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Nonprofit · EIN 74-2699760

MAGNET SCHOOLS OF THE MIDSOUTH INC

Tax-exempt (reinstated) · RICHMOND, TX 77406

Financials

$43K$20K2023$6K$3K2024$22K$32K2025
Revenue Expenses · by fiscal year end
Financials of MAGNET SCHOOLS OF THE MIDSOUTH INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990-PF$22,110$31,685-$9,575$0$0$27,337
June 30, 2025990-PF$6,375$3,199$3,176$0$0$36,912
June 30, 2024990-PF$43,410$20,486$22,924$0$0$33,736
Financial details: 990-PF for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$22,110

Expenses

Grants and similar amounts paid
$0

Balance sheet and other

Total assets, start of year
$36,912
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets, end of year
$27,337
Fair market value of assets
$27,337

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-PF for the year ended June 30, 2026, highest compensation first.

NameTitleHours / weekCompensation
ANNETTE SCOTT
4734 BELL MOUNTIAN DRIVE, KATY, TX 77449
TREASURE3$0
990-PF for the year ended June 30, 2025: 1 people
NameTitleHours / weekCompensation
ANNETTE SCOTT
4734 BELL MOUNTIAN DRIVE, KATY, TX 77449
TREASURER3$0
990-PF for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
LINDSEY POLLOCK
5243 CREEK BEND, HOUSTON, TX 77096
MEMBER3$0
THERESA PORTER
1464 HAVENWOOD DR, BATON ROUGE, LA 70815
MEMBER3$0
OLIVIA BOATNER
620 EAST 35TH STREET, HOUSTON, TX 77022
SECRETARY3$0
ANNETTE SCOT
4734 BELL MOUNTAIN DRIVE, KATY, TX 77449
TREASURER3$0

Address and contacts

Address (IRS master file)
PO BOX 403, RICHMOND, TX 77406-0011
In care of
% GLENN HENDRICKS
Signed the 990-PF
ANNETTE SCOTT, TREASURER
Phone
(281) 878-0360
Return prepared by
WEEKEND TAX

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990-PF on file
2024June 30, 2025November 17, 2025990-PF on file
2023June 30, 2024November 15, 2024990-PF on file

IRS record

EIN
74-2699760
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2016
Accounting year ends
June
Files
Form 990-PF
Category (NTEE)
Education (B80)
Assets (IRS master file)
$27,337
Income (IRS master file)
$22,110

Revocation and reinstatement

Exemption revoked
November 15, 2014
Posted by the IRS
March 9, 2015
Reinstated
Effective November 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJune 2026$22,110$31,685$0XML
990-PFJune 2025$6,375$3,199$0XML
990-PFJune 2024$43,410$20,486$0XML
990-PFJune 2021–––IRS
990-PFJune 2019–––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 74-2699760).

Questions about MAGNET SCHOOLS OF THE MIDSOUTH INC

What is the EIN of MAGNET SCHOOLS OF THE MIDSOUTH INC?
The employer identification number (EIN) of MAGNET SCHOOLS OF THE MIDSOUTH INC is 74-2699760.
Is MAGNET SCHOOLS OF THE MIDSOUTH INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2014 and reinstated it effective November 15, 2014.
Are donations to MAGNET SCHOOLS OF THE MIDSOUTH INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MAGNET SCHOOLS OF THE MIDSOUTH INC file?
Form 990-PF. Private foundations file every year.
When is the next return of MAGNET SCHOOLS OF THE MIDSOUTH INC due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNET SCHOOLS OF THE MIDSOUTH INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended June 2026.
Who are the officers and directors of MAGNET SCHOOLS OF THE MIDSOUTH INC?
The 990-PF for the year ended June 30, 2026 lists 1 person; 0 received compensation from the organization.
How much revenue does MAGNET SCHOOLS OF THE MIDSOUTH INC have?
On its 990-PF for the year ended June 30, 2026 it reported revenue of $22,110, expenses of $31,685 and total assets of $0 at year end.

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