Nonprofit · EIN 27-0207636
MAGIS THEATRE COMPANY INC
Tax-exempt · BROOKLYN, NY 11215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $45,472 | $33,248 | $12,224 | $14,571 | $25,000 | -$10,429 |
| December 31, 2023 | 990-EZ | $56,639 | $81,374 | -$24,735 | $2,347 | $25,000 | -$22,653 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $45,472
Expenses
- Compensation of officers, directors and key employees
- $24,000
- Salaries, compensation and benefits (total)
- $24,000
- Other expenses
- $9,248
- Program services (functional)
- $8,248
Balance sheet and other
- Total assets, start of year
- $2,347
- Total assets, end of year
- $14,571
- Total liabilities, end of year
- $25,000
- Net assets, end of year
- -$10,429
- Cash, savings and investments
- $14,571
- Gross receipts
- $45,472
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BREEN | MANAGING DIRECTOR | 8 | $24,000 |
| MARGARET SHARP-DOUGLAS | PRODUCING DIRECTOR | 12 | $0 |
| GEORGE DRANCE | ARTISTIC DIRECTOR | 12 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BREEN | MANAGING DIR | 8 | $16,000 |
| MARGARET SHARP-DOUGLAS | PRODUCING DI | 12 | $0 |
| GEORGE DRANCE | ARTISTIC DIR | 12 | $0 |
Address and contacts
- Address (IRS master file)
- 306 11TH ST, BROOKLYN, NY 11215-3911
- In care of
- % MARGARET SHARP-DOUGLAS
- Mailing address (990-N for 2014)
- 306 11TH STREET, BROOKLYN NY 11215
- Principal officer (990-N for 2014)
- MARGARET SHARP-DOUGLAS, 306 11TH STREET, BROOKLYN NY 11215
- Signed the 990-EZ
- MARGARET SHARP-DOUGLAS, PRODUCING DIRECTOR
- Phone
- (212) 592-0217
- Website
- WWW.MAGISTHEATRE.ORG
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
MAGIS THEATRE COMPANY PROVIDES EDUCATION AND TRAINING FOR THEATRE AND DRAMA STUDENTS AS WELL AS DEVELOPMENT AND PERFORMANCE OPPORTUNITIES FOR TEACHERS AND THEATRE PROFESSIONALS THROUGH ITS PRODUCTIONS OF DRAMATIC WORKS. THESE PRODUCTIONS, BOTH WORKSHOPS AND FULLY REALIZED SHOWS, ARE MADE AVAILABLE TO THE COMMUNITY AT A LOWER COST THAN WOULD OTHERWISE BE POSSIBLE, WERE SUCH PERFORMANCES PRODUCED ON A FOR-PROFIT BASIS. THIS FULFILLS OUR GOAL OF ALLOWING A BROADER AUDIENCE TO WITNESS AND EXPLORE WORKS OF LITERATURE AND THEATRICAL TECHNIQUES OF THE PAST NOT NORMALLY SEEN ON THE COMMERCIAL STAGE. WE DO WORKSHOPS AND PERFORMANCES WITH THE UNDERSERVED POPULATIONS SUCH AS THE INCARCERATED AND AT RISK YOUTH.
Program accomplishments
- MAGIS DELIVERED WORKSHOPS AT OTISVILLE FEDERAL PENITENTIARY, AND ST IGNATIUS SCHOOL (SIS-NATIVITY SCHOOL) AND PS 217 ON ROOSEVELT ISLAND. MAGIS ALSO TOURED *MARK A LIVE RETELLING OF THE GOSPEL OF MARK PERFORMED BY MAGIS ARTISTIC DIRECTOR GEORGE DRANCE TO BOSTON COLLEGEExpenses $8,248
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-0207636
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $14,571
- Income (IRS master file)
- $45,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $45,472 | $33,248 | $14,571 | XML |
| 990-EZ | December 2023 | $56,639 | $81,374 | $2,347 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: MARGARET SHARP-DOUGLAS | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0207636).
Questions about MAGIS THEATRE COMPANY INC
- What is the EIN of MAGIS THEATRE COMPANY INC?
- The employer identification number (EIN) of MAGIS THEATRE COMPANY INC is 27-0207636.
- Is MAGIS THEATRE COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MAGIS THEATRE COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGIS THEATRE COMPANY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MAGIS THEATRE COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGIS THEATRE COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of MAGIS THEATRE COMPANY INC?
- The 990-N for 2014 names MARGARET SHARP-DOUGLAS.
- Who are the officers and directors of MAGIS THEATRE COMPANY INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $24,000 (JOHN BREEN, MANAGING DIRECTOR).
- How much revenue does MAGIS THEATRE COMPANY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $45,472, expenses of $33,248 and total assets of $14,571 at year end.
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