Civic Intelligence

Magic Foundation

990 • Fiscal year 2023 • EIN 36-3673333

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 03, 2024

4200 Cantera DriveWarrenville, IL 60555

(630) 836-8200

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,758,895

Up $61,544 (+2.3%) from 2022

Net Assets

Up

$2,731,104

Up $66,609 (+2.5%) from 2022

Liabilities

Down

$27,791

Down $5,065 (-15%) from 2022

Revenue And Expenses

Revenue

Up

$1,244,747

Up $268,168 (+27%) from 2022

Expenses

Up

$1,219,257

Up $242,811 (+25%) from 2022

Net Income

Up

$25,490

Up $25,357 (+19065%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,167,805Liabilities 2016: $50,251Net Assets 2016: $2,117,5542016Assets 2017: $2,235,044Liabilities 2017: $48,706Net Assets 2017: $2,186,3382017Assets 2018: $2,474,330Liabilities 2018: $76,010Net Assets 2018: $2,398,3202018Assets 2019: $2,393,545Liabilities 2019: $87,324Net Assets 2019: $2,306,2212019Assets 2020: $2,355,155Liabilities 2020: $138,360Net Assets 2020: $2,216,7952020Assets 2021: $2,737,360Liabilities 2021: $26,173Net Assets 2021: $2,711,1872021Assets 2022: $2,697,351Liabilities 2022: $32,856Net Assets 2022: $2,664,4952022Assets 2023: $2,758,895Liabilities 2023: $27,791Net Assets 2023: $2,731,1042023Assets 2024: $2,754,837Liabilities 2024: $29,318Net Assets 2024: $2,725,5192024

Highlighted filing

2023

Assets$2,758,895
Liabilities$27,791
Net Assets$2,731,104

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $895,657Expenses 2016: $1,015,821Net Income 2016: -$120,1642016Revenue 2017: $1,055,760Expenses 2017: $979,904Net Income 2017: $75,8562017Revenue 2018: $1,196,726Expenses 2018: $978,108Net Income 2018: $218,6182018Revenue 2019: $904,110Expenses 2019: $1,007,797Net Income 2019: -$103,6872019Revenue 2020: $918,619Expenses 2020: $1,030,578Net Income 2020: -$111,9592020Revenue 2021: $1,415,154Expenses 2021: $935,413Net Income 2021: $479,7412021Revenue 2022: $976,579Expenses 2022: $976,446Net Income 2022: $1332022Revenue 2023: $1,244,747Expenses 2023: $1,219,257Net Income 2023: $25,4902023Revenue 2024: $1,271,278Expenses 2024: $1,301,514Net Income 2024: -$30,2362024

Highlighted filing

2023

Revenue$1,244,747
Expenses$1,219,257
Net Income$25,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 3, 2024
Return Version
2023v5.0
Gross Receipts
$1,373,974
Mission and Program Overview

Mission

The Magic Foundation provides support services to families of children afflicted with a wide variety of disorders, syndromes and diseases that affect a childs growth. The Organization's commitment and vision is to reduce emotional and physical trauma caused by growth disorders, resulting in happier, healthier children and consequently, adults.

To help children and their families whose physical growth is affected by medical problems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,213,536$1,196,674▼ $16,862
Cash and Non-Interest-Bearing Accounts$1,042,931$1,081,955▲ $39,024
Investments in Publicly Traded Securities$253,398$291,871▲ $38,473
Receivables From Officers Etc$96,562$97,546▲ $984
Savings and Temporary Cash Investments$90,924$90,849▼ $75
Total Assets$2,697,351$2,758,895▲ $61,544
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$32,856$27,791▼ $5,065
Total Liabilities$32,856$27,791▼ $5,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,664,495$2,731,104▲ $66,609
Total Net Assets Fund Balance$2,664,495$2,731,104▲ $66,609
Total Liabilities and Net Assets / Fund Balance$2,697,351$2,758,895▲ $61,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$828,055$205,852$1,033,907
Equipment$117,834$249,869$367,703
Land$250,785-$250,785
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dianne KremidasExecutive DirectorFT$110,000$6,782$116,782
Mary AndrewsCEO and Co-FounderFT$105,000$7,973$112,973
Jamie HarveyCo-Founder/Director Tech EdFT$57,000-$57,000

Board Members and Trustees

NameTitle
Rich BuckleyChairman
Ken DickardVice-Chairman
Brian PapoDirector
James AndrewsDirector
Russ HazaelDirector
Courtney Lance-MorakalisDirector/Secretary
Teresa TuckerCo-Founder
Revenue and Support

Revenue Composition

Contributions and Grants
$1,260,658
Program Service Revenue
$0
Investment Income
$5,608
Other Revenue
$-21,519
All Other Contributions
$1,245,248
Change in Net Assets
$25,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,242,222
Revenue Not Reported on Financial Statements
$2,525
Revenue Not Reported on Form 990
$83,347
Total Revenue per Audited Statements
$1,325,569
Total Revenue per Form 990
$1,244,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$657,217
Salaries, Compensation, and Employee Benefits$562,040
Total Fundraising Expense$38,522
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$239,821$28,927$15,131$283,879
Current Officers, Directors, Trustees, and Key Employees$194,097$23,412$12,246$229,755
Conferences and Meetings$211,808--$211,808
Fees for Services Other$89,362$2,131-$91,493
Office Expenses$53,286$6,427$3,362$63,075
Depreciation Depletion-$49,143-$49,143
Payroll Taxes$33,396$4,029$2,106$39,531
Travel$30,660$3,699$1,934$36,293
Occupancy$10,657$10,906$672$22,235
Fees for Services Legal-$19,805-$19,805
Advertising$11,131--$11,131
Insurance$8,546$1,031$539$10,116
Other Employee Benefits$7,497$905$473$8,875
Other Expenses$4,645$9,308$2,059$4,645
Fees for Service Investment Mgmnt Fees-$2,525-$2,525
Total Functional Expenses$1,014,550$166,185$38,522$1,219,257

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,258,960
Total Expenses per Form 990$1,219,257
Expenses per Audited Statements$1,216,732
Expenses Not Reported on Form 990$42,228
Expenses Not Reported on Financial Statements$2,525
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$96,562$97,546▲ $984
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

Governance Explanations

Form 990, Part VI, Section A, line 2

Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.

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

The Form 990 is made available to the Board of Directors prior to filing.

Form 990, Part VI, Section B, line 15

Compensation of all employees is discussed and approved by the Board of Directors.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements also available on the Illinois Attorney General's website.

Filing and Contact Details

Filer

Filer Name
Magic Foundation
EIN
36-3673333
Phone
6308368200
Address
4200 Cantera Drive, Warrenville, IL 60555

Signing Officer

Name
Mary Andrews
Title
President
Phone
6308368200
Signed
2024-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Andrews
Formed
1989
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
6
Employees
10
Volunteers
30

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

FIN 48 Note from Audited Financial Statements The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Foundation and the nature in which it operates is described above. Management believes the Foundation continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Foundation's Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the IRS, generally for three years after it has been filed. The Foundation has adopted the requirements for accounting for uncertain tax positions and management has determined that the Foundation was not required to record a liability related to uncertain tax positions as of December 31, 2022.

Part XI, Line 2D - Other Adjustments:

Rental property expense 42,228.

Part XII, Line 2D - Other Adjustments:

Rental property expense 42,228.

