Nonprofit · EIN 20-3971056
MAGELLAN EDUCATION FOUNDATION INC
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $474,892 | $362,170 | $112,722 | $7,470,061 | $4,437,008 | $3,033,053 |
| June 30, 2023 | 990 | $365,340 | $331,248 | $34,092 | $7,474,445 | $4,551,422 | $2,923,023 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $77,962
- Program service revenue
- $365,682
- Investment income
- $31,248
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $201,521
- Program services (functional)
- $362,170
Balance sheet and other
- Total assets, start of year
- $7,474,445
- Total assets, end of year
- $7,470,061
- Total liabilities, end of year
- $4,437,008
- Net assets, end of year
- $3,033,053
- Land, buildings and equipment
- $6,241,348
- Gross receipts
- $474,892
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2005
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JESSICA O'DONOVAN | SECRETARY Trustee or director, Officer | 2 | $0 | $144,000 | $14,309 |
| BRUCE BOUCHER | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM DERRICKSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUZY ALLAIRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM NOWAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SEAN WITTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIKE LOTTERHOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JESSICA O'DONOVAN | SECRETARY Trustee or director, Officer | 2 | $0 | $138,050 | $15,529 |
| BRUCE BOUCHER | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM DERRICKSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JESSICA OEHLRICH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALLISON PULLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SEAN WITTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIKE LOTTERHOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9324 BAILEYWICK RD, RALEIGH, NC 27615-1909
- In care of
- % MS GINA RIGGINS
- Principal officer (990 for 2023)
- BRUCE BOUCHER, 9324 BAILEYWICK ROAD, RALEIGH, NC 27615
- Signed the 990
- BRUCE BOUCHER, PRESIDENT
- Phone
- (919) 844-0277
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
Mission
TO SUPPORT AND MANAGE ASSETS FOR THE MAGELLAN CHARTER SCHOOL AND OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THAT SCHOOL AND ITS PROGRAMS.
Program accomplishments
- PROVIDED ASSET MANAGEMENT AND SUPPORT FOR THE MAGELLAN CHARTER SCHOOL AND ITS PROGRAMSExpenses $362,170 · revenue $365,682
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3971056
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $7,470,061
- Income (IRS master file)
- $474,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $474,892 | $362,170 | $7,470,061 | IRS |
| 990 | June 2023 | $365,340 | $331,248 | $7,474,445 | XML |
| 990 | June 2022 | $323,820 | $361,725 | $7,107,279 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3971056).
Questions about MAGELLAN EDUCATION FOUNDATION INC
- What is the EIN of MAGELLAN EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of MAGELLAN EDUCATION FOUNDATION INC is 20-3971056.
- Is MAGELLAN EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MAGELLAN EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MAGELLAN EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAGELLAN EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGELLAN EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of MAGELLAN EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names BRUCE BOUCHER.
- Who are the officers and directors of MAGELLAN EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAGELLAN EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $474,892, expenses of $362,170 and total assets of $7,470,061 at year end.
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