2025-01-15T08:22:42-06:00 2024-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2023-07-01 954649884 MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION MAGN 7148925066 250 E 1ST ST 1500 LOS ANGELES CA 90012 STEVE BUDHRAJA CFO 7148925066 2025-01-13 1 0 CATHERINE L GRAY CPA P01294460 9094664410 2025-01-13 2023 2024-10-15 13:58:12Z STEVE BUDHRAJA 250 E 1ST ST 1500 LOS ANGELES CA 90012 84399638 0 X N/A X 2005 CA MERF OPERATED ELEVEN MAGNOLIA SCIENCE ACADEMY (MSA) KINDERGARTEN THROUGH GRADE TWELVE CHARTER SCHOOLS SERVING 3,890 STUDENTS THROUGHOUT CALIFORNIA DEDICATED TO INSPIRING STUDENTS TO CHOOSE CAREER PATHS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM), WHILE PROVIDING A ROBUST, STANDARDS-BASED EDUCATION PROGRAM WITHIN A SUPPORTIVE CULTURE OF EXCELLENCE. 6 6 0 0 0 0 70047096 75816762 0 0 485432 65249 -38556484 8517627 31976044 84399638 0 0 0 0 48289363 51715343 0 0 0 28655978 26848979 76945341 78564322 -44969297 5835316 69109481 76058129 68949347 72312052 160134 3746077 X OUR MISSION IS TO RAISE CIVICALLY RESPONSIBLE SCIENTIFIC THINKERS.MPS IS A NETWORK OF 10 HIGH-PERFORMING PUBLIC CHARTER SCHOOLS THAT SERVES 3890 STUDENTS IN LOS ANGELES,ORANGE,AND SAN DIEGO COUNTIES. THE SCHOOLS ARE AUTHORIZED BY THE LOS ANGELES UNIFIED SCHOOL DISTRICT (4), LOS ANGELES COUNTY OFFICE OF EDUCATION (4), SAN DIEGO UNIFIED SCHOOL DISTRICT (1) AND THE CALIFORNIA DEPARTMENT OF EDUCATION (1). FOR MORE THAN 15 YEARS, MPS HAS DELIVERED HIGH-QUALITY EDUCATION EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH. U.S. NEWS AND WORLD REPORT AND THE WASHINGTON POST RANK MPS SCIENCE ACADEMIES AMONG THE TOP SCHOOLS IN THE COUNTRY. 0 0 51005340 MERF OPERATES TEN MAGNOLIA SCIENCE ACADEMIES (MSA) SERVING 3,715 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE CHARTER THROUGHOUT CALIFORNIA. 51005340 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 7148925066 250 E 1ST ST 1500 LOS ANGELES CA 90012 X DR UMIT YAPENEL DIRECTOR 2.00 X 0 0 0 SALIH DIKBAS DIRECTOR 2.00 X 0 0 0 SANDRA COVARRUBIAS VICE CHAIR 2.00 X X 0 0 0 DIANE GONZALEZ DIRECTOR 2.00 X 0 0 0 MEKAN MUHAMMEDOV CHAIR 2.00 X X 0 0 0 ESRA ELDEM-TUNC DIRECTOR 2.00 X 0 0 0 ALFREDO RUBALCAVA CEO 40.00 X 255694 0 18663 STEVE BUDHRAJA CHIEF FINANCIAL OFFICER 40.00 X 187269 0 12442 PATRICK ANTON ONTIVEROS CHIEF FACILITY OFFICER 40.00 X 190935 0 6979 SUAT ACAR CHIEF OPERATING OFFICE 40.00 X 181949 0 18663 ERDINC ACAR DEPUTY SUPERINTENDENT 40.00 X 190890 0 18663 DAVID E YILMAZ CHIEF ACCOUNTABILITY OFFIC 40.00 X 183994 0 18663 BRENDA LOPEZ CHIEF EXTERNAL OFFICER 40.00 X 167781 0 18663 TURAN CAFER SENIOR CONTROLLER 40.00 X 149312 0 33444 1507824 0 146180 8 0 1 0 RIDERS EXPRESS PO BOX 923548 SYLMAR CA 91392 STUDENT TRANSPORTATION 525686 1 49000 75767762 75816762 65249 65249 0 49000 0 0 LEASE OBLIGATION 900099 8517627 8517627 8517627 84399638 8517627 0 65249 671982 274357 397625 36094578 24287877 11806701 5069810 5001670 68140 9878973 7297340 2581633 10409 10409 3164359 3164359 404280 404280 1130271 615401 514870 482712 482712 7107532 411752 6695780 172199 172199 146 146 2761435 