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Nonprofiteer
← CHRISTMAS MAGIC INC

Form 990 for tax year 2023

Filed by CHRISTMAS MAGIC INC.

Totals

Total revenue
$244,971
Total expenses
$299,416
Contributions and grants received
$246,563
Grants paid
$50,800
Program service revenue
$61
Investment income
$87
Other revenue
-$1,740
Total assets, end of year
$162,701
Total liabilities, end of year
$10,189
Net assets or fund balances, end of year
$152,512
Program services expenses (Part IX)
$261,133
Management and general expenses
$38,033
Fundraising expenses
$250
Program service expenses (Part III)
$261,133

Program services were 87.2% 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.

  • 1f · All other contributions, gifts and grants

    $246,563

  • 1g · Noncash contributions included above

    $13,000

  • 2f · All other program service revenue

    total $61 · related or exempt $61

  • 3 · Investment income

    total $87 · related or exempt $87

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $1,740

  • 8c · Net income from fundraising events

    total -$1,740 · excluded -$1,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,800 · program services $50,800

  • 11b · Fees: legal

    total $339 · management and general $339

  • 11c · Fees: accounting

    total $5,180 · management and general $5,180

  • 12 · Advertising and promotion

    total $3,412 · management and general $3,162 · fundraising $250

  • 13 · Office expenses

    total $372 · program services $19 · management and general $353

  • 16 · Occupancy

    total $6,208 · program services $6,208

  • 22 · Depreciation, depletion and amortization

    total $3,125 · program services $3,125

  • 23 · Insurance

    total $15,543 · management and general $15,543

  • 24a · Other expenses: GIFTS

    total $165,292 · program services $165,292

  • 24b · Other expenses: OTHER PROGRAM SERVICES

    total $15,811 · program services $15,811

  • 24c · Other expenses: ADMINISTRATIVE SERVICES

    total $12,130 · management and general $12,130

  • 24d · Other expenses: AUTOMOBILE AND TRANSPOR

    total $9,406 · program services $9,406

  • 24e · All other expenses

    total $11,798 · program services $10,472 · management and general $1,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $192,546 · end of year $143,326

  • 4 · Accounts receivable

    beginning of year $8,915 · end of year $500

  • 10a · Land, buildings and equipment: cost or other basis

    $22,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,625

  • 10c · Land, buildings and equipment, net

    beginning of year $19,400 · end of year $18,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,906 · end of year $10,189

  • 27 · Net assets without donor restrictions

    beginning of year $206,955 · end of year $152,512

Mission and programs · 2023

Mission

TO SOLICIT CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC WHOSE SUPPORT WILL ENABLE THE ORGANIZATION TO PURCHASE & DISTRIBUTE TOYS TO NEEDY CHILDREN DURING THE HOLIDAY SEASON.

Activities or mission (Part I)

SEE SCHEDULE O TO SOLICIT CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC WHOSE SUPPORT WILL ENABLE THE ORGANIZATION TO PURCHASE & DISTRIBUTE TOYS TO NEEDY CHILDREN DURING THE HOLIDAY SEASON.TO SOLICIT CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC WHOSE SUPPORT WILL ENABLE THE ORGANIZATION TO PURCHASE & DISTRIBUTE TOYS TO THE NEEDY. THE ORGANIZATION VISITS FAMILY SHELTERS AND INDIVIDUAL FAMILIES DURING THE HOLIDAY SEASON TO DISTRIBUTE TOYS TO THE NEEDY CHILDREN.

  • THE ORGANIZATION SOLICITED CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC. THE SUPPORT RECEIVED ENABLED THE ORGANIZATION TO PURCHASE CHRISTMAS PRESENTS FOR HUNDREDS OF CHILDREN.

    Expenses $261,133 · Grants $50,800 · Revenue $246,563

As filed on the 2023 return.

Listed in Part VII

  • Charles C Russo

    PRESIDENT/CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jamie Labelle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Elisa Russell

    TREASURER

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Michael Cosgrove

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349303633

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