Civic Intelligence

Magnus Foundation

990EZ • Fiscal year 2021 • EIN 83-3478471

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 01, 2022

Organization Profilemagnusfoundation.org
PO Box 214Pocopson, PA 19366

(610) 416-9620

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

89th percentile

56%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

95th percentile

227%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

58%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$5,660

Up $3,929 (+227%) from 2020

Net Assets

Up

$5,660

Up $4,296 (+315%) from 2020

Liabilities

Down

$0

Down $367 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Up

$8,298

Up $3,034 (+58%) from 2020

Expenses

Down

$3,675

Down $305 (-7.7%) from 2020

Net Income

Up

$4,623

Up $3,339 (+260%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2021

Assets$5,660
Liabilities$0
Net Assets$5,660
Open 2021 Filing

Operations Trend

Revenue Growth77th 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

2021

Revenue$8,298
Expenses$3,675
Net Income$4,623
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 1, 2022
Return Version
2021v4.1
Gross Receipts
$8,298
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 financial resources to board selected students and employees of Magnus Karate, LLC who aim to enchance their lives through higher education training of their choice. The Foundation seeks to provide martial arts training and its many related benefits to those local communities that would normally not have access to such training.

Program Services

DescriptionGrantsExpenses
One shcholarship was awarded this year.$2,000$2,000
Compensation and Service Providers
Top Officer Pay77th 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--
David GayBoard Vice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
The Magnus Foundation
EIN
83-3478471
Phone
6104169620
Address
PO Box 214, Pocopson, PA 19366

Signing Officer

Name
Jennifer Pannulla
Title
Executive Director
Phone
6104169620
Signed
2022-04-01

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 2000.”

Form 990EZ, Part I, Line 16

“Insurance 984.”

Form 990EZ, Part I, Line 16

“PO Box 76.”

Form 990EZ, Part I, Line 16

“Web Domain 253.”

Form 990EZ, Part I, Line 16

“Bank Fees 12.”

Form 990EZ, Part I, Line 16

“Accounting Fee 350.”

Raw XML Appendix185 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/BooksInCareOfDetail/USAddress/CityNm0Kennet Square
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019348
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jennifer Pannulla
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Peter Burch
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2John Patriarca
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jami McManus
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Paul Ritchie
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Paul Kazanjian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Roberto Ortiz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7David Gay
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Board Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-327
IRS990EZ/OtherExpensesTotalAmt03675
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The 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 choice. The Foundation seeks to provide martial arts training and its many related benefits to those local communities that would normally not have access to such training.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0One shcholarship was awarded this year.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0PA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0367
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt03675
IRS990EZ/TotalProgramServiceExpensesAmt02000
IRS990EZ/TotalRevenueAmt08298
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://magnusfoundation.org/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt08298
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt014032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt014032
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014032
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships Awarded 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance 984.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PO Box 76.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Web Domain 253.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Fees 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounting Fee 350.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Pannulla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06104169620
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Magnus Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0833478471
ReturnHeader/Filer/PhoneNum06104169620
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 214
ReturnHeader/Filer/USAddress/CityNm0Pocopson
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019366
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTOPHER J REILLY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0324 Carriage Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mt Royal
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008061
ReturnHeader/PreparerPersonGrp/PhoneNum06093046075
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christopher Reilly
ReturnHeader/ReturnTs02022-04-18T20:40:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jennifer
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Pannulla
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,660
Liabilities
$0
Net assets
$5,660
Revenue
$8,298
Expenses
$3,675
Net income
$4,623
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