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← MAGNIFIED GIVING

Form 990 for tax year 2023

Filed by MAGNIFIED GIVING.

Totals

Total revenue
$2,905,017
Total expenses
$788,172
Contributions and grants received
$2,814,561
Grants paid
$198,627
Program service revenue
$19,896
Investment income
$67,822
Other revenue
$2,738
Total assets, end of year
$3,718,104
Total liabilities, end of year
$22,336
Net assets or fund balances, end of year
$3,695,768
Program services expenses (Part IX)
$495,257
Management and general expenses
$67,364
Fundraising expenses
$225,551
Program service expenses (Part III)
$495,257

Program services were 62.8% 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

    $2,049

  • 1f · All other contributions, gifts and grants

    $2,812,512

  • 1g · Noncash contributions included above

    $1,000,000

  • 2a · Program service revenue: Summer Camp Fees

    total $19,896 · related or exempt $19,896

  • 3 · Investment income

    total $76,575 · excluded $76,575

  • 7a · Gross sales of assets other than inventory

    securities $1,479,359

  • 7b · Less cost or other basis and sales expenses

    securities $1,488,112

  • 7c · Gain or loss

    securities -$8,753

  • 7d · Net gain or loss

    total -$8,753 · excluded -$8,753

  • 8a · Fundraising events: gross income

    $2,720

  • 8a · Fundraising events: contributions included on line 1c

    $2,049

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $2,720 · excluded $2,720

  • 11a · Other revenue: Miscellaneous Income

    total $18 · excluded $18

  • 11e · Other revenue, total

    $18

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $198,627 · program services $198,627

  • 5 · Compensation of officers, directors and key employees

    total $91,704 · program services $82,534 · management and general $4,585 · fundraising $4,585

  • 7 · Other salaries and wages

    total $235,320 · program services $125,835 · management and general $11,826 · fundraising $97,659

  • 10 · Payroll taxes

    total $22,952 · management and general $22,952

  • 11b · Fees: legal

    total $232 · management and general $232

  • 11c · Fees: accounting

    total $7,152 · management and general $7,152

  • 11g · Fees: other

    total $114,553 · program services $15,599 · management and general $3,691 · fundraising $95,263

  • 12 · Advertising and promotion

    total $4,873 · program services $3,548 · fundraising $1,325

  • 13 · Office expenses

    total $17,720 · program services $11,458 · management and general $916 · fundraising $5,346

  • 14 · Information technology

    total $7,047 · program services $6,303 · management and general $744

  • 16 · Occupancy

    total $22,124 · program services $13,039 · management and general $8,543 · fundraising $542

  • 17 · Travel

    total $16,331 · program services $10,801 · management and general $4,114 · fundraising $1,416

  • 22 · Depreciation, depletion and amortization

    total $13,074 · program services $9,937 · management and general $2,353 · fundraising $784

  • 24a · Other expenses: Annual Dinner

    total $23,659 · program services $5,117 · fundraising $18,542

  • 24b · Other expenses: Summer Camps

    total $6,900 · program services $6,900

  • 24c · Other expenses: Miscellaneous

    total $5,904 · program services $5,559 · management and general $256 · fundraising $89

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,065 · end of year $69,445

  • 3 · Pledges and grants receivable

    beginning of year $196,132 · end of year $691,459

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

    $385,521

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

    $103,342

  • 10c · Land, buildings and equipment, net

    beginning of year $289,952 · end of year $282,179

  • 11 · Investments: publicly traded securities

    beginning of year $1,038,832 · end of year $2,646,014

  • 12 · Investments: other securities

    beginning of year $25,000 · end of year $26,194

  • 14 · Intangible assets

    beginning of year $2,969 · end of year $2,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,974 · end of year $22,336

  • 27 · Net assets without donor restrictions

    beginning of year $537,762 · end of year $2,058,773

  • 28 · Net assets with donor restrictions

    beginning of year $1,000,214 · end of year $1,636,995

Mission and programs · 2023

Mission

To provide grants to local charities through junior high and high school students participating in youth Philanthropy education.

  • Grants are distributed through school and nonprofit youth group education programming and giving circles to nonprofit organizations. We had 136 programs participate and awarded 152 grants to 191 nonprofit organizations.

    Expenses $495,257 · Grants $198,627 · Revenue $19,896

As filed on the 2023 return.

Listed in Part VII

  • Adrienne Roach

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anthony Reed

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anya Sanchez

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Carol Rosenau

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Hummel

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heather Campbell-Lieberman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John DiTullio

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joyce Kupfer Mulderig

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julie Gyure

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kara Shibiya

    VIce Chair

    Total calculated
    $0
    Hours/week
    1

  • Katie Colgan

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Meaghan Pfetzer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Melinda Kelly

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Pam Amlung

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Roger Grein

    President & Chair

    Total calculated
    $0
    Hours/week
    1

  • Ryan Nicley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ty Hogan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brent Billingsley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kelly Collison

    CEO

    Total calculated
    $91,704
    From this org
    $91,704
    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202442969349300709

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