Civic Intelligence

Magnolia Holding Company

990 • Fiscal year 2017 • EIN 76-0611545

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2018

Organization ProfileN/A
2200 Market Street Suite 500Galveston, TX 77550

(409) 762-8666

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

44th percentile

0.0%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$279,939

Higher top officer pay than 66% of similar nonprofits.

2017 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2017

Asset Growth

56th percentile

-0.0%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

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

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$11,662,230

Down $3,760 (-0.0%) from 2016

Net Assets

Flat

$11,622,806

Flat from 2016

Liabilities

Down

$39,424

Down $3,760 (-8.7%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin44th percentile

Revenue

Up

-$732,637

Up $307,039 (+30%) from 2016

Expenses

Up

-$732,637

Up $307,039 (+30%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$15M$10M$5.0M$0Assets 2011: $5,806,811Liabilities 2011: $43,455Net Assets 2011: $5,763,3562011Assets 2012: $5,763,887Liabilities 2012: $531Net Assets 2012: $5,763,3562012Assets 2013: $9,629,372Liabilities 2013: $6,566Net Assets 2013: $9,622,8062013Assets 2014: $9,664,078Liabilities 2014: $41,272Net Assets 2014: $9,622,8062014Assets 2015: $12,589,228Liabilities 2015: $966,422Net Assets 2015: $11,622,8062015Assets 2016: $11,665,990Liabilities 2016: $43,184Net Assets 2016: $11,622,8062016Assets 2017: $11,662,230Liabilities 2017: $39,424Net Assets 2017: $11,622,8062017Assets 2018: $11,622,806Liabilities 2018: $0Net Assets 2018: $11,622,8062018Assets 2019: $11,638,952Liabilities 2019: $16,146Net Assets 2019: $11,622,8062019Assets 2020: $11,623,110Liabilities 2020: $304Net Assets 2020: $11,622,8062020Assets 2021: $12,025,606Liabilities 2021: $2,800Net Assets 2021: $12,022,8062021Assets 2022: $12,767,252Liabilities 2022: $44,446Net Assets 2022: $12,722,8062022Assets 2023: $13,516,950Liabilities 2023: $14,144Net Assets 2023: $13,502,8062023Assets 2024: $13,509,181Liabilities 2024: $6,375Net Assets 2024: $13,502,8062024

Highlighted filing

2017

Assets$11,662,230
Liabilities$39,424
Net Assets$11,622,806
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$0-$500K-$1.0M-$1.5MRevenue 2011: -$508,684Expenses 2011: -$508,684Net Income 2011: $02011Revenue 2012: -$351,971Expenses 2012: -$351,971Net Income 2012: $02012Revenue 2013: -$584,655Expenses 2013: -$584,655Net Income 2013: $02013Revenue 2014: -$384,464Expenses 2014: -$384,464Net Income 2014: $02014Revenue 2015: -$417,983Expenses 2015: -$417,983Net Income 2015: $02015Revenue 2016: -$1,039,676Expenses 2016: -$1,039,676Net Income 2016: $02016Revenue 2017: -$732,637Expenses 2017: -$732,637Net Income 2017: $02017Revenue 2018: -$727,745Expenses 2018: -$727,745Net Income 2018: $02018Revenue 2019: -$603,373Expenses 2019: -$603,373Net Income 2019: $02019Revenue 2020: -$648,069Expenses 2020: -$648,069Net Income 2020: $02020Revenue 2021: -$656,493Expenses 2021: -$656,493Net Income 2021: $02021Revenue 2022: -$568,091Expenses 2022: -$568,091Net Income 2022: $02022Revenue 2023: -$1,071,083Expenses 2023: -$1,071,083Net Income 2023: $02023Revenue 2024: -$547,883Expenses 2024: -$547,883Net Income 2024: $02024

Highlighted filing

2017

Revenue-$732,637
Expenses-$732,637
Net Income$0
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2018
Return Version
2017v2.3
Gross Receipts
$573
Mission and Program Overview

Mission

Holding title to property, collecting the income therefrom, and turning over the entire amount less expenses to the sealy & smith foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$11,622,806$11,622,806→ $0
Land, Buildings, and Equipment, Net$10,045,550$9,935,715▼ $109,835
Savings and Temporary Cash Investments$814,015$615,292▼ $198,723
Total Assets$11,665,990$11,662,230▼ $3,760
Other Assets Total$806,425$1,111,223▲ $304,798
Liabilities
Accounts Payable and Accrued Expenses$43,184$39,424▼ $3,760
Total Liabilities$43,184$39,424▼ $3,760
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,622,806$11,622,806→ $0
Total Liabilities and Net Assets / Fund Balance$11,665,990$11,662,230▼ $3,760

