Overview
What is Montgomery Preparatory Academy?
Montgomery Preparatory Academy is a nonprofit organization situated in Dayton, Ohio, specifically at 2745 S Smithville Road. Its primary mission is to offer educational choices to children and families within the community. The academy operates as a charter school, providing instructional services to students in grades K-8 for the 2021-2022 academic year. According to its articles of incorporation, its objectives include the establishment and operation of a charter school in Ohio, benefiting the community's children, and engaging in activities complementary to these main goals, as permitted under the applicable tax-exempt code.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Stars)
Montgomery Preparatory Academy has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in various areas of accountability and finance. The organization excels in having a fully independent board and robust financial oversight practices, as evidenced by perfect scores in several governance aspects. However, their overall financial health is concerning, with significant issues highlighted in fundraising efficiency and working capital.
Strengths include a strong commitment to program expenses, with 100% of its expenditures directed towards its mission. The organization also maintains essential policies regarding conflicts of interest, whistleblowing, and document retention, which contribute positively to its governance structure. These elements suggest a solid foundation for responsible operation and commitment to transparency.
On the other hand, significant limitations are apparent, particularly in financial sustainability. The lack of tax forms on their website and poor fundraising efficiency raise red flags about their financial management. The working capital ratio and liabilities to assets ratio indicate potential financial distress, which could affect the organization's ability to maintain its programs effectively in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery Preparatory Academy legitimate?
Montgomery Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery Preparatory Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,115,494
For more financial information, click here
What is the mission statement of Montgomery Preparatory Academy?
Montgomery Preparatory Academy's mission, as outlined in its Articles of Incorporation, is primarily focused on establishing and operating a charter school within the state of Ohio. The school aims to serve the educational needs of the local community's children, providing instructional services for students in grades K-8. Additionally, the academy is permitted to engage in activities incidental to these primary purposes, as allowed by Chapter 1702 of the Ohio Revised Code, operating under the guidelines of being a tax-exempt organization under IRC 501c3.
Who is the CEO of Montgomery Preparatory Academy?
C David Massa is the Board Member of Montgomery Preparatory Academy.
What is the revenue of Montgomery Preparatory Academy?
Montgomery Preparatory Academy's revenue in 2022 was $3,433,604.
Who are the executives of Montgomery Preparatory Academy and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Montgomery Preparatory Academy?
Montgomery Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montgomery Preparatory Academy
Montgomery Preparatory Academy, a nonprofit organization, was established with a mission to offer educational choices to the local community and its students. As outlined in its Articles of Incorporation, the academy's primary purpose is to operate a charter school in compliance with the guidelines set forth in Chapter 1702 of the Ohio Revised Code. The academy aims to serve the children and community at large, with a focus on providing instructional services to students in grades K-8. Beyond its educational mission, Montgomery Preparatory Academy is also permitted to engage in activities that further its primary objectives, falling under the category of activities deemed incidental to charitable organizations as per the Internal Revenue Code (IRC) 501c3.
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Impact
July, 2024
Montgomery Preparatory Academy's impact can be seen in the opportunities it provides for educational choice to students and families in the Dayton, Ohio community. By offering instructional services to students in Grades K-8, the academy plays a significant role in shaping the academic growth and development of young learners. Through its mission to establish and run a charter school for the benefit of children and the community, Montgomery Preparatory Academy contributes to enhancing educational options and fostering a supportive learning environment.
This information is meant to be a general summary of Montgomery Preparatory Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,433,604
Assets and Liabilities:
- Total Assets: $1,834,598
- Total Liabilities: $3,041,556
- Net Assets: -$1,206,958
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Organization Details
Founding Year
2018
Principal Officer
C David Massa
Main Address
2745 S Smithville Road, Dayton, OH, 45420
NTEE Category
Code: B29 - Education
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