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Share The Magic Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 811221582 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

Overview

What is Share The Magic Foundation Inc?

Share The Magic Foundation Inc, based in Atlanta, Georgia at 2870 Peachtree Road 109, is a nonprofit organization with a mission to promote the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. They achieve this through virtual reading challenges, advocacy, and programming. With a small team of four employees, the foundation focuses on ensuring that every child has the opportunity to own books, which can significantly impact their educational journey.


Official website here: www.readwithmalcolm.com

Is Share The Magic Foundation Inc legitimate?

Share The Magic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share The Magic Foundation Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $178,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,906

For more financial information, click here


Official website here: www.readwithmalcolm.com

What is the mission statement of Share The Magic Foundation Inc?

The Share The Magic Foundation Inc's mission is focused on promoting the long-term advantages of reading and book ownership among students in Title 1 schools and underprivileged communities. The organization carries out this mission through various means, including organizing free virtual reading challenges, advocating for literacy, and providing literacy programming. The ultimate goal is to instill a love for reading and book ownership among these students, which can have significant long-term benefits.


Official website here: www.readwithmalcolm.com

Who is the CEO of Share The Magic Foundation Inc?

David J Sapp is the Director of Share The Magic Foundation Inc.


Official website here: www.readwithmalcolm.com

What is the revenue of Share The Magic Foundation Inc?

Share The Magic Foundation Inc's revenue in 2022 was $1,213,550.


Official website here: www.readwithmalcolm.com

Who are the executives of Share The Magic Foundation Inc and what are their salaries?

The average compensation at Share The Magic Foundation Inc during 2022 was $63,753. There are 4 employees and 50 volunteers at Share The Magic Foundation Inc.

Here are 13 key members and their salaries:

    Malcolm Mitchell (Executive Director)
  • Compensation: $116,275
  • Related: $0
  • Other: $0

    • Anne Sapp (Coo)
  • Compensation: $61,833
  • Related: $0
  • Other: $0

    • Patricia Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Gelfond (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wanda J Hayes Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mohamed Massaquoi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roy Neill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Parker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Ramirez Pinckney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carla Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Hanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Conley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David J Sapp (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.readwithmalcolm.com

    Where can I find the form 990 for Share The Magic Foundation Inc?

    The Share The Magic Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.readwithmalcolm.com

    Learn more at the official website: www.readwithmalcolm.com

    Mission Statement of Share The Magic Foundation Inc

    Share The Magic Foundation Inc is an organization dedicated to fostering the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. In pursuit of this mission, the foundation engages in three key activities: promoting virtual reading challenges, advocating for literacy, and providing book ownership opportunities. Through these initiatives, Share The Magic Foundation Inc aims to cultivate a love for reading and literacy among underserved students, ultimately fostering their academic and personal growth. By offering these resources, the foundation seeks to bridge the literacy gap and empower students to unlock their full potential.

    Impact

    This information is meant to be a general summary of Share The Magic Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Share The Magic Foundation Inc's impact is evident in the promotion of the long-term benefits of reading and book ownership among students in Title 1 schools and underserved communities. Through free virtual reading challenges, literacy advocacy, and programming, the organization is actively fostering a love for reading and providing access to books for those who may not have easy access otherwise. By focusing on empowering students through literacy initiatives, Share The Magic Foundation is making a tangible difference in enriching the lives of individuals in Atlanta, GA, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,083
  • Program Service Revenue: $394,309
  • Gross Receipts: $1,351,698

    • Assets and Liabilities:
  • Total Assets: $1,475,901
  • Total Liabilities: $94,550
  • Net Assets: $1,381,351
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $394,309

    Organization Details

    Founding Year

    2016

    Principal Officer

    David J Sapp

    Main Address

    2870 PEACHTREE ROAD 109, ATLANTA, GA, 30305

    NTEE Category

    Code: P20 - Human services

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