Civic Intelligence

Magic Bus USA

990 • Fiscal year 2015 • EIN 27-3053614

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

Organization Profilewww.magicbususa.org
2200 GENG ROAD Room 100Palo Alto, CA 94303-3358

(832) 566-1096

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

60th percentile

6.1%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$309,117

Up $56,666 (+22%) from 2014

Net Assets

Up

$305,893

Up $53,442 (+21%) from 2014

Liabilities

Up

$3,224

Up $3,224 from 2014

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin60th percentile

Revenue

Down

$943,363

Down $153,736 (-14%) from 2014

Expenses

Up

$885,557

Up $38,159 (+4.5%) from 2014

Net Income

Down

$57,806

Down $191,895 (-77%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $163,628Liabilities 2011: $0Net Assets 2011: $163,6282011Assets 2012: $2,838Net Assets 2012: $2,8382012Assets 2013: $2,629Net Assets 2013: $2,6292013Assets 2014: $252,451Liabilities 2014: $0Net Assets 2014: $252,4512014Assets 2015: $309,117Liabilities 2015: $3,224Net Assets 2015: $305,8932015Assets 2016: $742,374Liabilities 2016: $16,473Net Assets 2016: $725,9012016Assets 2018: $411,529Liabilities 2018: $39,555Net Assets 2018: $371,9742018Assets 2019: $251,563Liabilities 2019: $85,418Net Assets 2019: $166,1452019Assets 2020: $710,800Liabilities 2020: $189,743Net Assets 2020: $521,0572020Assets 2021: $782,890Liabilities 2021: $10,332Net Assets 2021: $772,5582021Assets 2022: $2,026,142Liabilities 2022: $60,168Net Assets 2022: $1,965,9742022Assets 2023: $5,874,672Liabilities 2023: $111,000Net Assets 2023: $5,763,6722023Assets 2024: $5,155,852Liabilities 2024: $295,877Net Assets 2024: $4,859,9752024

Highlighted filing

2015

Assets$309,117
Liabilities$3,224
Net Assets$305,893
Open 2015 Filing

Operations Trend

Revenue Growth19th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $272,7382011Revenue 2012: $162,565Expenses 2012: $323,355Net Income 2012: -$160,7902012Revenue 2013: $160,224Expenses 2013: $160,433Net Income 2013: -$2092013Revenue 2014: $1,097,099Expenses 2014: $847,398Net Income 2014: $249,7012014Revenue 2015: $943,363Expenses 2015: $885,557Net Income 2015: $57,8062015Revenue 2016: $1,777,311Expenses 2016: $1,357,301Net Income 2016: $420,0102016Revenue 2018: $1,470,091Expenses 2018: $1,792,721Net Income 2018: -$322,6302018Revenue 2019: $1,276,455Expenses 2019: $1,482,283Net Income 2019: -$205,8282019Revenue 2020: $1,496,628Expenses 2020: $1,141,715Net Income 2020: $354,9132020Revenue 2021: $991,981Expenses 2021: $740,481Net Income 2021: $251,5002021Revenue 2022: $3,022,640Expenses 2022: $1,829,224Net Income 2022: $1,193,4162022Revenue 2023: $6,790,723Expenses 2023: $2,993,025Net Income 2023: $3,797,6982023Revenue 2024: $1,746,724Expenses 2024: $2,650,421Net Income 2024: -$903,6972024

Highlighted filing

2015

Revenue$943,363
Expenses$885,557
Net Income$57,806
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,120,020
Mission and Program Overview

Mission

Magic Bus works with marginalized children and youth in India and ecosystem around them to help break the cycle of social and economic deprivation using sport and activity based approches that include mentoring as a tool and are founded on the principle of human rights, promoting education, health, gender, equality and sustainable livelihoods

Magic Bus works with marginalized children and youth in India and ecosystem around them to help break the cycle of social and economic deprivation using sport and activity based approches that include mentoring as a tool

