Overview

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Est.

2003

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Georgia Magnet Charter Schools Foundation Corp, identified by EIN 72-1552418, governs the Hapeville Charter School and Career Academy, a public charter school serving grades 6 through 12 within the Fulton County School System. With an operating budget of $9.2 million and total revenue of $9.1 million for the 2024 filing year, the organization is dedicated to providing quality education to students in Hapeville, Georgia. The foundation does not rely on a single funder for 50% or more of its revenue. For more information, visit hapevillems.org/hapevillecharter.org.

Mission Statement

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 6 THROUGH 12 WHO RESIDE WITHIN THE FULTON COUNTY SCHOOL SYSTEM ATTENDANCE ZONE.
Revenues
$9.1M
Expenses
$9.2M
Net Income:
-$116.5K
Assets
$19.2M
Liabilities
$24.1M
Net Assets:
-$4.9M
Operating Budget
$9.2M
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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M
Mike Ramos
Board Member
H
H Lew Valero
Board Member
T
Terry Martin
Board Member

Frequently Asked Questions

What is GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP’s budget?
In 2024, GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP reported an annual operating budget of around $9.2 million. More detailed financial information is available to registered users.
What causes does GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP support?
GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP supports work in Charter school education.
Where does GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP operate?
GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP is headquartered in HAPEVILLE, GA.
What is GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP’s reliance on government grants?
GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP relied on government grants for more than 95% of their total revenue in 2024.