Civic Intelligence

MLC Preparatory Academy Inc

990 • Fiscal year 2020 • EIN 47-2849062

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

Organization Profilewww.mlcprepacademy.com
2710 SW 37 AveMiami, FL 33133

(305) 763-1449

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

1.26x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

49th percentile

4.2%

Higher net margin than 49% of similar nonprofits.

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

Top Officer Pay

94th percentile

$62,500

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

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

Asset Growth

87th percentile

94%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

79th percentile

21%

Faster revenue growth than 79% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$264,509

Up $128,145 (+94%) from 2019

Net Assets

Up

-$120,092

Up $12,884 (+9.7%) from 2019

Liabilities

Up

$384,601

Up $115,261 (+43%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin49th percentile

Revenue

Up

$306,350

Up $52,622 (+21%) from 2019

Expenses

Up

$293,373

Up $15,915 (+5.7%) from 2019

Net Income

Up

$12,977

Up $36,707 (+155%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$1.0M$500K$0-$500KAssets 2016: $240,459Liabilities 2016: $209,733Net Assets 2016: $30,7282016Assets 2017: $256,806Liabilities 2017: $250,214Net Assets 2017: $6,5922017Assets 2018: $146,281Liabilities 2018: $258,348Net Assets 2018: -$112,0672018Assets 2019: $136,364Liabilities 2019: $269,340Net Assets 2019: -$132,9762019Assets 2020: $264,509Liabilities 2020: $384,601Net Assets 2020: -$120,0922020Assets 2021: $528,716Liabilities 2021: $584,101Net Assets 2021: -$55,3852021Assets 2022: $515,873Liabilities 2022: $587,598Net Assets 2022: -$71,7252022Assets 2023: $281,654Liabilities 2023: $520,601Net Assets 2023: -$238,9472023Assets 2024: $482,327Liabilities 2024: $261,302Net Assets 2024: $221,0252024Assets 2025: $453,521Liabilities 2025: $261,023Net Assets 2025: $192,4982025

Highlighted filing

2020

Assets$264,509
Liabilities$384,601
Net Assets-$120,092
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $347,951Expenses 2016: $352,041Net Income 2016: -$4,0902016Revenue 2017: $298,508Expenses 2017: $321,595Net Income 2017: -$23,0872017Revenue 2018: $251,855Expenses 2018: $311,514Net Income 2018: -$59,6592018Revenue 2019: $253,728Expenses 2019: $277,458Net Income 2019: -$23,7302019Revenue 2020: $306,350Expenses 2020: $293,373Net Income 2020: $12,9772020Revenue 2021: $400,809Expenses 2021: $339,600Net Income 2021: $61,2092021Revenue 2022: $451,999Expenses 2022: $464,842Net Income 2022: -$12,8432022Revenue 2023: $80,785Expenses 2023: $245,597Net Income 2023: -$164,8122023Revenue 2024: $738,999Expenses 2024: $518,166Net Income 2024: $220,8332024Revenue 2025: $467,999Expenses 2025: $497,936Net Income 2025: -$29,9372025

Highlighted filing

2020

Revenue$306,350
Expenses$293,373
Net Income$12,977
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$306,350
Mission and Program Overview

Mission

MLC Preparatory Academy is a private school with an academic curriculum that fits the individual needs of each student. Small class with learning potential development. Includes foreign languages, music, athletics, and tutoring services to seek highest levels of education.

MLC Preparatory Academy is a private school with an academic curriculum that fit the individual needs of each student. Small class with learning potential development. Includes foreign langages, music, athletics and tutoring services to seek highest levels of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$118,434$146,213▲ $27,779
Savings and Temporary Cash Investments-$60,265-
Cash and Non-Interest-Bearing Accounts$14,246$51,049▲ $36,803
Land, Buildings, and Equipment, Net$3,580$6,982▲ $3,402
Rtn Earn Endowment Incm Other Fnds$-133,080$-120,092▲ $12,988
Total Assets$136,260$264,509▲ $128,249
Liabilities
Unsecured Notes Loans Payable$238,629$360,529▲ $121,900
Accounts Payable and Accrued Expenses$18,387$24,072▲ $5,685
Other Liabilities$12,324--
Total Liabilities$269,340$384,601▲ $115,261
Net Assets / Fund Balance
Total Net Assets Fund Balance$-133,080$-120,092▲ $12,988
Total Liabilities and Net Assets / Fund Balance$136,260$264,509▲ $128,249

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,746$13,198-
Equipment$1,276$4,149-
Leasehold Improvements$960$12,065-
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rosa RodriguezPresidentFT$62,500$62,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$306,350
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$12,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,911
Salaries, Compensation, and Employee Benefits$125,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$70,872--$70,872
Current Officers, Directors, Trustees, and Key Employees$62,500--$62,500
Other Salaries and Wages$56,690--$56,690
Occupancy$32,221--$32,221
All Other Expenses$19,817--$19,817
Fees for Services Accounting$10,780--$10,780
Advertising$7,120--$7,120
Payroll Taxes$6,272--$6,272
Interest$5,685--$5,685
Conferences and Meetings$4,399--$4,399
Travel$4,234--$4,234
Insurance$2,914--$2,914
Other Expenses$2,190--$2,190
Office Expenses$1,332--$1,332
Total Functional Expenses$293,373$0$0$293,373
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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 governing body review Part VI line 11

“The tax Form 990 for MLC Preparatory Academy, Inc is ditributed to the school governing board on an annual basis.”

