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Nonprofit · EIN 76-0699381

MAGNOLIA EDUCATION FOUNDATION

Tax-exempt · MAGNOLIA, TX 77353

Financials

$242K$173K2022
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2023990$242,386$172,655$69,731$156,827$0$156,827
Financial details: 990 for the year ended May 31, 2023

Revenue

Contributions, gifts and grants
$235,409
Program service revenue
$0
Investment income
$57
Other revenue
$6,920

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$500
Program services (functional)
$172,655

Balance sheet and other

Total assets, start of year
$87,096
Total assets, end of year
$156,827
Total liabilities, end of year
$0
Net assets, end of year
$156,827
Net assets without donor restrictions
$90,848
Net assets with donor restrictions
$65,979
Gross receipts
$242,386
Employees
0
Year formed
2001
State of legal domicile
TX

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 May 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
TAMMIE GAICONA-FREEMANVICE PRESIDE
Trustee or director, Officer
10$0
TINA MESSINAPRESIDENT
Trustee or director, Officer
10$0
PATRICIA SASSTREASURER
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
PO BOX 55, MAGNOLIA, TX 77353-0055
In care of
% DACIA R OWENS PRESIDENT
Principal officer (990 for 2022)
TINA MESSINA, 40619 SPENCER CT, MAGNOLIA, TX 77354
Signed the 990
TINA MESSINA, PRESIDENT
Phone
(713) 854-9149
Return prepared by
SILVER ACCOUNTING GROUP LLC

Mission

NON PROFIT MISSION STATEMENT IS DIRECTED TO THE RAISING OF FUNDS WITH THE PROCEEDS USED FOR EDUCATIONAL PURPOSES RELATED TO THE SCHOOL DISTRICT. THE LIBRARY AND THE TEACHERS WHOM WORK AT THE SCHOOL PROCEEDS SUPPLY BOOKS, TEACHER SUPLY REIMBURSEMENTS AND PLAY GROUND EQUIPMENT FOR THE SCHOOL. ALL OF THESE PROGRAMS ARE MANAGED BY PARENTS WHOM OFFER THEIR TIME AT NO CHARGE.

990 for the year ended May 31, 2023

Program accomplishments

  • GRANTS WERE MADE TO SCHOOL DISTRICT TEACHERS, TO STUDENTS OF THE DISTRICT WHOM WERE HEADED TO COLLEGE.
    Expenses $123,013
  • GRANTS WERE MADE TO SCHOOL DISTRICT TEACHERS, TO STUDENTS OF THE DISTRICT WHOM WERE HEADED TO COLLEGE.
    Expenses $49,642

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 May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025Not on file
2023May 31, 2024October 15, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

IRS record

EIN
76-0699381
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
2002
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$156,827
Income (IRS master file)
$242,386

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2023$242,386$172,655$156,827XML
990May 2022$219,287$196,326$87,096IRS
990May 2021–––IRS
990May 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 76-0699381).

Questions about MAGNOLIA EDUCATION FOUNDATION

What is the EIN of MAGNOLIA EDUCATION FOUNDATION?
The employer identification number (EIN) of MAGNOLIA EDUCATION FOUNDATION is 76-0699381.
Is MAGNOLIA EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to MAGNOLIA EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNOLIA EDUCATION FOUNDATION 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 MAGNOLIA EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNOLIA EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2023.
Who is the principal officer of MAGNOLIA EDUCATION FOUNDATION?
The 990 for the year ended May 31, 2023 names TINA MESSINA.
Who are the officers and directors of MAGNOLIA EDUCATION FOUNDATION?
The 990 for the year ended May 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does MAGNOLIA EDUCATION FOUNDATION have?
On its 990 for the year ended May 31, 2023 it reported revenue of $242,386, expenses of $172,655 and total assets of $156,827 at year end.

Other nonprofits in MAGNOLIA

All nonprofits in MAGNOLIA · Texas · Philanthropy, voluntarism and grantmaking foundations