Magnify Credit Union

  • Mulberry, FL
  • EIN: 59-0683250

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Nov. 2019 tax filing, this nonprofit:

Reported a significant diversion of assets
Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

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 Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,016,216
Expenses
$5,540,547
Net Income
-$1,524,331
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,479,794
86.6%
Investment Income $473,544
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $62,878
1.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $683,156
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $968,439
17.5%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Other
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $683,156 $0 $0
Scott Langston (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Brenda Hardman (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Joann Vasko Clifford (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
John Small (Director) $0 $0 $0
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Document Links

990
Filed on March 26, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,236,304
Expenses
$3,937,437
Net Income
$298,867
Net Assets
$9,813,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,854,873
91.0%
Investment Income $414,619
9.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$33,188
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $168,256
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $983,640
25.0%
Assets/Debt
Total Assets $78,761,886
Total Liabilities $68,948,772
Net Assets $9,813,114
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $168,256 $0 $0
Scott Langston (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Brenda Hardman (Director) $0 $0 $0
Karen Mort (Ceo) $0 $0 $0
Joann Vasko Clifford (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
John Small (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 8, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,772,766
Expenses
$3,473,634
Net Income
$299,132
Net Assets
$9,607,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,311,875
87.8%
Investment Income $439,227
11.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,664
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $154,270
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $999,303
28.8%
Assets/Debt
Total Assets $78,093,183
Total Liabilities $68,485,932
Net Assets $9,607,251
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $154,270 $0 $0
Scott Langston (Director) $0 $0 $0
John Small (Director) $0 $0 $0
Joann Vasko Clifford (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Brenda Hardman (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,681,542
Expenses
$3,393,289
Net Income
$288,253
Net Assets
$9,352,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,350,960
91.0%
Investment Income $330,582
9.0%
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 $143,346
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,049,292
30.9%
Assets/Debt
Total Assets $76,120,166
Total Liabilities $66,767,729
Net Assets $9,352,437
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $143,346 $0 $0
Denver Phares (Chairperson) $0 $0 $0
John Small (Director) $0 $0 $0
Joann Vasko Clifford (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Peter Marovich (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 8, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,678,616
Expenses
$3,441,843
Net Income
$236,773
Net Assets
$9,129,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,407,921
92.6%
Investment Income $237,175
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,520
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $286,897
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $868,543
25.2%
Assets/Debt
Total Assets $75,771,152
Total Liabilities $66,641,158
Net Assets $9,129,994
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $286,897 $0 $0
Denver Phares (Chairperson) $0 $0 $0
John Small (Director) $0 $0 $0
Joann Vasko Clifford (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Peter Marovich (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 27, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,712,356
Expenses
$3,660,738
Net Income
$51,618
Net Assets
$8,922,692
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,493,084
94.1%
Investment Income $219,272
5.9%
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 $135,612
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,149,464
31.4%
Assets/Debt
Total Assets $66,902,110
Total Liabilities $57,979,418
Net Assets $8,922,692
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $135,612 $0 $0
Denver Phares (Chairperson) $0 $0 $0
Penny Stege (Director) $0 $0 $0
Ronnie Boutwell (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Pete Maravich (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 11, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,432,594
Expenses
$4,300,987
Net Income
$131,607
Net Assets
$8,911,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,101,719
92.5%
Investment Income $273,243
6.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,449
0.6%
Net Inventory Sales $0
Other Revenue $29,183
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $131,286
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,202,979
28.0%
Assets/Debt
Total Assets $72,788,342
Total Liabilities $63,876,750
Net Assets $8,911,592
Compensation
Key Employees and Officers Compensation Related Other
John Santarpia (Ceo) $131,286 $0 $0
Denver Phares (Chairperson) $0 $0 $0
Penny Stege (Director) $0 $0 $0
Ronnie Boutwell (Director) $0 $0 $0
Charles Jenkins (Director) $0 $0 $0
Karen Mort (Director) $0 $0 $0
Pete Maravich (Director) $0 $0 $0
John Mcgarrity (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 13, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,187,672
Expenses
$5,052,659
Net Income
$135,013
Net Assets
$8,863,864
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,727,594
91.1%
Investment Income $359,245
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,467
0.8%
Net Inventory Sales $0
Other Revenue $58,366
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $246,650
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,228,401
24.3%
Assets/Debt
Total Assets $78,095,510
Total Liabilities $69,231,646
Net Assets $8,863,864

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,266,123
Expenses
$9,107,543
Net Income
-$2,841,420
Net Assets
$8,711,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,829,412
93.0%
Investment Income $446,219
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$67,872
Net Inventory Sales $0
Other Revenue $58,364
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,493,199
16.4%
Assets/Debt
Total Assets $85,306,041
Total Liabilities $76,594,878
Net Assets $8,711,163

Document Links

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF
PDF (2 of 2)

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

990

Primary 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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