Mmi Preparatory School FY2022 filing

Tax-deductible

Freeland, PA501(c)(3)Since 1894EIN 24-0795967Revenue $4.8M in FY2022

On file with the IRSmmiprep.org154 Centre St, 18224-2112 · Freeland, PATax-exempt since May 1947School — 170(b)(1)(A)(ii)

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To provide dedicated area students with a comprehensive and inspiring 6th- 12th grade college Preparatory program that maximizes each individual's academic, social, and character potential in preparation for success in college and beyond.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
$150K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $211K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.5M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
-26% vs prior year
Spent
$6.0M
To programs
52%
Net assets
$27.9M
By yearFY2020–FY2025
Revenue
$4.8M
FY2022▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$6.5M
FY2022$4.8M
FY2023$5.2M
FY2024$7.6M
FY2025$6.6M
Expenses
$6.0M
FY2022+0.2%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.1M
FY2021$5.9M
FY2022$6.0M
FY2023$6.4M
FY2024$6.4M
FY2025$6.5M
Net assets
$27.9M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.3M
FY2021$33.2M
FY2022$27.9M
FY2023$27.9M
FY2024$28.5M
FY2025$29.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $3.1M Management & general 44% · $2.6M Fundraising 3% · $207K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of Scho
$149,645Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Theresa Long$180,350$183,735$56,864———
Justin Kleinheider—$100,085$173,461$149,645$151,500$75,000
Marci Hosier$108,000—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for college and beyond with a comprehensive academic and character development program.

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2021
01

Mining and mechanical institute operates a private preparatory school, grades 6-12. Substantially all graduating students go on to attend college. The school takes an active approach to attract students of low and middle income families.

