Magical Bridge Foundation
- Assets
- $4.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Palo Alto, CA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-2377796
Organization Overview
Magical Bridge Foundation is located in Palo Alto, CA. The organization was established in 2016. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Magical Bridge Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magical Bridge 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, Magical Bridge Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. 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
MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WE CONTINUED TO WORK ON THE DESIGN AND DEVELOPMENT OF THREE PLAYGROUND PROJECTS LOCALLY IN MOUNTAIN VIEW, SANTA CLARA, AND AT CESAR CHAVEZ MIDDLE SCHOOL IN EAST PALO ALTO. WE ALSO CONTINUED DESIGN WORK ON TWO PLAYGROUNDS IN SINGAPORE, ONE AT THE NATIONAL MUSEUM, AND ANOTHER AT SUN PLAZA PARK. LASTLY, WE ENTERED INTO A NEW LICENSING AND CONSULTING AGREEMENT WITH THE CITY OF DALY CITY FOR A MAGICAL BRIDGE IN HILLSIDE PARK.IN 2023, WE SUPPORTED THE OPENING OF OUR FIRST INTERNATIONAL PROJECT IN HAMILTON NEW ZEALAND.DEVELOPED NEW OPPORTUNITIES AND PRODUCED COMPREHENSIVE DESIGN GUIDELINES TO SUPPORT FUTURE LICENSING PROJECTS. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY, ESPECIALLY WITHIN THE SCHOOL CONTEXT. WE DID EXTENSIVE WORK ON REIMAGINING SCHOOL PLAYGROUNDS BY CREATING TEMPLATES FOR SMALL FORMAT AND AFFORDABLE MAGICAL BRIDGE DESIGNS THAT FIT WITHIN STANDARD SCHOOL PLAYGROUND FOOTPRINTS. WE ALSO CREATED COMPANION EDUCATIONAL MATERIAL TO LEVERAGE THE REIMAGINING OF SCHOOL PLAYGROUNDS TO EDUCATE ABOUT UNIVERSAL DESIGN, CIVIC ENGAGEMENT, AND STEM.
PROVIDED ONSITE PROGRAMMING FOR OUR CURRENTLY OPEN PLAYGROUNDS INCLUDING A KINDNESS AMBASSADOR PROGRAM, A SUMMER MUSIC CONCERT SERIES, AND A VARIETY OF THOUGHTFULLY DESIGNED PROGRAMMING FOR ALL AGES AND ALL ABILITIES ON AND OFF THE PLAYGROUND.
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 |
|---|---|---|---|
Ian Bain Chair | OfficerTrustee | 1 | $0 |
Melissa Rick Secretary | OfficerTrustee | 1 | $0 |
Todd Parmacek Treasurer | OfficerTrustee | 1 | $0 |
Intekhab Nazeer Treasurer (thru 6/26/23) | OfficerTrustee | 1 | $0 |
Ted Drake Director | Trustee | 1 | $0 |
Leland Levy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $487,011 |
| Noncash contributions included in lines 1a–1f | $50,937 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,011 |
| Total Program Service Revenue | $720,634 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,207,645 |
| 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. | $277,312 |
| Compensation of current officers, directors, key employees. | $22,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,511 |
| Payroll taxes | $41,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,073 |
| Fees for services: Accounting | $65,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330,945 |
| Advertising and promotion | $0 |
| Office expenses | $7,810 |
| Information technology | $40,965 |
| Royalties | $0 |
| Occupancy | $102,800 |
| Travel | $3,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $729 |
| Insurance | $12,079 |
| All other expenses | $0 |
| Total functional expenses | $2,472,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,299,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,744 |
| 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 | $15,032 |
| Net Land, buildings, and equipment | $2,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,598,373 |
| Accounts payable and accrued expenses | $78,944 |
| 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 | $78,944 |
| Net assets without donor restrictions | $887,284 |
| Net assets with donor restrictions | $3,632,145 |
| 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 | $4,598,373 |