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Filing year 2023

MAGELLAN EDUCATION FOUNDATION INC

Raleigh, North Carolina·EIN 20-3971056·NTEE B11 · Education·501(c)(3)
Total revenue
$475k
Total assets
$7.5M
Total expenses
$362k
Reported officers
7
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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Secretary
Officer (Unspecified)
$14k
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MAGELLAN EDUCATION FOUNDATION INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 8%
from 2022

From $16k in 2022 to $14k in 2023.

$16k
2022
$14k
2023
In today's dollarsEst.
Down 12% in real terms$18k to $16k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MAGELLAN EDUCATION FOUNDATION INC

What are MAGELLAN EDUCATION FOUNDATION INC's revenue and expenses?

In 2023, MAGELLAN EDUCATION FOUNDATION INC reported $475k in total revenue and $362k in total expenses on its IRS Form 990.

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