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Nonprofiteer
← MAGNOLIA SPEECH SCHOOL FOR THE DEAF

Form 990 for tax year 2024

Filed by MAGNOLIA SPEECH SCHOOL FOR THE DEAF.

Totals

Total revenue
$4,014,597
Total expenses
$2,944,073
Contributions and grants received
$2,881,714
Grants paid
$0
Program service revenue
$945,803
Investment income
$184,491
Other revenue
$2,589
Total assets, end of year
$16,876,732
Total liabilities, end of year
$54,613
Net assets or fund balances, end of year
$16,822,119
Program services expenses (Part IX)
$2,500,296
Management and general expenses
$416,557
Fundraising expenses
$27,220
Program service expenses (Part III)
$2,500,296

Program services were 84.9% 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

    $265,172

  • 1d · Related organizations

    $33,000

  • 1e · Government grants (contributions)

    $1,003,021

  • 1f · All other contributions, gifts and grants

    $1,580,521

  • 1g · Noncash contributions included above

    $9,055

  • 2a · Program service revenue: TUITION AND FEES

    total $945,803 · related or exempt $945,803

  • 3 · Investment income

    total $184,491 · excluded $184,491

  • 8a · Fundraising events: gross income

    $112,293

  • 8a · Fundraising events: contributions included on line 1c

    $265,172

  • 8b · Fundraising events: direct expenses

    $112,293

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER

    total $2,589 · related or exempt $2,589

  • 11e · Other revenue, total

    $2,589

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $78,871 · program services $68,618 · management and general $8,675 · fundraising $1,578

  • 7 · Other salaries and wages

    total $1,550,487 · program services $1,348,924 · management and general $170,554 · fundraising $31,009

  • 9 · Other employee benefits

    total $110,670 · program services $96,283 · management and general $12,174 · fundraising $2,213

  • 10 · Payroll taxes

    total $119,663 · program services $104,107 · management and general $13,163 · fundraising $2,393

  • 11b · Fees: legal

    total $48,211 · management and general $48,211

  • 11c · Fees: accounting

    total $37,295 · management and general $37,295

  • 11f · Fees: investment management

    total $11,646 · management and general $11,646

  • 11g · Fees: other

    total $75,926 · program services $38,990 · management and general $36,936

  • 13 · Office expenses

    total $40,096 · program services $22,979 · management and general $17,117

  • 14 · Information technology

    total $49,259 · program services $47,289 · management and general $1,970

  • 16 · Occupancy

    total $196,967 · program services $189,088 · management and general $7,879

  • 17 · Travel

    total $16,417 · program services $15,760 · fundraising $657

  • 19 · Conferences, conventions and meetings

    total $1,172 · program services $1,172

  • 20 · Interest

    total $922 · management and general $922

  • 22 · Depreciation, depletion and amortization

    total $530,095 · program services $508,891 · management and general $21,204

  • 23 · Insurance

    total $60,620 · program services $58,195 · management and general $2,425

  • 24a · Other expenses: ADMINISTRATIVE

    total $26,386 · management and general $26,386

  • 24b · Other expenses: FUNDRAISING

    total $5,971 · fundraising $5,971

  • 24c · Other expenses: CAPITAL CAMPAIGN

    total $4,937 · fundraising $4,937

  • 24d · Other expenses: ALLOWANCE FOR PLEDGES

    total -$21,538 · fundraising -$21,538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,997 · end of year $968,718

  • 2 · Savings and temporary cash investments

    beginning of year $532,062 · end of year $1,613,337

  • 3 · Pledges and grants receivable

    beginning of year $648,778 · end of year $235,639

  • 4 · Accounts receivable

    beginning of year $27,837 · end of year $36,751

  • 10a · Land, buildings and equipment: cost or other basis

    $13,745,583

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,522,665

  • 10c · Land, buildings and equipment, net

    beginning of year $12,762,213 · end of year $12,222,918

  • 12 · Investments: other securities

    beginning of year $1,650,544 · end of year $1,799,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,559 · end of year $18,093

  • 19 · Deferred revenue

    beginning of year $40,328 · end of year $36,520

  • 27 · Net assets without donor restrictions

    beginning of year $14,899,615 · end of year $15,858,509

  • 28 · Net assets with donor restrictions

    beginning of year $807,929 · end of year $963,610

Mission and programs · 2024

Mission

MAGNOLIA SPEECH SCHOOL EXISTS TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL THROUGH SPOKEN LANGUAGE AND LITERACY.

Activities or mission (Part I)

TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,500,296 · Revenue $948,392

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Brian Cronin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Bell

    VICE CHAIR/FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Donna Kaye Byrd

    IMMEDIATE PAST CHAIR/PERSONNEL CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brad Gatlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Bill Sellers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Grace Sturdivant

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • La'Verne Edney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mac Deaver

    LEGLISLATIVE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Stephanie Henderson

    PERSONNEL CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mitch Stringer

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Lester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Woods

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mendez Nelson

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Clayton Mangum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
21 October 2025
IRS schema version
2024v5.2
Source object
202502969349302250

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