BEVERLY HILLS, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAGIC JOHNSON FOUNDATION INC, founded in 1991, is a small nonprofit that reported $168K in total revenue in fiscal year 2019. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $524K exceeded revenue, resulting in a 211% operating deficit.
TO DEVELOP PROGRAMS AND SUPPORT COMMUNITY-BASED ORGANIZATIONS THAT ADDRESS THE EDUCATIONAL, HEALTH AND SOCIAL NEEDS OF ETHNICALLY DIVERSE, URBAN COMMUNITIES.
COMMUNITY EMPOWERMENT CENTERS (CECS):ESTABLISHED IN 2001 MAGIC JOHNSON FOUNDATION COMMUNITY EMPOWERMENT CENTERS (CECS) ARE THE BRICK AND MORTAR ASPECT OF PROGRAMMING FOR MJF. ORIGINALLY CREATED AS A...
COMMUNITY EMPOWERMENT CENTERS (CECS):ESTABLISHED IN 2001 MAGIC JOHNSON FOUNDATION COMMUNITY EMPOWERMENT CENTERS (CECS) ARE THE BRICK AND MORTAR ASPECT OF PROGRAMMING FOR MJF. ORIGINALLY CREATED AS A SOLUTION TO BRIDGING THE DIGITAL DIVIDE CECS NOW FUNCTION AS COMPREHENSIVE ONE STOP SERVICE CENTERS THAT ADDRESS THE EDUCATIONAL AND EMPOWERMENT NEEDS OF THE ENTIRE FAMILY. IN ADDITION TO TECHNOLOGY HARDWARE AND SOFTWARE, CECS ALSO PROVIDE ACCESS TO PROGRAMS THAT INCLUDE LITERACY (READING, FINANCIAL & HEALTH), ENTREPRENEURSHIP, WORKFORCE DEVELOPMENT AND MENTORING. MJF CURRENTLY HAS 11 FULLY EQUIPPED STATE OF THE ART TECHNOLOGY CENTERS (8 IN URBAN MARKETS AND 3 IN THE RURAL COMMUNITIES OF SOUTH CAROLINA. OUR CECS ARE MOVING FROM THE DEPENDENCIES OF PLACE-BASED PROGRAM AND ARE LEVERAGING WEB BASED PROGRAMS AND CONTENT TO MEET PEOPLE WHERE THEY ARE. MJF IS COMMITTED TO HARNESSING THE POWER OF TECHNOLOGY TO EDUCATE AND EMPOWER. TO DATE WE HAVE SERVED OVER 250,000 UNDUPLICATED USERS AND AWARDED OVER $6 MILLION DOLLARS IN HARDWARE AND SOFTWARE TO COMMUNITY-BASED ORGANIZATIONS.
TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP):THE TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP), FOUNDED IN 1998, IS APTLY NAMED AFTER TAYLOR MICHAELS, THE INSPIRING CHIEF OPERATING OFFICER FOR MAGIC...
TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP):THE TAYLOR MICHAELS SCHOLARSHIP PROGRAM (TMSP), FOUNDED IN 1998, IS APTLY NAMED AFTER TAYLOR MICHAELS, THE INSPIRING CHIEF OPERATING OFFICER FOR MAGIC JOHNSON ENTERPRISES WHO PASSED AWAY EARLIER THAT YEAR. THROUGHOUT HER LIFE, TAYLOR DISPLAYED AN INTENSE PASSION AND COMMITMENT TO YOUTH DEVELOPMENT. MJF TMSP PROVIDES MUCH MORE THAN A "CASH AND DASH" APPROACH. WE PRIDE OURSELVES ON A WRAPAROUND APPROACH THAT PROVIDES OUR SCHOLARS WITH SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL IN THEIR COLLEGE, PERSONAL AND PROFESSIONAL LIVES. OVER 525 MINORITY YOUTH HAVE BEEN SERVED AS PART OF TAYLOR'S LEGACY. MJF HAS PROVIDED OVER $3.8M IN TUITION AWARDS AND ADDITIONAL SUPPORT SERVICES THAT INCLUDE MENTORING, INTERNSHIPS AND LIFE SKILLS CONFERENCES AND EMPOWERMENT WEBINARS TO OUR SCHOLARS.
MJF SOCIAL EFFORTS:MJF SOCIAL EFFORTS ARE TO PROVIDE CHILDREN AND THEIR FAMILIES AN OPPORTUNITY TO EXPERIENCE LIFE BEYOND THEIR GEOGRAPHY AND FINANCIAL LIMITATIONS. SOCIAL EFFORTS ARE MJF'S RESPONSE...
MJF SOCIAL EFFORTS:MJF SOCIAL EFFORTS ARE TO PROVIDE CHILDREN AND THEIR FAMILIES AN OPPORTUNITY TO EXPERIENCE LIFE BEYOND THEIR GEOGRAPHY AND FINANCIAL LIMITATIONS. SOCIAL EFFORTS ARE MJF'S RESPONSE TO BE OUR "BROTHER'S KEEPER". THE ANNUAL HOLIDAY PARTY IS TO PROVIDE ASSISTANCE TO FAMILIES THAT ARE EXPERIENCING FINANCIAL, HEALTH OR OTHER CRISIS DURING THE HOLIDAY SEASON. MJF HAS ALSO ADDED HOLIDAY HOPE TO OUR ROSTER OF SOCIAL ACTIVITIES. HOSTED IN MICHIGAN, HOLIDAY HOPE DELIVERS MUCH NEEDED FOOD AND PERSONAL EFFECTS TO FAMILIES IN TIME FOR THE SEASON.IN ADDITION TO HOLIDAY PARTIES, MJF CONTINUES TO PROVIDE YOUTH ACCESS TO SPORTING EVENTS AND OUTINGS SUCH AS PROFESSIONAL BALL GAMES, AMUSEMENT PARKS AND CONCERTS. TO DATE OUR COMBINED SOCIAL EFFORTS HAVE IMPACTED OVER 60K DISADVANTAGED YOUTH AND SERVED OVER 11,000 FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $168,177 | $363,610 | -0.5% |
| Expenses | $523,741 | $463,752 | +0.1% |
| Net Income | $-355,564 | $-100,142 | +2.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAWANNA BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALESCIA BUFORD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN MONROE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DEBBIE PATTILLO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STAN WASHINGTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| EARVIN JOHNSON JR | FOUNDER/CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| EARLEATHA JOHNSON | VICE CHAIRPERSON/SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLIFTON JOHNSON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHANE JENKINS | VICE PRESIDENT | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $168,177 | $523,741 | No data | $-355,564 |
| 2018 | $363,610 | $463,752 | $355,908 | $-100,142 |
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