Civic Intelligence

Magic Garden Inc.

990 • Fiscal year 2017 • EIN 04-2762641

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 15, 2018

Organization ProfileWWW.MAGIC-GARDEN.ORG
PO Box 34 Ballfield RoadLincoln, MA 01773

(781) 259-8161

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

62nd percentile

8.0%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$84,852

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$1,175,409

Up $135,030 (+13%) from 2016

Net Assets

Up

$1,008,823

Up $93,314 (+10%) from 2016

Liabilities

Up

$166,586

Up $41,716 (+33%) from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin62nd percentile

Revenue

Up

$1,167,193

Up $230,912 (+25%) from 2016

Expenses

Up

$1,073,879

Up $104,205 (+11%) from 2016

Net Income

Up

$93,314

Up $126,707 (+379%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $873,600Liabilities 2012: $108,500Net Assets 2012: $765,1002012Assets 2013: $946,000Liabilities 2013: $91,700Net Assets 2013: $854,3002013Assets 2014: $1,018,500Liabilities 2014: $88,100Net Assets 2014: $930,4002014Assets 2015: $1,070,600Liabilities 2015: $99,200Net Assets 2015: $971,4002015Assets 2016: $1,040,379Liabilities 2016: $124,870Net Assets 2016: $915,5092016Assets 2017: $1,175,409Liabilities 2017: $166,586Net Assets 2017: $1,008,8232017Assets 2018: $1,331,488Liabilities 2018: $209,808Net Assets 2018: $1,121,6802018Assets 2019: $1,313,371Liabilities 2019: $226,624Net Assets 2019: $1,086,7472019Assets 2020: $1,202,706Liabilities 2020: $127,234Net Assets 2020: $1,075,4722020Assets 2021: $1,226,793Liabilities 2021: $212,825Net Assets 2021: $1,013,9682021Assets 2022: $1,669,759Liabilities 2022: $203,546Net Assets 2022: $1,466,2132022Assets 2023: $2,226,029Liabilities 2023: $287,731Net Assets 2023: $1,938,2982023Assets 2024: $2,225,441Liabilities 2024: $277,439Net Assets 2024: $1,948,0022024Assets 2025: $2,218,814Liabilities 2025: $245,913Net Assets 2025: $1,972,9012025

Highlighted filing

2017

Assets$1,175,409
Liabilities$166,586
Net Assets$1,008,823
Open 2017 Filing

Operations Trend

Revenue Growth76th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $960,300Expenses 2012: $938,700Net Income 2012: $21,6002012Revenue 2013: $1,052,600Expenses 2013: $963,400Net Income 2013: $89,2002013Revenue 2014: $1,119,100Expenses 2014: $1,043,000Net Income 2014: $76,1002014Revenue 2015: $941,200Expenses 2015: $900,200Net Income 2015: $41,0002015Revenue 2016: $936,281Expenses 2016: $969,674Net Income 2016: -$33,3932016Revenue 2017: $1,167,193Expenses 2017: $1,073,879Net Income 2017: $93,3142017Revenue 2018: $1,325,691Expenses 2018: $1,212,834Net Income 2018: $112,8572018Revenue 2019: $1,510,661Expenses 2019: $1,545,594Net Income 2019: -$34,9332019Revenue 2020: $1,592,390Expenses 2020: $1,603,665Net Income 2020: -$11,2752020Revenue 2021: $1,491,823Expenses 2021: $1,553,327Net Income 2021: -$61,5042021Revenue 2022: $2,183,316Expenses 2022: $1,731,071Net Income 2022: $452,2452022Revenue 2023: $2,191,767Expenses 2023: $1,719,682Net Income 2023: $472,0852023Revenue 2024: $1,844,440Expenses 2024: $1,834,736Net Income 2024: $9,7042024Revenue 2025: $2,071,534Expenses 2025: $2,046,635Net Income 2025: $24,8992025

Highlighted filing

2017

Revenue$1,167,193
Expenses$1,073,879
Net Income$93,314
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 15, 2018
Return Version
2016v3.0
Gross Receipts
$1,179,379
Mission and Program Overview

Mission

Magic garden children's center was founded on the principle that children learn best by engaging in a diverse curriculum of hands-on activities. In our warm and nurturing environment, children find friendship and support as they broaden their understanding of themselves, others, and the world around them. We empower children to be confident in their individual identities, respectful of different perspectives, and aware of the rich diversity of their community and world. Magic garden seeks to cultivate children's natural curiosity and promote a lifetime love of learning.

