Magis Institute
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Irvine, CA
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 54-2075888
Organization Overview
Magis Institute is located in Irvine, CA. The organization was established in 2003. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Magis Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magis Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Magis Institute generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RELIGIOUS RETREATS, BREAKFAST MEETINGS AND OTHER SEMINARS TO VARIOUS PEOPLE WITH AN INTEREST IN BUSINESS ADMINISTRATION FOR THE PRIMARY PURPOSE OF WORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Jacoby Recording Secretary | Officer | 40 | $118,520 |
Timothy R Busch Chairman | OfficerTrustee | 5 | $0 |
Steve Cameron Vice Chairman | OfficerTrustee | 1 | $0 |
Joseph Columbus Director | OfficerTrustee | 1 | $0 |
John Ford Director/treasurer | OfficerTrustee | 5 | $0 |
Grace Dill Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mko Consulting Inc | 12/30/19 | $150,000 |
Rj Miller Inc | 12/30/19 | $180,921 |
Seroton Global Llc | 12/30/19 | $113,300 |
Robert Alderman | 12/30/19 | $103,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,008,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,008,099 |
| Total Program Service Revenue | $55,891 |
| Investment income | $2,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,066,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $457,073 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,059 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,935 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,731 |
| Travel | $22,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297 |
| Insurance | $4,543 |
| All other expenses | $65,230 |
| Total functional expenses | $1,447,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,034,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,867 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,086,286 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,086,286 |
| Total liabilities and net assets/fund balances | $1,086,286 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Magis Institute has recieved totaling $133,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $74,500 |
Napa Institute Support Foundation Irvine, CA PURPOSE: PROGRAM SUPPORT | $52,000 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizonas Catholic Tuition Support Organization Tucson, AZ | $20,396,361 | $14,356,229 |
Society Of St Vincent De Paul Portland Council Portland, OR | $7,120,799 | $9,690,362 |
Catholic Church Support Services Pleasanton, CA | $7,328,575 | $9,194,065 |
Catholic Answers Inc El Cajon, CA | $3,788,520 | $8,950,189 |
Catholic Community Foundation Of Santa Clara County San Jose, CA | $151,557,808 | $21,591,960 |
Equipnet Alamo, CA | $871,313 | $6,154,256 |
Roman Catholic Communications Corporation Of The Bay Area Menlo Park, CA | $18,011,422 | $7,094,935 |
St Francis Center Los Angeles, CA | $3,045,813 | $5,916,240 |
Napa Institute Irvine, CA | $250,523 | $3,251,927 |
Mater Dolorosa Passionist Retreat Center Inc Sierra Madre, CA | $7,035,300 | $2,660,007 |
M C Fathers Inc San Diego, CA | $1,048,756 | $2,245,378 |
Magis Institute Irvine, CA | $1,086,286 | $2,066,076 |