Overview
What is Magellan Education Foundation Inc?
Magellan Education Foundation Inc, located in Raleigh, North Carolina, serves as a vital support system for the Magellan Charter School and its associated educational programs. Established with a mission to manage and maintain assets, this nonprofit organization plays a significant role in fostering innovation within the educational sector. By providing essential resources, they contribute to the success of the Magellan Charter School and other related programs, ensuring they can thrive and deliver optimal learning experiences.
Is Magellan Education Foundation Inc legitimate?
Magellan Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magellan Education Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Magellan Education Foundation Inc?
The Magellan Education Foundation Inc's mission is to support and manage assets for the Magellan Charter School and other innovative educational programs associated with or supporting the school and its initiatives. The foundation's primary goal is to provide asset management and support to enhance the operations of the Magellan Charter School and its associated programs. This commitment is aimed at fostering educational growth and innovation, ultimately benefiting the students and community associated with the school.
Who is the CEO of Magellan Education Foundation Inc?
Bruce Boucher is the Board President of Magellan Education Foundation Inc.
What is the revenue of Magellan Education Foundation Inc?
Magellan Education Foundation Inc's revenue in 2022 was $323,820.
Who are the executives of Magellan Education Foundation Inc and what are their salaries?
There 10 volunteers at Magellan Education Foundation Inc.
Here are 7 key members and their salaries:
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- Related: $52,377
- Other: $6,133
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Where can I find the form 990 for Magellan Education Foundation Inc?
Magellan Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magellan Education Foundation Inc
Magellan Education Foundation Inc's mission lies in supporting and managing assets for the Magellan Charter School and various innovative educational programs associated with or backing the school and its initiatives. The foundation's role is crucial in ensuring the school's success and the expansion of educational opportunities beyond its walls. By providing asset management and support, Magellan Education Foundation Inc enables the Magellan Charter School to thrive and offer enriching programs to its students. The foundation's commitment to education is evident in its dedication to supporting the school and its related programs, aiming to foster a positive learning environment and enhance educational outcomes.
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Impact
October, 2024
Magellan Education Foundation Inc significantly enhances educational opportunities by managing and supporting assets for the Magellan Charter School and its associated programs. By focusing on innovative educational initiatives, the foundation plays a crucial role in fostering an enriching learning environment for students. Its strategic asset management ensures that resources are effectively allocated to enhance curriculum and extracurricular activities, ultimately improving student engagement and academic success. This commitment to educational excellence establishes a strong foundation for both the school and the broader community in Raleigh, NC.
This information is meant to be a general summary of Magellan Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $588
- Program Service Revenue: $264,048
- Gross Receipts: $323,820
Assets and Liabilities:
- Total Assets: $7,107,279
- Total Liabilities: $4,218,348
- Net Assets: $2,888,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENT
Revenue
$264,048
Organization Details
Founding Year
2005
Phone
(919) 844-0277Principal Officer
Bruce Boucher
Main Address
9324 BAILEYWICK ROAD, RALEIGH, NC, 27615
NTEE Category
Code: B11 - Education
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