Nonprofit · EIN 65-0290712
MAGNET EDUCATIONAL CHOICE ASSOCIATION INC
Tax-exempt · MIAMI, FL 33132
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $376,626 | $377,400 | -$774 | $351,525 | $31,122 | $320,403 |
| June 30, 2024 | 990 | $494,590 | $454,753 | $39,837 | $350,286 | $29,109 | $321,177 |
| June 30, 2023 | 990 | $348,303 | $415,185 | -$66,882 | $294,087 | $12,747 | $281,340 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $369,326
- Program service revenue
- $0
- Investment income
- $7,300
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $43,691
- Salaries, compensation and benefits (total)
- $43,691
- Professional fundraising fees
- $0
- Travel
- $3,132
- Program services (functional)
- $308,801
- Management and general (functional)
- $68,599
Balance sheet and other
- Total assets, start of year
- $350,286
- Total assets, end of year
- $351,525
- Total liabilities, end of year
- $31,122
- Net assets, end of year
- $320,403
- Net assets without donor restrictions
- $15,104
- Net assets with donor restrictions
- $305,299
- Gross receipts
- $376,626
- Employees
- 1
- Volunteers
- 4
- Year formed
- 1991
- State of legal domicile
- FL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA A SIMMONS | CHIEF EXECUTIVE OFFICER (thru Jan 31, 2025) Officer | 8 | $27,540 |
| ROBERT QUINN | CHIEF EXECUTIVE OFFICER (from Feb 1, 2025) Officer | 8 | $17,620 |
| JUDITH STEIN | DIRECTOR Trustee or director | 2 | $0 |
| ELBE BURKE | DIRECTOR Trustee or director | 2 | $0 |
| JESSIANN M SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| VALDA MCKINNEY | DIRECTOR Trustee or director | 2 | $0 |
| NATOIA MCGARRELL | DIRECTOR Trustee or director | 2 | $0 |
| BERT SILVESTRE | DIRECTOR Trustee or director | 2 | $0 |
| STEPHANIE LEGER | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN MUNOZ | DIRECTOR Trustee or director | 2 | $0 |
| BENTON LAUNERTS | CHAIR / PRESIDENT (thru Jan 31, 2025) Officer | 2 | $0 |
| LUIS SANCHEZ | CHAIR / PRESIDENT (from Feb 1, 2025) Officer | 2 | $0 |
| SARAH TUSKEY | TREASURER Officer | 2 | $0 |
| DIANA MORALES | SECRETARY Officer | 2 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA A SIMMONS | CHIEF EXECUTIVE OFFICER Officer | 8 | $43,740 |
| JUDITH STEIN | DIRECTOR Trustee or director | 2 | $0 |
| LUIS SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| ELBE BURKE | DIRECTOR Trustee or director | 2 | $0 |
| JESSIANN M SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| VALDA MCKINNEY | DIRECTOR Trustee or director | 2 | $0 |
| NATOIA MCGARRELL | DIRECTOR Trustee or director | 2 | $0 |
| BERT SILVERSTRE | DIRECTOR Trustee or director | 2 | $0 |
| STEPHANIE LEGER | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN MUNOZ | DIRECTOR Trustee or director | 2 | $0 |
| SARAH TUSKEY | TREASURER Officer | 2 | $0 |
| DIANA MORALES | SECRETARY Officer | 2 | $0 |
| BENTON LAUNERTS | CHAIR / PRESIDENT Officer | 2 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA A SIMMONS | CHIEF EXECUTIVE OFFICER Officer | 8 | $21,760 |
| JUDITH STEIN | DIRECTOR Trustee or director | 2 | $0 |
| LUIS SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| ELBE BURKE | DIRECTOR Trustee or director | 2 | $0 |
| JESSIANN M SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| VALDA MCKINNEY | DIRECTOR Trustee or director | 2 | $0 |
| NATOIA MCGARRELL | DIRECTOR Trustee or director | 2 | $0 |
| BERT SILVERSTRE | DIRECTOR Trustee or director | 2 | $0 |
| STEPHANIE LEGER | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN MUNOZ | DIRECTOR Trustee or director | 2 | $0 |
| SARAH TUSKEY | TREASURER Officer | 2 | $0 |
| DIANA MORALES | SECRETARY Officer | 2 | $0 |
| BENTON LAUNERTS | CHAIR / PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 NE 2ND AVENUE ROOM 409, MIAMI, FL 33132-1309
- Principal officer (990 for 2024)
- SARAH TUSKEY, 1501 NE 2nd Ave 409, Miami, FL 33132
- Signed the 990
- SARAH TUSKEY, TREASURER
- Phone
- (305) 995-1000
- Return prepared by
- HLB GRAVIER LLP
Mission
IMPLEMENTATION OF SPECIALIZED PROGRAMS FOR SCHOOLS.
Program accomplishments
- Various Miami-Dade County Magnet School Programs including the Academy of Hospitality and Tourism, Future Business Leaders of America (FBLA), Academy of Finance, Theatre Arts, Musical Arts (Rock Program), and the Distributive Education (DECA) Programs. The Academy of Hospitality and Tourism opens career opportunities in the tourism field; provides a solid college preparation education in the traditional academic subjects. The Academy partners with the National Academy Foundation (NAF) to provide the Senior High School programs with resources as well as opportunities for summer employment.Various Other ProgramsThere are numerous other programs that support the Association's purpose of providing educational resources and advanced programs to the Magnet School Program in Miami-Dade County, Florida, and obtaining private sector involvement to provide funds for education.Expenses $308,801
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0290712
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $351,525
- Income (IRS master file)
- $376,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $376,626 | $377,400 | $351,525 | XML |
| 990 | June 2024 | $494,590 | $454,753 | $350,286 | IRS |
| 990 | June 2023 | $348,303 | $415,185 | $294,087 | XML |
| 990 | June 2022 | $345,084 | $354,182 | $368,718 | IRS |
| 990 | June 2021 | $156,435 | $213,007 | $359,682 | 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 65-0290712).
Questions about MAGNET EDUCATIONAL CHOICE ASSOCIATION INC
- What is the EIN of MAGNET EDUCATIONAL CHOICE ASSOCIATION INC?
- The employer identification number (EIN) of MAGNET EDUCATIONAL CHOICE ASSOCIATION INC is 65-0290712.
- Is MAGNET EDUCATIONAL CHOICE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MAGNET EDUCATIONAL CHOICE ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNET EDUCATIONAL CHOICE ASSOCIATION 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 MAGNET EDUCATIONAL CHOICE ASSOCIATION 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 MAGNET EDUCATIONAL CHOICE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAGNET EDUCATIONAL CHOICE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names SARAH TUSKEY.
- Who are the officers and directors of MAGNET EDUCATIONAL CHOICE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $27,540 (DEBRA A SIMMONS, CHIEF EXECUTIVE OFFICER (thru Jan 31, 2025)).
- How much revenue does MAGNET EDUCATIONAL CHOICE ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $376,626, expenses of $377,400 and total assets of $351,525 at year end.
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