Form 990 for tax year 2022
Filed by MAGNOLIA SPEECH SCHOOL FOR THE DEAF.
Totals
- Total revenue
- $3,866,736
- Total expenses
- $2,939,151
- Contributions and grants received
- $3,045,128
- Grants paid
- $0
- Program service revenue
- $766,982
- Investment income
- $54,626
- Other revenue
- $0
- Total assets, end of year
- $18,706,974
- Total liabilities, end of year
- $2,959,023
- Net assets or fund balances, end of year
- $15,747,951
- Program services expenses (Part IX)
- $2,434,114
- Management and general expenses
- $483,766
- Fundraising expenses
- $21,271
- Program service expenses (Part III)
- $2,434,114
Program services were 82.8% 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
$377,761
-
1d · Related organizations
$39,000
-
1e · Government grants (contributions)
$1,102,251
-
1f · All other contributions, gifts and grants
$1,526,116
-
1g · Noncash contributions included above
$9,000
-
2a · Program service revenue: TUITION AND FEES
total $766,982 · related or exempt $766,982
-
3 · Investment income
total $54,626 · excluded $54,626
-
8a · Fundraising events: gross income
$118,831
-
8a · Fundraising events: contributions included on line 1c
$377,761
-
8b · Fundraising events: direct expenses
$118,831
-
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 $80,231 · program services $64,061 · management and general $12,483 · fundraising $3,687
-
7 · Other salaries and wages
total $1,395,116 · program services $1,219,491 · management and general $149,805 · fundraising $25,820
-
9 · Other employee benefits
total $142,405 · program services $123,892 · management and general $15,665 · fundraising $2,848
-
10 · Payroll taxes
total $104,714 · program services $91,101 · management and general $11,519 · fundraising $2,094
-
11b · Fees: legal
total $42,398 · management and general $42,398
-
11c · Fees: accounting
total $37,686 · management and general $37,686
-
11f · Fees: investment management
total $9,450 · management and general $9,450
-
11g · Fees: other
total $48,246 · program services $48,246
-
13 · Office expenses
total $42,946 · program services $26,213 · management and general $16,733
-
14 · Information technology
total $66,888 · program services $64,212 · management and general $2,676
-
16 · Occupancy
total $265,499 · program services $254,879 · management and general $10,620
-
17 · Travel
total $16,743 · program services $16,073 · fundraising $670
-
19 · Conferences, conventions and meetings
total $2,756 · program services $2,756
-
20 · Interest
total $139,204 · management and general $139,204
-
22 · Depreciation, depletion and amortization
total $503,775 · program services $483,624 · management and general $20,151
-
23 · Insurance
total $41,215 · program services $39,566 · management and general $1,649
-
24a · Other expenses: CAPITAL CAMPAIGN
total $54,402 · fundraising $54,402
-
24b · Other expenses: ADMINISTRATIVE
total $13,727 · management and general $13,727
-
24c · Other expenses: FUNDRAISING
total $8,343 · fundraising $8,343
-
24d · Other expenses: ALLOWANCE FOR PLEDGES
total -$76,593 · fundraising -$76,593
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,808,693 · end of year $1,929,173
-
2 · Savings and temporary cash investments
beginning of year $1,334,073 · end of year $546,722
-
3 · Pledges and grants receivable
beginning of year $2,754,000 · end of year $1,431,564
-
4 · Accounts receivable
beginning of year $26,593 · end of year $36,517
-
9 · Prepaid expenses and deferred charges
beginning of year $9,603 · end of year $44,662
-
10a · Land, buildings and equipment: cost or other basis
$15,724,634
-
10b · Land, buildings and equipment: accumulated depreciation
$1,859,561
-
10c · Land, buildings and equipment, net
beginning of year $12,830,234 · end of year $13,865,073
-
11 · Investments: publicly traded securities
beginning of year $744,460 · end of year $853,263
-
17 · Accounts payable and accrued expenses
beginning of year $809,007 · end of year $76,257
-
19 · Deferred revenue
beginning of year $37,930 · end of year $40,661
-
24 · Unsecured notes and loans payable
beginning of year $4,859,789 · end of year $2,842,105
-
27 · Net assets without donor restrictions
beginning of year $9,576,231 · end of year $12,989,357
-
28 · Net assets with donor restrictions
beginning of year $5,224,699 · end of year $2,758,594
Mission and programs · 2022
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 $2,434,114 · Revenue $766,982
As filed on the 2022 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
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DONNA KAYE BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR ANITA GOWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR BILL SELLERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR GRACE STURDIVANT
VICE CHAIR/DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DR STEPHANIE HENDERSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY ROBERTSON
PERSONNEL CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LA'VERNE EDNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MAC DEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARCY SCOGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MITCH STRINGER
IMMEDIATE PAST CHAIR/LEGISLATIVE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
REBECCA VAUGHN
TREASURER/FINANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT JONES
BUILDING/NOMINATING CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SHANNON MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WALTER WEEMS
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
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420229349301582
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