Overview
What is Share The Magic Foundation Inc?
Share The Magic Foundation Inc, based in Atlanta, Georgia at 2870 Peachtree Road 109, is a nonprofit organization with a mission to promote the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. They achieve this through virtual reading challenges, advocacy, and programming. With a small team of four employees, the foundation focuses on ensuring that every child has the opportunity to own books, which can significantly impact their educational journey.
Official website here: www.readwithmalcolm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Share The Magic Foundation Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting an 88% overall score. This rating emphasizes the organization's strong accountability and finance practices, earning an impressive 83% in this area. Notably, the foundation has a fully independent board comprised of ten members, which enhances governance and oversight. Its commitment to transparency is evidenced by the presence of necessary policies and the availability of financial documents on its website.
The organization's commitment to cultural engagement and community practices is also commendable, boasting a perfect score of 100% in this category. Their feedback mechanisms are robust, with effective strategies for collecting and utilizing feedback to shape their programs. Furthermore, Share The Magic Foundation has demonstrated strong equity strategies, ensuring inclusivity and responsiveness to the communities they serve.
While the organization presents a well-rounded profile of responsible management and community engagement, the detailed ratings suggest continual assessment in diverse areas could further enhance its impact. Overall, Share The Magic Foundation Inc stands out as a trustworthy nonprofit making significant strides in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Share The Magic Foundation Inc legitimate?
Share The Magic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share The Magic Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $178,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,906
For more financial information, click here
Official website here: www.readwithmalcolm.com
What is the mission statement of Share The Magic Foundation Inc?
The Share The Magic Foundation Inc's mission is focused on promoting the long-term advantages of reading and book ownership among students in Title 1 schools and underprivileged communities. The organization carries out this mission through various means, including organizing free virtual reading challenges, advocating for literacy, and providing literacy programming. The ultimate goal is to instill a love for reading and book ownership among these students, which can have significant long-term benefits.
Official website here: www.readwithmalcolm.com
Who is the CEO of Share The Magic Foundation Inc?
David J Sapp is the Director of Share The Magic Foundation Inc.
Official website here: www.readwithmalcolm.com
What is the revenue of Share The Magic Foundation Inc?
Share The Magic Foundation Inc's revenue in 2022 was $1,213,550.
Official website here: www.readwithmalcolm.com
Who are the executives of Share The Magic Foundation Inc and what are their salaries?
The average compensation at Share The Magic Foundation Inc during 2022 was $63,753. There are 4 employees and 50 volunteers at Share The Magic Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $116,275
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $61,833
- Related: $0
- Other: $0
Official website here: www.readwithmalcolm.com
Where can I find the form 990 for Share The Magic Foundation Inc?
Share The Magic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.readwithmalcolm.com
Learn more at the official website: www.readwithmalcolm.com
Mission Statement of Share The Magic Foundation Inc
Share The Magic Foundation Inc is an organization dedicated to fostering the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. In pursuit of this mission, the foundation engages in three key activities: promoting virtual reading challenges, advocating for literacy, and providing book ownership opportunities. Through these initiatives, Share The Magic Foundation Inc aims to cultivate a love for reading and literacy among underserved students, ultimately fostering their academic and personal growth. By offering these resources, the foundation seeks to bridge the literacy gap and empower students to unlock their full potential.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Share The Magic Foundation Inc's impact is evident in the promotion of the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. Through free virtual reading challenges, literacy advocacy, and programming, the organization is actively fostering a love for reading and providing access to books for those who may not have easy access otherwise. By focusing on empowering students through literacy initiatives, Share The Magic Foundation is making a tangible difference in enriching the lives of individuals in Atlanta, GA, and beyond.
This information is meant to be a general summary of Share The Magic Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,083
- Program Service Revenue: $394,309
- Gross Receipts: $1,351,698
Assets and Liabilities:
- Total Assets: $1,475,901
- Total Liabilities: $94,550
- Net Assets: $1,381,351
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$394,309
Organization Details
Founding Year
2016
Phone
(678) 974-2668Principal Officer
David J Sapp
Main Address
2870 PEACHTREE ROAD 109, ATLANTA, GA, 30305
Website
www.readwithmalcolm.comNTEE Category
Code: P20 - Human services
If you are a representative of Share The Magic Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.