Totals
- Total revenue
- $874,278
- Total expenses
- $864,456
- Contributions and grants received
- $124,811
- Grants paid
- $0
- Program service revenue
- $749,460
- Investment income
- $7
- Other revenue
- $0
- Total assets, end of year
- $85,346
- Total liabilities, end of year
- $18,531
- Net assets or fund balances, end of year
- $66,815
- Program services expenses (Part IX)
- $689,794
- Management and general expenses
- $153,322
- Fundraising expenses
- $21,340
- Program service expenses (Part III)
- $689,794
Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$124,811
-
2a · Program service revenue: Tuition
total $614,982 · related or exempt $614,982
-
2b · Program service revenue: Student Fees
total $115,639 · related or exempt $115,639
-
2c · Program service revenue: Field Trips
total $13,146 · related or exempt $13,146
-
2d · Program service revenue: School Merchandise
total $5,693 · related or exempt $5,693
-
3 · Investment income
total $7 · unrelated business $7
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $62,350 · management and general $62,350
-
7 · Other salaries and wages
total $463,987 · program services $390,590 · management and general $73,397
-
10 · Payroll taxes
total $43,838 · program services $42,079 · management and general $1,759
-
11c · Fees: accounting
total $1,005 · management and general $1,005
-
13 · Office expenses
total $20,103 · program services $5,292 · management and general $14,811
-
14 · Information technology
total $1,236 · program services $1,236
-
16 · Occupancy
total $118,434 · program services $118,434
-
19 · Conferences, conventions and meetings
total $21,340 · fundraising $21,340
-
23 · Insurance
total $10,075 · program services $10,075
-
24a · Other expenses: School Program Costs
total $116,839 · program services $116,839
-
24b · Other expenses: Payroll Processing
total $3,026 · program services $3,026
-
24c · Other expenses: Charitable Donations
total $2,223 · program services $2,223
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,008 · end of year $13,023
-
2 · Savings and temporary cash investments
beginning of year $47,787 · end of year $72,323
-
17 · Accounts payable and accrued expenses
beginning of year $5,946 · end of year $8,648
-
25 · Other liabilities
beginning of year $5,857 · end of year $9,883
-
31 · Retained earnings, endowment or other funds
beginning of year $56,992 · end of year $66,815
Mission and programs · 2023
Mission
Educating and teaching children in grades K-12 in the Magnolia area.
Activities or mission (Part I)
Educating and teaching children in grades K12 in the Magnolia area
-
During the 2023 school year, we taught 187 students 3 days per week during 2023.
Expenses $689,794 · Revenue $749,460
As filed on the 2023 return.
Listed in Part VII
-
Morgan HoneycuttMORGAN HONEYCUTT
DIRECTOR
- Total calculated
- $62,350
- From this org
- $62,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Terri BurtonTERRI BURTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Brandy WilliamsBRANDY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433049349302288
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