Magavern Pool Inc
- Assets
- $138.5k
- Revenue
- $12.7k
- Investments
- $109.7k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- Data as of
- 12/2017
- EIN
- 22-2583121
Organization Overview
Magavern Pool Inc is located in Buffalo, NY.
For the year ending 12/2017, Magavern Pool Inc generated $12.7k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (78.7%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Magavern II President & Dir | 1 | $0 | |
James L Magavern Secretary & Dir | 0.25 | $0 | |
William J Magavern II President & Dir | 1 | $0 | |
James L Magavern Secretary & Dir | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $6,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,468 |
| Capital Gain Net Income | $6,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330 |
| Total operating and administrative expenses | $2,880 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $17,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,800 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $138,542 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Magavern Pool Inc has awarded $30,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALBRIGHT KNOX ART GALLERY PURPOSE: FOR ALBRIGHT KNOX ART GALLERY | $2,000 |
BUFFALO STATE COLLEGE PURPOSE: FOR BUFFALO STATE COLLEGE | $1,000 |
BURCHFIELD PENNEY ART CENTER PURPOSE: FOR BURCHFIELD PENNEY ART CENTER | $1,000 |
CHM COUNSELING PURPOSE: FUND CMH COUNSELING | $500 |
DONATE LIFE FOUNDATIONUNYTS PURPOSE: FUND DONATE LIFE/ UNYTS | $1,000 |
BUFFALO PHILHARMONIC ENDOWMENT PURPOSE: FUND BUFFALO PHILHARMONIC | $1,000 |