Magic Sports
- Assets
- $275.8k
- Revenue
- $329.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Round Rock, TX
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 30-0413742
Organization Overview
Magic Sports is located in Round Rock, TX. The organization was established in 2010. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Magic Sports employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Sports 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 12/2021, Magic Sports generated $329.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $276.5k during the year ending 12/2021. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION, AND TO CONDUCT NATIONAL AND INTERNATIONAL COMPETITION IN SPORTS. SUPPORT AND DEVELOP AMATEUR ATHLETES FOR THE COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGIC SPORTS PROVIDES TRAINING, COACHING AND SUPPORT TO FEMALE VOLLEYBALL PLAYERS IN ROUND ROCK, TX AND THE SURROUNDING AREAS. THE ORGANIZATION HAS SEVEN TEAMS WITH THE PLAYERS RANGING IN AGE FROM 11 TO 17 YEARS OF AGE. IN THE 2020-2021 SEASON MAGIC SPORTS HAD APPROXIMATELY 75 PLAYERS, INCLUDING THE TRAINING PROGRAM, AND COMPETED IN ABOUT 70 TOURNAMENTS IN THE STATE OF TEXAS AND NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeline Kazmann Director | Trustee | 40 | $21,000 |
Jordan Kazmann Director | OfficerTrustee | 30 | $15,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $328,973 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,400 |
| Payroll taxes | $2,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,232 |
| Advertising and promotion | $847 |
| Office expenses | $6,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,450 |
| Travel | $3,268 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $104,453 |
| Total functional expenses | $276,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,880 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $275,776 |
| Accounts payable and accrued expenses | $20,328 |
| 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 | $20,328 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $255,448 |
| Total liabilities and net assets/fund balances | $275,776 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Magic Sports has recieved totaling $168,758.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $84,356 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $84,356 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta Dallas, TX | $21,649,298 | $53,341,420 |
Dallas Country Club Dallas, TX | $88,595,655 | $22,324,352 |
Lakeside Country Club Houston, TX | $69,220,529 | $18,860,611 |
Brook Hollow Golf Club Dallas, TX | $62,764,529 | $18,371,146 |
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |