Overview

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Est.

2005

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Magellan Education Foundation Inc, identified by EIN 20-3971056, is a nonprofit organization dedicated to supporting and managing assets for the Magellan Charter School and other innovative educational programs associated with it. With an operating budget of $362.2K and total revenue of $474.9K for the 2024 filing year, the foundation relies on multiple funders, none of which contribute 50% or more of its revenue. The organization focuses on enhancing educational opportunities through its initiatives.

Mission Statement

TO SUPPORT AND MANAGE ASSETS FOR THE MAGELLAN CHARTER SCHOOL AND OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THAT SCHOOL OR ITS PROGRAMS.
Revenues
$474.9K
Expenses
$362.2K
Net Income:
+$112.7K
Assets
$7.5M
Liabilities
$4.4M
Net Assets:
+$3M
Operating Budget
$362.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$5.7K
Largest grant received
$6.5K
J
Jessica O'DONOVAN
Board Member
B
Bruce Boucher
Board Member
J
Jim Derrickson
Board Member

Frequently Asked Questions

What is MAGELLAN EDUCATION FOUNDATION INC’s budget?
In 2024, MAGELLAN EDUCATION FOUNDATION INC reported an annual operating budget of around $362 thousand. More detailed financial information is available to registered users.
What causes does MAGELLAN EDUCATION FOUNDATION INC support?
MAGELLAN EDUCATION FOUNDATION INC supports work in Education.
Where does MAGELLAN EDUCATION FOUNDATION INC operate?
MAGELLAN EDUCATION FOUNDATION INC is headquartered in RALEIGH, NC.
Who funded MAGELLAN EDUCATION FOUNDATION INC recently?
In 2025, MAGELLAN EDUCATION FOUNDATION INC received grants from AMERICAN ONLINE GIVING FOUNDATION INC, AMERICAN ONLINE GIVING FOUNDATION INC, and The Bucy Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant MAGELLAN EDUCATION FOUNDATION INC received in 2024?
The largest grant to MAGELLAN EDUCATION FOUNDATION INC in 2024 exceeds $6,475.