Magic Sports

Tax-deductible

Round Rock, TX501(c)(3)Recreation & SportsEIN 30-0413742Revenue $217K in FY2024

On file with the IRSmagicvolleyballclub.com2913 Stonecreek Dr, 78681-2195 · Round Rock, TXTax-exempt since Jun 2010Publicly supported — 509(a)(2)

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Foster national and international amateur sports competition, and to conduct national and international competition in sports. Support and develop amateur athletes for the competition.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
-16% vs prior year
Spent
$259K
To programs
100%
Net assets
$173K
By yearFY2020–FY2024
Revenue
$217K
FY2024▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$255K
FY2021$329K
FY2022$266K
FY2023$259K
FY2024$217K
Expenses
$259K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$276K
FY2022$297K
FY2023$269K
FY2024$259K
Net assets
$173K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$203K
FY2021$255K
FY2022$225K
FY2023$215K
FY2024$173K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $259K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A

Madeline Kazmann’s $21K as Director is at the 37th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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

NameFY2023FY2022FY2021FY2020
Madeline Kazmann$21,000$21,000$21,000$21,000
Jordan Kazmann$15,000$15,000$15,000$15,000

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 15aNo

Programs and updates

Supports and develops amateur athletes, fostering national and international sports competition.

Questions for Magic Sports

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Provided by the organization

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1 program · $259K · in their own filed words · FY2024
01

Magic Sports provides training, coaching and support to female volleyball players in Round Rock, TX and the surrounding areas. The organization has seven teams with the players ranging in age from 11 to 17 years of age.

$259Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$217K
Ln 12
Fees for servicesLn 2g$217K
Money outPt IX
$259K
Ln 25
Programscol B$259K
Owns and owesPt X
$173K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$179K
LiabilitiesLn 26$7K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$217K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Total assetsLn 16$179K
LiabilitiesLn 26$7K
Net assetsLn 32$173K
OperationsPt I, VI
EmployeesI 52
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$118K$92K
Total assetsLn 16$218K$179K
LiabilitiesLn 26$4K$7K
Net assetsLn 32$215K$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$36K$36K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$3K$3K
Other fees for servicesLn 11g$50K$50K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
OccupancyLn 16$36K$36K
TravelLn 17$21K$21K
All other expensesLn 24e$91K$91K
Total functional expensesLn 25$259K$259K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $217K$259K−$42K$173K 990 PDF
FY2023 $259K$269K−$10K$215K 990 PDF
FY2022 $266K$297K−$30K$225K 990 PDF
FY2021 $329K$276K$53K$255K 990 PDF
FY2020 $255K$238K$17K$203K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $217,347 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $259,215$217,347
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $259,215$217,347
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $51,936$53,127
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $217,258$206,323
I-18 Total expensesPrior year $269,194$259,450
I-19 Revenue less expensesPrior year −$9,979−$42,103
Part VI · Governance 2 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $217,347 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,347$217,347
VIII-12 Total revenueRelated to mission $217,347 · Unrelated business $0 · Excluded from tax $0$217,347
Part IX · Statement of functional expenses $259,450 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,000$36,000
IX-9 Other employee benefitsPrograms $14,400$14,400
IX-10 Payroll taxesPrograms $2,727$2,727
IX-11g Other fees for servicesPrograms $49,832$49,832
IX-12 Advertising and promotionPrograms $1,671$1,671
IX-13 Office expensesPrograms $6,688$6,688
IX-16 OccupancyPrograms $35,979$35,979
IX-17 TravelPrograms $21,486$21,486
IX-24e All other expensesPrograms $90,667$90,667
IX-25 Total functional expensesPrograms $259,450 · Management $0 · Fundraising $0$259,450
Part X · Balance sheet $179,274 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $117,938$91,750
X-4 Accounts receivableStart of year $100,363$87,524
X-16 Total assetsStart of year $218,301$179,274
X-17 Accounts payable and accrued expensesStart of year $3,634$6,710
X-26 Total liabilitiesStart of year $3,634$6,710
X-32 Total net assets or fund balancesStart of year $214,667$172,564
X-33 Total liabilities and net assetsStart of year $218,301$179,274
Part XI · Reconciliation of net assets $172,564 net assets at year end
XI-1 Total revenue$217,347
XI-2 Total expenses$259,450
XI-3 Revenue less expenses−$42,103
XI-4 Net assets at start of year$214,667
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$172,564

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

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