Civic Intelligence

Magical Bridge Foundation

990 • Fiscal year 2017 • EIN 81-2377796

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization Profilemagicalbridge.org
650 Gilman StPalo Alto, CA 94301

(650) 567-3337

Siviq Scores

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

Liabilities / Assets

85th percentile

0.50x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.49x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$113,100

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

100th percentile

61945100%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$619,452

Up $619,451 (+61945100%) from 2016

Net Assets

$307,080

No earlier filing loaded for comparison.

Liabilities

Up

$312,372

Up $312,372 from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin91st percentile

Revenue

Up

$640,429

Up $640,429 from 2016

Expenses

Up

$333,449

Up $333,449 from 2016

Net Income

Up

$306,980

Up $306,980 from 2016

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $1Liabilities 2016: $02016Assets 2017: $619,452Liabilities 2017: $312,372Net Assets 2017: $307,0802017Assets 2018: $2,202,980Liabilities 2018: $17,128Net Assets 2018: $2,185,8522018Assets 2019: $2,085,848Liabilities 2019: $9,907Net Assets 2019: $2,075,9412019Assets 2020: $2,248,172Liabilities 2020: $165,689Net Assets 2020: $2,082,4832020Assets 2021: $2,500,212Liabilities 2021: $100,303Net Assets 2021: $2,399,9092021Assets 2022: $5,846,644Liabilities 2022: $62,034Net Assets 2022: $5,784,6102022Assets 2023: $4,598,373Liabilities 2023: $78,944Net Assets 2023: $4,519,4292023Assets 2024: $1,186,588Liabilities 2024: $87,537Net Assets 2024: $1,099,0512024

Highlighted filing

2017

Assets$619,452
Liabilities$312,372
Net Assets$307,080
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $640,429Expenses 2017: $333,449Net Income 2017: $306,9802017Revenue 2018: $3,680,670Expenses 2018: $2,114,270Net Income 2018: $1,566,4002018Revenue 2019: $2,517,441Expenses 2019: $2,627,352Net Income 2019: -$109,9112019Revenue 2020: $1,273,507Expenses 2020: $1,626,965Net Income 2020: -$353,4582020Revenue 2021: $2,483,019Expenses 2021: $2,165,594Net Income 2021: $317,4252021Revenue 2022: $5,770,246Expenses 2022: $2,385,545Net Income 2022: $3,384,7012022Revenue 2023: $1,207,645Expenses 2023: $2,472,826Net Income 2023: -$1,265,1812023Revenue 2024: $961,729Expenses 2024: $4,382,107Net Income 2024: -$3,420,3782024

Highlighted filing

2017

Revenue$640,429
Expenses$333,449
Net Income$306,980
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$640,429
Mission and Program Overview

Mission

Magical bridge foundation redefines inclusive playgrounds through world-renowned innovative design. Far exceeding industry standards, we remove the physical and social barriers in today's traditional playgrounds to create welcoming spaces for all ages, abilities and sizes. Through our advocacy and programs both on and off the playground, we ignite vital inter-generational play and build more inclusive communities.

Inform the public about disabilities and the inclusion of all abilities; bring socially inclusive playgrounds and related activities to communities everywhere; provide programs, conferences, technology and resources to communities with the goal of empowering the disabled population; solicit, receive, and accept donations, gifts, bequests, grants, income and other items of value; and engage in any other lawful act or activity for which corporations may be organized under the Nonprofit Public Benefit Corporation Law of the State of California.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100$561,223▲ $561,123
Accounts Receivable-$12,000-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$100$619,452▲ $619,352
Other Assets Total-$46,229-
Liabilities
Other Liabilities-$312,372-
Total Liabilities$0$312,372▲ $312,372
Net Assets / Fund Balance
Unrestricted Net Assets$100$307,080▲ $306,980
Total Net Assets Fund Balance$100$307,080▲ $306,980
Total Liabilities and Net Assets / Fund Balance$100$619,452▲ $619,352

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$46,229--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseTotal
Olenka VillarrealPresident$113,100$113,100
Jill AsherVice President$14,300$14,300

Board Members and Trustees

NameTitle
Greg WolffBoard Member
Holly WadeBoard Member
Kimberly LinBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$178,429
Program Service Revenue
$462,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$178,429
Change in Net Assets
$306,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$249,595
Total Fundraising Expense$124,798
Other Expenses$83,854
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,850$56,850$113,700$227,400
Payroll Taxes$4,660$4,660$9,321$18,641
Insurance-$5,186-$5,186
Other Employee Benefits$889$888$1,777$3,554
Other Expenses$74,991$10-$10
Total Functional Expenses$137,390$71,261$124,798$333,449
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Restricted Cash$312,371
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“For the first part of 2017, Magical Bridge Foundation (MBF) was fiscally sponsored by UnaMesa Association, and certain program activities and financial responsibilities were held by UnaMesa during this time. Although both board members, Olenka Villarreal (Executive Director) and Jill Asher (Co-Executive Director) were not paid by Magical Bridge Foundation during 2017, they were employees of UnaMesa, and thus should not be considered truly independent directors.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Board reviews the tax returns before they are filed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The governing docs, policies, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Magical Bridge Foundation
EIN
81-2377796
Phone
6505673337
Address
650 Gilman St, Palo Alto, CA 94301

Signing Officer

Name
Olenka Villarreal
Title
Executive Director
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Olenka Villarreal
Formed
2016
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
260

