Overview
What is Mount Auburn Preparatory Academy?
Mount Auburn Preparatory Academy is a nonprofit organization situated in Cincinnati, Ohio, specifically at 244 Southern Avenue. Established under Chapter 1702 of the Ohio Revised Code, its primary purpose is to operate a charter school within the state of Ohio, catering to children from Kindergarten to Eighth Grade. The organization's core mission is to offer educational choices to the local community and provide instructional services to enrolled students within these grades. It is committed to supporting the educational growth and development of children from the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 67% - Two-Star out of Four Star Rating
Mount Auburn Preparatory Academy has received a Two-Star rating from Charity Navigator, indicating there are significant areas for improvement, particularly in financial health. The organization shows strong governance and accountability practices, including a fully independent board and a comprehensive conflict of interest policy. However, the financial metrics raise concerns, particularly the high liabilities to assets ratio and negative working capital, which suggest potential financial instability.
The organization excels in its program expense ratio, demonstrating that all of its expenses are directed towards its programs. This is a strength that highlights its commitment to fulfilling its mission. However, the fundraising efficiency is notably weak, with no funds raised relative to expenses, indicating challenges in generating financial support from the community or other sources.
Overall, while Mount Auburn Preparatory Academy demonstrates solid governance and a commitment to its programs, its financial health needs attention to ensure sustainability and effectiveness in the long term. Addressing these financial challenges will be critical for the organization's continued success.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Auburn Preparatory Academy legitimate?
Mount Auburn Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Auburn 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: $1,613,351
For more financial information, click here
What is the mission statement of Mount Auburn Preparatory Academy?
Mount Auburn Preparatory Academy's mission, as outlined in its Articles of Incorporation, is to establish and operate a charter school within the state of Ohio. The primary objective is to offer educational choices to students and their families in the community. The academy is primarily focused on providing instructional services to students in grades K-8. Beyond this, the organization is permitted to engage in activities that are incidental to these primary purposes, as permitted by the Internal Revenue Code Section 501c3.
Who is the CEO of Mount Auburn Preparatory Academy?
C David Massa is the Board Member of Mount Auburn Preparatory Academy.
What is the revenue of Mount Auburn Preparatory Academy?
Mount Auburn Preparatory Academy's revenue in 2022 was $4,523,993.
Who are the executives of Mount Auburn Preparatory Academy and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Mount Auburn Preparatory Academy?
Mount Auburn Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Auburn Preparatory Academy
Mount Auburn Preparatory Academy, as a nonprofit organization, was established with the primary goal of offering educational choices to the students and families within its community. The academy is principally focused on delivering instructional services to enrolled students in grades K through 8. In line with its Articles of Incorporation, the academy's mission is multifaceted. It aims to establish and operate a charter school within the state of Ohio, with the intention of benefiting children and the community as a whole. The academy is permitted to engage in activities that are ancillary to its primary purpose, falling under the umbrella of Section 501c3 of the Internal Revenue Code. In essence, Mount Auburn Preparatory Academy is committed to providing a high-quality educational experience while adhering to the guidelines set forth by state law and the Internal Revenue Service.
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Impact
July, 2024
Mount Auburn Preparatory Academy's impact can be seen in the educational opportunities it provides to students and families in the community. By offering instructional services to students in Grades K-8, the academy plays a crucial role in shaping the academic and personal development of young learners. Through its mission to establish and run a charter school for the benefit of children in Cincinnati, Ohio, Mount Auburn Preparatory Academy serves as a beacon of educational choice and excellence in the region. This commitment to providing quality education has a direct impact on the lives of students, empowering them with the skills and knowledge needed to succeed in their academic endeavors and beyond.
This information is meant to be a general summary of Mount Auburn 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: $4,523,993
Assets and Liabilities:
- Total Assets: $4,497,932
- Total Liabilities: $6,942,134
- Net Assets: -$2,444,202
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Organization Details
Founding Year
2018
Principal Officer
C David Massa
Main Address
244 Southern Avenue, Cincinnati, OH, 45219
NTEE Category
Code: B29 - Education
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