Public Charity

GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP

GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP, of HAPEVILLE, GA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $9.0M in revenue, $9.0M in expenses, $17.8M in total assets.

EIN: 721552418 HAPEVILLE, GA Charter Schools NTEE: B29 Latest filing: 2025
Total Revenue$9.0M
Total Expenses$9.0M
Total Assets$17.8M
Grant Records0
Filing Years2021–2025

Mission

THE GEORGIA MAGNET/CHARTER SCHOOLS FOUNDATION, CORP. WAS FORMED TO GOVERN HAPEVILLE CHARTER SCHOOL AND CAREER ACADEMY, A FULTON COUNTY SCHOOL SYSTEM PUBLIC CHARTER SCHOOL PROVIDING INSTRUCTION TO GRADES 9 THROUGH 12 WHO RESIDE WITHIN THE FULTON COUNTY SCHOOL SYSTEM ATTENDANCE ZONE.

Where $100 goes at Georgia Magnet Charter Schools Foundations Corp

How Georgia Magnet Charter Schools Foundations Corp divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$81 Programs the work itself
$19 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$81
The organization's program service is to increase student achievement of the students attending Hapeville charter schools
All program spending · Reported in the filing: 591 students
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CEO Corliss Davenport
EXECUTIVE DIRECTOR Mike Ramos
PRINCIPAL (HCCA) Richard Fowler
SECRETARY Shawntrell Johnson
TREASURER Terry Martin

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $9.0M $9.0M $17.8M
2024 $9.1M $9.2M $19.2M
2023 $8.8M $9.9M $23.3M
2022 $13.8M $11.9M $21.6M
2021 $11.9M $12.1M $20.3M

Between 2021 and 2025, reported annual revenue declined from $11.9M to $9.0M (-24%), with total assets most recently reported at $17.8M.

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

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