Overview
What is Magellan Charter School?
Magellan Charter School, located in Raleigh, North Carolina, serves as a reputable charter school dedicated to delivering high-quality public education. With a focus on motivating students, the school offers an intellectually stimulating journey for its Grade 3-8 pupils, aiming to establish a thriving academic community. The school employs around 70 individuals, demonstrating its commitment to providing a nurturing educational environment.
Official website here: www.magellancharterschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Magellan Charter School has received an 88% score from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board and has demonstrated strong financial oversight, with no reported material diversion of assets. Their program expense ratio stands at a commendable 75.78%, suggesting that a significant portion of their resources is directed toward fulfilling their mission.
However, there are a few areas where Magellan Charter School could improve. Notably, the absence of a whistleblower policy and document retention and destruction policies may raise concerns regarding transparency and governance. While their website does list essential documents, addressing these gaps would enhance their overall accountability profile.
Overall, Magellan Charter School's strong financial health and governance practices reflect positively on their operations, yet it is advisable for them to strengthen their policies related to whistleblower protections and document management to ensure greater transparency and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Magellan Charter School legitimate?
Magellan Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magellan Charter School 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: $228,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,724,179
For more financial information, click here
Official website here: www.magellancharterschool.org
What is the mission statement of Magellan Charter School?
The Magellan Charter School's mission is centered around offering an intellectually stimulating journey for highly motivated students. This mission extends to students in grades 3-8. The school's primary goal is to establish a model academic community, providing high-quality public education as a charter school.
Official website here: www.magellancharterschool.org
Who is the CEO of Magellan Charter School?
Jessica O'Donovan is the Head Of School (Non-Voting) of Magellan Charter School.
Official website here: www.magellancharterschool.org
What is the revenue of Magellan Charter School?
Magellan Charter School's revenue in 2022 was $4,568,279.
Official website here: www.magellancharterschool.org
Who are the executives of Magellan Charter School and what are their salaries?
The average compensation at Magellan Charter School during 2022 was $42,186. There are 70 employees and 100 volunteers at Magellan Charter School.
Here are 8 key members and their salaries:
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- Compensation: $58,510
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- Compensation: $104,835
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- Compensation: $95,296
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Official website here: www.magellancharterschool.org
Where can I find the form 990 for Magellan Charter School?
Magellan Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magellancharterschool.org
Learn more at the official website: www.magellancharterschool.org
Mission Statement of Magellan Charter School
Magellan Charter School, a distinguished educational institution, is committed to offering a stimulating intellectual experience for highly motivated students in grades 3-8. Its mission is centered around providing a challenging academic journey that fosters an engaging community environment. This mission aims to cater to the unique needs and aspirations of its students, empowering them to reach their full potential. As a charter school, Magellan Charter School is dedicated to delivering top-notch public education, ensuring that every student benefits from a well-rounded and enriching educational experience.
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Impact
July, 2024
Magellan Charter School's impact is evident in its dedication to providing a challenging intellectual journey for highly motivated students in grades 3-8. By establishing a model academic community in Raleigh, North Carolina, Magellan Charter School is making a significant contribution to the quality of public education in the area. The school's mission to nurture the intellectual growth of students and foster a passion for learning sets it apart as a beacon of educational excellence. Through its focus on academic rigor and personalized learning, Magellan Charter School is shaping the minds of future leaders and innovators in the field of education.
This information is meant to be a general summary of Magellan Charter School. 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: $2,886
- Gross Receipts: $4,568,279
Assets and Liabilities:
- Total Assets: $1,092,499
- Total Liabilities: $426,614
- Net Assets: $665,885
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Organization Details
Founding Year
1997
Phone
(919) 844-0277Principal Officer
Jessica O'Donovan
Main Address
9324 BAILEYWICK RD, RALEIGH, NC, 27615
NTEE Category
Code: B20Z - Education
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