Civic Intelligence

MLC Preparatory Academy Inc

990 • Fiscal year 2023 • EIN 47-2849062

Jan 01, 2023 to Jul 31, 2023 • Filed on Feb 25, 2024

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

97th percentile

1.85x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

6.44x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

4th percentile

-204%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$32,813

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 40.6% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-45%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-82%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$281,654

Down $234,219 (-45%) from 2022

Net Assets

Down

-$238,947

Down $167,222 (-233%) from 2022

Liabilities

Down

$520,601

Down $66,997 (-11%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Down

$80,785

Down $371,214 (-82%) from 2022

Expenses

Down

$245,597

Down $219,245 (-47%) from 2022

Net Income

Down

-$164,812

Down $151,969 (-1183%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2023

Assets$281,654
Liabilities$520,601
Net Assets-$238,947
Open 2023 Filing

Operations Trend

Revenue Growth4th 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

2023

Revenue$80,785
Expenses$245,597
Net Income-$164,812
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Jul 31, 2023
Signed
Feb 25, 2024
Return Version
2023v4.0
Gross Receipts
$80,785
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$295,304$268,074▼ $27,230
Land, Buildings, and Equipment, Net$11,549$11,887▲ $338
Accounts Receivable$205,523$1,693▼ $203,830
Rtn Earn Endowment Incm Other Fnds$-74,135$-238,947▼ $164,812
Total Assets$512,376$281,654▼ $230,722
Liabilities
Unsecured Notes Loans Payable$560,029$496,529▼ $63,500
Other Liabilities$26,482$24,072▼ $2,410
Total Liabilities$586,511$520,601▼ $65,910
Net Assets / Fund Balance
Total Net Assets Fund Balance$-74,135$-238,947▼ $164,812
Total Liabilities and Net Assets / Fund Balance$512,376$281,654▼ $230,722

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,887$14,459-
Equipment-$5,425-
Leasehold Improvements-$13,025-
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rosa RodriguezPresidentFT$32,813$32,813
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,842
Investment Income
$0
Other Revenue
$65,943
Change in Net Assets
$-164,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$124,461
Other Expenses$121,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,553--$65,553
Office Expenses$34,691--$34,691
Current Officers, Directors, Trustees, and Key Employees$32,813--$32,813
Occupancy$27,201--$27,201
Payroll Taxes$26,095--$26,095
Fees for Services Other$13,844--$13,844
Travel$7,946--$7,946
Fees for Services Accounting$4,670--$4,670
Advertising$3,390--$3,390
Insurance$1,377--$1,377
All Other Expenses$1,313--$1,313
Other Expenses$100--$100
Total Functional Expenses$245,597$0$0$245,597
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
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 base salary per year is $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
2024-02-25
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

General explanation attachment

“MLC Preparatory Academy, Inc change its fiscal (12/31) calendar basis to a new (June 30) fiscal year. The school semester year starts on July 1 and ends on,June 30. Form 990 for 2023 (short year) was prepared with six (6) months periods ending 6/30/2024.The following Forms included: 1- Form 990 for 2023 have been prepared 2- Form 1128 3- Form 2848 - Power of Attorney”

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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 base salary per year is $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/ExplanationTxt5MLC Preparatory Academy, Inc change its fiscal (12/31) calendar basis to a new (June 30) fiscal year. The school semester year starts on July 1 and ends on,June 30. Form 990 for 2023 (short year) was prepared with six (6) months periods ending 6/30/2024.The following Forms included: 1- Form 990 for 2023 have been prepared 2- Form 1128 3- Form 2848 - Power of Attorney
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/FormAndLineReferenceDesc5General explanation attachment
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281654
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt07946
IRS990/TravelGrp/TotalAmt07946
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0560029
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0496529
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/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rosa Rodriguez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07862700562
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-25
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FEDERICO GONZALEZ CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-03-05T08:13:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Rosa
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Rodriguez
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$281,654
Liabilities
$520,601
Net assets
-$238,947
Revenue
$80,785
Expenses
$245,597
Net income
-$164,812
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