NonprofitsMagic City Acceptance Academy Charter School

Education

Magic City Acceptance Academy Charter School

BIRMINGHAM, AL

Total revenue

$7.0M

Total expenses

$7.5M

Net assets

Grants received

$2.6M

30 grants

EIN

854034546

Tax year

2023

Mission

The Magic City Acceptance Academy (MCAA) facilitates a community in which all learners are empowered to embrace education, achieve individual success, and take ownership of their future in a positive learning environment.

Financials

FY 2023

Revenue

Contributions & grants$7.0M
Program service revenue
Investment income
Other revenue
Total revenue$7.0M

Expenses

Grants paid
Salaries & benefits$4.6M
Fundraising
Other expenses$2.8M
Total expenses$7.5M
Total assets$18.6M
Net assets

People

12 listed

NameRoleCompensation

Dr Patton Furman

Principal and Superintendent

Board

$112K

40 hrs/wk

Dr Karen Musgrove

CEO

Board

$50K

10 hrs/wk

Dr Larry Contri

Board Chair

Board

1 hrs/wk

Ezra Shine EdD

Vice Chair

Board

1 hrs/wk

Cece Lacey Kennedy

Secretary

Board

1 hrs/wk

Dr Tracee Synco

Executive Committee

Board

1 hrs/wk

Dr Tommy Bice

Member

Board

1 hrs/wk

Jody Thrash

Member

Board

1 hrs/wk

Jim Wilson Esq

Member

Board

1 hrs/wk

Kaamilya Mahdi

Member

Board

1 hrs/wk

Amber Lopez Martinez

Member

Board

1 hrs/wk

Abbas Merchant

Member

Board

1 hrs/wk

Grants received

Showing 30 of 30

FromAmountPurposeYear
$200K
CHARTER SCHOOL GROWTH
2024
$774
books for school library
2024
$200K
CHARTER SCHOOL GROWTH
2023
$128K
INNOVATIVE SCHOOLS
2023
$120K
TO SUPPORT SUMMER BOOST
2023
$54K
SEE SCHEDULE I SUPPLEMENTAL INFORMATION
2023
$20K
TO SUPPORT AND SPONSOR PROGRAMS WITH HIV INITIATIVES
2023
$15K
GENERAL/OPERATING
2023
$10K
SUPPORT ORGANIZATIONS WORKING TO HELP LGBTQ YOUTH EXPERIENCING HOMELESSNESS
2023
$10K
Improve the experience of LGBTQ+ students at school
2023
$344K
SEE SCHEDULE I SUPPLEMENTAL INFORMATION
2022
$300K
CHARTER SCHOOL GROWTH
2022
$140K
INNOVATIVE SCHOOLS
2022
$15K
UNRESTRICTED
2022
$13K
SPECIAL PROGRAMS
2022
$10K
Improve the experience of LGBTQ+ students at school
2022
$10K
MENTAL HEALTH SERVICES
2022
$8K
SUPPORT ORGANIZATIONS WORKING TO HELP LGBTQ YOUTH EXPERIENCING HOMELESSNESS
2022
$328K
SEE SCHEDULE I SUPPLEMENTAL INFORMATION
2021
$235K
INNOVATIVE SCHOOLS
2021
$12K
General Support
2021
$6K
For grant recipient's exempt purposes
2021
$6K
For grant recipient's exempt purposes
2021
$318K
SEE SCHEDULE I SUPPLEMENTAL INFORMATION
2020

Funded by

$2.6M from 16 funders · 30 grants · 2020–2024

New Schools For Alabama

$1.0M · 4 grants · 2020–2023

Charter Fund Inc

$700K · 3 grants · 2022–2024

New Schools Fund

$503K · 3 grants · 2021–2023

50Can Inc

$120K · 1 grant · 2023

The Community Foundation Of Greater

$50K · 3 grants · 2022–2024

American Online Giving Foundation Inc

$21K · 3 grants · 2022–2024

Fred Says

$20K · 1 grant · 2023

IOLA Foundation

$20K · 2 grants · 2022–2023

Details

EIN854034546
NTEE codeB29
Subsection03
Ruling date2021-04
Formed2020
Employees104
Volunteers0
MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL — Mission, Financials & Grants Received | Grantivo