Public Charity

MAGELLAN EDUCATION FOUNDATION INC

MAGELLAN EDUCATION FOUNDATION INC is a nonprofit organization categorized as Public Charity based in RALEIGH, NC. Its most recent IRS filing (2024) reports revenue of $475K, expenses of $362K, total assets of $7.5M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $26K.

EIN: 203971056 RALEIGH, NC Latest filing: 2024
Total Revenue$475K
Total Expenses$362K
Total Assets$7.5M
Grant Records3
Funding Total$26K
Filing Years2020–2024

Mission

TO SUPPORT AND MANAGE ASSETS FOR THE MAGELLAN CHARTER SCHOOL AND OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THAT SCHOOL AND ITS PROGRAMS.

Officers & Directors

BOARD PRESIDENT Bruce Boucher
SECRETARY Jessica O'donovan
VICE PRESIDENT Jim Derrickson
BOARD MEMBER Jim Nowak
BOARD MEMBER Mike Lotterhos
BOARD MEMBER Sean Witty

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$26,058 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $475K $362K $7.5M
2023 $365K $331K $7.5M
2022 $324K $362K $7.1M
2021 $429K $326K $7.2M
2020 $466K $326K $7.2M

Between 2020 and 2024, reported annual revenue grew from $466K to $475K (+2%), with total assets most recently reported at $7.5M.

Interactive year-over-year charts and full filing details available with membership.

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