The Magnolia School Inc
- Assets
- $633.2k
- Revenue
- $554.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Tallahassee, FL
- Founding
- 09/1996
- Data as of
- 06/2024
- 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 06/2024, Magnolia School Inc employed 14 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 06/2024, Magnolia School Inc generated $554.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $546.4k during the year ending 06/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE OPERATIION OF A PRIVATE NONPROFIT ELEMENTARY AND MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS APPROXIMATELY 60 STUDENTS RANGING FROM KINDERGARTEN THROUGH 8TH GRADE. THE ORGANIZATION PROVIDES EDUCATION TO STUDENTS IN SEVERAL STUDY AREAS, INCLUDING READING, MATH, SCIENCE, TECHNOLOGY AND A VARIETY OF OTHER AREAS. THE ORGANIZATION ALSO PROVIDES ADDITIONAL INSTRUCTION BY TUTORING STUDENTS WHEN NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Sinnadurai Executive Di | Trustee | 40 | $52,136 |
Joshua Barber Board Member | Trustee | 1 | $0 |
Ivory Council Board Member | Trustee | 1 | $0 |
Heather Fisher Treasurer | OfficerTrustee | 1 | $0 |
Heather Fuselier Secretary | OfficerTrustee | 1 | $0 |
Kelly Griffin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,658 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,911 |
| Total Program Service Revenue | $525,908 |
| Investment income | $3,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,479 |
| 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. | $52,136 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,740 |
| Payroll taxes | $3,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $580 |
| Advertising and promotion | $150 |
| Office expenses | $14,214 |
| Information technology | $6,941 |
| Royalties | $0 |
| Occupancy | $24,087 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,230 |
| Interest | $10,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,649 |
| Insurance | $25,312 |
| All other expenses | $3,053 |
| Total functional expenses | $546,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,472 |
| Savings and temporary cash investments | $174,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,424 |
| 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 | $352,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,788 |
| Total assets | $633,191 |
| Accounts payable and accrued expenses | $3,210 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,752 |
| Total liabilities | $229,962 |
| Net assets without donor restrictions | $356,193 |
| Net assets with donor restrictions | $47,036 |
| 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 | $633,191 |