Nonprofit · EIN 84-3183734
MERCY PREPARATORY ACADEMY
Tax-exempt · WAXAHACHIE, TX 75165
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $745,112 | $745,125 | -$13 | $301,493 | $365,032 | -$63,539 |
| June 30, 2025 | 990-EZ | $0 | $435 | -$435 | $1,696 | – | $32,820 |
| June 30, 2024 | 990-EZ (amended) | $199,906 | $270,314 | -$70,408 | $212,884 | $250,037 | -$37,153 |
| December 31, 2023 | 990 | $319,962 | $287,013 | $32,949 | $180,061 | $146,806 | $33,255 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $72,733
- Program service revenue
- $672,379
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $474,005
- Salaries, compensation and benefits (total)
- $533,248
- Professional fundraising fees
- $0
- Legal fees
- $128
- Accounting fees
- $3,190
- Occupancy
- $53,856
- Travel
- $507
- Depreciation
- $1,600
- Program services (functional)
- $648,247
- Management and general (functional)
- $96,651
- Fundraising (functional)
- $227
Balance sheet and other
- Total assets, start of year
- $211,945
- Total assets, end of year
- $301,493
- Total liabilities, end of year
- $365,032
- Net assets, end of year
- -$63,539
- Land, buildings and equipment
- $7,467
- Net assets without donor restrictions
- -$63,539
- Gross receipts
- $745,112
- Employees
- 27
- Volunteers
- 25
- State of legal domicile
- TX
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA PHILLIPS | FOUNDER Trustee or director | 55 | $25,000 |
| CARY PHILLIPS | ADMINISTRATOR Trustee or director | 10 | $0 |
| SEAN LEE | Board Member Trustee or director | 10 | $0 |
990-EZ for the year ended June 30, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA PHILLIPS | FOUNDER | 55 | $0 |
| CARY PHILLIPS | ADMINISTRATOR | 10 | $0 |
| SEAN LEE | Board Member | 10 | $0 |
990-EZ for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA PHILLIPS | FOUNDER | 55 | $0 |
| CARY PHILLIPS | ADMINISTRATOR | 10 | $0 |
| SEAN LEE | Board Member | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA PHILLIPS | FOUNDER Trustee or director | 20 | $20,833 |
| CARY PHILLIPS | ADMINISTRATOR Trustee or director | 10 | $0 |
| SEAN LEE | Board Member Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1281 BOYCE RD, WAXAHACHIE, TX 75165-9160
- In care of
- % ERICA PHILLIPS
- Signed the 990
- ERICA PHILLIPS, FOUNDER & ADMINISTRA
- Phone
- (817) 917-6090
- Website
- https://mercyprep.org/
- Return prepared by
- REIFF MARTIN CPA & BUS ADV SRVC PLLC
Mission
Mercy Preparatory Academy partners with parents to cultivate future leaders by giving students a well-rounded experience of faith, family, education, and service in a non-denominational setting.We are committed to supporting families in their quest to impart a multicultural biblical worldview to their students to create strong Christian leaders who are able to love God, love others and serve joyfully. Our main focus is to not only prepare students for their academic future, but to focus on preparing them for their calling from God.
Program accomplishments
- 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.Expenses $648,247
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-3183734
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $301,493
- Income (IRS master file)
- $745,112
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $745,112 | $745,125 | $301,493 | IRS |
| 990-EZ | June 2025 | $0 | $435 | $1,696 | XML |
| 990-EZ | June 2024 | $199,906 | $270,314 | $212,884 | XML |
| 990 | December 2023 | $319,962 | $287,013 | $180,061 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
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 84-3183734).
Questions about MERCY PREPARATORY ACADEMY
- What is the EIN of MERCY PREPARATORY ACADEMY?
- The employer identification number (EIN) of MERCY PREPARATORY ACADEMY is 84-3183734.
- Is MERCY PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MERCY PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MERCY 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 MERCY 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 MERCY PREPARATORY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of MERCY PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $25,000 (ERICA PHILLIPS, FOUNDER).
- How much revenue does MERCY PREPARATORY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $745,112, expenses of $745,125 and total assets of $301,493 at year end.
Other nonprofits in WAXAHACHIE
- WAXAHACHIE PREPARATORY ACADEMY MINISTRIES EIN 75-2930870 · last filed 990 for 2025
- EDUCATION FOUNDATION FOR WAXAHACHIE INDEPENDENT SCHOOL DISTRICT EIN 75-2804872 · last filed 990 for 2025
- RBI CLUB EIN 47-0948995 · last filed 990-EZ for 2025
- CHEROKEE CHARMERS BOOSTER CLUB EIN 75-2922360 · last filed 990-EZ for 2025
- FAMILY EDUCATION DAYS EIN 85-2858687 · last filed 990-EZ for 2025
- PATRICK SULLIVAN MEMORIAL SCHOLARSHIP EIN 33-3521258 · last filed 990-EZ for 2025
- PARENT BOOSTER USA INC EIN 92-1710056 · last filed 990-EZ for 2025
- JUNIOR LIDE FAMILY FOUNDATION EIN 26-3673897 · last filed 990-PF for 2025