Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $10K paid to officers and key staff.
Debra Rose Lenik’s $82K as Executive Director is at the 19th percentile of top reported officer pay among 3924 $1–10M arts & culture 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
| Name | FY2024 | FY2022 | FY2021 |
|---|---|---|---|
| Debra Rose Lenik | $81,807 | $10,000 | $64,297 |
| Paul Birtel | — | — | $48,560 |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates and promotes appreciation for video game music, art, and history.
Questions for Magfest INC
Your first name shows with your question. Magfest INC answers here, for everyone.
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The music and gaming festival is magfest inc's flagship event, occurring annually each winter. Magfest's library of historic gaming content contains console, arcade, and non-electronic exhibits dating from 1971 to the present. The magfest event gives its attendees the opportunity to experience gaming history.
Magfest, inc holds small events in various U.S. Cities to promote the magfest brand, and to also bring our mission content to people who cannot normally travel to our flagship winter event.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $1.8M |
| Land, buildings, equipmentLn 10c | $3K | $2K |
| Total assetsLn 16 | $2.1M | $1.9M |
| LiabilitiesLn 26 | $717 | $655 |
| Net assetsLn 32 | $2.1M | $1.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $10K | $10K | ||
| Other salaries and wagesLn 7 | $61K | $54K | $8K | |
| Other employee benefitsLn 9 | $18K | $18K | ||
| Payroll taxesLn 10 | $8K | $8K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Other fees for servicesLn 11g | $105K | $105K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $4K | $4K | ||
| OccupancyLn 16 | $5K | $5K | ||
| TravelLn 17 | $15K | $15K | ||
| Conferences, conventions and meetingsLn 19 | $86K | $86K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $122 | $1K | |
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $25K | $25K | ||
| Total functional expensesLn 25 | $348K | $338K | $10K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $3.1M | $2.6M | $467K | $3.0M | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 Viewing | $133K | $348K | −$215K | $1.9M | 990 PDF |
| FY2021 | $393K | $896K | −$503K | $365K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $133,153 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, no flags
Part VIII · Statement of revenue $133,153 across 2 lines filed
Part IX · Statement of functional expenses $347,684 across 14 lines filed
Part X · Balance sheet $1,861,525 assets, 8 lines filed
Part XI · Reconciliation of net assets $1,860,870 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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