Civic Intelligence

Love Your Magic Inc

990 • Fiscal year 2024 • EIN 87-2061145

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 22, 2025

Organization ProfileLOVEYOURMAGIC.ORG
141 Mcbride StreetBoston, MA 02130

(202) 830-6652

Siviq Scores

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

Liabilities / Assets

86th percentile

0.29x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

15th percentile

-27%

Higher net margin than 15% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$152,298

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 35.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

14th percentile

-41%

Faster asset growth than 14% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

279%

Faster revenue growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$128,516

Down $89,033 (-41%) from 2023

Net Assets

Down

$90,612

Down $103,604 (-53%) from 2023

Liabilities

Up

$37,904

Up $14,571 (+62%) from 2023

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin15th percentile

Revenue

Up

$428,781

Up $315,584 (+279%) from 2023

Expenses

Up

$546,187

Up $361,183 (+195%) from 2023

Net Income

Down

-$117,406

Down $45,599 (-64%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$400K$300K$200K$100K$0Assets 2021: $177,541Liabilities 2021: $121,616Net Assets 2021: $55,9252021Assets 2022: $279,933Liabilities 2022: $13,910Net Assets 2022: $266,0232022Assets 2023: $217,549Liabilities 2023: $23,333Net Assets 2023: $194,2162023Assets 2024: $128,516Liabilities 2024: $37,904Net Assets 2024: $90,6122024Assets 2025: $353,725Liabilities 2025: $15,927Net Assets 2025: $337,7982025

Highlighted filing

2024

Assets$128,516
Liabilities$37,904
Net Assets$90,612
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

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

$1.0M$500K$0-$500KRevenue 2021: $132,787Expenses 2021: $76,862Net Income 2021: $55,9252021Revenue 2022: $582,211Expenses 2022: $372,113Net Income 2022: $210,0982022Revenue 2023: $113,197Expenses 2023: $185,004Net Income 2023: -$71,8072023Revenue 2024: $428,781Expenses 2024: $546,187Net Income 2024: -$117,4062024Revenue 2025: $813,790Expenses 2025: $566,604Net Income 2025: $247,1862025

Highlighted filing

2024

Revenue$428,781
Expenses$546,187
Net Income-$117,406
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 22, 2025
Return Version
2023v6.0
Gross Receipts
$428,781
Mission and Program Overview

Mission

The object of love your magic, inc. Is to positively impact the perception, value, and treatment of black and brown girls in schools through educational services, community engagement, and programming that centers on self- and community- advocacy, self-love, and sisterhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$204,253$112,616▼ $91,637
Pledges and Grants Receivable$13,800$8,000▼ $5,800
Prepaid Expenses and Deferred Charges$13,298$4,500▼ $8,798
Total Assets$231,351$128,516▼ $102,835
Other Assets Total-$3,400-
Liabilities
Deferred Revenue$23,333$19,147▼ $4,186
Other Liabilities-$18,757-
Total Liabilities$23,333$37,904▲ $14,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$208,018$82,612▼ $125,406
Net Assets With Donor Restrictions-$8,000-
Total Net Assets Fund Balance$208,018$90,612▼ $117,406
Total Liabilities and Net Assets / Fund Balance$231,351$128,516▼ $102,835
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ivanna SolanoExecutive DiFT$126,098$26,200$152,298
Ivanna SolanoExecutive Director-$126,098$26,200$152,298
Janille OlivoTreasurerPT$49,459-$49,459

