Overview
What is Magnolia Educational And Research Foundation?
The Magnolia Educational and Research Foundation is a nonprofit organization based in Los Angeles, California, with a workforce of 526 employees. They operate ten Magnolia Science Academies (MSA) charter schools, serving over 3,700 students in grades kindergarten through twelve across California. Dedicated to fostering scientific thinkers, MERF's mission extends beyond academic excellence in STEM fields, offering a comprehensive education rooted in standards and a culture of excellence. The network of high-performing public charter schools, authorized by various educational entities, has been delivering quality education for more than fifteen years, earning recognition as top-ranked schools by U.S. News and World Report and The Washington Post.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
The Magnolia Educational And Research Foundation has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement despite some strengths. The organization boasts a fully independent board and strong financial oversight mechanisms, which reflect a commitment to accountability. Additionally, they have policies in place for conflict of interest, whistleblower protection, and document handling, contributing to a transparent governance structure.
However, the foundation's financial health raises concerns, particularly indicated by a high liabilities to assets ratio of 99.76%, which resulted in a low score in that area. While the program expense ratio is relatively healthy at 65.23%, the overall financial metrics suggest that the organization may face challenges in sustainability and operational efficiency.
In summary, while Magnolia Educational And Research Foundation excels in governance practices, its financial ratios highlight critical vulnerabilities that need addressing to enhance its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Educational And Research Foundation legitimate?
Magnolia Educational And Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Educational And Research Foundation 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: $575,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,136,697
For more financial information, click here
What is the mission statement of Magnolia Educational And Research Foundation?
The Magnolia Educational and Research Foundation is dedicated to inspiring students to pursue careers in science, technology, engineering, and math (STEM), while providing a robust, standards-based education program within a supportive culture of excellence. The organization, which operates eleven charter schools, serves over 3,800 students throughout California. With authorization from various education districts and the California Department of Education, MERF has delivered high-quality education for over fifteen years, emphasizing science, technology, engineering, arts, and math. Notably, MERF's schools have been recognized as top performers by U.S. News and World Report and The Washington Post. The foundation's mission is to cultivate civically responsible scientific thinkers.
Who is the CEO of Magnolia Educational And Research Foundation?
Steve Budhraja is the Director of Magnolia Educational And Research Foundation. The CEO's salary of Magnolia Educational And Research Foundation is $232,412 and their total compensation is $238,263.
What is the revenue of Magnolia Educational And Research Foundation?
Magnolia Educational And Research Foundation's revenue in 2022 was $66,230,945.
Who are the executives of Magnolia Educational And Research Foundation and what are their salaries?
The average compensation at Magnolia Educational And Research Foundation during 2022 was $60,289. There are 526 employees and 8 volunteers at Magnolia Educational And Research Foundation.
Here are 16 key members and their salaries (Magnolia Educational And Research Foundation's CEO's salary is $232,412 and their total compensation is $238,263):
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- Compensation: $232,412
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- Other: $5,851
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- Compensation: $167,708
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- Other: $17,110
- Compensation: $165,708
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- Other: $17,110
- Compensation: $164,708
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- Compensation: $124,022
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- Other: $25,290
- Compensation: $116,201
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- Other: $28,730
Where can I find the form 990 for Magnolia Educational And Research Foundation?
Magnolia Educational And Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magnolia Educational And Research Foundation
The Magnolia Educational and Research Foundation, a California-based nonprofit organization, is dedicated to inspiring students to pursue career paths in Science, Technology, Engineering, and Math (STEM), while providing them with a robust, standards-based education program in a nurturing environment of excellence. Serving over 3,890 students across Los Angeles, Orange, Santa Clara, and San Diego Counties, MERF operates eleven Magnolia Science Academy charter schools. These institutions, authorized by the Los Angeles Unified School District, Los Angeles County Office of Education, San Diego Unified School District, and the California Department of Education, have delivered high-quality education for over fifteen years, emphasizing science, technology, engineering, arts, and math.
The Magnolia Educational and Research Foundation's mission is to cultivate civically responsible scientific thinkers. Their network of ten high-performing public charter schools ranks among the top schools in the country, according to U.S. News & World Report and The Washington Post. By focusing on STEM education and offering a rigorous academic program, MERF aims to prepare the next generation of innovators and problem solvers.
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Impact
October, 2024
Magnolia Educational And Research Foundation (MERF) significantly impacts students in California by operating eleven Magnolia Science Academy (MSA) charter schools that serve nearly 3,900 students from kindergarten through grade twelve. The foundation is dedicated to inspiring students to pursue career paths in science, technology, engineering, and mathematics (STEM) through a robust educational program that emphasizes academic excellence and civic responsibility.
With a mission to cultivate scientifically literate and civic-minded individuals, MERF has established a network of high-performing public charter schools across multiple counties, including Los Angeles, Orange, Santa Clara, and San Diego. Over the past 15 years, these schools have consistently delivered high-quality education, leading to recognition from esteemed sources like U.S. News and World Report and The Washington Post, which rank the Magnolia Science Academies among the top schools in the United States.
By fostering a supportive culture of excellence and encouraging critical thinking, MERF plays a vital role in shaping the educational landscape and empowering the next generation to thrive in an increasingly complex and technology-driven world.
This information is meant to be a general summary of Magnolia Educational And Research Foundation. 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: $35,200
- Gross Receipts: $66,232,745
Assets and Liabilities:
- Total Assets: $67,129,472
- Total Liabilities: $21,880,275
- Net Assets: $45,249,197
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Organization Details
Founding Year
2005
Phone
(714) 892-5066Principal Officer
Steve Budhraja
Main Address
250 E 1ST ST 1500, LOS ANGELES, CA, 90012
NTEE Category
Code: B90 - Education
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