Magik Children Theatre Inc The Magik Theatre, The Magic Theatre in San Antonio, Texas (TX)

Magik Children Theatre Inc The Magik Theatre, The Magic Theatre
Employer Identification Number (EIN)	742707895
Name of Organization	Magik Children Theatre Inc The Magik Theatre
Secondary Name	The Magic Theatre
Address	420 S Alamo St, San Antonio, TX 78205-3202
Activities	Described in section 170(b)1)(a)(vi) of the Code, Community theatrical group
Subsection	Educational Organization
Ruling Date	10/1995
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	09/2014
Assets	$100,000 to $499,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$371,938
Amount of Income	$1,785,163
Form 990 Revenue Amount	$1,785,163
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Theater

Non-representatives - add comments:

Amount of income in 2014: $1,785,163 (it was $1,654,531 in 2013)

This organization:	$1,785,163
Other organizations performing similar types of work:	$71,420

Assets in 2014: $371,938 (it was $499,445 in 2013)

This organization:	$371,938
Other organizations performing similar types of work:	$18,654

Expenses in 2013: $1,649,728

This organization:	$1,649,728
Other organizations performing similar types of work:	$69,900

Income to expenses ratio in 2013: 1.1

This organization:	1.1
Other organizations performing similar types of work:	1.0

Grants share in income in 2013: 27.2%

This organization:	27.2%
Other organizations performing similar types of work:	1.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	Yes	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		55	47
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		23	0
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$258,435	$291,083
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$32,677	$27,641
Total number of individuals who received more than $100,000 of reportable compensation from the organization	1	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$1,281,015	$1,742,013	$1,654,531
Contributions, Gifts, Grants and Other Similar Amounts	$350,284	$604,951	$450,523
Program Service Revenue	$906,366	$1,113,173	$1,176,615
0		$547,028	$588,761
0		$307,984	$318,397
0		$161,956	$155,485
0		$96,205	$113,972
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$101	$138	$115
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$10,895	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$13,369	$23,751	$27,278
0		$23,751	$9,885
0		$0	$17,393
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$1,286,218	$1,762,607	$1,649,728
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$179,944	$258,435	$291,083
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$346,827	$610,391	$595,812
Pension plan accruals and contributions		$0	$0
Other employee benefits		$144,509	$123,393
Payroll taxes	$40,104	$55,312	$54,874
Fees for services (non-employees)
Management		$0	$0
Legal		$2,755	$0
Accounting		$1,750	$3,500
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$0	$0
Advertising and promotion		$179,642	$87,371
Office expenses		$34,336	$14,034
Information technology		$13,576	$19,388
Royalties		$52,547	$39,037
Occupancy		$98,994	$97,232
Travel		$10,870	$8,492
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$7,598	$10,787
Interest		$1,306	$5,420
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$40,949	$53,349
Insurance		$23,765	$22,914
Other expenses		$64,579	$96,325
Other expenses		$61,537	$41,535
Other expenses		$63,895	$62,486
Other expenses		$35,861	$22,696

	2011	2012	2013
Balance Sheet
Total assets	$521,489	$534,714	$499,445
Cash - non-interest-bearing		$57,046	$50,531
Savings and temporary cash investments		$93,194	$100,723
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$57,430	$50,039
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$0	$0
Land, buildings, and equipment: cost or other basis		$327,044	$298,152
Investments - publicly traded securities		$0	$0
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$0	$0
Total liabilities	$63,712	$96,889	$80,473
Accounts payable and accrued expenses		$52,177	$49,753
Grants payable		$0	$0
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$20,312	$41,853	$26,262
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$2,859	$4,458
Total net assets or fund balances	$457,777	$437,825	$418,972
Unrestricted net assets		$458,422	$449,625
Temporarily restricted net assets		$-20,594	$-30,653
Permanently restricted net assets		$437,825	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
Public support	$7,767,398
Subtotal	$7,767,398
Gifts, grants, contributions, and membership fees received	$2,402,462
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$5,364,936
Gross receipts from activities that are not an unrelated trade or business under section 513	$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Less	$0
Amounts received from disqualified persons	$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support	$0
Total support	$7,914,456
Public support	$7,767,398
Subtotal	$513
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$513
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$0
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income	$146,545

