Be the Magic Foundation Inc

Private foundation · Grantmaker Fort Walton Beach, FL EIN: 87-3645273

Be the Magic Foundation Inc is a private foundation, 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.

Key facts about Be the Magic Foundation Inc

In short: Be the Magic Foundation Inc gave $32K across 7 grants in 2024 (avg $5K), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
87-3645273
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$32,024
Grants made (2024)
7
Average grant
$4,575
Median grant
$1,194
Total assets
$652
Primary geography
Florida (96% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

Fort Walton BeachNicevilleShalimarNavarrePensacolaDestinCrestviewDefuniak SpringsFreeportHuttoPhenix CitySeattleToledoValpariso

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K20 grants2022 29 grants2023 7 grants2024

From 2022 to 2024, annual grant giving ranged from $32K (2024) to $121K (2023). In 2024 it made 7 grants totaling $32K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Hsu Educational Foundation: $13KHsu Educational Foundation$13KGulf Coast Council: $10KGulf Coast Council$10KPanhandle Animal Welfare: $6KPanhandle Animal Welfare$6KOther Summer Classes: $1KOther Summer Classes$1KNavarre High School: $1KNavarre High School$1KChoctaw High School Band: $750Choctaw High School Band$750Emerald Coast Music Alliance: $500Emerald Coast Music Alliance$500

The largest 2024 recipient was Hsu Educational Foundation ($13K). Together the top 7 received $32K.

Grant Size Distribution

56 grants across all recorded years

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

The most common grant size was under $50K: 56 grants of 56 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hsu Educational Foundation Fort Walton Beach, FLGeneral Support$12,500
Gulf Coast Council Pensacola, FLGeneral Support$10,000
Panhandle Animal Welfare Fort Walton Beach, FLGeneral Support$6,080
Other Summer Classes Seattle, WAGeneral Support$1,194
Navarre High School Navarre, FLClassroom Support$1,000
Choctaw High School Band Fort Walton Beach, FLGeneral Support$750
Emerald Coast Music Alliance Fort Walton Beach, FLGeneral Support$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$50K$100K$150K2022 2023 2024
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Be the Magic Foundation Inc is led by Vincent W. Mayfield, President on every filing since 2022; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Vincent W. Mayfield

    President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Heather Ruiz

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jason Monroe

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Lxs Fregger

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Caroline McCoy

    Secretary

    On filings since 2022

    1 hr/week

    No compensation reported

  • Louis Erickson

    Vice President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Tabitha Erickson

    Treasurer

    On filings since 2022

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Be the Magic Foundation Inc

How much does Be the Magic Foundation Inc give each year?

Be the Magic Foundation Inc gave $32K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $121K across 29 grants.

What is Be the Magic Foundation Inc's typical grant size?

Be the Magic Foundation Inc's median grant in 2024 was $1,194, and its average grant was $4,575, across 7 grants on its 2024 IRS Form 990-PF.

Where does Be the Magic Foundation Inc give grants?

Be the Magic Foundation Inc gives mostly in Florida: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Walton Beach, FL (4 grants).

Does Be the Magic Foundation Inc give general operating support?

Yes: 86% of Be the Magic Foundation Inc's 2024 grants with a stated purpose (6 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Be the Magic Foundation Inc's largest grantees?

Be the Magic Foundation Inc's largest 2024 grantees include Hsu Educational Foundation ($12,500), Gulf Coast Council ($10,000) and Panhandle Animal Welfare ($6,080), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.

How large is Be the Magic Foundation Inc?

Be the Magic Foundation Inc reported $652 in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $43K.

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.

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

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