Magnolia Christian School
Nonprofit profile at a glance
- EIN
- 384043496
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- DeLand, FL, United States
- Phone
- 386-984-1972
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $900,545
- Expenses
- $917,868
- Assets
- $1,572,044
- Liabilities
- $705,956
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SARAH GILL (PRESIDENT)
Highest reported compensation
- SARAH GILL (PRESIDENT): $40,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Magnolia Christian School seeks to glorify God and advance His kingdom by successfully educating and edifying its students toward academic excellence while fostering spiritual maturity, emotional wisdom, and the equipping of parents in their role as primary educators. We aim to serve families in Seminole, Volusia, Orange, and Lake counties throughout their homeschooling journey, with our chief purpose being to glorify and honor the Lord in all that we do. Our greatest desire is to partner with parents to inspire their students toward academic excellence, embolden them toward spiritual maturity, and guide them toward emotional wisdom in the classroom, all while encouraging and supporting the same development at home. We would consider it a privilege to take part in this journey with you**. BOARD MEMBERS.
What it reported doing in 2024
Magnolia christian school served over 225 students encompassing 90 families during the 2022-2023 school year by providing comprehensive classroom instruction two days a week, including extracurricular classes such as music and art, provided materials and services to help parents maintain a grade-level portfolio, and created a close community of students and parents. The school is now accredited through religious exemption for their lower school through acsi.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 74
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.9%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.71; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 29% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 19.5% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 29.5% per year; rating input score 100; 90th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $918K in reported program spending
- Leadership: top reported pay $40K · 5 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.