Civic Intelligence

Magnolia Education Foundation

990 • Fiscal year 2020 • EIN 76-0699381

Jun 01, 2019 to May 31, 2020 • Filed on Feb 18, 2020

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

(713) 854-9149

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

0.74x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

33%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

86th percentile

83%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

3.2%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$158,848

Up $72,172 (+83%) from 2019

Net Assets

Flat

$0

Flat from 2019

Liabilities

Up

$158,848

Up $72,172 (+83%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin80th percentile

Revenue

Up

$215,922

Up $6,697 (+3.2%) from 2019

Expenses

Down

$143,749

Down $29,378 (-17%) from 2019

Net Income

Up

$72,173

Up $36,075 (+100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2020

Assets$158,848
Liabilities$158,848
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth67th 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

2020

Revenue$215,922
Expenses$143,749
Net Income$72,173
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Feb 18, 2020
Return Version
2019v5.0
Gross Receipts
$215,922
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$86,676$158,848▲ $72,172
Total Assets$86,676$158,848▲ $72,172
Liabilities
Other Liabilities$86,676$158,848▲ $72,172
Total Liabilities$86,676$158,848▲ $72,172
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$86,676$158,848▲ $72,172
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$215,865
Program Service Revenue
$0
Investment Income
$57
Other Revenue
$0
Change in Net Assets
$72,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,034
Total Fundraising Expense$65,115
Grants and Similar Amounts Paid$47,715
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$38,715--$38,715
Other Expenses$24,876-$34,223$24,876
Grants to Domestic Individuals$9,000--$9,000
Advertising$5,175--$5,175
Fees for Services Accounting$790--$790
Office Expenses-$78-$78
Total Functional Expenses$78,556$78$65,115$143,749
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 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
Yes
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

“Dacia r owens president lacey neef-hedrick principle officer tina messina, treasurer”

Part VII, Line 1A(B)

“Leadership, administration and promotions”

Part VII, Line 1A(B)

“Accounting and administrative duties”

Part VII, Line 1A(B)

“ADMINISTRATIVE DUTIES”

Filing and Contact Details

Filer

Filer Name
Magnolia Education Foundation
EIN
76-0699381
In Care Of
% DACIA R OWENS PRESIDENT
Phone
7138549149
Address
PO BOX 55, MAGNOLIA, TX 77353-0055

Signing Officer

Name
Dacia R Owens
Title
President
Phone
7138549149
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lacey Neef-hedrick
Formed
2001
Legal Domicile
TX
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/ExplanationTxt0DACIA R OWENS PRESIDENT LACEY NEEF-HEDRICK PRINCIPLE OFFICER TINA MESSINA, TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LEADERSHIP, ADMINISTRATION AND PROMOTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTING AND ADMINISTRATIVE DUTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADMINISTRATIVE DUTIES
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IRS990/USAddress/CityNm0MAGNOLIA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077353
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DACIA R OWENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07138549149
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0760699381
ReturnHeader/Filer/InCareOfNm0% DACIA R OWENS PRESIDENT
ReturnHeader/Filer/PhoneNum07138549149
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/FederalOriginalSubmissionId076853220201681600001
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-06-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.42.42.202
ReturnHeader/FilingSecurityInformation/IPDt02020-02-21
ReturnHeader/FilingSecurityInformation/IPTm009:30:00
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/ReturnTs02020-07-08T19:21:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,848
Liabilities
$158,848
Net assets
$0
Revenue
$215,922
Expenses
$143,749
Net income
$72,173
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