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Tahoe Magic INC

Tax-deductible

S Lake Tahoe, CA501(c)(3)Since 1994Education EIN 94-3199111Revenue $173K in FY2025

On file with the IRStahoemagic.orgPo Box 13070, 96151-3070 · S Lake Tahoe, CATax-exempt since Jun 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Tahoe Magic is to provide one-time financial assistance to fragile families in crisis in the south shore of lake Tahoe.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $24K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Looks good: 36.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names 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
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
$173K
+73% vs prior year
Spent
$109K
To programs
99%
Net assets
$327K
By yearFY2020–FY2025
Revenue
$173K
FY2025▲ +73%
Tap a bar for its year
Revenue by fiscal year
FY2020$261K
FY2021$236K
FY2022$210K
FY2023$129K
FY2024$100K
FY2025$173K
Expenses
$109K
FY2025▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$249K
FY2022$160K
FY2023$101K
FY2024$87K
FY2025$109K
Net assets
$327K
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$186K
FY2021$173K
FY2022$223K
FY2023$251K
FY2024$264K
FY2025$327K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $108K Management & general 1% · $1K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Wendy David
Vice President
$0Pt VII · Sec A
Kathy Haven
Director
$0Pt VII · Sec A
Joann Tillson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Kerry David
Treasurer
$0Pt VII · Sec A
See Tahoe Magic INC 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

Helps families with living expenses and provides gifts and clothing for children.

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Provided by the organization

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3 programs · $108K · in their own filed words · FY2024
01

Tahoe magic provided financial assistance to local needy families in the south lake tahoe area for food, rent, clothing,utility expenses, and other living costs.

$99Kprogram expense
02

Provided auto and transportation assistance to needy families in the souuth lake tahoe area.

$7Kprogram expense
03

Provided financial assistance to local needy families and children for medical and dental needs.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
The Parasol Tahoe Community FoundationFY2025$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$173K
Ln 12
Gifts and grantsLn 1h$162K
Investment incomeLn 3$10K
Money outPt IX
$109K
Ln 25
Programscol B$108K
Managementcol C$1K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$327K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Investment incomeLn 3$10K
Total revenueLn 12$173K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$306K
Cash and savings togetherLn 1–2$327K
Total assetsLn 16$327K
LiabilitiesLn 26$0
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$264K$327K
Total assetsLn 16$264K$327K
LiabilitiesLn 26$0$0
Net assetsLn 32$264K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$375$375
Other expenses (24a–d)Ln 24$108K$108K$506
All other expensesLn 24e$468$468
Total functional expensesLn 25$109K$108K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $173K$109K$64K$327K 990 PDF
FY2024 $100K$87K$13K$264K 990 PDF
FY2023 $129K$101K$28K$251K 990 PDF
FY2022 $210K$160K$50K$223K 990 PDF
FY2021 $236K$249K−$13K$173K 990 PDF
FY2020 $261K$256K$5K$186K 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 FY2025 990 (6 parts)
Part I · Summary $172,584 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,910$162,401
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,794$10,183
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $99,704$172,584
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 $86,855$108,999
I-18 Total expensesPrior year $86,855$108,999
I-19 Revenue less expensesPrior year $12,849$63,585
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 $172,584 across 4 lines filed
VIII-1f All other contributions, gifts and grants$162,401
VIII-1h Total contributions, gifts and grants$162,401
VIII-3 Investment incomeExcluded from tax $10,183$10,183
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,183$172,584
Part IX · Statement of functional expenses $108,999 across 3 lines filed
IX-12 Advertising and promotionManagement $375$375
IX-24 Other expenses (24a–d)Programs $107,650 · Management $506$108,156
IX-24e All other expensesManagement $468$468
IX-25 Total functional expensesPrograms $107,650 · Management $1,349 · Fundraising $0$108,999
Part X · Balance sheet $327,405 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $66,589$21,715
X-2 Savings and temporary cash investmentsStart of year $197,231$305,690
X-16 Total assetsStart of year $263,820$327,405
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $263,820$327,405
X-32 Total net assets or fund balancesStart of year $263,820$327,405
X-33 Total liabilities and net assetsStart of year $263,820$327,405
Part XI · Reconciliation of net assets $327,405 net assets at year end
XI-1 Total revenue$172,584
XI-2 Total expenses$108,999
XI-3 Revenue less expenses$63,585
XI-4 Net assets at start of year$263,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$327,405

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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