Majic Foundation in Elyria, Ohio (OH)
Table of contents:
| Majic Foundation | |
| Employer Identification Number (EIN) | 611463513 |
| Name of Organization | Majic Foundation |
| In Care of Name | Brian R Frederick |
| Address | 9080 Leavitt Rd, Elyria, OH 44035-4210 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,444,885 |
| Amount of Income | $31,879 |
| Form 990 Revenue Amount | $31,879 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2011: $31,879 (it was $181,829 in 2010)
| Majic Foundation: | $31,879 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2011: $1,444,885 (it was $1,592,463 in 2010)
| This organization: | $1,444,885 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $114,964
| Majic Foundation: | $114,964 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $31,879 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $31,879 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $114,964 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $114,964 |
| Balance Sheet (for 2011) | |
| Total assets | $1,444,885 |
| Total liabilities | $35,243 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $35,243 |
| Total net assets or fund balances | $1,409,642 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The National City Corporation Charitable Foundation Ii | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1999-05 | $56,736,518 |
| 2 | Robert & Ita Klein Charitable Foundation | 200 Public Sq Ste 2500, Cleveland, OH 44114-2398 | OH | 2013-11 | $32,155,556 |
| 3 | The Ariel Foundation | 101 E Gambier St, Mount Vernon, OH 43050-3509 | OH | 2009-07 | $23,426,936 |
| 4 | Mathile Philanthropic Trust | 6450 Sand Lake Rd Ste 200, Dayton, OH 45414-2679 | OH | 2012-02 | $20,000,000 |
| 5 | Carl Jacobs Foundation | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2010-08 | $12,787,845 |
| 6 | Macbea Foundation | 52 E Gay St, Columbus, OH 43215-3108 | OH | 2010-12 | $8,462,892 |
| 7 | Wagler Foundation | 3700 Tabs Dr, Uniontown, OH 44685-9562 | OH | 2012-12 | $7,509,959 |
| 8 | Ylk Charitable Fund | 8000 Walton Pkwy Ste 100, New Albany, OH 43054-7075 | OH | 2009-01 | $6,611,462 |
| 9 | Abrams Family Foundation | 3710 State Route 133, Williamsburg, OH 45176-9798 | OH | 2012-02 | $6,585,400 |
| 10 | Harry T Wilks Family Foundation | 1763 Hamilton Cleves Rd, Hamilton, OH 45013-9601 | OH | 2010-10 | $4,625,900 |
| 11 | Walter And Olivia Kiebach Foundation | 8964 Little Mountain Ste 1000, Kirtland Hills, OH 44060-7946 | OH | 2008-11 | $3,474,313 |
| 12 | Stanard Family Foundation | 600 Superior Avenue East, Cleveland, OH 44114-2614 | OH | 2006-02 | $3,395,620 |
| 13 | Marian S Lawry Private Foundation | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 2011-01 | $3,296,301 |
| 14 | The@erwin & Katherine Geis Charitable Foundation | 10020 Aurora Hudson Rd, Streetsboro, OH 44241-1621 | OH | 2001-07 | $2,965,351 |
| 15 | Roe Green Foundation | 1301 E 9th St Ste 1900, Cleveland, OH 44114-1862 | OH | 1999-08 | $2,886,300 |
| 16 | The Char And Chuck Fowler Family Foundation | 5885 Landerbrook C/O Cornerstone, Mayfield Heights, OH 44124 | OH | 2003-11 | $2,785,534 |
| 17 | Warmenhoven Family Foundation | 7261 Engle Rd Ste 202, Cleveland, OH 44130-3479 | OH | 2007-09 | $2,640,853 |
| 18 | Jean Harry And Brenda Fuchs Family Foundation | 25550 Chagrin Blvd Ste 403, Beachwood, OH 44122-4640 | OH | 2013-03 | $2,584,030 |
| 19 | Richard And Alita Rogers Family Foundation | 538 Woodside Dr, Akron, OH 44303-1710 | OH | 2013-09 | $2,200,540 |
| 20 | The Puskar Family Foundation | 516 Old Harbor Ct, Dayton, OH 45458-2878 | OH | 2005-03 | $2,057,797 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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