Form 990 for tax year 2022
Filed by SHARE THE MAGIC FOUNDATION INC.
Totals
- Total revenue
- $1,213,550
- Total expenses
- $722,974
- Contributions and grants received
- $806,290
- Grants paid
- $0
- Program service revenue
- $394,309
- Investment income
- $8,083
- Other revenue
- $4,868
- Total assets, end of year
- $1,475,901
- Total liabilities, end of year
- $94,550
- Net assets or fund balances, end of year
- $1,381,351
- Program services expenses (Part IX)
- $598,661
- Management and general expenses
- $96,984
- Fundraising expenses
- $27,329
- Program service expenses (Part III)
- $598,661
Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$534,766
-
1e · Government grants (contributions)
$31,861
-
1f · All other contributions, gifts and grants
$239,663
-
1g · Noncash contributions included above
$9,818
-
2a · Program service revenue: PROGRAM REVENUE
total $394,309 · related or exempt $394,309
-
3 · Investment income
total $4,039 · excluded $4,039
-
7a · Gross sales of assets other than inventory
securities $10,371
-
7b · Less cost or other basis and sales expenses
securities $6,327
-
7c · Gain or loss
securities $4,044
-
7d · Net gain or loss
total $4,044 · excluded $4,044
-
8a · Fundraising events: gross income
$131,821
-
8a · Fundraising events: contributions included on line 1c
$534,766
-
8b · Fundraising events: direct expenses
$131,821
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER REVENUE
total $4,868 · related or exempt $4,868
-
11e · Other revenue, total
$4,868
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $178,106 · program services $147,829 · management and general $17,810 · fundraising $12,467
-
7 · Other salaries and wages
total $76,906 · program services $63,833 · management and general $7,690 · fundraising $5,383
-
8 · Pension plan contributions
total $146 · program services $121 · management and general $15 · fundraising $10
-
10 · Payroll taxes
total $88,872 · program services $73,762 · management and general $8,888 · fundraising $6,222
-
11c · Fees: accounting
total $12,777 · management and general $12,777
-
11g · Fees: other
total $1,762 · program services $1,762
-
14 · Information technology
total $66,665 · program services $66,665
-
17 · Travel
total $32,018 · program services $32,018
-
23 · Insurance
total $6,674 · program services $5,540 · management and general $667 · fundraising $467
-
24a · Other expenses: BOOKS & MERCHANDISE
total $192,222 · program services $192,222
-
24b · Other expenses: SUPPLIES
total $48,232 · program services $14,909 · management and general $30,543 · fundraising $2,780
-
24c · Other expenses: BANK & ADMIN FEES
total $11,772 · management and general $11,772
-
24d · Other expenses: OTHER EXPENSES
total $6,822 · management and general $6,822
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $533,658 · end of year $799,676
-
9 · Prepaid expenses and deferred charges
beginning of year $8,945 · end of year $46,517
-
11 · Investments: publicly traded securities
beginning of year $421,984 · end of year $629,708
-
17 · Accounts payable and accrued expenses
beginning of year $3,453 · end of year $1,700
-
25 · Other liabilities
beginning of year $70,000 · end of year $92,850
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $891,134 · end of year $1,381,351
Mission and programs · 2022
Mission
TO PROMOTE THE LONG-TERM BENEFITS OF READING AND BOOK OWNERSHIP AMONG STUDENTS IN TITLE 1 SCHOOLS AND UNDERSERVED COMMUNITIES.
-
FREE VIRTUAL READING CHALLENGES, LITERACY ADVOCACY AND PROGRAMMING, BOOK OWNERSHIP.
Expenses $598,661 · Revenue $399,177
As filed on the 2022 return.
Listed in Part VII
-
Patricia AdamsPATRICIA ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GelfondMICHAEL GELFOND
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Wanda J Hayes PhDWANDA J HAYES PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mohamed MassaquoiMOHAMED MASSAQUOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roy NeillROY NEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John ParkerJOHN PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Ramirez PinckneyPATRICIA RAMIREZ PINCKNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla WilliamsCARLA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm MitchellMALCOLM MITCHELL
EXECUTIVE DIRECTOR
- Total calculated
- $116,275
- From this org
- $116,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Larry HansonLARRY HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris ConleyCHRIS CONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David J SappDAVID J SAPP
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Anne SappANNE SAPP
COO
- Total calculated
- $61,833
- From this org
- $61,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312559349300221
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