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Compton Magic

Tax-deductible

Corona, CA501(c)(3)Human Services EIN 71-0948123Revenue $452K in FY2024

On file with the IRSPo Box 77906, 92877-0130 · Corona, CATax-exempt since Mar 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Youth team sports equipment transportation.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $23K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$452K
+47% vs prior year
Spent
$356K
To programs
89%
Net assets
$72K
By yearFY2020–FY2024
Revenue
$452K
FY2024▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$177K
FY2021$211K
FY2022$294K
FY2023$308K
FY2024$452K
Expenses
$356K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$149K
FY2021$225K
FY2022$292K
FY2023$304K
FY2024$356K
Net assets
$72K
FY2024▲ +534%
Tap a bar for its year
Net assets by fiscal year
FY2020$32K
FY2021$18K
FY2022−$20K
FY2023$11K
FY2024$72K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2008.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $316K Management & general 11% · $39K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rey Young
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Compton Magic executive salaries →

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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

Provides transportation for youth sports equipment to games and practices.

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Provided by the organization

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2 programs · $316K · in their own filed words · FY2024
01

Compton magic engages in maintaining and coaching youth basketball teams. Included under this umbrella are a multitude of practice sessions, basketball tournaments, and mentoring activities that occur year round.

$308Kprogram expense
02

Compton magic has partnered with the san bernardino city unified school district to conduct two youth enrichment programs: compton magic future stars camp and compton magic future stars travel ball program. The programs place an emphasis on academics, athletics, sportsmanship, respect, and character.

$8Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$452K
Ln 12
Gifts and grantsLn 1h$452K
Money outPt IX
$356K
Ln 25
Programscol B$316K
Managementcol C$39K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$92K
LiabilitiesLn 26$20K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$452K
Government grantsLn 1e$172K
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Total assetsLn 16$92K
LiabilitiesLn 26$20K
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$24K$92K
Total assetsLn 16$24K$92K
LiabilitiesLn 26$12K$20K
Net assetsLn 32$11K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$10K$7K$4K
Office expensesLn 13$24K$11K$13K
OccupancyLn 16$4K$4K$45
TravelLn 17$208K$208K
InterestLn 20$7K$7K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$46K$46K
Total functional expensesLn 25$356K$316K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $452K$356K$96K$72K 990 PDF
FY2023 $308K$304K$4K$11K 990 PDF
FY2022 $294K$292K$2K−$20K 990 PDF
FY2021 $211K$225K−$14K$18K 990 PDF
FY2020 $177K$149K$28K$32K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $452,074 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,541$452,074
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $307,541$452,074
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $303,502$355,622
I-18 Total expensesPrior year $303,502$355,622
I-19 Revenue less expensesPrior year $4,039$96,452
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $452,074 across 4 lines filed
VIII-1e Government grants$172,074
VIII-1f All other contributions, gifts and grants$280,000
VIII-1h Total contributions, gifts and grants$452,074
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$452,074
Part IX · Statement of functional expenses $355,622 across 10 lines filed
IX-11b Legal feesManagement $4,335$4,335
IX-11c Accounting feesManagement $2,150$2,150
IX-11g Other fees for servicesPrograms $41,090$41,090
IX-12 Advertising and promotionPrograms $6,665 · Management $3,538$10,203
IX-13 Office expensesPrograms $11,476 · Management $12,675$24,151
IX-16 OccupancyPrograms $3,500 · Management $45$3,545
IX-17 TravelPrograms $207,667$207,667
IX-20 InterestManagement $7,452$7,452
IX-23 InsuranceManagement $9,167$9,167
IX-24 Other expenses (24a–d)Programs $45,862$45,862
IX-25 Total functional expensesPrograms $316,260 · Management $39,362 · Fundraising $0$355,622
Part X · Balance sheet $92,462 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $23,534$92,462
X-16 Total assetsStart of year $23,534$92,462
X-17 Accounts payable and accrued expensesStart of year $12,122$20,113
X-26 Total liabilitiesStart of year $12,122$20,113
X-27 Net assets without donor restrictionsStart of year $11,412$72,349
X-32 Total net assets or fund balancesStart of year $11,412$72,349
X-33 Total liabilities and net assetsStart of year $23,534$92,462
Part XI · Reconciliation of net assets $72,349 net assets at year end
XI-1 Total revenue$452,074
XI-2 Total expenses$355,622
XI-3 Revenue less expenses$96,452
XI-4 Net assets at start of year$11,412
XI-8 Prior period adjustments−$35,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$72,349

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

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