Nonprofit · EIN 81-2377796
MAGICAL BRIDGE FOUNDATION
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $961,729 | $4,382,107 | -$3,420,378 | $1,186,588 | $87,537 | $1,099,051 |
| December 31, 2023 | 990 | $1,207,645 | $2,472,826 | -$1,265,181 | $4,598,373 | $78,944 | $4,519,429 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $616,407
- Program service revenue
- $345,322
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $250,771
- Other salaries and wages
- $276,113
- Salaries, compensation and benefits (total)
- $600,574
- Professional fundraising fees
- $0
- Legal fees
- $6,445
- Accounting fees
- $49,753
- Occupancy
- $60,575
- Travel
- $1,174
- Depreciation
- $763
- Program services (functional)
- $4,126,328
- Management and general (functional)
- $227,641
- Fundraising (functional)
- $28,138
Balance sheet and other
- Total assets, start of year
- $4,598,373
- Total assets, end of year
- $1,186,588
- Total liabilities, end of year
- $87,537
- Net assets, end of year
- $1,099,051
- Land, buildings and equipment
- $1,461
- Net assets without donor restrictions
- $622,326
- Net assets with donor restrictions
- $476,725
- Gross receipts
- $961,729
- Employees
- 5
- Volunteers
- 100
- Year formed
- 2016
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLENKA VILLARREAL | CEO Trustee or director, Officer | 40 | $225,000 | $27,199 |
| ELAINE CAPTAIN | COO Trustee or director, Officer | 40 | $135,000 | $25,268 |
| IAN BAIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA RICK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TODD PARMACEK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TED DRAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LELAND LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOYCE REYNOLDS-SYCLAIR PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL ASHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA STECKLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLENKA VILLARREAL | CEO Trustee or director, Officer | 40 | $245,625 | $23,386 |
| ELAINE CAPTAIN | COO Officer | 40 | $112,017 | $18,124 |
| IAN BAIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA RICK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TODD PARMACEK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| INTEKHAB NAZEER | TREASURER (THRU 6/26/23) Trustee or director, Officer | 1 | $0 | $0 |
| TED DRAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LELAND LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOYCE REYNOLDS-SYCLAIR PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL ASHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA STECKLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 959A ADDISON AVE, PALO ALTO, CA 94301-3002
- Principal officer (990 for 2024)
- OLENKA VILLARREAL, 959A ADDISON AVE, PALO ALTO, CA 94301
- Signed the 990
- OLENKA VILLARREAL, CEO
- Phone
- (650) 538-2850
- Website
- WWW.MAGICALBRIDGE.ORG
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 81-2377796 or by the name MAGICAL BRIDGE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS THROUGH WORLD-RENOWNED INNOVATIVE DESIGN. FAR EXCEEDING INDUSTRY STANDARDS, WE REMOVE THE PHYSICAL AND SOCIAL BARRIERS IN TODAY'S TRADITIONAL PLAYGROUNDS TO CREATE WELCOMING SPACES FOR ALL AGES, ABILITIES AND SIZES. THROUGH OUR ADVOCACY AND PROGRAMS BOTH ON AND OFF THE PLAYGROUND, WE IGNITE VITAL INTER-GENERATIONAL PLAY AND BUILD MORE INCLUSIVE COMMUNITIES.
Program accomplishments
- IN 2024, WE CONTINUED TO WORK ON THE COMMUNITY ENGAGEMENT, DESIGN, AND DEVELOPMENT OF FOUR PLAYGROUND PROJECTS LOCALLY IN MOUNTAIN VIEW, SANTA CLARA, DALY CITY, AND AT CESAR CHAVEZ MIDDLE SCHOOL IN EAST PALO ALTO. WE ALSO CONTINUED DESIGN WORK ON THREE PLAYGROUNDS IN SINGAPORE: NATIONAL MUSEUM, SUN PLAZA PARK, AND EDEN SCHOOL. LASTLY, WE ENTERED INTO A NEW LICENSING AND CONSULTING AGREEMENTS MARIN COUNTY, MORGAN AUTISM CENTER, AND ST. FRANCIS CENTER. ENTERED INTO A PARTNERSHIP WITH THE CITY OF PALO ALTO TO PROVIDE "MAGICAL SERIES" PROGRAMMING THOUGHTFULLY DESIGNED FOR PEOPLE OFF ALL AGES AND ALL ABILITIES ON AND OFF THE PLAYGROUND. THE AGREEMENT ALSO INCLUDES THE FURTHER DEVELOPMENT AND OPERATION OF THE KINDNESS AMBASSADOR VOLUNTEER PROGRAM.LAUNCHED AN INITIATIVE TO REIMAGINE SCHOOL PLAYGROUNDS AS UNIVERSALLY DESIGNED MAGICAL BRIDGE LEARNING LANDSCAPES THAT PROMOTE PHYSICAL ACTIVITY AND SOCIAL INTERACTION FOR STUDENTS OF ALL ABILITIES BUT ALSO SERVE AS CATALYSTS FOR CIVIC ENGAGEMENT, EMPATHY THINKING, STEM EDUCATION, AND ONGOING COMMUNITY BUILDING AND HEALTH.Expenses $3,598,549 · revenue $313,461
- DEVELOPED NEW LICENSING PARTNERSHIP STRUCTURES TO ENABLE WORKING WITH MUNICIPALITIES, LANDSCAPE ARCHITECTS, AND REAL ESTATE DEVELOPERS. PRODUCED COMPREHENSIVE DESIGN GUIDELINES TO SUPPORT THESE NEW PARTNERSHIP MODELS. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY, ESPECIALLY WITHIN THE SCHOOL CONTEXT.Expenses $527,779 · revenue $31,861
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 | Not 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
- 81-2377796
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $1,186,588
- Income (IRS master file)
- $961,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $961,729 | $4,382,107 | $1,186,588 | IRS |
| 990 | December 2023 | $1,207,645 | $2,472,826 | $4,598,373 | XML |
| 990 | December 2022 | $5,770,246 | $2,385,545 | $5,846,644 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 81-2377796).
Questions about MAGICAL BRIDGE FOUNDATION
- What is the EIN of MAGICAL BRIDGE FOUNDATION?
- The employer identification number (EIN) of MAGICAL BRIDGE FOUNDATION is 81-2377796.
- Is MAGICAL BRIDGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MAGICAL BRIDGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGICAL BRIDGE FOUNDATION 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 MAGICAL BRIDGE FOUNDATION 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 MAGICAL BRIDGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAGICAL BRIDGE FOUNDATION?
- The 990 for the year ended December 31, 2024 names OLENKA VILLARREAL.
- Who are the officers and directors of MAGICAL BRIDGE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $225,000 (OLENKA VILLARREAL, CEO).
- How much revenue does MAGICAL BRIDGE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $961,729, expenses of $4,382,107 and total assets of $1,186,588 at year end.
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All nonprofits in PALO ALTO · California · Recreation and sports