Share The Magic Foundation Inc
- Assets
- $964.6k
- Revenue
- $657.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-1221582
Organization Overview
Share The Magic Foundation Inc is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Share The Magic Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share The Magic 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 12/2021, Share The Magic Foundation Inc generated $657.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $368.8k 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 PROMOTE THE LONG-TERM BENEFITS OF READING AND BOOK OWNERSHIP AMONG STUDENTS IN TITLE 1 SCHOOLS AND UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE VIRTUAL READING CHALLENGES, LITERACY ADVOCACY AND PROGRAMMING, BOOK OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Mitchell CEO | OfficerTrustee | 40 | $92,705 |
Anne Sapp Executive Director | Officer | 40 | $24,000 |
David J Sapp CFO | Officer | 5 | $0 |
Roy Neill Director | Trustee | 1 | $0 |
Patricia Adams Director | Trustee | 1 | $0 |
John Parker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,726 |
| Total Program Service Revenue | $113,464 |
| Investment income | $3,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,290 |
| 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. | $116,704 |
| Compensation of current officers, directors, key employees. | $11,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,548 |
| Pension plan accruals and contributions | $1,838 |
| Other employee benefits | $3,771 |
| Payroll taxes | $47,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,397 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $47,696 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,817 |
| 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 | $3,472 |
| All other expenses | $0 |
| Total functional expenses | $368,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $8,945 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $421,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $964,587 |
| Accounts payable and accrued expenses | $3,453 |
| 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 | $70,000 |
| Total liabilities | $73,453 |
| 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 | $891,134 |
| Total liabilities and net assets/fund balances | $964,587 |
Grants Awarded
Over the last fiscal year, Share The Magic Foundation Inc has awarded $26,585 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: TO SUPPORT READING ROOM | $10,000 |
READ BOSTON PURPOSE: TO SUPPORT READING PROGRAM | $9,035 |
PAGE TURNERS MAKE GREAT LEARNERS INC PURPOSE: TO SUPPORT READING PROGRAM | $7,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Share The Magic Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Mr & Mrs Jack K Holland Family Foundation Atlanta, GA PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |