Civic Intelligence

Magnolia Impact Solutions

990EZ • Fiscal year 2023 • EIN 87-2155518

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 10, 2024

Organization ProfileMagnoliaimpact.org
1500 Chestnut St STE 2 1161Philadelphia, PA 19102

(609) 805-2240

Siviq Scores

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

Liabilities / Assets

90th percentile

0.68x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Net Margin

20th percentile

-16%

Higher net margin than 20% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$14,800

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

$50,492

No earlier filing loaded for comparison.

Net Assets

$16,222

No earlier filing loaded for comparison.

Liabilities

$34,270

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin20th percentile

Revenue

$78,091

No earlier filing loaded for comparison.

Expenses

$90,618

No earlier filing loaded for comparison.

Net Income

-$12,527

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2023: $50,492Liabilities 2023: $34,270Net Assets 2023: $16,2222023Assets 2024: $41,184Liabilities 2024: $813Net Assets 2024: $40,3712024

Highlighted filing

2023

Assets$50,492
Liabilities$34,270
Net Assets$16,222
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2023: $78,091Expenses 2023: $90,618Net Income 2023: -$12,5272023Revenue 2024: $143,470Expenses 2024: $119,321Net Income 2024: $24,1492024

Highlighted filing

2023

Revenue$78,091
Expenses$90,618
Net Income-$12,527
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 10, 2024
Return Version
2023v5.1
Gross Receipts
$78,091
Mission and Program Overview

Mission

see sch o

Program Services

DescriptionGrantsExpenses
Building a coalition of partners committed to using the power of data to radically and continuously enhance our efforts to improve the financial health of all people, particularly people of color and women.--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vibhat NairCEOPT$14,800-$14,800
Steve WannerBoard Member-$0--
James WoodsBoard Member-$0--
Anastasiya GhoshBoard Member-$0--
John ThompsonBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Magnolia Impact Solutions
EIN
87-2155518
Phone
6098052240
Address
1500 Chestnut St STE 2 1161, Philadelphia, PA 19102

Signing Officer

Name
Vibhat Nair
Title
CEO
Phone
6098052240
Signed
2024-07-10
Discuss with paid preparer
Yes

Preparer

Firm
Andrew Benvenuti CPA
Address
PO Box 626, Manahawkin, NJ 08050
Preparer
Andrew Benvenuti
Phone
6098052240
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Travel 147”

Form 990-EZ, Part I, Line 16, Other Expenses

“Meals and entertainment 607”

Form 990-EZ, Part I, Line 16, Other Expenses

“Fundraising 168”

Form 990-EZ, Part I, Line 16, Other Expenses

“Insurance 563”

Form 990-EZ, Part I, Line 16, Other Expenses

“Legal Fees 2,533”

Form 990-EZ, Part I, Line 16, Other Expenses

“Office Expenses 2,248”

Form 990-EZ, Part I, Line 16, Other Expenses

“Vehicle 47”

Form 990-EZ, Part I, Line 16, Other Expenses

“Computer Software 2,855”

Form 990-EZ, Part II, Line 26, Liabilities

“Accounts Payable Beginning of year 0, End of year 34,270”

Form 990-EZ, Part III, Section statement of programs, Line 1

“The Organization is committed to using the power of data to radically and continuously enhance and to improve the financial health of all people in America, particularly people of color and women.”

Raw XML Appendix157 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/CityNm0Philadelphia
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Vibhat Nair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Steve Wanner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2James Woods
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Anastasiya Ghosh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4John Thompson
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09168
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0PA
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt034270
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt090618
IRS990EZ/TotalRevenueAmt078091
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0Magnoliaimpact.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt077310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt077310
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt077310
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt077310
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt077310
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel 147
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meals and entertainment 607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fundraising 168
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance 563
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Legal Fees 2,533
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office Expenses 2,248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Vehicle 47
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Computer Software 2,855
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Payable Beginning of year 0, End of year 34,270
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The Organization is committed to using the power of data to radically and continuously enhance and to improve the financial health of all people in America, particularly people of color and women.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
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ReturnHeader/Filer/PhoneNum06098052240
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 626
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-07-10T05:17:52-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Vibhat
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Nair
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,492
Liabilities
$34,270
Net assets
$16,222
Revenue
$78,091
Expenses
$90,618
Net income
-$12,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$1.43$1.19$0.24
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.34$0.16$0.78$0.91$0.13