Spitzer-Magis Center
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Garden Grove, CA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 54-2075888
Organization Overview
Spitzer-Magis Center is located in Garden Grove, 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 12/2023, Spitzer-Magis Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spitzer-Magis Center 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 12/2023, Spitzer-Magis Center generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 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
2023
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 |
|---|---|---|---|
Bill Newland Chairman Of The Board | OfficerTrustee | 5 | $0 |
Timothy R Busch Vice Chairman | OfficerTrustee | 5 | $0 |
FR Robert J Spitzer Sjphd President | OfficerTrustee | 5 | $0 |
Rebecca Cates Secretary | OfficerTrustee | 5 | $0 |
John Ford Director/treasurer | OfficerTrustee | 5 | $0 |
Don Ferfolia 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 | $2,018,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,018,600 |
| Total Program Service Revenue | $337,844 |
| Investment income | $269 |
| 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 | $2,356,713 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,052,551 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $70,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,918 |
| 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 | $134,177 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,611 |
| Travel | $80,002 |
| 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 | $96,400 |
| Insurance | $4,756 |
| All other expenses | $185,936 |
| Total functional expenses | $2,656,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,873 |
| 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 | $31,330 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $385,600 |
| Total assets | $1,310,803 |
| 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 | $1,310,803 |
| Total liabilities and net assets/fund balances | $1,310,803 |