Magnolia Heights School Inc
- Assets
- $17.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 149
- Location
- Senatobia, MS
- Founding
- 08/2003
- Data as of
- 07/2023
- EIN
- 11-3648423
Organization Overview
Magnolia Heights School Inc is located in Senatobia, MS. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Magnolia Heights School Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Heights School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Magnolia Heights School Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $6.1m during the year ending 07/2023. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE PREPARATORY SCHOOL FOR GRADES K - 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A COLLEGE PREPARATORY SCHOOL WIHICH EDUCATES THE WHOLE STUDENT - ACADEMICALLY, MORALLY, PHYSICALLY AND SPIRTUALLY. THIS EDUCATION IS PROVIDED TO APPROXIMATELY 600 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cliff Johnston Headmaster / | Officer | 40 | $142,216 |
William Alford President | OfficerTrustee | $0 | |
Thurman Caldwell Vice Preside | OfficerTrustee | $0 | |
Michael Cooper Director | Trustee | $0 | |
Jay Hale Director | Trustee | $0 | |
Marcia Kidder Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,576,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,576,119 |
| Total Program Service Revenue | $5,326,986 |
| Investment income | $77,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,977,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,216 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,286,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $249,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,234 |
| Advertising and promotion | $15,989 |
| Office expenses | $14,881 |
| Information technology | $79,651 |
| Royalties | $0 |
| Occupancy | $70,000 |
| Travel | $11,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $646,208 |
| Insurance | $234,447 |
| All other expenses | $502,984 |
| Total functional expenses | $6,137,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039 |
| Savings and temporary cash investments | $3,853,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $583,088 |
| Inventories for sale or use | $500 |
| Prepaid expenses and deferred charges | $54,214 |
| Net Land, buildings, and equipment | $12,018,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $536,220 |
| Total assets | $17,141,693 |
| Accounts payable and accrued expenses | $84,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,958,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,555,221 |
| Total liabilities | $7,598,923 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,542,770 |
| Total liabilities and net assets/fund balances | $17,141,693 |