Magic Foundation EIN 36-3673333

Magic Foundation FY2020 filing

EIN  36-3673333 Public charity (501(c)(3)) Warrenville, IL Founded 1989
Form 990 (PDF)
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Size
$1–10M
What they do
Supports children and families facing medical challenges impacting physical growth.
Leadership
Mary Andrews · CEO and Co-Founder · $114K
Money in and out
$919K revenue, $1.0M expenses
Bottom line
71% program efficiency

Supports children and families facing medical challenges impacting physical growth. For fiscal year 2020 it reported $919K in revenue, $1.0M in expenses, and $2.2M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$919K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$112K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.20 Fundraising $0.09
Program efficiency
71%
of spending reaches programs
Operating runway
11.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$919K
FY2020
Expenses
$1.0M
FY2020
Total assets
$2.4M
FY2020
Total liabilities
$138K
FY2020
Total revenue
$919K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$112K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $731K of program spending, described in the organization's own filed words · FY2020.
01

The Organization provides specific assistance to families of children with growth disorders. Magic Foundation provides information and education materials on growth disorders through a newsletter and website. An annual convention is held to provide further assistance and education.

$731Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMagic Foundation
EINHdr · item D36-3673333
Principal addressHdr · item CWarrenville, IL
WebsiteHdr · item Jwww.magicfoundation.org
Year of formationHdr · item L1989
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and Co-Founder
$113,622Pt VII · Sec A
Executive Director
$94,685Pt VII · Sec A
Co-Founder/Dir Tech Ed
$66,950Pt VII · Sec A
Co-Founder
$50,000Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dianne Kremidas$115,500$112,000$110,000$105,962$94,685$94,685
Mary Andrews$105,000$105,000$105,000$105,000$113,622$113,622
Jamie Harvey$57,500$57,000$57,000$66,950$66,950
Teresa Tucker$52,404$50,000$50,000

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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Statement of Revenue

Part VIII
Contributions & grants107%$982K
Total revenueLn 12$919K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.20 Fundraising $0.09
Program services71%$731K
Management & general20%$208K
Fundraising9%$91K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$993K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$138K
Total net assetsLn 32$2.2M
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $993K · Operating expenses/yr $1.0M
11.6 months
Where the money goes
Program services
Program services $731K · Total expenses $1.0M
71%
Management & General
Management & general $208K · Total expenses $1.0M
20%
Fundraising
Fundraising $91K · Total expenses $1.0M
9%
Cost to raise $1
Fundraising expense $91K · Solicited contributions $982K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $982K · Total revenue $919K
107%
Government reliance
Government grants — · Total revenue $919K
Earned-income share
Program service revenue $0 · Total revenue $919K
0%
Investment reliance
Investment income $-37K · Total revenue $919K
-4%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $919K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $919K · Expenses $1.0M
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.2M · Total assets $2.4M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mary Andrews · Reported title CEO and Co-Founder · Highest reported compensation $114K · Total expenses $1.0M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $499K · Total expenses $1.0M
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 20%
Fundraising cost ratio 9%
Investment management fee ratio 0%
Accounting fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

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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)$1.3M revenue · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$977K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$919K 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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