Magnolia Mfa Title Holding Inc

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

EIN: 821399035 ✦ Austin, TX ✦ Designated as a 501(c)(2)

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Overview

What is Magnolia Mfa Title Holding Inc?

Magnolia MFA Title Holding Inc is a non-profit organization established in June 2017, primarily located in Austin, Texas. Its purpose is to serve as a title-holding entity for Montessori for All's Magnolia School campus, ensuring that the land and building are legally owned and managed for the organization's use. By doing so, the Holding Company allows Montessori for All to focus on its core educational activities without the burden of property management.

Is Magnolia Mfa Title Holding Inc legitimate?

Magnolia Mfa Title Holding Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Magnolia Mfa Title Holding 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

For more financial information, click here

What is the mission statement of Magnolia Mfa Title Holding Inc?

Magnolia MFA Title Holding Inc's primary mission is to serve as a title holding entity for the land and building of Montessori for All's Magnolia School campus. This non-profit organization was established in June 2017 with the purpose of holding the property's title and leasing it to Montessori for All Inc. (MFA). By doing so, Magnolia MFA Title Holding Inc plays a crucial role in ensuring the availability of a physical space for Montessori for All's educational activities.

Who is the CEO of Magnolia Mfa Title Holding Inc?

Sara E Cotner is the Principal Officer of Magnolia Mfa Title Holding Inc. The CEO's salary of Magnolia Mfa Title Holding Inc is $0 and their total compensation is $122,308.

What is the revenue of Magnolia Mfa Title Holding Inc?

Magnolia Mfa Title Holding Inc's revenue in 2022 was $566,430.

Who are the executives of Magnolia Mfa Title Holding Inc and what are their salaries?

There 6 volunteers at Magnolia Mfa Title Holding Inc.


Here are 8 key members and their salaries (Magnolia Mfa Title Holding Inc's CEO's salary is $0 and their total compensation is $122,308):


Richard Reddick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Dewitt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Blood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keffrelyn Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Desantis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Hampton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Cotner (School Ceo)
  • Compensation: $0
  • Related: $101,959
  • Other: $20,349
Sarah Kirby-Tepera (School Coo)
  • Compensation: $0
  • Related: $96,472
  • Other: $13,289
Where can I find the form 990 for Magnolia Mfa Title Holding Inc?

Magnolia Mfa Title Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnolia Mfa Title Holding Inc

Magnolia MFA Title Holding Inc, a non-profit organization, was established with a specific mission. This mission involves holding the title to the land and building that serves as the campus for Montessori for All's Magnolia School. By doing so, Magnolia MFA Title Holding Inc facilitates the operation of the school by leasing the property to Montessori for All Inc. This arrangement allows the school to focus on its educational mission, while the holding company manages the property-related aspects. This structure ensures the long-term availability of a suitable campus for Montessori for All's Magnolia School, thereby contributing to the continued growth and success of the school.

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Impact




October, 2024

Magnolia MFA Title Holding Inc. plays a crucial role in supporting education and community development in Austin, Texas. By holding the title to the land and building for the Magnolia School campus, it provides a stable foundation for Montessori for All (MFA) to operate and expand its educational offerings. This arrangement helps ensure that the school can focus on delivering high-quality Montessori education while benefiting from a secure and dedicated space.

The impact of Magnolia MFA Title Holding Inc. extends beyond the immediate educational environment; it contributes to community improvement by fostering access to innovative learning models for children in the area. As the organization manages the physical assets necessary for the school, it indirectly supports the educational and developmental needs of families in the community, promoting overall growth and engagement within the region. This focus on education and community enhancement is vital for nurturing the next generation and enriching the local community.




This information is meant to be a general summary of Magnolia Mfa Title Holding 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.

Revenue
$566,430 (2022)
Expenses
$1,113,717 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $566,430
  • Gross Receipts: $566,430

Assets and Liabilities:

  • Total Assets: $12,149,653
  • Total Liabilities: $14,179,376
  • Net Assets: -$2,029,723

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental revenue from affiliate

Revenue

$566,430

Organization Details

Founding Year

2017

Principal Officer

Sara E Cotner

Main Address

5100 Pecan Brook Dr, Austin, TX, 78724

NTEE Category

Code: S47 - Community improvement

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