NonprofitsMagic Johnson Foundation

Community Improvement & Capacity Building

Magic Johnson Foundation

BEVERLY HILLS, CA

Total revenue

$257K

Total expenses

$399K

Net assets

$681K

Grants received

$210K

9 grants

EIN

883208058

Tax year

2024

Mission

The specific purpose of this corporation is to initiate and support programs that help to serve underserved communities and enhance the lives of underprivileged and needy individuals, and to initiate and support charitable programs that further the health and education of the public.

Programs

2 programs

The earvin johnson, sr. Scholarship fund: the program is designed to provide support for deserving african american incoming freshman at michigan state university who exemplify a strong commitment for academic achievement but face socio-economic conditions that hinder them from reaching their full potential.

Expenses: $66KGrants: $56K

Magic of christmas initiative: the program is designed to provide support, hope, and a sense of community to those in need. Our goal is to spread joy and alleviate some of these burdens for families during the holidays.

Expenses: $2K

Financials

FY 2024

Revenue

Contributions & grants$235K
Program service revenue
Investment income$22K
Other revenue
Total revenue$257K

Expenses

Grants paid$223K
Salaries & benefits
Fundraising
Other expenses$176K
Total expenses$399K
Total assets$704K
Net assets$681K

People

3 listed

NameRoleCompensation

EARVIN JOHNSON JR

BOARD CHAIR, PRESIDENT, DI

Board

1 hrs/wk

KAWANNA BROWN

TREASURER, DIRECTOR

Board

1 hrs/wk

EARLETHA JOHNSON

SECRETARY, DIRECTOR

Board

1 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$20K
GENERAL
2024
$50K
FOR THE EARVIN JOHNSON SR SCHOLARSHIP FUND.
2023
$25K
HUMAN SERVICES
2023
$25K
TO INITIATE AND SUPPORT PROGRAMS THAT HELP TO SERVE UNDERSERVED COMMUNITIES AND ENHANCE THE LIVES OF UNDERPRIVILEGED AND NEEDY INDIVIDUALS, AND TO INITIATE AND SUPPORT CHARITABLE PROGRAMS THAT FURTHER THE HEALTH AND EDUCATION OF THE PUBLIC
2023
$10K
SCHOLARSHIPS
2023
$10K
GENERAL CHARITABLE
2023
$10K
GENERAL CHARITABLE PURPOSES
2023
$10K
GENERAL SUPPORT
2023
$50K
For grant recipient's exempt purposes
2022

Funded by

$210K from 9 funders · 9 grants · 2022–2024

The Samuel And Latanya R Jackson

$50K · 1 grant · 2023

Walter Family Foundation Inc

$25K · 1 grant · 2023

National Philanthropic Trust

$25K · 1 grant · 2023

Pledgeling Foundation

$20K · 1 grant · 2024

Fanatics Charitable Foundation

$10K · 1 grant · 2023

Cleveland Avenue Foundation

$10K · 1 grant · 2023

The Pat Riley Family Foundation

$10K · 1 grant · 2023

Details

EIN883208058
NTEE codeS20
Subsection03
Ruling date2022-10
Formed2022
Employees0
Volunteers290
MAGIC JOHNSON FOUNDATION — Mission, Financials & Grants Received | Grantivo