Nonprofit · EIN 81-1221582
SHARE THE MAGIC FOUNDATION INC
Tax-exempt · ATLANTA, GA 30305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,700,734 | $1,294,239 | $406,495 | $2,699,352 | $285,845 | $2,413,507 |
| December 31, 2023 | 990 | $1,618,052 | $1,139,723 | $478,329 | $2,187,623 | $257,306 | $1,930,317 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $939,862
- Program service revenue
- $706,467
- Investment income
- $53,502
- Net gain from sales of assets
- $2,620
- Other revenue
- $903
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $287,084
- Other salaries and wages
- $247,416
- Salaries, compensation and benefits (total)
- $574,224
- Professional fundraising fees
- $0
- Accounting fees
- $28,765
- Occupancy
- $65,347
- Travel
- $57,407
- Program services (functional)
- $1,069,046
- Management and general (functional)
- $169,775
- Fundraising (functional)
- $55,418
Balance sheet and other
- Total assets, start of year
- $2,187,623
- Total assets, end of year
- $2,699,352
- Total liabilities, end of year
- $285,845
- Net assets, end of year
- $2,413,507
- Publicly traded securities
- $1,698,208
- Net assets without donor restrictions
- $2,413,507
- Gross receipts
- $1,843,196
- Employees
- 6
- Volunteers
- 100
- Year formed
- 2016
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALCOLM MITCHELL | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $200,417 |
| ANNE SAPP | COO Officer | 40 | $86,667 |
| PATRICIA ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GELFOND | CHAIR Trustee or director, Officer | 1 | $0 |
| WANDA J HAYES PHD | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MOHAMED MASSAQUOI | DIRECTOR Trustee or director | 1 | $0 |
| ROY NEILL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PARKER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA RAMIREZ PINCKNEY | DIRECTOR Trustee or director | 1 | $0 |
| CARLA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| LARRY HANSON | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS CONLEY | DIRECTOR Trustee or director | 1 | $0 |
| MANDY CULPEPPER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HABER | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA ROSSETER | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID J SAPP | CFO Officer | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALCOLM MITCHELL | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $188,021 |
| ANNE SAPP | COO Officer | 40 | $83,333 |
| PATRICIA ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GELFOND | CHAIR Trustee or director, Officer | 1 | $0 |
| WANDA J HAYES PHD | DIRECTOR Trustee or director | 1 | $0 |
| MOHAMED MASSAQUOI | DIRECTOR Trustee or director | 1 | $0 |
| ROY NEILL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PARKER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA RAMIREZ PINCKNEY | DIRECTOR Trustee or director | 1 | $0 |
| CARLA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| LARRY HANSON | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS CONLEY | DIRECTOR Trustee or director | 1 | $0 |
| MANDY CULPEPPER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HABER | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA ROSSETER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID J SAPP | CFO Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2870 PEACHTREE RD NE BOX 109, ATLANTA, GA 30305-0000
- Principal officer (990 for 2024)
- MALCOLM MITCHELL, 2870 PEACHTREE ROAD 109, ATLANTA, GA 30305
- Signed the 990
- MALCOLM MITCHELL, EXECUTIVE DIRECTOR
- Phone
- (678) 974-2668
- Website
- WWW.READWITHMALCOLM.COM
- Return prepared by
- CRI ADVISORS LLC
Mission
TO PROMOTE THE LONG-TERM BENEFITS OF READING AND BOOK OWNERSHIP AMONG STUDENTS IN TITLE 1 SCHOOLS AND UNDERSERVED COMMUNITIES.
Program accomplishments
- FREE VIRTUAL READING CHALLENGES, LITERACY ADVOCACY AND PROGRAMMING, BOOK OWNERSHIP.Expenses $1,069,046 · revenue $707,370
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1221582
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,699,352
- Income (IRS master file)
- $1,843,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,700,734 | $1,294,239 | $2,699,352 | XML |
| 990 | December 2023 | $1,618,052 | $1,139,723 | $2,187,623 | XML |
| 990 | December 2022 | $1,213,550 | $722,974 | $1,475,901 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-1221582).
Questions about SHARE THE MAGIC FOUNDATION INC
- What is the EIN of SHARE THE MAGIC FOUNDATION INC?
- The employer identification number (EIN) of SHARE THE MAGIC FOUNDATION INC is 81-1221582.
- Is SHARE THE MAGIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SHARE THE MAGIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHARE THE MAGIC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHARE THE MAGIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHARE THE MAGIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHARE THE MAGIC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MALCOLM MITCHELL.
- Who are the officers and directors of SHARE THE MAGIC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $200,417 (MALCOLM MITCHELL, EXECUTIVE DIRECTOR).
- How much revenue does SHARE THE MAGIC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,700,734, expenses of $1,294,239 and total assets of $2,699,352 at year end.
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