Civic Intelligence

Magnus Foundation

990EZ • Fiscal year 2020 • EIN 83-3478471

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 25, 2021

Organization ProfileN/A
PO Box 249Kennett Square, PA 19348

(610) 416-9620

Siviq Scores

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

Liabilities / Assets

81st percentile

0.21x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.07x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

93rd percentile

198%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

808%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,731

Up $1,151 (+198%) from 2019

Net Assets

Up

$1,364

Up $1,284 (+1605%) from 2019

Liabilities

Down

$367

Down $133 (-27%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin74th percentile

Revenue

Up

$5,264

Up $4,684 (+808%) from 2019

Expenses

Up

$3,980

Up $3,480 (+696%) from 2019

Net Income

Up

$1,284

Up $1,204 (+1505%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$20K$15K$10K$5.0K$0Assets 2019: $580Liabilities 2019: $500Net Assets 2019: $802019Assets 2020: $1,731Liabilities 2020: $367Net Assets 2020: $1,3642020Assets 2021: $5,660Liabilities 2021: $0Net Assets 2021: $5,6602021Assets 2022: $13,680Liabilities 2022: $0Net Assets 2022: $13,6802022Assets 2023: $15,255Liabilities 2023: $0Net Assets 2023: $15,2552023Assets 2024: $12,115Net Assets 2024: $12,1152024

Highlighted filing

2020

Assets$1,731
Liabilities$367
Net Assets$1,364
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$15K$10K$5.0K$0-$5.0KRevenue 2019: $580Expenses 2019: $500Net Income 2019: $802019Revenue 2020: $5,264Expenses 2020: $3,980Net Income 2020: $1,2842020Revenue 2021: $8,298Expenses 2021: $3,675Net Income 2021: $4,6232021Revenue 2022: $12,289Expenses 2022: $4,269Net Income 2022: $8,0202022Revenue 2023: $7,030Expenses 2023: $5,455Net Income 2023: $1,5752023Revenue 2024: $4,468Expenses 2024: $7,608Net Income 2024: -$3,1402024

Highlighted filing

2020

Revenue$5,264
Expenses$3,980
Net Income$1,284
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 25, 2021
Return Version
2020v4.1
Gross Receipts
$5,264
Mission and Program Overview

Mission

The Magnus Foundation seeks to provide financial resources to board selected students and employees of Magnus Karate, LLC who aim to enchance their lives through higher education training of their

The Magnus Foundation seeks to provide advanced education tuition assistance to Magnus Karate students.

Program Services

DescriptionGrantsExpenses
This was the programs first year and was started in in December therefore nothing has been accomplished todate.$3,000$3,000
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer PannullaExecutive DirectorPT$0--
Peter BurchBoard PresidentPT$0--
John PatriarcaBoard SecretaryPT$0--
Jami McManusBoard TreasurerPT$0--
Paul RitchieBoard MemberPT$0--
Paul KazanjianBoard MemberPT$0--
Roberto OrtizBoard MemberPT$0--
Anne Marie D'AngeloBoard MemberPT$0--
David GayBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
The Magnus Foundation
EIN
83-3478471
Phone
6104169620
Address
PO Box 249, Kennett Square, PA 19348

Signing Officer

Name
Jennifer Pannulla
Title
Executive Director
Phone
6104169620
Signed
2021-04-25

Preparer

Firm
Christopher J Reilly
Address
324 Carriage Drive, Mt Royal, NJ 08061
Preparer
Christopher Reilly
Phone
6093046075
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Scholarships Awarded 3000.”

Form 990EZ, Part I, Line 16

“Insurance 522.”

Form 990EZ, Part I, Line 16

“Misc 108.”

Raw XML Appendix181 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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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt03630
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships Awarded 3000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance 522.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Misc 108.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Pannulla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06104169620
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Magnus Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0833478471
ReturnHeader/Filer/PhoneNum06104169620
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ReturnHeader/Filer/USAddress/CityNm0Kennett Square
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019348
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0324 Carriage Drive
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008061
ReturnHeader/PreparerPersonGrp/PhoneNum06093046075
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christopher Reilly
ReturnHeader/ReturnTs02021-05-15T05:00:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jennifer
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Pannulla
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,731
Liabilities
$367
Net assets
$1,364
Revenue
$5,264
Expenses
$3,980
Net income
$1,284
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$12.1$4.47$7.61$3.14
2023Detailed filing. Detailed filing data is available for this year.$15.3$0.00$15.3$7.03$5.46$1.58
2022Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$12.3$4.27$8.02
2021Detailed filing. Detailed filing data is available for this year.$5.66$0.00$5.66$8.30$3.68$4.62
2020Detailed filing. Detailed filing data is available for this year.$1.73$0.37$1.36$5.26$3.98$1.28
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.50$0.08$0.58$0.50$0.08