Mercy Prepratory Academy

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 87%; rating input score 87
• Program expense ratio: 87%; rating input score 87
• Fundraising efficiency: $320.41 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
• Governance controls: 0 of 9 controls in place; rating input score 0
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Limited
  • Other executive compensation review process: Limited
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Fail
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -0%; rating input score 35; 35th percentile among comparable filings
• Total-asset coverage ratio: 0.4; rating input score 19; 19th percentile among comparable filings
• Liabilities to assets ratio: 1.21; rating input score 4; 4th percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: 101.3% per year; rating input score 100; 99th percentile among comparable filings
• Revenue growth: 74.9% per year; rating input score 100; 98th percentile among comparable filings
• Asset growth: 71.6% per year; rating input score 100; 98th percentile among comparable filings