Civic Intelligence

Magic Grants

990 • Fiscal year 2024 • EIN 82-5183590

Aug 01, 2023 to Jul 31, 2024 • Filed on Jun 11, 2025

Organization ProfileWWW.MAGICGRANTS.ORG
1500 N Grant St Ste RDenver, CO 80203

(303) 900-3237

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

53rd percentile

4.9%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

9th percentile

-57%

Faster revenue growth than 9% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$262,582

Up $6,390 (+2.5%) from 2023

Net Assets

Up

$262,582

Up $6,390 (+2.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin53rd percentile

Revenue

Down

$131,102

Down $173,179 (-57%) from 2023

Expenses

Down

$124,712

Down $47,516 (-28%) from 2023

Net Income

Down

$6,390

Down $125,663 (-95%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2024

Assets$262,582
Liabilities$0
Net Assets$262,582
Open 2024 Filing

Operations Trend

Revenue Growth9th 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

2024

Revenue$131,102
Expenses$124,712
Net Income$6,390
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 11, 2025
Return Version
2023v6.0
Gross Receipts
$227,639
Mission and Program Overview

Mission

Scholarships to post-secondary students

Promote educational materials and research for cryptocurrency and privacy, provide scholarships, and support payment infrastructure for the public good.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$176,508$220,126▲ $43,618
Cash and Non-Interest-Bearing Accounts$36,077$33,689▼ $2,388
Total Assets$256,192$262,582▲ $6,390
Other Assets Total$43,607$8,767▼ $34,840
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,192$262,582▲ $6,390
Total Net Assets Fund Balance$256,192$262,582▲ $6,390
Total Liabilities and Net Assets / Fund Balance$256,192$262,582▲ $6,390
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Justin EhrenhoferPresident, S
Thomas Tyler ShawDirector
John MurphyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$121,327
Program Service Revenue
$0
Investment Income
$9,775
Other Revenue
$0
All Other Contributions
$121,327
Change in Net Assets
$6,390

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table55$98,824Converted to Cash at Once
Total Noncash Contributions55$98,824-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,122
Other Expenses$2,590
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$54,349--$54,349
Foreign Grants$49,773--$49,773
Grants to Domestic Orgs$18,000--$18,000
Information Technology$528$1,583-$2,111
Fees for Services Legal-$337-$337
Other Expenses-$118-$118
Office Expenses-$24-$24
Total Functional Expenses$122,650$2,062$0$124,712
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cypher StackLas Cruces, NM-Research and Develop$13,000

International Summary

Offices
3
Employees
3
Spending
$49,773

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (outside Us)Prog SvcsResearch11$28,000
Russia and NeighboringProg SvcsResearch22$21,773
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Prior BoardResearch and DevelopNo$13,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 11B

“The board reviews the 990 prior to its filing”

Form 990, Page 6, 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.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Magic Grants
EIN
82-5183590
Phone
3039003237
Address
1500 N GRANT ST STE R, DENVER, CO 80203

Signing Officer

Name
Justin Ehrenhofer
Title
President, Secretary
Phone
3039003237
Signed
2025-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Ehrenhofer
Formed
2018
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Wolford Companies Inc
Address
252 EVELYNE ST, CHESTER, MD 21619
Preparer
Matthew Shroyer CPA
Phone
4438375088
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“NONE”

