Mount Prospect Academy Inc
- Assets
- $25.0m
- Revenue
- $42.5m
- Investments
- $0.0
- Employees
- 743
- Location
- Plymouth, NH
- Founding
- 06/2004
- Data as of
- 06/2021
- EIN
- 32-0048804
Organization Overview
Mount Prospect Academy Inc is located in Plymouth, NH. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mount Prospect Academy Inc employed 743 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Prospect Academy Inc 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 06/2021, Mount Prospect Academy Inc generated $42.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $36.0m during the year ending 06/2021. While expenses have increased by 29.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A SCHOOL AND RESIDENTIAL TREATMENT FACILITY FOR CHILDREN AND TROUBLED YOUTH TOGETHER WITH RELATED COMMUNITY BASED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION, ROOM, BOARD AND RELATED EXPENSES OF OPERATING A SCHOOL AND RESIDENTIAL TREATMENT FACILITY TOGETHER WITH ANCILLARY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Caron President | Officer | 40 | $327,379 |
Susan Beck-Dore Vice President | Officer | 40 | $248,616 |
James Marshall Head Of Schools | 40 | $162,377 | |
John Fulp Director Of Operations | 40 | $159,537 | |
John Carpenter Past CFO | Officer | 40 | $158,022 |
Cory Rogers Head Of Schools | 40 | $129,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Becket Academy Support Services | 6/29/21 | $1,092,998 |
All-access Infotech Llc Information Technology | 6/29/21 | $418,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,305,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $973,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,278,897 |
| Total Program Service Revenue | $35,987,078 |
| Investment income | $8,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,578 |
| Net Gain/Loss on Asset Sales | $208,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,485,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $897,537 |
| Compensation of current officers, directors, key employees. | $214,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,503,694 |
| Pension plan accruals and contributions | $304,055 |
| Other employee benefits | $3,658,363 |
| Payroll taxes | $1,874,841 |
| Fees for services: Management | $1,092,998 |
| Fees for services: Legal | $28,992 |
| Fees for services: Accounting | $7,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,075 |
| Advertising and promotion | $144,489 |
| Office expenses | $2,161,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,021,887 |
| Travel | $791,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,669 |
| Interest | $250,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,176,673 |
| Insurance | $284,841 |
| All other expenses | $2,853 |
| Total functional expenses | $36,029,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,157,443 |
| Savings and temporary cash investments | $8,537,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,654,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $129,035 |
| Net Land, buildings, and equipment | $10,552,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,031,051 |
| Accounts payable and accrued expenses | $3,478,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,145,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,267,610 |
| Total liabilities | $9,892,264 |
| Net assets without donor restrictions | $15,138,787 |
| Net assets with donor restrictions | $0 |
| 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 | $25,031,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Buckingham Browne And Nichols School Cambridge, MA | $184,959,090 | $58,711,322 |
Mount Prospect Academy Inc Plymouth, NH | $25,031,051 | $42,485,261 |
Winsor School Inc Boston, MA | $217,305,625 | $31,356,069 |
Fessenden School West Newton, MA | $138,609,682 | $33,180,214 |
Worcester Academy Worcester, MA | $109,627,128 | $31,140,946 |
Fay School Inc Southborough, MA | $107,158,040 | $28,014,225 |
Park School Corporation Brookline, MA | $111,847,022 | $33,906,318 |
Berwick Academy Trustees South Berwick, ME | $57,917,930 | $28,954,341 |
Waynflete School Portland, ME | $64,743,291 | $23,025,527 |
Walnut Hill Center For The Arts Inc Natick, MA | $69,571,380 | $22,569,581 |
Brimmer & May School Chestnut Hill, MA | $62,947,344 | $26,311,497 |