Totals
- Total revenue
- $704,117
- Total expenses
- $673,483
- Contributions and grants received
- $97,559
- Grants paid
- $0
- Program service revenue
- $588,882
- Investment income
- $7
- Other revenue
- $17,669
- Total assets, end of year
- $68,795
- Total liabilities, end of year
- $11,803
- Net assets or fund balances, end of year
- $56,992
- Program services expenses (Part IX)
- $537,516
- Management and general expenses
- $117,009
- Fundraising expenses
- $18,958
- Program service expenses (Part III)
- $537,516
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
$97,559
-
2a · Program service revenue: Tuition
total $497,231 · related or exempt $497,231
-
2b · Program service revenue: Student Fees
total $79,428 · related or exempt $79,428
-
2c · Program service revenue: Book Fair
total $2,553 · related or exempt $2,553
-
2d · Program service revenue: Field Trips
total $9,670 · related or exempt $9,670
-
3 · Investment income
total $7 · related or exempt $7
-
8a · Fundraising events: contributions included on line 1c
$97,559
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Other
total $465 · related or exempt $465
-
11d · All other revenue
total $17,204 · related or exempt $17,204
-
11e · Other revenue, total
$17,669
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $47,400 · management and general $47,400
-
7 · Other salaries and wages
total $299,300 · program services $249,497 · management and general $49,803
-
10 · Payroll taxes
total $22,713 · program services $19,087 · management and general $3,626
-
11c · Fees: accounting
total $1,159 · management and general $1,159
-
11g · Fees: other
total $4,924 · management and general $4,924
-
12 · Advertising and promotion
total $1,150 · fundraising $1,150
-
13 · Office expenses
total $21,703 · program services $11,606 · management and general $10,097
-
14 · Information technology
total $8,105 · program services $8,105
-
16 · Occupancy
total $164,319 · program services $164,319
-
19 · Conferences, conventions and meetings
total $17,808 · fundraising $17,808
-
20 · Interest
total $720 · program services $720
-
23 · Insurance
total $6,256 · program services $6,256
-
24a · Other expenses: School Program Costs
total $74,953 · program services $74,953
-
24b · Other expenses: Payroll Processing
total $1,843 · program services $1,843
-
24c · Other expenses: Charitable Donations
total $1,130 · program services $1,130
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,923 · end of year $21,008
-
2 · Savings and temporary cash investments
beginning of year $40,034 · end of year $47,787
-
17 · Accounts payable and accrued expenses
beginning of year $885 · end of year $5,946
-
24 · Unsecured notes and loans payable
beginning of year $27,804
-
25 · Other liabilities
beginning of year $4,990 · end of year $5,857
-
31 · Retained earnings, endowment or other funds
beginning of year $27,278 · end of year $56,992
Mission and programs · 2022
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 2022 school year, we taught 125 to 150 students 3 days per week during 2022.
Expenses $537,516 · Revenue $588,882
As filed on the 2022 return.
Listed in Part VII
-
Morgan HoneycuttMORGAN HONEYCUTT
DIRECTOR
- Total calculated
- $47,400
- From this org
- $47,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Terri BurtonTERRI BURTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Barbara MolinaBARBARA MOLINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 25
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
- 2022
- Filed
- 9 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322529349300712
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