Magical Builders EIN 20-1824726

Magical Builders

EIN  20-1824726 Public foundation / grantmaker Newport Beach, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Renovates facilities to improve well-being for underserved children and communities.
Leadership
Christine Frank · President/Board Member
Money in and out
$179K revenue
Bottom line
1.4mo operating runway

Renovates facilities to improve well-being for underserved children and communities. For fiscal year 2024 it reported $179K in revenue, in expenses, and $20K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +107% vs prior filing year
Revenue trend
+26%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990-EZ
Revenue
$179K
FY2024▲ +36%
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $219K of program spending, described in the organization's own filed words · FY2022.
01

Co-ordination of renovation for transition housing for veterans in two locations: transition house for veterans and ballington plaza home for veterans. Sponsered by la dodgers and magical builders and serving the homeless population of veterans in downtown los angeles in the heart of skid row.

$102Kprogram expense
02

Co-ordination of renovation for the casa teresa family living center in orange, california

$60Kprogram expense
03

Co-ordination of a day of service sponsered by la dodgers, la dodgers foundation and magical builders held at john muir high school. Renovations included new equipment in the weight room and lockers in mens and womens locker room, new paint, shelving and storage in the arts department, renovation of the garden and softball field

$57Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMagical Builders
EINHdr · item D20-1824726
Principal addressHdr · item CNewport Beach, CA
WebsiteHdr · item Jwww.magicalbuilders.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$179K
Total revenueLn 12$179K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26$0
Total net assetsLn 32$20K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $177K
1.4 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $179K · Total revenue $179K
100%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $179K
Investment reliance
Investment income — · Total revenue $179K
Program self-sufficiency
Program service revenue — · Total expenses $177K
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $179K · Prior year $132K
+36%
Revenue CAGR
FY2020 $72K · FY2024 $179K
+26%
Net-asset trend (YoY)
End of year $20K · Beginning of year $18K
+14%
Balance sheet
Surplus Margin
Revenue $179K · Expenses $177K
+1%
Liabilities-to-Assets
Total liabilities $0 · Total assets $20K
0%
Net-asset ratio
Net assets $20K · Total assets $20K
100%
People & payroll
Highest Reported Total Compensation
Individual Christine Frank · Reported title PRESIDENT/BOARD MEMBER · Highest reported compensation $0 · Total expenses $177K
0%
Personnel share
Salaries & benefits — · Total expenses $177K
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 36%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$110K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$179K revenue · viewing · ⤓ 990 PDF
FY2023$132K revenue · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$153K revenue · ⤓ 990 PDF
FY2020$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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