Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990; $25K paid to officers and key staff.
Lupita Knittel’s $136K as President, Board Member is at the 97th percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Lupita Knittel | $136,023 | — |
| Matt Smith | $86,545 | — |
| Jeff Waller | $44,632 | $25,000 |
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.
See Magic Wand Foundation INC executive salaries →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 15aNo
Programs and updates
Empowers young people worldwide with mindset education for extraordinary lives and positive global impact.
Questions for Magic Wand Foundation INC
Your first name shows with your question. Magic Wand Foundation INC answers here, for everyone.
Positive influence on young people across the world by focusing on the goal of youth empowerment through scholarships to students and educators across the world.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $44K | $150K |
| Total assetsLn 16 | $44K | $183K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $44K | $183K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $151K | $31K | $121K | |
| Payroll taxesLn 10 | $10K | $10K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $738 | $738 | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $24K | $18K | $6K | |
| TravelLn 17 | $16K | $16K | ||
| Conferences, conventions and meetingsLn 19 | $108K | $108K | ||
| InsuranceLn 23 | $2K | $618 | $1K | |
| Other expenses (24a–d)Ln 24 | $121K | $117K | $4K | |
| Total functional expensesLn 25 | $441K | $293K | $147K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 15, 2025 | $914K | $777K | $137K | $320K | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 22, 2024 | $579K | $441K | $139K | $183K | 990 PDF |
| FY2022Filed with the IRS Nov 8, 2023 | $0 | $44K | 990 PDF | ||
| FY2021Filed with the IRS Nov 16, 2022 | $44K | $4K | $40K | $47K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $579,245 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $579,245 across 4 lines filed
Part IX · Statement of functional expenses $440,730 across 11 lines filed
Part X · Balance sheet $182,946 assets, 9 lines filed
Part XI · Reconciliation of net assets $182,946 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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