Mmi Preparatory School
- Assets
- $32.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 72
- Location
- Freeland, PA
- Founding
- 05/1947
- Data as of
- 06/2022
- 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 06/2022, Mmi Preparatory School employed 72 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 06/2022, Mmi Preparatory School generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Kleinheider Head Of Scho | Officer | 40 | $149,645 |
John J Slyconish II Treasurer | OfficerTrustee | 2 | $0 |
Stanley B Warner III Director | OfficerTrustee | 2 | $0 |
Richard A Diliberto Jr Chair | OfficerTrustee | 2 | $0 |
Theresa Long Head Of Scho | Officer | 40 | $0 |
Lawrence W Dessen Director | Trustee | 2 | $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 |
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 | $1,094,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,094,383 |
| Total Program Service Revenue | $3,290,649 |
| Investment income | $352,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,836,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $978,722 |
| 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 | $2,123,432 |
| Pension plan accruals and contributions | $112,448 |
| Other employee benefits | $626,531 |
| Payroll taxes | $163,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,921 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,541 |
| Fees for services: Other | $5,235 |
| Advertising and promotion | $119,148 |
| Office expenses | $183,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,053 |
| Travel | $5,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,974 |
| Interest | $96,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $508,175 |
| Insurance | $97,358 |
| All other expenses | $98,869 |
| Total functional expenses | $5,952,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $191,875 |
| Pledges and grants receivable | $93,090 |
| Accounts receivable, net | $1,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,153 |
| Prepaid expenses and deferred charges | $131,659 |
| Net Land, buildings, and equipment | $9,263,451 |
| Investments—publicly traded securities | $18,535,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,132,772 |
| Total assets | $32,370,301 |
| Accounts payable and accrued expenses | $431,356 |
| Grants payable | $0 |
| Deferred revenue | $327,348 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $104,015 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,638,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,501,274 |
| Net assets without donor restrictions | $16,740,879 |
| Net assets with donor restrictions | $11,128,148 |
| 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 | $32,370,301 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Mmi Preparatory School has recieved totaling $223,547.
| Awarding Organization | Amount |
|---|---|
The Luzerne Foundation Wilkesbarre, PA PURPOSE: EDUCATIONAL ENHANCEMENTS; PROGRAM SUPPORT | $112,533 |
United Way Of Wyoming Valley Wilkes Barre, PA PURPOSE: PROGRAM OPERATING COSTS | $66,316 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,600 |
Joseph Andreuzzi Family Foundation Created U W Dated 101512 Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Arnold And Mabel Beckman Foundation Irvine, CA PURPOSE: RESEARCH, GENERAL SUPPORT & EDUCATION | $10,000 |
Hannah S Cohn And Samuel A Cohn Memorial Foundation Wilkes Barre, PA PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $6,823,542 |
| Earnings | $173,390 |
| Admin Expense | -$47,295 |
| Net Contributions | $276,305 |
| Other Expense | -$420,938 |
| Ending Balance | $6,805,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |