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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 81-3801305

MAGIC FOUNDATION

Tax-exempt · NEW HOPE, PA 18938

Financials

$145K$48K2023$106K$51K2024$139K$59K2025
Revenue Expenses · by fiscal year end
Financials of MAGIC FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$138,671$58,926$79,745$484,366$4,772$479,594
December 31, 2024990-EZ$106,099$51,169$54,930$401,577$1,728$399,849
December 31, 2023990-EZ$144,780$48,361$96,419$349,820$4,901$344,919
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$138,378
Other revenue
$293

Expenses

Grants and similar amounts paid
$17,078
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$18,143
Printing, publications and postage
$237
Other expenses
$23,468
Program services (functional)
$58,264

Balance sheet and other

Total assets, start of year
$401,577
Total assets, end of year
$484,366
Total liabilities, end of year
$4,772
Net assets, end of year
$479,594
Cash, savings and investments
$462,366
Gross receipts
$175,099

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Steve A GrossoChairman & CEO10$0
Sharon GrossoExecutive Dir.24$0
Marty BabickiDirector1$0
Lauren PuraDirector1$0
Peter MurphyDirector0.5$0
Rick AtherholtSecretary1$0
Kathleen CapparelliDirector2$0
Christopher BrownDirector0.5$0
Lisa RafterDirector0.5$0
Rene ParadisTreasurer1$0
990-EZ for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
Steve A GrossoChairman & CEO10$0
Sharon GrossoExecutive Dir.24$0
Marty BabickiDirector1$0
Lauren PuraDirector1$0
Peter MurphyDirector0$0
Rick AtherholtSecretary1$0
Kathleen CapparelliDirector2$0
Christopher BrownDirector0$0
Lisa RafterDirector0.5$0
Rene ParadisTreasurer1$0
990-EZ for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Steve A GrossoChairman & CEO10$0
Sharon GrossoExecutive Dir.24$0
Marty BabickiDirector1$0
Lauren PuraDirector1$0
Peter MurphyDirector0$0
Rick AtherholtSecretary1$0
Kathleen CapparelliDirector2$0
Christopher BrownDirector0$0
Lisa RafterDirector0.5$0
Rene ParadisTreasurer1$0

Address and contacts

Address (IRS master file)
6805 ROUTE 202, NEW HOPE, PA 18938-1079
Signed the 990-EZ
Rene Paradis, Treasurer
Phone
(844) 624-4246
Return prepared by
Lear & Pannepacker LLP

Mission

To advocate for and invest in the well-being of children.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • To advocate for and invest in the well-being of children.
    Expenses $58,264

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for MAGIC FOUNDATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-3801305
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B19)
Assets (IRS master file)
$484,366
Income (IRS master file)
$175,099

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$138,671$58,926$484,366XML
990-EZDecember 2024$106,099$51,169$401,577XML
990-EZDecember 2023$144,780$48,361$349,820XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 81-3801305).

Questions about MAGIC FOUNDATION

What is the EIN of MAGIC FOUNDATION?
The employer identification number (EIN) of MAGIC FOUNDATION is 81-3801305.
Is MAGIC FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to MAGIC FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGIC 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 MAGIC FOUNDATION 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 MAGIC FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of MAGIC FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does MAGIC FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $138,671, expenses of $58,926 and total assets of $484,366 at year end.

Other nonprofits in NEW HOPE

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