Overview
What is Magic Incorporated?
Magic Incorporated, based in Stanford, California, is a nonprofit organization dedicated to fostering a residential service-learning community that promotes the application of human ecology to enhance value realization. They have facilitated the gathering of 22 individuals from multiple countries and states, providing a platform for learning and growth through hatha yoga, social dance classes, and organized excursions such as hikes and camping trips. Magic Incorporated recently expanded its community in Mammoth Lakes, acquiring a new residential facility and welcoming four residents from various nations. In addition to their service-learning initiatives, Magic Incorporated has made significant contributions to scientific research, particularly in the field of biodiversity. They have published articles on their work and collaborated with other scientific partners on projects like the Global Malaise Program. Their efforts have resulted in the collection of over 20,000 specimens from Santa Clara and Mono Counties, the identification of hundreds of unique arthropods, and the submission of these samples for DNA sequencing. The findings have expanded the Barcode of Life Database with over 500 new, previously absent unique sequences. Magic Incorporated has also engaged with government officials at the city, county, and national levels, advocating for science-based policies. They have presented their valuescience to corporate employees and offered regular seminars for personal, online, and hybrid learning. Furthermore, they have published articles in Communities magazine, the International Barcode of Life Bulletin, and presented at the Anaheim Rotary Club.
Official website here: www.ecomagic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Magic Incorporated has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 81% in this area, reflecting strong practices in governance and transparency. The majority of its board members are independent, which enhances its oversight capabilities, and it has robust policies regarding conflicts of interest and whistleblowing.
The organization demonstrates effective financial management, evidenced by a high program expense ratio of 92.15%, indicating that a significant portion of its resources is directed towards its mission. There are no reported material diversions of assets, suggesting a strong commitment to integrity in its financial practices. Additionally, all required documentation, such as board meeting minutes and policies, are appropriately managed.
While Magic Incorporated shows commendable strengths in accountability, the overall rating is solely based on financial metrics, with no evaluation of program impact or effectiveness. This might limit a comprehensive understanding of the organization’s overall performance in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Magic Incorporated legitimate?
Magic Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ecomagic.org
What is the mission statement of Magic Incorporated?
Magic Incorporated aims to further common human interests by establishing a residential service learning community, where individuals from diverse backgrounds can research and learn how to apply human ecology to enhance their understanding of value and its realization. By doing so, they aim to foster a community that encourages a more accurate discernment of value, promoting its full realization. Through various activities such as teaching hatha yoga and social dance classes, organizing hikes and camping trips, engaging with government officials, and offering seminars, Magic Incorporated strives to educate and inspire its members, fostering a more informed and impactful society. Additionally, they are involved in scientific projects like the Silicon Valley Barcode of Life, focusing on biodiversity and the identification of various species using DNA barcoding. Their work contributes to databases like the Barcode of Life Database (BOLD), making a significant impact in the scientific community.
Official website here: www.ecomagic.org
Who is the CEO of Magic Incorporated?
David Schrom is the Director, Secretary/Treasurer of Magic Incorporated.
Official website here: www.ecomagic.org
What is the revenue of Magic Incorporated?
Magic Incorporated's revenue in 2022 was $466,255.
Official website here: www.ecomagic.org
Who are the executives of Magic Incorporated and what are their salaries?
There 400 volunteers at Magic Incorporated.
Here are 5 key members and their salaries:
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- Other: $20,000
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- Other: $18,250
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Official website here: www.ecomagic.org
Where can I find the form 990 for Magic Incorporated?
Magic Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecomagic.org
Learn more at the official website: www.ecomagic.org
Mission Statement of Magic Incorporated
Magic Incorporated, a non-profit organization, is dedicated to advancing the common interests of humanity. The organization achieves this by cultivating a residential service-learning community that serves as a platform for research and education, teaching individuals how to apply human ecology to make value judgments more accurately and to actualize these values more fully.
Magic Incorporated strives to foster a global community of residents, bringing together individuals from various countries and states, and providing them with opportunities for personal growth and learning. They organize interactive activities such as hatha yoga and social dance classes, as well as outdoor expeditions like hikes and camping trips.
In addition to their educational endeavors, Magic Incorporated engages in various projects to promote science-based policy and encourage environmental conservation. They have published articles in recognized publications and have collaborated with international scientific partners in programs like the Global Malaise Program. The organization has also amassed a substantial collection of biodiversity specimens from various locations, contributing thousands of unique sequences to the Barcode of Life Database. Magic Incorporated presents their findings to corporate audiences and offers weekly seminars on valuescience, both in-person and online, to a broader audience.
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Impact
July, 2024
Magic Incorporated's impact includes creating a valuescience-based service-learning community that has engaged residents from diverse backgrounds in Palo Alto and Mammoth Lakes. The organization has conducted research, taught classes, and organized outdoor activities to promote a deeper understanding of human ecology and value discernment. Additionally, Magic Incorporated has published articles, engaged with government officials, and promoted science-based policy, contributing to the development of more informed decision-making processes. Through its participation in scientific programs like the Global Malaise Program and the Silicon Valley Barcode of Life project, Magic Incorporated has helped advance biodiversity research and conservation efforts. Overall, Magic Incorporated's work aims to foster a greater sense of environmental stewardship and community engagement.
This information is meant to be a general summary of Magic Incorporated. 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: $102,395
- Program Service Revenue: $202,727
- Gross Receipts: $1,365,513
Assets and Liabilities:
- Total Assets: $5,097,461
- Total Liabilities: $556,081
- Net Assets: $4,541,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Valuescience
Revenue
$87,340
Cooperation and Individual Well-being
Revenue
$58,087
Environmental Stewardship
Revenue
$57,300
Organization Details
Founding Year
1979
Phone
(650) 323-7333Principal Officer
David Schrom
Main Address
PO Box 15894, Stanford, CA, 94309
Website
www.ecomagic.orgNTEE Category
Code: C60Z - Environment
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