The mission of Open Heart Magic is to use the therapeutic power of magic and laughter to energize and strengthen seriously ill children in Chicago, IL, Ann Arbor, MI and Cleveland, OH area hospitals and aid their healing.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$151K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $68K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$151K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$299K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$974K
+11% vs prior year
Spent
$918K
To programs
69%
Net assets
$975K
By yearFY2020–FY2025
Revenue
$974K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$470K
FY2021$702K
FY2022$888K
FY2023$875K
FY2024$974K
FY2025$1.2M
Expenses
$918K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$504K
FY2021$517K
FY2022$807K
FY2023$865K
FY2024$918K
FY2025$1.1M
Net assets
$975K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$643K
FY2021$828K
FY2022$909K
FY2023$919K
FY2024$975K
FY2025$1.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 2004.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $637K Management & general 17% · $154K Fundraising 14% · $127K

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

26 people listed on the 990; $151K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and Executive Director
$150,750Pt VII · Sec A
Chair of the Executive Committee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michael Walton’s $159K as Founder and Executive Director is at the 98th percentile of top reported officer pay among 2167 $100K–1M human services 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Walton$158,788$150,750$140,000$120,000$96,000$74,091
Eric Steigerwald$105,360—————

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings therapeutic magic to strengthen sick children's spirits.

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Provided by the organization

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1 program · $637K · in their own filed words · FY2024
01

Open heart magic's long standing program provides therapeutic magic, one-on-one, at a patient's bedside to bring laughter and strength to sick kids facing serious medical conditions. Our hospital magicians work with young patients, using magic as a means to encourage participation, engage the imagination, and help these kids find their…

$637Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$21K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$974K
Ln 12
Gifts and grantsLn 1h$565K
Other incomeLn 4–11$300K
Fees for servicesLn 2g$92K
Money outPt IX
$918K
Ln 25
Programscol B$637K
Managementcol C$154K
Fundraisingcol D$127K
Owns and owesPt X
$975K
net assets · Ln 32
Cash and savingsLn 1–2$999K
Total assetsLn 16$1.3M
LiabilitiesLn 26$299K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$565K
Government grantsLn 1e$0
Noncash giftsLn 1g$21K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$92K
Investment incomeLn 3$16K
Other incomeLn 4–11$300K
Total revenueLn 12$974K
Assets in detailPt X, end of year
CashLn 1$454K
SavingsLn 2$545K
Cash and savings togetherLn 1–2$999K
Other assetsLn 15$166K
Total assetsLn 16$1.3M
LiabilitiesLn 26$299K
Net assetsLn 32$975K
OperationsPt I, VI
EmployeesI 55
VolunteersI 628
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$999K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$367K$299K
Net assetsLn 32$919K$975K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$151K$83K$45K$23K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$339K$309K$9K$21K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$80K$64K$9K$7K
Payroll taxesLn 10$43K$34K$5K$4K
Management feesLn 11a$63K$7K$36K$21K
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$212$0$212$0
Office expensesLn 13$75K$49K$5K$21K
Information technologyLn 14$33K$17K$15K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$2K$0$2K$0
TravelLn 17$16K$16K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$15K$10K$4K$81
InterestLn 20$15K$0$15K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$42K$42K$0$0
InsuranceLn 23$6K$3K$4K$0
Other expenses (24a–d)Ln 24$39K$3K$6K$30K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$918K$637K$154K$127K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.1M$110K$1.1M 990 PDF
FY2024 Viewing $974K$918K$56K$975K 990 PDF
FY2023 $875K$865K$10K$919K 990 PDF
FY2022 $888K$807K$81K$909K 990 PDF
FY2021 $702K$517K$185K$828K 990 PDF
FY2020 $470K$504K−$33K$643K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $973,631 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $499,246$565,466
I-9 Program service revenuePrior year $82,885$92,368
I-10 Investment incomePrior year $9,878$16,024
I-11 Other revenuePrior year $282,837$299,773
I-12 Total revenuePrior year $874,846$973,631
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 $573,012$612,782
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $291,710$305,108
I-18 Total expensesPrior year $864,722$917,890
I-19 Revenue less expensesPrior year $10,124$55,741
Part VI · Governance 25 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $973,631 across 13 lines filed
Lines not itemized here account for $872 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$565,466
VIII-1g Noncash contributions (included above)$20,736
VIII-1h Total contributions, gifts and grants$565,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,368 · Unrelated business $0 · Excluded from tax $0$92,368
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,024$16,024
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $298,901$298,901
VIII-12 Total revenueRelated to mission $93,240 · Unrelated business $0 · Excluded from tax $314,925$973,631
Part IX · Statement of functional expenses $917,890 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $82,913 · Management $45,225 · Fundraising $22,613$150,751
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $309,189 · Management $8,689 · Fundraising $21,498$339,376
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $64,122 · Management $8,817 · Fundraising $7,214$80,153
IX-10 Payroll taxesPrograms $34,002 · Management $4,675 · Fundraising $3,825$42,502
IX-11a Management feesPrograms $6,518 · Management $35,980 · Fundraising $20,750$63,248
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $212 · Fundraising $0$212
IX-13 Office expensesPrograms $49,359 · Management $4,595 · Fundraising $20,614$74,568
IX-14 Information technologyPrograms $17,322 · Management $15,387 · Fundraising $0$32,709
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $1,521 · Fundraising $0$1,521
IX-17 TravelPrograms $16,196 · Management $0 · Fundraising $0$16,196
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $10,086 · Management $4,465 · Fundraising $81$14,632
IX-20 InterestPrograms $0 · Management $14,522 · Fundraising $0$14,522
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $41,587 · Management $0 · Fundraising $0$41,587
IX-23 InsurancePrograms $2,682 · Management $3,780 · Fundraising $0$6,462
IX-24 Other expenses (24a–d)Programs $2,915 · Management $6,118 · Fundraising $30,418$39,451
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $636,891 · Management $153,986 · Fundraising $127,013$917,890
Part X · Balance sheet $1,273,937 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,059,109$453,547
X-2 Savings and temporary cash investmentsStart of year $0$544,990
X-3 Pledges and grants receivableStart of year $0$85,425
X-9 Prepaid expenses and deferred chargesStart of year $22,737$23,795
X-15 Other assetsStart of year $204,428$166,180
X-16 Total assetsStart of year $1,286,274$1,273,937
X-17 Accounts payable and accrued expensesStart of year $12,759$85,776
X-19 Deferred revenueStart of year $37,084$36,936
X-25 Other liabilitiesStart of year $317,459$176,512
X-26 Total liabilitiesStart of year $367,302$299,224
X-27 Net assets without donor restrictionsStart of year $918,972$971,113
X-28 Net assets with donor restrictionsStart of year $0$3,600
X-32 Total net assets or fund balancesStart of year $918,972$974,713
X-33 Total liabilities and net assetsStart of year $1,286,274$1,273,937
Part XI · Reconciliation of net assets $974,713 net assets at year end
XI-1 Total revenue$973,631
XI-2 Total expenses$917,890
XI-3 Revenue less expenses$55,741
XI-4 Net assets at start of year$918,972
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$974,713

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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