PRESCHOOL EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$609,968$613,328▲ $3,360
Cash and Non-Interest-Bearing Accounts$184,865$330,997▲ $146,132
Land, Buildings, and Equipment, Net$221,431$214,528▼ $6,903
Prepaid Expenses and Deferred Charges$13,647$8,191▼ $5,456
Accounts Receivable$5,473$4,480▼ $993
Intangible Assets$4,995$3,885▼ $1,110
Total Assets$1,040,379$1,175,409▲ $135,030
Liabilities
Other Liabilities$77,000$84,000▲ $7,000
Accounts Payable and Accrued Expenses$47,870$82,586▲ $34,716
Total Liabilities$124,870$166,586▲ $41,716
Net Assets / Fund Balance
Unrestricted Net Assets$912,918$1,004,773▲ $91,855
Temporarily Rstr Net Assets$2,591$4,050▲ $1,459
Total Net Assets Fund Balance$915,509$1,008,823▲ $93,314
Total Liabilities and Net Assets / Fund Balance$1,040,379$1,175,409▲ $135,030

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$203,014$301,741$504,755
Equipment$10,966$11,788$22,754
Other Land Buildings$548$2,866$3,414
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorna LeoExecutive DirectorFT$76,638$8,214$84,852
Elizabeth LincolnStaff/directorFT$50,375$8,214$58,589
Sheryl PlattenStaff/directorPT$34,384$8,214$42,598

Board Members and Trustees

NameTitle
Andrew S PangPresident
Beth CarronDirector
Doug LevineDirector
Sarah RappaportDirector
Susan Fredholm MurphyDirector
Suzanne GrecoDirector
Nick CrambSecretary
Matthew MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,776
Program Service Revenue
$1,148,395
Investment Income
$1,030
Other Revenue
$-6,008
All Other Contributions
$11,388
Change in Net Assets
$93,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,127,443
Revenue Not Reported on Financial Statements
$39,750
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$39,750
Total Revenue per Audited Statements
$1,127,443
Total Revenue per Form 990
$1,167,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$855,917
Other Expenses$178,212
Grants and Similar Amounts Paid$39,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$544,486$26,013-$570,499
Current Officers, Directors, Trustees, and Key Employees$177,141$16,971-$194,112
Payroll Taxes$54,742$3,239-$57,981
Occupancy$48,794$3,114-$51,908
Grants to Domestic Individuals$39,750--$39,750
Other Employee Benefits$31,490$1,835-$33,325
Depreciation Depletion$19,902$1,270-$21,172
Office Expenses$19,779$1,097-$20,876
Insurance$9,814$1,814-$11,628
Fees for Services Other$7,745$3,773-$11,518
Fees for Services Accounting-$9,552-$9,552
Advertising$6,002--$6,002
Other Expenses$7,689$1,843-$1,843
Fees for Services Legal-$1,138-$1,138
Total Functional Expenses$1,001,729$72,150$0$1,073,879

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,073,879
Expenses per Audited Statements$1,034,129
Total Expenses per Audited Statements$1,034,129
Expenses Not Reported on Financial Statements$39,750
Other Expense Adjustments$39,750
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,186
Fundraising Gross Income$5,797
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hoedown$18,185$5,797$5,535$262
Total Events$18,185$5,797$12,186$-6,389
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Deposits$84,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All families with children attending magic garden and all staff are considered members per the organization's bylaws.”

Form 990, Part VI, Section A, Line 7A

“Members of the organization vote to elect directors.”

Form 990, Part VI, Section A, Line 7B

“Members vote at the annual meeting on a variety of the organization's governance activities, including the election of directors.”

