Nonprofits›Magic Grants

Education

Magic Grants

DENVER, CO

WebsiteView as a funder

Total revenue

$875K

Total expenses

$363K

Net assets

$774K

Grants received

$46K

3 grants

EIN

825183590

Tax year

2024

Mission

Promote educational materials and research for cryptocurrency and privacy, provide scholarships, and support payment infrastructure for the public good.

Programs

2 programs

After reviewing and selecting awardees studying various cryptocurrency- related disciplines in their undergraduate studies, paid academic scholarships to the awardees' respective institutions.

Expenses: $8KGrants: $8K

Supported the creation of privacy related educational materials.

Expenses: $54K

Financials

FY 2024

Revenue

Contributions & grants$855K
Program service revenue—
Investment income$19K
Other revenue—
Total revenue$875K

Expenses

Grants paid$287K
Salaries & benefits$53K
Fundraising—
Other expenses$23K
Total expenses$363K
Total assets$774K
Net assets$774K

People

3 listed

NameRoleCompensation

JUSTIN EHRENHOFER

PRESIDENT, S

Board

—

6 hrs/wk

JOHN MURPHY

VICE PRESIDE

Board

—

4 hrs/wk

THOMAS TYLER SHAW

DIRECTOR

Board

—

4 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$6K
For grant recipient's exempt purposes
2023
PAYPAL CHARITABLE GIVING FUND
$34K
GENERAL SUPPORT
2022

Funded by

$46K from 3 funders · 3 grants · 2022–2023

Paypal Charitable Giving Fund

$34K · 1 grant · 2022

Details

EIN825183590
NTEE codeB82
Subsection03
Ruling date2020-08
Formed2018
Employees1
MAGIC GRANTS — Mission, Financials & Grants Received | Grantivo