MAGIC HAT THRIFT SHOP INC: Form 990EZ, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MAGIC HAT THRIFT SHOP INC (EIN 32-0136377)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-01-14
IRS object ID
201510149349200101
Schema version
2013v4.0
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)
Return2015-01-14T04:21:35-08:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vesey & Weeks PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1185 Centre St Ste 103AddressLine1
CityDanversCity
StateMAState
ZIP Code01923ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN320136377EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAGIC HAT THRIFT SHOP INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMAGIBusinessNameControlTxt
Phone7816393120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1217 PLEASANT STREETAddressLine1
CityMARBLEHEADCity
StateMAState
ZIP Code01945ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHAREN SOLOMONPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2015-01-14SignatureDt
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)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

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$125,634GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$754ContributionsGiftsGrantsEtcAmt
Program Service Revenue$124,880ProgramServiceRevenueAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$125,634TotalRevenueAmt
Grants And Similar Amounts Paid$94,999GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$29,011SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$660FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$12,371OtherExpensesTotalAmt
Total Expenses$137,041TotalExpensesAmt
Excess Or Deficit For Year-$11,407ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$14,358NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,951NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$85,577BOYAmt
EOY$44,104EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
EOY$131EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$85,577BOYAmt
EOY$44,235EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$71,219BOYAmt
EOY$41,284EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$14,358BOYAmt
EOY$2,951EOYAmt
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$124,010GrantsAndAllocationsAmt
Program Service Expenses$94,999ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$124,010TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MILENA CONNOLLY
Director1.50$0
SHAREN SOLOMON
Vice President1.50$0
WENDY ROWORTH
Director1.50$0
CLAIRE MACDONALD
Clerk1.50$0
JENNIFER BREHOB
Director1.50$0
KATHI GRUNWALD
Treasurer1.50$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

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonWENDY ROWORTHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 STEARNS STREETAddressLine1
CitySWAMPSCOTTCity
StateMAState
ZIP Code01907ZIPCode
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$79,968CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$87,786CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$113,827CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$122,400CurrentTaxYearMinus1YearAmt
Current Tax Year$125,618CurrentTaxYearAmt
Total$529,599TotalAmt

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$79,968CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$87,786CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$113,827CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$122,400CurrentTaxYearMinus1YearAmt
Current Tax Year$125,618CurrentTaxYearAmt
Total$529,599TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$529,599PublicSupportTotal170Amt

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$529,599TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 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: $94999
Other Expenses.1001Advertising and Promotion $238
Other Expenses.1002Office Expenses $3496
Other Expenses.1INSURANCE $4098
Other Expenses.2PAYROLL PROCESSING FEES $2356
Other Expenses.3MISCELLANEOUS $691
Other Expenses.4CREDIT CARD FEES $658
Other Expenses.5COMPUTER AND INTERNET EXPENSE $546
Other Expenses.6BAD DEBTS $185
Other Expenses.7FILING FEES $85
Other Expenses.8BANK FEES $18
Other Assets.1SALES TAX REFUND RECEIVABLE - Beginning $0 SALES TAX REFUND RECEIVABLE - Ending $131
Total Liabilities.1CONTRIBUTIONS TO PTOS PAYABLE - Beginning $71219 CONTRIBUTIONS TO PTOS PAYABLE - Ending $41284

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