Magic Fields Foundation

Nonprofit profile at a glance

EIN
833901253
IRS 990-EZ coverage
2019–2020
Forms available
Form 990-EZ 2020
Location
Edmonds, WA, USA
Phone
2062921144
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Reported finances

Revenue
$75,057
Expenses
$19,368
Assets
$109,149
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • PETER CHUNG (PRESIDENT)
  • JIM COSHOW II (VICE PRESIDENT)

People named in this filing

  • PETER CHUNG (PRESIDENT)
  • JIM COSHOW II (VICE PRESIDENT)
  • BRAD GOODE (SECRETARY/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Magic fields was founded to provide families with safe environments to spend time with friends, neighbors and most importantly their children to make lasting memories and stronger communitieis. We also build stronger communities through youth sports. Repairing little league baseball fields to provide safe environments for youth to play and for families to build community bonds.

What it reported doing in 2020

Refurbishing youth athletic fields.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 100
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.9%; rating input score 26
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 74.2%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 5.64; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 41.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 68.5% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 25.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2019 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.