2024-09-27T14:01:57-05:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 812377796 MAGICAL BRIDGE FOUNDATION MAGI 6505382850 959A ADDISON AVE PALO ALTO CA 94301 OLENKA VILLARREAL CEO 6505382850 2024-09-26 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2024-10-15 13:58:12Z X OLENKA VILLARREAL 959A ADDISON AVE PALO ALTO CA 94301 1207645 0 X WWW.MAGICALBRIDGE.ORG X 2016 CA MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS. 9 8 7 240 0 0 5279096 487011 491150 720634 0 0 0 0 5770246 1207645 0 0 0 0 620375 689690 0 0 36505 1765170 1783136 2385545 2472826 3384701 -1265181 5846644 4598373 62034 78944 5784610 4519429 X MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS THROUGH WORLD-RENOWNED INNOVATIVE DESIGN. FAR EXCEEDING INDUSTRY STANDARDS, WE REMOVE THE PHYSICAL AND SOCIAL BARRIERS IN TODAY'S TRADITIONAL PLAYGROUNDS TO CREATE WELCOMING SPACES FOR ALL AGES, ABILITIES AND SIZES. THROUGH OUR ADVOCACY AND PROGRAMS BOTH ON AND OFF THE PLAYGROUND, WE IGNITE VITAL INTER-GENERATIONAL PLAY AND BUILD MORE INCLUSIVE COMMUNITIES. 0 0 1972478 0 720634 IN 2023, WE CONTINUED TO WORK ON THE DESIGN AND DEVELOPMENT OF THREE PLAYGROUND PROJECTS LOCALLY IN MOUNTAIN VIEW, SANTA CLARA, AND AT CESAR CHAVEZ MIDDLE SCHOOL IN EAST PALO ALTO. WE ALSO CONTINUED DESIGN WORK ON TWO PLAYGROUNDS IN SINGAPORE, ONE AT THE NATIONAL MUSEUM, AND ANOTHER AT SUN PLAZA PARK. LASTLY, WE ENTERED INTO A NEW LICENSING AND CONSULTING AGREEMENT WITH THE CITY OF DALY CITY FOR A MAGICAL BRIDGE IN HILLSIDE PARK.IN 2023, WE SUPPORTED THE OPENING OF OUR FIRST INTERNATIONAL PROJECT IN HAMILTON NEW ZEALAND.DEVELOPED NEW OPPORTUNITIES AND PRODUCED COMPREHENSIVE DESIGN GUIDELINES TO SUPPORT FUTURE LICENSING PROJECTS. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY, ESPECIALLY WITHIN THE SCHOOL CONTEXT. WE DID EXTENSIVE WORK ON REIMAGINING SCHOOL PLAYGROUNDS BY CREATING TEMPLATES FOR SMALL FORMAT AND AFFORDABLE MAGICAL BRIDGE DESIGNS THAT FIT WITHIN STANDARD SCHOOL PLAYGROUND FOOTPRINTS. WE ALSO CREATED COMPANION EDUCATIONAL MATERIAL TO LEVERAGE THE REIMAGINING OF SCHOOL PLAYGROUNDS TO EDUCATE ABOUT UNIVERSAL DESIGN, CIVIC ENGAGEMENT, AND STEM. 141363 0 0 PROVIDED ONSITE PROGRAMMING FOR OUR CURRENTLY OPEN PLAYGROUNDS INCLUDING A KINDNESS AMBASSADOR PROGRAM, A SUMMER MUSIC CONCERT SERIES, AND A VARIETY OF THOUGHTFULLY DESIGNED PROGRAMMING FOR ALL AGES AND ALL ABILITIES ON AND OFF THE PLAYGROUND. 2113841 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MARIAN RICHART 6505382850 959A ADDISON AVE PALO ALTO CA 94301 IAN BAIN CHAIR 1.00 X X 0 0 0 MELISSA RICK SECRETARY 1.00 X X 0 0 0 TODD PARMACEK TREASURER 1.00 X X 0 0 0 INTEKHAB NAZEER TREASURER (THRU 6/26/23) 1.00 X X 0 0 0 TED DRAKE DIRECTOR 1.00 X 0 0 0 LELAND LEVY DIRECTOR 1.00 X 0 0 0 JOYCE REYNOLDS-SYCLAIR PHD DIRECTOR 1.00 X 0 0 0 JILL ASHER DIRECTOR 1.00 X 0 0 0 AMANDA STECKLER DIRECTOR 1.00 X 0 0 0 OLENKA VILLARREAL CEO 40.00 X X 245625 0 23386 ELAINE CAPTAIN COO 40.00 X 112017 0 18124 357642 0 41510 2 0 1 0 0 487011 50937 487011 PROJECT CONSTRUCTION 541900 720634 720634 720634 1207645 720634 0 0 X 277312 246611 22059 8642 338178 273793 64211 174 32511 24588 7908 15 41689 34836 6404 449 3073 3073 65080 65080 330945 308225 22720 7810 2749 3981 1080 40965 9956 27884 3125 102800 102800 3609 2265 1344 36 36 729 729 12079 2297 9782 PLAYGROUND CONSTRUCTION 1200534 1200534 MEALS 14569 7885 6384 300 GIFTS/ENTERTAINMENT 907 102 805 2472826 2113841 322480 36505 5831194 4299373 4815 281744 9970 15032 17409 15185 665 2224 5846644 4598373 62034 78944 62034 78944 X 646638 887284 5137972 3632145 5784610 4519429 5846644 4598373 -1265181 0 X 0 1 X 1 0 X 1750914 828925 2059669 5279096 487011 10405615 1750914 828925 2059669 5279096 487011 10405615 2582145 7823470 10405615 2856163 0.75190 0.73110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17409 15185 2224 2224 X 1207645 0 1207645 0 1207645 2472826 0 2472826 0 2472826 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE AND SECTION 23701D OF THE STATE OF CALIFORNIA REVENUE AND TAXATION CODE. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. X X X X 0 0 0 0 0 0 0 0 0 OLENKA VILLARREAL CEO 220625 0 25000 0 0 0 0 0 23386 0 269011 0 0 0 X 2 50937 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B WHEN THE DRAFT FORM 990 WAS RECEIVED FROM THE CPA, IT WAS SENT TO THE BOARD. THE BOARD WAS GIVEN TIME TO REVIEW THE FORM. FOLLOWING THE REVIEW, A VOTE WAS TAKEN TO APPROVE FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE COVERED UNDER THE WRITTEN CONFLICT OF INTEREST POLICY. THE BOARD REVIEWS ALL POTENTIAL CONFLICTS AND MAKES THE DETERMINATION OF WHETHER A CONFLICT EXISTS. THE PERSON WITH POTENTIAL CONFLICT IS EXCLUDED FROM THE REVIEW PROCESS. IF A CONFLICT IS FOUND, THE BOARD ACTS WITH A RESPONSE APPROPRIATE TO THE MAGNITUDE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE CEO, EXECUTIVE DIRECTOR, AND KEY EMPLOYEES COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE RECEIVED AN ANNUAL REPORT OF NONPROFIT COMPENSATION IN NORTHERN CALIFORNIA, AND FORMS 990 OF SIMILAR NONPROFIT ORGANIZATIONS. ALL MEMBERS OF THE COMPENSATION COMMITTEE ARE UNPAID DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104 (D). FORM 990, PART IX, LINE 11G OTHER SERVICES/SUPPLIES: PROGRAM SERVICE EXPENSES 308,225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 22,720. TOTAL EXPENSES 330,945.