MAGNOLIA EDUCATION FOUNDATION, of MAGNOLIA, TX, is a Public Charity tracked in Imperigo's IRS 990 database. The 2023 filing shows $242K in revenue, $173K in expenses, $157K in total assets. IRS filings disclose 3 grants awarded by this foundation, totaling roughly $121K.
NON PROFIT MISSION STATEMENT IS DIRECTED TO THE RAISING OF FUNDS WITH THE PROCEEDS USED FOR EDUCATIONAL PURPOSES RELATED TO THE SCHOOL DISTRICT. THE LIBRARY AND THE TEACHERS WHOM WORK AT THE SCHOOL PROCEEDS SUPPLY BOOKS, TEACHER SUPLY REIMBURSEMENTS AND PLAY GROUND EQUIPMENT FOR THE SCHOOL. ALL OF THESE PROGRAMS ARE MANAGED BY PARENTS WHOM OFFER THEIR TIME AT NO CHARGE.
Showing up to 5 of 3 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $242K | $173K | $157K |
| 2022 | $219K | $196K | $87K |
| 2021 | — | — | $64K |
| 2020 | $216K | $144K | $159K |
| 2019 | $209K | $173K | $87K |
Between 2019 and 2023, reported annual revenue grew from $209K to $242K (+16%), with total assets most recently reported at $157K.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in TX.
Full geographic grant map with state-by-state breakdown available with membership.
