2025-12-18T15:33:36-06:00 2024-12-31 994625061 CRI ADVISORS LLC TWO RIVERWAY 15TH FLOOR HOUSTON TX 77056 990 2024-01-01 273053614 MAGIC BUS USA MAGI 8327759000 1500 CITY WEST BLVD 700 HOUSTON TX 77042 AMIT BHANDARI DIRECTOR 8327759000 2025-12-18 1 1 KRISTEN SIMPSON P01268482 7136218090 2024 2025-03-06 01:10:19Z AMIT BHANDARI 1500 CITY WEST BLVD 700 HOUSTON TX 77042 1989358 0 X WWW.MAGICBUSUSA.ORG X 2010 CA MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL. 6 6 1 15 0 0 6838642 1680776 0 0 99411 204245 -147330 -138297 6790723 1746724 2502986 2512756 0 0 267291 47542 0 0 73347 222748 90123 2993025 2650421 3797698 -903697 5874672 5155852 111000 295877 5763672 4859975 X MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL AND ARE FOUNDED ON THE PRINCIPLE OF HUMAN RIGHTS, PROMOTING EDUCATION, HEALTH, GENDER, EQUALITY AND SUSTAINABLE LIVELIHOODS. 0 0 1762756 1762756 MAGIC BUS ENVISIONS A WORLD WHERE MARGINALIZED YOUTH IN INDIA AND ACROSS SOUTH ASIA ARE PROVIDED THE OPPORTUNITIES TO BREAK THE CYCLE OF INHERITED POVERTY. WE DO THIS BY TEACHING ESSENTIAL LIFE SKILLS, SUPPORTING STUDENTS WITH ACADEMIC CHALLENGES, PROVIDING EMPLOYABILITY EDUCATION, AND CONNECTING OUR PROGRAM PARTICIPANTS TO WORK WHICH ENABLES THEM TO THRIVE IN THEIR TRANSITION TO ADULTHOOD. 750000 750000 GRANT TO MAGIC BUS GLOBAL (UK) 2512756 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MAGIC BUS USA 8327759009 1500 CITY WEST BLVD SUITE 700 HOUSTON TX 77042 AMIT BHANDARI CHAIRMAN 5.00 X X 0 0 0 KAPIL MATHUR DIRECTOR 1.00 X X 0 0 0 MATTHEW SPACIE DIRECTOR 5.00 X X 0 0 0 ASH SOMANI DIRECTOR 1.00 X X 0 0 0 ARPAN SHETH DIRECTOR 1.00 X 0 0 0 AVINASH VASHISTHA DIRECTOR 1.00 X 0 0 0 SARAH CURRID EXECUTIVE DIRECTOR 40.00 X 41934 0 0 41934 0 0 0 0 0 0 0 230299 1450477 189000 1680776 204245 204245 104337 230299 242634 -138297 -138297 1746724 0 0 65948 2512756 2512756 41934 41934 4108 3774 334 1500 1500 13886 13886 44337 34776 9561 20943 3736 17207 3599 3599 4311 4311 3047 3047 2650421 2512756 64318 73347 4931514 4510390 856965 592576 50750 17591 35443 35295 5874672 5155852 110100 294977 900 900 111000 295877 X 550737 1250583 5212935 3609392 5763672 4859975 5874672 5155852 -903697 0 X 0 1 X 1 0 X 1738870 1082648 3315797 6838642 1680776 14656733 1738870 1082648 3315797 6838642 1680776 14656733 5816068 8840665 233 174 866 99411 204245 304929 14961662 0.59090 0.57480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SBA LOAN 900 900 X 1885021 138297 138297 1746724 0 1746724 2788718 138297 138297 2650421 0 2650421 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024 AND 2023, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 138,297. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 138,297. 1 0 0 0 0 0 0 0 0 0 SOUTH ASIA - INDIA PROGRAM SERVICES 1762756 WIRE TRANSFER 0 EUROPE - UNITED KINGDOM PROGRAM SERVICES 750000 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2: GRANTS ARE SENT TO PARENT ORGANIZATION MAGIC BUS INDIA TO CONDUCT PROGRAM SERVICES FOR UNDER PRIVILEGED KIDS GALA'S 334636 230299 104337 147213 95421 334636 230299 104337 147213 95421 242634 -138297 X AUCTION ITEMS 8 189000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THIS FORM 990 WILL BE PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY BY ELECTRONIC TRANSMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS BEING FOLLOWED AS PER THE BYLAWS AND ANY POSSIBLE EVENT IS BEING DISCUSSED AMONG MEMBERS OF THE GOVERNING BODY AS PER THE ENTITY'S BYELAWS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST.