Magnolia Christian School
- Assets
- $1.6m
- Revenue
- $800.5k
- Investments
- $0.0
- Employees
- 45
- Location
- Deland, FL
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 38-4043496
Organization Overview
Magnolia Christian School is located in Deland, FL. The organization was established in 2019. 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 06/2023, Magnolia Christian School employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Christian 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 06/2023, Magnolia Christian School generated $800.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $716.6k during the year ending 06/2023. While expenses have increased by 24.4% per year over the past 5 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
MAGNOLIA CHRISTIAN SCHOOL SEEKS TO GLORIFY GOD AND ADVANCE HIS KINGDOM BY SUCCESSFULLY EDUCATING AND EDIFYING ITS STUDENTS TOWARD ACADEMIC EXCELLENCE WHILE FOSTERING SPIRITUAL MATURITY, EMOTIONAL WISDOM, AND THE EQUIPPING OF PARENTS IN THEIR ROLE AS PRIMARY EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGNOLIA CHRISTIAN SCHOOL SERVED OVER 225 STUDENTS ENCOMPASSING 90 FAMILIES DURING THE 2022-2023 SCHOOL YEAR BY PROVIDING COMPREHENSIVE CLASSROOM INSTRUCTION TWO DAYS A WEEK, INCLUDING EXTRACURRICULAR CLASSES SUCH AS MUSIC AND ART, PROVIDED MATERIALS AND SERVICES TO HELP PARENTS MAINTAIN A GRADE-LEVEL PORTFOLIO, AND CREATED A CLOSE COMMUNITY OF STUDENTS AND PARENTS. THE SCHOOL IS NOW ACCREDITED THROUGH RELIGIOUS EXEMPTION FOR THEIR LOWER SCHOOL THROUGH ACSI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Horstmeyer Officer | Officer | 0.25 | $0 |
Paige Stone Officer | Officer | 0.25 | $0 |
Katie Gardner Secretary | Officer | 40 | $0 |
Sarah Gill President | Officer | 40 | $0 |
Bryan Buckman Treasurer | Officer | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $800,306 |
| Investment income | $195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,501 |
| 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. | $121,453 |
| Compensation of current officers, directors, key employees. | $121,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,718 |
| 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 | $5,147 |
| Advertising and promotion | $0 |
| Office expenses | $22,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,068 |
| Travel | $2,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,442 |
| Insurance | $10,128 |
| All other expenses | $102,540 |
| Total functional expenses | $716,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,045,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,561,069 |
| Accounts payable and accrued expenses | $4,125 |
| 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 | $697,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $701,938 |
| 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 | $859,131 |
| Total liabilities and net assets/fund balances | $1,561,069 |