Civic Intelligence

Magnolia Education Foundation

990 • Fiscal year 2019 • EIN 76-0699381

Jun 01, 2018 to May 31, 2019 • Filed on May 28, 2019

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.41x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

88th percentile

71%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

72%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$86,676

Up $36,098 (+71%) from 2018

Net Assets

Flat

$0

Flat from 2018

Liabilities

Up

$86,676

Up $36,098 (+71%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin73rd percentile

Revenue

Up

$209,225

Up $87,804 (+72%) from 2018

Expenses

Up

$173,127

Up $65,301 (+61%) from 2018

Net Income

Up

$36,098

Up $22,503 (+166%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2019

Assets$86,676
Liabilities$86,676
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$209,225
Expenses$173,127
Net Income$36,098
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
May 28, 2019
Return Version
2018v3.1
Gross Receipts
$209,225
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, the library and the teachers whom work at the school. Proceeds supply books, teacher supply reimbursements and playgroup 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$50,578$86,676▲ $36,098
Total Assets$50,578$86,676▲ $36,098
Liabilities
Other Liabilities$50,578$86,676▲ $36,098
Total Liabilities$50,578$86,676▲ $36,098
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$50,578$86,676▲ $36,098
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Dacia R OwensPresident
Gina PatschkeSecretary
Tina M MessinaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$209,225
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$36,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,274
Grants and Similar Amounts Paid$66,485
Salaries, Compensation, and Employee Benefits$8,368
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$53,985--$53,985
Advertising$26,952--$26,952
Other Expenses$23,609--$23,609
Grants to Domestic Individuals$12,500--$12,500
Fees for Services Other$9,706--$9,706
Other Employee Benefits$8,368--$8,368
Travel-$274-$274
Total Functional Expenses$172,853$274$0$173,127
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

“Revenue and expenses reported on schedules”

Part VII, Line 1A(B)

“Non compensated officer and director”

Part VII, Line 1A(B)

“Non compensated officer and director”

Part VII, Line 1A(B)

“Non profit position is a non paid position”

Filing and Contact Details

Filer

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

Signing Officer

Name
Dacia R Owens
Title
President
Phone
7138549149
Signed
2019-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lacey Neef-hedrick
Voting Board Members
3
Independent Board Members
3
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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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0760699381
ReturnHeader/Filer/InCareOfNm0% DACIA R OWENS PRESIDENT
ReturnHeader/Filer/PhoneNum07134167546
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 55
ReturnHeader/Filer/USAddress/CityNm0MAGNOLIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0773530055
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E32EE287C649E7E863EC64600F6F59D9328FF8AB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId013D9EF3FA93891B7A5572FAD9D90B5CD3CA7DFEF
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId076853220190731600004
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-03-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.172.46.44
ReturnHeader/FilingSecurityInformation/IPDt02019-03-06
ReturnHeader/FilingSecurityInformation/IPTm013:34:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274010742
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/ReturnTs02019-07-12T08:23:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,676
Liabilities
$86,676
Net assets
$0
Revenue
$209,225
Expenses
$173,127
Net income
$36,098
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