Civic Intelligence

Magnolia Education Foundation

990 • Fiscal year 2017 • EIN 76-0699381

Jun 01, 2016 to May 31, 2017 • Filed on Apr 18, 2017

Organization ProfileMAGNOLIAISD.ORG
PO Box 55Magnolia, TX 77353-0055

(713) 416-7546

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.58x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

52nd percentile

4.3%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

-3.3%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$36,983

Up $2,759 (+8.1%) from 2016

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

Up

$36,983

Up $36,983 from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin52nd percentile

Revenue

Down

$63,585

Down $2,165 (-3.3%) from 2016

Expenses

Down

$60,826

Down $5,023 (-7.6%) from 2016

Net Income

Up

$2,759

Up $2,858 (+2887%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$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

2017

Assets$36,983
Liabilities$36,983
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$63,585
Expenses$60,826
Net Income$2,759
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 18, 2017
Return Version
2016v3.0
Gross Receipts
$63,585
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

The primary purpose is to raise funds from the general public in support of grants issued to magnolia isd techers whom participate in the teacher grant program. The use of these funds are in reimbursement of teacher supplies purchased throughout the school year for classroom supplies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,530$19,283▲ $2,753
Savings and Temporary Cash Investments$16,694$17,700▲ $1,006
Total Assets$33,224$36,983▲ $3,759
Liabilities
Deferred Revenue$33,224$36,983▲ $3,759
Total Liabilities$33,224$36,983▲ $3,759
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$33,224$36,983▲ $3,759
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Dacia OwensPresident
Rebecca AllbrittonVice President
Melissa BobnarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,585
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,053
Other Expenses$15,773
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,053--$45,053
Conferences and Meetings-$3,188-$3,188
Other Expenses-$884-$884
Fees for Services Accounting-$450-$450
Advertising-$145-$145
Office Expenses-$105-$105
Total Functional Expenses$45,053$15,773$0$60,826
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
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 1A

“The following three officers of this foundation are as follows. Dacia owens is the president melissa bobnar is the treasurer rebecca allbritton is the vice president”

Part VII, Line 1A(B)

“The officer positions within the non-profit are not compensated for their time. These positions are elected by the participating public and are voluntary with their time and efforts.”

Part VII, Line 1A(B)

“No compensation is paid. All work performed is voluntary.”

Part VII, Line 1A(B)

“This is a non-fee position. All elected officers work voluntarily without any type of compensation or anticipated compensation.”

Filing and Contact Details

Filer

Filer Name
Magnolia Education Foundation
EIN
76-0699381
In Care Of
% PAM ROGERS
Phone
7134167546
Address
PO BOX 55, MAGNOLIA, TX 77353-0055

Signing Officer

Name
Pam Rogers
Title
President
Phone
2812522500
Signed
2017-04-18

Organization Details

Principal Officer
Lacey Neef-hedrick
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
The White Family Tax Service LLC
Address
23603 FOREST TRAIL DRIVE, HOCKLEY, TX 77447
Preparer
Dr Randy White
Phone
2812366250
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING THREE OFFICERS OF THIS FOUNDATION ARE AS FOLLOWS. DACIA OWENS IS THE PRESIDENT MELISSA BOBNAR IS THE TREASURER REBECCA ALLBRITTON IS THE VICE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICER POSITIONS WITHIN THE NON-PROFIT ARE NOT COMPENSATED FOR THEIR TIME. THESE POSITIONS ARE ELECTED BY THE PARTICIPATING PUBLIC AND ARE VOLUNTARY WITH THEIR TIME AND EFFORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION IS PAID. ALL WORK PERFORMED IS VOLUNTARY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VII, LINE 1A(B)
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0760699381
ReturnHeader/Filer/InCareOfNm0% PAM ROGERS
ReturnHeader/Filer/PhoneNum07134167546
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 55
ReturnHeader/Filer/USAddress/CityNm0MAGNOLIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0773530055
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId013D9EF3FA93891B7A5572FAD9D90B5CD3CA7DFEF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId013D9EF3FA93891B7A5572FAD9D90B5CD3CA7DFEF
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId076853220171081600002
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-04-18
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.172.46.44
ReturnHeader/FilingSecurityInformation/IPDt02017-04-18
ReturnHeader/FilingSecurityInformation/IPTm005:43:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204664300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE WHITE FAMILY TAX SERVICE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023603 FOREST TRAIL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOCKLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077447
ReturnHeader/PreparerPersonGrp/PhoneNum02812366250
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DR RANDY WHITE
ReturnHeader/ReturnTs02017-08-31T11:04:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$36,983
Liabilities
$36,983
Net assets
$0
Revenue
$63,585
Expenses
$60,826
Net income
$2,759
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