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Magnificent Day Care Center Inc

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.

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$763k (2022)

Expenses
$597k (2022)

Total Assets
$553k (2022)

Total Liabilities
$1.57k (2022)

Source: Form 990 tax filings from 2011 to 2022

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 Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$763,078
Expenses
$597,453
Net Income
$165,625
Net Assets
$550,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,610
10.2%
Program Services $675,580
88.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,888
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $52,000
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $226,020
37.8%
Assets/Debt
Total Assets $552,508
Total Liabilities $1,573
Net Assets $550,935
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $52,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$641,733
Expenses
$554,161
Net Income
$87,572
Net Assets
$385,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,954
12.1%
Program Services $563,779
87.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,000
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $197,902
35.7%
Assets/Debt
Total Assets $389,273
Total Liabilities $3,963
Net Assets $385,310
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $53,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$730,197
Expenses
$570,244
Net Income
$159,953
Net Assets
$297,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,337
12.9%
Program Services $635,860
87.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $178,372
31.3%
Assets/Debt
Total Assets $297,738
Total Liabilities $0
Net Assets $297,738
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $29,967 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$533,469
Expenses
$511,962
Net Income
$21,507
Net Assets
$137,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,112
16.3%
Program Services $446,357
83.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $177,220
34.6%
Assets/Debt
Total Assets $186,084
Total Liabilities $48,299
Net Assets $137,785
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $25,355 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$386,342
Expenses
$359,518
Net Income
$26,824
Net Assets
$116,278
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $386,342
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $140,501
39.1%
Assets/Debt
Total Assets $161,746
Total Liabilities $45,468
Net Assets $116,278
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $24,868 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$443,948
Expenses
$414,309
Net Income
$29,639
Net Assets
$185,792
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $443,948
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $176,607
42.6%
Assets/Debt
Total Assets $191,206
Total Liabilities $5,414
Net Assets $185,792
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $25,355 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,852
Expenses
$297,151
Net Income
$9,701
Net Assets
$156,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $306,852
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $115,598
38.9%
Assets/Debt
Total Assets $166,175
Total Liabilities $10,022
Net Assets $156,153
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $25,842 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$256,612
Expenses
$271,821
Net Income
-$15,209
Net Assets
$146,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $247,112
96.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $9,500
3.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $104,300
38.4%
Assets/Debt
Total Assets $164,459
Total Liabilities $18,007
Net Assets $146,452
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Executive Director) $24,868 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$243,179
Expenses
$236,747
Net Income
$6,432
Net Assets
$161,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $234,679
96.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,500
3.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $110,467
46.7%
Assets/Debt
Total Assets $165,125
Total Liabilities $3,464
Net Assets $161,661
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert S Phillips (Exec Director) $25,355 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$288,656
Expenses
$292,103
Net Income
-$3,447
Net Assets
$155,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $288,656
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $160,737
55.0%
Assets/Debt
Total Assets $185,895
Total Liabilities $30,666
Net Assets $155,229
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ralph Phillips (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$330,162
Expenses
$353,125
Net Income
-$22,963
Net Assets
$158,676
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $330,162
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,134
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $166,914
47.3%
Assets/Debt
Total Assets $214,191
Total Liabilities $55,515
Net Assets $158,676

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,581
Expenses
$476,417
Net Income
-$30,836
Net Assets
$181,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $445,581
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $27,056
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $199,475
41.9%
Assets/Debt
Total Assets $236,506
Total Liabilities $54,867
Net Assets $181,639

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About 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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