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Nonprofit · EIN 87-3645273

BE THE MAGIC FOUNDATION INC

Tax-exempt · FT WALTON BCH, FL 32549

Financials

$88K$124K2023$43K$37K2024
Revenue Expenses · by fiscal year end
Financials of BE THE MAGIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$43,198$37,268$5,930$652$140$512
December 31, 2023990-PF$87,500$124,280-$36,780-$2,450$2,968-$5,418
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$43,198

Expenses

Grants and similar amounts paid
$32,024
Disbursements for charitable purposes
$32,024

Balance sheet and other

Total assets, start of year
-$2,450
Total assets, end of year
$652
Total liabilities, end of year
$140
Net assets, end of year
$512
Fair market value of assets
$652
Qualifying distributions
$32,024

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
VINCENT W MAYFIELD
PO BOX 1493, FORT WALTON BEACH, FL 32549
PRESIDENT1$0
LOUIS ERICKSON
PO BOX 1493, FORT WALTON BEACH, FL 32549
VICE PRES.1$0
TABITHA ERICKSON
PO BOX 1493, FORT WALTON BEACH, FL 32549
TREASURER1$0
CAROLINE MCCOY
PO BOX 1493, FORT WALTON BEACH, FL 32549
SECRETARY1$0
HEATHER RUIZ
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0
LXS FREGGER
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0
JASON MONROE
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
VINCENT W MAYFIELD
PO BOX 1493, FORT WALTON BEACH, FL 32549
PRESIDENT1$0
LOUIS ERICKSON
PO BOX 1493, FORT WALTON BEACH, FL 32549
VICE PRES.1$0
TABITHA ERICKSON
PO BOX 1493, FORT WALTON BEACH, FL 32549
TREASURER1$0
CAROLINE MCCOY
PO BOX 1493, FORT WALTON BEACH, FL 32549
SECRETARY1$0
HEATHER RUIZ
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0
LXS FREGGER
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0
JASON MONROE
PO BOX 1493, FORT WALTON BEACH, FL 32549
DIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 1493, FT WALTON BCH, FL 32549-1493
In care of
% NOREEN FENNER
Mailing address (990-N for 2021)
1103 HAYS STREET, TALLAHASSEE FL 32301
Principal officer (990-N for 2021)
VINCENT MAYFIELD, 1103 HAYS STREET, TALLAHASSEE FL 32301
Signed the 990-PF
VINCENT W MAYFIELD, PRESIDENT
Phone
(850) 226-4200
Return prepared by
THOMSON BROCK LUGER & COMPANY

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
87-3645273
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$652
Income (IRS master file)
$43,198

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$43,198$37,268$652XML
990-PFDecember 2023$87,500$124,280-$2,450XML
990-PFDecember 2022–––IRS
990-N for 2021
Officer: VINCENT MAYFIELD
December 31, 2021≤ $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 87-3645273).

Questions about BE THE MAGIC FOUNDATION INC

What is the EIN of BE THE MAGIC FOUNDATION INC?
The employer identification number (EIN) of BE THE MAGIC FOUNDATION INC is 87-3645273.
Is BE THE MAGIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to BE THE MAGIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BE THE MAGIC FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BE THE MAGIC FOUNDATION 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 BE THE MAGIC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who is the principal officer of BE THE MAGIC FOUNDATION INC?
The 990-N for 2021 names VINCENT MAYFIELD.
Who are the officers and directors of BE THE MAGIC FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does BE THE MAGIC FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $43,198, expenses of $37,268 and total assets of $652 at year end.

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