Raw XML AppendixShowing 400 of 481 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt032856
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027791
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To help children and their families whose physical growth is affected by medical problems.
IRS990/AdvertisingGrp/ProgramServicesAmt011131
IRS990/AdvertisingGrp/TotalAmt011131
IRS990/AllOtherContributionsAmt01245248
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Dianne Kremidas and John Quinn
IRS990/BooksInCareOfDetail/PhoneNum07084739598
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04200 Cantera Drive Suite 106
IRS990/BooksInCareOfDetail/USAddress/CityNm0Warrenville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060555
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01042931
IRS990/CashNonInterestBearingGrp/EOYAmt01081955
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt012246
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt023412
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0194097
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0229755
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0211808
IRS990/ConferencesMeetingsGrp/TotalAmt0211808
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01260658
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05608
IRS990/CYOtherExpensesAmt0657217
IRS990/CYOtherRevenueAmt0-21519
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt025490
IRS990/CYSalariesCompEmpBnftPaidAmt0562040
IRS990/CYTotalExpensesAmt01219257
IRS990/CYTotalFundraisingExpenseAmt038522
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01244747
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt049143
IRS990/DepreciationDepletionGrp/TotalAmt049143
IRS990/Desc0The Organization provides specific assistance to families of children with growth disorders. Magic Foundation provides information and education materials on growth disorders through a newsletter and website. An annual convention is held to provide further assistance and education. Magic Foundation also participates in International Coalition of Organizations Supporting Endocrine Patients, which is a federation of patient advocate associations representing more than 35 countries, medical societies and child advocate supporters.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01014550
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt019805
IRS990/FeesForServicesLegalGrp/TotalAmt019805
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02131
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt089362
IRS990/FeesForServicesOtherGrp/TotalAmt091493
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02525
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02525
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt66782
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt87973
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Rich Buckley
IRS990/Form990PartVIISectionAGrp/PersonNm1Ken Dickard
IRS990/Form990PartVIISectionAGrp/PersonNm2Courtney Lance-Morakalis
IRS990/Form990PartVIISectionAGrp/PersonNm3Brian Papo
IRS990/Form990PartVIISectionAGrp/PersonNm4James Andrews
IRS990/Form990PartVIISectionAGrp/PersonNm5Russ Hazael
IRS990/Form990PartVIISectionAGrp/PersonNm6Dianne Kremidas
IRS990/Form990PartVIISectionAGrp/PersonNm7Jamie Harvey
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary Andrews
IRS990/Form990PartVIISectionAGrp/PersonNm9Teresa Tucker
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6110000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt757000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8105000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Co-Founder/Dir Tech Ed
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO and Co-Founder
IRS990/Form990PartVIISectionAGrp/TitleTxt9Co-Founder
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-6001
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt080998
IRS990/GrossReceiptsAmt01373974
IRS990/GrossRentsGrp/RealAmt018500
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0539
IRS990/InsuranceGrp/ManagementAndGeneralAmt01031
IRS990/InsuranceGrp/ProgramServicesAmt08546
IRS990/InsuranceGrp/TotalAmt010116
IRS990/InvestmentIncomeGrp/ExclusionAmt011609
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011609
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0253398
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0291871
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0455721
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01213536
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01196674
IRS990/LandBldgEquipCostOrOtherBssAmt01652395
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt086999
IRS990/LessRentalExpensesGrp/RealAmt042228
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt015410
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Magic Foundation provides support services to families of children afflicted with a wide variety of disorders, syndromes and diseases that affect a childs growth. The Organization's commitment and vision is to reduce emotional and physical trauma caused by growth disorders, resulting in happier, healthier children and consequently, adults.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02664495
IRS990/NetAssetsOrFundBalancesEOYAmt02731104
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-6001
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6001
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-23728
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-23728
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt041119
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02664495
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02731104
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0672
IRS990/OccupancyGrp/ManagementAndGeneralAmt010906
IRS990/OccupancyGrp/ProgramServicesAmt010657
IRS990/OccupancyGrp/TotalAmt022235
IRS990/OfficeExpensesGrp/FundraisingAmt03362
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06427
IRS990/OfficeExpensesGrp/ProgramServicesAmt053286
IRS990/OfficeExpensesGrp/TotalAmt063075
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0473
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0905
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07497
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08875
IRS990/OtherExpensesGrp/Desc0International ICOSEP
IRS990/OtherExpensesGrp/Desc1Repairs & maintenance
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Division RSS DDC
IRS990/OtherExpensesGrp/FundraisingAmt02059
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19308
IRS990/OtherExpensesGrp/ProgramServicesAmt087008
IRS990/OtherExpensesGrp/ProgramServicesAmt132636
IRS990/OtherExpensesGrp/ProgramServicesAmt24645
IRS990/OtherExpensesGrp/TotalAmt087008
IRS990/OtherExpensesGrp/TotalAmt138632
IRS990/OtherExpensesGrp/TotalAmt29308
IRS990/OtherExpensesGrp/TotalAmt34645
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02209
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02209
IRS990/OtherRevenueTotalAmt02209
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015131
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028927
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0239821
IRS990/OtherSalariesAndWagesGrp/TotalAmt0283879
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02106
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04029
IRS990/PayrollTaxesGrp/ProgramServicesAmt033396
IRS990/PayrollTaxesGrp/TotalAmt039531
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Mary Andrews
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0987878
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-4592
IRS990/PYOtherExpensesAmt0448627
IRS990/PYOtherRevenueAmt0-6707
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0133
IRS990/PYSalariesCompEmpBnftPaidAmt0527819
IRS990/PYTotalExpensesAmt0976446
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0976579
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt096562
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt097546
IRS990/ReconcilationRevenueExpnssAmt025490
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-23728
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt090924
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01260658
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0987878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01414702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0981634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0924364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05569236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030109
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt040449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt050857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09180
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0145768
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0800
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02184
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02453
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04135
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08772
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52170
IRS990ScheduleA/PublicSupportPY170Pct00.53040
IRS990ScheduleA/PublicSupportTotal170Amt02986055
IRS990ScheduleA/SubstantialContributorsTotAmt02583181
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01260658
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0987878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01414702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0981634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0924364
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05569236
IRS990ScheduleA/TotalSupportAmt05723776
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/BuildingsGrp/BookValueAmt0828055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0205852
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01033907
IRS990ScheduleD/EquipmentGrp/BookValueAmt0117834
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0249869
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0367703
IRS990ScheduleD/ExpensesNotReportedAmt042228
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02525
IRS990ScheduleD/ExpensesSubtotalAmt01216732
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02525
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02525
IRS990ScheduleD/LandGrp/BookValueAmt0250785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250785
IRS990ScheduleD/NetUnrealizedGainsInvstAmt041119
IRS990ScheduleD/OtherExpensesIncludedAmt042228
IRS990ScheduleD/OtherRevenueAmt042228
IRS990ScheduleD/RevenueNotReportedAmt083347
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02525
IRS990ScheduleD/RevenueSubtotalAmt01242222
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Foundation and the nature in which it operates is described above. Management believes the Foundation continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Foundation's Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the IRS, generally for three years after it has been filed. The Foundation has adopted the requirements for accounting for uncertain tax positions and management has determined that the Foundation was not required to record a liability related to uncertain tax positions as of December 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental property expense 42,228.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental property expense 42,228.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01196674
IRS990ScheduleD/TotalExpensesPerForm990Amt01219257
IRS990ScheduleD/TotalRevenuePerForm990Amt01244747
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01325569
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01258960
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt097546
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Business loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0James Andrews
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt097546
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is made available to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of all employees is discussed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements also available on the Illinois Attorney General's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings