FINANCES

"Not slothful in business;..." Romans 12:1la

The expense for a total year's enrollment is $14,400.00. This covers Room, Board, Tuition, PACEs, Laundry, and Recreation Fee. This does not cover the student incidental expense account, medical escrow, computer lab fees, or other expenses incurred by the student.

There is a $250.00 Parent Orientation Fee to be paid to Mountain Park Baptist Church upon arrival to the campus. If the student is enrolled, this fee will be applied toward the first month's tuition.

PLANS OF PAYMENT

PLAN A: Payment in full on or before enrollment....Calendar Year             $ 14,400.00

PLAN B: Payment for a total year's enrollment on a monthly

                 basis of twelve equal installments '                                                   $   1,200.00

The actual payment obligation for first year student tuition is as follows: 1st month - $2,000; 2nd month • $2,000; 3rd month - $1,900; 4th month - $1,600; 5th - $1,300; 6th month - $1,200; 7th month - $1,000; 8th month " $900; 9th month - $800; 10th month - $700; 11th month - $600; 12th month - $400. Upon request, as a convenience to the parent of a first year student, MPBBA will allow the 1st year tuition to be paid in 12 equal monthly installments of $1,200.00 each.

Tuition payment is due upon the anniversary date of enrollment each month. Statements are not sent. Mountain Park is to receive one check each month in fall if paying monthly installments. Do not divide tuition payments between parents or paydays. Coordination for sharing the expenses within a family is to be accomplished at your end of the business not at ours.

Financial business with Mountain Park and personal communication with your child is to be kept separate. Money sent should be in a separate envelope, not in packages or letters to the student.

Avoid tardy payments. Mountain Park's budget depends on your prompt payment. Staff time is better invested in your child rather than in tuition collections. Your courteous call, should you anticipate a late payment, is expected and will be much appreciated.

The parent must provide personal items, clothing, and health insurance separately. These items are not included in the cost.

Money sent to Mountain Park Baptist Church and Boarding Academy for services rendered is not tax deductible.

 

EXTRA CHARGES DUE ON OR BEFORE ENROLLMENT

Medical Escrow                                                             $ 500.00

Suit Cost (Female students only)                               $ 240.00

Registration Fee (One time fee)                                   $ 90.00

 

INCIDENTAL EXPENSES (Estimated)                                       

Parent Education (Tape of the Month) (ANNUAL FEE)                            $  25.00

Incidental Expense Account (Accrued student expenses per year)          $ 300.00 girls     $ 500.00 boys

Computer Lab Fees (dictated by cost of specific course)                                varies

PLAN Test (prep for ACT/ 10th and 11th grades)                                        $   8.00

A.C.T. College Test (12th grade only)                                                          $  25.00

Additional expenses that may be anticipated for graduating seniors         $1,500.00

(Portraits, class ring, announcements, senior trip, graduation dress, etc.)

 

Applicants are only admitted on the express condition that they shall remain at the school until the end of the written agreement, unless suspended or allowed to withdraw because of sustained illness. The parent or guardian agrees that in the event the student leaves school because of voluntary withdrawal (voluntary withdrawal includes situations where a parent is asked to remove a student because of the parent's unwillingness to support all MPBBA policies) on parent's or guardian's part during the written term or any subsequent academic session, no part of the fee for the school year shall be refunded or remitted and ANY UNPAID BALANCE ON ACCOUNT OF SUCH FEES FOR THE SCHOOL YEAR SHALL BECOME IMMEDIATELY DUE AND PAYABLE TO THE SCHOOL AS LIQUIDATED DAMAGE. SCHOOL RECORDS WILL BE WITHHELD UNTIL THIS CONTRACT IS SATISFIED. THERE ARE NO ALLOWANCES FOR PARTIAL MONTH ENROLLMENT.

 

MPBBA does not give money back. We reserve the right to use the money any way we deem necessary. An exception in the finance policy for one is NOT meant as an exception in the finance policy for anyone else.

 

Medical Escrow

The $500.00 medical escrow provides preparation against possible medical expenses. Medical needs will be met from this account (appointments, prescriptions, etc.). It is expected that this account be maintained at $500.00. The balance of this account may be returned upon withdrawal as long as all medical and other obligations are met. Allow at least thirty days to pass after withdrawal before requesting the balance.

 

Parent Education (Tape of the Month)

The tape of the month will be sent to the parents or custodial parent each month. A cassette tape recording of one of the preaching services of Mountain Park Baptist Church will usually be selected. The purpose of this is to provide the home with biblical instruction from the ministry of this church. Parents are expected to listen to the tape every month. Divorced parents are expected to share or reproduce a copy so that both may receive the instruction.

 Incidental Expense Account

The Incidental Expense Account provides for incidental items such as dry cleaning, eyeglass repair, fuel expense to doctor visits, etc.... You may check on this account at any time to ensure that sufficient funds are available. It is important that you do not allow this account to become overdrawn.

 Expenses For Graduating Seniors

Specific information regarding these expenses will be provided upon request. See Appendix D.