Preparer

Firm
The Kim L Hix Accountancy Corp
Address
650B Fremont Ave 311, Los Altos, CA 94024
Preparer
Kim Hix
Phone
6502699338
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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/Desc0The organization made huge strides towards its purpose and mission of bringing socially inclusive playgrounds to communities everywhere. During 2017 there were 4 playground projects in development with the following accomplishments: (l)Redwood City, CA - Initiated payment from UnaMesa Association, Magical Bridge Foundation's initial fiscal sponsor, to the City of Redwood City for construction of Magical Bridge Playground at Red Morton Park. Engaged 454 donors and approximately 160 volunteers. (2)Sunnyvale, CA - In July 2017, Magical Bridge Foundation announced the Sunnyvale Magical Bridge project at Fair Oaks Park. Engaged 85 donors and approximately 50 volunteers. (3) Morgan Hill, CA - In August 2017, Magical Bridge Foundation announced the Morgan Hill Magical Bridge project at Community Park. Engaged 131 donors and approximately 50 volunteers. (3) Mountain View, CA - Met and worked to finalize contracts with the city of Mountain View to launch a Mountain View Magical Bridge Playground Project in Mountain View. The project was officially announced in Jan. 4th, 2018.In addition, in 2017, the foundation held various programs at the Magical Bridge's inaugural playground in Palo Alto, where an estimated 25,000 people visited the playground each month. Accomplishments included: (1) 2017 "Music is Magic" concert series with 14 concerts at 10K attendees over the whole series (2) Launched "Team Visual Magic" a group creating playground innovations for the visually impaired. (3) Prototyped and developed "Autistic Hideaway Huts" which will be placed in future Magical Bridge Playgrounds. (4) Announced Magical Bridge Playground featured at Smithsonian Cooper Hewitt's Access and Ability Exhibit (5) Created first open and closed caption video about Magical Bridge Foundation. Although it is not reflected in the 990, Magical Bridge Foundation initiated from UnaMesa Association, Magical Bridge Foundation initial fiscal sponsor, to the the City of Redwood City for construction of Magical Bridge Playground at Red Morton Park.In 2017, Magical Bridge Foundation was under contract to build and fundraise for playground projects in Sunnyvale, CA and Morgan Hill, CA. An additional contract in partnership with UnaMesa Association was signed in 2016, but included activity in 2017. As part of these contracts, Magical Bridge Foundation supported applications by the applicable city to the County of Santa Clara All-Inclusive Playground Grant Progra. (AIPG). Through this partnership, Magical Bridge playground projects secured $2M of AIPG funding for the city of Morgan Hill and $1.7M for the city of Sunnyvale. These funds were paid directly to the cities and were not received by Magical Bridge Foundation. Although Magical Bridge supported the cities' application for government funding for the playground projects, Magical Bridge did not directly receive any government grants in 2017.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0333015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0333015
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0462000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0462000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0795015
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0795015
IRS990ScheduleA/Total509Grp/TotalAmt0795015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0795015
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0795015
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046229
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Cash - UnaMesa
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0312371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Restricted Cash
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueOtherAssetsAmt046229
IRS990ScheduleD/TotalLiabilityAmt0312372
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0For the first part of 2017, Magical Bridge Foundation (MBF) was fiscally sponsored by UnaMesa Association, and certain program activities and financial responsibilities were held by UnaMesa during this time. Although both board members, Olenka Villarreal (Executive Director) and Jill Asher (Co-Executive Director) were not paid by Magical Bridge Foundation during 2017, they were employees of UnaMesa, and thus should not be considered truly independent directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews the tax returns before they are filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing docs, policies, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0100
IRS990/TotalAssetsEOYAmt0619452
IRS990/TotalAssetsGrp/BOYAmt0100
IRS990/TotalAssetsGrp/EOYAmt0619452
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0178429
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0124798
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0137390
IRS990/TotalFunctionalExpensesGrp/TotalAmt0333449
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0312372
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0312372
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0307080
IRS990/TotalProgramServiceExpensesAmt0137390
IRS990/TotalProgramServiceRevenueAmt0462000
IRS990/TotalReportableCompFromOrgAmt0127400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0462000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0640429
IRS990/TotalVolunteersCnt0260
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619452
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0100
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0307080
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0magicalbridge.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Olenka Villarreal
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magical Bridge Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0812377796
ReturnHeader/Filer/PhoneNum06505673337
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 Gilman St
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943334852
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Kim L Hix Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0650B Fremont Ave 311
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Altos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094024
ReturnHeader/PreparerPersonGrp/PhoneNum06502699338
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kim Hix
ReturnHeader/ReturnTs02018-11-13T13:21:35-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$619,452
Liabilities
$312,372
Net assets
$307,080
Revenue
$640,429
Expenses
$333,449
Net income
$306,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.09$1.10$0.96$4.38$3.42
2023Detailed filing. Detailed filing data is available for this year.$4.60$0.08$4.52$1.21$2.47$1.27
2022Detailed filing. Detailed filing data is available for this year.$5.85$0.06$5.78$5.77$2.39$3.38
2021Detailed filing. Detailed filing data is available for this year.$2.50$0.10$2.40$2.48$2.17$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.17$2.08$1.27$1.63$0.35
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.01$2.08$2.52$2.63$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.20$0.02$2.19$3.68$2.11$1.57
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.31$0.31$0.64$0.33$0.31
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00