Civic Intelligence

The Magic Yarn Project

990 • Fiscal year 2024 • EIN 81-0828812

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 11, 2025

Organization Profilethemagicyarnproject.com
PO Box 83Palmer, AK 99645

(907) 764-2782

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

94th percentile

113%

Faster asset growth than 94% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

80%

Faster revenue growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$561,505

Up $297,679 (+113%) from 2023

Net Assets

Up

$561,505

Up $297,679 (+113%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin15th percentile

Revenue

Up

$394,774

Up $175,500 (+80%) from 2023

Expenses

Up

$469,931

Up $247,308 (+111%) from 2023

Net Income

Down

-$75,157

Down $71,808 (-2144%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$600K$400K$200K$0Assets 2017: $106,145Liabilities 2017: $0Net Assets 2017: $106,1452017Assets 2018: $167,414Liabilities 2018: $0Net Assets 2018: $167,4142018Assets 2019: $146,280Liabilities 2019: $0Net Assets 2019: $146,2802019Assets 2020: $189,167Liabilities 2020: $0Net Assets 2020: $189,1672020Assets 2021: $261,170Liabilities 2021: $0Net Assets 2021: $261,1702021Assets 2022: $267,175Liabilities 2022: $0Net Assets 2022: $267,1752022Assets 2023: $263,826Liabilities 2023: $0Net Assets 2023: $263,8262023Assets 2024: $561,505Liabilities 2024: $0Net Assets 2024: $561,5052024

Highlighted filing

2024

Assets$561,505
Liabilities$0
Net Assets$561,505
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $334,269Expenses 2017: $246,917Net Income 2017: $87,3522017Revenue 2018: $320,358Expenses 2018: $259,089Net Income 2018: $61,2692018Revenue 2019: $281,868Expenses 2019: $303,002Net Income 2019: -$21,1342019Revenue 2020: $278,076Expenses 2020: $235,189Net Income 2020: $42,8872020Revenue 2021: $214,166Expenses 2021: $142,163Net Income 2021: $72,0032021Revenue 2022: $187,482Expenses 2022: $181,477Net Income 2022: $6,0052022Revenue 2023: $219,274Expenses 2023: $222,623Net Income 2023: -$3,3492023Revenue 2024: $394,774Expenses 2024: $469,931Net Income 2024: -$75,1572024

Highlighted filing

2024

Revenue$394,774
Expenses$469,931
Net Income-$75,157
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 11, 2025
Return Version
2024v5.0
Gross Receipts
$394,774
Mission and Program Overview

Mission

Chemotherapy treatments often leave young scalps too sensitive for traditional wigs. Our yarn wigs are comfy, soft, and warm. Magic yarn wigs are inspired by beloved Disney characters, and invite children back to the world of play and daydreaming. They are beacons of fun, laughter, and play, during scary times.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$486,991-
Cash and Non-Interest-Bearing Accounts$263,826$74,514▼ $189,312
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$263,826$561,505▲ $297,679
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$263,826$561,505▲ $297,679
Total Net Assets Fund Balance$263,826$561,505▲ $297,679
Total Liabilities and Net Assets / Fund Balance$263,826$561,505▲ $297,679
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Megan KenleyBoard Member
Roxie JorgensonBoard Member
Jamie MetcalfBoard Secretary
Sandy McCleveBoard VP and Treasurer
Holly ChristensenFounder/ Board CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$388,528
Program Service Revenue
$0
Investment Income
$6,246
Other Revenue
$0
All Other Contributions
$388,528
Change in Net Assets
$-75,157

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5,280$248,645Estimated Cost
Total Noncash Contributions5,280$248,645-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$469,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$21,176$315$0$21,491
Travel$13,984--$13,984
Information Technology$4,771--$4,771
Advertising$3,988--$3,988
Other Expenses$45,598$2,153-$2,153
Conferences and Meetings$1,937--$1,937
Insurance$1,489--$1,489
Fees for Services Accounting-$1,400-$1,400
Office Expenses$240--$240
Total Functional Expenses$466,019$3,912$0$469,931
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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, Line 11B

“Organization's Process to Review Form 990”

Form 990, Part VI, Line 19

“Governing Documents Disclosure Explanation”

Filing and Contact Details

Filer

Filer Name
The Magic Yarn Project
EIN
81-0828812
Phone
9077642782
Address
PO Box 83, Palmer, AK 99645

Signing Officer

Name
Holly Christensen
Title
Founder/Board CEO
Phone
9077642782
Signed
2025-02-11
Discuss with paid preparer
No

Organization Details

Formed
2016
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Advantage Healthcare Consulting LLC
Address
1033 Amberly Drive, North Salt Lake, UT 84054
Preparer
Sandy Mccleve
Phone
6262970094
Supplemental Narrative

Additional Explanations

Form 990

“Organization's Mission”

Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0219158
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0187450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0214150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0278056
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01293588
IRS990ScheduleA/TotalSupportAmt01293588
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05280
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Yarn Wigs
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Estimated Cost
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0248645
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization's Mission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's Process to Review Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TravelGrp/ProgramServicesAmt013984
IRS990/TravelGrp/TotalAmt013984
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 83
IRS990/USAddress/CityNm0Palmer
IRS990/USAddress/StateAbbreviationCd0AK
IRS990/USAddress/ZIPCd099645
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0themagicyarnproject.com
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReasonableCauseExplanation/ExplanationTxt0Form 990 - Organization's Mission Our mission is to bring magic into the lives of children battling cancer byproviding magic yarn wigs that are inspired by beloved Disney characters,and invite children back to the world of play and daydreaming; and toinspire volunteerism to make a difference. Form 990, Part VI, Line 11b - Organization's Process to Review Form 990A copy of the 990 is provided to all board members for review and concurrance prior to filing. Form 990, Part VI, Line 19 - Governing Documents Disclosure ExplanationNo documents available to the public
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Holly Christensen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder/Board CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09077642782
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Magic Yarn Project
ReturnHeader/Filer/BusinessNameControlTxt0THEM
ReturnHeader/Filer/EIN0810828812
ReturnHeader/Filer/PhoneNum09077642782
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 83
ReturnHeader/Filer/USAddress/CityNm0Palmer
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099645
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$561,505
Liabilities
$0
Net assets
$561,505
Revenue
$394,774
Expenses
$469,931
Net income
-$75,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.62$0.00$5.62$3.95$4.70$0.75
2023Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$2.19$2.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$1.87$1.81$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$2.14$1.42$0.72
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$2.78$2.35$0.43
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$2.82$3.03$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$3.20$2.59$0.61
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$3.34$2.47$0.87