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Magic Grants FY2024 filing

Tax-deductible

Denver, CO501(c)(3)Education EIN 82-5183590Revenue $131K in FY2024

On file with the IRSmagicgrants.org1500 N Grant St Ste R, 80203-1859 · Denver, COTax-exempt since Aug 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Expand education, scientific research, philanthropy, and community outreach in support of literacy in financial privacy as well as privacy infrastructure for the public good. IT additionally encourages research and education in cryptocurrency topics.

501(c)(3) charity; gifts are tax-deductible.
98¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $182K a year · 51% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$131K
-57% vs prior year
Spent
$125K
To programs
98%
Net assets
$263K
By yearFY2021–FY2025
Revenue
$131K
FY2024▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2021$18K
FY2022$112K
FY2023$304K
FY2024$131K
FY2025$875K
Expenses
$125K
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$34K
FY2023$172K
FY2024$125K
FY2025$363K
Net assets
$263K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$46K
FY2022$124K
FY2023$256K
FY2024$263K
FY2025$774K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $123K Management & general 2% · $2K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Justin Ehrenhofer
President, S
$0Pt VII · Sec A
John Murphy
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Magic Grants 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes financial privacy education, research, and cryptocurrency understanding for public benefit.

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Provided by the organization

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2 programs · $123K · in their own filed words · FY2023
01

Provided grants to individuals AND/OR organizations who performed research in the field of cryptocurrency AND/OR privacy.

$117Kprogram expense
02

After reviewing and selecting awardees studying various cryptocurrency- related disciplines in their undergraduate studies, paid academic scholarships to the awardees' respective institutions.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Vanguard Charitable Endowment ProgramFY2023$6K
Fidelity Investments Charitable Gift FundFY2023$6K
Total grants receivedfrom 2 funders$12K
Grants paid · 7 grants · $232K · 2023–2024
Veridise INCFY2024$95,800
Trail of Bits INCFY2024$80,000
Unitemized GrantFY2024$6,000
Unitemized GrantFY2024$2,400
Unitemized GrantFY2023$28,800
Cypher StackFY2023$13,000
Unitemized GrantFY2023$6,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$131K
Ln 12
Gifts and grantsLn 1h$121K
Investment incomeLn 3$10K
Money outPt IX
$125K
Ln 25
Programscol B$123K
Managementcol C$2K
Owns and owesPt X
$263K
net assets · Ln 32
Cash and savingsLn 1–2$254K
Total assetsLn 16$263K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Noncash giftsLn 1g$99K
Investment incomeLn 3$10K
Gains on assetsLn 7$2K
Total revenueLn 12$131K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$220K
Cash and savings togetherLn 1–2$254K
Other assetsLn 15$9K
Total assetsLn 16$263K
LiabilitiesLn 26$0
Net assetsLn 32$263K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJuly
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$213K$254K
Total assetsLn 16$256K$263K
LiabilitiesLn 26$0$0
Net assetsLn 32$256K$263K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Grants to domestic individualsLn 2$54K$54K
Grants and assistance to foreign recipientsLn 3$50K$50K
Legal feesLn 11b$337$337
Office expensesLn 13$24$24
Information technologyLn 14$2K$528$2K
Other expenses (24a–d)Ln 24$118$118
Total functional expensesLn 25$125K$123K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $875K$363K$511K$774K 990 PDF
FY2024 Viewing $131K$125K$6K$263K 990 PDF
FY2023 $304K$172K$132K$256K 990 PDF
FY2022 $112K$34K$78K$124K 990 PDF
FY2021 $18K$46K 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 F · Foreign M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $131,102 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $311,521$121,327
I-9 Program service revenue$0
I-10 Investment incomePrior year −$7,240$9,775
I-11 Other revenue$0
I-12 Total revenuePrior year $304,281$131,102
I-13 Grants and similar amounts paidPrior year $170,606$122,122
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,622$2,590
I-18 Total expensesPrior year $172,228$124,712
I-19 Revenue less expensesPrior year $132,053$6,390
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $131,102 across 6 lines filed
VIII-1f All other contributions, gifts and grants$121,327
VIII-1g Noncash contributions (included above)$98,824
VIII-1h Total contributions, gifts and grants$121,327
VIII-3 Investment incomeExcluded from tax $8,235$8,235
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,540$1,540
VIII-12 Total revenueExcluded from tax $9,775$131,102
Part IX · Statement of functional expenses $124,712 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $18,000$18,000
IX-2 Grants to domestic individualsPrograms $54,349$54,349
IX-3 Grants and assistance to foreign recipientsPrograms $49,773$49,773
IX-11b Legal feesManagement $337$337
IX-13 Office expensesManagement $24$24
IX-14 Information technologyPrograms $528 · Management $1,583$2,111
IX-24 Other expenses (24a–d)Management $118$118
IX-25 Total functional expensesPrograms $122,650 · Management $2,062 · Fundraising $0$124,712
Part X · Balance sheet $262,582 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,077$33,689
X-2 Savings and temporary cash investmentsStart of year $176,508$220,126
X-15 Other assetsStart of year $43,607$8,767
X-16 Total assetsStart of year $256,192$262,582
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $256,192$262,582
X-32 Total net assets or fund balancesStart of year $256,192$262,582
X-33 Total liabilities and net assetsStart of year $256,192$262,582
Part XI · Reconciliation of net assets $262,582 net assets at year end
XI-1 Total revenue$131,102
XI-2 Total expenses$124,712
XI-3 Revenue less expenses$6,390
XI-4 Net assets at start of year$256,192
XI-10 Net assets at end of year$262,582

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

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