2026-05-13T15:25:47-05:00 2025-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-07-01 954649884 MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION MAGN 7148925066 250 E 1ST ST STE 1500 LOS ANGELES CA 90012 CAFER TURAN INTERIM CFO 7148925066 2026-05-12 1 1 KIM HUNWARDSEN CPA P00484560 6122536500 2026-05-12 2024 2025-03-06 01:10:19Z MAGNOLIA PUBLIC SCHOOLS CAFER TURAN 250 E 1ST ST STE 1500 LOS ANGELES CA 90012 86364539 0 X N/A X 2005 CA MAGNOLIA PUBLIC SCHOOLS PROVIDES A COLLEGE PREPARATORY EDUCATIONAL PROGRAM IN A SAFE ENVIRONMENT. 5 5 615 6 0 0 75816762 86261072 0 0 65249 103467 8517627 0 84399638 86364539 0 478327 0 0 51715343 57076871 0 0 0 26848979 26884400 78564322 84439598 5835316 1924941 76058129 100711421 72312052 92111932 3746077 8599489 X MAGNOLIA PUBLIC SCHOOLS PROVIDES A COLLEGE PREPARATORY EDUCATIONAL PROGRAM EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS (STEAM) IN A SAFE ENVIRONMENT THAT CULTIVATES RESPECT FOR SELF AND OTHERS. 0 0 54642205 478327 MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION (MERF) OPERATES TEN MAGNOLIA SCIENCE ACADEMIES (MSA) SERVING 3,794 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE THROUGHOUT CALIFORNIA. THE ORGANIZATION IS DEDICATED TO INSPIRING STUDENTS TO CHOOSE CAREER PATHS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM), WHILE PROVIDING A ROBUST, STANDARDS-BASED EDUCATION PROGRAM WITHIN A SUPPORTIVE CULTURE OF EXCELLENCE. TO ENSURE STUDENTS HAVE THE TOOLS TO SUCCEED, THE ORGANIZATION OFFER THE FOLLOWING PROGRAMS, WHICH ARE MOSTLYFREE OF CHARGE:-ACADEMIC PROGRAMS-STUDENT SUPPORT PROGRAMS-AFTER SCHOOL PROGRAMS-PARENT INVOLVEMENT PROGRAMS 54642205 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 124 0 1 615 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CA X CAFER TURAN 7148925066 250 E 1ST ST STE 1500 LOS ANGELES CA 90012 X SANDRA COVARRUBIAS VICE CHAIR 2.00 2.00 X X 0 0 0 MEKAN MUHAMMEDOV CHAIR 2.00 2.00 X X 0 0 0 UMIT YAPENEL PHD DIRECTOR 2.00 0.00 X 0 0 0 DIANE GONZALEZ DIRECTOR 2.00 0.00 X 0 0 0 SALIH DIKBAS PH D DIRECTOR 2.00 0.00 X 0 0 0 ALFREDO RUBALCAVA CEO 40.00 2.00 X 267271 0 20292 STEVE BUDHRAJA CHIEF FINANCIAL OFFICER 40.00 2.00 X 205166 0 13528 ERDINC ACAR DEPUTY SUPERINTENDENT 40.00 0.00 X 215350 0 20292 GOKHAN SERCE CHIEF ACADEMIC OFFICER 40.00 0.00 X 187492 0 11082 PATRICK ANTON ONTIVEROS CHIEF FACILITY OFFICER 40.00 2.00 X 197612 0 20292 SUAT ACAR CHIEF OPERATING OFFICER 40.00 0.00 X 200653 0 20292 DAVID E YILMAZ CHIEF ACCOUNTABILITY OFFICER 40.00 0.00 X 194024 0 20292 DR BRENDA OLIVARES CHIEF EXTERNAL OFFICER 40.00 0.00 X 169615 0 20292 YEZENIA DEL CARPIO CHIEF PEOPLE OFFICER 40.00 0.00 X 181791 0 28354 1818974 0 174716 81 0 1 0 RIDERS EXPRESS PO BOX 923548 SYLMAR CA 91392 STUDENT TRANSPORTATION 486228 NEXTGEN LLC 1001 AVENUE OF THE AMERICAS NEW YORK NY 10018 SUBSTITUTE SERVICES 220467 MGT IMPACT SOLUTIONS 4320 W