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Nonprofiteer
← MARYVALE PREPARATORY ACADEMY

Form 990 for tax year 2024

Filed by MARYVALE PREPARATORY ACADEMY.

Totals

Total revenue
$16,493,924
Total expenses
$15,617,016
Contributions and grants received
$4,111,521
Grants paid
$0
Program service revenue
$11,903,427
Investment income
$43,746
Other revenue
$435,230
Total assets, end of year
$21,885,780
Total liabilities, end of year
$18,576,902
Net assets or fund balances, end of year
$3,308,878
Program services expenses (Part IX)
$13,659,628
Management and general expenses
$1,955,521
Fundraising expenses
$1,867
Program service expenses (Part III)
$13,659,628

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,497,162

  • 1e · Government grants (contributions)

    $1,739,854

  • 1f · All other contributions, gifts and grants

    $874,505

  • 2a · Program service revenue: STATE EQUALIZATION

    total $10,690,632 · related or exempt $10,690,632

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $1,059,173 · related or exempt $1,059,173

  • 2c · Program service revenue: CO-CURRICULAR ACTIVITIES

    total $153,622 · related or exempt $153,622

  • 3 · Investment income

    total $43,746 · excluded $43,746

  • 6a · Gross rents

    real property $345,973

  • 6c · Rental income or loss

    real property $345,973

  • 6d · Net rental income or loss

    total $345,973 · related or exempt $345,973

  • 11a · Other revenue: OTHER INCOME

    total $89,257 · related or exempt $89,257

  • 11e · Other revenue, total

    $89,257

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $269,742 · program services $233,903 · management and general $35,839

  • 7 · Other salaries and wages

    total $6,988,284 · program services $6,059,785 · management and general $928,499

  • 8 · Pension plan contributions

    total $66,268 · program services $58,461 · management and general $7,807

  • 9 · Other employee benefits

    total $1,184,928 · program services $1,045,324 · management and general $139,604

  • 10 · Payroll taxes

    total $552,786 · program services $487,659 · management and general $65,127

  • 11a · Fees: management

    total $1,166,787 · program services $1,032,651 · management and general $133,198 · fundraising $938

  • 11b · Fees: legal

    total $8,390 · program services $7,584 · management and general $806

  • 11c · Fees: accounting

    total $20,200 · program services $18,260 · management and general $1,940

  • 11g · Fees: other

    total $514,517 · program services $465,111 · management and general $49,406

  • 13 · Office expenses

    total $56,572 · program services $42,019 · management and general $14,553

  • 14 · Information technology

    total $65,996 · program services $65,696 · management and general $300

  • 16 · Occupancy

    total $1,802,679 · program services $1,564,107 · management and general $238,572

  • 20 · Interest

    total $33,733 · program services $29,269 · management and general $4,464

  • 22 · Depreciation, depletion and amortization

    total $466,097 · program services $404,412 · management and general $61,685

  • 23 · Insurance

    total $43,360 · program services $38,375 · management and general $4,950 · fundraising $35

  • 24a · Other expenses: STUDENT MEAL SERVICES

    total $678,512 · program services $600,509 · management and general $77,457 · fundraising $546

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $638,279 · program services $553,893 · management and general $84,386

  • 24c · Other expenses: SUPPLIES

    total $455,303 · program services $397,751 · management and general $57,552

  • 24d · Other expenses: UTILITIES

    total $225,066 · program services $199,192 · management and general $25,693 · fundraising $181

  • 24e · All other expenses

    total $379,517 · program services $355,667 · management and general $23,683 · fundraising $167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,875,480 · end of year $1,983,378

  • 2 · Savings and temporary cash investments

    end of year $10,000

  • 3 · Pledges and grants receivable

    end of year $482,389

  • 4 · Accounts receivable

    beginning of year $656,847 · end of year $652,253

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,088 · end of year $163,481

  • 10a · Land, buildings and equipment: cost or other basis

    $5,032,046

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,949,511

  • 10c · Land, buildings and equipment, net

    beginning of year $2,253,598 · end of year $2,082,535

  • 15 · Other assets

    beginning of year $16,909,630 · end of year $16,511,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $529,805 · end of year $750,138

  • 23 · Secured mortgages and notes payable

    beginning of year $1,243,929 · end of year $981,809

  • 25 · Other liabilities

    beginning of year $17,647,939 · end of year $16,844,955

  • 27 · Net assets without donor restrictions

    beginning of year $2,431,970 · end of year $2,808,878

  • 28 · Net assets with donor restrictions

    end of year $500,000

Mission and programs · 2024

Mission

A MARYVALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

  • A MARYVALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

    Expenses $13,659,628 · Revenue $11,903,427

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Mulhern

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Christofer Pereyra

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Thorpe

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mona Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel Mercado

    HEADMASTER

    Total calculated
    $114,517
    From this org
    $0
    From related orgs
    $106,676
    Other
    $7,841
    Hours/week
    40

  • Crystal Cruz

    HEADMASTER

    Total calculated
    $155,225
    From this org
    $0
    From related orgs
    $133,835
    Other
    $21,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $107,035 related
    Bonus
    not reported + $14,500 related
    Other
    not reported + $12,300 related
    Deferred
    not reported + $2,677 related
    Nontaxable benefits
    not reported + $18,713 related
    Filer's total
    not reported + $155,225 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202610729349300501

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