Civic Intelligence

Magic Bus USA

990 • Fiscal year 2020 • EIN 27-3053614

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileWWW.MAGICBUSUSA.ORG
1080 Eldridge Parkway No 1150Houston, TX 77077

(832) 775-9000

Siviq Scores

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

Liabilities / Assets

68th percentile

0.27x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.13x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

76th percentile

24%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$7,620

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

96th percentile

183%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$710,800

Up $459,237 (+183%) from 2019

Net Assets

Up

$521,057

Up $354,912 (+214%) from 2019

Liabilities

Up

$189,743

Up $104,325 (+122%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin76th percentile

Revenue

Up

$1,496,628

Up $220,173 (+17%) from 2019

Expenses

Down

$1,141,715

Down $340,568 (-23%) from 2019

Net Income

Up

$354,913

Up $560,741 (+272%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2020

Assets$710,800
Liabilities$189,743
Net Assets$521,057
Open 2020 Filing

Operations Trend

Revenue Growth73rd 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

2020

Revenue$1,496,628
Expenses$1,141,715
Net Income$354,913
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$1,739,103
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 approaches that include mentoring as a tool.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$241,563$633,800▲ $392,237
Accounts Receivable$0$75,000▲ $75,000
Prepaid Expenses and Deferred Charges$10,000$2,000▼ $8,000
Total Assets$251,563$710,800▲ $459,237
Liabilities
Other Liabilities$0$162,300▲ $162,300
Accounts Payable and Accrued Expenses$85,418$27,443▼ $57,975
Total Liabilities$85,418$189,743▲ $104,325
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,645$317,040▲ $187,395
Net Assets With Donor Restrictions$36,500$204,017▲ $167,517
Total Net Assets Fund Balance$166,145$521,057▲ $354,912
Total Liabilities and Net Assets / Fund Balance$251,563$710,800▲ $459,237
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew SpacieDirectorFT$7,620$7,620

Board Members and Trustees

NameTitle
Amit BhandariDirector
Kapil MathurDirector
Ram ShriramDirector
Vik UppalDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Pradnya HaldipurConsulting309 WILLINGTON DRIVE, Silver Spring, MD 20904$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,738,870
Program Service Revenue
$0
Investment Income
$233
Other Revenue
$-242,475
All Other Contributions
$975,287
Change in Net Assets
$354,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,496,628
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$242,475
Total Revenue per Audited Statements
$1,739,103
Total Revenue per Form 990
$1,496,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$845,500
Other Expenses$277,019
Salaries, Compensation, and Employee Benefits$19,196
Total Fundraising Expense$7,914
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$845,500--$845,500
Fees for Services Other-$211,903-$211,903
Travel-$27,539-$27,539
Office Expenses-$14,590$7,914$22,504
Other Salaries and Wages-$17,676-$17,676
Fees for Services Accounting-$11,167-$11,167
Information Technology-$1,594-$1,594
Pension Plan Contributions-$1,520-$1,520
Fees for Services Legal-$1,200-$1,200
Advertising-$1,112-$1,112
Total Functional Expenses$845,500$288,301$7,914$1,141,715

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,384,190
Expenses per Audited Statements$1,141,715
Total Expenses per Form 990$1,141,715
Expenses Not Reported on Form 990$242,475
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$242,475
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Houston Gala$413,130-$111,660-
Los Angeles Gala$271,452-$29,020-
Total Events$763,583-$242,475$-242,475
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan$150,900
Ppp Loan$11,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 B, Line 11B

“A complete copy of this form 990 will be provided to all members of its governing body by electronic transmission.”

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

“The conflict of interest policy is being followed as per the bye laws and any possible event is being discussed among members of the governing body as per the entity's byelaws.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Magic Bus USA
EIN
27-3053614
Phone
8327759000
Address
1080 ELDRIDGE PARKWAY NO 1150, HOUSTON, TX 77077

Signing Officer

Name
Amit Bhandari
Title
Director
Phone
8327759000
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amit Bhandari
Formed
2010
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
TWO RIVERWAY 15TH FLOOR, HOUSTON, TX 77056
Preparer
Kristen Simpson
Phone
7136218090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 0. Management and general expenses 2,288. Fundraising expenses 0. Total expenses 2,288. Consulting fee: program service expenses 0. Management and general expenses 209,615. Fundraising expenses 0. Total expenses 209,615.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under 501(c)(3) of the internal revenue code. Therefore, no provision for federal income tax has been made in these financial statements. The foundation accounts for uncertain tax positions, when it is more likely than not, that such an asset or a liability will be realized. As of december 31, 2020 and 2019, management believes there were no uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 242,475.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 242,475.”

Raw XML AppendixShowing 400 of 419 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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IRS990ScheduleA/SubstantialContributorsTotAmt01160636
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01738870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01415969
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01648001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0682140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01777155
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07262135
IRS990ScheduleA/TotalSupportAmt07263695
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0242475
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01141715
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0242475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1150900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA LOAN
IRS990ScheduleD/OtherRevenueAmt0242475
IRS990ScheduleD/RevenueNotReportedAmt0242475
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01496628
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, WHEN IT IS MORE LIKELY THAN NOT, THAT SUCH AN ASSET OR A LIABILITY WILL BE REALIZED. AS OF DECEMBER 31, 2020 AND 2019, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 242,475.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS 242,475.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01141715
IRS990ScheduleD/TotalLiabilityAmt0162300
IRS990ScheduleD/TotalRevenuePerForm990Amt01496628
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01739103
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01384190
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0820500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt125000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROGRAM SERVICES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1PROGRAM SERVICES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA - INDIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1EUROPE - UNITED KINGDOM
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE SENT TO PARENT ORGANIZATION MAGIC BUS INDIA TO CONDUCT PROGRAM SERVICES FOR UNDER PRIVILEGED KIDS
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0763583
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0413130
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0271452
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt079001
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0242475
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOUSTON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LOS ANGELES GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0413130
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0271452
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt079001
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0763583
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-242475
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0101795
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0242475
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0111660
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt029020
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THIS FORM 990 WILL BE PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY BY ELECTRONIC TRANSMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS BEING FOLLOWED AS PER THE BYE LAWS AND ANY POSSIBLE EVENT IS BEING DISCUSSED AMONG MEMBERS OF THE GOVERNING BODY AS PER THE ENTITY'S BYELAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,288. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,288. CONSULTING FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 209,615. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 209,615.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0251563
IRS990/TotalAssetsEOYAmt0710800
IRS990/TotalAssetsGrp/BOYAmt0251563
IRS990/TotalAssetsGrp/EOYAmt0710800
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01738870
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07914
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0288301
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0845500
IRS990/TotalFunctionalExpensesGrp/TotalAmt01141715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085418
IRS990/TotalLiabilitiesEOYAmt0189743
IRS990/TotalLiabilitiesGrp/BOYAmt085418
IRS990/TotalLiabilitiesGrp/EOYAmt0189743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0166145
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0521057
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0845500
IRS990/TotalReportableCompFromOrgAmt07620
IRS990/TotalRevenueGrp/ExclusionAmt0-242242
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01496628
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0251563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0710800
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt027539
IRS990/TravelGrp/TotalAmt027539
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01080 ELDRIDGE PARKWAY NO 1150
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077077
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MAGICBUSUSA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMIT BHANDARI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08327759000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC BUS USA
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0273053614
ReturnHeader/Filer/PhoneNum08327759000

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$710,800
Liabilities
$189,743
Net assets
$521,057
Revenue
$1,496,628
Expenses
$1,141,715
Net income
$354,913
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