NonprofitsMercy Preparatory Academy

Education

Mercy Preparatory Academy

WAXAHACHIE, TX

Total revenue

$745K

Total expenses

$745K

Net assets

Grants received

EIN

843183734

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants$73K
Program service revenue$672K
Investment income
Other revenue
Total revenue$745K

Expenses

Grants paid
Salaries & benefits$533K
Fundraising$227
Other expenses$212K
Total expenses$745K
Total assets$301K
Net assets

People

3 listed

NameRoleCompensation

ERICA PHILLIPS

FOUNDER

Board

$25K

55 hrs/wk

CARY PHILLIPS

ADMINISTRATOR

Board

10 hrs/wk

SEAN LEE

Board Member

Board

10 hrs/wk

Details

EIN843183734
NTEE codeB24
Subsection03
Ruling date2020-10
Employees27
Volunteers25
MERCY PREPARATORY ACADEMY — Mission, Financials & Grants Received | Grantivo