Civic Intelligence

Magnolia Speech School

EIN 64-0435317 • 501(c)3 • Madison, MS

Profile

Magnolia speech school exists to enable children with communication disorders to develop their full potential through spoken language and literacy.

414 Bozeman RoadMadison, MS 39110

www.magnoliaspeechschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

57th percentile

6.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

83rd percentile

42%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$16,876,732

Up $1,033,301 (+6.5%) from 2024

Liabilities

Down

$54,613

Down $81,274 (-60%) from 2024

Net Assets

Up

$16,822,119

Up $1,114,575 (+7.1%) from 2024

Revenue

Up

$4,014,597

Up $1,184,927 (+42%) from 2024

Expenses

Up

$2,944,073

Up $17,678 (+0.6%) from 2024

Net Income

Up

$1,070,524

Up $1,167,249 (+1207%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $1,319,954Liabilities 2010: $98,647Net Assets 2010: $1,221,3072010Assets 2011: $1,207,158Liabilities 2011: $120,139Net Assets 2011: $1,087,0192011Assets 2012: $1,236,268Liabilities 2012: $184,217Net Assets 2012: $1,052,0512012Assets 2013: $1,273,585Liabilities 2013: $213,963Net Assets 2013: $1,059,6222013Assets 2014: $1,264,430Liabilities 2014: $284,645Net Assets 2014: $979,7852014Assets 2015: $2,151,379Liabilities 2015: $277,972Net Assets 2015: $1,873,4072015Assets 2016: $2,324,801Liabilities 2016: $185,939Net Assets 2016: $2,138,8622016Assets 2017: $2,847,324Liabilities 2017: $69,986Net Assets 2017: $2,777,3382017Assets 2018: $2,657,096Liabilities 2018: $115,199Net Assets 2018: $2,541,8972018Assets 2019: $3,326,935Liabilities 2019: $478,512Net Assets 2019: $2,848,4232019Assets 2020: $7,174,328Liabilities 2020: $316,447Net Assets 2020: $6,857,8812020Assets 2021: $10,948,586Liabilities 2021: $332,174Net Assets 2021: $10,616,4122021Assets 2022: $20,507,656Liabilities 2022: $5,706,726Net Assets 2022: $14,800,9302022Assets 2023: $18,706,974Liabilities 2023: $2,959,023Net Assets 2023: $15,747,9512023Assets 2024: $15,843,431Liabilities 2024: $135,887Net Assets 2024: $15,707,5442024Assets 2025: $16,876,732Liabilities 2025: $54,613Net Assets 2025: $16,822,1192025

Highlighted filing

2025

Assets$16,876,732
Liabilities$54,613
Net Assets$16,822,119

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,431,4982010Expenses 2011: $2,519,6502011Expenses 2012: $2,604,7922012Expenses 2013: $2,718,3812013Revenue 2014: $2,536,083Expenses 2014: $2,615,920Net Income 2014: -$79,8372014Revenue 2015: $3,118,861Expenses 2015: $2,224,769Net Income 2015: $894,0922015Revenue 2016: $2,201,720Expenses 2016: $1,936,265Net Income 2016: $265,4552016Revenue 2017: $2,671,714Expenses 2017: $2,035,081Net Income 2017: $636,6332017Revenue 2018: $1,253,648Expenses 2018: $1,491,648Net Income 2018: -$238,0002018Revenue 2019: $2,159,620Expenses 2019: $1,856,636Net Income 2019: $302,9842019Revenue 2020: $6,133,329Expenses 2020: $2,111,062Net Income 2020: $4,022,2672020Revenue 2021: $5,736,685Expenses 2021: $2,093,221Net Income 2021: $3,643,4642021Revenue 2022: $6,541,352Expenses 2022: $2,184,384Net Income 2022: $4,356,9682022Revenue 2023: $3,866,736Expenses 2023: $2,939,151Net Income 2023: $927,5852023Revenue 2024: $2,829,670Expenses 2024: $2,926,395Net Income 2024: -$96,7252024Revenue 2025: $4,014,597Expenses 2025: $2,944,073Net Income 2025: $1,070,5242025

Highlighted filing

2025

Revenue$4,014,597
Expenses$2,944,073
Net Income$1,070,524

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$0.05$16.8$4.01$2.94$1.07
2024Detailed filing. Detailed filing data is available for this year.$15.8$0.14$15.7$2.83$2.93$0.10
2023Detailed filing. Detailed filing data is available for this year.$18.7$2.96$15.7$3.87$2.94$0.93
2022Detailed filing. Detailed filing data is available for this year.$20.5$5.71$14.8$6.54$2.18$4.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.33$10.6$5.74$2.09$3.64
2020Detailed filing. Detailed filing data is available for this year.$7.17$0.32$6.86$6.13$2.11$4.02
2019Detailed filing. Detailed filing data is available for this year.$3.33$0.48$2.85$2.16$1.86$0.30
2018Summary only. Only limited summary data is available for this year.$2.66$0.12$2.54$1.25$1.49$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.85$0.07$2.78$2.67$2.04$0.64
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.19$2.14$2.20$1.94$0.27
2015Detailed filing. Detailed filing data is available for this year.$2.15$0.28$1.87$3.12$2.22$0.89
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.28$0.98$2.54$2.62$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.21$1.06$2.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.18$1.05$2.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.12$1.09$2.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.10$1.22$2.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$4,126,890
Mission and Program Overview

Mission

Magnolia speech school exists to enable children with communication disorders to develop their full potential through spoken language and literacy.

To enable children with communication disorders to develop their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,762,213$12,222,918▼ $539,295
Investments Other Securities$1,650,544$1,799,369▲ $148,825
Savings and Temporary Cash Investments$532,062$1,613,337▲ $1,081,275
Cash and Non-Interest-Bearing Accounts$221,997$968,718▲ $746,721
Pledges and Grants Receivable$648,778$235,639▼ $413,139
Accounts Receivable$27,837$36,751▲ $8,914
Total Assets$15,843,431$16,876,732▲ $1,033,301
Liabilities
Deferred Revenue$40,328$36,520▼ $3,808
Accounts Payable and Accrued Expenses$95,559$18,093▼ $77,466
Total Liabilities$135,887$54,613▼ $81,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,899,615$15,858,509▲ $958,894
Net Assets With Donor Restrictions$807,929$963,610▲ $155,681
Total Net Assets Fund Balance$15,707,544$16,822,119▲ $1,114,575
Total Liabilities and Net Assets / Fund Balance$15,843,431$16,876,732▲ $1,033,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,839,526$955,384$11,794,910
Equipment$736,552$500,856$1,237,408
Land$609,378-$609,378
Other Land Buildings$37,462$66,425$103,887
Other Securities$1,799,369--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mitch StringerChair
Mendez NelsonDevelopment Chair
Donna Kaye ByrdImmediate Past Chair/personnel Co-chair
Mac DeaverLeglislative Chair
Dr Stephanie HendersonPersonnel Co-chair
Chuck BellVice Chair/finance Chair
Andrew LesterDirector
Brad GatlinDirector
Brian CroninDirector
Clayton MangumDirector
Dr Bill SellersDirector
Jimmy RobertsonDirector
LA'VERNE EDNEYDirector
Rebecca VaughnDirector
Shannon MillerDirector
Thomas WoodsDirector
Dr Grace SturdivantSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,881,714
Program Service Revenue
$945,803
Investment Income
$184,491
Other Revenue
$2,589
All Other Contributions
$1,580,521
Change in Net Assets
$1,070,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,002,951
Revenue Not Reported on Financial Statements
$11,646
Revenue Not Reported on Form 990
$156,344
Total Revenue per Audited Statements
$4,159,295
Total Revenue per Form 990
$4,014,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,859,691
Other Expenses$1,084,382
Total Fundraising Expense$27,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,348,924$170,554$31,009$1,550,487
Depreciation Depletion$508,891$21,204-$530,095
Occupancy$189,088$7,879-$196,967
Payroll Taxes$104,107$13,163$2,393$119,663
Other Employee Benefits$96,283$12,174$2,213$110,670
Current Officers, Directors, Trustees, and Key Employees$68,618$8,675$1,578$78,871
Fees for Services Other$38,990$36,936-$75,926
Insurance$58,195$2,425-$60,620
Information Technology$47,289$1,970-$49,259
Fees for Services Legal-$48,211-$48,211
Office Expenses$22,979$17,117-$40,096
Fees for Services Accounting-$37,295-$37,295
Travel$15,760-$657$16,417
Fees for Service Investment Mgmnt Fees-$11,646-$11,646
Conferences and Meetings$1,172--$1,172
Interest-$922-$922
Other Expenses-$26,386$-21,538$-21,538
Total Functional Expenses$2,500,296$416,557$27,220$2,944,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,044,720
Total Expenses per Form 990$2,944,073
Expenses per Audited Statements$2,932,427
Expenses Not Reported on Form 990$112,293
Expenses Not Reported on Financial Statements$11,646
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$112,293
Fundraising Gross Income$112,293
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clay Shoot$299,874$79,563$79,563$0
Golf Tournament$77,591$32,730$32,730$0
Total Events$377,465$112,293$112,293$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
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

A draft of the form 990 is sent to the executive director and board members. The form 990 is reviewed and any questions that arise from the executive director or board members are answered/cleared prior to the filing of the return.

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

Annually each board member reads the conflict of interest policy and signs the disclosure. If a conflict arises during the year, the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict. The executive director consistently monitors and enforces compliance with the conflict of interest policy during the year to ensure that any conflict is resolved properly.

Form 990, Part VI, Section B, Line 15

The board of directors approves the salary for all officers and directors based on a scale that the ms state of education and surrounding school districts use.

Form 990, Part VI, Section C, Line 19

The documents are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Magnolia Speech School
EIN
64-0435317
Phone
6019149200
Address
414 BOZEMAN ROAD, MADISON, MS 39110

Signing Officer

Name
Angy Graham
Title
Executive Director
Phone
6019149200
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angy Graham
Formed
1956
Legal Domicile
Ms
Voting Board Members
17
Independent Board Members
17
Employees
45
Volunteers
85

Preparer

Firm
Matthews Cutrer & Lindsay Pa
Address
1020 HIGHLAND COLONY PKWY 500, RIDGELAND, MS 39157
Preparer
Chris B Savell CPA
Phone
6018988875
Supplemental Narrative

Additional Explanations

Part XII Line 2C - Process of Committee Oversight of the Fin Stmt Audit

The auditor meets with the board of directors making a full presentation at the completion of the audit for the year answering any of the board's questions. The auditor works closely with the board of directors during the year should any concerns arise.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

SPECIAL EVENTS 112,293.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

SPECIAL EVENTS 112,293.

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IRS990/Desc0MAGNOLIA 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 15 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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IRS990/Form990PartVIISectionAGrp/PersonNm13SHANNON MILLER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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