Orlando Magic Youth Foundation Inc
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1990
- Data as of
- 06/2021
- EIN
- 59-2940230
Organization Overview
Orlando Magic Youth Foundation Inc is located in Orlando, FL. The organization was established in 1990. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Magic Youth Foundation Inc 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 06/2021, Orlando Magic Youth Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 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.
Since 2021, Orlando Magic Youth Foundation Inc has awarded 15 individual grants totaling $1,000,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORLANDO MAGIC YOUTH FOUNDATION IS COMMITTED TO HELPING EVERY CHILD IN CENTRAL FLORIDA REALIZE THEIR FULL POTENTIAL, ESPECIALLY THOSE MOST AT RISK, BY SUPPORTING PROGRAMS AND PARTNERSHIPS THAT EMPOWER FAMILIES AND CHANGE LIVES. MOST SIGNIFICANT ACTIVITIES: FUNDRAISING, WINE FESTIVAL, GOLF TOURNAMENT AND AUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO ORGANIZATIONS THAT ALIGN WITH OMYF'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Landman Gonzalez President & Secretary | Officer | 4 | $0 |
Dan Devos Chairman | Officer | 0 | $0 |
Jim Fritz Treasurer | Officer | 0.25 | $0 |
Pamella Devos Director | Trustee | 0 | $0 |
Alex Martins Director | Trustee | 0 | $0 |
Charlie Freeman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,528 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,284,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,421,593 |
| Total Program Service Revenue | $0 |
| 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 | -$18,102 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,403,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,001,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $215,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $3,464 |
| Information technology | $413 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $1,222,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $379,935 |
| 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 | $1,082,991 |
| Accounts payable and accrued expenses | $51,772 |
| Grants payable | $0 |
| Deferred revenue | $153,000 |
| 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 | $204,772 |
| 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 | $878,219 |
| Total liabilities and net assets/fund balances | $1,082,991 |
Grants Awarded
Over the last fiscal year, Orlando Magic Youth Foundation Inc has awarded $1,000,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Altamonte Springs, FL PURPOSE: PROGRAM FUNDING | $100,000 |
Orlando, FL PURPOSE: PROGRAM FUNDING | $100,000 |
Winter Park, FL PURPOSE: PROGRAM FUNDING | $100,000 |
Jacksonville, FL PURPOSE: PROGRAM FUNDING | $100,000 |
Orlando, FL PURPOSE: PROGRAM FUNDING | $100,000 |
Orlando, FL PURPOSE: PROGRAM FUNDING | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Orlando Magic Youth Foundation Inc has recieved totaling $1,105,000.
| Awarding Organization | Amount |
|---|---|
Daniel & Pamella Devos Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $340,000 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $315,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $315,000 |
Cdv5 Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $90,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Jk Knights Foundation Boston, MA PURPOSE: UNRESTRICTED | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kevin Durant Charity Foundation Miami, FL | $727,254 | $2,987,133 |
Orlando Magic Youth Foundation Inc Orlando, FL | $1,082,991 | $1,403,491 |
The Foundation For The Boys & Girls Clubs Inc Bradenton, FL | $14,306,410 | $643,670 |
Georginas Dream Foundation Inc Cooper City, FL | $1,658,262 | $1,142,949 |
Childrens Fund Foundation Inc Ashland, AL | $842,126 | $1,386,131 |
Mckenzie Noelle Wilson Foundation Ponte Vedra Beach, FL | $1,600,288 | $46,540 |
Atlanta Charity Clays Inc Atlanta, GA | $645,655 | $485,330 |
The Little Lighthouse Foundation Inc Miami, FL | $565,819 | $512,029 |
South Beach Seafood Festival Miami, FL | $397 | $131,758 |
Its 4 The Kids Miami, FL | $383,186 | $334,206 |
Lazydays Employee Foundation Inc Seffner, FL | $626,877 | $169,642 |
100 Plus Heartbeats For Patches Inc Miami, FL | $36,803 | $0 |