Merit Preparatory Academy

Tax-deductible

Ogden, UT501(c)(3)Since 2009EducationEIN 26-0450627

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Merit will prepare all students to achieve their highest potential as citizens in society by developing the knowledge and skills required to excel in higher education and by developing the knowledge and skills required for community leadership and social commitment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 10 volunteers and 97 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $501K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 2% of spending
Top officer’s pay lower than 66% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $68
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.0M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
+3% vs prior year
Spent
$6.7M
To programs
90%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$7.0M
FY2025▲ +3%
Revenue by fiscal year
FY2021$4.7M
FY2022$5.3M
FY2023$5.8M
FY2024$6.8M
FY2025$7.0M
Expenses
$6.7M
FY2025▲ +15%
Expenses by fiscal year
FY2021$4.6M
FY2022$4.7M
FY2023$5.3M
FY2024$5.8M
FY2025$6.7M
Net assets
$1.9M
FY2025▲ +22%
Net assets by fiscal year
FY2021−$543K
FY2022$104K
FY2023$578K
FY2024$1.6M
FY2025$1.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2009.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $6.0M Management & general 10% · $644K

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

8 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$103,312Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mike Condie’s $103K as Director is at the 34th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mike Condie$103,312$110,141$39,969——
Jesse L Meeks————$95,366
Jacob Dalton———$77,588—
Amanda Kuhnz Spencer——$76,024——

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 higher education and community leadership through knowledge and skill development.

Provided by the organization

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1 program service account for $6.0M of program spending, described in the organization's own filed words · FY2024.
01

Main program is to educate students. Our achievements have been and are to provide innovative effective learning for students and help prepare them for life after school.

$6.0Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$68

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Gifts and grantsLn 1h$6.5M
Fees for servicesLn 2g$293K
Investment incomeLn 3$198K
Money outPt IX
$6.7M
Ln 25
Programscol B$6.0M
Managementcol C$644K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$889K
Total assetsLn 16$14.9M
LiabilitiesLn 26$13.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.5M
Government grantsLn 1e$6.5M
Fees for servicesLn 2g$293K
Investment incomeLn 3$198K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
SavingsLn 2$889K
Cash and savings togetherLn 1–2$889K
InvestmentsLn 11–13$4.2M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$41K
Total assetsLn 16$14.9M
LiabilitiesLn 26$13.0M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 597
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.0M$889K
InvestmentsLn 11–13$3.5M$4.2M
Land, buildings, equipmentLn 10c$9.5M$9.4M
Total assetsLn 16$14.7M$14.9M
LiabilitiesLn 26$13.2M$13.0M
Net assetsLn 32$1.6M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K$107K$11K
Other salaries and wagesLn 7$3.6M$3.3M$273K
Pension plan contributionsLn 8$47K$40K$7K
Other employee benefitsLn 9$497K$422K$75K
Payroll taxesLn 10$264K$223K$41K
Management feesLn 11a$76K$76K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$132K$132K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$118K$103K$14K
Information technologyLn 14$121K$81K$40K
OccupancyLn 16$59K$59K
TravelLn 17$62K$62K
InterestLn 20$721K$721K
Depreciation, depletion and amortizationLn 22$419K$419K
InsuranceLn 23$20K$2K$18K
Other expenses (24a–d)Ln 24$425K$360K$65K
Total functional expensesLn 25$6.7M$6.0M$644K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.0M$6.7M$340K$1.9M 990 PDF
FY2024 $6.8M$5.8M$980K$1.6M 990 PDF
FY2023 $5.8M$5.3M$474K$578K 990 PDF
FY2022 $5.3M$4.7M$646K$104K 990 PDF
FY2021 $4.7M$4.6M$65K−$543K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $7,015,705 across 6 lines filed
VIII-1e Government grants$6,505,191
VIII-1f All other contributions, gifts and grants$19,831
VIII-1h Total contributions, gifts and grants$6,525,022
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $292,990$292,990
VIII-3 Investment incomeExcluded from tax $197,693$197,693
VIII-12 Total revenueRelated to mission $292,990 · Unrelated business $0 · Excluded from tax $197,693$7,015,705
Part IX · Statement of functional expenses $6,675,670 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $107,483 · Management $11,483$118,966
IX-7 Other salaries and wagesPrograms $3,299,112 · Management $273,380$3,572,492
IX-8 Pension plan contributionsPrograms $39,749 · Management $7,338$47,087
IX-9 Other employee benefitsPrograms $422,250 · Management $74,998$497,248
IX-10 Payroll taxesPrograms $223,249 · Management $40,661$263,910
IX-11a Management feesManagement $75,864$75,864
IX-11c Accounting feesManagement $12,231$12,231
IX-11g Other fees for servicesPrograms $132,277$132,277
IX-12 Advertising and promotionManagement $11,985$11,985
IX-13 Office expensesPrograms $103,196 · Management $14,359$117,555
IX-14 Information technologyPrograms $80,857 · Management $39,938$120,795
IX-16 OccupancyPrograms $59,108$59,108
IX-17 TravelPrograms $61,932$61,932
IX-20 InterestPrograms $721,077$721,077
IX-22 Depreciation, depletion and amortizationPrograms $418,707$418,707
IX-23 InsurancePrograms $2,150 · Management $17,590$19,740
IX-24 Other expenses (24a–d)Programs $360,153 · Management $64,543$424,696
IX-25 Total functional expensesPrograms $6,031,300 · Management $644,370 · Fundraising $0$6,675,670
Part X · Balance sheet $14,943,471 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,014,207$888,903
X-3 Pledges and grants receivableStart of year $638,837$459,484
X-4 Accounts receivableStart of year $10,979$18,563
X-9 Prepaid expenses and deferred chargesStart of year $6,138$0
X-10c Land, buildings and equipment, netStart of year $9,542,812$9,382,612
X-11 Publicly traded securitiesStart of year $3,488,032$4,153,159
X-15 Other assetsStart of year $35,299$40,750
X-16 Total assetsStart of year $14,736,304$14,943,471
X-17 Accounts payable and accrued expensesStart of year $548,061$601,420
X-20 Tax-exempt bond liabilitiesStart of year $12,291,710$12,290,492
X-25 Other liabilitiesStart of year $23,815$18,806
X-26 Total liabilitiesStart of year $13,178,586$13,045,718
X-27 Net assets without donor restrictionsStart of year $431,877$945,878
X-28 Net assets with donor restrictionsStart of year $1,125,841$951,875
X-32 Total net assets or fund balancesStart of year $1,557,718$1,897,753
X-33 Total liabilities and net assetsStart of year $14,736,304$14,943,471
Part XI · Reconciliation of net assets $1,897,753 net assets at year end
XI-1 Total revenue$7,015,705
XI-2 Total expenses$6,675,670
XI-3 Revenue less expenses$340,035
XI-4 Net assets at start of year$1,557,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,897,753

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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