Mount Prospect Academy Inc
- Assets
- $31.2m
- Revenue
- $43.2m
- Investments
- $0.0
- Employees
- 746
- Location
- Plymouth, NH
- Founding
- 06/2004
- Data as of
- 06/2022
- 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 06/2022, Mount Prospect Academy Inc employed 746 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 06/2022, Mount Prospect Academy Inc generated $43.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $37.3m during the year ending 06/2022. While expenses have increased by 25.2% 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
2022
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.
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 |
|---|---|---|---|
Jonathan Bownes Director | Trustee | 1 | $0 |
Rob Bannon Director | Trustee | 1 | $0 |
Ben Cronin Director | Trustee | 1 | $0 |
Paul Fitzgerald Director | Trustee | 1 | $0 |
Charles Wheeler Director | Trustee | 1 | $0 |
Michael Sullivan Past Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All-access Infotech Llc Information Technology | 6/29/22 | $371,636 |
Becket Academy Support Services | 6/29/22 | $568,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,537 |
| Related organizations | $0 |
| Government grants | $944,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $963,514 |
| Total Program Service Revenue | $42,187,358 |
| Investment income | $9,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $715 |
| Net Gain/Loss on Asset Sales | $16,906 |
| Net Income from Fundraising Events | $7,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,185,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,537 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $906,357 |
| Compensation of current officers, directors, key employees. | $188,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,983,197 |
| Pension plan accruals and contributions | $320,574 |
| Other employee benefits | $3,036,704 |
| Payroll taxes | $1,869,597 |
| Fees for services: Management | $568,723 |
| Fees for services: Legal | $92,983 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,827 |
| Advertising and promotion | $37,521 |
| Office expenses | $2,484,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,520,024 |
| Travel | $999,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $553,172 |
| Interest | $247,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,297,973 |
| Insurance | $269,017 |
| All other expenses | $0 |
| Total functional expenses | $37,259,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,075 |
| Savings and temporary cash investments | $11,815,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,642,556 |
| 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 | $226,908 |
| Net Land, buildings, and equipment | $12,257,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,165,897 |
| Total assets | $31,241,305 |
| Accounts payable and accrued expenses | $3,443,823 |
| 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 | $6,038,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $694,511 |
| Total liabilities | $10,176,389 |
| Net assets without donor restrictions | $21,064,916 |
| 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 | $31,241,305 |