Form 990, Part VI, Section A, line 2
“Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.”
Scores are not available for this record yet.
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
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $828,055 | $205,852 | $1,033,907 |
| Equipment | $117,834 | $249,869 | $367,703 |
| Land | $250,785 | - | $250,785 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Dianne Kremidas | Executive Director | FT | $110,000 | $6,782 | $116,782 |
| Mary Andrews | CEO and Co-Founder | FT | $105,000 | $7,973 | $112,973 |
| Jamie Harvey | Co-Founder/Director Tech Ed | FT | $57,000 | - | $57,000 |
| Name | Title |
|---|---|
| Rich Buckley | Chairman |
| Ken Dickard | Vice-Chairman |
| Brian Papo | Director |
| James Andrews | Director |
| Russ Hazael | Director |
| Courtney Lance-Morakalis | Director/Secretary |
| Teresa Tucker | Co-Founder |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $96,562 | $97,546 | ▲ $984 |
“Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.”
“The Form 990 is made available to the Board of Directors prior to filing.”
“Compensation of all employees is discussed and approved by the Board of Directors.”
“Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements also available on the Illinois Attorney General's website.”
“The process has not changed from the prior year.”
“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.”
“Rental property expense 42,228.”
“Rental property expense 42,228.”
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/Desc | 0 | The 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. |
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| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2106 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4029 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 33396 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 39531 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Mary Andrews |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 987878 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -4592 |
| IRS990/PYOtherExpensesAmt | 0 | 448627 |
| IRS990/PYOtherRevenueAmt | 0 | -6707 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 133 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 527819 |
| IRS990/PYTotalExpensesAmt | 0 | 976446 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 976579 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 96562 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 97546 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 25490 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -23728 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 90924 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 90849 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1260658 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 987878 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1414702 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 981634 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 924364 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5569236 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 30109 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 40449 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50857 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 15173 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 9180 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 145768 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 800 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 2184 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2453 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4135 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 8772 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.52170 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.53040 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2986055 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 2583181 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1260658 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 987878 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1414702 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 981634 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 924364 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5569236 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5723776 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 828055 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 205852 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1033907 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 117834 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 249869 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 367703 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 42228 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 2525 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1216732 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 2525 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 2525 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 250785 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 250785 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 41119 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 42228 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 42228 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 83347 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 2525 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1242222 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Rental property expense 42,228. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | Rental property expense 42,228. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XI, Line 2d - Other Adjustments: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part XII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1196674 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1219257 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1244747 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1325569 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1258960 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 97546 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | Business loan |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 200000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | James Andrews |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | Board Member |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 97546 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Form 990 is made available to the Board of Directors prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Compensation of all employees is discussed and approved by the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Governing 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/ExplanationTxt | 4 | The process has not changed from the prior year. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part XII, line 2c: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.