Civic Intelligence

Marketing & Advertising Global Network

EIN 87-0416929 • 501(c)6 • Pittsburgh, PA

Profile

Magnet's mission is to enable its independent members to become better advertising experts through interactive dissemination of new ideas, new procedures, new methods of practicing their trade.

226 Rostrevor PlacePittsburgh, PA 15202

www.magnetglobal.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.51x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.70x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$166,775

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 24.9% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

56%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$818,232

Up $92,640 (+13%) from 2022

Liabilities

Down

$438,625

Down $9,481 (-2.1%) from 2022

Net Assets

Up

$379,607

Up $102,121 (+37%) from 2022

Operations
Liabilities / Revenue94th percentileNet Margin65th percentile

Revenue

Up

$427,773

Up $13,954 (+3.4%) from 2022

Expenses

Up

$325,652

Up $26,216 (+8.8%) from 2022

Net Income

Down

$102,121

Down $12,262 (-11%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2010: $444,905Liabilities 2010: $512,609Net Assets 2010: -$67,7042010Assets 2011: $322,790Liabilities 2011: $304,341Net Assets 2011: $18,4492011Assets 2012: $304,509Liabilities 2012: $260,248Net Assets 2012: $44,2612012Assets 2013: $336,956Liabilities 2013: $276,240Net Assets 2013: $60,7162013Assets 2014: $410,405Liabilities 2014: $317,028Net Assets 2014: $93,3772014Assets 2015: $389,106Liabilities 2015: $274,187Net Assets 2015: $114,9192015Assets 2016: $415,314Liabilities 2016: $307,976Net Assets 2016: $107,3382016Assets 2017: $395,667Liabilities 2017: $300,582Net Assets 2017: $95,0852017Assets 2018: $393,630Liabilities 2018: $366,148Net Assets 2018: $27,4822018Assets 2019: $467,617Liabilities 2019: $415,692Net Assets 2019: $51,9252019Assets 2020: $430,521Liabilities 2020: $312,570Net Assets 2020: $117,9512020Assets 2021: $494,915Liabilities 2021: $331,812Net Assets 2021: $163,1032021Assets 2022: $725,592Liabilities 2022: $448,106Net Assets 2022: $277,4862022Assets 2023: $818,232Liabilities 2023: $438,625Net Assets 2023: $379,6072023

Highlighted filing

2023

Assets$818,232
Liabilities$438,625
Net Assets$379,607
Open 2023 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $291,6672010Revenue 2011: $324,745Expenses 2011: $238,592Net Income 2011: $86,1532011Expenses 2012: $267,1172012Revenue 2013: $285,526Expenses 2013: $269,071Net Income 2013: $16,4552013Revenue 2014: $302,316Expenses 2014: $269,655Net Income 2014: $32,6612014Revenue 2015: $327,041Expenses 2015: $305,499Net Income 2015: $21,5422015Revenue 2016: $307,169Expenses 2016: $314,750Net Income 2016: -$7,5812016Revenue 2017: $322,652Expenses 2017: $334,905Net Income 2017: -$12,2532017Revenue 2018: $312,596Expenses 2018: $380,199Net Income 2018: -$67,6032018Revenue 2019: $319,748Expenses 2019: $295,305Net Income 2019: $24,4432019Revenue 2020: $348,292Expenses 2020: $282,266Net Income 2020: $66,0262020Revenue 2021: $324,428Expenses 2021: $279,276Net Income 2021: $45,1522021Revenue 2022: $413,819Expenses 2022: $299,436Net Income 2022: $114,3832022Revenue 2023: $427,773Expenses 2023: $325,652Net Income 2023: $102,1212023

Highlighted filing

2023

Revenue$427,773
Expenses$325,652
Net Income$102,121
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$818,232
Liabilities
$438,625
Net assets
$379,607
Revenue
$427,773
Expenses
$325,652
Net income
$102,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.18$4.39$3.80$4.28$3.26$1.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.26$4.48$2.77$4.14$2.99$1.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$3.32$1.63$3.24$2.79$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$3.13$1.18$3.48$2.82$0.66
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$4.16$0.52$3.20$2.95$0.24
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$3.66$0.27$3.13$3.80$0.68
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$3.01$0.95$3.23$3.35$0.12
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$3.08$1.07$3.07$3.15$0.08
2015Summary only. Only limited summary data is available for this year.$3.89$2.74$1.15$3.27$3.05$0.22
2014Detailed filing. Detailed filing data is available for this year.$4.10$3.17$0.93$3.02$2.70$0.33
2013Summary only. Only limited summary data is available for this year.$3.37$2.76$0.61$2.86$2.69$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$2.60$0.44$2.67
2011Summary only. Only limited summary data is available for this year.$3.23$3.04$0.18$3.25$2.39$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$5.13$0.68$2.92
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 6, 2023
Return Version
2022v4.1
Gross Receipts
$413,819
Mission and Program Overview

Mission

Magnets mission is to enable its independent members to become better advertising experts through interactive dissemination of new ideas, new procedures, and new methods of practicing their trades.

Primary purpose of this organization is to raise the standards of advertising agency service through cooperative discussion and mutual exchange of information and ideas and to better inform the general public of new marketing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$228,500$360,887▲ $132,387
Accounts Receivable$266,259$353,073▲ $86,814
Rtn Earn Endowment Incm Other Fnds$163,103$277,486▲ $114,383
Prepaid Expenses and Deferred Charges$156$11,632▲ $11,476
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$494,915$725,592▲ $230,677
Liabilities
Deferred Revenue$299,146$370,834▲ $71,688
Accounts Payable and Accrued Expenses$32,666$77,272▲ $44,606
Total Liabilities$331,812$448,106▲ $116,294
Net Assets / Fund Balance
Total Net Assets Fund Balance$163,103$277,486▲ $114,383
Total Liabilities and Net Assets / Fund Balance$494,915$725,592▲ $230,677

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$3,864$3,864
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa LentzCEOPT$135,000$16,034$151,034
Melissa KingDirector of OperationsFT$65,000-$65,000

Board Members and Trustees

NameTitle
Chris SchermerChairman
Bram Van DammeDirector
Chris JohnsonDirector
Federico Soto RolandDirector
Jeff MccurryDirector
Josh OkunDirector
Josh PerlsteinDirector
Rhonda RiesDirector
Rob HeiserDirector
Sam LittlefieldDirector
Scott ForemanDirector
Scott MorganDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$413,815
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$123,853
Change in Net Assets
$114,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$229,539
Other Expenses$69,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$224,328
Fees for Services Accounting---$16,550
All Other Expenses---$8,554
Travel---$6,399
Information Technology---$5,730
Other Expenses---$5,300
Other Employee Benefits---$5,211
Occupancy---$3,600
Insurance---$2,473
Office Expenses---$26
Total Functional Expenses$0$0$0$299,436
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Chris schermer, chairman schermer 12 north 12th street, suite 400 minneapolis, minnesota 55403 bram van damme, director group van damme legweg 165 b-8020 oostkamp, belgium jeff mccurry, director st. John & partners 1301 riverplace blvd. Suite 200 jacksonville, fl 32207 scott morgan, director brunner 11 stanwix street, 5th floor pittsburgh, pa 15222 rhonda ries, director osp 914 spruce street st. Louis, missouri 63102 federico soto roland, director nsb cramer 4825 buenos aires, argentina 1429 josh okun, director 9thwonder 1201 san jacinto street #267 houston, tx 77002 sam littlefield, director littlefield agency 1350 south boulder avenue, suite 500 tulsa, oklahoma 74119 josh perlstein, director response media 3155 medlock bridge road atlanta, ga 30071 chris johnson, director lane terralever 645 east missouri avenue, suite 400 phoenix, arizona 85012 rob heiser, director wiredviews 2020 front street cuyahoga falls, oh 44221 scott foreman, director copacino fujikado 1425 4th ave suite 700 seattle, wa 98101 melissa lentz, ceo 226 rostrevor place pittsburgh, pa 15202”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policies, and financial statements are maintained in the management office. They are available for review to the general public by request.”

