Magic Moments Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $1.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1986
- Data as of
- 12/2023
- EIN
- 63-0887875
Organization Overview
Magic Moments Inc is located in Birmingham, AL. The organization was established in 1986. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Moments 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 12/2023, Magic Moments Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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
GRANT NON-MEDICAL WISHES TO ALABAMA CHILDREN AGES 4-18 WHO HAVE BEEN DIAGNOSED WITH LIFE-THREATENING ILLNESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT NON-MEDICAL WISHES TO ALABAMA CHILDREN AGES 4-18 WHO HAVE BEEN DIAGNOSED WITH LIFE-THREATENING ILLNESSES
PROVIDE AN ANNUAL FAMILY CAMP FOR CHILDREN WHO WERE GRANTED MAGIC MOMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Clark Board Member | Trustee | 5 | $0 |
Buffie Marks Member Emeritus | Trustee | 5 | $0 |
Jim Heilbron Board Member | Trustee | 5 | $0 |
Adam Peck Board Member | Trustee | 5 | $0 |
Garland Youngblood Board Member | Trustee | 5 | $0 |
Agatha Pihakis Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,034,363 |
| Related organizations | $0 |
| Government grants | $121,813 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,521,221 |
| Total Program Service Revenue | $0 |
| Investment income | $49,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,995 |
| Net Income from Fundraising Events | -$389,229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,179,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $588,156 |
| 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 | $314,856 |
| Pension plan accruals and contributions | $5,499 |
| Other employee benefits | $11,081 |
| Payroll taxes | $24,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,183 |
| Fees for services: Other | $15,294 |
| Advertising and promotion | $0 |
| Office expenses | $11,937 |
| Information technology | $1,828 |
| Royalties | $0 |
| Occupancy | $22,000 |
| Travel | $4 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,913 |
| All other expenses | -$3,644 |
| Total functional expenses | $1,048,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $728,677 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| 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 | $12,702 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,066,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,827,669 |
| Accounts payable and accrued expenses | $25,384 |
| Grants payable | $0 |
| Deferred revenue | $70,256 |
| 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 | $265,000 |
| Total liabilities | $360,640 |
| Net assets without donor restrictions | $1,445,418 |
| Net assets with donor restrictions | $21,611 |
| 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 | $1,827,669 |