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Nonprofit · EIN 88-3208058

MAGIC JOHNSON FOUNDATION

Tax-exempt · BEVERLY HILLS, CA 90209

Financials

$257K$399K2024
Revenue Expenses · by fiscal year end
Financials of MAGIC JOHNSON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$256,949$398,851-$141,902$703,878$22,500$681,378
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$235,301
Program service revenue
$0
Investment income
$21,648
Other revenue
$0

Expenses

Grants and similar amounts paid
$222,520
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$21,255
Program services (functional)
$355,000
Management and general (functional)
$43,851

Balance sheet and other

Total assets, start of year
$949,025
Total assets, end of year
$703,878
Total liabilities, end of year
$22,500
Net assets, end of year
$681,378
Publicly traded securities
$581,648
Gross receipts
$256,949
Employees
0
Volunteers
290
Year formed
2022
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.

NameTitleHours / weekCompensation
EARVIN JOHNSON JRBOARD CHAIR, PRESIDENT, DI
Trustee or director, Officer
1$0
KAWANNA BROWNTREASURER, DIRECTOR
Trustee or director, Officer
1$0
EARLETHA JOHNSONSECRETARY, DIRECTOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 5623, BEVERLY HILLS, CA 90209-5623
In care of
% D MATTHEW RICHARDSON
Principal officer (990 for 2024)
SHEILA EWING, PO BOX 5623, BEVERLY HILLS, CA 90209
Signed the 990
SHEILA ERWING, EVP, FINANCE & OPERATIONS
Phone
(310) 246-6162
Return prepared by
SINGERLEWAK LLP

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO INITIATE AND SUPPORT PROGRAMS THAT HELP TO SERVE UNDERSERVED COMMUNITIES AND ENHANCE THE LIVES OF UNDERPRIVILEGED AND NEEDY INDIVIDUALS, AND TO INITIATE AND SUPPORT CHARITABLE PROGRAMS THAT FURTHER THE HEALTH AND EDUCATION OF THE PUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • HOLIDAY HOPE: PROVIDED HOLIDAY JOY TO FAMILIES IN NEED. MUCH NEEDED RESOURCES (FOOD, CLOTHES, TOY, BOOKS)
    Expenses $287,030 · grants $166,585
  • THE EARVIN JOHNSON, SR. SCHOLARSHIP FUND: THE PROGRAM IS DESIGNED TO PROVIDE SUPPORT FOR DESERVING AFRICAN AMERICAN INCOMING FRESHMAN AT MICHIGAN STATE UNIVERSITY WHO EXEMPLIFY A STRONG COMMITMENT FOR ACADEMIC ACHIEVEMENT BUT FACE SOCIO-ECONOMIC CONDITIONS THAT HINDER THEM FROM REACHING THEIR FULL POTENTIAL.
    Expenses $66,020 · grants $55,935
  • MAGIC OF CHRISTMAS INITIATIVE: THE PROGRAM IS DESIGNED TO PROVIDE SUPPORT, HOPE, AND A SENSE OF COMMUNITY TO THOSE IN NEED. OUR GOAL IS TO SPREAD JOY AND ALLEVIATE SOME OF THESE BURDENS FOR FAMILIES DURING THE HOLIDAYS.
    Expenses $1,950

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-3208058
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$703,878
Income (IRS master file)
$256,949

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,092,927$299,535$949,025IRS
990-EZDecember 2022–––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 JOHNSON FOUNDATION

What is the EIN of MAGIC JOHNSON FOUNDATION?
The employer identification number (EIN) of MAGIC JOHNSON FOUNDATION is 88-3208058.
Is MAGIC JOHNSON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MAGIC JOHNSON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGIC JOHNSON 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 JOHNSON 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 MAGIC JOHNSON 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 MAGIC JOHNSON FOUNDATION?
The 990 for the year ended December 31, 2024 names SHEILA EWING.
Who are the officers and directors of MAGIC JOHNSON FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does MAGIC JOHNSON FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $256,949, expenses of $398,851 and total assets of $703,878 at year end.

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