The Magnolia School Inc
- Assets
- $271.2k
- Revenue
- $464.9k
- Investments
- $0.0
- Employees
- 16
- Location
- Tallahassee, FL
- Founding
- 09/1996
- Data as of
- 06/2022
- EIN
- 59-2841227
Organization Overview
The Magnolia School Inc is located in Tallahassee, FL. The organization was established in 1996. 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, Magnolia School Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia 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 06/2022, Magnolia School Inc generated $464.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $419.4k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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
THE OPERATION OF A PRIVATE ELEMENTARY AND MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS APPROXIMATELY 50 STUDENTS RANGING FROM KINDERGARTEN THROUGH 8TH GRADE. THE ORGANIZATION INSTRUCTS THE STUDENTS IN READING, MATH, SCIENCE, COMPUTERS AND A VARIETY OF OTHER AREAS. THE ORGANIZATION ALSO PROVIDES EXTRA INSTRUCTION BY TUTORING WHEN NEEDED BY THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Humphrey Board Member/director | OfficerTrustee | 1 | $47,463 |
Pam Maldonado Board Member | Trustee | 1 | $31,719 |
Carly Sinnadurai Board Member/director | OfficerTrustee | 3 | $0 |
Amanda Baumann Board Member | Trustee | 1 | $0 |
Heather Fisher Board Member | Trustee | 1 | $0 |
Jennifer Carver Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450 |
| Total Program Service Revenue | $464,462 |
| Investment income | $0 |
| 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 | $464,912 |
| 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. | $79,182 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,172 |
| Pension plan accruals and contributions | $7,758 |
| Other employee benefits | $7,930 |
| Payroll taxes | $21,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $3,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $323 |
| Fees for services: Other | $9,117 |
| Advertising and promotion | $0 |
| Office expenses | $4,866 |
| Information technology | $164 |
| Royalties | $0 |
| Occupancy | $24,740 |
| 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 | $5,636 |
| Insurance | $26,018 |
| All other expenses | $0 |
| Total functional expenses | $419,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,660 |
| Savings and temporary cash investments | $99,981 |
| 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 | $124,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,622 |
| Total assets | $271,228 |
| Accounts payable and accrued expenses | $2,701 |
| 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 | $26,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,133 |
| Total liabilities | $35,055 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $271,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Magnolia School Inc has recieved totaling $112.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Endowment Analysis
| Beg. Balance | $37,039 |
| Earnings | $4,751 |
| Admin Expense | $323 |
| Ending Balance | $41,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |