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$2,885,545
Up $130,708 (+4.7%) from 2024
Net Assets
Up$2,804,852
Up $79,333 (+2.9%) from 2024
Liabilities
Up$80,693
Up $51,375 (+175%) from 2024
Revenue
Up$1,346,987
Up $75,709 (+6.0%) from 2024
Expenses
Up$1,315,111
Up $13,597 (+1.0%) from 2024
Net Income
Up$31,876
Up $62,112 (+205%) from 2024
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 | $1,440,262 | $1,405,857 | ▼ $34,405 |
| Savings and Temporary Cash Investments | $306,173 | $576,176 | ▲ $270,003 |
| Cash and Non-Interest-Bearing Accounts | $582,508 | $385,555 | ▼ $196,953 |
| Investments in Publicly Traded Securities | $327,147 | $382,914 | ▲ $55,767 |
| Receivables From Officers Etc | $98,747 | $99,983 | ▲ $1,236 |
| Other Notes and Loans Receivable, Net | - | $35,060 | - |
| Accounts Receivable | - | $0 | - |
| Total Assets | $2,754,837 | $2,885,545 | ▲ $130,708 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $29,318 | $50,246 | ▲ $20,928 |
| Unsecured Notes Loans Payable | - | $30,447 | - |
| Total Liabilities | $29,318 | $80,693 | ▲ $51,375 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,725,519 | $2,804,852 | ▲ $79,333 |
| Total Net Assets Fund Balance | $2,725,519 | $2,804,852 | ▲ $79,333 |
| Total Liabilities and Net Assets / Fund Balance | $2,754,837 | $2,885,545 | ▲ $130,708 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $807,059 | $420,456 | $1,227,515 |
| Equipment | $264,243 | $156,877 | $421,120 |
| Land | $306,885 | - | $306,885 |
| Leasehold Improvements | $27,670 | $3,075 | $30,745 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Dianne Kremidas | Executive Director | FT | $115,500 | $13,956 | $129,456 |
| Mary Andrews | CEO and Co-Founder | FT | $105,000 | $9,675 | $114,675 |
| Name | Title |
|---|---|
| Rich Buckley | Chairman |
| Ken Dickard | Vice-Chairman |
| Jamie Harvey | Co-Founder/Director Tech Ed |
| Brian Papo | Director |
| James Andrews | Director |
| Russ Hazael | Director |
| Courtney Lance-Morakalis | Director/Secretary |
| Teresa Tucker | Co-Founder |
| Line Item | Amount |
|---|---|
| Other Expenses | $753,514 |
| Salaries, Compensation, and Employee Benefits | $561,597 |
| Total Fundraising Expense | $38,887 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $221,083 | $28,055 | $14,420 | $263,558 |
| Conferences and Meetings | $258,113 | - | - | $258,113 |
| Current Officers, Directors, Trustees, and Key Employees | $203,947 | $25,881 | $13,303 | $243,131 |
| Fees for Services Other | $91,307 | $3,073 | - | $94,380 |
| Depreciation Depletion | - | $81,468 | - | $81,468 |
| Occupancy | $10,110 | $47,058 | $659 | $57,827 |
| Travel | $40,144 | $5,095 | $2,618 | $47,857 |
| Payroll Taxes | $37,043 | $4,701 | $2,417 | $44,161 |
| All Other Expenses | $20,225 | $17,704 | - | $37,929 |
| Other Expenses | $25,838 | $3,468 | $1,782 | $25,838 |
| Fees for Services Accounting | - | $23,126 | - | $23,126 |
| Information Technology | $9,693 | $1,230 | $632 | $11,555 |
| Insurance | $9,233 | $1,172 | $602 | $11,007 |
| Other Employee Benefits | $9,015 | $1,144 | $588 | $10,747 |
| Fees for Service Investment Mgmnt Fees | - | $3,079 | - | $3,079 |
| Office Expenses | $845 | $107 | $55 | $1,007 |
| Total Functional Expenses | $1,026,338 | $249,886 | $38,887 | $1,315,111 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,315,111 |
| Expenses per Audited Statements | $1,312,032 |
| Total Expenses per Audited Statements | $1,312,032 |
| Expenses Not Reported on Financial Statements | $3,079 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $98,747 | $99,983 | ▲ $1,236 |
“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, 2024.”
“Rental property expense”
“Rental property expense”
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/MissionDesc | 0 | 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. |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1904 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1904 |
| IRS990/OtherRevenueTotalAmt | 0 | 1904 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 14420 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 28055 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 221083 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 263558 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 35060 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2417 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4701 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 37043 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 44161 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Dianne Kremidas |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1218386 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 25546 |
| IRS990/PYOtherExpensesAmt | 0 | 735594 |
| IRS990/PYOtherRevenueAmt | 0 | 27346 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -30236 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 565920 |
| IRS990/PYTotalExpensesAmt | 0 | 1301514 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1271278 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 98747 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 99983 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 31876 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 26300 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1904 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 306173 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 576176 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1285371 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1218386 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1260658 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 987878 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1414702 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 6166995 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 33412 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 25546 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30109 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 40449 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50857 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 180373 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 28204 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 27346 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2184 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2453 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 60187 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.51980 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.53980 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3330936 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 2836059 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1285371 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1218386 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1260658 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 987878 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1414702 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 6166995 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 6407555 |
| 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 | 807059 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 420456 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1227515 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 264243 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 156877 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 421120 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 3079 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1312032 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 3079 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 3079 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 306885 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 306885 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 27670 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3075 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 30745 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 47457 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 47457 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 3079 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1343908 |
| 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, 2024. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Rental property expense |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | Rental property expense |
| 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 | 1405857 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1315111 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1346987 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1391365 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1312032 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 99983 |
| 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 | 99983 |
| 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 |
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Displayed year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.