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

“Minutes not taken at subcommittee meeting.”

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

“The finance committee reviews and approves the form 990 and then after it is signed, copies are distributed to all directors prior to filing.”

Form 990, Part VI, Section B, Line 15A

“Magic garden, inc.'s executive compensation program is administered by the board of directors. The board is responsible for establishing and maintaining a competitive compensation program for the organization's administrative director. The officers meet as needed to review the compensation program and make recommendations for any changes, as appropriate. The board intends to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. The organization has engaged outside counsel to obtain comparable data and advise them in this process. The officers recommend the administrative director's annual salary for approval by the non-staff board members.”

Form 990, Part VI, Section C, Line 19

“All documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Magic Garden Inc
EIN
04-2762641
Phone
7812598161
Address
PO BOX 34 BALLFIELD ROAD, LINCOLN, MA 01773

Signing Officer

Name
Andrew S Pang
Title
President
Phone
7812598161
Signed
2018-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew S Pang
Formed
1982
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
7
Employees
26
Volunteers
50

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid scholarships 39,750.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid scholarships 39,750.”

Raw XML AppendixShowing 400 of 479 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0MAGIC GARDEN PROVIDES EARLY CHILDHOOD EDUCATION AND CARE THAT COMBINES A STIMULATING, DEVELOPMENTALLY-APPROPRIATE CURRICULUM WITH A FULL-DAY, YEAR-ROUND PROGRAM THAT SUPPORTS WORKING FAMILIES.
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IRS990/NetAssetsOrFundBalancesEOYAmt01008823
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-6389
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-6389
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03114
IRS990/OccupancyGrp/ProgramServicesAmt048794
IRS990/OccupancyGrp/TotalAmt051908
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01097
IRS990/OfficeExpensesGrp/ProgramServicesAmt019779
IRS990/OfficeExpensesGrp/TotalAmt020876
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01835
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031490
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033325
IRS990/OtherExpensesGrp/Desc0CULTURAL ENRICHMENT
IRS990/OtherExpensesGrp/Desc1FOOD, SNACKS AND NUTRIT
IRS990/OtherExpensesGrp/Desc2STAFF TRAINING AND DEVE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11843
IRS990/OtherExpensesGrp/ProgramServicesAmt018490
IRS990/OtherExpensesGrp/ProgramServicesAmt115905
IRS990/OtherExpensesGrp/ProgramServicesAmt27689
IRS990/OtherExpensesGrp/TotalAmt018490
IRS990/OtherExpensesGrp/TotalAmt115905
IRS990/OtherExpensesGrp/TotalAmt28180
IRS990/OtherExpensesGrp/TotalAmt31843
IRS990/OtherLiabilitiesGrp/BOYAmt077000
IRS990/OtherLiabilitiesGrp/EOYAmt084000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0381
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0381
IRS990/OtherRevenueTotalAmt0381
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026013
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0544486
IRS990/OtherSalariesAndWagesGrp/TotalAmt0570499
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03239
IRS990/PayrollTaxesGrp/ProgramServicesAmt054742
IRS990/PayrollTaxesGrp/TotalAmt057981
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013647
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08191
IRS990/PrincipalOfficerNm0ANDREW S PANG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/BusinessCd1624410
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc1APPLICATION AND REGIST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01145307
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01145307
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13088
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020149
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt052047
IRS990/PYInvestmentIncomeAmt01190
IRS990/PYOtherExpensesAmt0143412
IRS990/PYOtherRevenueAmt0-1191
IRS990/PYProgramServiceRevenueAmt0916133
IRS990/PYRevenuesLessExpensesAmt0-33393
IRS990/PYSalariesCompEmpBnftPaidAmt0774215
IRS990/PYTotalExpensesAmt0969674
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0936281
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt093314
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01145307
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0609968
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0613328
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt010966
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011788
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022754
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039750
IRS990ScheduleD/ExpensesSubtotalAmt01034129
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0203014
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0301741
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0504755