Filing and Contact Details

Filer

Filer Name
Marketing & Advertising Global Network
EIN
87-0416929
Phone
4124802060
Address
226 ROSTREVOR PLACE, PITTSBURGH, PA 15202
Doing Business As
Magnet Inc

Signing Officer

Name
Scott Foreman
Title
Current Chairman
Phone
4124802060
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Foreman
Formed
2000
Legal Domicile
Ut
Voting Board Members
41
Independent Board Members
38
Employees
2
Volunteers
0

Preparer

Firm
Henry Rossi & Co Llp
Address
50 SECO ROAD SUITE A, MONROEVILLE, PA 15146
Preparer
Timothy Schneider CPA
Phone
4128564880
Raw XML Appendix384 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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IRS990/MissionDesc0MAGNET'S MISSION IS TO ENABLE ITS INDEPENDENT MEMBERS TO BECOME BETTER ADVERTISING EXPERTS THROUGH INTERACTIVE DISSEMINATION OF NEW IDEAS, NEW PROCEDURES, NEW METHODS OF PRACTICING THEIR TRADE.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0277486
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt03600
IRS990/OfficeExpensesGrp/TotalAmt026
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IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt05211
IRS990/OtherExpensesGrp/Desc0BANK / CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc1PROGRAMS/SURVEYS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3MARKETING / PR
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IRS990/OtherExpensesGrp/TotalAmt17139
IRS990/OtherExpensesGrp/TotalAmt26000
IRS990/OtherExpensesGrp/TotalAmt35300
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMIT EDUCATING MEMBERS AROUND EVOLVING CLIENT MINDSET, OPERATIONAL EFFECTIVENESS, AND INDUSTRY INNOVATION.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELISSA LENTZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRIS SCHERMER, CHAIRMAN SCHERMER 12 NORTH 12TH STREET, SUITE 400 MINNEAPOLIS, MINNESOTA 55403 BRAM VAN DAMME, DIRECTOR GROUP VAN DAMME LEGWEG 165 B-8020 OOSTKAMP, BELGIUM JEFF MCCURRY, DIRECTOR ST. JOHN & PARTNERS 1301 RIVERPLACE BLVD. SUITE 200 JACKSONVILLE, FL 32207 SCOTT MORGAN, DIRECTOR BRUNNER 11 STANWIX STREET, 5TH FLOOR PITTSBURGH, PA 15222 RHONDA RIES, DIRECTOR OSP 914 SPRUCE STREET ST. LOUIS, MISSOURI 63102 FEDERICO SOTO ROLAND, DIRECTOR NSB CRAMER 4825 BUENOS AIRES, ARGENTINA 1429 JOSH OKUN, DIRECTOR 9THWONDER 1201 SAN JACINTO STREET #267 HOUSTON, TX 77002 SAM LITTLEFIELD, DIRECTOR LITTLEFIELD AGENCY 1350 SOUTH BOULDER AVENUE, SUITE 500 TULSA, OKLAHOMA 74119 JOSH PERLSTEIN, DIRECTOR RESPONSE MEDIA 3155 MEDLOCK BRIDGE ROAD ATLANTA, GA 30071 CHRIS JOHNSON, DIRECTOR LANE TERRALEVER 645 EAST MISSOURI AVENUE, SUITE 400 PHOENIX, ARIZONA 85012 ROB HEISER, DIRECTOR WIREDVIEWS 2020 FRONT STREET CUYAHOGA FALLS, OH 44221 SCOTT FOREMAN, DIRECTOR COPACINO FUJIKADO 1425 4TH AVE SUITE 700 SEATTLE, WA 98101 MELISSA LENTZ, CEO 226 ROSTREVOR PLACE PITTSBURGH, PA 15202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE MANAGEMENT OFFICE. THEY ARE AVAILABLE FOR REVIEW TO THE GENERAL PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToProxyTaxInd01
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IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TravelGrp/TotalAmt06399
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0226 ROSTREVOR PLACE
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015202
IRS990/VotingMembersGoverningBodyCnt041
IRS990/VotingMembersIndependentCnt038
IRS990/WebsiteAddressTxt0WWW.MAGNETGLOBAL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT FOREMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04124802060
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARKETING & ADVERTISING GLOBAL NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0MARK
ReturnHeader/Filer/EIN0870416929
ReturnHeader/Filer/PhoneNum04124802060
ReturnHeader/Filer/USAddress/AddressLine1Txt0226 ROSTREVOR PLACE
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015202
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251698043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENRY ROSSI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 SECO ROAD SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015146
ReturnHeader/PreparerPersonGrp/PhoneNum04128564880
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY SCHNEIDER CPA
ReturnHeader/ReturnTs02023-02-15T11:38:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FOREMAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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