NonprofitsMagellan Education Foundation Inc

Education

Magellan Education Foundation Inc

RALEIGH, NC

Total revenue

$475K

Total expenses

$362K

Net assets

$3.0M

Grants received

$34K

5 grants

EIN

203971056

Tax year

2023

Mission

To support and manage assets for the magellan charter school and other innovative educational programs associated with or supporting that school or its programs.

Financials

FY 2023

Revenue

Contributions & grants$78K
Program service revenue$366K
Investment income$31K
Other revenue
Total revenue$475K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$362K
Total expenses$362K
Total assets$7.5M
Net assets$3.0M

People

7 listed

NameRoleCompensation

BRUCE BOUCHER

BOARD PRESIDENT

Board

1 hrs/wk

JIM DERRICKSON

VICE PRESIDENT

Board

1 hrs/wk

JESSICA O'DONOVAN

SECRETARY

Board

2 hrs/wk

SUZY ALLAIRE

BOARD MEMBER

Board

1 hrs/wk

JIM NOWAK

BOARD MEMBER

Board

1 hrs/wk

SEAN WITTY

BOARD MEMBER

Board

1 hrs/wk

MIKE LOTTERHOS

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$5K
General & Unrestricted
2024
$3K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$34K from 3 funders · 5 grants · 2018–2024

American Online Giving Foundation Inc

$26K · 3 grants · 2021–2024

The Bucy Foundation

$5K · 1 grant · 2024

Details

EIN203971056
NTEE codeB11
Subsection03
Ruling date2006-09
Formed2005
Employees0
Volunteers10
MAGELLAN EDUCATION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo