Magic Fund INC EIN 83-0695255

Magic Fund INC

EIN  83-0695255 Public charity (501(c)(3)) Nevada City, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Rescues and supports Indigenous people and cultures in the Colombian Amazon for sustainable progress.
Leadership
Mariah Steiger · President
Money in and out
$268K revenue, $229K expenses
Bottom line
82% program efficiency

Rescues and supports Indigenous people and cultures in the Colombian Amazon for sustainable progress. For fiscal year 2024 it reported $268K in revenue, $229K in expenses, and $221K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate▼ -54% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▼ -76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$268K
FY2024▲ +27%
Expenses
$229K
FY2024▲ +169%
Total assets
$221K
FY2024▲ +21%
Total liabilities
$333
FY20240%
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$221K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $188K of program spending, described in the organization's own filed words · FY2024.
01

The specific purpose of this corporation is to work toward the recue and sustainable progress of the indigenous people and cultures of the colombian amazon. This is intended to be achieved through direct community actions including but not limited to providing health services, language schools, progressive community development and other…

$188Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMagic Fund INC
EINHdr · item D83-0695255
Principal addressHdr · item CNevada City, CA
WebsiteHdr · item Jmagicfundamazon.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P01)
Ruling yearIRS BMFDec 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$268K
Total revenueLn 12$268K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$188K
Management & general18%$42K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$213K
Total assetsLn 16$221K
Total liabilitiesLn 26$333
Total net assetsLn 32$221K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $213K · Operating expenses/yr $229K
11.1 months
Where the money goes
Program services
Program services $188K · Total expenses $229K
82%
Management & General
Management & general $42K · Total expenses $229K
18%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $240K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $268K · Total revenue $268K
100%
Government reliance
Government grants — · Total revenue $268K
Earned-income share
Program service revenue $0 · Total revenue $268K
0%
Investment reliance
Investment income $0 · Total revenue $268K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $268K · Prior year $211K
+27%
Net-asset trend (YoY)
End of year $221K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $268K · Expenses $229K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $221K
Net-asset ratio
Net assets $221K · Total assets $221K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $221K
0%
People & payroll
Highest Reported Total Compensation
Individual Mariah Steiger · Reported title President · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3K · Total expenses $229K
1%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth 27%
Investment management fee ratio 0%
Legal fee ratio 9%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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.

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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
FY2024 (Latest)$268K revenue · viewing · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$86K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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