Nonprofit · EIN 85-4034546
MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL
Tax-exempt · BIRMINGHAM, AL 35209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $5,491,360 | $6,875,618 | -$1,384,258 | $16,984,345 | $19,856,557 | -$2,872,212 |
| September 30, 2024 | 990 | $7,019,114 | $7,474,982 | -$455,868 | $18,564,280 | $19,939,596 | -$1,375,316 |
| September 30, 2023 | 990 | $4,006,761 | $5,574,369 | -$1,567,608 | $4,907,351 | $5,826,799 | -$919,448 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $5,491,360
- of which government grants
- $4,635,812
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $168,877
- Other salaries and wages
- $2,905,610
- Salaries, compensation and benefits (total)
- $5,149,547
- Professional fundraising fees
- $0
- Occupancy
- $148,760
- Program services (functional)
- $6,373,040
- Management and general (functional)
- $502,578
Balance sheet and other
- Total assets, start of year
- $18,564,280
- Total assets, end of year
- $16,984,345
- Total liabilities, end of year
- $19,856,557
- Net assets, end of year
- -$2,872,212
- Land, buildings and equipment
- $43,767
- Net assets without donor restrictions
- -$2,892,093
- Net assets with donor restrictions
- $19,881
- Gross receipts
- $5,491,360
- Employees
- 87
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- AL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Patton Furman | Principal and Superintende Trustee or director | 40 | $116,871 |
| Dr Karen Musgrove | CEO Trustee or director | 10 | $52,006 |
| Dr Larry Contri | Board Chair Trustee or director, Officer | 2 | $0 |
| Ezra Shine EdD | Vice Chair Trustee or director, Officer | 2 | $0 |
| Cece Lacey Kennedy | Secretary Trustee or director, Officer | 2 | $0 |
| Dr Tracee Synco | Executive Committee Trustee or director, Officer | 2 | $0 |
| Dr Tommy Bice | Member Trustee or director | 2 | $0 |
| Jody Thrash | Member Trustee or director | 2 | $0 |
| Jim Wilson Esq | Member Trustee or director | 2 | $0 |
| Amber Lopez Martinez | Member Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Patton Furman | Principal and Superintendent Trustee or director | 40 | $112,285 |
| Dr Karen Musgrove | CEO Trustee or director | 10 | $50,371 |
| Dr Larry Contri | Board Chair Trustee or director, Officer | 1 | $0 |
| Ezra Shine EdD | Vice Chair Trustee or director, Officer | 1 | $0 |
| Cece Lacey Kennedy | Secretary Trustee or director, Officer | 1 | $0 |
| Dr Tracee Synco | Executive Committee Trustee or director, Officer | 1 | $0 |
| Dr Tommy Bice | Member Trustee or director | 1 | $0 |
| Jody Thrash | Member Trustee or director | 1 | $0 |
| Jim Wilson Esq | Member Trustee or director | 1 | $0 |
| Kaamilya Mahdi | Member Trustee or director | 1 | $0 |
| Amber Lopez Martinez | Member Trustee or director | 1 | $0 |
| Abbas Merchant | Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY CONTRI | CHAIR Trustee or director, Officer | 20 | $0 |
| CHRIS FISHER | SECRETARY Officer | 5 | $0 |
| KAREN MUSGROVE | CEO Officer | 0 | $0 |
| EZRA SHINE | VICE CHAIR Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 75 BAGBY DR, BIRMINGHAM, AL 35209-3703
- In care of
- % MICHAEL VINCENT WILSON
- Principal officer (990 for 2024)
- Dr Patton Furman, 75 Bagby Dr, Birmingham, AL 352093703
- Signed the 990
- Karen Musgrove, CEO
- Phone
- (205) 961-3204
- Return prepared by
- Kassouf & Co Inc
Mission
The Magic City Acceptance Academy (MCAA) facilitates a community in which all learners are empowered to embrace education, achieve individual success, and take ownership of their future in a positive learning environment.
Program accomplishments
- The Magic City Acceptance Academy (MCAA) facilitates a community in which all learners are empowered to embrace education, achieve individual success, and take ownership of their future in a positive learning environment.Expenses $6,373,040 · revenue $5,491,360
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 85-4034546
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $16,984,345
- Income (IRS master file)
- $5,491,360
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $5,491,360 | $6,875,618 | $16,984,345 | XML |
| 990 | September 2024 | $7,019,114 | $7,474,982 | $18,564,280 | XML |
| 990 | September 2023 | $4,006,761 | $5,574,369 | $4,907,351 | XML |
| 990 | September 2022 | $4,269,299 | $4,404,689 | $5,890,697 | IRS |
| 990 | September 2021 | $701,653 | $106,015 | $595,638 | 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 85-4034546).
Questions about MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL
- What is the EIN of MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL?
- The employer identification number (EIN) of MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL is 85-4034546.
- Is MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL 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 MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL?
- The 990 for the year ended September 30, 2025 names Dr Patton Furman.
- Who are the officers and directors of MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL?
- The 990 for the year ended September 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $116,871 (Dr Patton Furman, Principal and Superintende).
- How much revenue does MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $5,491,360, expenses of $6,875,618 and total assets of $16,984,345 at year end.
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