Civic Intelligence

Mason Preparatory School Foundation

990 • Fiscal year 2019 • EIN 47-2755337

Jun 01, 2018 to May 31, 2019 • Filed on Apr 14, 2020

Organization ProfileWWW.MASONPREP.ORG/SUPPORT-US
56 Halsey BlvdCharleston, SC 29401

(843) 723-0664

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$12,799

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

85th percentile

51%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

70%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$408,858

Up $138,247 (+51%) from 2018

Net Assets

Up

$408,858

Up $138,247 (+51%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin88th percentile

Revenue

Up

$341,141

Up $140,878 (+70%) from 2018

Expenses

Down

$202,894

Down $237,771 (-54%) from 2018

Net Income

Up

$138,247

Up $378,649 (+158%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2017: $510,813Liabilities 2017: $0Net Assets 2017: $510,8132017Assets 2018: $270,611Liabilities 2018: $0Net Assets 2018: $270,6112018Assets 2019: $408,858Liabilities 2019: $0Net Assets 2019: $408,8582019Assets 2020: $350,175Liabilities 2020: $0Net Assets 2020: $350,1752020Assets 2021: $345,195Liabilities 2021: $0Net Assets 2021: $345,1952021Assets 2022: $437,510Liabilities 2022: $0Net Assets 2022: $437,5102022Assets 2023: $549,659Liabilities 2023: $0Net Assets 2023: $549,6592023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$408,858
Liabilities$0
Net Assets$408,858
Open 2019 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2017: $528,719Expenses 2017: $17,906Net Income 2017: $510,8132017Revenue 2018: $200,263Expenses 2018: $440,665Net Income 2018: -$240,4022018Revenue 2019: $341,141Expenses 2019: $202,894Net Income 2019: $138,2472019Revenue 2020: $99,305Expenses 2020: $157,988Net Income 2020: -$58,6832020Revenue 2021: $158,002Expenses 2021: $162,982Net Income 2021: -$4,9802021Revenue 2022: $136,694Expenses 2022: $44,380Net Income 2022: $92,3142022Revenue 2023: $213,467Expenses 2023: $101,470Net Income 2023: $111,9972023Revenue 2024: $2,749Expenses 2024: $552,256Net Income 2024: -$549,5072024

Highlighted filing

2019

Revenue$341,141
Expenses$202,894
Net Income$138,247
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 14, 2020
Return Version
2018v3.2
Gross Receipts
$356,672
Mission and Program Overview

Mission

The mason prep school foundation supports mason prep school through strategic fundraising that provides scholarships and financial assistance to mason prep students, promotes the development of the mason prep faculty,

The mason prep school foundation supports mason prep school through strategic fundraising that provides scholarships and financial assistance to mason prep students, promotes the development of the mason prep faculty, and enhances and improves mason preps facilities and its educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$270,611$241,020▼ $29,591
Savings and Temporary Cash Investments-$167,838-
Total Assets$270,611$408,858▲ $138,247
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$259,944$239,833▼ $20,111
Temporarily Rstr Net Assets$10,667$169,025▲ $158,358
Total Net Assets Fund Balance$270,611$408,858▲ $138,247
Total Liabilities and Net Assets / Fund Balance$270,611$408,858▲ $138,247
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori WinklerExecutive DiPT$2,145$10,654$12,799

Board Members and Trustees

NameTitle
David RembertChair
Edward OswaldVice Chair
Chaun PflugDirector
Erik KreutnerDirector
Katy CallowayDirector
Matha Jane HudnallDirector
Michael GreenDirector
PatrickvernerDirector
Tom WinklerDirector
Amy FoxhallSecretary
Laura OttTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$350,809
Program Service Revenue
$0
Investment Income
$838
Other Revenue
$-10,506
All Other Contributions
$307,753
Change in Net Assets
$138,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$173,792
Salaries, Compensation, and Employee Benefits$25,650
Total Fundraising Expense$21,640
Other Expenses$3,452
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$173,792--$173,792
Current Officers, Directors, Trustees, and Key Employees-$3,462$19,618$23,080
Other Salaries and Wages-$2,570-$2,570
Office Expenses-$164$1,737$1,901
Fees for Services Accounting-$899-$899
Insurance-$335-$335
Other Expenses-$32$285$317
Total Functional Expenses$173,792$7,462$21,640$202,894
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mason Preparatory SchoolCharleston, SC501c3Tuition Assistance$100,000
Mason Preparatory SchoolCharleston, SC501c3Msa - Tuition Assist$30,000
Mason Preparatory SchoolCharleston, SC501c3Capital$29,194
Mason Preparatory SchoolCharleston, SC501c3Teacher Development$10,425
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,531
Fundraising Gross Income$5,025
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$48,081$5,025$1,044$3,981
Total Events$48,081$5,025$15,531$-10,506
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Management and the officers of the board of directors review the form 990 with the independent cpa firm. Once questions are addressed, the form is updated (as needed) and the form 990 is shared with the board of directors for a comment period. At completion of the comment period, the form 990 is issued with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors is required to annual disclose and certify if any conflicts of interest exist.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the executive director is approved by the board of directors through the underlying service contract. The compensation is considered against other similar sized organizations and other benchmarks.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available from the foundation upon request at its corporate offices.”

Filing and Contact Details

Filer

Filer Name
Mason Preparatory School Foundation
EIN
47-2755337
Phone
8437230664
Address
56 HALSEY BLVD, CHARLESTON, SC 29401

Signing Officer

Name
David Rembert
Title
Chair
Phone
8437230664
Signed
2020-04-14

Organization Details

Principal Officer
David Rembert
Formed
2015
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
40

Preparer

Firm
Glaser and Company LLC
Address
149 E BAY ST SUITE 200, CHARLESTON, SC 29401-3134
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mason prep school foundation supports mason prep school through strategic fundraising that provides scholarships and financial assistance to mason prep students, promotes the development of the mason prep faculty, and enhances and improves mason preps facilities and its educational programs.”

Form 990, Part XI, Line 9

“Prior period adjustment 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION PROVIDES SCHOLARSHIP AND OTHER SUPPORT TO MASON PREPARATORY SCHOOL AS ITS PRIMARY FUNCTION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CAPITAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MSA - TUITION ASSIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TUITION ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TEACHER DEVELOPMENT
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MASON PREPARATORY SCHOOL
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MASON PREPARATORY SCHOOL
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt156 HALSEY BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt256 HALSEY BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt356 HALSEY BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3CHARLESTON
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd229401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd329401
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS, IN CONCERT WITH THE NEEDS OF MASON PREPARATORY SCHOOL, SEEK TO RAISE FUNDS FOR A SPECIFIC PURPOSE AND NEED OF THE SCHOOL ANNUALLY. THE DISBURSEMENT OF SUCH FUNDS ARE MADE AFTER THE BOARD OF DIRECTORS APPROVES THE FUNDING REQUEST FROM THE SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1MASON PREPARATORY SCHOOL IS COMMITTED TO THE EDUCATION OF THE WHOLE CHILD IN PREPARATION FOR SECONDARY EDUCATION THROUGH THE CULTIVATION OF RESPECT, INTEGRITY, AND PERSONAL RESPONSIBILITY WITHIN A NURTURING ENVIRONMENT THAT RESULTS IN A PRODUCTIVE CITIZEN OF A GLOBAL COMMUNINITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MASON PREP SCHOOL FOUNDATION SUPPORTS MASON PREP SCHOOL THROUGH STRATEGIC FUNDRAISING THAT PROVIDES SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO MASON PREP STUDENTS, PROMOTES THE DEVELOPMENT OF THE MASON PREP FACULTY, AND ENHANCES AND IMPROVES MASON PREPS FACILITIES AND ITS EDUCATIONAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT AND THE OFFICERS OF THE BOARD OF DIRECTORS REVIEW THE FORM 990 WITH THE INDEPENDENT CPA FIRM. ONCE QUESTIONS ARE ADDRESSED, THE FORM IS UPDATED (AS NEEDED) AND THE FORM 990 IS SHARED WITH THE BOARD OF DIRECTORS FOR A COMMENT PERIOD. AT COMPLETION OF THE COMMENT PERIOD, THE FORM 990 IS ISSUED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS REQUIRED TO ANNUAL DISCLOSE AND CERTIFY IF ANY CONFLICTS OF INTEREST EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS THROUGH THE UNDERLYING SERVICE CONTRACT. THE COMPENSATION IS CONSIDERED AGAINST OTHER SIMILAR SIZED ORGANIZATIONS AND OTHER BENCHMARKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FROM THE FOUNDATION UPON REQUEST AT ITS CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173792
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IRS990/TotalRevenueGrp/ExclusionAmt0-9668
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341141
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$408,858
Liabilities
$0
Net assets
$408,858
Revenue
$341,141
Expenses
$202,894
Net income
$138,247
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$5.52$5.50
2023Detailed filing. Detailed filing data is available for this year.$5.50$0.00$5.50$2.13$1.01$1.12
2022Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$1.37$0.44$0.92
2021Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$1.58$1.63$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.99$1.58$0.59
2019Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$3.41$2.03$1.38
2018Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$2.00$4.41$2.40
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.00$5.11$5.29$0.18$5.11