Magic Box Productions INC EIN 20-2924921

Magic Box Productions INC

EIN  20-2924921 Public charity (501(c)(3)) New York, NY Founded 2005
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Size
$100K–1M
What they do
Teaches media skills to NYC students, bridging the digital divide with creative expression and technology access.
Leadership
Nelle Stokes · Executive Di · $95K
Money in and out
$779K revenue, $726K expenses
Bottom line
66% program efficiency

Teaches media skills to NYC students, bridging the digital divide with creative expression and technology access. For fiscal year 2024 it reported $779K in revenue, $726K in expenses, and $466K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$779K
Pt VIII · Ln 12
Total expenses
$726K
Pt IX · Ln 25
Net assets
$466K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.28 Fundraising $0.06
Program efficiency
66%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +301% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$779K
FY2024▲ +45%
Expenses
$726K
FY2024▲ +37%
Total assets
$473K
FY2024▲ +10%
Total liabilities
$8K
FY2024▼ -54%
Total revenue
$779K
Pt VIII · Ln 12
Total expenses
$726K
Pt IX · Ln 25
Net assets
$466K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$473K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $476K of program spending, described in the organization's own filed words · FY2024.
01

The program through its instructors and curriculum have strengthened the skills and confidence of students and teachers in utilizing technology to express themselves and explore the world through visual arts and media. The organization provides exemplary media workshops that helps students bridge the digital divide.

$476Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMagic Box Productions INC
EINHdr · item D20-2924921
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.magicboxproductions.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$95,231Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nelle Stokes’s $95K as Executive Di is at the 84th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024
Nelle Stokes$95,231$95,231

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.

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Statement of Revenue

Part VIII
Program service revenue$467K · 60%
Contributions & grants$306K · 39%
Investment income$7K · 1%
Program service revenue60%$467K
Contributions & grants39%$306K
Investment income1%$7K
— government grantsLn 1e$205K
Total revenueLn 12$779K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.28 Fundraising $0.06
Program services66%$476K
Management & general28%$203K
Fundraising6%$46K
Total functional expensesLn 25$726K

Balance Sheet

Part X · end of year
CashLn 1$328K
Total assetsLn 16$473K
Total liabilitiesLn 26$8K
Total net assetsLn 32$466K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $328K · Operating expenses/yr $726K
5.4 months
Where the money goes
Program services
Program services $476K · Total expenses $726K
66%
Management & General
Management & general $203K · Total expenses $726K
28%
Fundraising
Fundraising $46K · Total expenses $726K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $40K · Solicited contributions (2-yr avg) $76K
$0.52 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $306K · Total revenue $779K
39%
Government reliance
Government grants $205K · Total revenue $779K
26%
Earned-income share
Program service revenue $467K · Total revenue $779K
60%
Investment reliance
Investment income $7K · Total revenue $779K
+1%
Program self-sufficiency
Program service revenue $467K · Total expenses $726K
64%
Growth & trend
Revenue growth (YoY)
This year $779K · Prior year $537K
+45%
Revenue CAGR
FY2019 $479K · FY2024 $779K
+10%
Net-asset trend (YoY)
End of year $466K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $779K · Expenses $726K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $473K
Net-asset ratio
Net assets $466K · Total assets $473K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $473K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nelle Stokes · Reported title EXECUTIVE DI · Highest reported compensation $95K · Total expenses $726K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $397K · Total expenses $726K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 28%
Fundraising cost ratio 15%
Revenue growth 45%

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$7K
See all 3 funders →

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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$537K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$502K revenue · ⤓ 990 PDF
FY2021$365K revenue · ⤓ 990 PDF
FY2020$479K 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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