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EIN 95-4649884

Magnolia Educational & Research Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Los Angeles
State
California
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
B29: Charter Schools
Description
Magnolia Educational and Research Foundation operates public charter schools with the mission to provide college preparatory program emphasizing science, technology, engineering and math in a safe environment that cultivates respect for self and others. Magnolia Educational and Research Foundation operated 11 public charter schools in California during the 2013-14 Fiscal Year. These schools served approximately 3,800 students, mostly from minority and socio-economically disadvantaged families.
Also known as...
Magnolia Educational and Research Foundation
Total revenues
$31,976,044
2023
Total expenses
$76,945,341
2023
Total assets
$69,109,481
2023
Num. employees
0
2023

Program areas at Magnolia Educational & Research Foundation

Merf operates ten Magnolia science academies (msa) serving 3,586 students in grades kindergarten through twelve charter throughout California.

Who funds Magnolia Educational & Research Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Great Public Schools Now2022 Summer of Joy Grant$56,928
American Online Giving FoundationGeneral Support$5,206
Pfizer FoundationMatching Gifts$250
...and 1 more grant received

Personnel at Magnolia Educational & Research Foundation

NameTitleCompensation
Steve BudhrajaChief Financial Officer$171,423
Suat AcarChief Operating Office$175,763
David E YilmazChief Accountability Offic$177,263
Patrick Anton OntiverosChief Facility Officer$184,217
Brenda OlivaresChief External Officer$160,160
...and 16 more key personnel

Financials for Magnolia Educational & Research Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$70,047,096
Program services$0
Investment income and dividends$485,432
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-38,556,484
Total revenues$31,976,044

Form 990s for Magnolia Educational & Research Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-13990View PDF
2022-062023-01-23990View PDF
2021-062022-04-25990View PDF
2020-062021-05-20990View PDF
2019-062020-12-18990View PDF
...and 11 more Form 990s

Organizations like Magnolia Educational & Research Foundation

OrganizationLocationRevenue
DaVinci Academy of Arts and ScienceHam Lake, MN$13,678,007
Community Roots Charter SchoolLaguna Niguel, CA$8,650,477
Great Lakes AcademyChicago, IL$9,002,608
Philadelphia Youth for Change Charter SchoolPhiladelphia, PA$8,433,330
Henderson CollegiateHenderson, NC$16,049,311
Ron Clark Academy (RCA)Atlanta, GA$10,652,454
Washington Yu Ying Public Charter SchoolWashington, DC$15,606,749
Third Future SchoolsAurora, CO$27,449,276
Two Rivers Public Charter SchoolWashington, DC$25,980,206
Strive Preparatory SchoolsDenver, CO$53,208,791
Data update history
May 21, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Used new vendors
Identified 3 new vendors, including , , and
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $5,206 from American Online Giving Foundation
October 24, 2023
Received grants
Identified 1 new grant, including a grant for $56,928 from Great Public Schools Now
June 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsCharter schoolsK-12 schoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Fundraising eventsReceives government fundingTax deductible donationsNo full-time employees
General information
Address
250 E 1st St 1500
Los Angeles, CA 90012
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Phone
(714) 892-5066
IRS details
EIN
95-4649884
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B29: Charter Schools
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Central organization
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