Civic Intelligence

Magnus Foundation

990EZ • Fiscal year 2024 • EIN 83-3478471

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 22, 2025

Organization Profilemagnusfoundation.org
PO Box 214Pocopson, PA 19366

(610) 416-9620

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$12,115

Down $3,140 (-21%) from 2023

Net Assets

Down

$12,115

Down $3,140 (-21%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

Down

$4,468

Down $2,562 (-36%) from 2023

Expenses

Up

$7,608

Up $2,153 (+39%) from 2023

Net Income

Down

-$3,140

Down $4,715 (-299%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$12,115
Liabilities-
Net Assets$12,115
Open 2024 Filing

Operations Trend

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

2024

Revenue$4,468
Expenses$7,608
Net Income-$3,140
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.1
Gross Receipts
$4,468
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

Program Services

DescriptionGrantsExpenses
Higher Education scholarships & karate tuition scholarships.$6,000$6,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer PannullaExecutive DirectorPT$0--
Peter BurchBoard TreasurerPT$0--
John PatriarcaBoard Vice PresidentPT$0--
Paul RitchieBoard MemberPT$0--
David GayBoard PresidentPT$0--
Alan PendleburyBoard SecretaryPT$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
2025-04-22

Preparer

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

Additional Explanations

Form 990EZ, Part I, Line 16

“Insurance 970.”

Form 990EZ, Part I, Line 16

“PO Box 72.”

Form 990EZ, Part I, Line 16

“Web Domain 216.”

Form 990EZ, Part I, Line 16

“Ted Newell Scholarship 6000.”

Raw XML Appendix168 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/OfficerDirectorTrusteeEmplGrp/PersonNm1Peter Burch
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Gay
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Alan Pendlebury
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Secretary
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt07258
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IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Higher Education scholarships & karate tuition scholarships.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt06000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06000
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalExpensesAmt07608
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance 970.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PO Box 72.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Web Domain 216.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Ted Newell Scholarship 6000.
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
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Pannulla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06104169620
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-22
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christopher Reilly
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-30T09:35:03-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$12,115
Liabilities
-
Net assets
$12,115
Revenue
$4,468
Expenses
$7,608
Net income
-$3,140
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