Overview
What is Magical Bridge Foundation?
The Magical Bridge Foundation, based in Palo Alto, California, is a nonprofit organization that focuses on redefining inclusive playgrounds. With a team of 11 dedicated individuals, they design and develop innovative playground projects, both locally in Mountain View, Santa Clara, and East Palo Alto, as well as internationally in Singapore. In 2022, they opened two new playgrounds in Sunnyvale and Morgan Hill and worked on designs for future projects in East Palo Alto and New Zealand. The foundation goes beyond traditional playgrounds by removing physical and social barriers, creating welcoming spaces for all ages, abilities, and sizes. Their mission extends beyond the playground, advocating for inter-generational play and fostering more inclusive communities.
Official website here: www.magicalbridge.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Magical Bridge Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The organization scored exceptionally well in all evaluated areas, particularly with its independent board composition and strong financial oversight. With 88% of its board members being independent, it demonstrates a commitment to impartial governance.
The foundation's financial practices are robust, as evidenced by its program expense ratio of 81.08%, indicating that a significant portion of its expenses directly supports its mission. Additionally, its fundraising efficiency is commendable, with only $0.02 spent to raise every dollar. Such efficiency allows the organization to maximize its impact within the communities it serves.
There are no noted limitations or concerns in the data reviewed, which further solidifies the foundation's reputation as a well-managed nonprofit. Its transparency in financial reporting and adherence to ethical practices underscore its dedication to responsible stewardship of resources. Overall, Magical Bridge Foundation stands out as a highly effective organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Magical Bridge Foundation?
96% of 282 reviewers on Facebook recommend the Magical Bridge Foundation. Here is a summary of their reviews:
Many reviewers express enthusiasm and joy for the organization's mission, highlighting the positive impact it has on the community. The sentiment is overwhelmingly supportive, with several individuals mentioning their excitement about being involved, including becoming Ambassadors for the cause.
Overall, it appears that the Magical Bridge Foundation effectively resonates with its audience, fostering a sense of community and engagement among its supporters. The commitment to its mission and the enthusiasm of its community members contribute to a favorable perception of the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Magical Bridge Foundation legitimate?
Magical Bridge Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magical Bridge Foundation 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: $277,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,178
For more financial information, click here
Official website here: www.magicalbridge.org
What is the mission statement of Magical Bridge Foundation?
The Magical Bridge Foundation redefines inclusive playgrounds by employing innovative design that surpasses industry standards. Their goal is to eliminate both physical and social barriers found in traditional playgrounds, creating welcoming spaces suitable for individuals of all ages, abilities, and sizes. Through advocacy and various programs, both on and off the playground, the foundation encourages intergenerational play and fosters the development of more inclusive communities.
Official website here: www.magicalbridge.org
Who is the CEO of Magical Bridge Foundation?
Olenka Villarreal is the CEO of Magical Bridge Foundation The CEO's salary of Magical Bridge Foundation is $245,625 and their total compensation is $269,011.
Official website here: www.magicalbridge.org
What is the revenue of Magical Bridge Foundation?
Magical Bridge Foundation's revenue in 2023 was $1,207,645.
Official website here: www.magicalbridge.org
Who are the executives of Magical Bridge Foundation and what are their salaries?
The average compensation at Magical Bridge Foundation during 2023 was $87,927. There are 7 employees and 240 volunteers at Magical Bridge Foundation.
Here are 11 key members and their salaries (Magical Bridge Foundation's CEO's salary is $245,625 and their total compensation is $269,011):
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- Compensation: $245,625
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- Other: $23,386
- Compensation: $112,017
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- Other: $18,124
Official website here: www.magicalbridge.org
Where can I find the form 990 for Magical Bridge Foundation?
Magical Bridge Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.magicalbridge.org
Learn more at the official website: www.magicalbridge.org
Mission Statement of Magical Bridge Foundation
The Magical Bridge Foundation redefines inclusive playgrounds by employing innovative design that surpasses industry standards. By eliminating both physical and social barriers found in traditional playgrounds, this organization creates welcoming spaces suitable for individuals of all ages, abilities, and sizes. Beyond the playground, Magical Bridge Foundation engages in advocacy and programs that stimulate intergenerational play, fostering more inclusive communities.
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Impact
July, 2024
Magical Bridge Foundation redefines inclusive playgrounds by removing physical and social barriers in traditional playgrounds. In 2022, they worked on the design and development of three playground projects locally and continued design work on two playgrounds in Singapore. They opened two new playgrounds locally and developed opportunities for future projects. The foundation also focuses on outreach, education, and innovation to promote inclusive play experiences for all ages, abilities, and sizes.
This information is meant to be a general summary of Magical Bridge Foundation. 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 2023.
- Program Service Revenue: $720,634
- Gross Receipts: $1,207,645
Assets and Liabilities:
- Total Assets: $5,846,644
- Total Liabilities: $62,034
- Net Assets: $5,784,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT CONSTRUCTION
Revenue
$720,634
Organization Details
Founding Year
2016
Principal Officer
Olenka Villarreal
Website
www.magicalbridge.orgNTEE Category
Code: N32 - Recreation
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