What is Mrasp?
Established in 1980, The Mason-Rice Afterschool Program (MRASP) operates as a private, non-profit, parent cooperative. It is committed to fostering a safe and nurturing environment for students from kindergarten through fifth grade. MRASP's core mission revolves around delivering exceptional out-of-school time programming, working in close collaboration with families and school staff to ensure comprehensive child development. The program offers services on-site with professional staff, extending from 12:20 PM to 6 PM on Wednesdays and 2:50 PM to 6 PM on other weekdays. Additionally, MRASP provides full-day programs during school vacation weeks, demonstrating its flexibility and dedication to supporting working families. The organization prides itself on its inclusivity, ensuring no discrimination based on race, religion, or other identities.
How much funding has Mrasp raised?
Mrasp has raised a total of $103K across 1 funding round:
Debt
$103K
Debt (2021): $103K with participation from PPP
Key Investors in Mrasp
PPP
Public-Private Partnership
What's next for Mrasp?
With a substantial capital infusion indicated by its large-scale late-stage funding context, Mrasp is poised for strategic expansion and enhanced service delivery. The recent major strategic investment suggests a strong validation of the organization's operational model and its impact on the community. This backing will likely fuel initiatives aimed at broadening program reach, potentially increasing capacity, or developing new educational modules to further support K-5 students. The focus on debt financing may indicate a strategy to leverage capital efficiently while maintaining ownership structure, positioning Mrasp for sustained operational excellence and continued community impact in the youth development sector.
See full Mrasp company page
