Civic Intelligence

Magellan Charter School

990 • Fiscal year 2018 • EIN 56-2019202

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 15, 2019

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

78th percentile

0.44x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

39th percentile

-0.0%

Higher net margin than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

27th percentile

-4.2%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$790,981

Down $34,254 (-4.2%) from 2017

Net Assets

Down

$446,016

Down $46,877 (-9.5%) from 2017

Liabilities

Up

$344,965

Up $12,623 (+3.8%) from 2017

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin39th percentile

Revenue

Up

$3,699,223

Up $125,651 (+3.5%) from 2017

Expenses

Up

$3,700,100

Up $130,747 (+3.7%) from 2017

Net Income

Down

-$877

Down $5,096 (-121%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

2018

Assets$790,981
Liabilities$344,965
Net Assets$446,016
Open 2018 Filing

Operations Trend

Revenue Growth49th percentile

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

2018

Revenue$3,699,223
Expenses$3,700,100
Net Income-$877
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$3,699,223
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$608,046$613,854▲ $5,808
Rtn Earn Endowment Incm Other Fnds$492,893$446,016▼ $46,877
Cash and Non-Interest-Bearing Accounts$165,583$174,326▲ $8,743
Prepaid Expenses and Deferred Charges$46,000$0▼ $46,000
Land, Buildings, and Equipment, Net$5,606$2,801▼ $2,805
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$825,235$790,981▼ $34,254
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$332,342$344,965▲ $12,623
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$332,342$344,965▲ $12,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$492,893$446,016▼ $46,877
Total Liabilities and Net Assets / Fund Balance$825,235$790,981▼ $34,254

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,801$146,248$149,049
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary GriffinAdministrator (non-voting)FT$95,024$11,070$106,094
Gina B RigginsController (non-voting)FT$73,051$9,972$83,023

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$3,693,126
Program Service Revenue
$0
Investment Income
$6,097
Other Revenue
$0
All Other Contributions
$95,137
Change in Net Assets
$-877

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,699,223
Revenue Not Reported on Form 990
$59,859
Total Revenue per Audited Statements
$3,759,082
Total Revenue per Form 990
$3,699,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,804,028
Other Expenses$896,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,672,626$453,621-$2,126,247
Occupancy$314,100$34,900-$349,000
All Other Expenses$181,912$42,355-$224,267
Other Employee Benefits$153,000$51,000-$204,000
Payroll Taxes$151,255$40,523-$191,778
Current Officers, Directors, Trustees, and Key Employees$95,024$73,051-$168,075
Pension Plan Contributions$95,247$18,681-$113,928
Other Expenses$27,335$1,813-$27,335
Insurance-$20,461-$20,461
Fees for Services Accounting-$15,800-$15,800
Depreciation Depletion$1,963$842-$2,805
Office Expenses-$2,455-$2,455
Total Functional Expenses$2,900,361$799,739$0$3,700,100

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,700,100
Expenses per Audited Statements$3,639,363
Total Expenses per Audited Statements$3,639,363
Expenses Not Reported on Financial Statements$60,737
Other Expense Adjustments$60,737
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
Yes
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
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary C Griffin Administrator
Formed
1997
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
68
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: $59,859 .”

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: $(60,737 ).”

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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03699223
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt020461
IRS990/InsuranceGrp/TotalAmt020461
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt06097
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06097
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0146248
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05606
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02801
IRS990/LandBldgEquipCostOrOtherBssAmt0149049
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/NetAssetsOrFundBalancesBOYAmt0492893
IRS990/NetAssetsOrFundBalancesEOYAmt0446016
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt034900
IRS990/OccupancyGrp/ProgramServicesAmt0314100
IRS990/OccupancyGrp/TotalAmt0349000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02455
IRS990/OfficeExpensesGrp/TotalAmt02455
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-46000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0153000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0204000
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3NON-CAPITALIZED EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022317
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121920
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21813
IRS990/OtherExpensesGrp/ProgramServicesAmt0191299
IRS990/OtherExpensesGrp/ProgramServicesAmt116600
IRS990/OtherExpensesGrp/ProgramServicesAmt227335
IRS990/OtherExpensesGrp/TotalAmt0213616
IRS990/OtherExpensesGrp/TotalAmt138520
IRS990/OtherExpensesGrp/TotalAmt21813
IRS990/OtherExpensesGrp/TotalAmt327335
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0453621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01672626
IRS990/OtherSalariesAndWagesGrp/TotalAmt02126247
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040523
IRS990/PayrollTaxesGrp/ProgramServicesAmt0151255
IRS990/PayrollTaxesGrp/TotalAmt0191778
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018681
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt095247
IRS990/PensionPlanContributionsGrp/TotalAmt0113928
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MARY C GRIFFIN ADMINISTRATOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03567396
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06176
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0947108
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04219
IRS990/PYSalariesCompEmpBnftPaidAmt02622245
IRS990/PYTotalExpensesAmt03569353
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03573572
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-877
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/BOYAmt0492893
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0446016
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0608046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0613854
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02801
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146248
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149049
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt060737
IRS990ScheduleD/ExpensesSubtotalAmt03639363
IRS990ScheduleD/OtherExpensesNotIncludedAmt060737
IRS990ScheduleD/OtherRevenueAmt059859
IRS990ScheduleD/RevenueNotReportedAmt059859
IRS990ScheduleD/RevenueSubtotalAmt03699223
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: $59,859 .
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: $(60,737 ).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0REVENUE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPENSE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02801
IRS990ScheduleD/TotalExpensesPerForm990Amt03700100
IRS990ScheduleD/TotalRevenuePerForm990Amt03699223
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03759082
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03639363
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT OF NONDISCRIMINATION IS INCLUDED ON ALL WRITTEN COMMUNICATIONS TO THE PUBLIC DEALING WITH STUDENT ADMISSIONS, AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0NONDISCRIMINATION POLICY
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$790,981
Liabilities
$344,965
Net assets
$446,016
Revenue
$3,699,223
Expenses
$3,700,100
Net income
-$877
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