Civic Intelligence

Magic City Enterprises Inc

EIN 83-0271501 • 501(c)3 • Cheyenne, WY

Profile

Provide training, employment, transportation, and housing for disabled individuals

1780 Westland RoadCheyenne, WY 82001

mcewyo.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.39x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.20x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

61st percentile

10.0%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

4.5%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

3.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,100,826

Down $215,526 (-6.5%) from 2023

Liabilities

Up

$1,298,930

Up $16,062 (+1.3%) from 2023

Net Assets

Down

$1,801,896

Down $231,588 (-11%) from 2023

Revenue

Down

$5,241,577

Down $1,030,351 (-16%) from 2023

Expenses

Down

$5,473,165

Down $172,484 (-3.1%) from 2023

Net Income

Down

-$231,588

Down $857,867 (-137%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2011: $3,829,440Liabilities 2011: $1,102,059Net Assets 2011: $2,727,3812011Assets 2012: $3,648,326Liabilities 2012: $1,036,817Net Assets 2012: $2,611,5092012Assets 2013: $3,630,640Liabilities 2013: $864,418Net Assets 2013: $2,766,2222013Assets 2014: $3,572,872Liabilities 2014: $751,532Net Assets 2014: $2,821,3402014Assets 2015: $3,278,357Liabilities 2015: $915,571Net Assets 2015: $2,362,7862015Assets 2016: $3,014,788Liabilities 2016: $735,271Net Assets 2016: $2,279,5172016Assets 2017: $1,038,192Liabilities 2017: $1,533,961Net Assets 2017: -$495,7692017Assets 2018: $1,099,870Liabilities 2018: $1,770,595Net Assets 2018: -$670,7252018Assets 2019: $1,148,026Liabilities 2019: $1,535,372Net Assets 2019: -$387,3462019Assets 2020: $1,978,071Liabilities 2020: $2,322,186Net Assets 2020: -$344,1152020Assets 2021: $2,601,918Liabilities 2021: $1,625,593Net Assets 2021: $976,3252021Assets 2022: $3,174,673Liabilities 2022: $1,767,468Net Assets 2022: $1,407,2052022Assets 2023: $3,316,352Liabilities 2023: $1,282,868Net Assets 2023: $2,033,4842023Assets 2024: $3,100,826Liabilities 2024: $1,298,930Net Assets 2024: $1,801,8962024

Highlighted filing

2024

Assets$3,100,826
Liabilities$1,298,930
Net Assets$1,801,896

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $7,931,6282011Expenses 2012: $9,754,3692012Expenses 2013: $9,080,2382013Revenue 2014: $7,619,260Expenses 2014: $7,564,142Net Income 2014: $55,1182014Revenue 2015: $7,772,686Expenses 2015: $8,074,673Net Income 2015: -$301,9872015Revenue 2016: $7,958,938Expenses 2016: $8,198,774Net Income 2016: -$239,8362016Revenue 2017: $5,684,805Expenses 2017: $6,203,205Net Income 2017: -$518,4002017Revenue 2018: $5,617,550Expenses 2018: $5,792,506Net Income 2018: -$174,9562018Revenue 2019: $6,036,466Expenses 2019: $5,753,087Net Income 2019: $283,3792019Revenue 2020: $6,063,334Expenses 2020: $6,020,103Net Income 2020: $43,2312020Revenue 2021: $7,258,123Expenses 2021: $5,937,683Net Income 2021: $1,320,4402021Revenue 2022: $6,047,947Expenses 2022: $5,617,067Net Income 2022: $430,8802022Revenue 2023: $6,271,928Expenses 2023: $5,645,649Net Income 2023: $626,2792023Revenue 2024: $5,241,577Expenses 2024: $5,473,165Net Income 2024: -$231,5882024

Highlighted filing

2024

Revenue$5,241,577
Expenses$5,473,165
Net Income-$231,588

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.10$1.30$1.80$5.24$5.47$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.32$1.28$2.03$6.27$5.65$0.63
2022Detailed filing. Detailed filing data is available for this year.$3.17$1.77$1.41$6.05$5.62$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.60$1.63$0.98$7.26$5.94$1.32
2020Detailed filing. Detailed filing data is available for this year.$1.98$2.32$0.34$6.06$6.02$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.15$1.54$0.39$6.04$5.75$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.10$1.77$0.67$5.62$5.79$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.04$1.53$0.50$5.68$6.20$0.52
2016Detailed filing. Detailed filing data is available for this year.$3.01$0.74$2.28$7.96$8.20$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.28$0.92$2.36$7.77$8.07$0.30
2014Detailed filing. Detailed filing data is available for this year.$3.57$0.75$2.82$7.62$7.56$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.86$2.77$9.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$1.04$2.61$9.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$1.10$2.73$7.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$5,604,186
Mission and Program Overview

Mission

Create opportunities for people with disabilities to achieve individual success.

