Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
MLC Preparatory Academy Inc
990 • Fiscal year 2024 • EIN 47-2849062
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.54x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Up$482,327
Up $200,673 (+71%) from 2023
Net Assets
Up$221,025
Up $459,972 (+192%) from 2023
Liabilities
Down$261,302
Down $259,299 (-50%) from 2023
Revenue And Expenses
Revenue
Down$0
Down $80,785 (-100%) from 2023
Expenses
Up$518,166
Up $272,569 (+111%) from 2023
Net Income
Down-$518,166
Down $353,354 (-214%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Jan 20, 2026
- Return Version
- 2023v6.0
- Gross Receipts
- $738,999
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $268,074 | $465,783 | ▲ $197,709 |
| Pd in Cap Srpls Land Bldg Eqp Fund | - | $221,025 | - |
| Land, Buildings, and Equipment, Net | $11,887 | $12,474 | ▲ $587 |
| Accounts Receivable | $1,693 | $4,070 | ▲ $2,377 |
| Rtn Earn Endowment Incm Other Fnds | $-238,947 | $0 | ▲ $238,947 |
| Total Assets | $281,654 | $482,327 | ▲ $200,673 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $496,529 | $257,900 | ▼ $238,629 |
| Other Liabilities | $24,072 | $3,123 | ▼ $20,949 |
| Accounts Payable and Accrued Expenses | - | $279 | - |
| Total Liabilities | $520,601 | $261,302 | ▼ $259,299 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-238,947 | $221,025 | ▲ $459,972 |
| Total Liabilities and Net Assets / Fund Balance | $281,654 | $482,327 | ▲ $200,673 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $14,459 | $12,474 | $26,933 |
| Leasehold Improvements | $13,863 | - | $13,863 |
| Equipment | $5,425 | - | $5,425 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Rosa Rodriguez | President | FT | $92,074 | $92,074 | $184,148 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-518,166
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $288,448 |
| Other Expenses | $229,718 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $176,002 | - | - | $176,002 |
| Current Officers, Directors, Trustees, and Key Employees | $92,074 | - | - | $92,074 |
| Fees for Services Other | $69,636 | - | - | $69,636 |
| Occupancy | $59,463 | - | - | $59,463 |
| Travel | $21,262 | - | - | $21,262 |
| Payroll Taxes | $20,372 | - | - | $20,372 |
| Office Expenses | $19,346 | - | - | $19,346 |
| All Other Expenses | $14,763 | - | - | $14,763 |
| Fees for Services Accounting | $10,160 | - | - | $10,160 |
| Insurance | $4,520 | - | - | $4,520 |
| Advertising | $3,861 | - | - | $3,861 |
| Other Expenses | $117 | - | - | $117 |
| Total Functional Expenses | $518,166 | $0 | $0 | $518,166 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Audit committee
- 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
- 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
Part VI, LINE 11
“Balance Sheet and income statement was compiled by independed accountant to prepare the corresponding FORM 990 fo Jene 30,2024. Consolidated CPA Service, Inc.”
Part VI, LINE 11
“The tax Form 990 for MLC Preparatory Academy, Inc is ditributed to the school governing board on an annual basis.”
Part VI, Line 11B
“The tax Form for MLC Preparatory Academy, Inc is distributed to the school governing board on an annual basis before filling the form.”
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.”
Part VI, Line 15A
“Compensation for the main Director is paid only to Rosa Rogriguez, President. Compensation base salary per year is $62,500.”
Part VI, Line 19
“Form 990 is available to the public if required by them.”
Part VI, Line 1A
“The tax Form 990 for MLC Preparatory Academy, Inc is distributed to the school governing board on an annual basis.”
Filing and Contact Details
Filer
- Filer Name
- Mlc Preparatory Academy
- EIN
- 47-2849062
- Phone
- 3056028081
- Address
- 2710 SW 37 AVE, Miami, FL 33133
Signing Officer
- Name
- Rosa Rodriguez
- Title
- Pres.
- Phone
- 3056028081
- Signed
- 2026-01-20
- Discuss with paid preparer
- No
Organization Details
- Formed
- 2015
- Legal Domicile
- Fl
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 6
- Volunteers
- 0
Preparer
- Firm
- Consolidated CPA Service Inc
- Address
- 1701 SW 98 AVE, Miami, FL 33165
- Preparer
- Federico Gonzalez
- Phone
- 3057631449
Supplemental Narrative
Additional Explanations
Part IX, Line 11G
“MLC Preparatory Academy, Inc. Schedule of Other Program Services Part IX, line 11g Tutor contract service $39,950 Program supplies 14,418 Payroll fee and supplies 7,904 Uniforms 3,104 License & permits 916 Continue education programs 2,448 Total $69,63”
Part XI, Line 9
“MLC Preparatory Academy, Inc. 2023 Form 990 Reconciliation of Net Assets Part XI, line 9 Changes in fund balances $239,139 The changes in fund balances is due to the following: A. Write-off loan due to an expiration of the statue of limitation on an outstanding promissory note debt payable and to a Court order of dismissal. $238,630 B. Other account activity balance 509 Total, Changes in fund balance $239,139”
Raw XML Appendix333 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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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
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| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MLC Preparatory Academy, Inc. Schedule of Other Program Services Part IX, line 11g Tutor contract service $39,950 Program supplies 14,418 Payroll fee and supplies 7,904 Uniforms 3,104 License & permits 916 Continue education programs 2,448 Total $69,63 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Balance Sheet and income statement was compiled by independed accountant to prepare the corresponding FORM 990 fo Jene 30,2024. Consolidated CPA Service, Inc. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The tax Form 990 for MLC Preparatory Academy, Inc is ditributed to the school governing board on an annual basis. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The tax Form for MLC Preparatory Academy, Inc is distributed to the school governing board on an annual basis before filling the form. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Compensation for the main Director is paid only to Rosa Rogriguez, President. Compensation base salary per year is $62,500. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Form 990 is available to the public if required by them. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The tax Form 990 for MLC Preparatory Academy, Inc is distributed to the school governing board on an annual basis. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | MLC Preparatory Academy, Inc. 2023 Form 990 Reconciliation of Net Assets Part XI, line 9 Changes in fund balances $239,139 The changes in fund balances is due to the following: A. Write-off loan due to an expiration of the statue of limitation on an outstanding promissory note debt payable and to a Court order of dismissal. $238,630 B. Other account activity balance 509 Total, Changes in fund balance $239,139 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part IX, Line 11g |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part VI, Line 1a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part XI, Line 9 |
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| IRS990/TaxableDistributionsInd | 0 | false |
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| IRS990/WebsiteAddressTxt | 0 | www.mlcprepacademy.com |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReasonableCauseExplanation/ExplanationTxt | 0 | RE: 2023 Form 990 - 7/1/2023 - 6/30/2024: The initial 2023 Form 990 was filed as a short year from 1/1/2023 - 6/30/2023 to change the tax calendar year to fiscal year. Another 2023 Form 990 was used to include the new fiscal period from 7/1/2023 - 6/30/2024. This tax form was paper file to IRS Agency. On 12/26/2024 the IRS return the paper file (Fiscal year 7/1/2023 - 6/30/2024), because IRS can't process and request to be electronic file. Specifically, the delay resulted from reliance on a tax professional who was unable to complete the filing on time, which impacted the organizations ability to obtain complete and accurate financial records in a timely manner. Once the issue was identified and resolved, the organization acted promptly and in good faith to complete and submit Form 990 as soon as practicable. The organization has since taken corrective measures to prevent similar delays in the future, including improved internal procedures and filing oversight. The organization respectfully requests that any penalties assessed due to the late filing be waived under the reasonable cause provisions, as the failure to file on time was not due to willful neglect. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROSA RODRIGUEZ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Pres. |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3056028081 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MLC PREPARATORY ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MLCP |
| ReturnHeader/Filer/EIN | 0 | 472849062 |
| ReturnHeader/Filer/PhoneNum | 0 | 3056028081 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2710 SW 37 AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Miami |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 33133 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 473601500 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CONSOLIDATED CPA SERVICE INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1701 SW 98 AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Miami |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 33165 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3057631449 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | FEDERICO GONZALEZ |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2026-01-23T21:09:46Z |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $482,327
- Liabilities
- $261,302
- Net assets
- $221,025
- Revenue
- $0
- Expenses
- $518,166
- Net income
- -$518,166