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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Magis Institute generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2019. While expenses have increased by 2.8% per year over the past 5 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
2019
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joan Jacoby Recording Secretery | Officer | 40 | $123,920 |
Michael Noggle Director | Trustee | 1 | $25,000 |
Timothy R Chairman | OfficerTrustee | 5 | $0 |
Steve Cameron Vice Chairman | OfficerTrustee | 1 | $0 |
John Ford Director/treasurer | OfficerTrustee | 5 | $0 |
Joseph Columbus Director | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Rj Miller Inc | 12/30/19 | $180,921 |
Mko Consulting Inc | 12/30/19 | $150,000 |
Robert Alderman | 12/30/19 | $103,733 |
Seroton Global Llc | 12/30/19 | $113,300 |
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 | $1,440,628 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,628 |
Total Program Service Revenue | $105,464 |
Investment income | $97 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $24,269 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,573 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,580,031 |
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. | $123,920 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,803 |
Fees for services: Management | $0 |
Fees for services: Legal | $700 |
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 | $45,714 |
Office expenses | $4,191 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $31,329 |
Travel | $131,318 |
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 | $3,827 |
Insurance | $260 |
All other expenses | $73,134 |
Total functional expenses | $1,615,256 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $598,372 |
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 | $55,544 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $862 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $654,778 |
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 | $654,778 |
Total liabilities and net assets/fund balances | $654,778 |
Over the last fiscal year, we have identified 5 grants that Magis Institute has recieved totaling $388,495.
Awarding Organization | Amount |
---|---|
The Rotary Foundation Of Rotary International Evanston, IL PURPOSE: BASIC EDUCATION AND LITERACY-HUMANITARIAN-DAF | $179,500 |
Napa Institute Support Foundation Irvine, CA PURPOSE: PROGRAM SUPPORT | $101,995 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $48,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $48,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Arizonas Catholic Tuition Support Organization Tucson, AZ | $18,470,610 | $12,380,420 |
Catholic Church Support Services Pleasanton, CA | $5,385,443 | $10,458,900 |
Catholic Answers Inc El Cajon, CA | $3,788,520 | $8,950,189 |
Roman Catholic Communications Corporation Of The Bay Area Menlo Park, CA | $18,011,422 | $7,094,935 |
St Francis Center Los Angeles, CA | $2,600,067 | $5,513,413 |
Napa Institute Irvine, CA | $41,507 | $3,076,342 |
Catholic Community Foundation Of Santa Clara County San Jose, CA | $87,961,486 | $11,776,808 |
Equipnet Alamo, CA | $346,208 | $3,002,371 |
Mater Dolorosa Passionist Retreat Center Inc Sierra Madre, CA | $7,035,300 | $2,660,007 |
M C Fathers Inc San Diego, CA | $554,200 | $2,442,414 |
Magis Institute Irvine, CA | $654,778 | $1,580,031 |
Mary Bonfils Stanton Trust 7524 7524 Las Vegas, NV | $14,949,299 | $1,204,563 |