Mlc Preparatory Academy EIN 47-2849062 Form 990 (PDF) Claim this org

Mlc Preparatory Academy

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Educates students with personalized academics, languages, music, athletics, and tutoring. For fiscal year 2025 it reported $468K in revenue, $498K in expenses, and $192K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Coconut Grove, FL
Website
www.mlcprepacademy.com
Filings
5 on file (2020–2025)
Revenue
$468KFY2025
Expenses
$498K
Net assets
$192K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2849062 Public charity (501(c)(3)) Coconut Grove, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students with personalized academics, languages, music, athletics, and tutoring.
Leadership
Xxx-Xx-Xxxx Rodriguez · President
Money in and out
$468K revenue, $498K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$468K
Pt VIII · Ln 12
Total expenses
$498K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$30K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▲ +63% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -121% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$468K
FY2025▼ -37%
Expenses
$498K
FY2025▼ -4%
Total assets
$454K
FY2025▼ -6%
Total liabilities
$261K
FY2025-0.1%
Total revenue
$468K
Pt VIII · Ln 12
Total expenses
$498K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$454K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMlc Preparatory Academy
EINHdr · item D47-2849062
Principal addressHdr · item CCoconut Grove, FL
WebsiteHdr · item Jwww.mlcprepacademy.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

Rosa Rodriguez’s $92K as President is at the 80th percentile of top reported officer pay among 1616 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Rosa Rodriguez$92,074
Rosa Rodriguez$32,813$72,000$52,603$62,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $498K of program spending, described in the organization's own filed words · FY2024.
01

MLC PREPARATORY ACADEMY complies with necessary goals to educate the registered students as per the School tax exempt program.

$498Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$468K
Total revenueLn 12$468K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$498K
Total functional expensesLn 25$498K

Balance Sheet

Part X · end of year
CashLn 1$419K
Total assetsLn 16$454K
Total liabilitiesLn 26$261K
Total net assetsLn 32$192K
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $419K · Operating expenses/yr $498K
10.1 months
Where the money goes
Program services
Program services $498K · Total expenses $498K
100%
Management & General
Management & general $0 · Total expenses $498K
0%
Fundraising
Fundraising $0 · Total expenses $498K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $468K
0%
Government reliance
Government grants — · Total revenue $468K
Earned-income share
Program service revenue $468K · Total revenue $468K
100%
Investment reliance
Investment income $0 · Total revenue $468K
0%
Program self-sufficiency
Program service revenue $468K · Total expenses $498K
94%
Growth & trend
Revenue growth (YoY)
This year $468K · Prior year $739K
-37%
Revenue CAGR
FY2020 $306K · FY2024 $468K
+11%
Net-asset trend (YoY)
End of year $192K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $468K · Expenses $498K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $454K
Net-asset ratio
Net assets $192K · Total assets $454K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $454K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Xxx-Xx-Xxxx Rodriguez · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $498K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $284K · Total expenses $498K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -37%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$468K revenue · viewing · ⤓ 990 PDF
FY2024$739K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$452K revenue · ⤓ 990 PDF
FY2021$401K revenue · ⤓ 990 PDF
FY2020$306K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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