Magellan School
- Assets
- $6.7m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 177
- Location
- Austin, TX
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 26-3167197
Organization Overview
Magellan School is located in Austin, TX. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Magellan School employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magellan School 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 06/2022, Magellan School generated $11.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE CHILDREN TO BECOME GLOBAL CITIZENS OF THE 21ST CENTURY. TO PROVIDE THEM WITH THE KNOWLEDGE, SKILLS AND VALUES NEEDED TO NAVIGATE THROUGH AN INCREASINGLY COMPETITIVE, MULTILINGUAL AND MULTICULTUIRAL WORLD. IN AN INCREASINGLY COMPETITIVE WORLD AND TO CHAMPION SUSTAINABILITY AND UNDERSTANDING, WE ARE A UNITED COMMUNITY OF DIFFERENT CULTURES COMMITTED TO WORLD-CLASS EDUCATION AND LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAGELLAN INTERNATIONAL SCHOOL IMPLEMENTS THE INTERNATIONAL BACCALAUREATE (IB) CURRICULUM, A WORLD-RENOWNED INTERNATIONAL, MULTIDISCIPLINARY PROGRAM OF EDUCATION DESIGNED TO FOSTER THE DEVELOPMENT OF THE WHOLE PERSON THROUGH AN EMPHASIS ON INTELLECTUAL, PERSONAL, EMOTIONAL AND SOCIAL GROWTH. IN ADDITION, THE SCHOOL HAS DEVELOPED A SCOPE & SEQUENCE BASED ON LOCAL, NATIONAL, AND INTERNATIONAL EDUCATIONAL GUIDELINES IN SCIENCE, MATH, HUMANITIES AND THE ARTS. TAUGHT IN ENGLISH, SPANISH AND MANDARIN, THIS PROGRAM BOTH NURTURES AND CHALLENGES ITS STUDENTS, PREPARING THEM TO BE ACTIVE PARTICIPANTS IN A LIFELONG JOURNEY OF LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Vanderveen President | OfficerTrustee | 10 | $0 |
Karee Jones Vice President | OfficerTrustee | 3 | $0 |
Teri Taylor Secretary | OfficerTrustee | 2 | $0 |
Bjorn Billhardt Treasurer | OfficerTrustee | 10 | $0 |
Scott Francis Member | Trustee | 1 | $0 |
Erin Defosse Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $586,456 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,896 |
| Noncash contributions included in lines 1a–1f | $71,366 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $920,352 |
| Total Program Service Revenue | $10,464,866 |
| Investment income | $9,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,835 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$114,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,356,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $769,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,198 |
| Compensation of current officers, directors, key employees. | $121,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,581,177 |
| Pension plan accruals and contributions | $77,303 |
| Other employee benefits | $540,116 |
| Payroll taxes | $438,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,206 |
| Fees for services: Accounting | $27,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,395 |
| Advertising and promotion | $34,470 |
| Office expenses | $0 |
| Information technology | $66,026 |
| Royalties | $0 |
| Occupancy | $1,975,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,845 |
| Insurance | $44,528 |
| All other expenses | $42,562 |
| Total functional expenses | $10,985,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,602 |
| Savings and temporary cash investments | $4,734,419 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $13,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $233,490 |
| Net Land, buildings, and equipment | $1,368,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $6,729,174 |
| Accounts payable and accrued expenses | $209,185 |
| Grants payable | $0 |
| Deferred revenue | $2,868,904 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300 |
| Total liabilities | $3,078,389 |
| Net assets without donor restrictions | $3,362,246 |
| Net assets with donor restrictions | $288,539 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,729,174 |