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Theatre Advancement Production Society Inc	8204 Highway 100, Nashville, TN 37221-4051	TN	2010-01	$574,450
2	Yellow Tape Construction Co	6106 Glen Meadow Dr, Austin, TX 78745	TX	2006-11	$26,790
3	Alameda Theater	401 E Houston, San Antonio, TX 78205	TX	2010-08	$3,087,314
4	Theatre Action Project	2921 E 17th Street Bldg B Mailbox 7, Austin, TX 78702-1509	TX	2001-11	$2,071,641
5	Woodlawn Theatre Inc	20440 Cielo Vis Lot 4, San Antonio, TX 78255-2196	TX	2012-09	$744,008
6	Opera Theater San Antonio	220 Allen St, San Antonio, TX 78209-5111	TX	2011-01	$709,800
7	Christian Youth Theater Houston	6608 Fm 1960 Rd W Ste E, Houston, TX 77069-3910	TX	2008-10	$548,004
8	Uptown Players Inc	PO BOX 192264, Dallas, TX 75219-8516	TX	2007-09	$516,788
9	Texas Repertory Theatre Company Inc	14243 Stuebner Airline Road, Houston, TX 77069-3569	TX	2004-04	$429,363
10	Island Star Performances Inc	1 Hope Blvd, Galveston, TX 77554-8928	TX	2007-08	$397,607
11	Granbury Theatre Company Inc	PO BOX 182, Granbury, TX 76048-0182	TX	2012-04	$381,351
12	Rover Dramawerks	221 W Parker Rd Ste 580, Plano, TX 75023-6909	TX	2002-10	$302,509
13	Wellington Ritz Theatre Inc	PO BOX 202, Wellington, TX 79095-0202	TX	2008-04	$252,115
14	Texas Family Musicals Inc	PO BOX 351, Bedford, TX 76095-0351	TX	2008-09	$230,053
15	Refraction Arts Project	400 Bw Alpine Rd, Austin, TX 78704-7009	TX	1998-04	$222,794
16	African-American Repertory Theater, Aart	Po Box 608, Desoto, TX 75123	TX	2008-05	$162,802
17	Fogles Future Stars Inc	5503 Fm 359 Rd Ste D, Richmond, TX 77406-7835	TX	2012-09	$155,259
18	Farmers Branch Community Theatre Inc	2535 Valley View Ln, Farmers Brnch, TX 75234-6189	TX	2011-12	$154,250
19	Spectacular Senior Follies	1207 Rock Springs Rd, Duncanville, TX 75137	TX	2009-10	$149,237
20	Stark Naked Theatre Company	1126 W 17th St Unit C, Houston, TX 77008	TX	2011-09	$132,296

Number of organizations performing similar types of work

Alaska	10
Alabama	38
Arkansas	21
Arizona	76
California	767
Colorado	108
Connecticut	77
District of Columbia	34
Delaware	12
Florida	216
Georgia	125
Hawaii	16
Iowa	60
Idaho	20
Illinois	408
Indiana	74
Kansas	41
Kentucky	61
Louisiana	44
Massachusetts	181
Maryland	107
Maine	39
Michigan	129
Minnesota	130
Missouri	100
Mississippi	21

Montana	23
North Carolina	124
North Dakota	8
Nebraska	38
New Hampshire	42
New Jersey	140
New Mexico	34
Nevada	37
New York	754
Ohio	143
Oklahoma	34
Oregon	108
Pennsylvania	191
Rhode Island	25
South Carolina	42
South Dakota	13
Tennessee	78
Texas	290
Utah	38
Virginia	93
Vermont	23
Washington	129
Wisconsin	116
West Virginia	22
Wyoming	12
International	11

Total

5,483

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