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,883,428$6,842,044$8,725,472
Land$8,052,287-$8,052,287
Other Assets Org$269,459--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleOtherTotal
Douglas G RogersExec Dir/sec$279,939$279,939
James S JobeAsst Sec/tre$156,068$156,068
Ej PedersonDirector$48,000$48,000
J Fellman SeinsheimerVice-pres/di$48,000$48,000
James B GalbraithDirector$48,000$48,000
John EckelDirector$48,000$48,000
John W KelsoPresident/di$48,000$48,000
Michael C DohertyDirector$48,000$48,000
George SealyExec Vice-pr$36,000$36,000

Board Members and Trustees

NameTitle
James S JobeAsst Sec/treasurer
Douglas G RogersExec Dir/sec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$573
Other Revenue
$-733,210
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Other Expenses$-732,637

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$-732,637
Total Functional Expenses$0$0$0$-732,637
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“Copies of the form 990 are furnished to the board of directors for review prior to being filed.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed annually during the january board of directors meeting and a written acknowledgement is completed by each director.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon reasonable written request.”

Filing and Contact Details

Filer

Filer Name
Magnolia Holding Company
EIN
76-0611545
Phone
4097628666
Address
2200 MARKET STREET SUITE 500, GALVESTON, TX 77550

Signing Officer

Name
Douglas G Rogers
Title
Exec Dir/sec/treas
Phone
4097628666
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas G Rogers
Formed
1999
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Head Maxwell & Mckenna Pc
Address
2200 MARKET ST SUITE 401, GALVESTON, TX 77550
Preparer
Harry D Maxwell Jr
Phone
4097636479
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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/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY DURING THE JANUARY BOARD OF DIRECTORS MEETING AND A WRITTEN ACKNOWLEDGEMENT IS COMPLETED BY EACH DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REASONABLE WRITTEN REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WAVERLEY HOLDING COMPANY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TITLE HLDG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TITLE HLDG
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02200 MARKET STREET SUITE 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12200 MARKET STREET SUITE 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22200 MARKET STREET SUITE 500
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd277550
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0430128
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE SEALY & SMITH FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011665990
IRS990/TotalAssetsEOYAmt011662230
IRS990/TotalAssetsGrp/BOYAmt011665990
IRS990/TotalAssetsGrp/EOYAmt011662230
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0-732637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043184
IRS990/TotalLiabilitiesEOYAmt039424
IRS990/TotalLiabilitiesGrp/BOYAmt043184
IRS990/TotalLiabilitiesGrp/EOYAmt039424
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IRS990/TotalOtherCompensationAmt057571
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-732637
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011662230
IRS990/TotReportableCompRltdOrgAmt0702436
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS G ROGERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIR/SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum04097628666
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA HOLDING COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0760611545
ReturnHeader/Filer/PhoneNum04097628666
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 MARKET STREET SUITE 500
ReturnHeader/Filer/USAddress/CityNm0GALVESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077550
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0896A2B4B7BD8490B3E0292DE8904CB184E77C909
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0896A2B4B7BD8490B3E0292DE8904CB184E77C909
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.148.247.65
ReturnHeader/FilingSecurityInformation/IPDt02018-07-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:23:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760354302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEAD MAXWELL & MCKENNA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 MARKET ST SUITE 401
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GALVESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077550
ReturnHeader/PreparerPersonGrp/PhoneNum04097636479
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HARRY D MAXWELL JR
ReturnHeader/ReturnTs02018-07-18T15:23:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,662,230
Liabilities
$39,424
Net assets
$11,622,806
Revenue
-$732,637
Expenses
-$732,637
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.01$13.5$0.55$0.55$0.00
2023Detailed filing. Detailed filing data is available for this year.$13.5$0.01$13.5$1.07$1.07$0.00
2022Detailed filing. Detailed filing data is available for this year.$12.8$0.04$12.7$0.57$0.57$0.00
2021Detailed filing. Detailed filing data is available for this year.$12.0$0.00$12.0$0.66$0.66$0.00
2020Detailed filing. Detailed filing data is available for this year.$11.6$0.00$11.6$0.65$0.65$0.00
2019Detailed filing. Detailed filing data is available for this year.$11.6$0.02$11.6$0.60$0.60$0.00
2018Detailed filing. Detailed filing data is available for this year.$11.6$0.00$11.6$0.73$0.73$0.00
2017Detailed filing. Detailed filing data is available for this year.$11.7$0.04$11.6$0.73$0.73$0.00
2016Detailed filing. Detailed filing data is available for this year.$11.7$0.04$11.6$1.04$1.04$0.00
2015Detailed filing. Detailed filing data is available for this year.$12.6$0.97$11.6$0.42$0.42$0.00
2014Summary only. Only limited summary data is available for this year.$9.66$0.04$9.62$0.38$0.38$0.00
2013Summary only. Only limited summary data is available for this year.$9.63$0.01$9.62$0.58$0.58$0.00
2012Summary only. Only limited summary data is available for this year.$5.76$0.00$5.76$0.35$0.35$0.00
2011Summary only. Only limited summary data is available for this year.$5.81$0.04$5.76$0.51$0.51$0.00