Maryvale Preparatory Academy

Also known as Co Great Hearts Academies

Phoenix, AZ · EIN 27-3289377 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Maryvale Preparatory Academy reported $16.5 million in revenue and $15.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.47 went to program services, $12.52 to management and general costs and $0.01 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.2% of the total. Government grants made up 10.5%. The highest compensation it reported for one person was $155,225 (HEADMASTER). Revenue rose 129% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16M

Program services$87.47 $14M
Management & general$12.52 $2.0M
Fundraising$0.01 $1,867

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $16M

Contributions & grants (non-government)$14.38 $2.4M
Government grants$10.55 $1.7M
Program service revenue$72.17 $12M
Investment income$0.26 $43,746
Other revenue$2.64 $435K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	87.5%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	12.5%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	24.9%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	10.5%	1.1%
Program service revenue share Part VIII 2g ÷ 12	72.2%	69.9%
Highest reported compensation Part VII-A, columns D–F	$155,225	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.99%	1.28%
People paid over $100,000 Part VII, line 2	Not reported	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	2.5	13.3
Independent voting board members Part VI 1a–1b	4 of 4	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$14M expenses · 100.0% of program spending · revenue $12M

A Maryvale Preparatory Academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
HEADMASTER Officer, 40.00 hrs/week	$0	$133,835	$21,390	$155,225
HEADMASTER Officer, 40.00 hrs/week	$0	$106,676	$7,841	$114,517

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$16M	$16M	87.5%	$3.3M	$155,225
FY2024 ⓘ	$15M	$14M	86.2%	$2.4M	$138,336
FY2023 ⓘ	$14M	$13M	84.9%	$1.7M	$120,244
FY2022 ⓘ	$10M	$10M	86.3%	$650K	$125,448
FY2021 ⓘ	$9.4M	$8.6M	85.7%	$501K	$120,452
FY2020 ⓘ	$7.2M	$7.1M	83.0%	−$275K	$118,879

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50
Volunteers Part I, line 6170

Private foundation grants it received

4 private foundations reported grants to Maryvale Preparatory Academy totaling $1.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Maryvale Preparatory Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Maryvale Preparatory Academy, you can publish a response that is linked from this page.

Report a correction Respond as Maryvale Preparatory Academy How this works

Similar-sized charities in this cause

Norfolk Collegiate School
Norfolk, VA · revenue $16M · programs 82.8% · FY2025
The Aquinas Institute of Rochester
Rochester, NY · revenue $17M · programs 80.1% · FY2025
Seed Global Health
Boston, MA · revenue $16M · programs 79.7% · FY2025
Torah Academy of Bergen County
Teaneck, NJ · revenue $17M · programs 80.4% · FY2025
Stephen F Austin State University Foundation
Nacogdoches, TX · revenue $16M · programs 5.4% · 2024

All education charities · Largest charities in Arizona

Questions people ask

How much of Maryvale Preparatory Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Maryvale Preparatory Academy reported that 87.5% of its $15.6 million in expenses went to program services, 12.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Maryvale Preparatory Academy pay its top executive?

The largest total compensation Maryvale Preparatory Academy reported for one person in the fiscal year ending June 30, 2025 was $155,225, for the role of HEADMASTER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Maryvale Preparatory Academy get its money?

Of $16.5 million in revenue in the fiscal year ending June 30, 2025, 24.9% came from contributions and grants (including 10.5% from government grants) and 72.2% from program service revenue (Form 990, Part VIII).

Is Maryvale Preparatory Academy a registered charity?

The IRS lists EIN 27-3289377 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202610729349300501 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531289349303503 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349312495 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321309349303387 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349313544 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101369349300120 · read the filing

All filings for EIN 27-3289377: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.