Be the Magic Foundation Inc

FORT WALTON BEACH, FL EIN: 87-3645273

Be the Magic Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WALTON BEACH, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $652 in total assets. In 2024, it awarded 7 grants totaling $32K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$652

-126.6% YoY

Annual Giving

$32K

-73.4% YoY

Grant Count

7

-75.9% YoY

Avg Grant Size

$5K

+10.0% YoY

About Be the Magic Foundation Inc

Based on IRS filings

Be the Magic Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WALTON BEACH, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $652 in total assets. In 2024, it awarded 7 grants totaling $32K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

CrestviewDefuniak SpringsDestinFort Walton BeachFreeportFt Walton BeachHuttoNavarreNicevillePensacolaPhenix CitySeattleShalimarToledoValpariso

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$34K$68K$103K$137K202220232024
Metric202420232022
Total Assets$652$-2,450$31,362
Revenue$43,198$87,500$103,120
Expenses$37,268$124,280$71,758
Qualifying Distributions$32,024$120,592$68,908
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$30K$60K$90K$121K20 grants202229 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

HSU EDUCATIONAL FOUNDATION$13KGULF COAST COUNCIL$10KPANHANDLE ANIMAL WELFARE$6KOTHER SUMMER CLASSES$1KNAVARRE HIGH SCHOOL$1KCHOCTAW HIGH SCHOOL BAND$750EMERALD COAST MUSIC ALLI…$500

Grant Size Distribution

56 grants across all recorded years

56<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hsu Educational Foundation ($12,500), Gulf Coast Council ($10,000), Panhandle Animal Welfare ($6,080).

RecipientPurposeAmount
EMERALD COAST MUSIC ALLIANCE FORT WALTON BEACH, FLGENERAL SUPPORT$500
GULF COAST COUNCIL PENSACOLA, FLGENERAL SUPPORT$10,000
HSU EDUCATIONAL FOUNDATION FORT WALTON BEACH, FLGENERAL SUPPORT$12,500
NAVARRE HIGH SCHOOL NAVARRE, FLCLASSROOM SUPPORT$1,000
PANHANDLE ANIMAL WELFARE FORT WALTON BEACH, FLGENERAL SUPPORT$6,080
OTHER SUMMER CLASSES SEATTLE, WAGENERAL SUPPORT$1,194
CHOCTAW HIGH SCHOOL BAND FORT WALTON BEACH, FLGENERAL SUPPORT$750

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
VINCENT W MAYFIELDPRESIDENT1
LOUIS ERICKSONVICE PRES.1
TABITHA ERICKSONTREASURER1
CAROLINE MCCOYSECRETARY1
HEATHER RUIZDIRECTOR1
LXS FREGGERDIRECTOR1
JASON MONROEDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Be the Magic Foundation Inc?

Be the Magic Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WALTON BEACH, FL. It holds $652 in total assets as of 2024.

How large is Be the Magic Foundation Inc?

As of 2024, Be the Magic Foundation Inc holds $652 in total assets with $43K in annual revenue. It awarded 7 grants totaling $32K in 2024.

Where does Be the Magic Foundation Inc operate?

Be the Magic Foundation Inc has awarded grants in Alabama, Florida, Ohio, Texas, Washington.

What size grants does Be the Magic Foundation Inc award?

In 2024, Be the Magic Foundation Inc awarded 7 grants totaling $32K — an average of about $5K per grant, based on its IRS Form 990 filings.

What is Be the Magic Foundation Inc's EIN?

Be the Magic Foundation Inc's EIN (Employer Identification Number) is 87-3645273. IRS Form 990 filing data is available on this page for 2022–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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