International Brotherhood Of Magicians Inc is located in Saint Charles, MO. The organization was established in 1958. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, International Brotherhood Of Magicians Inc employed 4 individuals. This organization is the central organization for a national or regional group of organizations. International Brotherhood Of Magicians Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, International Brotherhood Of Magicians Inc generated $591.6k 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 (4.1%) each year. All expenses for the organization totaled $460.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. 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
TO PROMOTE MAGICAL ARTS IN THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE MAGICAL ARTS AND PROVIDE EDUCATION THROUTH THE MONTHLY MAGAZINE, ANNUAL CONVENTION AND WEB SITE TO APPROXIMATELY 7,800 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ken Scott President | Officer | 5 | $0 |
Mike Woodward Treasurer | Officer | 5 | $0 |
Charles Arkin Vice Preside | Officer | 5 | $0 |
Simone Marron Secretary | Officer | 5 | $0 |
Billy Hsuch President El | Officer | 2 | $0 |
Jason Michaels Executive Co | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $411,506 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $76,027 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $487,533 |
Total Program Service Revenue | $20,825 |
Investment income | $15,419 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $37,515 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $591,573 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $137,969 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,876 |
Fees for services: Management | $0 |
Fees for services: Legal | $339 |
Fees for services: Accounting | $12,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $38,432 |
Information technology | $11,591 |
Royalties | $0 |
Occupancy | $28,470 |
Travel | $842 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,472 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $39,348 |
Total functional expenses | $460,426 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $191,882 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,484 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $15,808 |
Prepaid expenses and deferred charges | $21,723 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $894,979 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,613 |
Total assets | $1,131,489 |
Accounts payable and accrued expenses | $12,941 |
Grants payable | $0 |
Deferred revenue | $349,264 |
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 | $362,205 |
Net assets without donor restrictions | $757,566 |
Net assets with donor restrictions | $11,718 |
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 | $1,131,489 |
Beg. Balance | $11,715 |
Earnings | $3 |
Ending Balance | $11,719 |
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Air Movement And Control Association International Inc Arlington Heights, IL | $6,751,049 | $7,177,244 |
Sos International Inc Louisville, KY | $6,863,271 | $5,176,148 |
International Interior Design Assn Chicago, IL | $16,520,417 | $5,584,820 |
Global Implementation Solutions Chicago, IL | $621,233 | $3,805,000 |
International Association Of Lighting Designers Elmhurst, IL | $7,501,352 | $920,547 |
International Association Of Bridge Structural & Ornamental Iron Wkrs- Cedar Rapids, IA | $1,575,158 | $1,169,729 |
International Association Of Plastics Distributors 11-01-91 Overland Park, KS | $3,426,302 | $1,754,734 |
International Association Of Bridge Structural & Ornamental Ironworker Nashville, TN | $2,797,461 | $1,940,764 |
International Union Of Elevator Constructors Kansas City, MO | $1,248,355 | $912,456 |
International Union Of Elevator Constructors Goodlettsville, TN | $1,542,035 | $862,322 |
International Society Of Appraisers Chicago, IL | $1,088,646 | $959,691 |
International Association Of Bridge Chattanooga, TN | $1,126,575 | $1,165,821 |