Mason Preparatory School Foundation Inc
- Assets
- $437.5k
- Revenue
- $136.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/2016
- Data as of
- 05/2022
- EIN
- 47-2755337
Organization Overview
Mason Preparatory School Foundation Inc is located in Charleston, SC. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason Preparatory School Foundation 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 05/2022, Mason Preparatory School Foundation Inc generated $136.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $44.4k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mason Preparatory School Foundation Inc has awarded 11 individual grants totaling $670,361. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MASON PREP SCHOOL FOUNDATION SUPPORTS MASON PREP SCHOOL THROUGH STRATEGIC FUNDRAISING THAT PROVIDES SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO MASON PREP STUDENTS, PROMOTES THE DEVELOPMENT OF THE MASON PREP FACULTY,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MASON PREP FOUNDATION IS THE FUNDRAISING ARM OF MASON PREP SCHOOL. THE FOUNDATIONS EFFORTS RAISE FUNDS TO ENABLE MASON PREP SCHOOL TO PROVIDE FINANCIAL AID TO QUALIFIED MASON PREP STUDENTS, PROMOTE THE DEVELOPMENT OF MASON PREP'S FACULTY/STAFF, AND ENHANCE AND IMPROVE MASON PREP'S FACILITIES AND ITS EDUCATIONAL PROGRAMS. THE FUNDRAISING INITIATIVES OF THE FOUNDATION INCLUDE THE MASON PREP ANNUAL FUND, SPECIAL EVENTS, MAJOR GIFT INITIATIVES, AND FUTURE CAPITAL CAMPAIGNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Foxhall Director/cha | OfficerTrustee | 2 | $0 |
Sheri Cooper Director/tre | OfficerTrustee | 4 | $0 |
Chaun Pflug Director | Trustee | 0.25 | $0 |
J Colin Bruner Director | Trustee | 0.25 | $0 |
Jordana Snider Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,776 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,256 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,670 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,358 |
| Advertising and promotion | $0 |
| Office expenses | $1,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $335 |
| All other expenses | $0 |
| Total functional expenses | $44,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,477 |
| Savings and temporary cash investments | $145,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,510 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $292,477 |
| Net assets with donor restrictions | $145,033 |
| 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 | $437,510 |
Grants Awarded
Over the last fiscal year, Mason Preparatory School Foundation Inc has awarded $121,442 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC PURPOSE: CAPITAL | $94,729 |
Charleston, SC PURPOSE: TEACHER DEVELOPMENT | $26,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mason Preparatory School Foundation Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Union County Community Action Inc Monroe, NC | $2,766,376 | $8,366,700 |
Catholic Charities Diocese Of Charlotte Charlotte, NC | $5,722,782 | $8,229,050 |
Catholic Charities Of The Archdiocese Of Atlanta Inc Smyrna, GA | $7,542,263 | $7,621,704 |
Piedmont Community Actions Inc Spartanburg, SC | $1,365,727 | $7,604,759 |
King David Community Center Of Atlanta Inc Norcross, GA | $14,732,900 | $8,925,593 |
Palmetto Dunes Property Owners Association Hilton Head Island, SC | $37,616,035 | $10,414,981 |