Civic Intelligence

Magnolia Montessori School

990 • Fiscal year 2020 • EIN 46-5113096

Jun 01, 2019 to May 31, 2020 • Filed on Oct 08, 2020

Organization ProfileN/A
PO Box 2700Oxford, MS 38655

(662) 234-0344

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.49x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.17x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-18%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

29th percentile

-8.6%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

-1.9%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$124,523

Down $11,728 (-8.6%) from 2019

Net Assets

Down

$63,647

Down $66,955 (-51%) from 2019

Liabilities

Up

$60,876

Up $55,227 (+978%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin22nd percentile

Revenue

Down

$363,849

Down $7,077 (-1.9%) from 2019

Expenses

Up

$430,804

Up $27,688 (+6.9%) from 2019

Net Income

Down

-$66,955

Down $34,765 (-108%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2015: $76,444Liabilities 2015: $5,874Net Assets 2015: $70,5702015Assets 2016: $101,600Liabilities 2016: $5,590Net Assets 2016: $96,0102016Assets 2017: $155,108Liabilities 2017: $4,818Net Assets 2017: $150,2902017Assets 2018: $167,652Liabilities 2018: $4,860Net Assets 2018: $162,7922018Assets 2019: $136,251Liabilities 2019: $5,649Net Assets 2019: $130,6022019Assets 2020: $124,523Liabilities 2020: $60,876Net Assets 2020: $63,6472020Assets 2021: $225,091Liabilities 2021: $18,969Net Assets 2021: $206,1222021Assets 2022: $359,870Liabilities 2022: $23,280Net Assets 2022: $336,5902022Assets 2023: $797,712Liabilities 2023: $405,330Net Assets 2023: $392,3822023Assets 2024: $700,842Liabilities 2024: $374,688Net Assets 2024: $326,1542024

Highlighted filing

2020

Assets$124,523
Liabilities$60,876
Net Assets$63,647
Open 2020 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $309,131Expenses 2015: $256,429Net Income 2015: $52,7022015Revenue 2016: $335,047Expenses 2016: $309,607Net Income 2016: $25,4402016Revenue 2017: $373,785Expenses 2017: $319,505Net Income 2017: $54,2802017Revenue 2018: $370,915Expenses 2018: $358,413Net Income 2018: $12,5022018Revenue 2019: $370,926Expenses 2019: $403,116Net Income 2019: -$32,1902019Revenue 2020: $363,849Expenses 2020: $430,804Net Income 2020: -$66,9552020Revenue 2021: $644,364Expenses 2021: $501,889Net Income 2021: $142,4752021Revenue 2022: $692,671Expenses 2022: $562,203Net Income 2022: $130,4682022Revenue 2023: $752,589Expenses 2023: $696,797Net Income 2023: $55,7922023Revenue 2024: $748,492Expenses 2024: $814,720Net Income 2024: -$66,2282024

Highlighted filing

2020

Revenue$363,849
Expenses$430,804
Net Income-$66,955
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Oct 8, 2020
Return Version
2019v5.0
Gross Receipts
$363,849
Mission and Program Overview

Mission

The organization's mission is to operate a non-profit educational institution incorporating the Montessori method of instruction for children, including a child care center, and a primary, elementary and junior high school with educational, social, intellectual and recreational training and instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,730$119,037▼ $8,693
Land, Buildings, and Equipment, Net$5,706$3,995▼ $1,711
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$136,251$124,523▼ $11,728
Other Assets Total$2,815$1,491▼ $1,324
Liabilities
Other Liabilities$1$60,100▲ $60,099
Accounts Payable and Accrued Expenses$5,648$776▼ $4,872
Total Liabilities$5,649$60,876▲ $55,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$130,602$63,647▼ $66,955
Total Net Assets Fund Balance$130,602$63,647▼ $66,955
Total Liabilities and Net Assets / Fund Balance$136,251$124,523▼ $11,728

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,995$13,980$17,975
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Praveen PanickarPresident
Meaghin BurkeVice President
Kate BishopSecretary
Diana CareTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,466
Program Service Revenue
$357,383
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,466
Change in Net Assets
$-66,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$313,948
Other Expenses$116,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$291,256--$291,256
Occupancy$38,500--$38,500
Payroll Taxes$22,692--$22,692
All Other Expenses$11,523--$11,523
Other Expenses$7,708--$7,708
Insurance$6,850--$6,850
Fees for Services Accounting$6,766--$6,766
Office Expenses$1,935--$1,935
Depreciation Depletion$1,711--$1,711
Advertising$41--$41
Total Functional Expenses$430,804$0$0$430,804
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - PPP$60,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization's chairman and/or other select board members review Form 990 before signing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Magnolia Montessori School
EIN
46-5113096
Phone
6622340344
Address
PO Box 2700, Oxford, MS 38655

Signing Officer

Name
Diana Care
Title
Treasurer
Signed
2020-10-08
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
24

Preparer

Firm
Devoe Carr PLLC
Address
1420 N Lamar Blvd Ste 100, Oxford, MS 38655
Preparer
Phillip A Carr CPA
Phone
6622340703
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0124523
IRS990/TotalAssetsGrp/BOYAmt0136251
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06466
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0430804
IRS990/TotalFunctionalExpensesGrp/TotalAmt0430804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05649
IRS990/TotalLiabilitiesEOYAmt060876
IRS990/TotalLiabilitiesGrp/BOYAmt05649
IRS990/TotalLiabilitiesGrp/EOYAmt060876
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0130602
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt063647
IRS990/TotalProgramServiceExpensesAmt0430804
IRS990/TotalProgramServiceRevenueAmt0357383
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0357383
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363849
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136251
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0124523
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 2700
IRS990/USAddress/CityNm0Oxford
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038655
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Diana Care
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magnolia Montessori School
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0465113096
ReturnHeader/Filer/PhoneNum06622340344
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2700
ReturnHeader/Filer/USAddress/CityNm0Oxford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038655
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274268675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Devoe Carr PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01420 N Lamar Blvd Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oxford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038655
ReturnHeader/PreparerPersonGrp/PhoneNum06622340703
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Phillip A Carr CPA
ReturnHeader/ReturnTs02020-10-08T13:51:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,523
Liabilities
$60,876
Net assets
$63,647
Revenue
$363,849
Expenses
$430,804
Net income
-$66,955
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.01$3.75$3.26$7.48$8.15$0.66
2023Detailed filing. Detailed filing data is available for this year.$7.98$4.05$3.92$7.53$6.97$0.56
2022Detailed filing. Detailed filing data is available for this year.$3.60$0.23$3.37$6.93$5.62$1.30
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.19$2.06$6.44$5.02$1.42
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.61$0.64$3.64$4.31$0.67
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.06$1.31$3.71$4.03$0.32
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.05$1.63$3.71$3.58$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$3.74$3.20$0.54
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.06$0.96$3.35$3.10$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.06$0.71$3.09$2.56$0.53