Civic Intelligence

Magic Years Inc.

990 • Fiscal year 2023 • EIN 04-2529275

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Organization ProfileWWW.MAGICYEARSBYTHESEA.ORG
Pobox 215Manchester, MA 01944

(978) 526-4750

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$45,139

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

82nd percentile

39%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

5.6%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$333,480

Up $92,827 (+39%) from 2022

Net Assets

Up

$333,480

Up $92,827 (+39%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin86th percentile

Revenue

Up

$244,588

Up $13,066 (+5.6%) from 2022

Expenses

Up

$151,761

Up $28,648 (+23%) from 2022

Net Income

Down

$92,827

Down $15,582 (-14%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2021: $114,241Liabilities 2021: $0Net Assets 2021: $114,2412021Assets 2022: $240,653Liabilities 2022: $0Net Assets 2022: $240,6532022Assets 2023: $333,480Liabilities 2023: $0Net Assets 2023: $333,4802023Assets 2024: $401,593Liabilities 2024: $0Net Assets 2024: $401,5932024

Highlighted filing

2023

Assets$333,480
Liabilities$0
Net Assets$333,480
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Revenue 2021: $100,094Expenses 2021: $88,252Net Income 2021: $11,8422021Revenue 2022: $231,522Expenses 2022: $123,113Net Income 2022: $108,4092022Revenue 2023: $244,588Expenses 2023: $151,761Net Income 2023: $92,8272023Revenue 2024: $239,811Expenses 2024: $171,698Net Income 2024: $68,1132024

Highlighted filing

2023

Revenue$244,588
Expenses$151,761
Net Income$92,827
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$246,134
Mission and Program Overview

Mission

Magic years school's mission is to help children grow in self confidence, gain social skills, and foster a love of learning. The organization offer spacious classrooms, adventurous outdoor spaces, and experienced and committed staff. The organization focus on the development of the whole child, offer morning and afternoon sessions, outdoor play everyday, and integreated enrichment activites.

Magic years is a cooperative preschool providing an environment in which a child can grow in self-confidence, gain friendships and social skills, solve problems and foster and excitment for learning. A school of 20-24 students and 2 teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,651$268,439▲ $55,788
Land, Buildings, and Equipment, Net$14,597$51,636▲ $37,039
Total Assets$240,653$333,480▲ $92,827
Other Assets Total$13,405$13,405→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$240,653$333,480▲ $92,827
Total Net Assets Fund Balance$240,653$333,480▲ $92,827
Total Liabilities and Net Assets / Fund Balance$240,653$333,480▲ $92,827

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0--
Equipment$51,636$7,414-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleOtherTotal
Wendy SullivanDirector$45,139$45,139

Board Members and Trustees

NameTitle
Adrienne SweetPresident
Caitlin McshearPresident
Alicia PalmerClerk
Ryann HiltonMembership
Carolyn BergeronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,800
Program Service Revenue
$190,584
Investment Income
$2,280
Other Revenue
$6,924
All Other Contributions
$4,000
Change in Net Assets
$92,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$103,519
Other Expenses$48,242
Total Fundraising Expense$7,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,739$9,614$4,808$96,161
Occupancy$9,049$1,065$532$10,646
All Other Expenses$7,951$936$468$9,355
Payroll Taxes$5,518$1,104$736$7,358
Depreciation Depletion$5,389$634$317$6,340
Insurance$2,058$242$121$2,421
Other Expenses$1,891$223$111$2,225
Office Expenses$1,519$179$89$1,787
Information Technology$830$98$49$977
Fees for Services Accounting$572$67$19$658
Conferences and Meetings$237$28$14$279
Advertising$71$6$5$82
Total Functional Expenses$128,263$15,542$7,956$151,761
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,470
Fundraising Direct Expenses$1,546
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no seperate committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The board reviewed the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Possible conflicts of interest are reviewed annually by the board pusuant to the bylaws”

Form 990, Part VI, Section C, Line 19

“The organization does make their governing documents and financail statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Magic Years School Inc
EIN
04-2529275
Phone
9785264750
Address
POBOX 215, MANCHESTER, MA 01944

Signing Officer

Name
Elisa Stern
Title
Treasurer
Phone
9785264750
Signed
2024-05-14

Organization Details

Principal Officer
Elisa Stern
Formed
1973
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
30

Preparer

Firm
Pamela C Boardway CPA Pc
Address
176 NORTH STREET, SALEM, MA 01970
Preparer
Pamela C Boardway CPA
Phone
9785948575
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NON DISCRIMINATORY POLICY FOR MAGIC YEARS SCHOOL IS WRITTEN IN THE PARENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO SEPERATE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWED THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POSSIBLE CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY BY THE BOARD PUSUANT TO THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES MAKE THEIR GOVERNING DOCUMENTS AND FINANCAIL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0240653
IRS990/TotalAssetsEOYAmt0333480
IRS990/TotalAssetsGrp/BOYAmt0240653
IRS990/TotalAssetsGrp/EOYAmt0333480
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt044800
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07956
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015542
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128263
IRS990/TotalFunctionalExpensesGrp/TotalAmt0151761
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0240653
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0333480
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0128263
IRS990/TotalProgramServiceRevenueAmt0190584
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06924
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192864
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0244588
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0240653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0333480
IRS990/TotReportableCompRltdOrgAmt045139
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt00 MASCONOMO STREET
IRS990/USAddress/CityNm0MANCHESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001944
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MAGICYEARSBYTHESEA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELISA STERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09785264750
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC YEARS SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0042529275
ReturnHeader/Filer/PhoneNum09785264750
ReturnHeader/Filer/USAddress/AddressLine1Txt0POBOX 215
ReturnHeader/Filer/USAddress/CityNm0MANCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001944
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822807159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAMELA C BOARDWAY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0176 NORTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001970
ReturnHeader/PreparerPersonGrp/PhoneNum09785948575
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA C BOARDWAY CPA
ReturnHeader/ReturnTs02024-05-14T10:21:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STERN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$333,480
Liabilities
$0
Net assets
$333,480
Revenue
$244,588
Expenses
$151,761
Net income
$92,827
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$2.40$1.72$0.68
2023Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$2.45$1.52$0.93
2022Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$2.32$1.23$1.08
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$1.00$0.88$0.12