Giving

Occasionally the opportunity to give to a ministry will be presented to the students, allowing them to feel a part of helping others in financing God's work. The normal contribution will not exceed $1.00. Parents who wish to give financially through the ministry of MPBC may contact Pastor Wills or Pastor Gerhardt.

Educational Loans

The following educational loan institutions have approved the financing to cover the cost of enrolling and maintaining a student at Mountain Park Baptist Academy. Of course this is subject to credit approval. Persons interested in considering this option should contact these companies.

P.L.A.T.O. Junior, 1-888-752-8657 ext 110,, Mountain Park's ID # "163956"

SLM Financial Co. (SallieMae), 1-877-834-9851, www.saUiemae.com/kl21oan- Mountain Park's ID # "4174"

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              Those who are paying under Tuition Plan B, may write three checks as follows:

            MPB Church, $1,290;   MP Med Escrow, $500.;  MP Academy (girls-$540./boys-$500.)       

            $1,200 each month beginning  _____/_____/_____

 

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Survivor Comments

Here we have a financial picture for the school year. Wow. $14,400 per student, per year, that’s a lot. It must go to afford a wonderful program and excellent facilities, right? Wrong.

 

Let’s take a look at what your hard-earned money is going to pay for:

 

Wills Home #1 water-front property in Ft. Myers, Florida

 

 

Wills Home #2 Another water-front home in Ft. Myers, Florida

 

 

Gerhardt Home And yet a third water-front home in Ft. Myers, Florida

 

Yes, the Wills and Gerhardt’s have nice homes, and if they have earned it, good for them. But have they? Where has the money come from that they use for these luxuries, which many of the parents who entrust them with their children cannot afford themselves? Are Mountain Park and Palm Lane Academies really non-profit as they claim?

 

In 1995 Mountain Park lost their tax-exempt status after they had built two new homes on their property valued at $130,000 and $90,000 each. The Wayne County Tax Assessor said that they were obviously turning over a tidy profit to be able to build such nice homes. When compelled to show proof of their revenue, Mountain Park refused, and only paid their late property taxes after the murder of Will Futrelle, when the press had already shown them in a bad light.

 

Let’s look at the private plane owned by the Wills, the vans bought for staff members, the almost $5000 shoe inserts bought for Mrs. Wills because of the high-heels she has worn and forced the young women to wear for years. The quality of life for students and the quality of the staff hired could be so much better than it is. But other things seem to be more important. How much do the Wills and Gerhardt’s seem ready to invest on themselves compared to the amount of the parents’ money actually goes into their children’s education?

  

Allow us to point out the greed of Mountain Park. The students are crammed into dorms until there are not enough beds available. In the illustration at left, you can see the bunks are stacked on top of each other. At night, the double staked mattress is taken off the bed and placed on the floor for another student to sleep. Is this really necessary? If you are paying the same amount of tuition as the parent of a child who gets to sleep on a bed, are you not to expect for your child to get a bed as well?

 

The line that offends many of us in this paper is “MPBBA does not give money back. We reserve the right to use the money any way we deem necessary.” What makes paying a bill a donation? As I previously stated in other parts of this site, giving for the Lord’s work is supposed to be a conscious decision made on the part of a believer. It is not like paying for services rendered. If you are paying for a child’s tuition, or sending money for the child’s expense account, it is to go toward that child, and should not be considered a donation unless previously stated as such.

 

In 1998, during a lawsuit brought against Mountain Park for the wrongful death of Will Futrelle, Bob Wills attempted to file bankruptcy and was granted a stay in the case. Soon after, he stopped the bankruptcy proceedings. Conveniently, all of the land holdings of the Wills family, including their lavish homes in South Florida and the entire academy of Palm Lane, are in the name of Betty Wills alone, so if Bob Wills himself ever had to actually go through with the bankruptcy, they would not lose anything substantial. As the founders and owners of Mountain Park and Palm Lane, how can Bob and Betty Wills claim to afford such luxuries as two half-million-dollar homes, a private plane, a 30 ft. private boat, numerous personal vehicles including an RV for vacations and excursions, as well as an entire school and church (as Mountain Park itself is supposedly owned by Mountain Park Baptist Church), if they can file bankruptcy on a whim seemingly to avoid paying large sums in a lawsuit? If they are not the owners, but only the administrators, common laborers in the work of the Lord, then where do the large sums of money come from that afford them this lifestyle?

 

Average enrollment according to most former students is well above the advertised space. Approximately 200+  girls and 35 boys is the normal count. From those figures, if we add up the tuition received each year by Mountain Park, the total comes to $ 3,384,000. Add the student count from Palm Lane, roughly 50 students, for another $720,000. That comes to a total income from tuition alone of $4,104,000!!! Over $4 million dollars a year from tuition!! Not to mention the fact that the students are paraded in front of churches across this part of the country to gain sympathy for the school and earn monthly donations by the thousands. Nobody knows for sure how much money they bring in from these churches, but the number must grow steadily as they make more and more trips out with their choir to sing and cry and give rehearsed testimony on cue.