Civic Intelligence

Magic Funds Inc

990EZ • Fiscal year 2022 • EIN 83-0695255

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileMAGICFUNDAMAZON.COM
5550 Topanga Canyon Blvd 155Woodland Hills, CA 91367

(310) 820-1601

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

21st percentile

-17%

Higher net margin than 21% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

$43,659

No earlier filing loaded for comparison.

Net Assets

$43,659

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin21st percentile

Revenue

$86,305

No earlier filing loaded for comparison.

Expenses

$101,092

No earlier filing loaded for comparison.

Net Income

-$14,787

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2022: $43,659Liabilities 2022: $0Net Assets 2022: $43,6592022Assets 2023: $182,192Liabilities 2023: $333Net Assets 2023: $181,8592023Assets 2024: $221,341Liabilities 2024: $333Net Assets 2024: $221,0082024

Highlighted filing

2022

Assets$43,659
Liabilities$0
Net Assets$43,659
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2022: $86,305Expenses 2022: $101,092Net Income 2022: -$14,7872022Revenue 2023: $210,850Expenses 2023: $85,204Net Income 2023: $125,6462023Revenue 2024: $268,215Expenses 2024: $229,066Net Income 2024: $39,1492024

Highlighted filing

2022

Revenue$86,305
Expenses$101,092
Net Income-$14,787
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$86,305
Mission and Program Overview

Mission

The specific purpose of this corporation is to work toward the recue and sustainable progress of the indigenous people and cultures of the colombian amazon.

The specific purpose of this corporation is to work toward the rescue and sustainable progress of the indigenous people and cultures of the colombian amazon.this is intended to be achieved through direct community actions including but not limited to providing health services, language schools, progressive community development and other support for the indigenous people,

Program Services

DescriptionGrantsExpenses
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO WORK TOWARD THE RESCUE AND SUSTAINABLE PROGRESS OF THE INDIGENOUS PEOPLE AND CULTURES OF THE COLOMBIAN AMAZON.$100,000$0
THIS IS INTENDED TO BE ACHIEVED THROUGH DIRECT COMMUNITY ACTIONS INCLUDING BUT NOT LIMITED TO PROVIDING HEALTH SERVICES, LANGUAGE SCHOOLS, PROGRESSIVE COMMUNITY DEVELOPMENT AND OTHER SUPPORT FOR THE INDIGENOUS PEOPLE,$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LIZ BOWLUSPresidentPT$0--
MARIAH STEIGERVice PresidentPT$0--
ARAS BARAKAUSDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Magic Funds Inc
EIN
83-0695255
Phone
3108201601
Address
5550 TOPANGA CANYON BLVD 155, WOODLAND HILLS, CA 91367

Signing Officer

Name
Liz Bowlus
Title
President
Phone
9419282264
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Leitner Zander & Co Llp
Address
5550 TOPANGA CANYON BLVD SUITE 155, WOODLAND HILLS, CA 91367
Preparer
Howard D Leitner
Phone
3108201601
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: 1. Grantee name: ambiwasi communidad. Grantee address: carrera 16 16b 33 fusagasusa, curdinamarca, colombia. Grantee relationship: none. Property description: cash. Book value of property: 25,000. Date of gift: 05/09/22. Amount given: 50,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: 2. Grantee name: ambiwasi communidad. Grantee address: carrera 16 16b 33 fusagasusa, curdinamarca, colombia. Grantee relationship: none. Property description: cash. Book value of property: 25,000. Date of gift: 07/11/22. Amount given: 25,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: 3. Grantee name: ambiwasi communidad. Grantee address: carrera 16 16b 33 fusagasusa, curdinamarca, colombia. Grantee relationship: none. Property description: cash. Book value of property: 25,000. Date of gift: 07/13/22. Amount given: 25,000. Total included on form 990-ez, line 10: 100,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 165. Description: operating expenses. Amount: 927. Total to form 990-ez, line 16: 1,092.”

Raw XML Appendix163 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARIAH STEIGER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO WORK TOWARD THE RESCUE AND SUSTAINABLE PROGRESS OF THE INDIGENOUS PEOPLE AND CULTURES OF THE COLOMBIAN AMAZON.THIS IS INTENDED TO BE ACHIEVED THROUGH DIRECT COMMUNITY ACTIONS INCLUDING BUT NOT LIMITED TO PROVIDING HEALTH SERVICES, LANGUAGE SCHOOLS, PROGRESSIVE COMMUNITY DEVELOPMENT AND OTHER SUPPORT FOR THE INDIGENOUS PEOPLE,
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO WORK TOWARD THE RESCUE AND SUSTAINABLE PROGRESS OF THE INDIGENOUS PEOPLE AND CULTURES OF THE COLOMBIAN AMAZON.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THIS IS INTENDED TO BE ACHIEVED THROUGH DIRECT COMMUNITY ACTIONS INCLUDING BUT NOT LIMITED TO PROVIDING HEALTH SERVICES, LANGUAGE SCHOOLS, PROGRESSIVE COMMUNITY DEVELOPMENT AND OTHER SUPPORT FOR THE INDIGENOUS PEOPLE,
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990EZ/WebsiteAddressTxt0MAGICFUNDAMAZON.COM
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt043691
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt044906
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0187295
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: 1. GRANTEE NAME: AMBIWASI COMMUNIDAD. GRANTEE ADDRESS: CARRERA 16 16B 33 FUSAGASUSA, CURDINAMARCA, COLOMBIA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. BOOK VALUE OF PROPERTY: 25,000. DATE OF GIFT: 05/09/22. AMOUNT GIVEN: 50,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: 2. GRANTEE NAME: AMBIWASI COMMUNIDAD. GRANTEE ADDRESS: CARRERA 16 16B 33 FUSAGASUSA, CURDINAMARCA, COLOMBIA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. BOOK VALUE OF PROPERTY: 25,000. DATE OF GIFT: 07/11/22. AMOUNT GIVEN: 25,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: 3. GRANTEE NAME: AMBIWASI COMMUNIDAD. GRANTEE ADDRESS: CARRERA 16 16B 33 FUSAGASUSA, CURDINAMARCA, COLOMBIA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. BOOK VALUE OF PROPERTY: 25,000. DATE OF GIFT: 07/13/22. AMOUNT GIVEN: 25,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 100,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: BANK CHARGES. AMOUNT: 165. DESCRIPTION: OPERATING EXPENSES. AMOUNT: 927. TOTAL TO FORM 990-EZ, LINE 16: 1,092.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LIZ BOWLUS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09419282264
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC FUNDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0830695255
ReturnHeader/Filer/PhoneNum03108201601
ReturnHeader/Filer/USAddress/AddressLine1Txt05550 TOPANGA CANYON BLVD 155
ReturnHeader/Filer/USAddress/CityNm0WOODLAND HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091367
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954213059
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEITNER ZANDER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05550 TOPANGA CANYON BLVD SUITE 155
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODLAND HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091367
ReturnHeader/PreparerPersonGrp/PhoneNum03108201601
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD D LEITNER
ReturnHeader/ReturnTs02023-11-15T09:48:06-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LIZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOWLUS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,659
Liabilities
$0
Net assets
$43,659
Revenue
$86,305
Expenses
$101,092
Net income
-$14,787
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$2.68$2.29$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$2.11$0.85$1.26
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.86$1.01$0.15