Magnified Giving
- Assets
- $1.6m
- Revenue
- $741.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Cincinnati, OH
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 26-3519081
Organization Overview
Magnified Giving is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Magnified Giving employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnified Giving 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 06/2022, Magnified Giving generated $741.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $673.4k during the year ending 06/2022. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Magnified Giving has awarded 19 individual grants totaling $121,940. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS TO LOCAL CHARITIES THROUGH JUNIOR HIGH AND HIGH SCHOOL STUDENTS PARTICIPATING IN YOUTH PHILANTHROPY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE DISTRIBUTED THOUGH SCHOOL EDUCATION PROGRAMMING AND GIVING CIRCLES TO NONPROFIT ORGANIZATIONS. WE HAD 122 PROGRAMS PARTICIPATE AND AWARDED 177 GRANTS TO 131 NONPROFIT ORGANIZATIONS (SOME ARE CHOSEN BY MORE THAN ONE SCHOOL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Collison Executive Director | OfficerTrustee | 40 | $83,375 |
Anthony Reed Vice Chair | OfficerTrustee | 1 | $0 |
Casey Ruschman Secretary - Exit 6/30/22 | OfficerTrustee | 1 | $0 |
John Rasp Treasurer | OfficerTrustee | 1 | $0 |
Roger Grein President & Chair | OfficerTrustee | 1 | $0 |
Drew Hicks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $685,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,052 |
| Total Program Service Revenue | $11,285 |
| Investment income | $44,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,551 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,375 |
| Compensation of current officers, directors, key employees. | $4,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $6,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,554 |
| Advertising and promotion | $3,898 |
| Office expenses | $15,894 |
| Information technology | $8,901 |
| Royalties | $0 |
| Occupancy | $16,358 |
| Travel | $19,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,531 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $673,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $293,970 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $297,625 |
| Investments—publicly traded securities | $927,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,125 |
| Other assets | $0 |
| Total assets | $1,629,723 |
| Accounts payable and accrued expenses | $19,855 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,855 |
| Net assets without donor restrictions | $654,069 |
| Net assets with donor restrictions | $955,799 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,629,723 |
Grants Awarded
Over the last fiscal year, Magnified Giving has awarded $29,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Batavia, OH PURPOSE: General Program | $8,376 |
Cincinnati, OH PURPOSE: General Program | $8,153 |
Cincinnati, OH PURPOSE: General Program | $7,125 |
Fort Thomas, KY PURPOSE: General Program | $5,546 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Magnified Giving has recieved totaling $89,181.
| Awarding Organization | Amount |
|---|---|
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $25,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $21,500 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $12,500 |
Elsa M Heisel Sule Charitable Trust Ft Mitchell, KY PURPOSE: PROGRAM SUPPORT | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,500 |
Mead Foundation Brooklyn, OH PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $604,207 |
| Earnings | -$70,699 |
| Net Contributions | $100,399 |
| Ending Balance | $633,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Shared Information Services Inc Cincinnati, OH | $9,673,672 | $26,206,516 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |