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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+18.5% YoY
Revenue
$3.9M
+35.8% YoY
Net Investment Income
$48K
+250.5% YoY
Expenses
$3.6M
+25.6% YoY
About Magnet Schools of America Inc
Based on IRS filings
Magnet Schools of America Inc is a nonprofit organization focused on Education, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. Net investment income was $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,576,711 | $1,330,679 | $1,382,517 |
| Revenue | $3,879,654 | $2,857,007 | $2,838,835 |
| Expenses | $3,573,031 | $2,843,674 | $2,992,762 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $47,840 | $13,648 | $33,323 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Kimberly Lane | President | 2 | — |
| Corri Roche | Secretary | 2 | — |
| Dr Monika Wiley | Treasurer | 2 | — |
| Theresa Porter | Immediate Past President | 2 | — |
| Dr Keith Abrahams | Specialized Director | 2 | — |
| Dr Michelle Frazier | Past President | 2 | $17,950 |
| Walter Hall | Region IV Director | 2 | — |
| Susan King | Past President | 2 | $10,850 |
| Doreen Marvin | Past President | 2 | — |
| Brenden Mims | Region I Director | 2 | — |
| Magda Pereira | Region III Director | 2 | — |
| Jayme Rawson | Region II Director | 2 | $31,200 |
| Jillian Schulte | Region VI Director | 2 | — |
| Kade Sochor | Region II Director | 2 | $1,000 |
| Barbara Turner | Specialized Director | 2 | — |
| Francesca Ver Ploegh | Region IV Director | 2 | — |
| Ramin Taheri | CEO | 40 | $208,000 |
| Maw Yang Shen | COO | 40 | $134,368 |
| Kelly Bucherie | Director of NIMSL | 40 | $162,648 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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