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Nonprofit · EIN 95-4649884

MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION

Tax-exempt · ANAHEIM, CA 92807

Financials

$32M$76.9M2022$84.4M$78.6M2023$86.4M$84.4M2024
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$86,364,539$84,439,598$1,924,941$100,711,421$92,111,932$8,599,489
June 30, 2024990$84,399,638$78,564,322$5,835,316$76,058,129$72,312,052$3,746,077
June 30, 2023990$31,976,044$76,945,341-$44,969,297$69,109,481$68,949,347$160,134
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$86,261,072
of which government grants
$79,683,275
Program service revenue
$0
Investment income
$103,467
Other revenue
$0

Expenses

Grants and similar amounts paid
$478,327
Compensation of officers, directors and key employees
$940,473
Other salaries and wages
$39,798,942
Salaries, compensation and benefits (total)
$57,076,871
Professional fundraising fees
$0
Legal fees
$361,708
Accounting fees
$92,772
Occupancy
$6,123,837
Travel
$203,550
Depreciation
$1,248,283
Program services (functional)
$54,642,205
Management and general (functional)
$29,797,393

Balance sheet and other

Total assets, start of year
$76,058,129
Total assets, end of year
$100,711,421
Total liabilities, end of year
$92,111,932
Net assets, end of year
$8,599,489
Land, buildings and equipment
$56,265,860
Net assets without donor restrictions
$8,599,489
Gross receipts
$86,364,539
Employees
615
Volunteers
6
Year formed
2005
State of legal domicile
CA

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.

NameTitleHours / weekCompensationOther / benefits
ALFREDO RUBALCAVACEO
Officer
40$267,271$20,292
ERDINC ACARDEPUTY SUPERINTENDENT
Key employee
40$215,350$20,292
SUAT ACARCHIEF OPERATING OFFICER
Highest-paid employee
40$200,653$20,292
STEVE BUDHRAJACHIEF FINANCIAL OFFICER
Officer
40$205,166$13,528
PATRICK ANTON ONTIVEROSCHIEF FACILITY OFFICER
Highest-paid employee
40$197,612$20,292
DAVID E YILMAZCHIEF ACCOUNTABILITY OFFICER
Highest-paid employee
40$194,024$20,292
YEZENIA DEL CARPIOCHIEF PEOPLE OFFICER
Highest-paid employee
40$181,791$28,354
GOKHAN SERCECHIEF ACADEMIC OFFICER
Key employee
40$187,492$11,082
DR BRENDA OLIVARESCHIEF EXTERNAL OFFICER
Highest-paid employee
40$169,615$20,292
SANDRA COVARRUBIASVICE CHAIR
Trustee or director, Officer
2$0$0
MEKAN MUHAMMEDOVCHAIR
Trustee or director, Officer
2$0$0
UMIT YAPENEL PHDDIRECTOR
Trustee or director
2$0$0
DIANE GONZALEZDIRECTOR
Trustee or director
2$0$0
SALIH DIKBAS PH DDIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
ALFREDO RUBALCAVACEO
Officer
40$255,694$18,663
ERDINC ACARDEPUTY SUPERINTENDENT
Highest-paid employee
40$190,890$18,663
DAVID E YILMAZCHIEF ACCOUNTABILITY OFFIC
Highest-paid employee
40$183,994$18,663
SUAT ACARCHIEF OPERATING OFFICE
Highest-paid employee
40$181,949$18,663
STEVE BUDHRAJACHIEF FINANCIAL OFFICER
Officer
40$187,269$12,442
PATRICK ANTON ONTIVEROSCHIEF FACILITY OFFICER
Key employee
40$190,935$6,979
BRENDA LOPEZCHIEF EXTERNAL OFFICER
Highest-paid employee
40$167,781$18,663
TURAN CAFERSENIOR CONTROLLER
Highest-paid employee
40$149,312$33,444
DR UMIT YAPENELDIRECTOR
Trustee or director
2$0$0
SALIH DIKBASDIRECTOR
Trustee or director
2$0$0
SANDRA COVARRUBIASVICE CHAIR
Trustee or director, Officer
2$0$0
DIANE GONZALEZDIRECTOR
Trustee or director
2$0$0
MEKAN MUHAMMEDOVCHAIR
Trustee or director, Officer
2$0$0
ESRA ELDEM-TUNCDIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
ALFREDO RUBALCAVACEO
Officer
40$248,000$19,572
DAVID E YILMAZCHIEF ACCOUNTABILITY OFFIC
Highest-paid employee
40$177,263$19,572
ERDINC ACARDEPUTY SUPERINTENDENT
Highest-paid employee
40$176,038$19,572
SUAT ACARCHIEF OPERATING OFFICE
Highest-paid employee
40$175,763$19,572
STEVE BUDHRAJACHIEF FINANCIAL OFFICER
Officer
40$171,423$13,077
PATRICK ANTON ONTIVEROSCHIEF FACILITY OFFICER
Key employee
40$184,217$0
BRENDA OLIVARESCHIEF EXTERNAL OFFICER
Highest-paid employee
40$160,160$19,572
RASUL MONOSHEVIT DIRECTOR
Highest-paid employee
40$144,814$19,995
DR UMIT YAPENELDIRECTOR
Trustee or director
2$0$0
SALIH DIKBASDIRECTOR
Trustee or director
2$0$0
SANDRA COVARRUBIASVICE CHAIR
Trustee or director, Officer
2$0$0
DIANE GONZALEZDIRECTOR
Trustee or director
2$0$0
MEKAN MUHAMMEDOVCHAIR
Trustee or director, Officer
2$0$0
ESRA ELDEM-TUNCDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1891 N KELLOGG DR, ANAHEIM, CA 92807-1203
In care of
% ADNAN DOYURAN
Principal officer (990 for 2024)
CAFER TURAN, 250 E 1ST ST STE 1500, LOS ANGELES, CA 90012
Signed the 990
CAFER TURAN, INTERIM CFO
Phone
(714) 892-5066
Return prepared by
EIDE BAILLY LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 95-4649884 or by the name MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

