Magnolia Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 46,892 | 51,301 | −4,409 | 7.3 | — |
| 2013 | 69,955 | 85,926 | −15,971 | 5.7 | — |
| 2014 | 51,414 | 70,667 | −19,253 | 0.0 | — |
| 2015 | 21,301 | 51,016 | −29,715 | 8.1 | — |
| 2016 | 65,750 | 65,849 | −99 | 6.2 | — |
| 2017 | 63,585 | 60,826 | 2,759 | 0.0 | 0% |
| 2018 | 121,421 | 107,826 | 13,595 | 0.0 | 0% |
| 2019 | 209,225 | 173,127 | 36,098 | 0.0 | 0% |
| 2020 | 215,922 | 143,749 | 72,173 | 0.0 | 0% |
| 2021 | 0 | 0 | 0 | — | — |
| 2022 | 219,287 | 196,326 | 22,961 | 5.3 | 0% |
| 2023 | 242,386 | 172,655 | 69,731 | 10.9 | 0% |
In its most recent public year (2023), this organization brought in $69,731 more than it spent. Its reserves stood at about 10.9 months of spending, up from 7.3 in 2012. Staff pay was 0% of spending. $65,979 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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