Civic Intelligence

Mason Preparatory School Foundation

990 • Fiscal year 2020 • EIN 47-2755337

Jun 01, 2019 to May 31, 2020 • Filed on Nov 02, 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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-59%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$14,176

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-71%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$350,175

Down $58,683 (-14%) from 2019

Net Assets

Down

$350,175

Down $58,683 (-14%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin11th percentile

Revenue

Down

$99,305

Down $241,836 (-71%) from 2019

Expenses

Down

$157,988

Down $44,906 (-22%) from 2019

Net Income

Down

-$58,683

Down $196,930 (-142%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2020

Assets$350,175
Liabilities$0
Net Assets$350,175
Open 2020 Filing

Operations Trend

Revenue Growth12th 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

2020

Revenue$99,305
Expenses$157,988
Net Income-$58,683
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$110,511
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,

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$241,020$282,314▲ $41,294
Savings and Temporary Cash Investments$167,838$67,861▼ $99,977
Total Assets$408,858$350,175▼ $58,683
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$239,833$281,150▲ $41,317
Net Assets With Donor Restrictions$169,025$69,025▼ $100,000
Total Net Assets Fund Balance$408,858$350,175▼ $58,683
Total Liabilities and Net Assets / Fund Balance$408,858$350,175▼ $58,683
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Lori Winkler PastExecutive DiPT$14,176$14,176

Board Members and Trustees

NameTitle
Amy FoxhallCo-chair
Sheri CooperCo-chair
Chaun PflugDirector
Clarissa MckenzieDirector
Katy CallowayDirector
Laura OttDirector
Martha Jane HudnallDirector
Andy BrubakerExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$108,252
Program Service Revenue
$0
Investment Income
$23
Other Revenue
$-8,970
All Other Contributions
$108,252
Change in Net Assets
$-58,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$132,311
Total Fundraising Expense$14,362
Salaries, Compensation, and Employee Benefits$14,176
Other Expenses$11,501
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$132,311--$132,311
Current Officers, Directors, Trustees, and Key Employees-$2,127$12,049$14,176
Fees for Services Other-$8,779-$8,779
Office Expenses-$74$1,493$1,567
Information Technology--$820$820
Insurance-$335-$335
Total Functional Expenses$132,311$11,315$14,362$157,988
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mason Preparatory SchoolCharleston, SC501c3Tuition Assistance$100,000
Mason Preparatory SchoolCharleston, SC501c3Msa - Tuition Assist$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,206
Fundraising Gross Income$2,236
Professional Fundraising Fees$0
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 35% controlled entity
No
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
Sheri Cooper
Title
Co-chair
Phone
8437230664
Signed
2020-11-02

Organization Details

Principal Officer
Sheri Cooper
Formed
2015
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
7

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

“Page 1, mission (continued) and enhances and improves mason preps facilities and its educational programs.”

Form 990, Part III

“Part iii, line 1 (continued) and enhances and improves mason preps facilities and its educational programs. Part iii, line 4a (continued) in 2019-2020, the mason prep foundation had a slower year than the recent past as the executive director position was not filled. Although donations were down, the foundation contributed to the school with tuition assistance and professional development courses for the staff.”

Form 990, Part XI, Line 9

“Prior period adjustment 0”

Raw XML Appendix385 raw XML fields

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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MSA - TUITION ASSIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TUITION ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MASON PREPARATORY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MASON PREPARATORY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0570447248
IRS990ScheduleI/RecipientTable/RecipientEIN1570447248
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt056 HALSEY BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt156 HALSEY BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129401
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAGE 1, MISSION (CONTINUED) AND ENHANCES AND IMPROVES MASON PREPS FACILITIES AND ITS EDUCATIONAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART III, LINE 1 (CONTINUED) AND ENHANCES AND IMPROVES MASON PREPS FACILITIES AND ITS EDUCATIONAL PROGRAMS. PART III, LINE 4A (CONTINUED) IN 2019-2020, THE MASON PREP FOUNDATION HAD A SLOWER YEAR THAN THE RECENT PAST AS THE EXECUTIVE DIRECTOR POSITION WAS NOT FILLED. ALTHOUGH DONATIONS WERE DOWN, THE FOUNDATION CONTRIBUTED TO THE SCHOOL WITH TUITION ASSISTANCE AND PROFESSIONAL DEVELOPMENT COURSES FOR THE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT 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/ExplanationTxt3THE BOARD OF DIRECTORS IS REQUIRED TO ANNUAL DISCLOSE AND CERTIFY IF ANY CONFLICTS OF INTEREST EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION 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/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE FROM THE FOUNDATION UPON REQUEST AT ITS CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0408858
IRS990/TotalAssetsEOYAmt0350175
IRS990/TotalAssetsGrp/BOYAmt0408858
IRS990/TotalAssetsGrp/EOYAmt0350175
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0108252
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014362
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011315
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132311
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157988
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0408858
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0350175
IRS990/TotalProgramServiceExpensesAmt0132311
IRS990/TotalRevenueGrp/ExclusionAmt0-8947
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt099305
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0408858
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0350175
IRS990/TotReportableCompRltdOrgAmt014176
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt056 HALSEY BLVD
IRS990/USAddress/CityNm0CHARLESTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029401
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTPS://WWW.MASONPREP.ORG/SUPPORT-US
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI COOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08437230664
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASON PREPARATORY SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0MASO
ReturnHeader/Filer/EIN0472755337
ReturnHeader/Filer/PhoneNum08437230664
ReturnHeader/Filer/USAddress/AddressLine1Txt056 HALSEY BLVD
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C7502B9BE47F9B8354F737866145CBAECF522AE1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C7502B9BE47F9B8354F737866145CBAECF522AE1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.217.140.173
ReturnHeader/FilingSecurityInformation/IPDt02020-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:10:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205788602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GLASER AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0149 E BAY ST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0294013134
ReturnHeader/PreparerPersonGrp/PhoneNum08438490179
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIK M GLASER CPA
ReturnHeader/ReturnTs02020-11-02T13:10:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$350,175
Liabilities
$0
Net assets
$350,175
Revenue
$99,305
Expenses
$157,988
Net income
-$58,683
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