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Magic Charitable Foundation EIN 27-4375952

Magic Charitable Foundation FY2020 filing

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A private foundation based in Mettawa, IL. It reported about $68K in revenue for 2020. For fiscal year 2020 it reported $68K in revenue, $113K in expenses, and $939K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Mettawa, IL
Filings
6 on file (2020–2020)
Revenue
$68KFY2020
Expenses
$113K
Net assets
$939K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-4375952 Private foundation / grantmaker Mettawa, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Mettawa, IL. It reported about $68K in revenue for 2020.
Money in and out
$68K revenue, $113K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$939K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Total assets
939K
deployed as grants and operations
Grants paid
100K
in FY2020
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 2020 · Form 990-PF
Revenue
$68K
FY2020
Expenses
$113K
FY2020
Total assets
$939K
FY2020
Total liabilities
$0
FY2020
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$939K
Pt X · Ln 32
Total assetsPt II$939K

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
Officers, directors & key employeesPt VII · Sec ANot reported
See Magic Charitable Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$64K · 94%
Other revenue$4K · 6%
Investment income94%$64K
Other revenue6%$4K
Total revenueLn 12$68K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.89 Operating & administrative $0.11
Grants & contributions paid89%$100K
Operating & administrative11%$13K
Total functional expensesLn 25$113K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$939K
Total liabilitiesLn 26$0
Total net assetsLn 32$939K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $939K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $68K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $68K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $68K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $939K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $68K · Expenses $113K
-66%
Liabilities-to-Assets
Total liabilities — · Total assets $939K
—
Net-asset ratio
Net assets $939K · Total assets $939K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $113K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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