Civic Intelligence

Mercy Preparatory Academy

990EZ • Fiscal year 2022 • EIN 84-3183734

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 06, 2023

Organization Profilemercyprep.org
1233 Boyce RdWaxahachie, TX 75165

(817) 917-6090

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

5th percentile

-123%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

100th percentile

30400%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$305

Up $305 from 2021

Net Assets

Up

$305

Up $305 from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin5th percentile

Revenue

Up

$288

Up $288 from 2021

Expenses

$643

No earlier filing loaded for comparison.

Net Income

-$355

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$400K$200K$0-$200KAssets 2019: $2,980Net Assets 2019: $2,9802019Assets 2020: $1,055Net Assets 2020: $1,0552020Assets 2021: $0Net Assets 2021: $02021Assets 2022: $305Liabilities 2022: $0Net Assets 2022: $3052022Assets 2023: $180,061Liabilities 2023: $146,806Net Assets 2023: $33,2552023Assets 2024: $212,884Liabilities 2024: $250,037Net Assets 2024: -$37,1532024Assets 2025: $301,493Liabilities 2025: $365,032Net Assets 2025: -$63,5392025

Highlighted filing

2022

Assets$305
Liabilities$0
Net Assets$305
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2019: $3,000Expenses 2019: $20Net Income 2019: $2,9802019Revenue 2020: $0Expenses 2020: $1,925Net Income 2020: -$1,9252020Revenue 2021: $02021Revenue 2022: $288Expenses 2022: $643Net Income 2022: -$3552022Revenue 2023: $319,962Expenses 2023: $287,013Net Income 2023: $32,9492023Revenue 2024: $199,906Expenses 2024: $270,314Net Income 2024: -$70,4082024Revenue 2025: $745,112Expenses 2025: $745,125Net Income 2025: -$132025

Highlighted filing

2022

Revenue$288
Expenses$643
Net Income-$355
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 6, 2023
Return Version
2022v5.0
Gross Receipts
$288
Mission and Program Overview

Mission

Mercy Preparatory Academy partners with parents to cultivate future leaders by giving students a well-rounded experience of faith, family, education, and service in a non-denominational setting.We are committed to supporting families in their quest to impart a multicultural biblical worldview to their students to create strong Christian leaders who are able to love God, love others and serve joyfully. Our main focus is to not only prepare students for their academic future, but to focus on preparing them for their calling from God.

Program Services

DescriptionGrantsExpenses
N/A We delayed the start of the school due to COVID in 2020. School officially opened 08/01/2023.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERICA PHILLIPSFounderPT$0--
CARY PHILLIPSAdministratorPT$0--
SEAN LEEBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Mercy Prepratory Academy
EIN
84-3183734
Phone
8179176090
Address
1233 BOYCE RD, WAXAHACHIE, TX 75165

Signing Officer

Name
Erica Phillips
Title
Founder & Administra
Signed
2023-09-06
Discuss with paid preparer
Yes

Preparer

Firm
Reiff Martin CPA & Bus Adv Srvc Pllc
Address
8340 MEADOW RD STE 228, DALLAS, TX 75231
Preparer
Alison Reiff-Martin
Phone
2147071776
Raw XML Appendix126 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ERICA PHILLIPS
IRS990EZ/BooksInCareOfDetail/PhoneNum08179176090
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01233 BOYCE RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAXAHACHIE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0751959160
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0660
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0305
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0288
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-355
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0643
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0660
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0305
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0288
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0660
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0305
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0660
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0305
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ERICA PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CARY PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SEAN LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1ADMINISTRATOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Mercy Preparatory Academy partners with parents to cultivate future leaders by giving students a well-rounded experience of faith, family, education, and service in a non-denominational setting.We are committed to supporting families in their quest to impart a multicultural biblical worldview to their students to create strong Christian leaders who are able to love God, love others and serve joyfully. Our main focus is to not only prepare students for their academic future, but to focus on preparing them for their calling from God.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0N/A We delayed the start of the school due to COVID in 2020. School officially opened 08/01/2023.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0643
IRS990EZ/TotalRevenueAmt0288
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0https://mercyprep.org/
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Yes, on October 2, 2020 we purchased space for an article in the Midlothian Mirror, the local newspaper. This article outlined our racial nondiscriminatory policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERICA PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & ADMINISTRA
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERCY PREPRATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MERC
ReturnHeader/Filer/EIN0843183734
ReturnHeader/Filer/PhoneNum08179176090
ReturnHeader/Filer/USAddress/AddressLine1Txt01233 BOYCE RD
ReturnHeader/Filer/USAddress/CityNm0WAXAHACHIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075165
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814385107
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REIFF MARTIN CPA & BUS ADV SRVC PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08340 MEADOW RD STE 228
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075231
ReturnHeader/PreparerPersonGrp/PhoneNum02147071776
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alison Reiff-Martin
ReturnHeader/ReturnTs02023-09-06T13:04:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERICA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHILLIPS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$305
Liabilities
$0
Net assets
$305
Revenue
$288
Expenses
$643
Net income
-$355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$3.65$0.64$7.45$7.45$0.00
2024Detailed filing. Detailed filing data is available for this year.$2.13$2.50$0.37$2.00$2.70$0.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.47$0.33$3.20$2.87$0.33
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.01$0.00$0.02$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.03$0.00$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits