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Magnalia Foundation Inc

  • Alpharetta, GA
  • Tax-exempt since July 2014
  • EIN: 46-3267182

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$111k (2024)

Expenses
$69.7k (2024)

Total Assets
$637k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,580
Expenses
$69,718
Net Income
$40,862
Net Assets
$636,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,591
90.1%
Program Services $0
Investment Income $10,737
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $252
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $636,884
Total Liabilities $0
Net Assets $636,884
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ricardo Alvarado (Director) $0 $0 $0
Steve Pacitti (Director) $0 $0 $0
Enrique Gelpi (Director) $0 $0 $0
Jerome Drisaldi (Chairman) $0 $0 $0
Richard Gruca (President) $0 $0 $0
Michael Molletta (Treasurer) $0 $0 $0
Dave Letta (Secretary) $0 $0 $0
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Document Links

990
Filed on Oct. 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$134,972
Expenses
$40,455
Net Income
$94,517
Net Assets
$596,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $124,279
92.1%
Program Services $0
Investment Income $10,575
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $118
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $596,019
Total Liabilities $0
Net Assets $596,019
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jerome Drisaldi (Chairman) $0 $0 $0
Richard Gruca (President) $0 $0 $0
Michael Molletta (Treasurer) $0 $0 $0
Dave Letta (Secretary) $0 $0 $0
Ricardo Alvarado (Director) $0 $0 $0
Enrique Gelpi (Director) $0 $0 $0
Steve Pacitti (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 31, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,946
Expenses
$40,713
Net Income
$26,233
Net Assets
$501,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,353
93.1%
Program Services $0
Investment Income $477
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,116
6.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $501,503
Total Liabilities $0
Net Assets $501,503
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jerome Drisaldi (Chairman) $0 $0 $0
Richard Gruca (President) $0 $0 $0
Michael Molletta (Treasurer) $0 $0 $0
Dave Letta (Secretary) $0 $0 $0
Ricardo Alvarado (Director) $0 $0 $0
Enrique Gelpi (Director) $0 $0 $0
Steve Pacitti (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 27, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$80,019
Expenses
$30,262
Net Income
$49,757
Net Assets
$474,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,462
70.6%
Program Services $0
Investment Income $23,557
29.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $474,560
Total Liabilities $0
Net Assets $474,560
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Letta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Enrique Gelpi (Director) $0 $0
Steve Pacitti (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Sept. 7, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$90,852
Expenses
$31,995
Net Income
$58,857
Net Assets
$424,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,639
84.4%
Program Services $7,193
7.9%
Investment Income $7,020
7.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $424,803
Total Liabilities $0
Net Assets $424,803
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Letta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Thierry Wersinger (Director) $0 $0
Steve Pacitti (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Sept. 21, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$93,409
Expenses
$51,182
Net Income
$42,227
Net Assets
$365,946
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,233
65.6%
Program Services $14,774
15.8%
Investment Income $17,402
18.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $365,946
Total Liabilities $0
Net Assets $365,946
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Letta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Thierry Wersinger (Director) $0 $0
Steve Pacitti (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Aug. 27, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$92,609
Expenses
$48,178
Net Income
$44,431
Net Assets
$323,719
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,801
57.0%
Program Services $15,046
16.2%
Investment Income $24,627
26.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $135
0.1%
Assets/Debt
Total Assets $323,719
Total Liabilities $0
Net Assets $323,719
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Letta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Thierry Wersinger (Director) $0 $0
Steve Pacitti (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Sept. 24, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,359
Expenses
$56,508
Net Income
$48,851
Net Assets
$279,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,670
60.4%
Program Services $22,081
21.0%
Investment Income $19,259
18.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $349
0.3%
Assets/Debt
Total Assets $279,288
Total Liabilities $0
Net Assets $279,288
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Leta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Thierry Wersinger (Director) $0 $0
Steve Pacitti (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Sept. 18, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$125,898
Expenses
$58,285
Net Income
$67,613
Net Assets
$230,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,924
81.0%
Program Services $23,974
19.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $230,437
Total Liabilities $0
Net Assets $230,437
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Paul Lafreiniere (Vice Chairman) $0 $0
Richard Gruca (President) $0 $0
Michael Molletta (Treasurer) $0 $0
Dave Leta (Secretary) $0 $0
Ricardo Alvarado (Director) $0 $0
Thierry Wersinger (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Oct. 20, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$163,641
Expenses
$59,180
Net Income
$104,461
Net Assets
$159,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,010
88.0%
Program Services $19,631
12.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $159,075
Total Liabilities $0
Net Assets $159,075
Compensation
Key Employees and Officers Compensation Other
Jerome Drisaldi (Chairman) $0 $0
Paul Lafreiniere (Vice Chairman) $0 $0
Richard Gruca (President) $0 $0
Ricardo Alvarado (Treasurer) $0 $0
Dave Leta (Secretary) $0 $0
John Coverdale (Director) $0 $0
Thierry Wersinger (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Aug. 21, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$100,821
Expenses
$46,207
Net Income
$54,614
Net Assets
$54,614
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,867
73.3%
Program Services $26,954
26.7%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $54,614
Total Liabilities $0
Net Assets $54,614

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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