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Magic Charitable Foundation EIN 27-4375952

Magic Charitable Foundation

EIN  27-4375952 Private foundation / grantmaker Mettawa, IL
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Size
$100K–1M
What they do
A private foundation based in Mettawa, IL. It reported about $323K in revenue for 2025.
Leadership
Monica Nicholas · President
Money in and out
$323K revenue, $153K expenses
Bottom line
—

A private foundation based in Mettawa, IL. It reported about $323K in revenue for 2025. For fiscal year 2025 it reported $323K in revenue, $153K in expenses, and $1.2M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $171K
Total assets
1.2M
deployed as grants and operations
Grants paid
132K
in FY2025
Grants made
28grants
total in period
Payout rate
11%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 28 grants · $132K · 2025–2025
National Alliance on Mental IllnessFY2025$11,000
The Margo Fowler Family FoundationIL · FY2025$10,000
American Red CrossFY2025$10,000
The Conservation FundFY2025$9,000
St Jude Children's Research HospitaFY2025$8,000
Ann Robert H Lurie Children's HospiFY2025$7,000
YWCA Evanstonnorth ShoreFY2025$5,000
Project HealFY2025$5,000
Nourishing HopeIL · FY2025$5,000
Bravehearts Therapeutic Riding Ed CFY2025$5,000
St Francis De Sales Catholic SchoolFY2025$5,000
The Les Turner Als FoundationFY2025$4,500
Feed My Starving Children INCMN · FY2025$4,500
Doctors Without BordersFY2025$4,500
Alzheimer's AssociationFY2025$4,000
Neuroimmune FoundationFY2025$3,000
Megan Butz Legacy of HopeIL · FY2025$3,000
Chicago Cubs CharitiesIL · FY2025$3,000
See all 28 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV10
Average grantPart XV$5K
Median grantPart XV$4K
Largest grantPart XV$11K
Top cause focusNTEEInternational (7%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$323K
FY2025▲ +36%
Expenses
$153K
FY2025▲ +5%
Total assets
$1.2M
FY2025▲ +16%
Total liabilities
$0
FY2025
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMagic Charitable Foundation
EINHdr · item D27-4375952
Principal addressHdr · item CMettawa, IL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFJun 2013

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelly C Luby
Director
$0Pt VII · Sec A
See Magic Charitable Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$316K · 98%
Other revenue$7K · 2%
Investment income98%$316K
Other revenue2%$7K
Contributions & grants$15
Total revenueLn 12$323K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.86 Operating & administrative $0.14
Grants & contributions paid86%$132K
Operating & administrative14%$21K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $323K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $323K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $323K · Prior year $237K
+36%
Revenue CAGR
FY2020 $68K · FY2025 $323K
+37%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year $1.0M
+16%
Balance sheet
Surplus Margin
Revenue $323K · Expenses $153K
+53%
Liabilities-to-Assets
Total liabilities $0 · Total assets $1.2M
0%
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
People & payroll
Highest Reported Total Compensation
Individual Monica Nicholas · Reported title President · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
not reported
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.

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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
FY2025 (Latest)$323K revenue · viewing · ⤓ 990 PDF
FY2024$237K revenue · ⤓ 990 PDF
FY2023$201K revenue · ⤓ 990 PDF
FY2022$37K revenue · ⤓ 990 PDF
FY2021$185K revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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