Nonprofit · EIN 81-0828812
THE MAGIC YARN PROJECT
Tax-exempt · PALMER, AK 99645
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $287,291 | $435,491 | -$148,200 | $634,372 | $0 | $634,372 |
| December 31, 2024 | 990 | $394,774 | $469,931 | -$75,157 | $561,505 | $0 | $561,505 |
| December 31, 2023 | 990 | $219,274 | $222,623 | -$3,349 | $263,826 | $0 | $263,826 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $269,708
- Program service revenue
- $0
- Investment income
- $17,583
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,848
- Travel
- $21,777
- Program services (functional)
- $432,882
- Management and general (functional)
- $2,609
Balance sheet and other
- Total assets, start of year
- $561,505
- Total assets, end of year
- $634,372
- Total liabilities, end of year
- $0
- Net assets, end of year
- $634,372
- Publicly traded securities
- $585,555
- Net assets without donor restrictions
- $561,505
- Gross receipts
- $287,291
- Employees
- 0
- Year formed
- 2016
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Christensen | Founder/ Board President Trustee or director, Officer | 0 | $0 |
| Sandy McCleve | Board VP and Treasurer Trustee or director, Officer | 0 | $0 |
| Megan Kenley | Board Member Trustee or director | 0 | $0 |
| Roxie Jorgenson | Board Member Trustee or director | 0 | $0 |
| Jamie Metcalf | Board Secretary Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Christensen | Founder/ Board CEo Trustee or director, Officer | 0 | $0 |
| Sandy McCleve | Board VP and Treasurer Trustee or director, Officer | 0 | $0 |
| Megan Kenley | Board Member Trustee or director | 0 | $0 |
| Roxie Jorgenson | Board Member Trustee or director | 0 | $0 |
| Jamie Metcalf | Board Secretary Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY CHRISTENSEN | FOUNDER/BOAR Trustee or director, Officer | – | $0 |
| TERRY FIELDS | BOARD TREASU Trustee or director, Officer | – | $0 |
| AUSTIN GRIMES | BOARD MEMBER Trustee or director | – | $0 |
| ROXIE JORGENSON | BOARD MEMBER Trustee or director | – | $0 |
| JAMIE METCALF | SECRETARY Trustee or director, Officer | – | $0 |
| JULIE WRIGLEY | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 83, PALMER, AK 99645-0083
- In care of
- % BRIANNA HITCHCOCK
- Mailing address (990-N for 2016)
- PO Box 83, Palmer AK 99645
- Principal officer (990 for 2025)
- Holly Christensen, 5020 N Babcock Rd, Palmer, AK 99645
- Principal officer (990-N for 2016)
- Brianna Hitchcock, 13100 Midori Dr, Anchorage AK 99516
- Signed the 990
- Holly Christensen, Founder/Board CEO
- Phone
- (907) 764-2782
- Website
- www.themagicyarnproject.com
- Return prepared by
- Advantage Healthcare Consulting LLC
Mission
See Schedule O
Program accomplishments
- Yarn wigs for children with hair loss.Expenses $154,761 · grants $55,000 · revenue $214,708
- Expenses $280,730
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 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0828812
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G30)
- Assets (IRS master file)
- $634,372
- Income (IRS master file)
- $287,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $287,291 | $435,491 | $634,372 | XML |
| 990 | December 2024 | $394,774 | $469,931 | $561,505 | XML |
| 990 | December 2023 | $219,274 | $222,623 | $263,826 | XML |
| 990 | December 2022 | $187,482 | $181,477 | $267,175 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Brianna Hitchcock | December 31, 2016 | ≤ $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 81-0828812).
Questions about THE MAGIC YARN PROJECT
- What is the EIN of THE MAGIC YARN PROJECT?
- The employer identification number (EIN) of THE MAGIC YARN PROJECT is 81-0828812.
- Is THE MAGIC YARN PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE MAGIC YARN PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MAGIC YARN PROJECT 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 THE MAGIC YARN PROJECT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MAGIC YARN PROJECT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE MAGIC YARN PROJECT?
- The 990 for the year ended December 31, 2025 names Holly Christensen.
- Who are the officers and directors of THE MAGIC YARN PROJECT?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE MAGIC YARN PROJECT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $287,291, expenses of $435,491 and total assets of $634,372 at year end.
Other nonprofits in PALMER
- MATANUSKA ELECTRIC ASSOCIATION INC EIN 92-0007954 · last filed 990 for 2025
- ALASKA STATE FAIR INCORPORATED EIN 92-0027358 · last filed 990 for 2024
- ALASKA OPERATING ENGINEERS EMPLOYERS TRAINING TRUST FUND EIN 91-6171128 · last filed 990 for 2025
- ALASKA FAMILY SERVICES INC EIN 92-0078235 · last filed 990 for 2025
- ALASKA COMMUNITY DEVELOPMENT CORP EIN 92-0073911 · last filed 990 for 2025
- RAILBELT RELIABILITY COUNCIL EIN 88-1668671 · last filed 990 for 2025
- HATCHER ALPINE XPERIENCE EIN 81-1056780 · last filed 990 for 2025
- PALMER SENIOR CITIZENS CENTER INC EIN 92-0078503 · last filed 990 for 2025
All nonprofits in PALMER · Alaska · Voluntary health associations and medical disciplines