MASTERS PREPARATORY ACADEMY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MASTERS PREPARATORY ACADEMY (EIN 45-2651490)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-14
IRS object ID
202522879349300512
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-14T09:03:22-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472461346PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WELLS CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1215 N FRONT ST STE 110AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43215ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452651490EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MASTERS PREPARATORY ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMASTBusinessNameControlTxt
Phone6145073378PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12389 BROOKWOODAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43209ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT MURPHYPersonNm
Person TitleFOUNDER / CEOPersonTitleTxt
Phone6144898787PhoneNum
Signature2025-10-14SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDONALD WELLSPreparerPersonNm
PTINP01867509PTIN
Phone6143968974PhoneNum
Preparation2025-10-14PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT MURPHYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12389 BROOKWOOD ROADAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43209ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$704,208GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressMASTERSPREPOHIO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionTHE MASTERS PREPARATORY ACADEMY IS AN ALL MALE BOARD SCHOOL DESIGNED TO SERVE AFRICAN AMERICAN BOYS FROM ACROSS THE STATE OF OHIO AND SURROUNDING STATES. STUDENTS WILL LEARN THE METHODS AND SKILLS OF HIGH ACADEMIC EXCELLENCE.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$312,523PYContributionsGrantsAmt
CY Contributions Grants$704,208CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$312,523PYTotalRevenueAmt
CY Total Revenue$704,208CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$300,979PYOtherExpensesAmt
CY Other Expenses$485,973CYOtherExpensesAmt
PY Total Expenses$300,979PYTotalExpensesAmt
CY Total Expenses$485,973CYTotalExpensesAmt
PY Revenues Less Expenses$11,544PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$218,235CYRevenuesLessExpensesAmt
Total Assets BOY$40,337TotalAssetsBOYAmt
Total Assets EOY$338,814TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$40,337NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$338,814NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MASTERS PREPARATORY ACADEMY IS AN ALL MALE BOARD SCHOOL DESIGNED TO SERVE AFRICAN AMERICAN BOYS FROM ACCROSS THE STATE OF OHIO AND SURROUNDING STATES. STUDENTS WILL LEARN THE METHODS AND SKILLS OF HIGH ACADEMIC EXCELLENCE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$469,615ExpenseAmt
DescTHE UBUNTU LEADERSHIP INSTITUTE IS AN INTENSIVE 2-WEEK SUMMER RESIDENTIAL LEADERSHIP PROGRAM FOLLOWED BY A YEARLONG LEADERSHIP AND WORKFORCE DEVELOPMENT PROGRAM ESTABLISHED THROUGH A PARTNERSHIP BETWEEN THE MASTER PREPARATORY ACADEMY, OHIO STATE UNIVERSITY'S COLLEGE OF EDUCATION AND HUMAN ECOLOGY, COLLEGE OF ENGINEERING, AND THE TODD BELL NATIONAL RESOURCE CENTER ON THE AFRICAN AMERICAN MALE.Desc
Total Program Service Expenses$469,615TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonROBERT MURPHYPersonNm
Phone6145073378PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12389 BROOKWOOD ROADAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43209ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ROBERT MURPHY
FOUNDER / CE7.00Yes (X)$13,750$0$0
CAROLYN MURPHY
SECRETARY10.00$5,000$0$0Yes (X)
MARLISSA STAUFFER
CHAIR2.00Yes (X)$0$0$0Yes (X)
TIM BROWN
DIRECTOR0.50$0$0$0Yes (X)
JOHN TYUS
CO-CHAIR0.50Yes (X)$0$0$0Yes (X)
TALISA DIXON
DIRECTOR0.50$0$0$0Yes (X)
ED HERDERICK
DIRECTOR0.50$0$0$0Yes (X)
JIM WHITE
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$18,750TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$198,575GovernmentGrantsAmt
All Other Contributions$505,633AllOtherContributionsAmt
Total Contributions$704,208TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$704,208TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$74,200TotalAmt
Program Services$67,000ProgramServicesAmt
Management And General$7,200ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$450TotalAmt
Management And General$450ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,164TotalAmt
Management And General$1,164ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EDUCATIONAL PROGRAMMING$390,989$390,989
MARKETING AND BRANDING$11,626$11,626
MISCELLANEOUS$7,544$7,544

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$485,973TotalAmt
Program Services$469,615ProgramServicesAmt
Management And General$16,358ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$40,337BOYAmt
EOY$338,814EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$40,337BOYAmt
EOY$338,814EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$40,337BOYAmt
EOY$140,239EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$198,575EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,337BOYAmt
EOY$338,814EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,337BOYAmt
EOY$338,814EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$218,235ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$80,242OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$266,984CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$123,984CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$99,260CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$312,523CurrentTaxYearMinus1YearAmt
Current Tax Year$704,208CurrentTaxYearAmt
Total$1,506,959TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$266,984CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$123,984CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$99,260CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$312,523CurrentTaxYearMinus1YearAmt
Current Tax Year$704,208CurrentTaxYearAmt
Total$1,506,959TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$469,861SubstantialContributorsTotAmt
Public Support Total170$1,037,098PublicSupportTotal170Amt
Total Support$1,506,959TotalSupportAmt
Public Support CY1700.68820PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE MASTERS PREPARATORY ACADEMY IS AN ALL MALE BOARD SCHOOL DESIGNED TO SERVE AFRICAN AMERICAN BOYS FROM ACCROSS THE STATE OF OHIO AND SURROUNDING STATES. STUDENTS WILL LEARN THE METHODS AND SKILLS OF HIGH ACADEMIC EXCELLENCE.
FORM 990, PAGE 6, PART VI, LINE 11BEACH MEMBER OF THE GOVERNING AUTHORITY REVIEWS AND APPROVES THE 990 PRIOR TO FILING WITH THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12CTHE BOARD MEMBERS SIGN ANNUALLY A CONFLICT OF INTEREST POLICY. THEY PRESENT ANY POTENTIAL CONFLICT OF INTEREST THEY ENCOUNTER TO THE BOARD AND REFRAIN FROM VOTING ON THE RELATED MATTER.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD DETERMINES THE COMPENSATION FOR ALL EMPLOYEES AND CONTRACTORS BASED ON DATA FROM OTHER SIMILAR SIZE NONPROFITS.
FORM 990, PAGE 6, PART VI, LINE 15BTHE BOARD DETERMINES THE COMPENSATION FOR ALL EMPLOYEES AND CONTRACTORS BASED ON DATA FROM OTHER SIMILAR SIZE NONPROFITS.
FORM 990, PAGE 6, PART VI, LINE 19WRITTEN REQUESTS ARE SUBMITTED TO THE BOARD. THE BOARD REVIEWS EACH REQUEST AND DETERMINES IF THE INFORMATION SHOULD BE MADE AVAILABLE.
FORM 990, PART IX, LINE 11GPROFESSIONAL FEES 67,000 7,200 0
FORM 990, PART XI, LINE 9OTHER CHANGES 80,242 CHANGE IN THE PRIOR YEAR BALANCE SHEET AFTER THE 990 WAS FILED.

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