Civic Intelligence

Magic City Enterprises Foundation

990 • Fiscal year 2021 • EIN 83-0315307

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 27, 2022

Organization ProfileMCEWYO.ORG/WHO-WE-ARE/FOUNDATION
1780 Westland RdCheyenne, WY 82001

(307) 637-8869

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

42nd percentile

5.8%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

690%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,155,297

Up $63,638 (+5.8%) from 2020

Net Assets

Up

$1,155,297

Up $63,638 (+5.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin86th percentile

Revenue

Up

$131,768

Up $115,083 (+690%) from 2020

Expenses

Down

$68,130

Down $134,806 (-66%) from 2020

Net Income

Up

$63,638

Up $249,889 (+134%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.5M$1.0M$500K$0Assets 2019: $1,277,910Liabilities 2019: $0Net Assets 2019: $1,277,9102019Assets 2020: $1,091,659Liabilities 2020: $0Net Assets 2020: $1,091,6592020Assets 2021: $1,155,297Liabilities 2021: $0Net Assets 2021: $1,155,2972021Assets 2022: $839,567Liabilities 2022: $18,750Net Assets 2022: $820,8172022Assets 2023: $1,212,817Liabilities 2023: $5,056Net Assets 2023: $1,207,7612023Assets 2024: $1,495,515Liabilities 2024: $17,423Net Assets 2024: $1,478,0922024

Highlighted filing

2021

Assets$1,155,297
Liabilities$0
Net Assets$1,155,297
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $910,894Expenses 2019: $105,645Net Income 2019: $805,2492019Revenue 2020: $16,685Expenses 2020: $202,936Net Income 2020: -$186,2512020Revenue 2021: $131,768Expenses 2021: $68,130Net Income 2021: $63,6382021Revenue 2022: $64,490Expenses 2022: $398,970Net Income 2022: -$334,4802022Revenue 2023: $477,918Expenses 2023: $90,974Net Income 2023: $386,9442023Revenue 2024: $334,510Expenses 2024: $64,179Net Income 2024: $270,3312024

Highlighted filing

2021

Revenue$131,768
Expenses$68,130
Net Income$63,638
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 27, 2022
Return Version
2020v4.0
Gross Receipts
$131,768
Mission and Program Overview

Mission

To solicit and accept contributions in supporting magic city enterprises, inc. To accomplish their mission to create opportunities for people with disabilities to achieve individual success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$809,034$870,927▲ $61,893
Investments Other Securities$282,625$284,370▲ $1,745
Total Assets$1,091,659$1,155,297▲ $63,638
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,091,659$1,155,297▲ $63,638
Total Net Assets Fund Balance$1,091,659$1,155,297▲ $63,638
Total Liabilities and Net Assets / Fund Balance$1,091,659$1,155,297▲ $63,638

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$284,370--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jeff GardnerPresident
Dwight HayesDirector
Paul OrtegaDirector
Robert NicholasDirector
Robert GodfreyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$125,598
Program Service Revenue
$0
Investment Income
$6,170
Other Revenue
$0
All Other Contributions
$125,598
Change in Net Assets
$63,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,768
Total Revenue per Audited Statements
$131,768
Total Revenue per Form 990
$131,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,000
Other Expenses$5,130
Total Fundraising Expense$250
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$63,000--$63,000
Fees for Services Other-$3,265-$3,265
Other Expenses-$120$250$120
Total Functional Expenses$63,000$4,880$250$68,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,130
Total Expenses per Audited Statements$68,130
Total Expenses per Form 990$68,130
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Magic City EnterprisesCheyenne, WY501c3Support$63,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 board reviews and approves the 990 before filing.”

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 Foundation
EIN
83-0315307
Phone
3076378869
Address
1780 WESTLAND RD, CHEYENNE, WY 82001

Signing Officer

Name
Jeff Gardner
Title
President
Phone
3076378869
Signed
2022-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Gardner
Formed
1995
Legal Domicile
Wy
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

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

“The organizations follow accounting for uncertainty in income taxes, which requires the organizations to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the years ended june 30, 2021 and 2020, management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status.”

Raw XML Appendix351 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND APPROVES THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS, BOARD MINUTES, FINANCIAL STATEMENTS AND THE TAX RETURN ARE MADE AVAILABLE UPON REQUEST.
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt063000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MAGIC CITY ENTERPRISES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01091659
IRS990/TotalAssetsEOYAmt01155297
IRS990/TotalAssetsGrp/BOYAmt01091659
IRS990/TotalAssetsGrp/EOYAmt01155297
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0125598
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0250
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04880
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063000
IRS990/TotalFunctionalExpensesGrp/TotalAmt068130
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01091659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01155297
IRS990/TotalProgramServiceExpensesAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt06170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131768
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01091659
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01155297
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01780 WESTLAND ROAD
IRS990/USAddress/CityNm0CHEYENNE
IRS990/USAddress/StateAbbreviationCd0WY
IRS990/USAddress/ZIPCd082001
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0MCEWYO.ORG/WHO-WE-ARE/FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF GARDNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03076378869
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC CITY ENTERPRISES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0830315307
ReturnHeader/Filer/PhoneNum03076378869
ReturnHeader/Filer/USAddress/AddressLine1Txt01780 WESTLAND RD
ReturnHeader/Filer/USAddress/CityNm0CHEYENNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
ReturnHeader/Filer/USAddress/ZIPCd082001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208019714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JDS PROFESSIONAL GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010303 E DRY CREEK RD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080112
ReturnHeader/PreparerPersonGrp/PhoneNum03037710123
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI B BAUER CPA
ReturnHeader/ReturnTs02022-01-27T10:13:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GARDNER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,155,297
Liabilities
$0
Net assets
$1,155,297
Revenue
$131,768
Expenses
$68,130
Net income
$63,638
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.50$0.02$1.48$0.33$0.06$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.21$0.48$0.09$0.39
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.02$0.82$0.06$0.40$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.13$0.07$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.02$0.20$0.19
2019Summary only. Only limited summary data is available for this year.$1.28$0.00$1.28$0.91$0.11$0.81