Nonprofit · EIN 32-0136377
MAGIC HAT THRIFT SHOP INC
Tax-exempt · MARBLEHEAD, MA 01945
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $364,963 | $390,008 | -$25,045 | $148,037 | $5,641 | $142,396 |
| June 30, 2024 | 990 | $424,509 | $390,135 | $34,374 | $172,562 | $5,121 | $167,441 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,326
- Program service revenue
- $358,178
- Investment income
- $2,459
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $250,000
- Other salaries and wages
- $91,369
- Salaries, compensation and benefits (total)
- $100,450
- Professional fundraising fees
- $0
- Accounting fees
- $5,100
- Program services (functional)
- $364,483
- Management and general (functional)
- $25,525
Balance sheet and other
- Total assets, start of year
- $172,562
- Total assets, end of year
- $148,037
- Total liabilities, end of year
- $5,641
- Net assets, end of year
- $142,396
- Net assets without donor restrictions
- $142,396
- Gross receipts
- $364,963
- Employees
- 12
- Volunteers
- 60
- Year formed
- 2005
- State of legal domicile
- MA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAREN SOLOMON | DIRECTOR Trustee or director | 3 | $0 |
| GAYLE STOLL | DIRECTOR Trustee or director | 3 | $0 |
| STEPHANIE SULLIVAN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| KATHI GRUNWALD | DIRECTOR Trustee or director | 3 | $0 |
| JULIE VINETTE | DIRECTOR Trustee or director | 3 | $0 |
| SUSAN MAY | TREASURER Trustee or director, Officer | 3 | $0 |
| FILIPPO NENNA | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| FRANCES TULLY | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAREN SOLOMON | DIRECTOR Trustee or director | 3 | $0 |
| GAYLE STOLL | OPERATIONS LIASON Trustee or director | 3 | $0 |
| STEPHANIE SULLIVAN | CO-PRESIDENT Trustee or director, Officer | 3 | $0 |
| KATHI GRUNWALD | CO-PRESIDENT Trustee or director, Officer | 3 | $0 |
| LAURA CHRISTENSEN | DIRECTOR Trustee or director | 3 | $0 |
| MARIANNE DUNNE | DIRECTOR Trustee or director, Officer | 3 | $0 |
| JULIE VINETTE | DIRECTOR Trustee or director | 3 | $0 |
| LUISA BOVERINI | CLERK Trustee or director, Officer | 3 | $0 |
| SUSAN MAY | TREASURER Trustee or director, Officer | 3 | $0 |
| FIL NENNA | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 217 PLEASANT ST, MARBLEHEAD, MA 01945-2251
- In care of
- % MARBLEHEAD VETERANS MIDDLE SCHOOL
- Principal officer (990 for 2024)
- STEPHANIE SULLIVAN, 217 PLEASANT STREET, MARBLEHEAD, MA 01945
- Signed the 990
- STEPHANIE SULLIVAN, PRESIDENT
- Phone
- (781) 990-2542
- Website
- WWW.MAGICHATTHRIFTSHOP.COM
- Return prepared by
- GORTON & COMPANY PC
Mission
TO PROMOTE AND CARRY OUT FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY, TO RAISE FUNDS TO FURTHER THE EDUCATION OF CHILDREN ENROLLED IN THE MARBLEHEAD PUBLIC SCHOOLS IN THE TOWN OF MARBLEHEAD, MASSACHUSETTS.
Program accomplishments
- FUNDS RAISED TO ACHIEVE FUNDING FOR EDUCATIONAL PURPOSES IN THE MARBLEHEAD MA PUBLIC SCHOOLS.Expenses $364,483 · grants $250,000 · revenue $360,637
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0136377
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P29)
- Assets (IRS master file)
- $148,037
- Income (IRS master file)
- $364,963
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $364,963 | $390,008 | $148,037 | XML |
| 990 | June 2024 | $424,509 | $390,135 | $172,562 | XML |
| 990 | June 2023 | $363,208 | $330,781 | $145,156 | IRS |
| 990 | June 2022 | $284,415 | $267,002 | $101,653 | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MAGIC HAT THRIFT SHOP INC
- What is the EIN of MAGIC HAT THRIFT SHOP INC?
- The employer identification number (EIN) of MAGIC HAT THRIFT SHOP INC is 32-0136377.
- Is MAGIC HAT THRIFT SHOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MAGIC HAT THRIFT SHOP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGIC HAT THRIFT SHOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAGIC HAT THRIFT SHOP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGIC HAT THRIFT SHOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAGIC HAT THRIFT SHOP INC?
- The 990 for the year ended June 30, 2025 names STEPHANIE SULLIVAN.
- Who are the officers and directors of MAGIC HAT THRIFT SHOP INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAGIC HAT THRIFT SHOP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $364,963, expenses of $390,008 and total assets of $148,037 at year end.
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