MAGNOLIA PROPERTIES MANAGEMENT INC

As filed

Subsection

03

NTEE code

B12

Classification

1000

Street

250 E 1ST ST STE 1500

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• TO OWN, LEASE AND FINANCE EDUCATIONAL FACILITIES FOR THE CHARTER SCHOOLS OPERATED BY MAGNOLIA PUBLIC SCHOOLS.

  Expenses $6,961,192 · Revenue $4,807,390

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $604,452

  Expenses

  $7,039,867

  Contributions

  $478,327

  Grants paid

  $0

• 2023

  Revenue

  $1,504,503

  Expenses

  $2,715,704

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $53,423,196

  Expenses

  $2,398,257

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,307,270

  Expenses

  $2,486,971

  Assets (EOY)

  $30,634,440

• 2020 · 990

  Revenue

  $2,387,678

  Expenses

  $2,417,478

  Assets (EOY)

  $31,258,494

• 2019 · 990

  Revenue

  $2,530,294

  Expenses

  $1,909,257

  Assets (EOY)

  $31,828,201

• 2018 · 990

  Revenue

  $2,966,696

  Expenses

  $1,887,948

  Assets (EOY)

  $34,417,249

• 2017 · 990

  Revenue

  $947,294

  Expenses

  $1,190,922

  Assets (EOY)

  $33,428,501

• 2016 · 990

  Revenue

  $446,911

  Expenses

  $453,263

  Assets (EOY)

  $6,477,365

• 2015 · 990

  Revenue

  $447,511

  Expenses

  $647,515

  Assets (EOY)

  $6,563,717

• 2014 · 990

  Revenue

  $447,519

  Expenses

  $80,361

  Assets (EOY)

  $6,387,158

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION

  $478,327

  2024 · FOR USE IN FOUNDATION PROGRAMS

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files