Magical Builders
- Assets
- $42.4k
- Revenue
- $360.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-1824726
Organization Overview
Magical Builders is located in Newport Beach, CA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magical Builders is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Magical Builders generated $360.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $345.6k during the year ending 12/2022. While expenses have increased by 28.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNIFYING PEOPLE AND TALENT TO ADVANCE THE WELL-BEING OF UNDERSERVED CHILDREN, INDIVIDUALS AND THEIR COMMUNITIES THROUGH VARIOUS INITIATIVES INCLUDING RENOVATION OF CHARITABLE FACILITIES SERVING YOUTH, VETERANS AND THOSE COPING WITH HUNGER, POVERTY, ABUSE, DISABILITY AND OTHER VULNERABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-ORDINATION OF A DAY OF SERVICE SPONSERED BY LA DODGERS, LA DODGERS FOUNDATION AND MAGICAL BUILDERS HELD AT JOHN MUIR HIGH SCHOOL. RENOVATIONS INCLUDED NEW EQUIPMENT IN THE WEIGHT ROOM AND LOCKERS IN MENS AND WOMENS LOCKER ROOM, NEW PAINT, SHELVING AND STORAGE IN THE ARTS DEPARTMENT, RENOVATION OF THE GARDEN AND SOFTBALL FIELD
CO-ORDINATION OF RENOVATION FOR TRANSITION HOUSING FOR VETERANS IN TWO LOCATIONS: TRANSITION HOUSE FOR VETERANS AND BALLINGTON PLAZA HOME FOR VETERANS. SPONSERED BY LA DODGERS AND MAGICAL BUILDERS AND SERVING THE HOMELESS POPULATION OF VETERANS IN DOWNTOWN LOS ANGELES IN THE HEART OF SKID ROW. LA HAS THE LARGEST CONCENTRATION OF HOMELESS VETERANS PER CAPITA AND WHY THE WORK HERE IS SO IMPORTANT. BOTH PROJECTS WERE PART OF THE MAJOR LEAGUE BASEBALL ALL STAR WEEK.
CO-ORDINATION OF RENOVATION FOR THE CASA TERESA FAMILY LIVING CENTER IN ORANGE, CALIFORNIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Frank President/board Member | OfficerTrustee | 20 | $0 |
Jon Frank Secretary/board Member | OfficerTrustee | 10 | $0 |
Margaret Cloud Board Member | Trustee | 0 | $0 |
Jonathan Mayo Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,435 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,814 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $855 |
| Total functional expenses | $345,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,449 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $42,449 |
| Total liabilities and net assets/fund balances | $42,449 |