Magical Bridge Foundation
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Palo Alto, CA
- Founding
- 12/2016
- Data as of
- 12/2021
- 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 12/2021, Magical Bridge Foundation employed 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 2021, WE CONTINUED TO WORK ON THE DESIGN AND DEVELOPMENT OF TWO PLAYGROUND PROJECTS LOCALLY, ONE IN MOUNTAIN VIEW AND THE OTHER IN SANTA CLARA, CA. WE ALSO CONTINUED CONCEPTUAL WORK ON TWO PLAYGROUND IN SINGAPORE, ONE AT THE NATIONAL MUSEUM, AND ANOTHER AT SUN PLAZA PARK.IN 2021, WE OPENED TWO NEW PLAYGROUNDS, ONE AT THE CURIODDSSEY MUSEUM IN SAN MATEO, CA, AND THE OTHER AT ADDISON ELEMENTARY SCHOOL IN PALO ALTO, CA. IN THE CITY OF MORGAN HILL AND SUNNYVALE, OUR TWO REGIONAL DESTINATION PLAYGROUND PROJECTS WENT INTO CONSTRUCTION PHASES, WITH SUPPORT AND OBSERVATION BY MAGICAL BRIDGE FOUNDATION TO ASSURE PLAYGROUNDS MEET OUR HIGH INCLUSIVE STANDARDS.DEVELOPED NEW OPPORTUNITIES AND PRODUCED PRELIMINARY DESIGN SPECIFICATIONS FOR FUTURE PLAYGROUND PROJECTS, INCLUDING AIDING CITIES TO APPLY FOR STATE GRANTS THROUGH PROP 68, AND DESIGNED CONCEPTUAL DEVELOPMENT FOR A PLAYGROUND AT THE CESAR CHAVEZ RAVENSWOOD MIDDLE SCHOOL IN EAST PALO ALTO. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY. CONTINUED EFFORTS TO INNOVATE THE EXPERIENCES AT THE PLAYGROUNDS THROUGH INNOVATIVE EQUIPMENT, AND INNOVATIVE DESIGN PRACTICES.
PROVIDED ONSITE PROGRAMMING FOR OUR CURRENTLY OPEN PLAYGROUNDS INCLUDING A KINDNESS AMBASSADOR PROGRAM FOR TEEN STUDENTS AND A SUMMER MUSIC CONCERT SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Hoffspiegel Executive Director | OfficerTrustee | 40 | $188,333 |
Peter Jensen Lead Designer | 40 | $176,161 | |
Olenka Villarreal CEO | OfficerTrustee | 40 | $175,124 |
Maria Hassid Director Of Operations | 40 | $143,505 | |
Holly Wade PHD Chair | OfficerTrustee | 1 | $0 |
Melissa Rick Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,975,469 |
| Noncash contributions included in lines 1a–1f | $26,558 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,059,669 |
| Total Program Service Revenue | $423,350 |
| 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 | $2,483,019 |
| 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. | $415,867 |
| Compensation of current officers, directors, key employees. | $27,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,246 |
| Payroll taxes | $65,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,573 |
| Fees for services: Accounting | $71,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,720 |
| Advertising and promotion | $0 |
| Office expenses | $18,756 |
| Information technology | $63,061 |
| Royalties | $0 |
| Occupancy | $102,000 |
| Travel | $515 |
| 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 | $9,582 |
| Insurance | $13,822 |
| All other expenses | $0 |
| Total functional expenses | $2,165,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,414,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,468 |
| 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 | $7,009 |
| Net Land, buildings, and equipment | $5,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,500,212 |
| Accounts payable and accrued expenses | $100,303 |
| 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 | $100,303 |
| Net assets without donor restrictions | $442,827 |
| Net assets with donor restrictions | $1,957,082 |
| 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 | $2,500,212 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Magical Bridge Foundation has recieved totaling $197,457.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $62,332 |
Anne Wojcicki Foundation Los Altos, CA PURPOSE: PALO ALTO SITE SUPPORT | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Sutter Bay Hospitals Sacramento, CA PURPOSE: PROGRAM SUPPORT | $25,000 |
Troper Wojcicki Foundation Los Altos, CA PURPOSE: PALO ALTO SITE SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Parks Alliance San Francisco, CA | $18,998,455 | $13,460,764 |
Yosemite Foundation San Francisco, CA | $37,489,073 | $19,130,679 |
California State Parks Foundation San Francisco, CA | $15,437,554 | $10,182,673 |
Western National Parks Association Tucson, AZ | $16,969,884 | $10,617,011 |
City Fields Foundation San Francisco, CA | $32,251 | $525,011 |
Cherokee Memorial Park Lodi, CA | $30,465,199 | $7,494,218 |
Save Mount Diablo Walnut Creek, CA | $23,107,721 | $3,476,517 |
Crystal Cove Conservancy Newport Coast, CA | $7,212,040 | $4,737,613 |
Roosevelt Memorial Park Asso Gardena, CA | $6,728,586 | $5,961,574 |
Oaks Park Association Portland, OR | $15,243,848 | $2,154,099 |
Oakland Childrens Fairyland Inc Oakland, CA | $2,041,774 | $4,880,926 |
Gage Canal Company Riverside, CA | $3,778,956 | $3,287,704 |