Mason Preparatory School

EIN: 570447248 501(c)(3) Education

Charleston, SC

Total Revenue
$6,703,179
Total Expenses
$5,554,678
Total Assets
$16,992,510
Net Assets
$10,628,558
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Organization Details

Formation Year
1964
Legal Domicile
SC
Principal Officer
Tom Dion
Phone
8437230664
Tax Period
2024-06-01 to 2025-05-31

Mason Preparatory School, founded in 1964, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 17% operating margin.

Mission

Mason Preparatory School is committed to the education of the whole child in preparation for secondary education through the cultivation of respect, integrity, and personal responsibility within a nurturing environment that results in a productive citizen of a global community.

Program Service Accomplishments

Program 1
Expenses: $4,671,414 Revenue: $6,117,363

Mason Preparatory School educates approximately 320 students from pre-kindergarten through eighth grade programs. The School is accredited by the Southern Association of Colleges and Schools (SACS)...

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Mason Preparatory School educates approximately 320 students from pre-kindergarten through eighth grade programs. The School is accredited by the Southern Association of Colleges and Schools (SACS), the Southern Association of Independent Schools (SAIS), and the South Carolina Independent School Association (SCISA). The School is also a member of the National Association of Independent Schools (NAIS) and the Palmetto Association of Independent Schools (PAIS). The School has a student to teacher ratio of 10 to 1. The School's program is as follows: (Continued on Schedule O)Two homerooms per gradeIndividual assistants in each pre-kindergarten, kindergarten and 1st grade class, shared assistants in each grade 2-4 ; State of the art technology equipment with technology instruction beginning in kindergarten; 1:1 iPad/tablet program in grades 3-8; Weekly curriculum including art, music, media center, physical education, guidance, French and/or Spanish Carnegie unit available in Algebra I and French I or Spanish I for proficient 8th grade students;Full time Clinical Child Psychologist;One full time learning specialist;After-school activities offered (see further below);Varied sports programs offered (see further below);Extended care available on full school days until 5:45; and Our graduates enroll in an outstanding variety of public and private high schools. Afterschool Programs Although the Mason Prep School day officially ends at 3:05 p.m., many options are available for students after school. Extended Day Offered on a flexible as-needed basis, the Extended Day program provides a supervised environment until 5:45 p.m., with time for homework as well as for recreation. Homework help is also available in Study Hall sessions conducted by staff members. Afterschool Programs Mason Prep welcomes the opportunity to coordinate various afterschool programs with outstanding organizations and professionals. Our programs provide our students in every grade with opportunities to expand their horizons through the arts, athletics, culture, math, science, strategy and engineering. The participants also continue to develop skills in the areas of communication, participation, fair play and persistence as the different activities broaden the world around them. Athletics The Mason Prep faculty, staff, and coaches strive to develop the whole child, and our athletic program plays a significant part in this effort. Our program is designed to teach basic fundamental skills and then build on those skills at appropriate age levels. Fundamental skills and strategies in several sports can be mastered in the eight years at Mason Prep, and athletes who continue through the middle school years can make an easy transition to high school sports. Mason Prep athletes also learn the meaning of hard work, integrity, responsibility, commitment, and sportsmanship - critically important traits for each athlete to take to the next level of sport and into adulthood. Mason Preps teams typically involve grades 4 - 8. We play area schools, giving our children an opportunity to make new friends through sport. Volleyball (girls) - Mason Prep fielded three volleyball teams for girls in Grades 5-8. The volleyball season runs from September to mid-October, with games played through the City of Charleston Recreational Volleyball League.Basketball (girls and boys) - The basketball program runs from mid-October through early February. Tennis (girls and boys, grades 4-8) - Tennis season takes place in the spring with competitions through the Charleston Tennis Center. Developmental Sports Before students enter a competitive arena, developmental teams are offered in basketball in grades K - 3. These teams participate in intramural sessions with volunteer parent coaches. Rather than a win/loss record, each individual's performing to the best of his or her ability and development of fundamental skills are the Mason Prep measures of success.

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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 $224,489
Program Service Revenue $6,117,363
Investment Income $329,398
Other Revenue $31,929
TOTAL REVENUE $6,703,179

Expense Breakdown

Grants Paid $83,210
Salaries & Benefits $3,890,030
Fundraising Expenses $108,113
Program Expenses $4,671,414
Other Expenses $1,581,438
TOTAL EXPENSES $5,554,678

Year-over-Year Comparison

2024 2023 Change
Revenue $6,703,179 $6,791,063 0.0%
Expenses $5,554,678 $5,412,670 +0.0%
Net Income $1,148,501 $1,378,393 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
98
Volunteers
70

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
5
$167,346
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Dion Chair 2.00
Officer Director
$0 $0 $0
Jenny Jordan Vice Chair 2.00
Officer Director
$0 $0 $0
Russell Bryant Secretary 2.00
Officer Director
$0 $0 $0
Mike Goldstein Treasurer 2.00
Officer Director
$0 $0 $0
Marion Faerber Director 2.00
Director
$0 $0 $0
Lyndsey Nacey Director 2.00
Director
$0 $0 $0
Jordana Snider Director 2.00
Director
$0 $0 $0
Mary Lou Wertz Director 2.00
Director
$0 $0 $0
Gaylord Green Director 2.00
Director
$0 $0 $0
Scott Anthony Director 2.00
Director
$0 $0 $0
Ryan Phillips Director 2.00
Director
$0 $0 $0
Brett Finley Director 2.00
Director
$0 $0 $0
Jessica Anderson Director 2.00
Director
$0 $0 $0
Michelle Reilly Director 2.00
Director
$0 $0 $0
Nicholas Penna Director 2.00
Director
$0 $0 $0
Jennifer Baker Head of School 40.00
Officer
$155,684 $11,662 $167,346
Katrina Bryan Asst. Head of School 40.00
Highest
$108,155 $0 $108,155
Stephanie Pierce Director of Finance 40.00
Highest
$104,246 $3,148 $107,394
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 $6,703,179 $5,554,678 $16,992,510 $1,148,501
2024 $6,791,063 $5,412,670 $16,211,329 $1,378,393
2023 $5,775,664 $5,159,724 $14,920,181 $615,940
2022 $5,483,661 $5,110,219 $14,263,846 $373,442
2021 $5,650,248 $4,847,193 $14,487,154 $803,055
2020 $4,691,874 $4,565,415 $13,805,910 $126,459
2019 $5,175,508 $4,969,290 $13,243,246 $206,218
2018 $4,900,149 $4,894,558 $13,783,376 $5,591
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