Civic Intelligence

MLC Preparatory Academy Inc

990 • Fiscal year 2021 • EIN 47-2849062

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 14, 2022

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

95th percentile

1.10x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

1.46x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$52,603

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

91st percentile

100%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

31%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$528,716

Up $264,207 (+100%) from 2020

Net Assets

Up

-$55,385

Up $64,707 (+54%) from 2020

Liabilities

Up

$584,101

Up $199,500 (+52%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin55th percentile

Revenue

Up

$400,809

Up $94,459 (+31%) from 2020

Expenses

Up

$339,600

Up $46,227 (+16%) from 2020

Net Income

Up

$61,209

Up $48,232 (+372%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2021

Assets$528,716
Liabilities$584,101
Net Assets-$55,385
Open 2021 Filing

Operations Trend

Revenue Growth64th 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

2021

Revenue$400,809
Expenses$339,600
Net Income$61,209
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 14, 2022
Return Version
2021v4.2
Gross Receipts
$400,809
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
Cash and Non-Interest-Bearing Accounts$51,049$254,052▲ $203,003
Accounts Receivable$146,213$164,040▲ $17,827
Savings and Temporary Cash Investments$60,265$100,222▲ $39,957
Land, Buildings, and Equipment, Net$6,982$10,402▲ $3,420
Rtn Earn Endowment Incm Other Fnds$-120,092$-55,385▲ $64,707
Total Assets$264,509$528,716▲ $264,207
Liabilities
Unsecured Notes Loans Payable$360,529$560,029▲ $199,500
Accounts Payable and Accrued Expenses$24,072$24,072→ $0
Total Liabilities$384,601$584,101▲ $199,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$-120,092$-55,385▲ $64,707
Total Liabilities and Net Assets / Fund Balance$264,509$528,716▲ $264,207

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,166$13,198-
Equipment$1,276$4,149-
Leasehold Improvements$960$12,065-
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rosa RodriguezPresidentFT$52,603$52,603
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$373,893
Investment Income
$0
Other Revenue
$26,916
Change in Net Assets
$61,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,016
Salaries, Compensation, and Employee Benefits$143,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,319--$83,319
Fees for Services Other$80,431--$80,431
Occupancy$60,707--$60,707
Current Officers, Directors, Trustees, and Key Employees$52,603--$52,603
All Other Expenses$13,023--$13,023
Payroll Taxes$7,662--$7,662
Advertising$6,096--$6,096
Fees for Services Accounting$5,160--$5,160
Travel$5,102--$5,102
Conferences and Meetings$4,459--$4,459
Insurance$3,902--$3,902
Other Expenses$3,269--$3,269
Fees for Services Legal$2,500--$2,500
Office Expenses$201--$201
Total Functional Expenses$339,600$0$0$339,600
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
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
No
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 Rodriquez
Title
President
Phone
7862700562
Signed
2022-03-14
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

“Tutoring outside services $20477Data processing fee 2960Outside contract sevices - Instructors 27541Taxes & license 2530Security 169Uniform 119Program supplies 11582Other outside contact servces 15057Total $80431”

List of other expenses Part IX line 24E

“Special events activities $9969Books subscription and periodical 1197Bank charges 3269Total $13023”

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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/ExplanationTxt6Tutoring outside services $20477Data processing fee 2960Outside contract sevices - Instructors 27541Taxes & license 2530Security 169Uniform 119Program supplies 11582Other outside contact servces 15057Total $80431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Special events activities $9969Books subscription and periodical 1197Bank charges 3269Total $13023
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/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0339600
IRS990/TotalFunctionalExpensesGrp/TotalAmt0339600
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0384601
IRS990/TotalLiabilitiesEOYAmt0584101
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IRS990/TotalLiabilitiesGrp/EOYAmt0584101
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-120092
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-55385
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02927
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02927
IRS990/TotalProgramServiceExpensesAmt0339600
IRS990/TotalProgramServiceRevenueAmt0373893
IRS990/TotalReportableCompFromOrgAmt052603
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0400809
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0400809
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0528716
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt05102
IRS990/TravelGrp/TotalAmt05102
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0360529
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0560029
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Miami
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033133
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.mlcprepacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rosa Rodriquez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07862700562
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-14
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/ReturnTs02023-01-03T10:00:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Rosa
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Rodriquez
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$528,716
Liabilities
$584,101
Net assets
-$55,385
Revenue
$400,809
Expenses
$339,600
Net income
$61,209
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