Civic Intelligence

Montgomery Preparatory Academy

EIN 82-4652418 • 501(c)3 • Dayton, OH

Pub. 78 Eligible

Profile

The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

2745 S Smithville RoadDayton, OH 45420
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.82x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.72x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

32nd percentile

-3.1%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.9%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,608,283

Down $190,827 (-11%) from 2023

Liabilities

Down

$2,926,816

Down $64,732 (-2.2%) from 2023

Net Assets

Down

-$1,318,533

Down $126,095 (-11%) from 2023

Revenue

Up

$4,084,591

Up $264,517 (+6.9%) from 2023

Expenses

Up

$4,210,686

Up $405,132 (+11%) from 2023

Net Income

Down

-$126,095

Down $140,615 (-968%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2019: $218,323Liabilities 2019: $598,988Net Assets 2019: -$380,6652019Assets 2020: $1,536,012Liabilities 2020: $2,357,129Net Assets 2020: -$821,1172020Assets 2021: $1,902,473Liabilities 2021: $3,037,354Net Assets 2021: -$1,134,8812021Assets 2022: $1,834,598Liabilities 2022: $3,041,556Net Assets 2022: -$1,206,9582022Assets 2023: $1,799,110Liabilities 2023: $2,991,548Net Assets 2023: -$1,192,4382023Assets 2024: $1,608,283Liabilities 2024: $2,926,816Net Assets 2024: -$1,318,5332024

Highlighted filing

2024

Assets$1,608,283
Liabilities$2,926,816
Net Assets-$1,318,533

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $1,768,636Expenses 2019: $2,149,301Net Income 2019: -$380,6652019Revenue 2020: $2,533,326Expenses 2020: $2,973,778Net Income 2020: -$440,4522020Revenue 2021: $2,949,425Expenses 2021: $3,263,189Net Income 2021: -$313,7642021Revenue 2022: $3,433,604Expenses 2022: $3,505,681Net Income 2022: -$72,0772022Revenue 2023: $3,820,074Expenses 2023: $3,805,554Net Income 2023: $14,5202023Revenue 2024: $4,084,591Expenses 2024: $4,210,686Net Income 2024: -$126,0952024

Highlighted filing

2024

Revenue$4,084,591
Expenses$4,210,686
Net Income-$126,095

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 24, 2025
Return Version
2023v6.0
Gross Receipts
$4,084,591
Mission and Program Overview

Mission

The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in Grades K-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$282,131$385,624▲ $103,493
Cash and Non-Interest-Bearing Accounts$130,209$158,713▲ $28,504
Pledges and Grants Receivable$149,051$104,641▼ $44,410
Prepaid Expenses and Deferred Charges$30,427$31,006▲ $579
Total Assets$1,799,110$1,608,283▼ $190,827
Other Assets Total$1,207,292$928,299▼ $278,993
Liabilities
Other Liabilities$2,286,467$2,309,741▲ $23,274
Accounts Payable and Accrued Expenses$705,081$617,075▼ $88,006
Total Liabilities$2,991,548$2,926,816▼ $64,732
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,192,438$-1,318,533▼ $126,095
Total Net Assets Fund Balance$-1,192,438$-1,318,533▼ $126,095
Total Liabilities and Net Assets / Fund Balance$1,799,110$1,608,283▼ $190,827

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$10,782$156,949$0
Land$0-$0
Equipment$214,337$154,097$0
Leasehold Improvements$160,505$49,880$0
Other Assets Org$153,758--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shirley WilkersonBoard President
Christopher BernsteinBoard Member
Freddie FieldsBoard Member
Gerritt HoppeBoard Member
J LeachBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel SchoolsManagement Services4700 Rockside Road, Suite 610, Independence, OH 44131$1,326,564
Arlenes CuisineStudent Food Service3000 W 5th Avenue, Columbus, OH 43204$207,724
Mechanical Services and DesignBuilding Services4401 Springfield Street, Dayton, OH 45431$152,942
System4 Southwest OhioFacilities Management4700 Rockside Road, Independence, OH 44131$124,202
Revenue and Support

Revenue Composition

Contributions and Grants
$4,084,591
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,084,591
Change in Net Assets
$-126,095

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,084,591
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,084,591
Total Revenue per Form 990
$4,084,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,934,177
Salaries, Compensation, and Employee Benefits$1,276,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$857,326--$857,326
Fees for Services Other$798,963--$798,963
Other Salaries and Wages$721,748--$721,748
Other Employee Benefits$554,761--$554,761
Fees for Services Management$493,135--$493,135
Other Expenses$208,249$0$0$208,249
Depreciation Depletion$123,830--$123,830
Advertising$73,746--$73,746
Fees for Services Legal$42,000--$42,000
Fees for Services Accounting$36,118--$36,118
Insurance$18,212--$18,212
All Other Expenses$6,327--$6,327
Total Functional Expenses$4,210,686$0$0$4,210,686

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,210,686
Total Expenses per Audited Statements$4,210,686
Total Expenses per Form 990$4,210,686
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Net Pension Liability$1,884,456
Deferred Inflows of Resources - OPEB$218,530
Deferred Inflows of Resources - Pension$109,943
Net OPEB Liability$96,812
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Accel Schools Inc. to provide certain administrative, instructional and financial services.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return provided The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return provided

Form 990, Part VI, Section B, Line 12C

The governing board's conflict of interest policy is reviewed with new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.

Form 990, Part VI, Section C, Line 19

The fiscal officer and board legal counsel maintain governing documents, conflict of interest policy and financial statements, and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Montgomery Preparatory Academy
EIN
82-4652418
Address
2745 S Smithville Road, Dayton, OH 45420

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2025-03-24

Organization Details

Principal Officer
C David Massa
Formed
2018
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

All other professional and technical services provided.

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IRS990/PYSalariesCompEmpBnftPaidAmt01776068
IRS990/PYTotalExpensesAmt03805554
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03820074
IRS990/ReconcilationRevenueExpnssAmt0-126095
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04084591
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0214337
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154097
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0368434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04210686
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0160505
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049880
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0210385
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0141807
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1632734
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2153758
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010782
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0156949
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0167731
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01884456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2109943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3218530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04084591
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0385624
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0928299
IRS990ScheduleD/TotalExpensesPerForm990Amt04210686
IRS990ScheduleD/TotalLiabilityAmt02309741
IRS990ScheduleD/TotalRevenuePerForm990Amt04084591
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04084591
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04210686
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Posted on School's Website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Accel Schools Inc. to provide certain administrative, instructional and financial services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return provided The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return provided
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing board's conflict of interest policy is reviewed with new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The fiscal officer and board legal counsel maintain governing documents, conflict of interest policy and financial statements, and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All other professional and technical services provided.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01799110
IRS990/TotalAssetsEOYAmt01608283
IRS990/TotalAssetsGrp/BOYAmt01799110
IRS990/TotalAssetsGrp/EOYAmt01608283
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04084591
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04210686
IRS990/TotalFunctionalExpensesGrp/TotalAmt04210686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02991548
IRS990/TotalLiabilitiesEOYAmt02926816
IRS990/TotalLiabilitiesGrp/BOYAmt02991548
IRS990/TotalLiabilitiesGrp/EOYAmt02926816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1192438
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1318533
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00

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