International Brotherhood Of Magicians Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Scott
President
$0
Mike Woodward
Treasurer
$0
Charles Arkin
Vice Preside
$0
Simone Marron
Secretary
$0
Billy Hsuch
President El
$0
Jason Michaels
Executive Co
$0

Financial Statements

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

Endowment Analysis

Beg. Balance$11,715
Earnings$3
Ending Balance$11,719

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