Magic Canoe
- Assets
- $1.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- Data as of
- 12/2023
- EIN
- 85-2100120
Organization Overview
Magic Canoe is located in Portland, OR. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Canoe 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 Canoe generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $165.1k during the year ending 12/2023. While expenses have increased by 28.6% per year over the past 3 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
SUPPORT AND PROMOTE PUBLIC ENGAGEMENT IN REGENERATIVE LOCAL ACTIVITIES INCLUDING COMMUNITY ECONOMIC DEVELOPMENT, ENVIRONMENTAL PROTECTION, CULTURAL PRESERVATION AND EDUCATION IN A BIOREGIONAL SYSTEM OF WATERSHEDS THAT MAKE UP THE NORTH PACIFIC COAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDGE PRIZE INVITED ALL THOSE GROWING HEALTHY COMMUNITIES AND ECOSYSTEMS IN THE SALMON NATION BIOREGION- THE ENTREPRENEUR, THE COMMUNITY CATALYST, THE WISDOM-KEEPER, THE VISIONARY - WHO SEE JUST OVER THE HORIZON BOTH THE CHALLENGES WE'RE FACING, AND WHAT'S NEEDED TO CREATE A MORE CONNECTED AND RESILIENT WORLD.
MAGIC CANOE WORKS IN COLLABORATION WITH SALMON NATION TRUST: A PUBLIC BENEFIT LLC FOCUSED ON WHOLE SYSTEM DESIGN AND INSTIGATION OF CREATIVE INITIATIVES AND COMPANIES THAT IMPROVE THE HEALTH OF THE SALMON NATION BIOREGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Chen Treasurer/secretary | OfficerTrustee | 10 | $0 |
Ian Gill Chair | OfficerTrustee | 10 | $0 |
Linda Behnken Board Member | Trustee | 1 | $0 |
Lauren Kickham Board Member | Trustee | 1 | $0 |
Ryan Sheehy Board Member | Trustee | 1 | $0 |
Teresa Windsor Board Member | 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 | $2,107,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,107,848 |
| Total Program Service Revenue | -$474,630 |
| Investment income | $185 |
| 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 | $1,633,403 |
| 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 | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,375 |
| Compensation of current officers, directors, key employees. | $9,375 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,594 |
| Advertising and promotion | $563 |
| Office expenses | $8,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,365 |
| All other expenses | $0 |
| Total functional expenses | $165,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $442,136 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,285,555 |
| Intangible assets | $0 |
| Other assets | $980 |
| Total assets | $1,728,671 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,728,671 |
| Total liabilities and net assets/fund balances | $1,728,671 |