$3.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$11K
Grants paid · 12 grants · $6.3M · 2019–2024
Unitemized GrantFY2024$1,034,964
Unitemized GrantFY2024$69,000
Unitemized GrantFY2023$1,088,437
Unitemized GrantFY2023$71,000
Unitemized GrantFY2022$927,703
Unitemized GrantFY2022$63,000
Unitemized GrantFY2021$915,722
Unitemized GrantFY2021$63,000
Unitemized GrantFY2020$973,469
Unitemized GrantFY2020$55,000
Unitemized GrantFY2019$980,927
Unitemized GrantFY2019$54,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Fees for servicesLn 2g$3.3M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$443K
Money outPt IX
$6.0M
Ln 25
Programscol B$3.1M
Managementcol C$2.6M
Fundraisingcol D$207K
Owns and owesPt X
$27.9M
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$32.4M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$443K
Other incomeLn 4–11$8K
Gains on assetsLn 7$91K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$500
SavingsLn 2$192K
Cash and savings togetherLn 1–2$192K
InvestmentsLn 11–13$18.5M
Land, buildings, equipmentLn 10c$9.3M
Other assetsLn 15$4.1M
Total assetsLn 16$32.4M
LiabilitiesLn 26$4.5M
Net assetsLn 32$27.9M
OperationsPt I, VI
EmployeesI 580
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$94K$192K
InvestmentsLn 11–13$23.2M$18.5M
Land, buildings, equipmentLn 10c$9.6M$9.3M
Total assetsLn 16$38.1M$32.4M
LiabilitiesLn 26$4.9M$4.5M
Net assetsLn 32$33.2M$27.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$979K$979K
Other salaries and wagesLn 7$2.1M$1.2M$883K$82K
Pension plan contributionsLn 8$112K$58K$49K$5K
Other employee benefitsLn 9$627K$371K$235K$21K
Payroll taxesLn 10$163K$87K$71K$6K
Legal feesLn 11b$101K$101K
Investment management feesLn 11f$87K$87K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$119K$119K
Office expensesLn 13$183K$54K$97K$32K
OccupancyLn 16$209K$209K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$40K$22K$17K
InterestLn 20$97K$97K
Depreciation, depletion and amortizationLn 22$508K$508K
InsuranceLn 23$97K$97K
Other expenses (24a–d)Ln 24$397K$271K$94K$33K
All other expensesLn 24e$99K$14K$62K$23K
Total functional expensesLn 25$6.0M$3.1M$2.6M$207K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.6M$6.5M$93K$29.2M 990 PDF
FY2024 $7.6M$6.4M$1.1M$28.5M 990 PDF
FY2023 $5.2M$6.4M−$1.2M$27.9M 990 PDF
FY2022 Viewing $4.8M$6.0M−$1.1M$27.9M 990 PDF
FY2021 $6.5M$5.9M$585K$33.2M 990 PDF
FY2020 $5.3M$6.1M−$783K$28.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $4,836,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,041,186$1,094,383
I-9 Program service revenuePrior year $3,375,470$3,290,649
I-10 Investment incomePrior year $2,091,554$443,245
I-11 Other revenuePrior year $18,217$8,361
I-12 Total revenuePrior year $6,526,427$4,836,638
I-13 Grants and similar amounts paidPrior year $1,028,469$978,722
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,241,362$3,025,568
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,672,032$1,947,967
I-18 Total expensesPrior year $5,941,863$5,952,257
I-19 Revenue less expensesPrior year $584,564−$1,115,619
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,836,638 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,094,383
VIII-1h Total contributions, gifts and grants$1,094,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,290,649$3,290,649
VIII-3 Investment incomeRelated to mission $352,050$352,050
VIII-7 Net gain or loss on sales of assetsRelated to mission $91,195$91,195
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,361$8,361
VIII-12 Total revenueRelated to mission $3,742,255$4,836,638
Part IX · Statement of functional expenses $5,952,257 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $978,722$978,722
IX-7 Other salaries and wagesPrograms $1,158,416 · Management $883,111 · Fundraising $81,905$2,123,432
IX-8 Pension plan contributionsPrograms $57,881 · Management $49,394 · Fundraising $5,173$112,448
IX-9 Other employee benefitsPrograms $370,830 · Management $235,054 · Fundraising $20,647$626,531
IX-10 Payroll taxesPrograms $86,515 · Management $70,941 · Fundraising $5,701$163,157
IX-11b Legal feesPrograms $100,921$100,921
IX-11f Investment management feesManagement $86,541$86,541
IX-11g Other fees for servicesManagement $5,235$5,235
IX-12 Advertising and promotionManagement $119,148$119,148
IX-13 Office expensesPrograms $54,397 · Management $96,974 · Fundraising $31,977$183,348
IX-16 OccupancyManagement $209,053$209,053
IX-17 TravelFundraising $5,356$5,356
IX-19 Conferences, conventions and meetingsPrograms $22,480 · Management $17,494$39,974
IX-20 InterestManagement $96,595$96,595
IX-22 Depreciation, depletion and amortizationManagement $508,175$508,175
IX-23 InsuranceManagement $97,358$97,358
IX-24 Other expenses (24a–d)Programs $270,522 · Management $93,970 · Fundraising $32,902$397,394
IX-24e All other expensesPrograms $13,525 · Management $61,878 · Fundraising $23,466$98,869
IX-25 Total functional expensesPrograms $3,114,209 · Management $2,630,921 · Fundraising $207,127$5,952,257
Part X · Balance sheet $32,370,301 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $500$500
X-2 Savings and temporary cash investmentsStart of year $93,689$191,875
X-3 Pledges and grants receivableStart of year $209,148$93,090
X-4 Accounts receivableStart of year $795$1,957
X-8 Inventories for sale or useStart of year $19,005$19,153
X-9 Prepaid expenses and deferred chargesStart of year $113,609$131,659
X-10c Land, buildings and equipment, netStart of year $9,623,156$9,263,451
X-11 Publicly traded securitiesStart of year $23,215,126$18,535,844
X-15 Other assetsStart of year $4,831,035$4,132,772
X-16 Total assetsStart of year $38,106,063$32,370,301
X-17 Accounts payable and accrued expensesStart of year $420,623$431,356
X-19 Deferred revenueStart of year $280,611$327,348
X-26 Total liabilitiesStart of year $4,941,056$4,501,274
X-27 Net assets without donor restrictionsStart of year $21,306,736$16,740,879
X-28 Net assets with donor restrictionsStart of year $11,858,271$11,128,148
X-32 Total net assets or fund balancesStart of year $33,165,007$27,869,027
X-33 Total liabilities and net assetsStart of year $38,106,063$32,370,301
Part XI · Reconciliation of net assets $27,869,027 net assets at year end
XI-1 Total revenue$4,836,638
XI-2 Total expenses$5,952,257
XI-3 Revenue less expenses−$1,115,619
XI-4 Net assets at start of year$33,165,007
XI-5 Net unrealized gains (losses) on investments−$4,180,361
XI-10 Net assets at end of year$27,869,027

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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