2761435 1684083 1684083 694991 694991 STUDENT ACTIVITIES 2191209 2191209 SPECIAL EDUCATION 1340307 1340307 BOOKS AND OTHER MATERIA 1340183 1340183 CAPITAL OUTLAY 1092460 1092460 3272403 2224554 1047849 78564322 51005340 27558982 0 39137398 43849745 349445 581649 40378021 11036739 26834700 29341282 2787938 2285453 69109481 76058129 45140371 49904987 3774168 3754036 17340855 16551798 2693953 2101231 68949347 72312052 X 160134 3746077 160134 3746077 69109481 76058129 X 5835316 -2249373 X 0 1 X 1 0 X 48841101 63574596 66183849 70047096 75816762 324463404 48841101 63574596 66183849 70047096 75816762 324463404 0 0 0 324463404 34748 35200 485432 65249 620629 34748 35200 485432 65249 620629 48841101 63609344 66219049 70532528 75882011 325084033 0.99810 0.99810 0.00190 0.00190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24023424 4581558 19441866 5406453 557432 4849021 6570390 5897749 672641 4377754 4377754 29341282 OPERATING LEASE LIABILITY 1059938 FINANCE LEASE LIABILITY 1041293 2101231 X 84399638 0 84399638 0 84399638 78564322 0 78564322 0 78564322 PART X, LINE 2: MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE BIG GIVE 49000 49000 49000 49000 X 0 0 0 0 0 0 0 0 0 ALFREDO RUBALCAVA CEO 255694 0 0 0 0 0 0 0 18663 0 274357 0 0 0 ERDINC ACAR DEPUTY SUPERINTENDENT 190890 0 0 0 0 0 0 0 18663 0 209553 0 0 0 DAVID E YILMAZ CHIEF ACCOUNTABILITY OFFIC 183994 0 0 0 0 0 0 0 18663 0 202657 0 0 0 SUAT ACAR CHIEF OPERATING OFFICE 181949 0 0 0 0 0 0 0 18663 0 200612 0 0 0 STEVE BUDHRAJA CHIEF FINANCIAL OFFICER 187269 0 0 0 0 0 0 0 12442 0 199711 0 0 0 PATRICK ANTON ONTIVEROS CHIEF FACILITY OFFICER 190935 0 0 0 0 0 0 0 6979 0 197914 0 0 0 BRENDA LOPEZ CHIEF EXTERNAL OFFICER 167781 0 0 0 0 0 0 0 18663 0 186444 0 0 0 TURAN CAFER SENIOR CONTROLLER 149312 0 0 0 0 0 14781 0 18663 0 182756 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B OFFICERS REVIEWED THE RETURN AND WILL SHARE WITH THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, EXECUTIVE STAFF AND PRINCIPALS ARE REQUIRED TO SUBMIT REPORTS THAT DOCUMENT ANY POSSIBLE CONFLICTS OF INTEREST USING THE FORM 700 AS REQUIRED BY OUR OVERSIGHT AGENCY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE WHICH IS A SUBCOMMITTEE OF THE BOARD OF DIRECTORS SETS THE COMPENSATION FOR THE TOP OFFICIALS. KEY EMPLOYEE COMPENSATION IS SET BY THE CEO. FORM 990, PART VI, SECTION C, LINE 18 ALL TAX RETURNS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990 PART VII SECTION A COLUMN F THE ORGANIZATION PARTICIPATES IN THE PUBLIC EMPLOYEE RETIREMENT SYSTEM OF CALIFORNIA AND STATE TEACHERS RETIREMENT SYSTEM, DEFINED BENEFIT PLANS, DUE TO THE SIZE AND VARIED PARTICIPANTS IN THIS PLAN THE ACTUARIAL VALUE IS NOT CALCULATED ON A PER EMPLOYEE BASIS. NO AMOUNT IS INCLUDED IN COLUMN F FOR A REASONABLE ESTIMATE OF THE INCREASE IN ACTUARIAL VALUE. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFERS -2,249,373. MAGNOLIA PROPERTY MANAGEMENT 250 E FIRST ST LOS ANGELES CA 90012 454683724 EDUCATIONAL FACILITIES CA 501(C)(3) LINE 11 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0