Civic Intelligence

Magic Music Charitable Foundation

990EZ • Fiscal year 2020 • EIN 84-3576596

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization Profilewww.magicmusicfoundation.org
PO Box 793398Dallas, TX 75379

(214) 641-3626

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

39th percentile

-0.4%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$147

No earlier filing loaded for comparison.

Net Assets

$147

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin39th percentile

Revenue

$90,034

No earlier filing loaded for comparison.

Expenses

$90,401

No earlier filing loaded for comparison.

Net Income

-$367

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.

$400$300$200$100$0Assets 2020: $147Liabilities 2020: $0Net Assets 2020: $1472020Assets 2021: $362Liabilities 2021: $0Net Assets 2021: $3622021Assets 2022: $1Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $1Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $18Liabilities 2024: $0Net Assets 2024: $182024

Highlighted filing

2020

Assets$147
Liabilities$0
Net Assets$147
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0-$50KRevenue 2020: $90,034Expenses 2020: $90,401Net Income 2020: -$3672020Revenue 2021: $125,445Expenses 2021: $125,230Net Income 2021: $2152021Revenue 2022: $107,250Expenses 2022: $107,612Net Income 2022: -$3622022Revenue 2023: $189,710Expenses 2023: $189,710Net Income 2023: $02023Revenue 2024: $145,272Expenses 2024: $145,254Net Income 2024: $182024

Highlighted filing

2020

Revenue$90,034
Expenses$90,401
Net Income-$367
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$90,034
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

DescriptionGrantsExpenses
The Magic Music Foundation makes scholarships 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 music instruments through any music dealer around the world.$90,401-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol DoremusSecretaryPT$0--
Alan WainsteinPresidentPT$0--
Thom ChristiansenTreasurerPT$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
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Sumrall & Bondy PC
Address
8150 N Central Expressway Suite 165, Dallas, TX 75206
Preparer
R C Bondy III
Phone
9722332200
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.94

“| Donee's Name: W.E. Greiner Exploratory Arts | Donee's Address: 501 S. Edgefield Avenue Dallas TX 75208 | Description of Property: Instruments | Fair Market Value: $11900 | Method Used to Determine FMV: Value of similar items”

Other Expenses.1001

“Advertising and Promotion $169”

Other Expenses.1003

“Information Technology $18”

Other Expenses.1007

“Conferences, Conventions, and Meetings $8”

Other Expenses.1

“Telephone $819”

Other Expenses.2

“Supplies $294”

Other Expenses.3

“Online Concert Expense $134”

Other Expenses.4

“Bank Fees $117”

Other Expenses.7

“Security and Fraud Prevention $27”

Other Expenses.8

“storage for equipment $6”

Raw XML Appendix145 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/BooksInCareOfDetail/USAddress/CityNm0Dallas
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075230
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0514
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Secretary
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01592
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The mission and purpose of the Magic Music Charitable Foundation is to create scholarships to provide music lessons and instruments to underprivileged music Students.
IRS990EZ/PrintingPublicationsPostageAmt0216
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt090401
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt090401
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IRS990EZ/TotalRevenueAmt090034
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0http://www.magicmusicfoundation.org
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt090034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt090034
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt090034
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt090034
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt090034
IRS990ScheduleA/TotalSupportAmt090034
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: W.E. Greiner Exploratory Arts | Donee's Address: 501 S. Edgefield Avenue Dallas TX 75208 | Description of Property: Instruments | Fair Market Value: $11900 | Method Used to Determine FMV: Value of similar items
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $18
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $8
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Telephone $819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Supplies $294
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Online Concert Expense $134
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank Fees $117
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Security and Fraud Prevention $27
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9storage for equipment $6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.94
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.8
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ReturnHeader/Filer/EIN0843576596
ReturnHeader/Filer/PhoneNum02146413626
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ReturnHeader/Filer/USAddress/CityNm0Dallas
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ReturnHeader/Filer/USAddress/ZIPCd075379
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dallas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerPersonGrp/PhoneNum09722332200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R C Bondy III
ReturnHeader/ReturnTs02021-11-15T15:30:14-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Alan
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147
Liabilities
$0
Net assets
$147
Revenue
$90,034
Expenses
$90,401
Net income
-$367
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.45$1.45$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.90$1.90$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.07$1.08$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.25$1.25$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.90$0.90$0.00