Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Magic Music Charitable Foundation
EIN 84-3576596 • 501(c)3 • Dallas, TX
Pub. 78 Eligible990-N Coverage
Profile
The mission and purpose of the Magic Music Charitable Foundation is to create scholarships to provide music lessons and instruments to underprivileged music Students.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Up$18
Up $17 (+1700%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$18
Up $18 from 2023
Revenue
Down$145,272
Down $44,438 (-23%) from 2023
Expenses
Down$145,254
Down $44,456 (-23%) from 2023
Net Income
Up$18
Up $18 from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $18
- Liabilities
- $0
- Net assets
- $18
- Revenue
- $145,272
- Expenses
- $145,254
- Net income
- $18
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $145,272
Mission and Program Overview
Mission
The mission and purpose of the Magic Music Charitable Foundation is to create scholarships to provide music lessons and instruments to underprivileged music Students.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE MAGIC MUSIC CHARITABLE FOUNDATION MAKES SCHOLORSHIPS AVAILABLE (IN THE FORM OF GRANTS/FUNDS, MUSIC INSTRUMENTS, AND MUSIC LESSONS) TO ASSIST MUSIC STUDENTS IN ACQUIRING A MUSIC EDUCATION THROUGH ANY MUSIC TEACHER AND ACQUIRING INSTRUMENTS THROUGH ANY MUSIC DEALER AROUND THE WORLD. | $145,272 | $145,254 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CAROL DOREMUS | Secretary | PT | $0 | - | - |
| ALAN WAINSTEIN | President | PT | $0 | - | - |
| THOM CHRISTIANSEN | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Magic Music Charitable Foundation
- EIN
- 84-3576596
- Phone
- 2146413626
- Address
- PO BOX 793398, DALLAS, TX 75379
Signing Officer
- Name
- Alan Wainstein
- Title
- President
- Phone
- 2146413626
- Signed
- 2025-11-17
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Cook Johnston & Co Cpas
- Address
- 333 N SAM HOUSTON PKWY E STE 375, HOUSTON, TX 77060
- Preparer
- Bryce G Schuetz CPA
- Phone
- 2819991636
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: various. Grantee relationship: n/a. Property description: musical instruments. Method used to determine fmv: similar items. Book value of property: 127,576. Date of gift: various. Amount given: 127,576.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising. Amount: 19. Description: dues and subscriptions. Amount: 300. Description: internet/website. Amount: 89. Description: supplies. Amount: 459. Description: telephone. Amount: 72. Description: bank fees. Amount: 194. Description: piano moving expenses. Amount: 15,245. Total to form 990-ez, line 16: 16,378.”
Raw XML Appendix135 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ALAN WAINSTEIN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2166413626 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5959 ROYAL LANE SUITE 539 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DALLAS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75230 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 18 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 145272 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 18 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 951 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 18 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 127576 |
| IRS990EZ/GrossReceiptsAmt | 0 | 145272 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 18 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 18 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 274 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CAROL DOREMUS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ALAN WAINSTEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | THOM CHRISTIANSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16378 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE MISSION AND PURPOSE OF THE MAGIC MUSIC CHARITABLE FOUNDATION IS TO CREATE SCHOLARSHIPS TO PROVIDE MUSIC LESSONS AND INSTRUMENTS TO UNDERPRIVILEGED MUSIC STUDENTS. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 75 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE MAGIC MUSIC CHARITABLE FOUNDATION MAKES SCHOLORSHIPS AVAILABLE (IN THE FORM OF GRANTS/FUNDS, MUSIC INSTRUMENTS, AND MUSIC LESSONS) TO ASSIST MUSIC STUDENTS IN ACQUIRING A MUSIC EDUCATION THROUGH ANY MUSIC TEACHER AND ACQUIRING INSTRUMENTS THROUGH ANY MUSIC DEALER AROUND THE WORLD. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 145272 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 145254 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 145254 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 145254 |
| IRS990EZ/TotalRevenueAmt | 0 | 145272 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://WWW.MAGICMUSIC.COM/FOUNDATION |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 145254 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 189710 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 107250 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 125445 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 90034 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 657693 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 657693 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 145254 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 189710 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 107250 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 125445 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 90034 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 657693 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 657693 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: VARIOUS. GRANTEE RELATIONSHIP: N/A. PROPERTY DESCRIPTION: MUSICAL INSTRUMENTS. METHOD USED TO DETERMINE FMV: SIMILAR ITEMS. BOOK VALUE OF PROPERTY: 127,576. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 127,576. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING. AMOUNT: 19. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 300. DESCRIPTION: INTERNET/WEBSITE. AMOUNT: 89. DESCRIPTION: SUPPLIES. AMOUNT: 459. DESCRIPTION: TELEPHONE. AMOUNT: 72. DESCRIPTION: BANK FEES. AMOUNT: 194. DESCRIPTION: PIANO MOVING EXPENSES. AMOUNT: 15,245. TOTAL TO FORM 990-EZ, LINE 16: 16,378. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ALAN WAINSTEIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2146413626 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MAGIC MUSIC CHARITABLE FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MAGI |
| ReturnHeader/Filer/EIN | 0 | 843576596 |
| ReturnHeader/Filer/PhoneNum | 0 | 2146413626 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 793398 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DALLAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75379 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 742124549 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COOK JOHNSTON & CO CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 333 N SAM HOUSTON PKWY E STE 375 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HOUSTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 77060 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2819991636 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRYCE G SCHUETZ CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T15:40:20-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.