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Magna Prep

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 815111029 ✦ Elkins park, PA ✦ Designated as a 501(c)(3)

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Overview

What is Magna Prep?

Magna Prep is a nonprofit organization situated in Elkins Park, Pennsylvania. Their primary focus is on empowering youth through before-school and after-school programs and summer camps, aiming to enhance their academic performance. The organization provides a comprehensive support system for these young individuals, offering them the opportunity to thrive academically.


Official website here: www.magnaexperience.com

Is Magna Prep legitimate?

Magna Prep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magna Prep 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: $128,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,097

For more financial information, click here


Official website here: www.magnaexperience.com

What is the mission statement of Magna Prep?

Magna Prep, as an organization, is committed to helping youth achieve academic excellence. They accomplish this through the provision of before and after school programs and summer camps. The aim is to support and enhance the learning journey of these young individuals, ensuring they reach their full academic potential. The programs and camps offered by Magna Prep are designed to provide an enriching environment where students can grow and thrive academically.


Official website here: www.magnaexperience.com

Who is the CEO of Magna Prep?

Antonieo Wright is the Executive Director of Magna Prep.


Official website here: www.magnaexperience.com

What is the revenue of Magna Prep?

Magna Prep's revenue in 2020 was $304,292.


Official website here: www.magnaexperience.com

Who are the executives of Magna Prep and what are their salaries?


Here are 4 key members and their salaries:


Antonieo Wright (Executive Director)
  • Compensation: $128,871
  • Related: $0
  • Other: $0
Marcus Allen (Board Member)
  • Compensation: $8,164
  • Related: $0
  • Other: $0
Taleeah Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natasha Reeves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.magnaexperience.com

Where can I find the form 990 for Magna Prep?

Magna Prep's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.magnaexperience.com

Learn more at the official website: www.magnaexperience.com

Mission Statement of Magna Prep

Magna Prep, as a nonprofit organization, is committed to assisting youth in their academic journey. Its mission is vividly illustrated through the provision of before and after school programs and summer camps. This initiative is designed to empower young individuals, offering them the necessary support to excel academically. By offering these services, Magna Prep aims to contribute to the holistic development of its students, ensuring they gain the skills and knowledge required for future success.

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Impact




October, 2024

Magna Prep significantly impacts the academic success of youth in Elkins Park, PA, by offering structured before and after school programs as well as summer camps designed to enhance learning and development. These programs provide a supportive environment where students can engage in educational activities tailored to their needs, fostering both academic excellence and personal growth. By addressing gaps in education and providing resources that might be otherwise inaccessible, Magna Prep empowers young individuals to thrive academically, preparing them for future success. Their commitment to nurturing the educational journeys of local youth plays a vital role in shaping a brighter future for the community.




This information is meant to be a general summary of Magna Prep. 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.

Revenue
$304,292 (2020)
Expenses
$272,660 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Program Service Revenue: $304,292
  • Gross Receipts: $304,292

Assets and Liabilities:

  • Total Assets: $156,108
  • Total Liabilities: $108,719
  • Net Assets: $47,389

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Organization Details

Founding Year

2017

Principal Officer

Antonieo Wright

Main Address

PO Box 29729, Elkins Park, PA, 19027

NTEE Category

Code: P20 - Human services

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