Civic Intelligence

Magnet Hccn

990 • Fiscal year 2022 • EIN 87-4656639

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 23, 2023

Organization ProfileN/A
17280 Highway 17Lexington, MS 39095

(601) 353-5423

Siviq Scores

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

Liabilities / Assets

99th percentile

2.51x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.70x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

$202,931

No earlier filing loaded for comparison.

Net Assets

-$306,593

No earlier filing loaded for comparison.

Liabilities

$509,524

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin9th percentile

Revenue

$725,000

No earlier filing loaded for comparison.

Expenses

$1,031,593

No earlier filing loaded for comparison.

Net Income

-$306,593

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.

$1.0M$500K$0-$500KAssets 2022: $202,931Liabilities 2022: $509,524Net Assets 2022: -$306,5932022Assets 2023: $574,364Liabilities 2023: $880,956Net Assets 2023: -$306,5922023Assets 2024: $207,207Liabilities 2024: $513,799Net Assets 2024: -$306,5922024

Highlighted filing

2022

Assets$202,931
Liabilities$509,524
Net Assets-$306,593
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2022: $725,000Expenses 2022: $1,031,593Net Income 2022: -$306,5932022Revenue 2023: $2,354,220Expenses 2023: $2,354,220Net Income 2023: $02023Revenue 2024: $1,871,889Expenses 2024: $1,871,889Net Income 2024: $02024

Highlighted filing

2022

Revenue$725,000
Expenses$1,031,593
Net Income-$306,593
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 23, 2023
Return Version
2022v5.0
Gross Receipts
$725,000
Mission and Program Overview

Mission

Exclusively religious, charitable, scientific, literary or educational purposes, including for such purposes the making of distributions to organizations that qualify as exempt organizations under Section 501 (c) 3 of the Internal Revenue Code of 1986.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$201,119-
Total Assets$0$202,931▲ $202,931
Other Assets Total-$1,812-
Liabilities
Grants Payable-$509,424-
Accounts Payable and Accrued Expenses-$100-
Total Liabilities$0$509,524▲ $509,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-306,593-
Total Net Assets Fund Balance$0$-306,593▼ $306,593
Total Liabilities and Net Assets / Fund Balance$0$202,931▲ $202,931
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Dr Rozell ChapmanPresident
Janice RobinsonVice-President
Wilber JonesMember
Dr Jasmine ChapmanSecretary
Aurelia Jones-TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$725,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-306,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,000,000
Other Expenses$23,069
Salaries, Compensation, and Employee Benefits$8,524
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,000,000--$1,000,000
Fees for Services Management$22,000$0$0$22,000
Other Salaries and Wages$0$8,524$0$8,524
Fees for Services Accounting$0$800$0$800
Office Expenses$0$269$0$269
Total Functional Expenses$1,022,000$9,593$0$1,031,593
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aaron E Henry Comm Health ServicesClarksdale, MS-Sub-grant$200,000
Dr Arenia C Mallory Comm Health CtrLexington, MS-Sub-grant$200,000
Greater Meridian Health CenterMeridian, MS-Sub-grant$200,000
Jackson-Hinds Comprehensive Health CenterJackson, MS-Sub-grant$200,000
Southeast MS Rural Health CenterHattiesburg, MS-Sub-grant$200,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
MAGnet HCCN
EIN
87-4656639
Phone
6013535423
Address
17280 Highway 17, Lexington, MS 39095

Signing Officer

Name
Dr Rozell Chapman
Title
President
Phone
6013535423
Signed
2023-08-23

Organization Details

Principal Officer
Dr Rozell Chapman
Formed
2022
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brown Ewing & Co PA
Address
308 Highland Park Cove, Ridgeland, MS 39157
Preparer
David Ewing Jr
Phone
6013535423
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

“Pension and other cmpensation if any is approved by the governing board.”

Pt VI, Line 11B

“The Completed form 990 is reviwed by the board along with members of management.”

Pt VI, Line 12C

“The organization periodicaly monitors and enforces complainc by meeting with staff personnel and enforcing the importance of adhering to and complying with the orgnization's policy.”

Pt VI, Line 15B

“The officers and key employee salary if any is approved by the governing board.”

Pt VI, Line 19

“The Organization's conflict of interest policy and financial statements are available to the public upon request.”

Raw XML Appendix351 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Sub-grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Sub-grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Jackson-Hinds Comprehensive Health Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Greater Meridian Health Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Aaron E Henry Comm Health Services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Dr Arenia C Mallory Comm Health Ctr
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Southeast MS Rural Health Center
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12701 Davis Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2510 Highway 322
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt317280 Highway 17 South
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt45488 U S 49
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Jackson
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Meridian
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Clarksdale
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3FMV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Pension and other cmpensation if any is approved by the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Completed form 990 is reviwed by the board along with members of management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization periodicaly monitors and enforces complainc by meeting with staff personnel and enforcing the importance of adhering to and complying with the orgnization's policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The officers and key employee salary if any is approved by the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization's conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/AddressLine1Txt017280 Highway 17
IRS990/USAddress/CityNm0Lexington
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IRS990/USAddress/ZIPCd039095
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Dr Rozell Chapman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06013535423
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGnet HCCN
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0874656639
ReturnHeader/Filer/PhoneNum06013535423
ReturnHeader/Filer/USAddress/AddressLine1Txt017280 Highway 17
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039095
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640669040
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brown Ewing & Co PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0308 Highland Park Cove
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ridgeland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06013535423
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Ewing Jr
ReturnHeader/ReturnTs02023-08-23T13:32:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Dr Rozell
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Chapman
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$202,931
Liabilities
$509,524
Net assets
-$306,593
Revenue
$725,000
Expenses
$1,031,593
Net income
-$306,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.51$0.31$1.87$1.87$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.88$0.31$2.35$2.35$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.51$0.31$0.73$1.03$0.31