Civic Intelligence

Magellan Charter School

990 • Fiscal year 2017 • EIN 56-2019202

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 31, 2018

Organization ProfileWWW.MAGELLANCHARTER.ORG

View Organization Page

9324 Baileywick RoadRaleigh, NC 27615

(919) 844-0277

Siviq Scores

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

Liabilities / Assets

76th percentile

0.40x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$825,235

Down $20,764 (-2.5%) from 2016

Net Assets

Down

$492,893

Down $41,781 (-7.8%) from 2016

Liabilities

Up

$332,342

Up $21,017 (+6.8%) from 2016

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin40th percentile

Revenue

Up

$3,573,572

Up $88,752 (+2.5%) from 2016

Expenses

Up

$3,569,353

Up $75,297 (+2.2%) from 2016

Net Income

Up

$4,219

Up $13,455 (+146%) from 2016

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2011: $1,048,381Liabilities 2011: $260,330Net Assets 2011: $788,0512011Assets 2012: $996,726Liabilities 2012: $264,187Net Assets 2012: $732,5392012Assets 2013: $975,327Liabilities 2013: $277,846Net Assets 2013: $697,4812013Assets 2014: $917,984Liabilities 2014: $277,226Net Assets 2014: $640,7582014Assets 2015: $919,716Liabilities 2015: $283,806Net Assets 2015: $635,9102015Assets 2016: $845,999Liabilities 2016: $311,325Net Assets 2016: $534,6742016Assets 2017: $825,235Liabilities 2017: $332,342Net Assets 2017: $492,8932017Assets 2018: $790,981Liabilities 2018: $344,965Net Assets 2018: $446,0162018Assets 2019: $894,556Liabilities 2019: $379,130Net Assets 2019: $515,4262019Assets 2020: $1,158,898Liabilities 2020: $390,322Net Assets 2020: $768,5762020Assets 2021: $1,143,819Liabilities 2021: $393,090Net Assets 2021: $750,7292021Assets 2022: $1,092,499Liabilities 2022: $426,614Net Assets 2022: $665,8852022Assets 2023: $1,162,619Liabilities 2023: $446,902Net Assets 2023: $715,7172023Assets 2024: $1,293,530Liabilities 2024: $502,884Net Assets 2024: $790,6462024Assets 2025: $899,597Liabilities 2025: $506,017Net Assets 2025: $393,5802025

Highlighted filing

2017

Assets$825,235
Liabilities$332,342
Net Assets$492,893
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,231,316Expenses 2011: $3,328,162Net Income 2011: -$96,8462011Revenue 2012: $3,245,877Expenses 2012: $3,301,389Net Income 2012: -$55,5122012Revenue 2013: $3,258,656Expenses 2013: $3,293,714Net Income 2013: -$35,0582013Revenue 2014: $3,236,724Expenses 2014: $3,247,447Net Income 2014: -$10,7232014Revenue 2015: $3,294,373Expenses 2015: $3,299,221Net Income 2015: -$4,8482015Revenue 2016: $3,484,820Expenses 2016: $3,494,056Net Income 2016: -$9,2362016Revenue 2017: $3,573,572Expenses 2017: $3,569,353Net Income 2017: $4,2192017Revenue 2018: $3,699,223Expenses 2018: $3,700,100Net Income 2018: -$8772018Revenue 2019: $3,946,723Expenses 2019: $3,877,313Net Income 2019: $69,4102019Revenue 2020: $4,170,250Expenses 2020: $3,917,100Net Income 2020: $253,1502020Revenue 2021: $4,122,658Expenses 2021: $4,140,505Net Income 2021: -$17,8472021Revenue 2022: $4,568,279Expenses 2022: $4,653,123Net Income 2022: -$84,8442022Revenue 2023: $4,643,049Expenses 2023: $4,593,217Net Income 2023: $49,8322023Revenue 2024: $4,896,301Expenses 2024: $4,821,372Net Income 2024: $74,9292024Revenue 2025: $5,135,776Expenses 2025: $5,532,842Net Income 2025: -$397,0662025

Highlighted filing

2017

Revenue$3,573,572
Expenses$3,569,353
Net Income$4,219
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 31, 2018
Return Version
2016v3.1
Gross Receipts
$3,573,572
Mission and Program Overview

Mission

The mission of the magellan charter school is to provide a challenging intellectual journey for highly motivated students in grades 3-8.

To provide a challenging intellectual journey for highly motivated students and establish a model academic community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$629,891$608,046▼ $21,845
Rtn Earn Endowment Incm Other Fnds$534,674$492,893▼ $41,781
Cash and Non-Interest-Bearing Accounts$112,110$165,583▲ $53,473
Prepaid Expenses and Deferred Charges$92,000$46,000▼ $46,000
Land, Buildings, and Equipment, Net$11,998$5,606▼ $6,392
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$845,999$825,235▼ $20,764
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$311,325$332,342▲ $21,017
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$311,325$332,342▲ $21,017
Net Assets / Fund Balance
Total Net Assets Fund Balance$534,674$492,893▼ $41,781
Total Liabilities and Net Assets / Fund Balance$845,999$825,235▼ $20,764

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,606$154,807$160,413
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary GriffinAdministrator (non-voting)FT$92,500$11,962$104,462
Gina B RigginsController (non-voting)FT$66,465$10,413$76,878

Board Members and Trustees

NameTitle
Mallory UnderwoodBoard Chair
Chris AhnVice Chair
Amanda MonvilleBoard Member
David MillsBoard Member
Jay BowmanBoard Member
Jessica OehlrichBoard Member
Marcia DavisBoard Member
Richard KennedyBoard Member
Tate BombardBoard Member
Mike LotterhosBoard Treasurer
Allison PulleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,567,396
Program Service Revenue
$0
Investment Income
$6,176
Other Revenue
$0
All Other Contributions
$89,632
Change in Net Assets
$4,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,573,572
Revenue Not Reported on Form 990
$60,022
Total Revenue per Audited Statements
$3,633,594
Total Revenue per Form 990
$3,573,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,622,245
Other Expenses$947,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,599,560$401,304-$2,000,864
Occupancy$317,938$35,325-$353,263
All Other Expenses$161,035$39,341-$200,376
Other Employee Benefits$142,304$47,435-$189,739
Payroll Taxes$142,357$35,717-$178,074
Current Officers, Directors, Trustees, and Key Employees$92,500$66,465-$158,965
Pension Plan Contributions$77,035$17,568-$94,603
Other Expenses$79,130$6,467-$85,597
Insurance-$23,368-$23,368
Fees for Services Accounting-$15,723-$15,723
Depreciation Depletion$4,474$1,918-$6,392
Office Expenses-$2,346-$2,346
Total Functional Expenses$2,839,138$730,215$0$3,569,353

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,569,353
Expenses per Audited Statements$3,516,402
Total Expenses per Audited Statements$3,516,402
Expenses Not Reported on Financial Statements$52,951
Other Expense Adjustments$52,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
Magellan Charter School
EIN
56-2019202
In Care Of
% GINA RIGGINS
Address
9324 BAILEYWICK ROAD, RALEIGH, NC 27615

Signing Officer

Name
Mike Lotterhos
Title
Board Treasurer
Phone
9198440277
Signed
2018-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary C Griffin Administrator
Formed
1997
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
60
Volunteers
100

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Wm James Black Jr
Phone
9197878212
Supplemental Narrative

Additional Explanations

Conflict of Interest Policy

“Board members complete an annual disclosure statement”

Providing Form 990 to Members of Governing Body

“A copy of form 990 is made available for review to all board members via email.”

Information Made Available to Public

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990 Part XI Line 10 Other Changes

“Change in deferred revenue was not properly accounted for on prior year balance sheet. No changes to prior year activity, this is a reconciling adjustment between the consolidated entities.”

Financial Statement Notes

Revenue Reconciliation With Audited Financials

“Audited financials include revenue and expense for magellan education foundation, which is reported separately for tax purposes. Additionally, financial (non-transfer) transactions between the entities are eliminated in consolidated financial statements. Total adjustments to revenue after eliminations for magellan education foundation: $60,022.”

Expense Reconciliation With Audited Financials

“Audited financials include expense for magellan education foundation, which is reported separately for tax purposes. Additionally, financial (non-transfer) transactions between the entities are eliminated in consolidated financial statements. Total adjustments to expense after eliminations for magellan education foundation: $(52,951).”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONTROLLER (NON-VOTING)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt03477764
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt023368
IRS990/InsuranceGrp/TotalAmt023368
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt06176
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06176
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0154807
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011998
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05606
IRS990/LandBldgEquipCostOrOtherBssAmt0160413
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE MAGELLAN CHARTER SCHOOL IS TO PROVIDE A CHALLENGING INTELLECTUAL JOURNEY FOR HIGHLY MOTIVATED STUDENTS IN GRADES 3-8.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0534674
IRS990/NetAssetsOrFundBalancesEOYAmt0492893
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt035325
IRS990/OccupancyGrp/ProgramServicesAmt0317938
IRS990/OccupancyGrp/TotalAmt0353263
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02346
IRS990/OfficeExpensesGrp/TotalAmt02346
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-46000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt047435
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0142304
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0189739
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3NON-CAP EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21529
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36467
IRS990/OtherExpensesGrp/ProgramServicesAmt0203085
IRS990/OtherExpensesGrp/ProgramServicesAmt119720
IRS990/OtherExpensesGrp/ProgramServicesAmt279130
IRS990/OtherExpensesGrp/TotalAmt0229442
IRS990/OtherExpensesGrp/TotalAmt129072
IRS990/OtherExpensesGrp/TotalAmt21529
IRS990/OtherExpensesGrp/TotalAmt385597
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0401304
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01599560
IRS990/OtherSalariesAndWagesGrp/TotalAmt02000864
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035717
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142357
IRS990/PayrollTaxesGrp/TotalAmt0178074
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017568
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt077035
IRS990/PensionPlanContributionsGrp/TotalAmt094603
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt092000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046000
IRS990/PrincipalOfficerNm0MARY C GRIFFIN ADMINISTRATOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03480174
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04646
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0953802
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-9236
IRS990/PYSalariesCompEmpBnftPaidAmt02540254
IRS990/PYTotalExpensesAmt03494056
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03484820
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04219
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0534674
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0492893
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0629891
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0608046
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154807
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0160413
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt052951
IRS990ScheduleD/ExpensesSubtotalAmt03516402
IRS990ScheduleD/OtherExpensesNotIncludedAmt052951
IRS990ScheduleD/OtherRevenueAmt060022
IRS990ScheduleD/RevenueNotReportedAmt060022
IRS990ScheduleD/RevenueSubtotalAmt03573572
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AUDITED FINANCIALS INCLUDE REVENUE AND EXPENSE FOR MAGELLAN EDUCATION FOUNDATION, WHICH IS REPORTED SEPARATELY FOR TAX PURPOSES. ADDITIONALLY, FINANCIAL (NON-TRANSFER) TRANSACTIONS BETWEEN THE ENTITIES ARE ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS. TOTAL ADJUSTMENTS TO REVENUE AFTER ELIMINATIONS FOR MAGELLAN EDUCATION FOUNDATION: $60,022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AUDITED FINANCIALS INCLUDE EXPENSE FOR MAGELLAN EDUCATION FOUNDATION, WHICH IS REPORTED SEPARATELY FOR TAX PURPOSES. ADDITIONALLY, FINANCIAL (NON-TRANSFER) TRANSACTIONS BETWEEN THE ENTITIES ARE ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS. TOTAL ADJUSTMENTS TO EXPENSE AFTER ELIMINATIONS FOR MAGELLAN EDUCATION FOUNDATION: $(52,951).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0REVENUE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPENSE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05606
IRS990ScheduleD/TotalExpensesPerForm990Amt03569353

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$825,235
Liabilities
$332,342
Net assets
$492,893
Revenue
$3,573,572
Expenses
$3,569,353
Net income
$4,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.90$0.51$0.39$5.14$5.53$0.40
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.50$0.79$4.90$4.82$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.45$0.72$4.64$4.59$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.43$0.67$4.57$4.65$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.39$0.75$4.12$4.14$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.39$0.77$4.17$3.92$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.38$0.52$3.95$3.88$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.34$0.45$3.70$3.70$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.33$0.49$3.57$3.57$0.00
2016Summary only. Only limited summary data is available for this year.$0.85$0.31$0.53$3.48$3.49$0.01
2015Summary only. Only limited summary data is available for this year.$0.92$0.28$0.64$3.29$3.30$0.00
2014Summary only. Only limited summary data is available for this year.$0.92$0.28$0.64$3.24$3.25$0.01
2013Summary only. Only limited summary data is available for this year.$0.98$0.28$0.70$3.26$3.29$0.04
2012Summary only. Only limited summary data is available for this year.$1.00$0.26$0.73$3.25$3.30$0.06
2011Summary only. Only limited summary data is available for this year.$1.05$0.26$0.79$3.23$3.33$0.10