Civic Intelligence

MLC Preparatory Academy Inc

990 • Fiscal year 2022 • EIN 47-2849062

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

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

1.14x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

1.30x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

31st percentile

-2.8%

Higher net margin than 31% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$72,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

38th percentile

-2.4%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

13%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$515,873

Down $12,843 (-2.4%) from 2021

Net Assets

Down

-$71,725

Down $16,340 (-30%) from 2021

Liabilities

Up

$587,598

Up $3,497 (+0.6%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin31st percentile

Revenue

Up

$451,999

Up $51,190 (+13%) from 2021

Expenses

Up

$464,842

Up $125,242 (+37%) from 2021

Net Income

Down

-$12,843

Down $74,052 (-121%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2022

Assets$515,873
Liabilities$587,598
Net Assets-$71,725
Open 2022 Filing

Operations Trend

Revenue Growth56th 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

2022

Revenue$451,999
Expenses$464,842
Net Income-$12,843
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$451,999
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$354,274$295,304▼ $58,970
Accounts Receivable$164,040$205,523▲ $41,483
Land, Buildings, and Equipment, Net$6,905$15,046▲ $8,141
Rtn Earn Endowment Incm Other Fnds$-58,882$-71,725▼ $12,843
Total Assets$525,219$515,873▼ $9,346
Liabilities
Unsecured Notes Loans Payable$560,029$560,029→ $0
Other Liabilities$24,072$27,569▲ $3,497
Total Liabilities$584,101$587,598▲ $3,497
Net Assets / Fund Balance
Total Net Assets Fund Balance$-58,882$-71,725▼ $12,843
Total Liabilities and Net Assets / Fund Balance$525,219$515,873▼ $9,346

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,810$13,198-
Equipment$1,276$4,149-
Leasehold Improvements$960$12,065-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rosa RodriguezPresidentFT$72,000$72,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$417,901
Investment Income
$0
Other Revenue
$34,098
Change in Net Assets
$-12,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,639
Salaries, Compensation, and Employee Benefits$213,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,575--$127,575
Fees for Services Other$97,293--$97,293
Occupancy$72,948--$72,948
Current Officers, Directors, Trustees, and Key Employees$72,000--$72,000
Office Expenses$18,789--$18,789
Payroll Taxes$13,628--$13,628
Conferences and Meetings$13,440--$13,440
Other Expenses$7,872--$7,872
Insurance$7,637--$7,637
Advertising$3,664--$3,664
Fees for Services Accounting$2,850--$2,850
Travel$2,346--$2,346
Interest$-57--$-57
Total Functional Expenses$464,842$0$0$464,842
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest - Promissory Note$20,949
Due to Officer$3,497
Accrued Salary$2,211
Accrued Interest - SBA Loan$912
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2023-11-10
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
6

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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Rosa Rodriguez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07862700562
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MLC PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0MLCP
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONSOLIDATED CPA SERVICE INC
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ReturnHeader/PreparerPersonGrp/PhoneNum03057631449
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
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ReturnHeader/ReturnTs02023-11-14T19:55:26-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$515,873
Liabilities
$587,598
Net assets
-$71,725
Revenue
$451,999
Expenses
$464,842
Net income
-$12,843
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