Civic Intelligence

Open Heart Magic

990 • Fiscal year 2020 • EIN 27-0095889

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 17, 2021

67 E Madison St No 1504Chicago, IL 60603

(312) 624-8079

Siviq Scores

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

Liabilities / Assets

70th percentile

0.21x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.37x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

27th percentile

-7.1%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$74,439

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

41st percentile

2.7%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-43%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$815,354

Up $21,108 (+2.7%) from 2019

Net Assets

Down

$642,990

Down $33,375 (-4.9%) from 2019

Liabilities

Up

$172,364

Up $54,483 (+46%) from 2019

Revenue

Down

$470,207

Down $350,295 (-43%) from 2019

Expenses

Down

$503,582

Down $245,984 (-33%) from 2019

Net Income

Down

-$33,375

Down $104,311 (-147%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $91,685Liabilities 2011: $3,106Net Assets 2011: $88,5792011Assets 2012: $172,564Liabilities 2012: $413Net Assets 2012: $172,1512012Assets 2014: $374,392Liabilities 2014: $22,128Net Assets 2014: $352,2642014Assets 2015: $407,487Liabilities 2015: $24,031Net Assets 2015: $383,4562015Assets 2016: $411,788Liabilities 2016: $15,150Net Assets 2016: $396,6382016Assets 2017: $536,914Liabilities 2017: $43,326Net Assets 2017: $493,5882017Assets 2018: $693,632Liabilities 2018: $60,571Net Assets 2018: $633,0612018Assets 2019: $794,246Liabilities 2019: $117,881Net Assets 2019: $676,3652019Assets 2020: $815,354Liabilities 2020: $172,364Net Assets 2020: $642,9902020Assets 2021: $917,738Liabilities 2021: $90,056Net Assets 2021: $827,6822021Assets 2022: $1,299,686Liabilities 2022: $390,838Net Assets 2022: $908,8482022Assets 2023: $1,286,274Liabilities 2023: $367,302Net Assets 2023: $918,9722023Assets 2024: $1,273,937Liabilities 2024: $299,224Net Assets 2024: $974,7132024

Highlighted filing

2020

Assets$815,354
Liabilities$172,364
Net Assets$642,990

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $207,8762011Expenses 2012: $236,4912012Revenue 2014: $508,220Expenses 2014: $391,555Net Income 2014: $116,6652014Revenue 2015: $522,082Expenses 2015: $490,890Net Income 2015: $31,1922015Revenue 2016: $530,818Expenses 2016: $521,536Net Income 2016: $9,2822016Revenue 2017: $645,885Expenses 2017: $555,135Net Income 2017: $90,7502017Revenue 2018: $745,038Expenses 2018: $605,565Net Income 2018: $139,4732018Revenue 2019: $820,502Expenses 2019: $749,566Net Income 2019: $70,9362019Revenue 2020: $470,207Expenses 2020: $503,582Net Income 2020: -$33,3752020Revenue 2021: $701,813Expenses 2021: $517,121Net Income 2021: $184,6922021Revenue 2022: $888,400Expenses 2022: $807,234Net Income 2022: $81,1662022Revenue 2023: $874,846Expenses 2023: $864,722Net Income 2023: $10,1242023Revenue 2024: $973,631Expenses 2024: $917,890Net Income 2024: $55,7412024

Highlighted filing

2020

Revenue$470,207
Expenses$503,582
Net Income-$33,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 17, 2021
Return Version
2020v4.1
Gross Receipts
$516,299
Mission and Program Overview

Mission

Our mission is to use the therapeutic power of magic and laughter to energize and strengthen seriously ill children in chicago area hospitals, and aid their healing. We strive to reach young patients one-by-one regardless of their disease, medical situation or physical ability so that all children may benefit from this engaging and entertaining therapy.

To strengthen sick kids using the therapeutic power of magic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$397,943$398,669▲ $726
Cash and Non-Interest-Bearing Accounts$269,893$310,855▲ $40,962
Prepaid Expenses and Deferred Charges$84,783$74,754▼ $10,029
Accounts Receivable$16,250--
Pledges and Grants Receivable-$8,900-
Intangible Assets$3,201$0▼ $3,201
Total Assets$794,246$815,354▲ $21,108
Other Assets Total$22,176$22,176→ $0
Liabilities
Unsecured Notes Loans Payable-$72,017-
Deferred Revenue$29,854$43,333▲ $13,479
Accounts Payable and Accrued Expenses$67,931$38,726▼ $29,205
Other Liabilities$20,096$18,288▼ $1,808
Total Liabilities$117,881$172,364▲ $54,483
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$676,365$642,990▼ $33,375
Total Net Assets Fund Balance$676,365$642,990▼ $33,375
Total Liabilities and Net Assets / Fund Balance$794,246$815,354▲ $21,108
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael WaltonFounder and Executive DireFT$74,091$348$74,439

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$464,539
Program Service Revenue
$21,371
Investment Income
$734
Other Revenue
$-16,437
All Other Contributions
$354,749
Change in Net Assets
$-33,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,207
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,148
Total Revenue per Audited Statements
$490,355
Total Revenue per Form 990
$470,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$314,113
Other Expenses$189,469
Total Fundraising Expense$52,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,479$27,288$18,419$184,186
Current Officers, Directors, Trustees, and Key Employees$63,273$3,722$7,444$74,439
Occupancy$54,278$4,418$4,418$63,114
Other Employee Benefits$26,826$4,155$3,442$34,423
Office Expenses$10,303$794$16,912$28,009
Fees for Services Accounting-$25,065-$25,065
Information Technology$21,491$2,591-$24,082
Payroll Taxes$16,430$2,528$2,107$21,065
Travel$5,675$1,295-$6,970
Insurance$3,435$92$92$3,619
Depreciation Depletion-$3,201-$3,201
Fees for Services Other-$1,296-$1,296
Other Expenses$592$181-$773
Fees for Services Legal-$520-$520
Total Functional Expenses$372,446$78,302$52,834$503,582

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$523,730
Expenses per Audited Statements$503,582
Total Expenses per Form 990$503,582
Expenses Not Reported on Form 990$20,148
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$46,092
Fundraising Gross Income$15,271
Gaming Gross Income$11,800
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit$46,106-$20,758-
Black Tie$78,955$15,271-$15,271
Total Events$125,061$15,271$41,269$-25,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$18,288
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 2

Sue walton and michael walton - family relationship

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

The executive committees do not have the authority to act on behalf of the governing board. Information discussed at the executive meetings is presented to the board of directors and approval is obtained if needed.

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

The treasurer and financial chairperson review the form 990 in detail prior to its filing with the internal revenue service and provide a detail review of the form 990 to remaining directors after filing with the internal revenue service.

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

All directors, officers and employees shall disclose all real and apparent conflicts which they discover or which have been brought to their attention in connection with the corporation's activities. When an individual director, officer or employee believes that he or she or a member of his or her immediate family might have or does have a potential or real conflict, he or she shall (i) disclose such potential or real conflict to the board of directors, and (ii) abstain from making motions, voting, executing agreements, or taking any other similar direct action on behalf of the corporation where the conflict might pertain, but shall not be precluded from debate or other similar involvement on behalf of the corporation. The board of directors of the corporation at any time may establish further guidelines consistent with the interests of the corporation for the resolution of any real or apparent conflicts.

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

Compensation is determined by the board of directors and reviewed annually.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request as deemed appropriate by the board of directors and management.

Filing and Contact Details

Filer

Filer Name
Open Heart Magic
EIN
27-0095889
Phone
3126248079
Address
67 E MADISON ST NO 1504, CHICAGO, IL 60603

Signing Officer

Name
Michael Walton
Title
Executive Director
Phone
3126248079
Signed
2021-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Walton
Formed
2004
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
20
Employees
6
Volunteers
135

Preparer

Firm
Wipfli Llp
Address
100 TRI-STATE INTERNATIONAL STE 300, LINCOLNSHIRE, IL 60069
Preparer
Marlene Domash
Phone
8479410100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There were no changes to the audit selection process from the prior year.

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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/Desc0OUR PERSONALIZED INTERACTIONS HELP CHILDREN FEEL SPECIAL, MORE CONFIDENT AND EMPOWERED DURING A SCARY AND STRESSFUL TIME. BY INVITING THEM TO BE A PART OF THE INTERACTION, WE ENERGIZE KIDS AND HELP THEM FIND THE STRENGTH THEY NEED TO HEAL. OUR HOSPITAL MAGICIANS OFFER MORE THAN JUST "A SHOW". THEY WORK ONE-ON-ONE WITH CHILDREN, USING MAGIC AS A MEANS TO ENCOURAGE PARTICIPATION, ENGAGE THE IMAGINATION, AND HELP THESE KIDS FIND THEIR OWN SENSE OF CONFIDENCE AND MASTERY AS THEY LEARN TO PERFORM THE TRICKS FOR THEIR DOCTORS, FAMILY AND FRIENDS. THE POWERFUL EFFECTS OF THEIR LAUGHTER SPEAK FOR THEMSELVES.BECAUSE OUR BEDSIDE MAGIC PERFORMANCES ARE PERSONALIZED AND INTERACTIVE, WE'RE ABLE TO WORK WITH KIDS OF ALL AGES, REGARDLESS OF PHYSICAL OR DEVELOPMENTAL RESTRICTIONS. WE OFFER SUPPORT TO KIDS WHO ARE IN A ONE-TIME ER VISIT, AS WELL AS PATIENTS UNDERGOING LONG-TERM TREATMENT FOR CONDITIONS SUCH AS PEDIATRIC CANCER, CHILDHOOD DIABETES, HEART PROBLEMS, AND PEDIATRIC HEART TRANSPLANTS. OUR PERFORMANCES ALSO BENEFIT THE PARENTS AND SIBLINGS OF THESE PATIENTS, WHO ARE EXPERIENCING THE STRESS AND UNCERTAINTY THAT ILLNESS BRINGS AS WELL. OPEN HEART MAGIC ACTIVELY SERVES CHILDREN IN HOSPITALS THROUGHOUT CHICAGOLAND, ANN ARBOR, AND CLEVELAND.FOR KIDS UNDERGOING MEDICAL TREATMENT, MAGIC HAS THERAPEUTIC VALUE. ACCORDING TO RESEARCH IN EDUCATION, SOCIAL WORK AND PSYCHOLOGY: MAGIC IS A BENEFICIAL TOOL FOR GAINING TRUST, DECREASING TENSION, AND ESTABLISHING RAPPORT WHEN WORKING WITH CHILDREN AND ADOLESCENTS; MAGIC ENHANCES PATIENTS' COGNITIVE FUNCTIONS, PERCEPTION, NEUROMUSCULAR AND MOTIVATIONAL SKILLS; MAGIC IS AN INNOVATIVE TECHNIQUE FOR REACHING CHILDREN WHO ARE SCARED, ISOLATED AND RESISTANT TO OTHER FORMS OF THERAPY; MAGIC IS A MEANS FOR UTILIZING THE POWERFUL BENEFITS OF HUMOR AND LAUGHTER BOTH FOR THE YOUNG PATIENTS AND ALSO THEIR SIBLINGS AND FAMILIES WHO ARE UNDERGOING THE MOST STRESSFUL MOMENTS OF THEIR LIVES.IN 2020, EVEN THOUGH HOSPITAL BEDSIDE MAGIC WAS PAUSED FOR MOST OF THE YEAR DUE TO COVID-19, OPEN HEART MAGIC'S 135 CERTIFIED VOLUNTEER CHILDREN'S HOSPITAL MAGICIANS REACHED 2,248 TOTAL PATIENTS ONE-ON-ONE AT THEIR HOSPITAL BEDSIDE IN 15 PARTNER HOSPITALS IN ILLINOIS, OHIO AND MICHIGAN.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, EXEC COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHAIR OF THE EXECUTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt23FOUNDER AND EXECUTIVE DIRE
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IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0109790
IRS990/FundraisingDirectExpensesAmt046092
IRS990/FundraisingGrossIncomeAmt015271
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt011800
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0516299
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt021491
IRS990/InformationTechnologyGrp/TotalAmt024082
IRS990/InsuranceGrp/FundraisingAmt092
IRS990/InsuranceGrp/ManagementAndGeneralAmt092
IRS990/InsuranceGrp/ProgramServicesAmt03435
IRS990/InsuranceGrp/TotalAmt03619
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IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF OPEN HEART MAGIC IS TO USE THE THERAPEUTIC POWER OF MAGIC AND LAUGHTER TO ENERGIZE AND STRENGTHEN SERIOUSLY ILL CHILDREN IN CHICAGO, ANN ARBOR AND CLEVELAND AREA HOSPITALS, AND AID THEIR HEALING. BEING HOSPITALIZED CAN BE FRIGHTENING FOR ANYONE, BUT ESPECIALLY FOR A CRITICALLY ILL CHILD. AS KIDS UNDERGO DIFFICULT OR PAINFUL TREATMENTS - SURROUNDED BY STRANGERS - THEY CAN BECOME OVERWHELMED WITH FEAR AND SADNESS.OUR BEDSIDE MAGIC PROGRAMS BRING LAUGHTER, HOPE AND STRENGTH TO SICK CHILDREN - ONE-TO-ONE - AT THEIR HOSPITAL BEDSIDES. OUR VOLUNTEER HOSPITAL MAGICIANS ARE TRAINED TO WORK WITH ALL KIDS IN A HOSPITAL - REGARDLESS OF MEDICAL CONDITIONS OR PHYSICAL ABILITIES - SO THAT EVERY CHILD CAN BENEFIT FROM THIS ENTERTAINING AND EMPOWERING THERAPY.
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IRS990/OccupancyGrp/TotalAmt063114
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt074754
IRS990/PrincipalOfficerNm0MICHAEL WALTON
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0HOSPITAL PROGRAM FEES
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IRS990/PYSalariesCompEmpBnftPaidAmt0448268
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RevenueAmt021371
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0398669

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