Compton Magic
- Assets
- $23.5k
- Revenue
- $307.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Corona, CA
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 71-0948123
Organization Overview
Compton Magic is located in Corona, CA. The organization was established in 2008. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compton Magic 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 12/2023, Compton Magic generated $307.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $303.5k during the year ending 12/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SERVE THE COMMUNITY THROUGH SUPPORTING YOUTH EDUCATION BY DEVELOPING AND MAINTAINING A YOUTH AND AMATEUR BASKETBALL PROGRAM DESIGNED TO ASSIST IN OBTAINING UNIVERSITY ATHLETIC SCHOLARSHIPS. THE ORGANIZATION ALSO ENGAGES IN OTHER COMMUNITY OUTREACH INITIATIVES THROUGH THE CONTINUED MENTORING AND INVOLVEMENT OF ITS PROGRAM ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. THIS PROGRAM ACCOUNTS FOR ROUGHLY 80% OF THE TIME AND APPROXIMATELY 90% OF THE FINANCIAL RESOURCES OF THE ORGANIZATION. SOME TOURNAMENTS ARE "VIEWING," MEANING DIVISION 1 COLLEGE COACHES CAN ATTEND AND WATCH STUDENT ATHLETES FOR THE PURPOSE OF EXTENDING SCHOLARSHIP OFFERS. DIVISION 2, DIVISION 3 AND NAIA CAN ATTEND ALL TOURNAMENTS AND PRACTICES FOR THE SAME PURPOSE. THERE IS A GREATER EMPHASIS ON VIEWING PERIODS WHICH HAPPEN 2 TIMES IN APRIL AND 2 TIMES IN JULY. FOR ALL EVENTS, TOURNAMENTS, AND PRACTICES, COMPTON MAGIC PROVIDES FOR 100% OF THE COSTS ASSOCIATED WITH TRAVEL, EQUIPMENT, AND RENTAL OF SPACE.
OTHER COMMUNITY OUTREACH EFFORTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Etop Udo-Ema CEO | Officer | $0 | |
Araceli Udo-Ema Secretary | Officer | $0 | |
Isaac Udo-Ema CFO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,541 |
| 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 | $307,541 |
| 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 | $4,700 |
| Fees for services: Legal | $2,016 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,723 |
| Advertising and promotion | $1,000 |
| Office expenses | $27,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,036 |
| Interest | $7,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,110 |
| All other expenses | $13,296 |
| Total functional expenses | $303,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,534 |
| 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 | $23,534 |
| Accounts payable and accrued expenses | $12,122 |
| 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 | $12,122 |
| 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 | $11,412 |
| Total liabilities and net assets/fund balances | $23,534 |