MAGIC HAT THRIFT SHOP INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MAGIC HAT THRIFT SHOP INC (EIN 32-0136377)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-12
IRS object ID
201610439349200626
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-12T10:53:33-08:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vesey & Weeks PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1185 Centre St Ste 103AddressLine1Txt
CityDanversCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01923ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN320136377EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAGIC HAT THRIFT SHOP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAGIBusinessNameControlTxt
Phone7816393120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1217 PLEASANT STREETAddressLine1Txt
CityMARBLEHEADCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01945ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHAREN SOLOMONPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2016-02-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonStephen T VeseyPreparerPersonNm
PTINP00579182PTIN
Phone9787743000PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$149,814GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$1,570ContributionsGiftsGrantsEtcAmt
Program Service Revenue$148,244ProgramServiceRevenueAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$149,814TotalRevenueAmt
Grants And Similar Amounts Paid$108,715GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$34,686SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$980FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$10,475OtherExpensesTotalAmt
Total Expenses$154,856TotalExpensesAmt
Excess Or Deficit For Year-$5,042ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$2,951NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$2,091NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$44,104BOYAmt
EOY$53,701EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$131BOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$44,235BOYAmt
EOY$53,701EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$41,284BOYAmt
EOY$55,792EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$2,951BOYAmt
EOY-$2,091EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTO PROMOTE AND CARRY OUT FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY, TO RAISE FUNDS TO FURTHER THE EDUCATION OF CHILDREN ENROLLED IN THE MARBLEHEAD PUBLIC SCHOOLS IN THE TOWN OF MARBLEHEAD, MASSACHUSETTS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomFUNDS RAISED TO ACHIEVE FUNDING FOR EDUCATIONAL PURPOSES IN THE MARBLEHEAD MA PUBLIC SCHOOLS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$143,401GrantsAndAllocationsAmt
Program Service Expenses$108,715ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$143,401TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MILENA CONNOLLY
Treasurer1.50$1,055
SHAREN SOLOMON
Vice President1.50$0
WENDY ROWORTH
Director1.50$0
CLAIRE MACDONALD
Director1.50$0
JULIE KORZENIK
Director1.50$0
JENNIFER BREHOB
Director1.50$0
KATHI GRUNWALD
Clerk1.50$0
KAREN PICCIRILLO
Director1.50$0
GERRY MICHAUD
Director1.50$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Organization Filed990 TfalseOrganizationFiled990TInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonWENDY ROWORTHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 STEARNS STREETAddressLine1Txt
CitySWAMPSCOTTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01907ZIPCd
FieldValueIRS element (for citing)
Phone7816393120PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Form720 FiledfalseForm720FiledInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 OrgfalseRelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$87,786CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$113,827CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$122,400CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$125,618CurrentTaxYearMinus1YearAmt
Current Tax Year$149,802CurrentTaxYearAmt
Total$599,433TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$87,786CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$113,827CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$122,400CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$125,618CurrentTaxYearMinus1YearAmt
Current Tax Year$149,802CurrentTaxYearAmt
Total$599,433TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$599,433PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$599,433TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Grants and Similar Amounts Paid In Excess of $5,000.1Class of Activity: PUBLIC SCHOOL | Donee's Name: MARBLEHEAD PUBLIC SCHOOLS | Donee's Address: 2 HUMPHREY STREET MARBLEHEAD, MA 01945 | Relationship of Donee: RELATED - THRIFT SHOP | Cash Amount Given: $108715
Other Expenses.1001Advertising and Promotion $80
Other Expenses.1002Office Expenses $3208
Other Expenses.1INSURANCE $2971
Other Expenses.2PAYROLL PROCESSING FEES $2000
Other Expenses.3CREDIT CARD FEES $1768
Other Expenses.4JANITORIAL $200
Other Expenses.5MISCELLANEOUS $183
Other Expenses.6BAD DEBTS $55
Other Expenses.7BANK FEES $10
Other Assets.1SALES TAX REFUND RECEIVABLE - Beginning $131 SALES TAX REFUND RECEIVABLE - Ending $0
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $767
Total Liabilities.1CONTRIBUTIONS TO PTOS PAYABLE - Beginning $41284 CONTRIBUTIONS TO PTOS PAYABLE - Ending $55000
Total Liabilities.2GIFT CERTIFICATES - Beginning $0 GIFT CERTIFICATES - Ending $25

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.