MAGIC INCORPORATED

EIN: 942638200 501(c)(3) Environment

Stanford, CA

Total Revenue
$707,641
Total Expenses
$323,148
Total Assets
$5,632,397
Net Assets
$5,129,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
David Schrom
Phone
6503237333
Tax Period
2023-01-01 to 2023-12-31

MAGIC INCORPORATED, founded in 1979, is a small nonprofit in the Environment sector that reported $708K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $384K, a strong 54% operating margin.

Mission

Further common interests of humankind by sustaining a residential service learning community to research and teach how people may apply human ecology to discern value more accurately and realize it more fully.

Program Service Accomplishments

Program 1
Expenses: $142,898 Revenue: $143,945

Valuescience - offered weekly valuescience seminars attended by 2-30 participants; tested campaign to increase scientist identity and sciencing competence with ~200 people; presented "Science...

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Valuescience - offered weekly valuescience seminars attended by 2-30 participants; tested campaign to increase scientist identity and sciencing competence with ~200 people; presented "Science, Delusion, and Existential Risk," at 2023 Stanford Existential Risks Conference; presented "Building Distributed, Resilient Public Health Infrastructure" to Stanford Epidemiology Department. Residential Service Learning Community: in Palo Alto, guided 25 residents from 9 foreign countries and 9 US states; hosted for 150 overnight stays for visitors interested in valuescience-based community; organized quarterly outings to local open space for residents; taught weekly hatha yoga classes; hosted 500 guests for Food for Thought dinners; in Mammoth Lakes, guided 8 residents from 2 foreign countries and 2 US states. Silicon Valley Barcode of Life: published Biodiversity in the Mono Basin; joined with ~150 scientific partners in the Global Malaise Program (collected on the San Mateo Coast and near Skyline Boulevard, and completed summer collections near June Lake); hand-collected, documented and DNA sequenced ~100 unique arthropod specimens; presented to Los Angeles area students and teachers through Mono Lake Committee Outdoor Education Program; made greeting cards promoting biodiversity with original photography; won merit grant from California Institute for Biodiversity.

Program 2
Expenses: $118,064 Revenue: $95,764

Cooperation and Individual Well-Being - Reduce Waste. Feed People.: collected and processed 17 tons of surplus from 24 farmers' market vendors and local grocery; delivered acceptable items to local...

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Cooperation and Individual Well-Being - Reduce Waste. Feed People.: collected and processed 17 tons of surplus from 24 farmers' market vendors and local grocery; delivered acceptable items to local charities' food closet, hot meal, and nutrition education programs. Liveable City: organized neighborhood block party attended by 150; hosted neighborhood picnic attended by 40; submitted testimony to federal, state, and local agencies advocating an ecological approach to public policy; organized trail-building day in local nature preserve; conducted "Get Out the Vote" campaigns. Movement Magic: offered 100+ hours of coaching in yoga, weight training, swimming, running, and indoor rowing. Creating Loving Community: provided 100 hours of consultation to community seekers; hosted a Thanksgiving celebration for 26 guests; co-organized three valuescience learning events with Montaia Community in the Eastern Sierra; introduced 200 new people to Magic Palo Alto through permaculture work days and presentations; received a $3,000 California Climate Action Grant for this work. Escondido Outings Club: served as fiscal fiduciary for the Escondido Outings Club, which organized river rafting, camping, backpacking, and skiing trips for local youths and families.

Program 3
Expenses: $35,724 Revenue: $56,100

Environmental Stewardship - Planting for the Second Hundred Years: supervised 100 volunteers in more than 1,000 hours of oak habitat stewardship fieldwork; transplanted 30 oaks into nearby open space...

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Environmental Stewardship - Planting for the Second Hundred Years: supervised 100 volunteers in more than 1,000 hours of oak habitat stewardship fieldwork; transplanted 30 oaks into nearby open space used by 600,000 visitors annually; and irrigated 200 and maintained 2,000 oaks previously planted on Stanford land. Volunteers included groups from HandsOn Bay Area, UPS, Stanford Alumni Association, and Stanford Medicine Communications. Monkeyflower Microbiome Research: partnered with Stanford Biology Department to return a native species, sticky monkeyflower (Diplacus aurantiacus), to a local ecosystem in support of Professor Tadashi Fukami's nectar microbiome research and his curriculum improvements to allow undergraduate students to engage authentically in pioneering field research; engaged 100+ volunteers; supervised 400+ volunteer hours; maintained 512 plants at sixteen sites in the Stanford Academic Reserve; replaced 10 failed plants; transplanted and nurtured more than 200+ additional plants in Magic's on-site nursery to allow replacement of those that failed in the field in the future; hosted Professor Fukami at Magic for presentation of his research.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $316,209
Program Service Revenue $295,809
Investment Income $95,623
Other Revenue $0
TOTAL REVENUE $707,641

Expense Breakdown

Grants Paid $58,523
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $296,686
Other Expenses $264,625
TOTAL EXPENSES $323,148

Year-over-Year Comparison

2023 2022 Change
Revenue $707,641 $466,255 +0.5%
Expenses $323,148 $336,265 0.0%
Net Income $384,493 $129,990 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$26,300
Total Directors
5
$26,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Schrom Director, Secretary/Treasurer 40
Officer Director
$0 $20,000 $20,000
Robin Bayer Director, President 20
Officer Director
$0 $6,300 $6,300
Santiago Escruceria Director 1
Director
$0 $0 $0
Dinesh Dutt Director 2
Director
$0 $0 $0
Bradley Zlotnick Director 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $707,641 $323,148 $5,632,397 $384,493
2022 $466,255 $336,265 $5,097,461 $129,990
2021 $438,038 $313,525 $5,599,503 $124,513
2020 $440,677 $272,332 $5,220,563 $168,345
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