MAGNET SCHOOLS OF AMERICA INC Charity Report

Public IRS 990 nonprofit record

MAGNET SCHOOLS OF AMERICA INC

EIN 76-0428386 · Education (B99Z)

What they do

Magnet Schools of America Provides Leadership for Innovative Instructional Programs That Promote Equity, Diversity, and Academic Excellence for All Students In Public School Choice Programs.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.45%of revenue went to mission work92.8% of expenses · Program services

1.62%of revenue went to fundraising1.8% of expenses

$97.86spent for every $100 of revenueRevenue covered expenses this year.

5.03%of revenue went to management and office costs5.5% of expenses

$0.57in assets for every $1 spent this yearSome assets cannot be spent right away.

9.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $233,230 for RAMIN TAHERI (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,879,654

Mission workProgram services$3,314,99985.45% of revenue92.8% of expenses

ManagementOffice and general costs$195,1425.03% of revenue5.5% of expenses

FundraisingAsking for donations$62,8901.62% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$306,6237.90% of revenueShown in gray on the chart

Total expenses$3,573,03192.10% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.8% mission · 5.5% management · 1.8% fundraisingTotal expenses: 92.10% of revenue

2023Expense mix: 90.4% mission · 7.4% management · 2.2% fundraisingTotal expenses: 99.53% of revenue

2022Expense mix: 89.8% mission · 8.5% management · 1.8% fundraisingTotal expenses: 105.42% of revenue

2021Expense mix: 83.8% mission · 10.9% management · 5.3% fundraisingTotal expenses: 81.09% of revenue

2020Expense mix: 82.1% mission · 12.8% management · 5.1% fundraisingTotal expenses: 134.80% of revenue

2019Expense mix: 82.7% mission · 13.6% management · 3.7% fundraisingTotal expenses: 98.01% of revenue

2018Expense mix: 82.2% mission · 14.4% management · 3.5% fundraisingTotal expenses: 97.14% of revenue

2017Expense mix: 74.4% mission · 21.7% management · 3.9% fundraisingTotal expenses: 129.41% of revenue

Money in and money out

Revenue$3,651,085

Expenses$3,573,031

Annual surplus $78,054 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,314,999 · 92.8% of expenses

Management and office costs$195,142 · 5.5% of expenses

Fundraising$62,890 · 1.8% of expenses

See all reported dollar amounts

Revenue$3,651,085

Expenses$3,573,031

Assets$2,046,222

Income$4,843,340

Contributions$355,860

Mission work (program services)$3,314,999

Fundraising$62,890

Grants given$16,500

Average grant$2,063

Management and general$195,142

Stocks and bonds$927,582

Accounting fees$9,960

Investing fees$9,821

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RAMIN TAHERICEO · 40 hrs/week $233,230Base $208,000 · Other $25,230

KELLY BUCHERIEDIRECTOR OF NIMSL · 40 hrs/week $178,688Base $162,648 · Other $16,040

MAW YANG SHENCOO · 40 hrs/week $169,614Base $134,368 · Other $35,246

JAYME RAWSONREGION II DIRECTOR · 2 hrs/week $31,200

DR MICHELLE FRAZIERPAST PRESIDENT · 2 hrs/week $17,950

SUSAN KINGPAST PRESIDENT · 2 hrs/week $10,850

KADE SOCHORREGION II DIRECTOR · 2 hrs/week $1,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

RAMIN TAHERICEO

KELLY BUCHERIEDIRECTOR OF NIMSL

MAW YANG SHENCOO

JAYME RAWSONREGION II DIRECTOR

DR MICHELLE FRAZIERPAST PRESIDENT

SUSAN KINGPAST PRESIDENT

KADE SOCHORREGION II DIRECTOR

WALTER HALLREGION IV DIRECTOR

BARBARA TURNERSPECIALIZED DIRECTOR

THERESA PORTERIMMEDIATE PAST PRESIDENT

MAGDA PEREIRAREGION III DIRECTOR

JILLIAN SCHULTEREGION VI DIRECTOR

FRANCESCA VER PLOEGHREGION IV DIRECTOR

DR MONIKA WILEYTREASURER

DR KIMBERLY LANEPRESIDENT

DR KEITH ABRAHAMSSPECIALIZED DIRECTOR

DOREEN MARVINPAST PRESIDENT

CORRI ROCHESECRETARY

BRENDEN MIMSREGION I DIRECTOR

About this charity

Recognized since: January 1994
Location: 4005 WISCONSIN AVE NW UNIT 5997, WASHINGTON, DC 20016-7727
County: District of Columbia
In care of: % WEWORK JUDY SHEN
Primary officer: Ramin Taheri, CEO

How to reach them

WebsiteVisit the charity’s website Phone(202) 824-0672

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KOSITZKA WICKS AND COMPANY
NTEE classification: Education (B99Z)
Grant-giving organization: Yes