Form 990 for tax year 2024
Filed by MAGNET EDUCATIONAL CHOICE ASSOCIATION INC.
Totals
- Total revenue
- $376,626
- Total expenses
- $377,400
- Contributions and grants received
- $369,326
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $7,300
- Other revenue
- $0
- Total assets, end of year
- $351,525
- Total liabilities, end of year
- $31,122
- Net assets or fund balances, end of year
- $320,403
- Program services expenses (Part IX)
- $308,801
- Management and general expenses
- $68,599
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $308,801
Program services were 81.8% 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.
-
1f · All other contributions, gifts and grants
$369,326
-
3 · Investment income
total $7,300 · related or exempt $7,300
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $43,691 · management and general $43,691
-
11g · Fees: other
total $24,537 · program services $10,487 · management and general $14,050
-
12 · Advertising and promotion
total $2,649 · program services $2,649
-
13 · Office expenses
total $7,069 · program services $6,637 · management and general $432
-
17 · Travel
total $3,132 · program services $3,132
-
19 · Conferences, conventions and meetings
total $166,316 · program services $166,260 · management and general $56
-
24a · Other expenses: Materials and Supplies
total $59,551 · program services $56,393 · management and general $3,158
-
24b · Other expenses: Student Events
total $22,787 · program services $22,787
-
24c · Other expenses: Scholarships
total $20,600 · program services $20,600
-
24d · Other expenses: Awards
total $12,068 · program services $12,068
-
24e · All other expenses
total $15,000 · program services $7,788 · management and general $7,212
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $182,131 · end of year $158,629
-
2 · Savings and temporary cash investments
beginning of year $153,655 · end of year $155,536
-
4 · Accounts receivable
beginning of year $14,500 · end of year $37,360
-
17 · Accounts payable and accrued expenses
beginning of year $29,109 · end of year $31,122
-
27 · Net assets without donor restrictions
beginning of year $20,897 · end of year $15,104
-
28 · Net assets with donor restrictions
beginning of year $300,280 · end of year $305,299
Mission and programs · 2024
Mission
IMPLEMENTATION OF SPECIALIZED PROGRAMS FOR SCHOOLS.
Activities or mission (Part I)
TO SUPPORT ACADEMIC ACHIEVEMENT AND CAREER READINESS BY PROVIDING BUSINESS/EDUCATION PARTNERSHIPS.
-
Various Miami-Dade County Magnet School Programs including the Academy of Hospitality and Tourism, Future Business Leaders of America (FBLA), Academy of Finance, Theatre Arts, Musical Arts (Rock Program), and the Distributive Education (DECA) Programs. The Academy of Hospitality and Tourism opens career opportunities in the tourism field; provides a solid college preparation education in the traditional academic subjects. The Academy partners with the National Academy Foundation (NAF) to provide the Senior High School programs with resources as well as opportunities for summer employment.Various Other ProgramsThere are numerous other programs that support the Association's purpose of providing educational resources and advanced programs to the Magnet School Program in Miami-Dade County, Florida, and obtaining private sector involvement to provide funds for education.
Expenses $308,801
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JUDITH STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ELBE BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JESSIANN M SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VALDA MCKINNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
NATOIA MCGARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BERT SILVESTRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STEPHANIE LEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JONATHAN MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BENTON LAUNERTS
CHAIR / PRESIDENT (thru Jan 31, 2025)
- Total calculated
- $0
- Hours/week
- 2
-
LUIS SANCHEZ
CHAIR / PRESIDENT (from Feb 1, 2025)
- Total calculated
- $0
- Hours/week
- 2
-
DEBRA A SIMMONS
CHIEF EXECUTIVE OFFICER (thru Jan 31, 2025)
- Total calculated
- $27,540
- From this org
- $27,540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
ROBERT QUINN
CHIEF EXECUTIVE OFFICER (from Feb 1, 2025)
- Total calculated
- $17,620
- From this org
- $17,620
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
SARAH TUSKEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
DIANA MORALES
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 16 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631069349300518
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