IRS990ScheduleD/OtherExpensesNotIncludedAmt039750
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0548
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02866
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt084000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt039750
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt039750
IRS990ScheduleD/RevenueSubtotalAmt01127443
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL AID SCHOLARSHIPS 39,750.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID SCHOLARSHIPS 39,750.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0214528
IRS990ScheduleD/TotalExpensesPerForm990Amt01073879
IRS990ScheduleD/TotalLiabilityAmt084000
IRS990ScheduleD/TotalRevenuePerForm990Amt01167193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01127443
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01034129
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE BOSTON PARENTS PAPER IS USED TO PUBLISH ADVERTISEMENTS PERIODICALLY EXPLAINING THE ORGANIZATION'S NON-DISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012388
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012388
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012186
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOEDOWN
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03838
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03838
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05797
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05797
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6389
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05535
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05535
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02813
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02813
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt039750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FINANCIAL AID SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A FINANCIAL AID COMMITTEE COMPRISED OF BOARD MEMBERS AND THE ORGANIZATION'S ADMINISTRATIVE DIRECTOR MEETS TO REVIEW FINANCIAL AID APPLICANTS AND DETERMINE ALLOCATIONS OF AID. SCHOLARSHIPS ARE AWARDED BASED ON SEVERAL FACTORS AS DETAILED IN THE ORGANIZATION'S FINANCIAL AID POLICY, INCLUDING GROSS FAMILY INCOME AND OTHER FINANCIAL INFORMATION PROVIDED BY THE APPLICANT AS WELL AS BUDGETING AND FINANCIAL CONSIDERATIONS OF THE ORGANIZATION. FINANCIAL AID AWARDS ARE TREATED AS CREDITS OR REDUCTIONS TO AMOUNTS DUE FROM STUDENTS. RECIPIENT FAMILIES MUST APPLY FOR FINANCIAL AID ANNUALLY, AS AWARDS DO NOT CARRY OVER INTO FUTURE PERIODS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL FAMILIES WITH CHILDREN ATTENDING MAGIC GARDEN AND ALL STAFF ARE CONSIDERED MEMBERS PER THE ORGANIZATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION VOTE TO ELECT DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE AT THE ANNUAL MEETING ON A VARIETY OF THE ORGANIZATION'S GOVERNANCE ACTIVITIES, INCLUDING THE ELECTION OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES NOT TAKEN AT SUBCOMMITTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND THEN AFTER IT IS SIGNED, COPIES ARE DISTRIBUTED TO ALL DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MAGIC GARDEN, INC.'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS. THE BOARD IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE ORGANIZATION'S ADMINISTRATIVE DIRECTOR. THE OFFICERS MEET AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES, AS APPROPRIATE. THE BOARD INTENDS TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION HAS ENGAGED OUTSIDE COUNSEL TO OBTAIN COMPARABLE DATA AND ADVISE THEM IN THIS PROCESS. THE OFFICERS RECOMMEND THE ADMINISTRATIVE DIRECTOR'S ANNUAL SALARY FOR APPROVAL BY THE NON-STAFF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02591
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04050
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,175,409
Liabilities
$166,586
Net assets
$1,008,823
Revenue
$1,167,193
Expenses
$1,073,879
Net income
$93,314
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.22$0.25$1.97$2.07$2.05$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.23$0.28$1.95$1.84$1.83$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.23$0.29$1.94$2.19$1.72$0.47
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.20$1.47$2.18$1.73$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.21$1.01$1.49$1.55$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.13$1.08$1.59$1.60$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.23$1.09$1.51$1.55$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.21$1.12$1.33$1.21$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.17$1.01$1.17$1.07$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.12$0.92$0.94$0.97$0.03
2015Summary only. Only limited summary data is available for this year.$1.07$0.10$0.97$0.94$0.90$0.04
2014Summary only. Only limited summary data is available for this year.$1.02$0.09$0.93$1.12$1.04$0.08
2013Summary only. Only limited summary data is available for this year.$0.95$0.09$0.85$1.05$0.96$0.09
2012Summary only. Only limited summary data is available for this year.$0.87$0.11$0.77$0.96$0.94$0.02