Civic Intelligence

Magic Bus USA

990 • Fiscal year 2023 • EIN 27-3053614

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 20, 2024

Organization ProfileWWW.MAGICBUSUSA.ORG

View Organization Page

1500 City West Blvd 700Houston, TX 77042

(832) 775-9000

Siviq Scores

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

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

16th percentile

0.02x

Higher debt load relative to revenue than 16% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$150,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

97th percentile

190%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

125%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$5,874,672

Up $3,848,530 (+190%) from 2022

Net Assets

Up

$5,763,672

Up $3,797,698 (+193%) from 2022

Liabilities

Up

$111,000

Up $50,832 (+84%) from 2022

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin92nd percentile

Revenue

Up

$6,790,723

Up $3,768,083 (+125%) from 2022

Expenses

Up

$2,993,025

Up $1,163,801 (+64%) from 2022

Net Income

Up

$3,797,698

Up $2,604,282 (+218%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2023

Assets$5,874,672
Liabilities$111,000
Net Assets$5,763,672
Open 2023 Filing

Operations Trend

Revenue Growth94th 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

2023

Revenue$6,790,723
Expenses$2,993,025
Net Income$3,797,698
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 20, 2024
Return Version
2023v5.1
Gross Receipts
$7,050,553
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$942,919$4,931,514▲ $3,988,595
Accounts Receivable$1,048,017$856,965▼ $191,052
Prepaid Expenses and Deferred Charges$20,000$50,750▲ $30,750
Investments Other Securities$15,206$35,443▲ $20,237
Total Assets$2,026,142$5,874,672▲ $3,848,530
Liabilities
Accounts Payable and Accrued Expenses$59,268$110,100▲ $50,832
Other Liabilities$900$900→ $0
Total Liabilities$60,168$111,000▲ $50,832
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,714,420$5,212,935▲ $3,498,515
Net Assets Without Donor Restrictions$251,554$550,737▲ $299,183
Total Net Assets Fund Balance$1,965,974$5,763,672▲ $3,797,698
Total Liabilities and Net Assets / Fund Balance$2,026,142$5,874,672▲ $3,848,530
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah CurridExecutive DirectorFT$128,000$22,000$150,000

Board Members and Trustees

NameTitle
Amit BhandariChairman
Arpan ShethDirector
Ash SomaniDirector
Kapil MathurDirector
Matthew SpacieDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,838,642
Program Service Revenue
$0
Investment Income
$99,411
Other Revenue
$-147,330
All Other Contributions
$5,879,947
Change in Net Assets
$3,797,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,790,723
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$147,330
Total Revenue per Audited Statements
$6,938,053
Total Revenue per Form 990
$6,790,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,502,986
Total Fundraising Expense$297,739
Salaries, Compensation, and Employee Benefits$267,291
Other Expenses$222,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,502,986--$2,502,986
Current Officers, Directors, Trustees, and Key Employees--$128,000$128,000
Other Salaries and Wages-$41,144$73,937$115,081
Fees for Services Other-$61,684$23,221$84,905
Travel-$10,640$41,093$51,733
Office Expenses-$7,061$27,209$34,270
Information Technology-$24,526-$24,526
Pension Plan Contributions-$18,710-$18,710
Fees for Services Accounting-$18,180-$18,180
Advertising-$1,876$4,279$6,155
Other Employee Benefits-$5,500-$5,500
Insurance-$2,979-$2,979
Total Functional Expenses$2,502,986$192,300$297,739$2,993,025

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,140,355
Expenses per Audited Statements$2,993,025
Total Expenses per Form 990$2,993,025
Expenses Not Reported on Form 990$147,330
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$259,830
Fundraising Gross Income$112,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
GALA'S$1,071,195-$30,074-
Total Events$1,071,195-$259,830$-259,830
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 bylaws 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
1500 CITY WEST BLVD 700, HOUSTON, TX 77042

Signing Officer

Name
Amit Bhandari
Title
Director
Phone
8327759000
Signed
2024-09-20
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
25

Preparer

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

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 utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2023 and 2022, the foundation has no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 147,330.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 147,330.”

Raw XML AppendixShowing 400 of 425 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/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06838642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03315797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01082648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01738870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01415969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014391926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt099411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01124
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0101808
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57480
IRS990ScheduleA/PublicSupportPY170Pct00.82470
IRS990ScheduleA/PublicSupportTotal170Amt08331426
IRS990ScheduleA/SubstantialContributorsTotAmt06060500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06838642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03315797
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01082648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01738870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01415969
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014391926
IRS990ScheduleA/TotalSupportAmt014493734
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/ExpensesNotReportedAmt0147330
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02993025
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0147330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/OtherRevenueAmt0147330
IRS990ScheduleD/RevenueNotReportedAmt0147330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06790723
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 UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 147,330.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS 147,330.
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/TotalExpensesPerForm990Amt02993025
IRS990ScheduleD/TotalLiabilityAmt0900
IRS990ScheduleD/TotalRevenuePerForm990Amt06790723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06938053
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03140355
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01362986
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt11140000
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/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt01071195
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01071195
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0259830
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt078436
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt078436
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA'S
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01071195
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01071195
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-259830
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030074
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030074
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0151320
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0151320
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 BYLAWS 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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02026142
IRS990/TotalAssetsEOYAmt05874672
IRS990/TotalAssetsGrp/BOYAmt02026142
IRS990/TotalAssetsGrp/EOYAmt05874672
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06838642
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0297739
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0192300
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02502986
IRS990/TotalFunctionalExpensesGrp/TotalAmt02993025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060168
IRS990/TotalLiabilitiesEOYAmt0111000
IRS990/TotalLiabilitiesGrp/BOYAmt060168
IRS990/TotalLiabilitiesGrp/EOYAmt0111000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01965974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05763672
IRS990/TotalOtherCompensationAmt022000
IRS990/TotalProgramServiceExpensesAmt02502986
IRS990/TotalReportableCompFromOrgAmt0128000
IRS990/TotalRevenueGrp/ExclusionAmt0-47919
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06790723
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02026142
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05874672
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt041093
IRS990/TravelGrp/ManagementAndGeneralAmt010640
IRS990/TravelGrp/TotalAmt051733
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 CITY WEST BLVD 700
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077042
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MAGICBUSUSA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMIT BHANDARI

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,874,672
Liabilities
$111,000
Net assets
$5,763,672
Revenue
$6,790,723
Expenses
$2,993,025
Net income
$3,797,698
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