Provide training, employment, transportation, and housing for disabled individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,184,677$1,410,790▲ $226,113
Land, Buildings, and Equipment, Net$1,685,537$1,384,434▼ $301,103
Accounts Receivable$260,148$177,135▼ $83,013
Prepaid Expenses and Deferred Charges$27,807$40,545▲ $12,738
Cash and Non-Interest-Bearing Accounts$73,522$350▼ $73,172
Total Assets$3,316,352$3,100,826▼ $215,526
Other Assets Total$84,661$87,572▲ $2,911
Liabilities
Accounts Payable and Accrued Expenses$1,151,745$1,067,565▼ $84,180
Deferred Revenue-$107,816-
Other Liabilities$84,661$87,572▲ $2,911
Unsecured Notes Loans Payable$46,462$35,977▼ $10,485
Total Liabilities$1,282,868$1,298,930▲ $16,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,033,484$1,801,896▼ $231,588
Total Net Assets Fund Balance$2,033,484$1,801,896▼ $231,588
Total Liabilities and Net Assets / Fund Balance$3,316,352$3,100,826▼ $215,526

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$952,709$1,069,159$2,021,868
Equipment$177,664$587,045$764,709
Land$254,061-$254,061
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff GardnerCEO/presFT$104,000$104,000

Board Members and Trustees

NameTitle
CLINT O'CONNORChair
Janice HaldiVice Chair
Aaron RoybalDirector
Bob NicholasDirector
Douglas GasselingDirector
Scot SchmidtDirector
Madoka GrenvikSecretary
Wayne HansenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$265,308
Program Service Revenue
$4,261,196
Investment Income
$715,073
Other Revenue
$0
All Other Contributions
$189,194
Change in Net Assets
$-231,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,241,577
Total Revenue per Audited Statements
$5,241,577
Total Revenue per Form 990
$5,241,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,998,893
Other Expenses$1,174,272
Grants and Similar Amounts Paid$300,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,914,142$463,259-$3,377,401
Grants to Domestic Orgs$300,000--$300,000
Payroll Taxes$217,711$34,610-$252,321
Other Employee Benefits$215,890$34,320-$250,210
Depreciation Depletion$146,621$23,308-$169,929
Insurance$143,763$22,854-$166,617
Current Officers, Directors, Trustees, and Key Employees-$108,000-$108,000
Fees for Services Other$6,357$99,831-$106,188
Occupancy$96,306$9,205-$105,511
Other Expenses$70,037$14,377-$84,414
Information Technology$38,028$28,859-$66,887
All Other Expenses$36,706$14,008-$50,714
Pension Plan Contributions$9,458$1,503-$10,961
Travel$4,760$3,889-$8,649
Office Expenses-$7,795-$7,795
Total Functional Expenses$4,378,800$1,094,365$0$5,473,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,473,165
Total Expenses per Audited Statements$5,473,165
Total Expenses per Form 990$5,473,165
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Magic City Enterprises FoundCheyenne, WY501c3-$300,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$87,572
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed by the board and ceo before it is signed and filed.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed annually.

Form 990, Page 6, Part VI, Line 15A

The board determines the ceo's salary and raises.

Form 990, Page 6, Part VI, Line 15B

The ceo and the board determine the compensation for other highly compensated and key employees.

Form 990, Page 6, Part VI, Line 19

The governing documents, board minutes, financial statements and the tax return are made available upon request.

Filing and Contact Details

Filer

Filer Name
Magic City Enterprises Inc
EIN
83-0271501
Phone
3076378869
Address
1780 WESTLAND ROAD, CHEYENNE, WY 82001

Signing Officer

Name
Jeff Gardner
Title
CEO/pres
Phone
3076378869
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Gardner
Formed
1971
Legal Domicile
Wy
Voting Board Members
8
Independent Board Members
8
Employees
113
Volunteers
8

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/OtherExpensesGrp/Desc3VEHICLE REPAIRS & FUEL
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01503
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IRS990/ProgramServiceRevenueGrp/Desc0CLIENT CARE AND DEVELOPMENT
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IRS990/ProgramServiceRevenueGrp/Desc2TRAINING AND ADMIN FEES
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-231588
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IRS990/RelatedEntityInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,194,545
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01112692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01845251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0537085
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01548
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04261196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04762420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04658994
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05023664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04994422
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05531507
IRS990ScheduleA/Total509Grp/TotalAmt028744773
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueSubtotalAmt05241577
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt05473165
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IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MAGIC CITY ENTERPRISES FOUND
IRS990ScheduleI/RecipientTable/RecipientEIN0830315307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01780 WESTLAND RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHEYENNE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD AND CEO BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES THE CEO'S SALARY AND RAISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO AND THE BOARD DETERMINE THE COMPENSATION FOR OTHER HIGHLY COMPENSATED AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, BOARD MINUTES, FINANCIAL STATEMENTS AND THE TAX RETURN ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MAGIC CITY ENTERPRISES FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1830315307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3

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