Mercy Preparatory Academy is located in Waxahachie, TX. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2023, Mercy Preparatory Academy employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Preparatory Academy 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 12/2023, Mercy Preparatory Academy generated $320.0k in total revenue. All expenses for the organization totaled $287.0k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUBJECT: ACCOMPLISHMENTS OF MERCY PREPARATORY ACADEMYWE ARE WRITING TO PROVIDE A DETAILED ACCOUNT OF THE ACCOMPLISHMENTS OF MERCY PREPARATORY ACADEMY OVER THE PAST YEAR. AS A NEW INSTITUTION DEDICATED TO PROVIDING QUALITY EDUCATION IN A CHRISTIAN ENVIRONMENT, WE ARE PROUD TO SHARE OUR MILESTONES AND COMMUNITY IMPACT SINCE OPENING OUR DOORS.SCHOOL GROWTH AND DEVELOPMENTMERCY PREPARATORY ACADEMY OFFICIALLY OPENED IN AUGUST OF 2023 WITH AN INITIAL ENROLLMENT THAT INCLUDED GRADES K-10. BY THE END OF THE SCHOOL YEAR, OUR STUDENT BODY HAD GROWN TO 57 STUDENTS. THIS GROWTH UNDERSCORES THE DEMAND FOR OUR UNIQUE EDUCATIONAL APPROACH, WHICH COMBINES ACADEMIC EXCELLENCE WITH A BIBLICAL WORLDVIEW.LOOKING AHEAD, WE ARE PLANNING SIGNIFICANT EXPANSION. IN THE UPCOMING SCHOOL YEAR, WE ANTICIPATE DOUBLING OUR ENROLLMENT AND EXPANDING OUR GRADE OFFERINGS TO INCLUDE PRE-K4 THROUGH 12TH GRADE. THIS GROWTH TRAJECTORY REFLECTS OUR COMMITMENT TO MEETING THE EDUCATIONAL NEEDS OF OUR COMMUNITY AND PROVIDING A
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBJECT: ACCOMPLISHMENTS OF MERCY PREPARATORY ACADEMYWE ARE WRITING TO PROVIDE A DETAILED ACCOUNT OF THE ACCOMPLISHMENTS OF MERCY PREPARATORY ACADEMY OVER THE PAST YEAR. AS A NEW INSTITUTION DEDICATED TO PROVIDING QUALITY EDUCATION IN A CHRISTIAN ENVIRONMENT, WE ARE PROUD TO SHARE OUR MILESTONES AND COMMUNITY IMPACT SINCE OPENING OUR DOORS.SCHOOL GROWTH AND DEVELOPMENTMERCY PREPARATORY ACADEMY OFFICIALLY OPENED IN AUGUST OF 2023 WITH AN INITIAL ENROLLMENT THAT INCLUDED GRADES K-10. BY THE END OF THE SCHOOL YEAR, OUR STUDENT BODY HAD GROWN TO 57 STUDENTS. THIS GROWTH UNDERSCORES THE DEMAND FOR OUR UNIQUE EDUCATIONAL APPROACH, WHICH COMBINES ACADEMIC EXCELLENCE WITH A BIBLICAL WORLDVIEW.LOOKING AHEAD, WE ARE PLANNING SIGNIFICANT EXPANSION. IN THE UPCOMING SCHOOL YEAR, WE ANTICIPATE DOUBLING OUR ENROLLMENT AND EXPANDING OUR GRADE OFFERINGS TO INCLUDE PRE-K4 THROUGH 12TH GRADE. THIS GROWTH TRAJECTORY REFLECTS OUR COMMITMENT TO MEETING THE EDUCATIONAL NEEDS OF OUR COMMUNITY AND PROVIDING A COMPREHENSIVE EDUCATIONAL EXPERIENCE.COMMUNITY SERVICE INITIATIVESA CORNERSTONE OF MERCY PREPARATORY ACADEMY'S MISSION IS TO INSTILL A SPIRIT OF SERVICE IN OUR STUDENTS. THROUGHOUT THE YEAR, WE HAVE ACTIVELY PARTICIPATED IN VARIOUS COMMUNITY SERVICE PROJECTS IN PARTNERSHIP WITH NOTABLE ORGANIZATIONS:BRAVE LIKE ELLIE: WE HAVE SUPPORTED THIS ORGANIZATION IN ITS MISSION TO ASSIST FAMILIES EXPERIENCING CHILDHOOD CANCER. OUR STUDENTS AND STAFF HAVE ENGAGED IN FUNDRAISING EFFORTS, AWARENESS CAMPAIGNS, AND PROVIDING DIRECT SUPPORT TO AFFECTED FAMILIES.SLEEP IN HEAVENLY PEACE: UNDERSTANDING THE IMPORTANCE OF A SAFE AND COMFORTABLE SLEEPING ENVIRONMENT FOR CHILDREN, OUR ACADEMY HAS COLLABORATED WITH THIS ORGANIZATION TO BUILD BEDS FOR CHILDREN WHO WOULD OTHERWISE SLEEP ON THE FLOOR. OUR