Raw XML Appendix370 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE EDUCATIONAL MATERIALS AND RESEARCH FOR CRYPTOCURRENCY AND PRIVACY, PROVIDE SCHOLARSHIPS, AND SUPPORT PAYMENT INFRASTRUCTURE FOR THE PUBLIC GOOD.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0121327
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JUSTIN EHRENHOFER
IRS990/BooksInCareOfDetail/PhoneNum03039003237
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01500 N GRANT ST STE R
IRS990/BooksInCareOfDetail/USAddress/CityNm0DENVER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080203
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt036077
IRS990/CashNonInterestBearingGrp/EOYAmt033689
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0121327
IRS990/CYGrantsAndSimilarPaidAmt0122122
IRS990/CYInvestmentIncomeAmt09775
IRS990/CYOtherExpensesAmt02590
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt06390
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0124712
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0131102
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDED GRANTS TO INDIVIDUALS AND/OR ORGANIZATIONS WHO PERFORMED RESEARCH IN THE FIELD OF CRYPTOCURRENCY AND/OR PRIVACY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0116650
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0337
IRS990/FeesForServicesLegalGrp/TotalAmt0337
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt049773
IRS990/ForeignGrantsGrp/TotalAmt049773
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt06.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0JUSTIN EHRENHOFER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS TYLER SHAW
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, S
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt01540
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0116122
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt054349
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt054349
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt018000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt018000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt098077
IRS990/GrossReceiptsAmt0227639
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01583
IRS990/InformationTechnologyGrp/ProgramServicesAmt0528
IRS990/InformationTechnologyGrp/TotalAmt02111
IRS990/InvestmentIncomeGrp/ExclusionAmt08235
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08235
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt096537
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE EDUCATIONAL MATERIALS AND RESEARCH FOR CRYPTOCURRENCY AND PRIVACY, PROVIDE SCHOLARSHIPS, AND SUPPORT PAYMENT INFRASTRUCTURE FOR THE PUBLIC GOOD.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0256192
IRS990/NetAssetsOrFundBalancesEOYAmt0262582
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01540
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01540
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0256192
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0262582
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt098824
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024
IRS990/OfficeExpensesGrp/TotalAmt024
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043607
IRS990/OtherAssetsTotalGrp/EOYAmt08767
IRS990/OtherExpensesGrp/Desc0FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0118
IRS990/OtherExpensesGrp/TotalAmt0118
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JUSTIN EHRENHOFER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0AFTER REVIEWING AND SELECTING AWARDEES STUDYING VARIOUS CRYPTOCURRENCY- RELATED DISCIPLINES IN THEIR UNDERGRADUATE STUDIES, PAID ACADEMIC SCHOLARSHIPS TO THE AWARDEES' RESPECTIVE INSTITUTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt06000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0311521
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0170606
IRS990/PYInvestmentIncomeAmt0-7240
IRS990/PYOtherExpensesAmt01622
IRS990/PYRevenuesLessExpensesAmt0132053
IRS990/PYTotalExpensesAmt0172228
IRS990/PYTotalRevenueAmt0304281
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06390
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176508
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0220126
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0121327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0315027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0117670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt017944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03985
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0575953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03506
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011741
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89910
IRS990ScheduleA/PublicSupportTotal170Amt0528379
IRS990ScheduleA/SubstantialContributorsTotAmt047574
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0121327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0315027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0117670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt017944
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03985
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0575953
IRS990ScheduleA/TotalSupportAmt0587694
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt021773
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt128000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0RUSSIA AND NEIGHBORING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1NORTH AMERICA (OUTSIDE US)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0RESEARCH
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1RESEARCH
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROG SVCS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROG SVCS
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt028000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0STABLE CRYPTOCU
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt019998
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt03
IRS990ScheduleF/SubtotalOfficesCnt03
IRS990ScheduleF/SubtotalSpentAmt049773
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/ExplanationTxt1RUSSIA AND NEIGHBORING 21,773 0 NORTH AMERICA (OUTSIDE US) 28,000 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/TotalEmployeeCnt03
IRS990ScheduleF/TotalOfficeCnt03
IRS990ScheduleF/TotalOtherOrgCnt03
IRS990ScheduleF/TotalSpentAmt049773
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt028800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt019549
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0XMR CRYPTOCURRE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt23
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0EXCHANGE
IRS990ScheduleI/RecipientTable/CashGrantAmt013000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH AND DEVELOP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CYPHER STACK
IRS990ScheduleI/RecipientTable/RecipientEIN0862631969
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0380 BAMERT RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAS CRUCES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NM
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd088007
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CYPHER STACK (DIEGO SALAZAR)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRIOR BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt013000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RESEARCH AND DEVELOP
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0CYPHER STACK LLC WAS SELECTED THROUGH A COMPETITIVE SELECTION PROCESS FOR CONTRACT(S) TO PERFORM VARIOUS RESEARCH AND DEVELOPMENT TASKS THAT FURTHERED THE MISSION OF MAGIC GRANTS. DIEGO SALAZAR AND THEIR FIRM CYPHER STACK LLC DID NOT HAVE ANY SPECIAL STANDING WHATSOEVER DUE TO THEIR PRIOR STATUS AS A MAGIC GRANTS BOARD MEMBER IN THE ORGANIZATION'S EARLY HISTORY. THE MAGIC GRANTS BOARD SELECTED CYPHER STACK LLC FOR THESE CONTRACTS DUE TO THIS FIRM HAVING THE TALENT NECESSARY TO COMPLETE THE CONTRACTS AND THEIR COMPETITIVE RATES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt055
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CRYPTOCURRENCY
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0CONVERTED TO CASH AT ONCE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt098824
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0SIMILAR TO WITH OTHER INVESTMENTS LIKE STOCKS, THE BUYING OR SELLING OF CRYPTOCURRENCIES IS OFTEN PERFORMED THROUGH THIRD-PARTY CUSTODIAN EXCHANGES. THIS ORGANIZATION USES ONLY REPUTABLE, REGULATED ENTITIES FOR THEIR CUSTODIAL EXCHANGE.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 1, PART I, LINE 32B
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MAY ELECT ADDITIONAL MEMBERS. THE BOARD MAY ELECT NEW MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE 990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE TAX RETURN OR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0256192
IRS990/TotalAssetsEOYAmt0262582
IRS990/TotalAssetsGrp/BOYAmt0256192
IRS990/TotalAssetsGrp/EOYAmt0262582
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0121327
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02062
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0122650
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124712
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256192
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0262582
IRS990/TotalProgramServiceExpensesAmt0122650
IRS990/TotalRevenueGrp/ExclusionAmt09775
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131102
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0256192
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0262582
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 N GRANT ST STE R
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080203
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MAGICGRANTS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN EHRENHOFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03039003237
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC GRANTS
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0825183590
ReturnHeader/Filer/PhoneNum03039003237
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 N GRANT ST STE R
ReturnHeader/Filer/USAddress/CityNm0DENVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080203
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455520568
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLFORD COMPANIES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0252 EVELYNE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021619
ReturnHeader/PreparerPersonGrp/PhoneNum04438375088
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW SHROYER CPA
ReturnHeader/ReturnTs02025-06-13T16:14:43-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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
$262,582
Liabilities
$0
Net assets
$262,582
Revenue
$131,102
Expenses
$124,712
Net income
$6,390
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