Skip to content
Nonprofiteer
← MAGIC FOUNDATION

Form 990 for tax year 2023

Filed by MAGIC FOUNDATION.

Totals

Total revenue
$1,244,747
Total expenses
$1,219,257
Contributions and grants received
$1,260,658
Grants paid
$0
Program service revenue
$0
Investment income
$5,608
Other revenue
-$21,519
Total assets, end of year
$2,758,895
Total liabilities, end of year
$27,791
Net assets or fund balances, end of year
$2,731,104
Program services expenses (Part IX)
$1,014,550
Management and general expenses
$166,185
Fundraising expenses
$38,522
Program service expenses (Part III)
$1,014,550

Program services were 83.2% 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.

  • 1b · Membership dues

    $15,410

  • 1f · All other contributions, gifts and grants

    $1,245,248

  • 3 · Investment income

    total $11,609 · excluded $11,609

  • 6a · Gross rents

    real property $18,500

  • 6b · Less rental expenses

    real property $42,228

  • 6c · Rental income or loss

    real property -$23,728

  • 6d · Net rental income or loss

    total -$23,728 · excluded -$23,728

  • 7a · Gross sales of assets other than inventory

    securities $80,998

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

    securities $86,999

  • 7c · Gain or loss

    securities -$6,001

  • 7d · Net gain or loss

    total -$6,001 · related or exempt -$6,001

  • 11a · Other revenue: Other income

    total $2,209 · related or exempt $2,209

  • 11e · Other revenue, total

    $2,209

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $229,755 · program services $194,097 · management and general $23,412 · fundraising $12,246

  • 7 · Other salaries and wages

    total $283,879 · program services $239,821 · management and general $28,927 · fundraising $15,131

  • 9 · Other employee benefits

    total $8,875 · program services $7,497 · management and general $905 · fundraising $473

  • 10 · Payroll taxes

    total $39,531 · program services $33,396 · management and general $4,029 · fundraising $2,106

  • 11b · Fees: legal

    total $19,805 · management and general $19,805

  • 11f · Fees: investment management

    total $2,525 · management and general $2,525

  • 11g · Fees: other

    total $91,493 · program services $89,362 · management and general $2,131

  • 12 · Advertising and promotion

    total $11,131 · program services $11,131

  • 13 · Office expenses

    total $63,075 · program services $53,286 · management and general $6,427 · fundraising $3,362

  • 16 · Occupancy

    total $22,235 · program services $10,657 · management and general $10,906 · fundraising $672

  • 17 · Travel

    total $36,293 · program services $30,660 · management and general $3,699 · fundraising $1,934

  • 19 · Conferences, conventions and meetings

    total $211,808 · program services $211,808

  • 22 · Depreciation, depletion and amortization

    total $49,143 · management and general $49,143

  • 23 · Insurance

    total $10,116 · program services $8,546 · management and general $1,031 · fundraising $539

  • 24a · Other expenses: International ICOSEP

    total $87,008 · program services $87,008

  • 24b · Other expenses: Repairs & maintenance

    total $38,632 · program services $32,636 · management and general $3,937 · fundraising $2,059

  • 24c · Other expenses: Miscellaneous

    total $9,308 · management and general $9,308

  • 24d · Other expenses: Division RSS DDC

    total $4,645 · program services $4,645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,042,931 · end of year $1,081,955

  • 2 · Savings and temporary cash investments

    beginning of year $90,924 · end of year $90,849

  • 5 · Loans and receivables from officers and key people

    beginning of year $96,562 · end of year $97,546

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

    $1,652,395

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

    $455,721

  • 10c · Land, buildings and equipment, net

    beginning of year $1,213,536 · end of year $1,196,674

  • 11 · Investments: publicly traded securities

    beginning of year $253,398 · end of year $291,871

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,856 · end of year $27,791

  • 27 · Net assets without donor restrictions

    beginning of year $2,664,495 · end of year $2,731,104

Mission and programs · 2023

Mission

The Magic Foundation provides support services to families of children afflicted with a wide variety of disorders, syndromes and diseases that affect a childs growth. The Organization's commitment and vision is to reduce emotional and physical trauma caused by growth disorders, resulting in happier, healthier children and consequently, adults.

Activities or mission (Part I)

To help children and their families whose physical growth is affected by medical problems.

  • The Organization provides specific assistance to families of children with growth disorders. Magic Foundation provides information and education materials on growth disorders through a newsletter and website. An annual convention is held to provide further assistance and education. Magic Foundation also participates in International Coalition of Organizations Supporting Endocrine Patients, which is a federation of patient advocate associations representing more than 35 countries, medical societies and child advocate supporters.

    Expenses $1,014,550

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rich Buckley

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Ken Dickard

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    1

  • Courtney Lance-Morakalis

    Director/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Brian Papo

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Andrews

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russ Hazael

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dianne Kremidas

    Executive Director

    Total calculated
    $116,782
    From this org
    $110,000
    From related orgs
    $0
    Other
    $6,782
    Hours/week
    40

  • Jamie Harvey

    Co-Founder/Dir Tech Ed

    Total calculated
    $57,000
    From this org
    $57,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mary Andrews

    CEO and Co-Founder

    Total calculated
    $112,973
    From this org
    $105,000
    From related orgs
    $0
    Other
    $7,973
    Hours/week
    40

  • Teresa Tucker

    Co-Founder

    Total calculated
    $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
2023
Filed
3 June 2024
IRS schema version
2023v5.0
Source object
202441579349301004

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.