MAIN STREET PREPARATORY ACADEMY INC

EIN: 462087498 501(c)(3) Education

Akron, OH

Total Revenue
$1,607,992
Total Expenses
$1,738,291
Total Assets
$916,691
Net Assets
$-754,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OH
Principal Officer
C David Massa
Phone
3305150572
Tax Period
2024-07-01 to 2025-06-30

MAIN STREET PREPARATORY ACADEMY INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Main Street Preparatory Academy is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for students success in school, at future work, and in life. To achieve the mission, our School will integrate current learning technologies into the classroom, offer authentic learning experiences that are respectful of how children learn best, and offer a schedule and support activities that enable each student to achieve to his or her potential. We want our students to leave the School with the skills and abilities necessary to achieve academic excellence, personal growth, and success as lifelong learners. This mission requires the support of the faculty, staff, families, and community in order to encourage and empower students to be responsible and valued citizens.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,607,992
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,607,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $797,508
Fundraising Expenses $0
Program Expenses $1,641,143
Other Expenses $940,783
TOTAL EXPENSES $1,738,291

Year-over-Year Comparison

2024 2023 Change
Revenue $1,607,992 $1,795,068 -0.1%
Expenses $1,738,291 $1,317,962 +0.3%
Net Income $-130,299 $477,106 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$4,125
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim George Board President 2.0
Director
$875 $0 $875
Don Cureton Board Treasurer 1.00
Director
$875 $0 $875
Justin Pardi Board Secretary 1.00
Director
$875 $0 $875
Dave Montesano Board Member 1.0
Director
$875 $0 $875
Dawn Gummo Board Member 1.0
Director
$625 $0 $625
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,607,992 $1,738,291 $916,691 $-130,299
2024 $1,795,068 $1,317,962 $975,532 $477,106
2023 $1,477,562 $1,509,401 $975,031 $-31,839
2022 $2,447,759 $1,643,860 $1,280,991 $803,899
2021 $1,826,385 $1,946,652 $865,540 $-120,267
2020 $1,658,828 $1,953,012 $675,322 $-294,184
2019 $1,537,657 $1,787,676 $900,305 $-250,019
2018 $1,296,199 $1,361,630 $1,193,079 $-65,431
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