Civic Intelligence

Magnolia Education Foundation

EIN 76-0699381 • 501(c)3 • Magnolia, TX

Profile

Non profit mission statement is directed to the raising of funds with the proceeds used for educational purposes related to the school district. The library and the teachers whom work at the school proceeds supply books, teacher suply reimbursements and play ground equipment for the school. All of these programs are managed by parents whom offer their time at no charge.

PO Box 55Magnolia, TX 77353

magnoliaisd.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

90th percentile

80%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$156,827

Up $69,731 (+80%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$156,827

Up $69,731 (+80%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin81st percentile

Revenue

Up

$242,386

Up $23,099 (+11%) from 2022

Expenses

Down

$172,655

Down $23,671 (-12%) from 2022

Net Income

Up

$69,731

Up $46,770 (+204%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

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

$200K$150K$100K$50K$0Assets 2011: $35,454Net Assets 2011: $35,4542011Assets 2012: $62,090Liabilities 2012: $31,045Net Assets 2012: $31,0452012Assets 2013: $40,857Net Assets 2013: $40,8572013Assets 2014: $40,865Liabilities 2014: $40,8652014Assets 2015: $34,344Net Assets 2015: $11,1502015Assets 2016: $34,224Liabilities 2016: $02016Assets 2017: $36,983Liabilities 2017: $36,983Net Assets 2017: $02017Assets 2018: $50,578Liabilities 2018: $50,578Net Assets 2018: $02018Assets 2019: $86,676Liabilities 2019: $86,676Net Assets 2019: $02019Assets 2020: $158,848Liabilities 2020: $158,848Net Assets 2020: $02020Assets 2021: $64,135Liabilities 2021: $0Net Assets 2021: $64,1352021Assets 2022: $87,096Liabilities 2022: $0Net Assets 2022: $87,0962022Assets 2023: $156,827Liabilities 2023: $0Net Assets 2023: $156,8272023

Highlighted filing

2023

Assets$156,827
Liabilities$0
Net Assets$156,827
Open 2023 Filing

Operations Trend

Revenue Growth64th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $53,344Expenses 2011: $47,444Net Income 2011: $5,9002011Revenue 2012: $46,892Expenses 2012: $51,301Net Income 2012: -$4,4092012Revenue 2013: $69,955Expenses 2013: $85,926Net Income 2013: -$15,9712013Revenue 2014: $51,414Expenses 2014: $70,667Net Income 2014: -$19,2532014Revenue 2015: $21,301Expenses 2015: $51,016Net Income 2015: -$29,7152015Revenue 2016: $65,750Expenses 2016: $65,849Net Income 2016: -$992016Revenue 2017: $63,585Expenses 2017: $60,826Net Income 2017: $2,7592017Revenue 2018: $121,421Expenses 2018: $107,826Net Income 2018: $13,5952018Revenue 2019: $209,225Expenses 2019: $173,127Net Income 2019: $36,0982019Revenue 2020: $215,922Expenses 2020: $143,749Net Income 2020: $72,1732020Revenue 2021: $120,298Expenses 2021: $215,011Net Income 2021: -$94,7132021Revenue 2022: $219,287Expenses 2022: $196,326Net Income 2022: $22,9612022Revenue 2023: $242,386Expenses 2023: $172,655Net Income 2023: $69,7312023

Highlighted filing

2023

Revenue$242,386
Expenses$172,655
Net Income$69,731
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,827
Liabilities
$0
Net assets
$156,827
Revenue
$242,386
Expenses
$172,655
Net income
$69,731
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$2.42$1.73$0.70
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$2.19$1.96$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.20$2.15$0.95
2020Detailed filing. Detailed filing data is available for this year.$1.59$1.59$0.00$2.16$1.44$0.72
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.87$0.00$2.09$1.73$0.36
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.51$0.00$1.21$1.08$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.37$0.00$0.64$0.61$0.03
2016Summary only. Only limited summary data is available for this year.$0.34$0.00$0.66$0.66$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.11$0.21$0.51$0.30
2014Summary only. Only limited summary data is available for this year.$0.41$0.41$0.51$0.71$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.41$0.70$0.86$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.31$0.31$0.47$0.51$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.35$0.53$0.47$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
May 23, 2023
Return Version
2022v5.0
Gross Receipts
$242,386
Mission and Program Overview

