Orinda Magic Inc
- Assets
- $949.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 01/2007
- Data as of
- 12/2020
- EIN
- 20-5141557
Organization Overview
Orinda Magic Inc is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orinda Magic Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Orinda Magic Inc generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $4.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (25.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
IN 2020, ORINDA MAGIC SHUT DOWN OPERATIONS DUE TO THE COVID-19 PANDEMIC. FOLLOWING TRYOUTS IN EARLY APRIL, THE PROGRAM CANCELLED ALL TEAMS. ORINDA MAGIC CREATED THE DARRELL HIRASHIMA SCHOLARSHIP TO BE AWARDED TO ONE OR MORE GRADUATING HIGH SCHOOL SENIORS. THIS YEAR, ORINDA MAGIC AWARDED $3,000 TO TWO GRADUATING SENIORS AND FORMER ORINDA MAGIC PLAYERS. WHEN TEAMS ARE IN OPERATION, ALL OF THE GIRLS IN THE PROGRAMN ARE GIVEN THE OPPORTUNITY TO RECEIVE FINANCIAL ASSISTANCE FOR PROGRAM AND TRAVEL EXPENSES.
IN 2020, ORINDA MAGIC SHUT DOWN OPERATIONS DUE TO THE COVID-19 PANDEMIC. FOLLOWING TRYOUTS IN EARLY APRIL, THE PROGRAM CANCELLED ALL TEAMS. ORINDA MAGIC CREATED THE DARRELL HIRASHIMA SCHOLARSHIP TO BE AWARDED TO ONE OR MORE GRADUATING HIGH SCHOOL SENIORS. THIS YEAR, ORINDA MAGIC AWARDED $3,000 TO TWO GRADUATING SENIORS AND FORMER ORINDA MAGIC PLAYERS. WHEN TEAMS ARE IN OPERATION, ALL OF THE GIRLS IN THE PROGRAMN ARE GIVEN THE OPPORTUNITY TO RECEIVE FINANCIAL ASSISTANCE FOR PROGRAM AND TRAVEL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Hirashima Jr Vice President | 10 | $0 | |
Dustin Hirashima President | 10 | $0 | |
Trisha Hirashima Director | 5 | $0 | |
Austin Sutta Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,849 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,849 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $360 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,817 |
| Total expenses | $4,527 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $949 |
| Other assets | $0 |
| Total assets | $949 |
| Total liabilities | $0 |
| Net assets or fund balances | $949 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orinda Magic Inc has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ultimate Sports Association Walnut Creek, CA | $1,241,895 | $1,889,365 |
West Coast Elite El Segundo, CA | $47,085 | $1,056,757 |
Socal-Elite Sports Inc Irvine, CA | $856,246 | $1,237,491 |
National Junior Basketball Tustin, CA | $68,241 | $690,890 |
Tarkanian Basketball Academy Inc Las Vegas, NV | $1,084,791 | $736,106 |
Team Esface Inc Redwood City, CA | $170,608 | $568,435 |
Northwest Womens Intercollegiate Basketball Officials Assocaition Salem, OR | $163,779 | $398,334 |
Palo Alto NATIONAL JUNIOR BASKETBALL Los Altos Hills, CA | $0 | $303,126 |
Sierra Nevada Basketball Inc Reno, NV | $2,943 | $276,310 |
East Bay Basketball Officials Association Hercules, CA | $1,000 | $275,181 |
Rocklin Girls Fast Pitch Softball Rocklin, CA | $60,559 | $238,087 |
Jk Select Inc Woodland Hills, CA | $7,021 | $277,034 |