Mmi Preparatory School
- Assets
- $32.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Freeland, PA
- Founding
- 05/1947
- Data as of
- 06/2023
- EIN
- 24-0795967
Organization Overview
Mmi Preparatory School is located in Freeland, PA. The organization was established in 1947. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Mmi Preparatory School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mmi Preparatory School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mmi Preparatory School generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEDICATED AREA STUDENTS WITH A COMPREHENSIVE AND INSPIRING 6TH- 12TH GRADE COLLEGE PREPARATORY PROGRAM THAT MAXIMIZES EACH INDIVIDUAL'S ACADEMIC, SOCIAL, AND CHARACTER POTENTIAL IN PREPARATION FOR SUCCESS IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINING AND MECHANICAL INSTITUTE OPERATES A PRIVATE PREPARATORY SCHOOL, GRADES 6-12. SUBSTANTIALLY ALL GRADUATING STUDENTS GO ON TO ATTEND COLLEGE. THE SCHOOL TAKES AN ACTIVE APPROACH TO ATTRACT STUDENTS OF LOW AND MIDDLE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Kleinheider Head Of Scho | Officer | 40 | $173,461 |
Theresa Long Head Of Scho | Officer | 40 | $56,864 |
Tyler J Breznitsky Director | Trustee | 2 | $0 |
Gloria Galante Director | Trustee | 2 | $0 |
John H Hersker Vice Chair | Trustee | 5 | $0 |
John J Slyconish II Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franzosa Trucking Co Inc Trucking | 6/29/20 | $203,803 |
Precision Design Consulting | 6/29/20 | $138,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,532 |
| Total Program Service Revenue | $3,232,965 |
| Investment income | $742,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $254,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,220,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $990,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,417,478 |
| Pension plan accruals and contributions | $96,372 |
| Other employee benefits | $629,203 |
| Payroll taxes | $187,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,432 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,039 |
| Fees for services: Other | $5,469 |
| Advertising and promotion | $131,151 |
| Office expenses | $234,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250,837 |
| Travel | $8,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,451 |
| Interest | $143,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,656 |
| Insurance | $79,321 |
| All other expenses | $91,193 |
| Total functional expenses | $6,402,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $211,821 |
| Pledges and grants receivable | $110,169 |
| Accounts receivable, net | $15,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,382 |
| Prepaid expenses and deferred charges | $91,471 |
| Net Land, buildings, and equipment | $9,093,500 |
| Investments—publicly traded securities | $18,248,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,211,135 |
| Total assets | $32,000,929 |
| Accounts payable and accrued expenses | $596,935 |
| Grants payable | $0 |
| Deferred revenue | $322,127 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $87,424 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,125,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,131,965 |
| Net assets without donor restrictions | $13,573,549 |
| Net assets with donor restrictions | $14,295,415 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,000,929 |