Magic Foundation
- Assets
- $2.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Warrenville, IL
- Founding
- 01/1994
- Data as of
- 12/2023
- 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 12/2023, Magic Foundation employed 10 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 12/2023, Magic Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 8 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
2023
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 |
|---|---|---|---|
Rich Buckley Chairman | OfficerTrustee | 1 | $0 |
Ken Dickard Vice-Chairman | OfficerTrustee | 1 | $0 |
Courtney Lance-Morakalis Director/secretary | OfficerTrustee | 1 | $0 |
Brian Papo Director | Trustee | 1 | $0 |
James Andrews Director | Trustee | 1 | $0 |
Russ Hazael Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,245,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,260,658 |
| Total Program Service Revenue | $0 |
| Investment income | $11,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,728 |
| Net Gain/Loss on Asset Sales | -$6,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,747 |
| 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. | $229,755 |
| Compensation of current officers, directors, key employees. | $23,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,875 |
| Payroll taxes | $39,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,805 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,525 |
| Fees for services: Other | $91,493 |
| Advertising and promotion | $11,131 |
| Office expenses | $63,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,235 |
| Travel | $36,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,143 |
| Insurance | $10,116 |
| All other expenses | $0 |
| Total functional expenses | $1,219,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,955 |
| Savings and temporary cash investments | $90,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $97,546 |
| 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 | $1,196,674 |
| Investments—publicly traded securities | $291,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,758,895 |
| Accounts payable and accrued expenses | $27,791 |
| 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 | $27,791 |
| Net assets without donor restrictions | $2,731,104 |
| 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 | $2,758,895 |