MAGNOLIA PUBLIC SCHOOLS PROVIDES A COLLEGE PREPARATORY EDUCATIONAL PROGRAM EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS (STEAM) IN A SAFE ENVIRONMENT THAT CULTIVATES RESPECT FOR SELF AND OTHERS.

990 for the year ended June 30, 2025

Program accomplishments

  • MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION (MERF) OPERATES TEN MAGNOLIA SCIENCE ACADEMIES (MSA) SERVING 3,794 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE THROUGHOUT CALIFORNIA. THE ORGANIZATION IS DEDICATED TO INSPIRING STUDENTS TO CHOOSE CAREER PATHS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM), WHILE PROVIDING A ROBUST, STANDARDS-BASED EDUCATION PROGRAM WITHIN A SUPPORTIVE CULTURE OF EXCELLENCE. TO ENSURE STUDENTS HAVE THE TOOLS TO SUCCEED, THE ORGANIZATION OFFER THE FOLLOWING PROGRAMS, WHICH ARE MOSTLYFREE OF CHARGE:-ACADEMIC PROGRAMS-STUDENT SUPPORT PROGRAMS-AFTER SCHOOL PROGRAMS-PARENT INVOLVEMENT PROGRAMS
    Expenses $54,642,205 · grants $478,327

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
95-4649884
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
1998
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$100,711,421
Income (IRS master file)
$86,364,539

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$86,364,539$84,439,598$100,711,421IRS
990June 2024$84,399,638$78,564,322$76,058,129XML
990June 2023$31,976,044$76,945,341$69,109,481XML
990June 2022$66,230,945$62,131,487$67,129,472IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 95-4649884).

Questions about MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION

What is the EIN of MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION?
The employer identification number (EIN) of MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION is 95-4649884.
Is MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNOLIA EDUCATIONAL & RESEARCH 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 EDUCATIONAL & RESEARCH FOUNDATION 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 MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION 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 MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION?
The 990 for the year ended June 30, 2025 names CAFER TURAN.
Who are the officers and directors of MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION?
The 990 for the year ended June 30, 2025 lists 14 people; 9 received compensation from the organization, the highest $267,271 (ALFREDO RUBALCAVA, CEO).
How much revenue does MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $86,364,539, expenses of $84,439,598 and total assets of $100,711,421 at year end.

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