Totals
- Total revenue
- $6,790,723
- Total expenses
- $2,993,025
- Contributions and grants received
- $6,838,642
- Grants paid
- $2,502,986
- Program service revenue
- $0
- Investment income
- $99,411
- Other revenue
- -$147,330
- Total assets, end of year
- $5,874,672
- Total liabilities, end of year
- $111,000
- Net assets or fund balances, end of year
- $5,763,672
- Program services expenses (Part IX)
- $2,502,986
- Management and general expenses
- $192,300
- Fundraising expenses
- $297,739
- Program service expenses (Part III)
- $2,502,986
Program services were 83.6% 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
$958,695
-
1f · All other contributions, gifts and grants
$5,879,947
-
1g · Noncash contributions included above
$20,303
-
3 · Investment income
total $99,411 · excluded $99,411
-
8a · Fundraising events: gross income
$112,500
-
8a · Fundraising events: contributions included on line 1c
$958,695
-
8b · Fundraising events: direct expenses
$259,830
-
8c · Net income from fundraising events
total -$147,330 · excluded -$147,330
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $2,502,986 · program services $2,502,986
-
5 · Compensation of officers, directors and key employees
total $128,000 · fundraising $128,000
-
7 · Other salaries and wages
total $115,081 · management and general $41,144 · fundraising $73,937
-
8 · Pension plan contributions
total $18,710 · management and general $18,710
-
9 · Other employee benefits
total $5,500 · management and general $5,500
-
11c · Fees: accounting
total $18,180 · management and general $18,180
-
11g · Fees: other
total $84,905 · management and general $61,684 · fundraising $23,221
-
12 · Advertising and promotion
total $6,155 · management and general $1,876 · fundraising $4,279
-
13 · Office expenses
total $34,270 · management and general $7,061 · fundraising $27,209
-
14 · Information technology
total $24,526 · management and general $24,526
-
17 · Travel
total $51,733 · management and general $10,640 · fundraising $41,093
-
23 · Insurance
total $2,979 · management and general $2,979
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $942,919 · end of year $4,931,514
-
4 · Accounts receivable
beginning of year $1,048,017 · end of year $856,965
-
9 · Prepaid expenses and deferred charges
beginning of year $20,000 · end of year $50,750
-
12 · Investments: other securities
beginning of year $15,206 · end of year $35,443
-
17 · Accounts payable and accrued expenses
beginning of year $59,268 · end of year $110,100
-
25 · Other liabilities
beginning of year $900 · end of year $900
-
27 · Net assets without donor restrictions
beginning of year $251,554 · end of year $550,737
-
28 · Net assets with donor restrictions
beginning of year $1,714,420 · end of year $5,212,935
Mission and programs · 2023
Mission
MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL AND ARE FOUNDED ON THE PRINCIPLE OF HUMAN RIGHTS, PROMOTING EDUCATION, HEALTH, GENDER, EQUALITY AND SUSTAINABLE LIVELIHOODS.
Activities or mission (Part I)
MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL.
-
MAGIC BUS ENVISIONS A WORLD WHERE MARGINALIZED YOUTH IN INDIA AND ACROSS SOUTH ASIA ARE PROVIDED THE OPPORTUNITIES TO BREAK THE CYCLE OF INHERITED POVERTY. WE DO THIS BY TEACHING ESSENTIAL LIFE SKILLS, SUPPORTING STUDENTS WITH ACADEMIC CHALLENGES, PROVIDING EMPLOYABILITY EDUCATION, AND CONNECTING OUR PROGRAM PARTICIPANTS TO WORK WHICH ENABLES THEM TO THRIVE IN THEIR TRANSITION TO ADULTHOOD.
Expenses $1,362,986 · Grants $1,362,986
-
GRANT TO MAGIC BUS GLOBAL (UK)
Expenses $1,140,000 · Grants $1,140,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amit BhandariAMIT BHANDARI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Kapil MathurKAPIL MATHUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew SpacieMATTHEW SPACIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ash SomaniASH SOMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arpan ShethARPAN SHETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah CurridSARAH CURRID
EXECUTIVE DIRECTOR
- Total calculated
- $150,000
- From this org
- $128,000
- From related orgs
- $0
- Other
- $22,000
- 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
- 2023
- Filed
- 20 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412749349300701
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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