Magnolia Speech School For The Deaf
- Assets
- $20.5m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Madison, MS
- Founding
- 04/1958
- Data as of
- 06/2022
- EIN
- 64-0435317
Organization Overview
Magnolia Speech School For The Deaf is located in Madison, MS. The organization was established in 1958. As of 06/2022, Magnolia Speech School For The Deaf employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Speech School For The Deaf 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 Speech School For The Deaf generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 1.7% 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
TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGNOLIA SPEECH SCHOOL EXISTS TO TEACH CHILDREN WITH SIGNIFICANT COMMUNICATIVE DISORDERS, INCLUDING HEARING LOSS AND SEVERE LANGUAGE DISORDERS, TO LISTEN AND UNDERSTAND, TO SPEAK AND TO BE UNDERSTOOD AND TO READ WITH COMPREHENSION. THE GOAL OF THE SCHOOL IS TO PREPARE THESE STUDENTS TO REACH THEIR FULL POTENTIAL AND GRADUATE FROM THE PROGRAM TO MAINSTREAM SUCCESSFULLY INTO A MORE CONVENTIONAL EDUCATIONAL SETTING IN THEIR LOCAL SCHOOL DISTRICTS OR THEIR LOCAL NEIGHBORHOOD SCHOOL OF CHOICE. MAGNOLIA SPEECH SCHOOL OFFERS A LIFECHANGING CURRICULUM WITH SPECIFIC GOALS, CRITERION AND ACTIVITIES LISTED FOR OVER 2,500 SKILLS IN THE AREAS OF AUDITION, RECEPTIVE LANGUAGE, EXPRESSIVE LANGUAGE, SPEECH, READING, MATH, SOCIAL STUDIES, SCIENCE, THE ASSOCIATION METHOD, FINE MOTOR, GROSS MOTOR, SOCIAL INTERACTION AND AUDITORY PROCESSING. CLASSES CONTAIN NO MORE THAN 38 STUDENTS WITH A TEACHER AND AN ASSISTANT. SUPPORT SERVICES ARE OFFERED FOR AUDIOLOGY, SPEECH PATHOLOGY AND OCCUPATIONAL THERAPY AS NEEDED. IN ADDITION TO CLASSROOM INSTRUCTION, STUDENTS PARTICIPATE IN PHYSICAL EDUCATION AND MUSIC. EACH STUDENT HAS A SERVICE PLAN AS OUTLINED BY THE MS DEPARTMENT OF EDUCATION. OTHER SERVICES INCLUDE EVALUATION AND OUTPATIENT SERVICES IN THE HACKETT BOWER CLINIC AT MAGNOLIA SPEECH SCHOOL AND A STATEWIDE HOME BASED EARLY INTERVENTION PROGRAM FOR INFANTS AND TODDLERS WITH HEARING LOSS. THE SCHOOL SERVES CHILDREN THROUGHOUT MISSISSIPPI (MANY COMMUTE AND/OR RELOCATE FOR THESE UNIQUE, LIFECHANGING EDUCATIONAL SERVICES).MAGNOLIA SPEECH SCHOOL HAS EXTRAORDINARY SUCCESS IN TRANSITIONING CHILDREN WHO ARE DEAF, HARD OF HEARING AND LANGUAGED DISORDERED INTO REGULAR EDUCATION. RECORDS INDICATE THAT IN THE LAST 14 YEARS, THE SCHOOL HAS MAINSTREAMED 74% OF THE STUDENTS TO REGULAR CLASSES WITH 10% MORE RETURNING TO THEIR LOCAL SCHOOL DISTRICT WITH SOME RESOURCE HELP IN SPEECH AND/OR READING. AT MAGNOLIA SPEECH SCHOOL EVERY STUDENT'S PROGRESS IS TRACKED THROUGH CRITERION REFERENCED GOALS THAT ARE LISTED ON A SERVICE PLAN (SIMILAR TO AN IEP), BY ANNUAL FORMAL EVALUATIONS AND BY AN ANALYSIS OF ONGOING LANGUAGE SAMPLES. THE SCHOOL MAINTAINS AN ACCREDITED STATUS FROM THE MS DEPARTMENT OF EDUCATION AND THE ADVANCED NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Stringer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Dr Stephanie Henderson Board Chair | OfficerTrustee | 1 | $0 |
Scott Jones Vice-President/building/nominating Chair | OfficerTrustee | 1 | $0 |
Shannon Miller Secretary | OfficerTrustee | 1 | $0 |
Jimmy Robertson Personnel Chair | OfficerTrustee | 1 | $0 |
Dr Grace Sturdivant Development Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200,016 |
| Related organizations | $45,413 |
| Government grants | $1,130,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,360,163 |
| Noncash contributions included in lines 1a–1f | $542,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,736,413 |
| Total Program Service Revenue | $731,587 |
| Investment income | $73,352 |
| 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 | $6,541,352 |
| 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. | $75,251 |
| Compensation of current officers, directors, key employees. | $8,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,188,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,420 |
| Payroll taxes | $93,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,889 |
| Fees for services: Accounting | $32,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,701 |
| Fees for services: Other | $74,724 |
| Advertising and promotion | $0 |
| Office expenses | $41,489 |
| Information technology | $25,868 |
| Royalties | $0 |
| Occupancy | $137,291 |
| Travel | $9,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,657 |
| Interest | $351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,907 |
| Insurance | $26,262 |
| All other expenses | $0 |
| Total functional expenses | $2,184,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,808,693 |
| Savings and temporary cash investments | $1,334,073 |
| Pledges and grants receivable | $2,754,000 |
| Accounts receivable, net | $26,593 |
| 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 | $9,603 |
| Net Land, buildings, and equipment | $12,830,234 |
| Investments—publicly traded securities | $744,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,507,656 |
| Accounts payable and accrued expenses | $809,007 |
| Grants payable | $0 |
| Deferred revenue | $37,930 |
| 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 | $4,859,789 |
| Other liabilities | $0 |
| Total liabilities | $5,706,726 |
| Net assets without donor restrictions | $9,576,231 |
| Net assets with donor restrictions | $5,224,699 |
| 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 | $20,507,656 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Magnolia Speech School For The Deaf has recieved totaling $264,908.
| Awarding Organization | Amount |
|---|---|
His Way Inc Ridgeland, MS PURPOSE: GENERAL ASSISTANCE | $85,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: BUILDING HOPE PROGRAM | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $35,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: BUILDING HOPE PROGRAM | $25,000 |
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $24,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baton Rouge Speech And Hearing Foundation Inc Baton Rouge, LA | $10,396,345 | $13,040,134 |
Magnolia Speech School For The Deaf Madison, MS | $20,507,656 | $6,541,352 |
Mountain Region Speech And Hearing Center Kingsport, TN | $535,943 | $1,250,572 |
Relay Administration Board Baton Rouge, LA | $26,480,722 | $3,162,946 |
Clarksdale Speech & Hearing Clarksdale, MS | $43,785 | $147,276 |