Hocus Focus INC EIN 27-2504010

Hocus Focus INC

EIN  27-2504010 Public charity (501(c)(3)) Benton, AR
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Hocus Focus INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Educates the public about learning disabilities and alternative teaching methods for affected children.
Leadership
Kevin Spencer · President · $48K
Money in and out
$211K revenue, $212K expenses
Bottom line
100% program efficiency

Educates the public about learning disabilities and alternative teaching methods for affected children. For fiscal year 2024 it reported $211K in revenue, $212K in expenses, and $16K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$16K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$767
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate▲ ×10 vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$211K
FY2024▲ +9%
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$16K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$767
Total assetsPt X · Ln 16$30K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To promote public awareness of learning disabilities and alternative education mehods for children with learning disabilities to inprove the overall quality of education for learning disabled students.

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHocus Focus INC
EINHdr · item D27-2504010
Principal addressHdr · item CBenton, AR
WebsiteHdr · item Jwww.hocusfocuseducation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G83)
Ruling yearIRS BMFSep 2012

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$48,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kevin Spencer’s $48K as President is at the 33rd percentile of top reported officer pay among 900 $100K–1M diseases & disorders 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

NameFY2024FY2023FY2022FY2020
Kevin Spencer$48,000$41,000$16,300$18,068

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 Hocus Focus INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue100%$211K
Other revenue$356
Total revenueLn 12$211K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$212K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$30K
Total liabilitiesLn 26$15K
Total net assetsLn 32$16K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18K · Operating expenses/yr $212K
1.0 months
Where the money goes
Program services
Program services $212K · Total expenses $212K
100%
Management & General
Management & general $0 · Total expenses $212K
0%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $211K
0%
Government reliance
Government grants — · Total revenue $211K
Earned-income share
Program service revenue $211K · Total revenue $211K
100%
Investment reliance
Investment income $0 · Total revenue $211K
0%
Program self-sufficiency
Program service revenue $211K · Total expenses $212K
99%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $194K
+9%
Revenue CAGR
FY2020 $111K · FY2024 $211K
+18%
Net-asset trend (YoY)
End of year $16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $212K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $30K
Net-asset ratio
Net assets $16K · Total assets $30K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Spencer · Reported title President · Highest reported compensation $48K · Total expenses $212K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $67K · Total expenses $212K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 9%
Legal fee ratio 0%
Accounting fee ratio 1%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Hocus Focus INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$211K revenue · viewing · ⤓ 990 PDF
FY2023$194K revenue · ⤓ 990 PDF
FY2022$133K revenue · ⤓ 990 PDF
FY2021$95K revenue · ⤓ 990 PDF
FY2020$111K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.