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$252,451$309,117▲ $56,666
Rtn Earn Endowment Incm Other Fnds$252,451$305,893▲ $53,442
Total Assets$252,451$309,117▲ $56,666
Liabilities
Accounts Payable and Accrued Expenses-$3,224-
Total Liabilities$0$3,224▲ $3,224
Net Assets / Fund Balance
Total Net Assets Fund Balance$252,451$305,893▲ $53,442
Total Liabilities and Net Assets / Fund Balance$252,451$309,117▲ $56,666
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Amit BhandariDirector
Anurag BhargavaDirector
Matthew SpacieDirector
Ram ShriramDirector
Rahul BrahmbhattExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$614,675
Program Service Revenue
$0
Investment Income
$77
Other Revenue
$328,611
All Other Contributions
$614,675
Change in Net Assets
$57,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$555,450
Total Fundraising Expense$209,339
Salaries, Compensation, and Employee Benefits$180,984
Other Expenses$149,123
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$555,450--$555,450
Current Officers, Directors, Trustees, and Key Employees-$25,330$143,539$168,869
All Other Expenses-$21,385$32,806$54,191
Fees for Services Management-$42,007-$42,007
Office Expenses-$8,474$7,774$16,248
Travel$546-$14,922$15,468
Occupancy-$12,861-$12,861
Payroll Taxes-$1,457$8,258$9,715
Fees for Services Accounting-$5,100-$5,100
Other Employee Benefits-$360$2,040$2,400
Other Expenses-$2,324-$2,324
Total Functional Expenses$555,996$120,222$209,339$885,557
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$505,268
Fundraising Direct Expenses$176,657
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Houston Gala$326,180$326,180$41,301$284,879
Nyc Gala$179,088$179,088$31,415$147,673
Total Events$505,268$505,268$176,657$328,611
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Magic Bus USA
EIN
27-3053614
Phone
8325661096
Address
2200 GENG ROAD Room 100, PALO ALTO, CA 94303-3358

Signing Officer

Name
Justin Reeves
Title
General Manager
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Reeves
Formed
2010
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Raj R Brahmbhatt CPA
Address
2825 WILCREST DRIVE SUITE 374, HOUSTON, TX 77042
Preparer
Raj Brahmbhatt
Phone
7139778829
Supplemental Narrative

Additional Explanations

Form 990, Part III, Section 4A, Line 1

“555,450 total grant given to Magic Bus India”

Raw XML Appendix364 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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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011569
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt066577
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt078146
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0326180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0179088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0505268
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0326180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0179088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0505268
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0328611
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt072716
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041301
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt031415
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt023995
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt023995
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0555,450 total grant given to Magic Bus India
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Section 4a, Line 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0252451
IRS990/TotalAssetsEOYAmt0309117
IRS990/TotalAssetsGrp/BOYAmt0252451
IRS990/TotalAssetsGrp/EOYAmt0309117
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0614675
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0209339
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120222
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0555996
IRS990/TotalFunctionalExpensesGrp/TotalAmt0885557
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03224
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03224
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0252451
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0305893
IRS990/TotalProgramServiceExpensesAmt0555996
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0943363
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0309117
IRS990/TravelGrp/FundraisingAmt014922
IRS990/TravelGrp/ProgramServicesAmt0546
IRS990/TravelGrp/TotalAmt015468
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0Greeley Square Station 4 E 27th
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100019998
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.magicbususa.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Reeves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC BUS USA
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0273053614
ReturnHeader/Filer/PhoneNum08325661096
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 GENG ROAD Room 100
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0943033358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAJ R BRAHMBHATT CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02825 WILCREST DRIVE SUITE 374
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077042
ReturnHeader/PreparerPersonGrp/PhoneNum07139778829
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAJ BRAHMBHATT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-11-10T12:43:29-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,117
Liabilities
$3,224
Net assets
$305,893
Revenue
$943,363
Expenses
$885,557
Net income
$57,806
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.16$0.30$4.86$1.75$2.65$0.90
2023Detailed filing. Detailed filing data is available for this year.$5.87$0.11$5.76$6.79$2.99$3.80
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.06$1.97$3.02$1.83$1.19
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.01$0.77$0.99$0.74$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.19$0.52$1.50$1.14$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.09$0.17$1.28$1.48$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.04$0.37$1.47$1.79$0.32
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.02$0.73$1.78$1.36$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.94$0.89$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.10$0.85$0.25
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.16$0.16$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.16$0.32$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.27