MAGIC MINDS INC

Address
7739 MAYFIELD AVENUE
ELKRIDGE, MD 21075
Contact
Website: http://www.m2inc.info
Phone: +1 (443) 802-0576
Nonprofit
NTEE: O20 - Youth Centers, Clubs, Multipurpose
EIN: 47-2164263

Mission

TO PROVIDE A DAILY SUMMER AND AFTER CARE EXPERIENCE THAT MERGES ACADEMIC ENRICHMENT, ENHANCED SOCIAL SKILLS AND UNFORGETTABLE ENJOYMENT.
 20162015
Basic features of the organization
Year of formation2015
Subsection code03
PF filing required0 
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$68,400.00$14,400.00
Sum of reportable (W2/1099) compensation$68,400.00$14,400.00
Number of employees7243
Number of volunteers 12
Personnel
Cuthrell, Aaron
TitleDIRECTORDIRECTOR
Name of key/compensated personAARON CUTHRELLAARON CUTHRELL
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org040.00040.00
Reportable compensation from org$34,200.00$7,200.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs040.00 
Rhodes, Crystal
TitleDIRECTORDIRECTOR
Name of key/compensated personCRYSTAL RHODESCRYSTAL RHODES
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org040.00040.00
Reportable compensation from org$34,200.00$7,200.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs040.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE A DAILY SUMMER AND AFTER CARE EXPERIENCE THAT MERGES ACADEMIC ENRICHMENT, ENHANCED SOCIAL SKILLS AND UNFORGETTABLE ENJOYMENT.TO PROVIDE A DAILY SUMMER AND AFTER CARE EXPERIENCE THAT MERGES ACADEMIC ENRICHMENT, ENHANCED SOCIAL SKILLS AND UNFORGETTABLE ENJOYMENT.
Program service expenses, total$382,716.00$193,007.00
Programs, including revenue & expenses
AFTER CARE
Program expenses$133,062.00$87,732.00
Program revenue$164,266.00$103,237.00
Program descriptionAFTER CAREAFTER CARE
SUMMER CAMP
Program expenses$249,654.00$105,275.00
Program revenue$342,495.00$133,614.00
Program descriptionSUMMER CAMPSUMMER CAMP
Financial data
Revenue
Total revenue$506,761.00$236,852.00
Revenue from contributions (total) $0.00
Investment income, current yr$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00
Total unrelated business revenue$0.00$0.00
Other revenue, current yr$0.00$0.00
Program service revenue (total)$506,761.00$236,852.00
Gross receipts$506,761.00$236,852.00
Other types of revenue
Net rental income $0.00
Expense categories (totals)
Total functional expenses: sum of all$491,111.00$230,686.00
Total functional expenses: program service $382,716.00$190,043.00
Total functional expenses: management and general$108,395.00$40,643.00
Total functional expenses: fundraising$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00
Legal fees (total)$0.00$0.00
Fundraising service fees (total)$0.00$0.00
General management fees (total)$0.00$7,200.00
Investment management fees (total)$0.00$0.00
Assets and liabilities
Total assets$21,918.00$9,281.00
Total assets, beginning of year$9,281.00 
Total liabilities$0.00$3,115.00
Total liabilities, beginning of year$3,115.00 
Net assets$21,918.00$6,166.00
Net assets, beginning of year$6,166.00 
Cash: non-interest bearing$20,223.00$3,033.00
Cash: non-interest bearing, beginning of year$3,033.00 
Loans and other payables to key persons $3,115.00
Other financial variables
Revenue less expenses$15,650.00$6,166.00
Advertising (total)$1,455.00$2,524.00
Accounts receivable, net $6,248.00
Total net assets or fund balances$21,918.00$6,166.00
Depreciation, depletion, amortization$2,025.00$0.00
Payment to affiliates$0.00$0.00
Governance and accountability
Number of voting members22
Number of independent voting members00
Accrual accountingTrueTrue
Tax year start date2016-01-012015-01-01
Tax year end date2016-12-012015-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990
Reason for form submission
First filing True
Date e-filing submitted2018-01-082016-12-29
IRS schema version2016v3.02015v2.1
Filing identifier201703189349301135201642289349307564
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