Montgomery Preparatory Academy: Nonprofit Profile, Financials & Form 990 (EIN 82-4652418)

Revenue by fiscal year
FY2020	$2.5M
FY2021	$2.9M
FY2022	$3.4M
FY2023	$3.8M
FY2024	$4.1M
FY2025	$3.1M

Expenses by fiscal year
FY2020	$3.0M
FY2021	$3.3M
FY2022	$3.5M
FY2023	$3.8M
FY2024	$4.2M
FY2025	$3.4M

Net assets by fiscal year
FY2020	−$821K
FY2021	−$1.1M
FY2022	−$1.2M
FY2023	−$1.2M
FY2024	−$1.3M
FY2025	−$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $3.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990.

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

Gerritt Hoppe

Board Member

$0Pt VII · Sec A

Christopher Bernstein

Board Member

$0Pt VII · Sec A

J Leach

Board Member

$0Pt VII · Sec A

Shirley Wilkerson

Board President

$0Pt VII · Sec A

Freddie Fields

Board Member

$0Pt VII · Sec A

See Montgomery Preparatory Academy executive salaries →

On this list? Claim this org

Something off? The org can add a note here. Claim this org to fix it.

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 15aNo

Programs and updates

Offers K-8 students educational choice and instructional services.

Questions for Montgomery Preparatory Academy

Tap to ask. Montgomery Preparatory Academy sees how many people are interested.

Your first name shows with your question. Montgomery Preparatory Academy answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $3.4M · in their own filed words · FY2024

01

Instructional services for children in grades K-8 for the 2024-2025 school year.

$3.4Mprogram expense

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 · FY2020

Ohio Council of Community SchoolsFY2020$26K

Total grants receivedfrom 1 funder$26K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.1M

Ln 12

Gifts and grantsLn 1h$3.1M

Money outPt IX

$3.4M

Ln 25

Programscol B$3.4M

Owns and owesPt X

−$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$169K

Total assetsLn 16$1.3M

LiabilitiesLn 26$3.0M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.1M

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Total revenueLn 12$3.1M

Assets in detailPt X, end of year

CashLn 1$169K

Cash and savings togetherLn 1–2$169K

Land, buildings, equipmentLn 10c$296K

Other assetsLn 15$688K

Total assetsLn 16$1.3M

LiabilitiesLn 26$3.0M

Net assetsLn 32−$1.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$159K	$169K
Land, buildings, equipmentLn 10c	$386K	$296K
Total assetsLn 16	$1.6M	$1.3M
LiabilitiesLn 26	$2.9M	$3.0M
Net assetsLn 32	−$1.3M	−$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$992K	$992K
Other employee benefitsLn 9	$356K	$356K
Management feesLn 11a	$354K	$354K
Legal feesLn 11b	$52K	$52K
Accounting feesLn 11c	$38K	$38K
Other fees for servicesLn 11g	$236K	$236K
Advertising and promotionLn 12	$65K	$65K
OccupancyLn 16	$731K	$731K
Depreciation, depletion and amortizationLn 22	$101K	$101K
InsuranceLn 23	$16K	$16K
Other expenses (24a–d)Ln 24	$475K	$475K	$0	$0
All other expensesLn 24e	$4K	$4K
Total functional expensesLn 25	$3.4M	$3.4M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$3.1M	$3.4M	−$302K	−$1.6M	990 PDF
FY2024	$4.1M	$4.2M	−$126K	−$1.3M	990 PDF
FY2023	$3.8M	$3.8M	$15K	−$1.2M	990 PDF
FY2022	$3.4M	$3.5M	−$72K	−$1.2M	990 PDF
FY2021	$2.9M	$3.3M	−$314K	−$1.1M	990 PDF
FY2020	$2.5M	$3.0M	−$440K	−$821K	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (6 parts)

Part I · Summary $3,117,362 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,084,591$3,117,362

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $4,084,591$3,117,362

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,276,509$1,348,313

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,934,177$2,071,028

I-18 Total expensesPrior year $4,210,686$3,419,341

I-19 Revenue less expensesPrior year −$126,095−$301,979

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,117,362 across 9 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$3,117,362

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$3,117,362

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,117,362

Part IX · Statement of functional expenses $3,419,341 across 12 lines filed

IX-7 Other salaries and wagesPrograms $991,998$991,998

IX-9 Other employee benefitsPrograms $356,315$356,315

IX-11a Management feesPrograms $353,743$353,743

IX-11b Legal feesPrograms $51,780$51,780

IX-11c Accounting feesPrograms $38,352$38,352

IX-11g Other fees for servicesPrograms $236,421$236,421

IX-12 Advertising and promotionPrograms $64,640$64,640

IX-16 OccupancyPrograms $730,672$730,672

IX-22 Depreciation, depletion and amortizationPrograms $100,883$100,883

IX-23 InsurancePrograms $15,878$15,878

IX-24 Other expenses (24a–d)Programs $474,712 · Management $0 · Fundraising $0$474,712

IX-24e All other expensesPrograms $3,947$3,947

IX-25 Total functional expensesPrograms $3,419,341 · Management $0 · Fundraising $0$3,419,341

Part X · Balance sheet $1,346,983 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $158,713$169,345

X-3 Pledges and grants receivableStart of year $104,641$119,850

X-4 Accounts receivable$2,309

X-9 Prepaid expenses and deferred chargesStart of year $31,006$72,057

X-10c Land, buildings and equipment, netStart of year $385,624$295,831

X-15 Other assetsStart of year $928,299$687,591

X-16 Total assetsStart of year $1,608,283$1,346,983

X-17 Accounts payable and accrued expensesStart of year $617,075$803,761

X-25 Other liabilitiesStart of year $2,309,741$2,163,734

X-26 Total liabilitiesStart of year $2,926,816$2,967,495

X-27 Net assets without donor restrictionsStart of year −$1,318,533−$1,620,512

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year −$1,318,533−$1,620,512

X-33 Total liabilities and net assetsStart of year $1,608,283$1,346,983

Part XI · Reconciliation of net assets −$1,620,512 net assets at year end

XI-1 Total revenue$3,117,362

XI-2 Total expenses$3,419,341

XI-3 Revenue less expenses−$301,979

XI-4 Net assets at start of year−$1,318,533

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$1,620,512

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Montgomery Preparatory Academy

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Montgomery Preparatory Academy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV