Nonprofit · EIN 45-2651490
MASTERS PREPARATORY ACADEMY
Tax-exempt (reinstated) · COLUMBUS, OH 43209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $704,208 | $485,973 | $218,235 | $338,814 | $0 | $338,814 |
| June 30, 2024 | 990 | $312,523 | $300,979 | $11,544 | $40,337 | $0 | $40,337 |
| June 30, 2023 | 990 | $110,206 | $92,809 | $17,397 | $28,793 | $0 | $28,793 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $704,208
- of which government grants
- $198,575
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $469,615
- Management and general (functional)
- $16,358
Balance sheet and other
- Total assets, start of year
- $40,337
- Total assets, end of year
- $338,814
- Total liabilities, end of year
- $0
- Net assets, end of year
- $338,814
- Net assets without donor restrictions
- $140,239
- Net assets with donor restrictions
- $198,575
- Gross receipts
- $704,208
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2015
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MURPHY | FOUNDER / CE Officer | 7 | $13,750 |
| CAROLYN MURPHY | SECRETARY Trustee or director | 10 | $5,000 |
| MARLISSA STAUFFER | CHAIR Trustee or director, Officer | 2 | $0 |
| TIM BROWN | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN TYUS | CO-CHAIR Trustee or director, Officer | 0.5 | $0 |
| TALISA DIXON | DIRECTOR Trustee or director | 0.5 | $0 |
| ED HERDERICK | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM WHITE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MARLISSA STAFFER | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 |
| DR JOHN TYUS | CO BORAD CHAIR Trustee or director, Officer | 5 | $0 |
| CAROLYN MURPHY | SECRETARY Trustee or director | 7 | $0 |
| TIM BROWN | MEMBER Trustee or director | 2 | $0 |
| JAMES WHITE | MEMBER Trustee or director | 2 | $0 |
| JAMES RAGLAND | EXOFFICO MEMBER Trustee or director | – | $0 |
| JASPER PERSON | EXOFFICO MEMBER Trustee or director | – | $0 |
| DR ROBERT MURPHY | CEO Trustee or director, Officer | 10 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MARLISSA STAFFER | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 |
| DR JOHN TYUS | CO BORAD CHAIR Trustee or director, Officer | 5 | $0 |
| CAROLYN MURPHY | SECRETARY Trustee or director | 7 | $0 |
| TIM BROWN | MEMBER Trustee or director | 2 | $0 |
| JAMES WHITE | MEMBER Trustee or director | 2 | $0 |
| JAMES RAGLAND | EXOFFICO MEMBER Trustee or director | – | $0 |
| JASPER PERSON | EXOFFICO MEMBER Trustee or director | – | $0 |
| DR ROBERT MURPHY | CEO Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 2389 BROOKWOOD RD, COLUMBUS, OH 43209-2817
- In care of
- % ROBERT MURPHY
- Mailing address (990-N for 2019)
- 2389 Brookwood Rd, Columbus OH 43209
- Principal officer (990 for 2024)
- ROBERT MURPHY, 2389 BROOKWOOD ROAD, COLUMBUS, OH 43209
- Principal officer (990-N for 2019)
- Dr Robert L Murphy, 2389 Brookwood Rd, Columbus OH 43209
- Signed the 990
- ROBERT MURPHY, FOUNDER / CEO
- Phone
- (614) 507-3378
- Website
- www.mastersprepohio.org
- Return prepared by
- WELLS CPA LLC
Mission
THE MASTERS PREPARATORY ACADEMY IS AN ALL MALE BOARD SCHOOL DESIGNED TO SERVE AFRICAN AMERICAN BOYS FROM ACCROSS THE STATE OF OHIO AND SURROUNDING STATES. STUDENTS WILL LEARN THE METHODS AND SKILLS OF HIGH ACADEMIC EXCELLENCE.
Program accomplishments
- THE UBUNTU LEADERSHIP INSTITUTE IS AN INTENSIVE 2-WEEK SUMMER RESIDENTIAL LEADERSHIP PROGRAM FOLLOWED BY A YEARLONG LEADERSHIP AND WORKFORCE DEVELOPMENT PROGRAM ESTABLISHED THROUGH A PARTNERSHIP BETWEEN THE MASTER PREPARATORY ACADEMY, OHIO STATE UNIVERSITY'S COLLEGE OF EDUCATION AND HUMAN ECOLOGY, COLLEGE OF ENGINEERING, AND THE TODD BELL NATIONAL RESOURCE CENTER ON THE AFRICAN AMERICAN MALE.Expenses $469,615
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Check at the IRS |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2651490
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $338,814
- Income (IRS master file)
- $704,208
Revocation and reinstatement
- Exemption revoked
- November 15, 2013
- Posted by the IRS
- March 10, 2014
- Reinstated
- Effective January 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $704,208 | $485,973 | $338,814 | XML |
| 990 | June 2024 | $312,523 | $300,979 | $40,337 | XML |
| 990 | June 2023 | $110,206 | $92,809 | $28,793 | XML |
| 990 | June 2022 | $110,206 | $92,809 | $28,793 | IRS |
| 990 | June 2021 | $123,819 | $153,674 | $11,396 | IRS |
| 990-N for 2019 Officer: Dr Robert L Murphy | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Dr Robert L Murphy | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2651490).
Questions about MASTERS PREPARATORY ACADEMY
- What is the EIN of MASTERS PREPARATORY ACADEMY?
- The employer identification number (EIN) of MASTERS PREPARATORY ACADEMY is 45-2651490.
- Is MASTERS PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2013 and reinstated it effective January 15, 2015.
- Are donations to MASTERS PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTERS PREPARATORY ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASTERS PREPARATORY ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTERS PREPARATORY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MASTERS PREPARATORY ACADEMY?
- The 990 for the year ended December 31, 2024 names ROBERT MURPHY.
- Who are the officers and directors of MASTERS PREPARATORY ACADEMY?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $13,750 (ROBERT MURPHY, FOUNDER / CE).
- How much revenue does MASTERS PREPARATORY ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $704,208, expenses of $485,973 and total assets of $338,814 at year end.
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