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← CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION

Form 990 for tax year 2024

Filed by CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION.

Totals

Total revenue
$1,157,617
Total expenses
$0
Contributions and grants received
$1,156,870
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$746
Total assets, end of year
$63
Total liabilities, end of year
$1,267
Net assets or fund balances, end of year
-$1,204
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 1d · Related organizations

    $1,156,870

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1 · excluded $1

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $746 · excluded $746

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $746

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,621 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $63 · end of year $63

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,013 · end of year $1,267

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,161,492 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,158,821 · end of year -$1,204

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL TRAINING, HOUSING ACCOMMODATIONS AND SPECIALLY DESIGNED FACILITIES, EQUIPPED AND OPERATED TO MEET THE PHYSICAL, MENTAL, INTELLECTUAL, EMOTIONAL AND SOCIAL NEEDS OF CHILDREN AND ADULTS WITH DISABILITIES.

  • ASSIST FAMILIES OF CHILDREN AND ADULT PHYSICAL MENTAL, AND DEVELOPMENTAL DISABILITIES IN OBTAINING RESIDENTIAL AND EDUCATIONAL SERVICES.

As filed on the 2024 return.

Listed in Part VII

  • Edward C Sweeney

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.4 + 11.6 related

  • Eileen M Naughton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4 + 7.7 related

  • Ellen Alemany

    VICE CHAIRPERSON (AS OF 12/10/24)

    Total calculated
    $0
    Hours/week
    0.1 + 4.8 related

  • Michael J Dubilier

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 9.6 related

  • Kim Raisler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 5.2 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.1
Source object
202532979349302113

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