Military Magnet School Foundation
- Assets
- $284.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 16-1622538
Organization Overview
Military Magnet School Foundation is located in North Charleston, SC. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Military Magnet School Foundation 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 12/2021, Military Magnet School Foundation generated $38.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $24.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PREPARE STUDENTS TO BECOME COMPETENT,DISCIPLINED,AND RESPONSIBLE CITIZENS.
TO PREPARE STUDENTS TO BECOME COMPETENT,DISCIPLINED,AND RESPONSIBLE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Snowden President | 1 | $0 | |
Victoria Montgomery Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,120 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $144 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,264 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50 |
| Occupancy, rent, utilities, and maintenance | $1,405 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,001 |
| Total expenses | $24,456 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $284,189 |
| Other assets | $0 |
| Total assets | $284,189 |
| Total liabilities | $0 |
| Net assets or fund balances | $284,189 |
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