Civic Intelligence

Magellan Charter School

990 • Fiscal year 2022 • EIN 56-2019202

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 06, 2023

Organization ProfileWWW.MAGELLANCHARTERSCHOOL.ORG

View Organization Page

9324 Baileywick RdRaleigh, 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

0.39x

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.09x

Higher debt load relative to revenue than 53% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

28th percentile

-1.9%

Higher net margin than 28% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$104,835

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

33rd percentile

-4.5%

Faster asset growth than 33% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

11%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$1,092,499

Down $51,320 (-4.5%) from 2021

Net Assets

Down

$665,885

Down $84,844 (-11%) from 2021

Liabilities

Up

$426,614

Up $33,524 (+8.5%) from 2021

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin28th percentile

Revenue

Up

$4,568,279

Up $445,621 (+11%) from 2021

Expenses

Up

$4,653,123

Up $512,618 (+12%) from 2021

Net Income

Down

-$84,844

Down $66,997 (-375%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2022

Assets$1,092,499
Liabilities$426,614
Net Assets$665,885
Open 2022 Filing

Operations Trend

Revenue Growth53rd 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

2022

Revenue$4,568,279
Expenses$4,653,123
Net Income-$84,844
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 6, 2023
Return Version
2021v4.2
Gross Receipts
$4,568,279
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
Rtn Earn Endowment Incm Other Fnds$750,729$665,885▼ $84,844
Savings and Temporary Cash Investments$760,394$629,719▼ $130,675
Cash and Non-Interest-Bearing Accounts$342,554$407,067▲ $64,513
Accounts Receivable-$31,190-
Land, Buildings, and Equipment, Net$40,871$24,523▼ $16,348
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,143,819$1,092,499▼ $51,320
Liabilities
Accounts Payable and Accrued Expenses$393,090$426,614▲ $33,524
Total Liabilities$393,090$426,614▲ $33,524
Net Assets / Fund Balance
Total Net Assets Fund Balance$750,729$665,885▼ $84,844
Total Liabilities and Net Assets / Fund Balance$1,143,819$1,092,499▼ $51,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,523$145,591$170,114
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gina RigginsController (non-voting)FT$104,835$104,835
Sheryl ReganAsst Administrator (non-voting)FT$95,296$95,296
JESSICA O'DONOVANHead of School (non-voting)FT$58,510$58,510

Board Members and Trustees

NameTitle
Allison PulleyChair
DEIRDRE O'MALLEYBoard Member
Suzy AllaireBoard Member
Jessica OehlrichSecretary
Sean WittyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,433,594
Program Service Revenue
$0
Investment Income
$2,886
Other Revenue
$131,799
All Other Contributions
$89,246
Change in Net Assets
$-84,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,568,279
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$59,772
Total Revenue per Audited Statements
$4,628,051
Total Revenue per Form 990
$4,568,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,564,691
Other Expenses$1,088,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,172,151$552,028-$2,724,179
Occupancy$237,643$26,405-$264,048
Other Employee Benefits$212,488$41,054-$253,542
Current Officers, Directors, Trustees, and Key Employees$136,091$92,746-$228,837
Payroll Taxes$177,115$47,801-$224,916
All Other Expenses$94,496$101,182-$195,678
Fees for Services Legal-$146,931-$146,931
Pension Plan Contributions$105,754$27,463-$133,217
Other Expenses$62,280$29,508-$91,788
Insurance-$31,587-$31,587
Fees for Services Accounting-$18,020-$18,020
Depreciation Depletion$11,444$4,904-$16,348
Office Expenses-$2,522-$2,522
Total Functional Expenses$3,485,133$1,167,990$0$4,653,123

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,750,800
Expenses per Audited Statements$4,653,123
Total Expenses per Form 990$4,653,123
Expenses Not Reported on Form 990$97,677
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

“Board members complete an annual disclosure statement”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Magellan Charter School
EIN
56-2019202
Phone
9198440277
Address
9324 BAILEYWICK RD, RALEIGH, NC 27615

Signing Officer

Name
Mike Lotterhos
Title
Treasurer
Phone
9198440277
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JESSICA O'DONOVAN
Formed
1997
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
70
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

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue reconciliation with audited financials”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expense reconciliation with audited financials”

Schedule D Part XI Line 2D

“Audited financials include revenue 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: $59,772”

Schedule D Part XII Line 4B

“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 elimination for magellan education foundation: $(97,677)”

Raw XML AppendixShowing 400 of 444 raw XML fields

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/PayrollTaxesGrp/TotalAmt0224916
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027463
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0105754
IRS990/PensionPlanContributionsGrp/TotalAmt0133217
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JESSICA O'DONOVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04119701
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02957
IRS990/PYOtherExpensesAmt0924129
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-17847
IRS990/PYSalariesCompEmpBnftPaidAmt03216376
IRS990/PYTotalExpensesAmt04140505
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04122658
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-84844
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0750729
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0665885
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0760394
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0629719
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/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt097677
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04653123
IRS990ScheduleD/OtherExpensesIncludedAmt097677
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024523
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0145591
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170114
IRS990ScheduleD/OtherRevenueAmt059772
IRS990ScheduleD/RevenueNotReportedAmt059772
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04568279
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSE RECONCILIATION WITH AUDITED FINANCIALS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AUDITED FINANCIALS INCLUDE REVENUE 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: $59,772
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3AUDITED 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 ELIMINATION FOR MAGELLAN EDUCATION FOUNDATION: $(97,677)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D PART XI LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D PART XII LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024523
IRS990ScheduleD/TotalExpensesPerForm990Amt04653123
IRS990ScheduleD/TotalRevenuePerForm990Amt04568279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04628051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04750800
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS MADE AVAILABLE FOR REVIEW TO ALL BOARD MEMBERS VIA EMAIL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MAGELLAN EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203971056
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE BUILDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09324 BAILEYWICK ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027615
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0264048
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MAGELLAN EDUCATION FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01143819
IRS990/TotalAssetsEOYAmt01092499
IRS990/TotalAssetsGrp/BOYAmt01143819
IRS990/TotalAssetsGrp/EOYAmt01092499
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04433594
IRS990/TotalEmployeeCnt070
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01167990
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03485133
IRS990/TotalFunctionalExpensesGrp/TotalAmt04653123
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0393090
IRS990/TotalLiabilitiesEOYAmt0426614
IRS990/TotalLiabilitiesGrp/BOYAmt0393090
IRS990/TotalLiabilitiesGrp/EOYAmt0426614
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0750729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0665885
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03485133
IRS990/TotalReportableCompFromOrgAmt0258641
IRS990/TotalRevenueGrp/ExclusionAmt02886
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04568279
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01143819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01092499
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,092,499
Liabilities
$426,614
Net assets
$665,885
Revenue
$4,568,279
Expenses
$4,653,123
Net income
-$84,844
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