Board Members and Trustees

NameTitle
Alice MitchellDirector
Laura AssadeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$428,781
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$390,781
Change in Net Assets
$-117,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,447
Salaries, Compensation, and Employee Benefits$212,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$192,294--$192,294
Fees for Services Other$132,163$3,168-$135,331
Advertising$57,738$16,504-$74,242
Occupancy$16,894$8,021-$24,915
Travel$12,573$6,150-$18,723
Payroll Taxes$16,648--$16,648
Fees for Services Accounting$4,477$4,477-$8,954
Other Expenses$6,833$44-$6,833
Office Expenses$5,809$682-$6,491
Other Employee Benefits$3,798--$3,798
Information Technology$1,766$1,766-$3,532
All Other Expenses-$2,647-$2,647
Insurance$1,608$561-$2,169
Total Functional Expenses$502,167$44,020$0$546,187
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
Accrued Payroll$11,514
Accrued Expense$3,843
Operating Lease Liability$3,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“All board members were provided a copy of the form 990 before it was filed in order to review for accuracy and completeness.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial information available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Love Your Magic Inc
EIN
87-2061145
Phone
2028306652
Address
141 MCBRIDE STREET, BOSTON, MA 02130

Signing Officer

Name
Ivanna Solano
Title
Executive Director
Phone
2028306652
Signed
2025-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ivanna Solano
Formed
2021
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
4
Volunteers
50

Preparer

Firm
Youngclaus & Company Pllc
Address
65 LAFAYETTE RD STE 102, NORTH HAMPTON, NH 03862
Preparer
Christina Hickey CPA
Phone
6039642772
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The object of love your magic, inc. Is to positively impact the perception, value, and treatment of black and brown girls in schools through educational services, community engagement, and programming that centers on self- and community- advocacy, self-love, and sisterhood.”

Form 990, Part IX, Line 11G

“Facilitators & speakers 38,073 0 0 youth stipends 7,970 0 0 grant writer 2,849 2,849 0 consulting 62,746 0 0 camp counselors 3,000 0 0 contract labor 11,500 0 0 payroll processing fees 2,725 0 0 benefit administration 0 319 0 curriculum development 3,300 0 0 total 132,163 3,168 0”

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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 OBJECT OF LOVE YOUR MAGIC, INC. IS TO POSITIVELY IMPACT THE PERCEPTION, VALUE, AND TREATMENT OF BLACK AND BROWN GIRLS IN SCHOOLS THROUGH EDUCATIONAL SERVICES, COMMUNITY ENGAGEMENT, AND PROGRAMMING THAT CENTERS ON SELF- AND COMMUNITY- ADVOCACY, SELF-LOVE, AND SISTERHOOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS WERE PROVIDED A COPY OF THE FORM 990 BEFORE IT WAS FILED IN ORDER TO REVIEW FOR ACCURACY AND COMPLETENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FACILITATORS & SPEAKERS 38,073 0 0 YOUTH STIPENDS 7,970 0 0 GRANT WRITER 2,849 2,849 0 CONSULTING 62,746 0 0 CAMP COUNSELORS 3,000 0 0 CONTRACT LABOR 11,500 0 0 PAYROLL PROCESSING FEES 2,725 0 0 BENEFIT ADMINISTRATION 0 319 0 CURRICULUM DEVELOPMENT 3,300 0 0 TOTAL 132,163 3,168 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0LOVEYOURMAGIC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IVANNA SOLANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02028306652
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOVE YOUR MAGIC INC
ReturnHeader/Filer/BusinessNameControlTxt0LOVE
ReturnHeader/Filer/EIN0872061145
ReturnHeader/Filer/PhoneNum02028306652
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020493931
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt065 LAFAYETTE RD STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH HAMPTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003862
ReturnHeader/PreparerPersonGrp/PhoneNum06039642772
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINA HICKEY CPA
ReturnHeader/ReturnTs02025-01-28T12:50:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,516
Liabilities
$37,904
Net assets
$90,612
Revenue
$428,781
Expenses
$546,187
Net income
-$117,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.54$0.16$3.38$8.14$5.67$2.47
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.38$0.91$4.29$5.46$1.17
2023Detailed filing. Detailed filing data is available for this year.$2.18$0.23$1.94$1.13$1.85$0.72
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.14$2.66$5.82$3.72$2.10
2021Detailed filing. Detailed filing data is available for this year.$1.78$1.22$0.56$1.33$0.77$0.56