Magic Years School INC FY2023 filing

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Magic Years school's mission is to help children grow in self confidence, gain social skills, and foster a love of learning. The organization offer spacious classrooms, adventurous outdoor spaces, and experienced and committed staff. The organization focus on the development of the whole child, offer morning and afternoon sessions, outdoor play everyday, and integreated enrichment activites.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2529275) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $78K a year · 33% of revenue · last 4 filings
A surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
21.2 mo
of spending, in cash
21.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $175
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$245K
+6% vs prior year
Spent
$152K
To programs
85%
Net assets
$333K
By yearFY2021–FY2025
Revenue
$245K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$100K
FY2022$232K
FY2023$245K
FY2024$240K
FY2025$235K
Expenses
$152K
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$123K
FY2023$152K
FY2024$172K
FY2025$194K
Net assets
$333K
FY2023▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2021$114K
FY2022$241K
FY2023$333K
FY2024$402K
FY2025$443K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $128K Management & general 10% · $16K Fundraising 5% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Membership
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2021
Wendy Sullivan$53,230$42,626
Heather Skuse—$23,705

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Magic Years School INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Nurtures young children's confidence, friendships, and love of learning in a small cooperative preschool.

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1 program · $128K · in their own filed words · FY2022
01

Magic years is a cooperative preschool providing an environment in which a child can grow in self-confidence, gain friendships and social skills, solve problems and foster and excitment for learning. A school of 20-24 students and 2 teachers.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2529275) · Dispute this line
$128Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$175

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$245K
Ln 12
Fees for servicesLn 2g$191K
Gifts and grantsLn 1h$45K
Other incomeLn 4–11$7K
Money outPt IX
$152K
Ln 25
Programscol B$128K
Managementcol C$16K
Fundraisingcol D$8K
Owns and owesPt X
$333K
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$333K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Government grantsLn 1e$41K
Fees for servicesLn 2g$191K
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$268K
Cash and savings togetherLn 1–2$268K
Land, buildings, equipmentLn 10c$52K
Other assetsLn 15$13K
Total assetsLn 16$333K
LiabilitiesLn 26$0
Net assetsLn 32$333K
OperationsPt I, VI
EmployeesI 54
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$213K$268K
Land, buildings, equipmentLn 10c$15K$52K
Total assetsLn 16$241K$333K
LiabilitiesLn 26$0$0
Net assetsLn 32$241K$333K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$96K$82K$10K$5K
Payroll taxesLn 10$7K$6K$1K$736
Accounting feesLn 11c$658$572$67$19
Advertising and promotionLn 12$82$71$6$5
Office expensesLn 13$2K$2K$179$89
Information technologyLn 14$977$830$98$49
OccupancyLn 16$11K$9K$1K$532
Conferences, conventions and meetingsLn 19$279$237$28$14
Depreciation, depletion and amortizationLn 22$6K$5K$634$317
InsuranceLn 23$2K$2K$242$121
Other expenses (24a–d)Ln 24$16K$13K$2K$798
All other expensesLn 24e$9K$8K$936$468
Total functional expensesLn 25$152K$128K$16K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $235K$194K$41K$443K 990 PDF
FY2024Filed with the IRS Jan 22, 2025 $240K$172K$68K$402K 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $245K$152K$93K$333K 990 PDF
FY2022Filed with the IRS May 15, 2023 $232K$123K$108K$241K 990 PDF
FY2021Filed with the IRS Nov 3, 2021 $100K$114K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $244,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,981$44,800
I-9 Program service revenuePrior year $162,252$190,584
I-10 Investment incomePrior year $0$2,280
I-11 Other revenuePrior year $9,289$6,924
I-12 Total revenuePrior year $231,522$244,588
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $86,516$103,519
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,597$48,242
I-18 Total expensesPrior year $123,113$151,761
I-19 Revenue less expensesPrior year $108,409$92,827
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $244,588 across 7 lines filed
VIII-1e Government grants$40,800
VIII-1f All other contributions, gifts and grants$4,000
VIII-1h Total contributions, gifts and grants$44,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,584$190,584
VIII-3 Investment incomeRelated to mission $2,280$2,280
VIII-8 Net income from fundraising eventsExcluded from tax $6,924$6,924
VIII-12 Total revenueRelated to mission $192,864 · Unrelated business $0 · Excluded from tax $6,924$244,588
Part IX · Statement of functional expenses $151,761 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $81,739 · Management $9,614 · Fundraising $4,808$96,161
IX-10 Payroll taxesPrograms $5,518 · Management $1,104 · Fundraising $736$7,358
IX-11c Accounting feesPrograms $572 · Management $67 · Fundraising $19$658
IX-12 Advertising and promotionPrograms $71 · Management $6 · Fundraising $5$82
IX-13 Office expensesPrograms $1,519 · Management $179 · Fundraising $89$1,787
IX-14 Information technologyPrograms $830 · Management $98 · Fundraising $49$977
IX-16 OccupancyPrograms $9,049 · Management $1,065 · Fundraising $532$10,646
IX-19 Conferences, conventions and meetingsPrograms $237 · Management $28 · Fundraising $14$279
IX-22 Depreciation, depletion and amortizationPrograms $5,389 · Management $634 · Fundraising $317$6,340
IX-23 InsurancePrograms $2,058 · Management $242 · Fundraising $121$2,421
IX-24 Other expenses (24a–d)Programs $13,330 · Management $1,569 · Fundraising $798$15,697
IX-24e All other expensesPrograms $7,951 · Management $936 · Fundraising $468$9,355
IX-25 Total functional expensesPrograms $128,263 · Management $15,542 · Fundraising $7,956$151,761
Part X · Balance sheet $333,480 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $212,651$268,439
X-10c Land, buildings and equipment, netStart of year $14,597$51,636
X-15 Other assetsStart of year $13,405$13,405
X-16 Total assetsStart of year $240,653$333,480
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $240,653$333,480
X-32 Total net assets or fund balancesStart of year $240,653$333,480
X-33 Total liabilities and net assetsStart of year $240,653$333,480
Part XI · Reconciliation of net assets $333,480 net assets at year end
XI-1 Total revenue$244,588
XI-2 Total expenses$151,761
XI-3 Revenue less expenses$92,827
XI-4 Net assets at start of year$240,653
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$333,480

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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