Civic Intelligence

Magic Grants

990 • Fiscal year 2023 • EIN 82-5183590

Aug 01, 2022 to Jul 31, 2023 • Filed on Dec 03, 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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

92nd percentile

106%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

173%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$256,192

Up $132,053 (+106%) from 2022

Net Assets

Up

$256,192

Up $132,053 (+106%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin88th percentile

Revenue

Up

$304,281

Up $192,679 (+173%) from 2022

Expenses

Up

$172,228

Up $138,500 (+411%) from 2022

Net Income

Up

$132,053

Up $54,179 (+70%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2023

Assets$256,192
Liabilities$0
Net Assets$256,192
Open 2023 Filing

Operations Trend

Revenue Growth94th 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

2023

Revenue$304,281
Expenses$172,228
Net Income$132,053
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Dec 3, 2023
Return Version
2022v5.0
Gross Receipts
$475,074
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$124,139$256,192▲ $132,053
Savings and Temporary Cash Investments-$176,508-
Cash and Non-Interest-Bearing Accounts$42,851$36,077▼ $6,774
Total Assets$124,139$256,192▲ $132,053
Other Assets Total$81,288$43,607▼ $37,681
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$124,139$256,192▲ $132,053
Total Liabilities and Net Assets / Fund Balance$124,139$256,192▲ $132,053

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$43,607--
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
$311,521
Program Service Revenue
$0
Investment Income
$-7,240
Other Revenue
$0
All Other Contributions
$311,521
Change in Net Assets
$132,053

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 Miscellaneous116$85,405Exchange Value
Total Noncash Contributions116$85,405-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$170,606
Other Expenses$1,622
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$134,654--$134,654
Grants to Domestic Individuals$19,613--$19,613
Grants to Domestic Orgs$16,339--$16,339
Information Technology-$1,297-$1,297
Advertising$130$130-$260
Office Expenses-$65-$65
Total Functional Expenses$170,736$1,492$0$172,228
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dev Shop LLCCheyenne, WY-Privacy Research Grant-

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
2023-12-03
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Competent Assistance for Nonprofits
Address
PO BOX 66086, BURIEN, WA 98166
Preparer
Linda Akey
Phone
7203207014
Raw XML Appendix363 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/IndoorTanningServicesInd0false
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IRS990/LoanOutstandingInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1NORTH AMERICA NOT THE UNITED STATES
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IRS990ScheduleF/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.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THIS ORGANIZATION USES THE CASH BASIS METHOD OF ACCOUNTING.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT ESTIMATE THE NUMBERS OF RECIPIENTS. THIS IS THE EXACT NUMBER.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt3FOR ANY PAYMENTS MADE IN CRYPTOCURRENCIES, THIS ORGANIZATION MADE ITS BEST EFFORT TO DETERMINE THE USD VALUE OF THE CRYPTOCURRENCY BY REVIEWING THE CURRENT MARKET PRICE ON MAINSTREAM CRYPTOCURRENCY EXCHANGES THAT WOULD HAVE ADEQUATE LIQUIDITY TO CONVERT THE AMOUNTS IN QUESTION.
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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Method of accounting for expenditures (Part I, line 3, col f)
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Number of recipients estimation explanation (Part III, col c)
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0PAID IN BTC CRYPTOCURRENCY
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd082001
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0VALUE ON EXCHANGE
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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SecuritiesMiscellaneousGrp/ContributionCnt0116
IRS990ScheduleM/SecuritiesMiscellaneousGrp/MethodOfDeterminingRevenuesTxt0EXCHANGE VALUE
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NoncashContributionsRptF990Amt085405
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0SIMILAR TO WITH OTHER INVESTMENTS LIKE STOCKS, THE BUYING OR SELLING OF CRYPTOCURRENCIES IS OFTEN PERFORMED THROUGH THIRD-PARTY CUSTODIAL EXCHANGES. THIS ORGANIZATION USES ONLY REPUTABLE, REGULATED ENTITIES FOR THEIR CUSTODIAL EXCHANGE.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Third party arrangements (Part I, line 32b)
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TAX RETURN OR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0124139
IRS990/TotalAssetsEOYAmt0256192
IRS990/TotalAssetsGrp/BOYAmt0124139
IRS990/TotalAssetsGrp/EOYAmt0256192
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0311521
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01492
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170736
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172228
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124139
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0256192
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0170736
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-7240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304281
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0124139
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0256192
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MAGICGRANTS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN EHRENHOFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT EXEC
ReturnHeader/BusinessOfficerGrp/PhoneNum03039003237
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MULTIDISCIPLINARY ACADEMIC GRANTS IN CRYPTOCURRENC
ReturnHeader/Filer/BusinessNameControlTxt0MULT
ReturnHeader/Filer/EIN0825183590
ReturnHeader/Filer/USAddress/AddressLine1Txt01942 BROADWAY STREET STE 314C
ReturnHeader/Filer/USAddress/CityNm0BOULDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080302
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262752877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COMPETENT ASSISTANCE FOR NONPROFITS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 66086
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURIEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098166
ReturnHeader/PreparerPersonGrp/PhoneNum07203207014
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA AKEY
ReturnHeader/ReturnTs02023-12-13T15:30:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EHRENHOFER
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$256,192
Liabilities
$0
Net assets
$256,192
Revenue
$304,281
Expenses
$172,228
Net income
$132,053
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