KENNEDY BLVD SUITE 200 TAMPA FL 33609 CONSULTANT SERVICES 220000 LOCAL ROOF 2550 AZURITE CIRCLE NEWBURY PARK CA 91320 ROOF REPAIR 171000 ATTUNED PARTNERS 716 VALLEY RD MONTCLAIR NJ 07043 CONSULTANT SERVICES 148000 7 79683275 6577797 86261072 103467 103467 86364539 0 0 103467 478327 478327 940473 375370 565103 39798942 25902847 13896095 5829881 5749844 80037 10507575 7637780 2869795 361708 361708 92772 92772 2968416 2968416 430891 430891 1085081 483980 601101 537360 537360 6123837 254554 5869283 203550 203550 9974 9974 2611841 2611841 1248283 1248283 794648 794648 STUDENT ACTIVITIES 2201047 2201047 SPECIAL EDUCATION 1842896 1842896 AMORTIZATION - RIGHT OF 1576254 1576254 BOOKS AND OTHER MATERIA 1007173 1007173 3788669 2734649 1054020 84439598 54642205 29797393 0 43849745 25753619 10555437 581649 566747 68550880 12285020 29341282 56265860 2928471 2285453 4641287 76058129 100711421 49904987 9055698 3754036 13454189 16551798 13739916 2101231 55862129 72312052 92111932 X 3746077 8599489 3746077 8599489 76058129 100711421 X 1924941 2928471 X 0 1 X 1 0 X 63574596 66183849 70047096 75816762 86261072 361883375 63574596 66183849 70047096 75816762 86261072 361883375 361883375 34748 35200 485432 65249 103467 724096 362607471 0.99800 0.99810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17320716 17320716 26525171 5242309 21282862 8759624 821670 7937954 6646116 6221041 425075 9299253 9299253 56265860 OPERATING LEASE LIABILITY 655158 FINANCE LEASE LIABILITY 770918 INTEREST PAYABLE 307131 SALES-TYPE LEASE PAYABLE 47747063 REFUNDABLE ADVANCE 6381859 55862129 X PART X, LINE 2: MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 MAGNOLIA PROPERTIES MANAGEMENT INC 250 E 1ST ST LOS ANGELES CA 90012 454683724 501(C)(3) 478327 0 FOR USE IN FOUNDATION PROGRAMS 1 0 PART I, LINE 2: THE ORGANIZATION CONTROLS THE BOARD OF MAGNOLIA PROPERTIES MANAGEMENT, INC. AND EXERCISES ONGOING OVERSIGHT OF THE USE OF ALL GRANTS PROVIDED. X 0 0 0 0 0 0 0 0 0 ALFREDO RUBALCAVA CEO 267271 0 0 0 0 0 0 0 20292 0 287563 0 0 0 ERDINC ACAR DEPUTY SUPERINTENDENT 215350 0 0 0 0 0 0 0 20292 0 235642 0 0 0 SUAT ACAR CHIEF OPERATING OFFICER 200653 0 0 0 0 0 0 0 20292 0 220945 0 0 0 STEVE BUDHRAJA CHIEF FINANCIAL OFFICER 205166 0 0 0 0 0 0 0 13528 0 218694 0 0 0 PATRICK ANTON ONTIVEROS CHIEF FACILITY OFFICER 197612 0 0 0 0 0 0 0 20292 0 217904 0 0 0 DAVID E YILMAZ CHIEF ACCOUNTABILITY OFFICER 194024 0 0 0 0 0 0 0 20292 0 214316 0 0 0 YEZENIA DEL CARPIO CHIEF PEOPLE OFFICER 181791 0 0 0 0 0 8062 0 20292 0 210145 0 0 0 GOKHAN SERCE CHIEF ACADEMIC OFFICER 187492 0 0 0 0 0 0 0 11082 0 198574 0 0 0 DR BRENDA OLIVARES CHIEF EXTERNAL OFFICER 169615 0 0 0 0 0 0 0 20292 0 189907 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B OFFICERS REVIEWED THE RETURN AND WILL SHARE WITH THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. 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