Civic Intelligence

Magic Bus USA

990 • Fiscal year 2021 • EIN 27-3053614

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 22, 2022

Organization ProfileWWW.MAGICBUSUSA.ORG
1080 Eldridge Parkway 1150Houston, TX 77077

(832) 775-9000

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

25%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

41st percentile

$16,764

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

52nd percentile

10%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$782,890

Up $72,090 (+10%) from 2020

Net Assets

Up

$772,558

Up $251,501 (+48%) from 2020

Liabilities

Down

$10,332

Down $179,411 (-95%) from 2020

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin69th percentile

Revenue

Down

$991,981

Down $504,647 (-34%) from 2020

Expenses

Down

$740,481

Down $401,234 (-35%) from 2020

Net Income

Down

$251,500

Down $103,413 (-29%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2021

Assets$782,890
Liabilities$10,332
Net Assets$772,558
Open 2021 Filing

Operations Trend

Revenue Growth8th 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

2021

Revenue$991,981
Expenses$740,481
Net Income$251,500
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 22, 2022
Return Version
2021v4.2
Gross Receipts
$1,082,822
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$633,800$690,234▲ $56,434
Accounts Receivable$75,000$50,000▼ $25,000
Prepaid Expenses and Deferred Charges$2,000$42,656▲ $40,656
Total Assets$710,800$782,890▲ $72,090
Liabilities
Accounts Payable and Accrued Expenses$27,443$9,432▼ $18,011
Other Liabilities$162,300$900▼ $161,400
Total Liabilities$189,743$10,332▼ $179,411
Net Assets / Fund Balance
Net Assets With Donor Restrictions$204,017$560,311▲ $356,294
Net Assets Without Donor Restrictions$317,040$212,247▼ $104,793
Total Net Assets Fund Balance$521,057$772,558▲ $251,501
Total Liabilities and Net Assets / Fund Balance$710,800$782,890▲ $72,090
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew SpacieDirectorFT$16,764$16,764

Board Members and Trustees

NameTitle
Amit BhandariDirector
Kapil MathurDirector
Ram ShriramDirector
Vik UppalDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,082,648
Program Service Revenue
$0
Investment Income
$174
Other Revenue
$-90,841
All Other Contributions
$859,013
Change in Net Assets
$251,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$991,981
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$90,841
Total Revenue per Audited Statements
$1,082,822
Total Revenue per Form 990
$991,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$438,910
Other Expenses$228,700
Salaries, Compensation, and Employee Benefits$72,871
Total Fundraising Expense$7,618
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$438,910--$438,910
Fees for Services Other-$166,109-$166,109
Other Salaries and Wages-$54,084-$54,084
Office Expenses-$23,841$7,618$31,459
Current Officers, Directors, Trustees, and Key Employees-$16,764-$16,764
Information Technology-$12,278-$12,278
Fees for Services Accounting-$10,000-$10,000
Travel-$4,755-$4,755
Interest-$2,938-$2,938
Pension Plan Contributions-$1,500-$1,500
Advertising-$1,161-$1,161
Other Employee Benefits-$523-$523
Total Functional Expenses$438,910$293,953$7,618$740,481

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$831,322
Expenses per Audited Statements$740,481
Total Expenses per Form 990$740,481
Expenses Not Reported on Form 990$90,841
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$90,841
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$223,635-$90,841-
Total Events$223,635-$90,841$-90,841
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$900
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 1150, HOUSTON, TX 77077

Signing Officer

Name
Amit Bhandari
Title
Director
Phone
8327759000
Signed
2022-08-22
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
3
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 163,202. Fundraising expenses 0. Total expenses 163,202. Consulting fee: program service expenses 0. Management and general expenses 2,907. Fundraising expenses 0. Total expenses 2,907.”

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, 2021 and 2020, management believes there were no uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 90,841.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 90,841.”

Raw XML AppendixShowing 400 of 409 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/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01415969
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01648001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0682140
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06567628
IRS990ScheduleA/TotalSupportAmt06569362
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/ExpensesNotReportedAmt090841
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0740481
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt090841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/OtherRevenueAmt090841
IRS990ScheduleD/RevenueNotReportedAmt090841
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0991981
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, 2021 AND 2020, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 90,841.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS 90,841.
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/TotalExpensesPerForm990Amt0740481
IRS990ScheduleD/TotalLiabilityAmt0900
IRS990ScheduleD/TotalRevenuePerForm990Amt0991981
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01082822
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0831322
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0413910
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt125000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt10
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/CharitableContributionsTotAmt0223635
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0223635
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt090841
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0223635
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0223635
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-90841
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt090841
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt090841
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 163,202. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 163,202. CONSULTING FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,907. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,907.
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/TotalAssetsBOYAmt0710800
IRS990/TotalAssetsEOYAmt0782890
IRS990/TotalAssetsGrp/BOYAmt0710800
IRS990/TotalAssetsGrp/EOYAmt0782890
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01082648
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07618
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0293953
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0438910
IRS990/TotalFunctionalExpensesGrp/TotalAmt0740481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0189743
IRS990/TotalLiabilitiesEOYAmt010332
IRS990/TotalLiabilitiesGrp/BOYAmt0189743
IRS990/TotalLiabilitiesGrp/EOYAmt010332
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0521057
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0772558
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0438910
IRS990/TotalReportableCompFromOrgAmt016764
IRS990/TotalRevenueGrp/ExclusionAmt0-90667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0991981
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0710800
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0782890
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04755
IRS990/TravelGrp/TotalAmt04755
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01080 ELDRIDGE PARKWAY 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/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMIT BHANDARI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08327759000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC BUS USA
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0273053614
ReturnHeader/Filer/PhoneNum08327759000
ReturnHeader/Filer/USAddress/AddressLine1Txt01080 ELDRIDGE PARKWAY 1150
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077077
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0TWO RIVERWAY 15TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077056

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$782,890
Liabilities
$10,332
Net assets
$772,558
Revenue
$991,981
Expenses
$740,481
Net income
$251,500
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