASED 1,950, FROM 181,304 TO 179,354. LINE 19: REVENUE LESS EXPENSES INCREASED 33,174, FROM -76,909 TO - 43,735. LINE 20: TOTAL ASSETS DECREASED 75,984, FROM 1,124,688 TO 1,048,704. LINE 21: TOTAL LIABILITIES DECREASED 3,156, FROM 178,864 TO 175,708. LINE 22: NET ASSETS DECREASED 72,828, FROM 945,824 TO 872,996. FORM 990 SCHEDULE A PART III TOTALS ADDED FOR SECTION A. PUBLIC SUPPORT AND SECTION B. TOTAL SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PREVENT CRUELTY TO ANIMALS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACTIVITIES INCLUDE TAKING IN AND REHABILITATING ABANDONED AND UNWANTED DOMESTIC ANIMALS AND PLACING THEM WITH INDIVIDUALS AND FAMILIES AS PETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD OF DIRECTORS ARE PROVIDED A COPY OF FORM 990 FOR REVIEW AND CORRECTION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TOP MANAGEMENT OFFICIALS ARE UNPAID, WHICH IS CONSISTENT WITH SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND KEY EMPLOYEES ARE UNPAID, WHICH IS CONSISTENT WITH SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS UPON WRITTEN REQUEST AT NO CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6M-1 ADJUSTMENT -106,000 ROUNDING -2 TOTAL -106,002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL G MCCARTHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05126802242
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MGM ANIMAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MGMA
ReturnHeader/Filer/EIN0742946340
ReturnHeader/Filer/PhoneNum05415253232
ReturnHeader/Filer/USAddress/AddressLine1Txt03017 SESBANIA
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205910255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCALCO JOHNSON LEAHY & DUDEK CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05900 SW PARKWAY BLDG 4 STE 420
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078735
ReturnHeader/PreparerPersonGrp/PhoneNum05123281094
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILLIP JOHNSON
ReturnHeader/ReturnTs02022-11-15T16:27:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCARTHY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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