Magic Foundation
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Warrenville, IL
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 36-3673333
Organization Overview
Magic Foundation is located in Warrenville, IL. The organization was established in 1994. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Magic Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Foundation 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 Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $935.4k during the year ending 12/2021. 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 HELP CHILDREN AND THEIR FAMILIES WHOSE PHYSICAL GROWTH IS AFFECTED BY MEDICAL PROBLEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SPECIFIC ASSISTANCE TO FAMILIES OF CHILDREN WITH GROWTH DISORDERS. MAGIC FOUNDATION PROVIDES INFORMATION AND EDUCATION MATERIALS ON GROWTH DISORDERS THROUGH A NEWSLETTER AND WEBSITE. AN ANNUAL CONVENTION IS HELD TO PROVIDE FURTHER ASSISTANCE AND EDUCATION. MAGIC FOUNDATION ALSO PARTICIPATES IN INTERNATIONAL COALITION OF ORGANIZATIONS SUPPORTING ENDOCRINE PATIENTS, WHICH IS A FEDERATION OF PATIENT ADVOCATE ASSOCIATIONS REPRESENTING MORE THAN 35 COUNTRIES, MEDICAL SOCIETIES AND CHILD ADVOCATE SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Andrews CEO And Co-Founder | Officer | 40 | $113,622 |
Dianne Kremidas Executive Director | Officer | 40 | $94,685 |
Jamie Harvey Co-Founder/dir Tech Ed | Officer | 40 | $66,950 |
Teresa Tucker Co-Founder | Officer | 40 | $50,000 |
Rich Buckley Chairman | OfficerTrustee | 1 | $0 |
Ken Dickard Vice-Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,454 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,220,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,414,702 |
| Total Program Service Revenue | $0 |
| Investment income | $15,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,377 |
| Net Gain/Loss on Asset Sales | -$13,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,415,154 |
| 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. | $335,396 |
| Compensation of current officers, directors, key employees. | $33,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,808 |
| Payroll taxes | $33,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,537 |
| Fees for services: Other | $84,561 |
| Advertising and promotion | $14,846 |
| Office expenses | $64,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,499 |
| Travel | $22,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,296 |
| Interest | $1,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,036 |
| Insurance | $5,649 |
| All other expenses | $0 |
| Total functional expenses | $935,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,880 |
| Savings and temporary cash investments | $403,904 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $93,618 |
| 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 | $1,273,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,737,360 |
| Accounts payable and accrued expenses | $26,173 |
| 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 | $26,173 |
| Net assets without donor restrictions | $2,711,187 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,737,360 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Magic Foundation has recieved totaling $40,506.
| Awarding Organization | Amount |
|---|---|
George And Cindy Rusu Family Foundation Lancaster, PA PURPOSE: SUPPORT FOR PEOPLE W/GROWTH DISORDER | $10,300 |
Norman And Joan Kinsey Foundation El Cerrito, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT FUNCTION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,248 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $3,708 |
John F And Joan P Mullins Charitable Foundation Hinsdale, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Cerebral Palsy Heartland Berkeley, MO | $21,714,583 | $13,839,591 |
Opportunity Of North Central Wisconsin Inc Wausau, WI | $5,456,425 | $7,999,504 |
Cerebral Palsy Inc Green Bay, WI | $17,196,927 | $8,115,992 |
Curefa Foundation Inc Port Washington, WI | $3,628,378 | $2,819,191 |
United Cerebral Palsy Center For Disability Services Joliet, IL | $3,735,483 | $3,150,628 |
National Association Of Neonatal Nurses Chicago, IL | $1,978,150 | $2,104,976 |
Cerebral Palsy Of Southwestern Illinois Fairview Heights, IL | $3,197,425 | $1,946,488 |
Reach Services Inc Terre Haute, IN | $2,911,645 | $1,297,496 |
Great Lakes Hemophilia Foundation Inc Milwaukee, WI | $2,570,807 | $1,284,453 |
Midwest Asian Health Association - Maha Chicago, IL | $1,647,552 | $1,767,369 |
The Lyon Family Foundation Chicago, IL | $4,144,753 | $242,200 |
Magic Foundation Warrenville, IL | $2,737,360 | $1,415,154 |