Magic Johnson Foundation Inc is located in Beverly Hills, CA. The organization was established in 1997. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2019, Magic Johnson Foundation Inc employed 2 individuals. Magic Johnson 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 12/2019, Magic Johnson Foundation Inc generated $168.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $523.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Magic Johnson Foundation Inc has awarded 35 individual grants totaling $725,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP PROGRAMS AND SUPPORT COMMUNITY-BASED ORGANIZATIONS THAT ADDRESS THE EDUCATIONAL, HEALTH AND SOCIAL NEEDS OF ETHNICALLY DIVERSE, URBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EMPOWERMENT CENTERS (CECS):ESTABLISHED IN 2001 MAGIC JOHNSON FOUNDATION COMMUNITY EMPOWERMENT CENTERS (CECS) ARE THE BRICK AND MORTAR ASPECT OF PROGRAMMING FOR MJF. ORIGINALLY CREATED AS A SOLUTION TO BRIDGING THE DIGITAL DIVIDE CECS NOW FUNCTION AS COMPREHENSIVE ONE STOP SERVICE CENTERS THAT ADDRESS THE EDUCATIONAL AND EMPOWERMENT NEEDS OF THE ENTIRE FAMILY. IN ADDITION TO TECHNOLOGY HARDWARE AND SOFTWARE, CECS ALSO PROVIDE ACCESS TO PROGRAMS THAT INCLUDE LITERACY (READING, FINANCIAL & HEALTH), ENTREPRENEURSHIP, WORKFORCE DEVELOPMENT AND MENTORING. MJF CURRENTLY HAS 11 FULLY EQUIPPED STATE OF THE ART TECHNOLOGY CENTERS (8 IN URBAN MARKETS AND 3 IN THE RURAL COMMUNITIES OF SOUTH CAROLINA. OUR CECS ARE MOVING FROM THE DEPENDENCIES OF PLACE-BASED PROGRAM AND ARE LEVERAGING WEB BASED PROGRAMS AND CONTENT TO MEET PEOPLE WHERE THEY ARE. MJF IS COMMITTED TO HARNESSING THE POWER OF TECHNOLOGY TO EDUCATE AND EMPOWER. TO DATE WE HAVE SERVED OVER 250,000 UNDUPLICATED USERS AND AWARDED OVER $6 MILLION DOLLARS IN HARDWARE AND SOFTWARE TO COMMUNITY-BASED ORGANIZATIONS.
TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP):THE TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP), FOUNDED IN 1998, IS APTLY NAMED AFTER TAYLOR MICHAELS, THE INSPIRING CHIEF OPERATING OFFICER FOR MAGIC JOHNSON ENTERPRISES WHO PASSED AWAY EARLIER THAT YEAR. THROUGHOUT HER LIFE, TAYLOR DISPLAYED AN INTENSE PASSION AND COMMITMENT TO YOUTH DEVELOPMENT. MJF TMSP PROVIDES MUCH MORE THAN A "CASH AND DASH" APPROACH. WE PRIDE OURSELVES ON A WRAPAROUND APPROACH THAT PROVIDES OUR SCHOLARS WITH SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL IN THEIR COLLEGE, PERSONAL AND PROFESSIONAL LIVES. OVER 525 MINORITY YOUTH HAVE BEEN SERVED AS PART OF TAYLOR'S LEGACY. MJF HAS PROVIDED OVER $3.8M IN TUITION AWARDS AND ADDITIONAL SUPPORT SERVICES THAT INCLUDE MENTORING, INTERNSHIPS AND LIFE SKILLS CONFERENCES AND EMPOWERMENT WEBINARS TO OUR SCHOLARS.
MJF SOCIAL EFFORTS:MJF SOCIAL EFFORTS ARE TO PROVIDE CHILDREN AND THEIR FAMILIES AN OPPORTUNITY TO EXPERIENCE LIFE BEYOND THEIR GEOGRAPHY AND FINANCIAL LIMITATIONS. SOCIAL EFFORTS ARE MJF'S RESPONSE TO BE OUR "BROTHER'S KEEPER". THE ANNUAL HOLIDAY PARTY IS TO PROVIDE ASSISTANCE TO FAMILIES THAT ARE EXPERIENCING FINANCIAL, HEALTH OR OTHER CRISIS DURING THE HOLIDAY SEASON. MJF HAS ALSO ADDED HOLIDAY HOPE TO OUR ROSTER OF SOCIAL ACTIVITIES. HOSTED IN MICHIGAN, HOLIDAY HOPE DELIVERS MUCH NEEDED FOOD AND PERSONAL EFFECTS TO FAMILIES IN TIME FOR THE SEASON.IN ADDITION TO HOLIDAY PARTIES, MJF CONTINUES TO PROVIDE YOUTH ACCESS TO SPORTING EVENTS AND OUTINGS SUCH AS PROFESSIONAL BALL GAMES, AMUSEMENT PARKS AND CONCERTS. TO DATE OUR COMBINED SOCIAL EFFORTS HAVE IMPACTED OVER 60K DISADVANTAGED YOUTH AND SERVED OVER 11,000 FAMILIES.
HIV/AIDS INITIATIVES:ESTABLISHED IN 1991, HIV/AIDS IS THE FOUNDING THE PRINCIPLE OF THE MAGIC JOHNSON FOUNDATION. WE HAVE MOVED FROM BEING PRIMARILY A GRANT MAKING ORGANIZATION TO BEING A PROACTIVE CHAMPION IN THE FIGHT TO RAISE AWARENESS AND BRING AN END TO THE EPIDEMIC IN COMMUNITIES OF COLOR. WE CONTINUE TO WORK WITH SOME OF THE MOST RESPECTED AUTHORITIES AND ORGANIZATIONS IN THE COUNTRY TO EDUCATE HIGH RISK INDIVIDUALS.SINCE THE PROGRAM LAUNCHED WE HAVE AWARDED OVER $14 MILLION IN GRANTS AND TESTED OVER 40K ADULTS IDENTIFYING POSITIVE RESULTS FOR OVER 1,000 TESTERS. MJF HIV/AIDS EFFORTS HAVE MOBILIZED OVER 89K INDIVIDUALS WITH THE "I STAND WITH MAGIC" ONLINE CAMPAIGN FIGHT AGAINST HIV/AIDS AND PROVIDED EDUCATION TO OVER 282,000 PEOPLE (INCLUDING TEEN SUMMITS) ABOUT HIV AND RISK FACTORS ASSOCIATED WITH THE DISEASE AND THE IMPORTANCE OF HIV TESTING. WE CONTINUE TO PROVIDE FREE HIV/AIDS TESTING AND HAVE EDUCATED OVER 300,000 INDIVIDUALS ABOUT HIV, RISK FACTORS ASSOCIATED WITH THE DISEASE AND THE IMPORTANCE OF HIV TESTING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Earvin Johnson Jr Founder/chairman | OfficerTrustee | 5 | $0 |
Earleatha Johnson Vice Chairperson/secretary | OfficerTrustee | 2 | $0 |
Clifton Johnson Treasurer | OfficerTrustee | 2 | $0 |
Shane Jenkins Vice President | Officer | 10 | $0 |
Kawanna Brown Board Member | Trustee | 2 | $0 |
Alescia Buford Board Member | Trustee | 2 | $0 |
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 | $168,151 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $168,151 |
Total Program Service Revenue | $0 |
Investment income | $26 |
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 | $168,177 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $435,000 |
Grants and other assistance to domestic individuals. | $2,000 |
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 | $35,568 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,142 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,500 |
Fees for services: Accounting | $12,264 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $666 |
Advertising and promotion | $0 |
Office expenses | $2,049 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $240 |
Insurance | $13,912 |
All other expenses | $0 |
Total functional expenses | $523,741 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
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 | $0 |
Total liabilities and net assets/fund balances | $0 |
Over the last fiscal year, Magic Johnson Foundation Inc has awarded $435,000 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
Los Angeles, CA PURPOSE: CEC | $105,000 |
New York, NY PURPOSE: CEC | $75,000 |
HOLLYROD FOUNDATION PURPOSE: HIV/HEALTH EDUCATION | $50,000 |
Oakland, CA PURPOSE: HIV/HEALTH EDUCATION | $50,000 |
Los Angeles, CA PURPOSE: SOCIAL EFFORTS | $30,000 |
Los Angeles, CA PURPOSE: SOCIAL EFFORTS | $25,000 |
Over the last fiscal year, we have identified 1 grants that Magic Johnson Foundation Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Beg. Balance | $255,317 |
Grants | $255,317 |
Organization Name | Assets | Revenue |
---|---|---|
Council On Chiropractic Education Inc Scottsdale, AZ | $6,315,274 | $1,813,854 |
Music Movement Inc Laguna Niguel, CA | $437,572 | $782,748 |
Magic Johnson Foundation Inc Beverly Hills, CA | $0 | $168,177 |
Facial Paralysis And Bell S Palsy Foundation Beverly Hills, CA | $75,687 | $470,962 |
Cancer Support Community-California Central Coast Templeton, CA | $1,352,746 | $475,463 |
Cancer Schmancer Foundation Malibu, CA | $691,443 | $458,798 |
Maximum Hope Foundation Los Angeles, CA | $192,035 | $196,381 |
The Alyssa Araiza Wings Of Angels Organization Redding, CA | $204,075 | $242,023 |
National Odd Shoe Exchange Chandler, AZ | $149,810 | $340,066 |
Asociacion Latino Americana De Cirujanos De Catarata Y Segmento Laguna Beach, CA | $493,084 | $368 |
Fighting Pretty Inc Portland, OR | $144,794 | $130,405 |
Circulo De Vida Cancer Support And Resource Center San Francisco, CA | $67,973 | $139,602 |