Magik Childrens Theatre of San Antonio Dba the Magik Theatre
Nonprofit profile at a glance
- EIN
- 742707895
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- San Antonio, TX, USA
- Phone
- 2102272751
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $2,502,510
- Expenses
- $2,388,527
- Assets
- $532,288
- Liabilities
- $377,873
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- FRANK VILLANI (PAST CEO)
- PAMELA BRAMBLE (Past President)
- ALONZO GUZMAN (President)
- SARA CHADEK (Vice President)
Highest reported compensation
- MELISSA ZARB-COUSIN (MGMT DIRECTOR): $84,546 total reported compensation
- FRANK VILLANI (PAST CEO): $41,226 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Magik theatre creates theatrical experiences that ignite imagination, spark curiosity, inspire empathy, and foster a lifetime love of learning in young people.
What it reported doing in 2024
The theatre serves all of the school districts in the san antonio area as well schools from central and south Texas, and to the public at reasonable, affordable prices. From october 1, 2024 to september 30, 2025, the theatre performed to 87,434 children and adults. The theatre had a total of 170 performances.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68%; rating input score 68
- Program expense ratio: 71.2%; rating input score 71
- Fundraising efficiency: $4.51 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.6%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 68% of revenue deployed · 71.2% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $85K · 24 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: Fundraising efficiency scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.