Civic Intelligence

Magic Grants

990 • Fiscal year 2022 • EIN 82-5183590

Aug 01, 2021 to Jul 31, 2022 • Filed on Oct 19, 2023

Organization ProfileWWW.MAGICGRANTS.ORG
1942 Broadway Street Ste 314CBoulder, CO 80302

(303) 900-3237

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

95th percentile

168%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

522%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$124,139

Up $77,874 (+168%) from 2021

Net Assets

Up

$124,139

Up $77,874 (+168%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin94th percentile

Revenue

Up

$111,602

Up $93,658 (+522%) from 2021

Expenses

Up

$33,728

Up $25,129 (+292%) from 2021

Net Income

Up

$77,874

Up $68,529 (+733%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$800K$600K$400K$200K$0Assets 2019: $86,338Liabilities 2019: $02019Assets 2020: $36,920Liabilities 2020: $02020Assets 2021: $46,265Liabilities 2021: $0Net Assets 2021: $46,2652021Assets 2022: $124,139Liabilities 2022: $0Net Assets 2022: $124,1392022Assets 2023: $256,192Liabilities 2023: $0Net Assets 2023: $256,1922023Assets 2024: $262,582Liabilities 2024: $0Net Assets 2024: $262,5822024Assets 2025: $773,639Liabilities 2025: $0Net Assets 2025: $773,6392025

Highlighted filing

2022

Assets$124,139
Liabilities$0
Net Assets$124,139
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $96,699Expenses 2019: $10,361Net Income 2019: $86,3382019Revenue 2020: -$41,309Expenses 2020: $8,109Net Income 2020: -$49,4182020Revenue 2021: $17,944Expenses 2021: $8,599Net Income 2021: $9,3452021Revenue 2022: $111,602Expenses 2022: $33,728Net Income 2022: $77,8742022Revenue 2023: $304,281Expenses 2023: $172,228Net Income 2023: $132,0532023Revenue 2024: $131,102Expenses 2024: $124,712Net Income 2024: $6,3902024Revenue 2025: $874,550Expenses 2025: $363,493Net Income 2025: $511,0572025

Highlighted filing

2022

Revenue$111,602
Expenses$33,728
Net Income$77,874
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Oct 19, 2023
Return Version
2021v4.2
Gross Receipts
$160,987
Mission and Program Overview

Mission

Scholarships to post-secondary students

Expand education, scientific research, philanthropy, and community outreach in support of literacy in financial privacy as well as privacy infrastructure for the public good. It additionally encourages research and education in cryptocurrency topics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$46,265$124,139▲ $77,874
Cash and Non-Interest-Bearing Accounts$36,739$42,851▲ $6,112
Total Assets$46,265$124,139▲ $77,874
Other Assets Total$9,526$81,288▲ $71,762
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$46,265$124,139▲ $77,874
Total Liabilities and Net Assets / Fund Balance$46,265$124,139▲ $77,874

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$81,288--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Justin EhrenhoferPresident Exec Director
John MurphyVice President
Matthew ShroyerTreasurer Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$117,670
Program Service Revenue
$0
Investment Income
$-6,068
Other Revenue
$0
All Other Contributions
$117,670
Change in Net Assets
$77,874

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous10$104,531Exchange Value
Total Noncash Contributions10$104,531-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,869
Other Expenses$10,859
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,869--$16,869
Grants to Domestic Individuals$6,000--$6,000
Travel$5,981--$5,981
Advertising$1,538$1,538-$3,076
Fees for Services Legal-$1,000-$1,000
Information Technology-$414-$414
Office Expenses-$290-$290
Fees for Services Accounting-$98-$98
Total Functional Expenses$30,388$3,340$0$33,728
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
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
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

Management duties delegation Part VI line 3

“Though we have three people in total, we are mindful of delegating duties when possible.”

Member election for additional members Part VI line 7A

“The board may elect additional members the board may elect new members”

Governing body meeting documentation Part VI line 8A

“The board takes minutes every meeting”

Form 990 governing body review Part VI line 11

“The board reviews the 990 prior to its filing”

Conflict of interest policy compliance Part VI line 12C

“The board reviews its conflict of interest policy on a regular basis, and all new contracts requiring board approval contain a section requiring disclosure of any conflict of interest.”

Governing documents etc available to public Part VI line 19

“The tax return or governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Multidisciplinary Academic Grants in Cryptocurrenc
EIN
82-5183590
Address
1942 BROADWAY STREET STE 314C, BOULDER, CO 80302

Signing Officer

Name
Justin Ehrenhofer
Title
President Exec
Phone
3039003237
Signed
2023-10-19
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Competent Assistance for Nonprofits
Address
PO BOX 66086, BURIEN, WA 98166
Preparer
Linda Akey
Phone
7203207014
Raw XML Appendix312 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT EXEC DIRECTOR
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT AMOUNTS ARE PRE-DETERMINED AND AGREED TO IN A WRITTEN AND SIGNED AGREEMENT PRIOR TO THE RECIPIENT COMMENCING WORK. THE RESULTS OF THE WORK ARE EVALUATED BY THE MAGIC BOARD AND SOMETIMES BY INTERESTED AND QUALIFIED THIRD PARTIES PRIOR TO RELEASING FUNDS. FUNDS ARE GENERALLY PAID OUT ON A MILESTONE BASIS. MILESTONES ARE DEFINED IN THE WRITTEN AGREEMENTS. GRANTS ARE AWARDED MOSTLY TO THOSE WHO HAVE PERFORMED SIMILAR WORK IN THE PAST OR WHO HAVE DEMONSTRATED COMPETENCE ON THE SUBJECT MATTER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THOUGH WE HAVE THREE PEOPLE IN TOTAL, WE ARE MINDFUL OF DELEGATING DUTIES WHEN POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MAY ELECT ADDITIONAL MEMBERS THE BOARD MAY ELECT NEW MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD TAKES MINUTES EVERY MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE 990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS ITS CONFLICT OF INTEREST POLICY ON A REGULAR BASIS, AND ALL NEW CONTRACTS REQUIRING BOARD APPROVAL CONTAIN A SECTION REQUIRING DISCLOSURE OF ANY CONFLICT OF INTEREST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
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ReturnHeader/TaxYr02021

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$124,139
Liabilities
$0
Net assets
$124,139
Revenue
$111,602
Expenses
$33,728
Net income
$77,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.74$0.00$7.74$8.75$3.63$5.11
2024Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$1.31$1.25$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$3.04$1.72$1.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.00$1.24$1.12$0.34$0.78
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.18$0.09$0.09
2020Summary only. Only limited summary data is available for this year.$0.37$0.00$0.41$0.08$0.49
2019Summary only. Only limited summary data is available for this year.$0.86$0.00$0.97$0.10$0.86