Conflict of interest policy compliance Part VI line 12C

“MLC Preparatory Academy Inc has the same conflict of interest policy and agreement filed with Form 1023 to Internal Revenue Service in 2/16/2016. The school directors, officers, and staff are aware and agree of the policies.”

CEO executive director top management comp Part VI line 15A

“Compensation for the main Director ispaid only to Rosa Rogriguez, President.Compensation for the year was $62,500.”

Form 990 availability to public Part VI line 18

“Form 990 is available to the public if required by them.”

Governing documents etc available to public Part VI line 19

“Form 990 is available to the public.”

Filing and Contact Details

Filer

Filer Name
Mlc Preparatory Academy Inc
EIN
47-2849062
Address
2710 SW 37 AVE, Miami, FL 33133

Signing Officer

Name
Rosa Rodriguez
Title
President
Phone
7862700562
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosa Rodriguez
Formed
2015
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Consolidated CPA Service Inc
Address
1701 SW 98 AVE, Miami, FL 33165
Preparer
Federico Gonzalez CPA
Phone
3057631449
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Difference $11 Form 990, page 12, part XI, line 10 / Form 990,, colunm B page 11, Part X, line 32 (B)”

List of other fees for services expenses Part IX line 11G

“Toutoring outside service $32,932 Data processing fee 1,999 Otside contract service Taxes & license SecurityUniformsProgram supplies -------- TOTAL $ 70,872”

List of other expenses Part IX line 24E

“Uncolectible tuition receivable $16,485Telephone 2,507Office supplies 825TOTAL $19,817”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax Form 990 for MLC Preparatory Academy, Inc is ditributed to the school governing board on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MLC Preparatory Academy Inc has the same conflict of interest policy and agreement filed with Form 1023 to Internal Revenue Service in 2/16/2016. The school directors, officers, and staff are aware and agree of the policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the main Director ispaid only to Rosa Rogriguez, President.Compensation for the year was $62,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is available to the public if required by them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Difference $11 Form 990, page 12, part XI, line 10 / Form 990,, colunm B page 11, Part X, line 32 (B)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Toutoring outside service $32,932 Data processing fee 1,999 Otside contract service Taxes & license SecurityUniformsProgram supplies -------- TOTAL $ 70,872
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Uncolectible tuition receivable $16,485Telephone 2,507Office supplies 825TOTAL $19,817
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293373
IRS990/TotalFunctionalExpensesGrp/TotalAmt0293373
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0269340
IRS990/TotalLiabilitiesEOYAmt0384601
IRS990/TotalLiabilitiesGrp/BOYAmt0269340
IRS990/TotalLiabilitiesGrp/EOYAmt0384601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-133080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-120092
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0293373
IRS990/TotalProgramServiceRevenueAmt0306350
IRS990/TotalReportableCompFromOrgAmt062500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0306350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0306350
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0264509
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt04234
IRS990/TravelGrp/TotalAmt04234
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0238629
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0360529
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02710 SW 37 AVE
IRS990/USAddress/CityNm0Miami
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033133
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.mlcprepacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rosa Rodriguez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07862700562
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MLC PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0MLCP
ReturnHeader/Filer/EIN0472849062
ReturnHeader/Filer/USAddress/AddressLine1Txt02710 SW 37 AVE
ReturnHeader/Filer/USAddress/CityNm0Miami
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033133
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473601500
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONSOLIDATED CPA SERVICE INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01701 SW 98 AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Miami
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033165
ReturnHeader/PreparerPersonGrp/PhoneNum03057631449
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FEDERICO GONZALEZ CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-05T12:44:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Rosa
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Rodriguez
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$264,509
Liabilities
$384,601
Net assets
-$120,092
Revenue
$306,350
Expenses
$293,373
Net income
$12,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.54$2.61$1.92$4.68$4.98$0.30
2024Detailed filing. Detailed filing data is available for this year.$4.82$2.61$2.21$7.39$5.18$2.21
2023Detailed filing. Detailed filing data is available for this year.$2.82$5.21$2.39$0.81$2.46$1.65
2022Detailed filing. Detailed filing data is available for this year.$5.16$5.88$0.72$4.52$4.65$0.13
2021Detailed filing. Detailed filing data is available for this year.$5.29$5.84$0.55$4.01$3.40$0.61
2020Detailed filing. Detailed filing data is available for this year.$2.65$3.85$1.20$3.06$2.93$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.36$2.69$1.33$2.54$2.77$0.24
2018Summary only. Only limited summary data is available for this year.$1.46$2.58$1.12$2.52$3.12$0.60
2017Detailed filing. Detailed filing data is available for this year.$2.57$2.50$0.07$2.99$3.22$0.23
2016Summary only. Only limited summary data is available for this year.$2.40$2.10$0.31$3.48$3.52$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits