2021-11-15T12:28:04-06:00 2020-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2020-01-01 812377796 MAGICAL BRIDGE FOUNDATION MAGI 6505673337 552 WAVERLEY NO 200 PALO ALTO CA 94301 OLENKA VILLARREAL CEO 6505673337 2021-11-12 1 OLENKA VILLARREAL 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z OLENKA VILLARREAL 552 WAVERLEY NO 200 PALO ALTO CA 94301 1273507 0 X WWW.MAGICALBRIDGE.ORG X 2016 CA MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS. 8 6 9 20 0 0 1750914 828925 776447 444582 -9920 0 0 0 2517441 1273507 0 0 0 0 512886 825431 0 0 36321 2114466 801534 2627352 1626965 -109911 -353458 2085848 2248172 9907 165689 2075941 2082483 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 1239444 0 444582 WE CONTINUED WORK ON OUR 5 PLAYGROUND PROJECTS UNDER CONTRACT, INCLUDING ONGOING DESIGN FOR OUR MOUNTAIN VIEW AND SANTA CLARA PLAYGROUNDS, AND BEGINNING CONSTRUCTION ON OUR MORGAN HILL AND SUNNYVALE PLAYGROUNDS, AND OUR PLAYGROUND AT THE CURIODDESSEY MUSEUM.MAGICAL BRIDGE FOUNDATION OPENED ITS SECOND FULL PLAYGROUND IN REDWOOD CITY IN NOV. OF 2020. THE PLAYGROUND WAS ABLE TO WELCOME 15,000 VISITORS PER MONTH, WITH COVID SAFE PROTOCOLS INCLUDING MASKING AND SOCIAL DISTANCING.WE NAVIGATED THROUGH COVID, TAKING OUR ANNUAL SUMMER CONCERT SERIES ONLINE, WITH 100 DAILY SENSORY FRIENDLY ONLINE CONCERTS, WITH AN AVERAGE ATTENDANCE OF 100 PEOPLE. WE WORKED DIRECTLY WITH THE CITY OF PALO ALTO TO ESTABLISH PROTOCOLS TO ENSURE SAFE PLAYGROUND VISITS DURING THE PANDEMIC, AND WITH THESE PROTOCOLS IN PLACE WERE ABLE TO OPEN THE PALO ALTO PLAYGROUND TO 10,000 VISITORS PER MONTH.DEVELOPED NEW OPPORTUNITIES AND PRODUCED PRELIMINARY DESIGN SPECIFICATIONS FOR FUTURE PLAYGROUND PROJECTS, INCLUDING AIDING CITIES TO APPLY FOR GRANTS, TWO PROJECTS IN SINGAPORE, AND SEVERAL PALO ALTO UNIFIED SCHOOL DISTRICT PROJECTS. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY. CONTINUED EFFORTS TO INNOVATE THE EXPERIENCES AT THE PLAYGROUNDS THROUGH INNOVATIVE EQUIPMENT, AND INNOVATIVE DESIGN PRACTICES. 41243 0 0 AS PART OF OUR KINDNESS AMBASSADOR PROGRAM, WE LAUNCHED OUR FIRST STUDENT LED DIVERSITY, EQUITY AND INCLUSION INITIATIVE WITH 15 LOCAL PALO ALTO STUDENTS WHO PRESENTED TO LOCAL CITY LEADERS ABOUT MAKING SCHOOLS AND PUBLIC SPACES MORE INCLUSIVE IN PALO ALTO. 1280687 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 0 0 0 0 0 0 0 0 0 1 7 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 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 6505673337 552 WAVERLEY NO 200 PALO ALTO CA 94301 OLENKA VILLARREAL CEO 40.00 X X 154274 0 12220 JILL HOFFSPIEGEL EXECUTIVE DIRECTOR 40.00 X X 143750 0 120 HOLLY WADE PHD CHAIR 1.00 X X 0 0 0 MELISSA RICK BOARD SECRETARY 1.00 X X 0 0 0 INTEKHAB NAZEER TREASURER 1.00 X X 0 0 0 LELAND LEVY DIRECTOR 1.00 X 0 0 0 JOYCE REYNOLDS-SYCLAIR PHD DIRECTOR 1.00 X 0 0 0 VINCE STECKLER DIRECTOR 1.00 X 0 0 0 PETER JENSEN LEAD DESIGNER 40.00 X 146503 0 14753 MARIA HASSID DIRECTOR OF OPERATIONS 40.00 X 121875 0 120 566402 0 27213 4 0 1 0 0 828925 828925 PROJECT CONSTRUCTION 541900 444582 444582 444582 1273507 444582 0 0 X 370996 312581 38205 20210 364704 296449 61838 6417 36915 35710 1072 133 52816 40564 10198 2054 8967 7575 1392 43721 43721 356427 351831 4596 10617 1023 9594 41348 13727 24710 2911 102480 102480 1342 1342 7 7 15494 3482 12012 PLAYGROUND CONSTRUCTION 217000 217000 MEALS 3552 599 2953 GIFTS/ENTERTAINMENT 579 146 433 1626965 1280687 309957 36321 1979725 2070700 91000 150000 10013 12351 15121 0 5110 15121 2085848 2248172 9907 81489 0 84200 9907 165689 X 771481 661771 1304460 1420712 2075941 2082483 2085848 2248172 -353458 360000 0 X 0 1 X 1 0 X 0 178429 3190747 1750914 828925 5949015 178429 3190747 1750914 828925 5949015 2786569 3162446 5949015 2172952 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15121 15121 15121 X 1273507 0 1273507 0 1273507 1626965 0 1626965 0 1626965 PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE FOUNDATION HAS EVALUATED UNCERTAIN TAX POSITIONS AND RELATED DISCLOSURES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-50-15. MANAGEMENT DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. X X X X 0 0 0 0 0 0 0 0 0 OLENKA VILLARREAL CEO 154274 0 0 0 0 0 0 0 12220 0 166494 0 0 0 PETER JENSEN LEAD DESIGNER 146503 0 0 0 0 0 0 0 14753 0 161256 0 0 0 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 351,831. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4,596. TOTAL EXPENSES 356,427.