Civic Intelligence

Mount Auburn Preparatory Academy

990 • Fiscal year 2024 • EIN 82-4973260

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 25, 2025

244 Southern AvenueCincinnati, OH 45219

(513) 975-3391

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.44x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.02x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$875

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

16th percentile

-6.1%

Faster asset growth than 16% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

11%

Faster revenue growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,372,857

Down $539,834 (-6.1%) from 2023

Net Assets

Down

-$3,703,719

Down $793,163 (-27%) from 2023

Liabilities

Up

$12,076,576

Up $253,329 (+2.1%) from 2023

Revenue

Up

$5,978,085

Up $574,384 (+11%) from 2023

Expenses

Up

$6,771,248

Up $901,193 (+15%) from 2023

Net Income

Down

-$793,163

Down $326,809 (-70%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2019: $303,270Liabilities 2019: $923,435Net Assets 2019: -$620,1652019Assets 2020: $2,035,530Liabilities 2020: $3,647,238Net Assets 2020: -$1,611,7082020Assets 2021: $2,147,075Liabilities 2021: $4,432,031Net Assets 2021: -$2,284,9562021Assets 2022: $4,497,932Liabilities 2022: $6,942,134Net Assets 2022: -$2,444,2022022Assets 2023: $8,912,691Liabilities 2023: $11,823,247Net Assets 2023: -$2,910,5562023Assets 2024: $8,372,857Liabilities 2024: $12,076,576Net Assets 2024: -$3,703,7192024

Highlighted filing

2024

Assets$8,372,857
Liabilities$12,076,576
Net Assets-$3,703,719

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $2,432,028Expenses 2019: $3,052,193Net Income 2019: -$620,1652019Revenue 2020: $2,902,544Expenses 2020: $3,894,087Net Income 2020: -$991,5432020Revenue 2021: $3,510,949Expenses 2021: $4,184,197Net Income 2021: -$673,2482021Revenue 2022: $4,523,993Expenses 2022: $4,683,239Net Income 2022: -$159,2462022Revenue 2023: $5,403,701Expenses 2023: $5,870,055Net Income 2023: -$466,3542023Revenue 2024: $5,978,085Expenses 2024: $6,771,248Net Income 2024: -$793,1632024

Highlighted filing

2024

Revenue$5,978,085
Expenses$6,771,248
Net Income-$793,163
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 25, 2025
Return Version
2023v6.0
Gross Receipts
$5,978,085
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$6,324,855$6,051,197▼ $273,658
Pledges and Grants Receivable$359,542$316,892▼ $42,650
Cash and Non-Interest-Bearing Accounts$233,733$227,965▼ $5,768
Prepaid Expenses and Deferred Charges$41,496$31,022▼ $10,474
Accounts Receivable-$13,352-
Total Assets$8,912,691$8,372,857▼ $539,834
Other Assets Total$1,953,065$1,732,429▼ $220,636
Liabilities
Other Liabilities$9,497,582$9,655,749▲ $158,167
Accounts Payable and Accrued Expenses$2,325,665$2,420,827▲ $95,162
Total Liabilities$11,823,247$12,076,576▲ $253,329
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,910,556$-3,703,719▼ $793,163
Total Net Assets Fund Balance$-2,910,556$-3,703,719▼ $793,163
Total Liabilities and Net Assets / Fund Balance$8,912,691$8,372,857▼ $539,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,770,183$1,158,289$0
Other Land Buildings$38,251$240,481$0
Land$0-$0
Equipment$85,079$146,858$0
Leasehold Improvements$157,684$21,577$0
Other Assets Org$142,120--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Holly JenkinsBoard Member$875$875
Joann BattleBoard Member$875$875
Matt WahlertBoard Chairman$750$750
Michael OdiosoBoard Member$750$750
Brandi ElliotBoard Member$625$625
Corin Burke WidmeyerBoard Member$625$625

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel SchoolsManagement Services481 N Cleveland Massillon Road, Akron, OH 44333$1,411,348
FIGS Cafe and BakeryStudent Food Services5230 Bethel Centre, Columbus, OH 43235$267,484
System4 of Southwest OhioCustodial Services220 Mill Street, Millford, OH 45150$169,343
Hamilton County ESCStudent Support Services11083 Hamilton Ave, Cincinnati, OH 45231$132,421
Therapy SourceSupport Services536 Old Howell Road, Greenville, SC 29615$123,798
Revenue and Support

Revenue Composition

Contributions and Grants
$5,978,085
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,978,085
Change in Net Assets
$-793,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,978,085
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,978,085
Total Revenue per Form 990
$5,978,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,790,528
Salaries, Compensation, and Employee Benefits$2,980,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,965,355--$1,965,355
Other Employee Benefits$1,015,365--$1,015,365
Fees for Services Other$825,428--$825,428
Fees for Services Management$684,429--$684,429
Depreciation Depletion$547,350--$547,350
Interest$545,507--$545,507
Occupancy$397,711--$397,711
Other Expenses$379,302$0$0$379,302
Advertising$68,002--$68,002
Fees for Services Legal$37,000--$37,000
Fees for Services Accounting$36,623--$36,623
Insurance$24,574--$24,574
Total Functional Expenses$6,771,248$0$0$6,771,248

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,771,248
Total Expenses per Audited Statements$6,771,248
Total Expenses per Form 990$6,771,248
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
Non Current Portion of Long Term Obligations$5,970,445
Net Pension Liability$3,064,657
Deferred Inflows of Resources - OPEB$315,464
Deferred Inflows of Resources - Pension$213,207
Net OPEB Liability$91,976
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 is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the Form 990.

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
Mount Auburn Preparatory Academy
EIN
82-4973260
Phone
5139753391
Address
244 Southern Avenue, Cincinnati, OH 45219

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2025-03-25

Organization Details

Principal Officer
C David Massa
Formed
2018
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

All of professional and technical services provided.

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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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IRS990/OtherExpensesGrp/TotalAmt1128152
IRS990/OtherExpensesGrp/TotalAmt2379302
IRS990/OtherLiabilitiesGrp/BOYAmt09497582
IRS990/OtherLiabilitiesGrp/EOYAmt09655749
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01965355
IRS990/OtherSalariesAndWagesGrp/TotalAmt01965355
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0359542
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0316892
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041496
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031022
IRS990/PrincipalOfficerNm0C David Massa
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05403701
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03037496
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-466354
IRS990/PYSalariesCompEmpBnftPaidAmt02832559
IRS990/PYTotalExpensesAmt05870055
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05403701
IRS990/ReconcilationRevenueExpnssAmt0-793163
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/RevenueAmt05978085
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05770183
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01158289
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06928472
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt085079
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146858
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0231937
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06771248
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0157684
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021577
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0179261
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0249106
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11341203
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2142120
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/BookValueAmt038251
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0240481
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0278732
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05970445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13064657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt291976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3213207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4315464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Non Current Portion of Long Term Obligations
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05978085
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06051197
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01732429
IRS990ScheduleD/TotalExpensesPerForm990Amt06771248
IRS990ScheduleD/TotalLiabilityAmt09655749
IRS990ScheduleD/TotalRevenuePerForm990Amt05978085
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05978085
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06771248
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 is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the Form 990.
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 of 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/TotalAssetsBOYAmt08912691
IRS990/TotalAssetsEOYAmt08372857
IRS990/TotalAssetsGrp/BOYAmt08912691
IRS990/TotalAssetsGrp/EOYAmt08372857
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05978085

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