STUDENTS AND FACULTY HAVE DEDICATED NUMEROUS HOURS TO CONSTRUCTING AND DELIVERING THESE BEDS TO FAMILIES IN NEED.WAXAHACHIE CARE: AS PART OF OUR COMMITMENT TO COMBATING FOOD INSECURITY, WE HAVE PARTNERED WITH OUR LOCAL FOOD PANTRY TO ASSIST IN FOOD COLLECTION, DISTRIBUTION, AND AWARENESS EFFORTS. OUR INVOLVEMENT HAS INCLUDED ORGANIZING FOOD DRIVES, VOLUNTEERING AT THE PANTRY, AND SUPPORTING ITS OPERATIONS TO ENSURE THAT LOCAL FAMILIES HAVE ACCESS TO NECESSARY FOOD SUPPLIES.ACADEMIC AND MORAL FOUNDATIONMERCY PREPARATORY ACADEMY PRIDES ITSELF ON PROVIDING AN EDUCATION THAT NOT ONLY MEETS HIGH ACADEMIC STANDARDS BUT ALSO FOSTERS MORAL AND SPIRITUAL GROWTH. OUR CURRICULUM IS DESIGNED TO INTEGRATE A BIBLICAL WORLDVIEW IN ALL SUBJECTS, ENSURING THAT STUDENTS DEVELOP A STRONG MORAL COMPASS ALONGSIDE THEIR ACADEMIC ACHIEVEMENTS. THIS APPROACH HAS BEEN FUNDAMENTAL IN BUILDING A NURTURING AND SUPPORTIVE ENVIRONMENT WHERE STUDENTS CAN THRIVE BOTH INTELLECTUALLY AND SPIRITUALLY.CONCLUSIONTHE ACCOMPLISHMENTS OF MERCY PREPARATORY ACADEMY IN ITS INAUGURAL YEAR UNDERSCORE OUR DEDICATION TO EDUCATIONAL EXCELLENCE AND COMMUNITY SERVICE. OUR EFFORTS TO GROW AND SERVE OUR COMMUNITY HAVE BEEN MET WITH ENTHUSIASTIC SUPPORT, AND WE ARE POISED FOR CONTINUED SUCCESS AND EXPANSION IN THE COMING YEARS.WE BELIEVE THAT OUR NON-PROFIT STATUS WILL FURTHER ENHANCE OUR ABILITY TO SERVE OUR STUDENTS AND THE BROADER COMMUNITY. THANK YOU FOR CONSIDERING OUR APPLICATION. WE LOOK FORWARD TO CONTINUING OUR MISSION OF PROVIDING A HIGH-QUALITY, FAITH-BASED EDUCATION WHILE SERVING THOSE IN NEED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erica Phillips Founder | Trustee | 20 | $20,833 |
Cary Phillips Administrator | Trustee | 10 | $0 |
Sean Lee Board Member | Trustee | 10 | $0 |
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 | $104,064 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $104,064 |
Total Program Service Revenue | $215,898 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $319,962 |
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. | $20,833 |
Compensation of current officers, directors, key employees. | $4,583 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $143,332 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $13,461 |
Fees for services: Management | $0 |
Fees for services: Legal | $253 |
Fees for services: Accounting | $4,757 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $625 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,706 |
Advertising and promotion | $5,621 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $21,507 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $355 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $287,013 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $105,314 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $64,714 |
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 | $7,902 |
Net Land, buildings, and equipment | $2,131 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $180,061 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $141,671 |
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 | $5,135 |
Total liabilities | $146,806 |
Net assets without donor restrictions | $33,255 |
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 | $180,061 |