Mission

The nbsp;primary nbsp;purpose nbsp;of nbsp;the nbsp;not nbsp;for nbsp;profit nbsp;organization nbsp;is nbsp;to nbsp;raise nbsp;funds nbsp;from nbsp;the nbsp;general nbsp;public nbsp;with nbsp;the nbsp;proceeds nbsp;used nbsp;to nbsp;benefit nbsp;the nbsp;school nbsp;and nbsp;the nbsp;school nbsp;teachers nbsp;in nbsp;the nbsp;district nbsp;the nbsp;proceeds nbsp;of nbsp;the nbsp;funds nbsp;raised nbsp;are nbsp;sent nbsp;to nbsp;the nbsp;teachers nbsp;in nbsp;grant nbsp;forms nbsp;as nbsp;a nbsp;reimbursement nbsp;for nbsp;classroom nbsp;expenses nbsp;along nbsp;with nbsp;additional nbsp;school nbsp;items nbsp;are nbsp;also nbsp;purchased nbsp;through nbsp;this nbsp;non-profit nbsp;program

Non profit mission statement is directed to the raising of funds with the proceeds used for educational purposes related to the school district. The library and the teachers whom work at the school proceeds supply books, teacher suply reimbursements and play ground equipment for the school. All of these programs are managed by parents whom offer their time at no charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,096$139,235▲ $52,139
Accounts Receivable-$17,592-
Total Assets$87,096$156,827▲ $69,731
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$90,848-
Net Assets With Donor Restrictions$87,096$65,979▼ $21,117
Total Net Assets Fund Balance$87,096$156,827▲ $69,731
Total Liabilities and Net Assets / Fund Balance$87,096$156,827▲ $69,731
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Tina MessinaPresident
Patricia SassTreasurer
Tammie Gaicona-freemanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$235,409
Program Service Revenue
$0
Investment Income
$57
Other Revenue
$6,920
All Other Contributions
$74,048
Change in Net Assets
$69,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,655
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$49,866--$49,866
Other Expenses$18,880--$18,880
Conferences and Meetings$5,225--$5,225
Office Expenses$3,628--$3,628
Advertising$2,439--$2,439
Fees for Services Management$1,585--$1,585
All Other Expenses$500--$500
Fees for Services Accounting$500--$500
Total Functional Expenses$172,655$0$0$172,655
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
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Magnolia Education Foundation
EIN
76-0699381
Phone
7138549149
Address
PO BOX 55, MAGNOLIA, TX 77353

Signing Officer

Name
Tina Messina
Title
President
Phone
7138549149
Signed
2023-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tina Messina
Formed
2001
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Silver Accounting Group LLC
Address
1431 GRAHAM DR STE 150, TOMBALL, TX 77375-3329
Preparer
Alberto Coronado
Phone
8326393139
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Non profit mission statement is directed to the raising of funds with the proceeds used for educational purposes related to the school district. The library and the teachers whom work at the school proceeds supply books, teacher suply reimbursements and play ground equipment for the school. All of these programs are managed by parents whom offer their time at no charge.”

Form 990, Page 2, Part III, Line 4D

“Grants were made to school district teachers, to students of the district whom were headed to college.”

Form 990, Part IX, Line 11G

“Star educator expense 3,506 0 0 breakfast with santa 6,307 0 0 teacher of the mont 194 0 0 scholarship expenses 8,397 0 0 reading jubilee 10,000 0 0 coach morris endowment expens 21,462 0 0 total 49,866 0 0”

Raw XML Appendix287 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/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NON PROFIT MISSION STATEMENT IS DIRECTED TO THE RAISING OF FUNDS WITH THE PROCEEDS USED FOR EDUCATIONAL PURPOSES RELATED TO THE SCHOOL DISTRICT. THE LIBRARY AND THE TEACHERS WHOM WORK AT THE SCHOOL PROCEEDS SUPPLY BOOKS, TEACHER SUPLY REIMBURSEMENTS AND PLAY GROUND EQUIPMENT FOR THE SCHOOL. ALL OF THESE PROGRAMS ARE MANAGED BY PARENTS WHOM OFFER THEIR TIME AT NO CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANTS WERE MADE TO SCHOOL DISTRICT TEACHERS, TO STUDENTS OF THE DISTRICT WHOM WERE HEADED TO COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STAR EDUCATOR EXPENSE 3,506 0 0 BREAKFAST WITH SANTA 6,307 0 0 TEACHER OF THE MONT 194 0 0 SCHOLARSHIP EXPENSES 8,397 0 0 READING JUBILEE 10,000 0 0 COACH MORRIS ENDOWMENT EXPENS 21,462 0 0 TOTAL 49,866 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TINA MESSINA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/PhoneNum07138549149
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERTO CORONADO
ReturnHeader/ReturnTs02024-01-30T12:48:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TINA
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ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

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