EIN 59-3377240

Academy Prep Foundation

IRS 501(c) type
501(c)(3)
Num. employees
6
State
Year formed
1996
Most recent tax filings
2023-05-01
NTEE code, primary
Description
Offer assistance and support to Academy Prep centers toward their mission to promote the educational, social and ethical development of middle school students through a rigorous academic program.
Total revenues
$5,822,433
2023
Total expenses
$1,235,952
2023
Total assets
$37,885,881
2023
Num. employees
6
2023

Program areas at Academy Prep Foundation

Foundation provides services related to the development and enhancement of educational programs to educational facilities along with other administrative assistance. Foundation coordinates fundraising activities and holds investments, including funds the board designated for the support of Academy Prep center of tampa, Academy Prep center of st. petersburg and Academy Prep center of lakeland ("the schools"). The Foundation owns the land and improvements that house the educational facilities for the schools. The schools are scholarship supported middle schools for inner city children which also provide summer and evening classes for student enhancement and education.

Grants made by Academy Prep Foundation

GranteeGrant descriptionAmount
Academy Prep Center of TampaOperating Expenses, Rent and Graduate Support$265,317
Academy Prep Center of St PetersburgOperating Expenses, Rent and Graduate Support$166,940
Academy Prep Center of LakelandOperating Expenses, Rent and Graduate Support$44,683

Who funds Academy Prep Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
George Jenkins FoundationFor Academy Prep of Lakeland Operations$550,000
Lifess RequiteGeneral Support$400,000
Community Foundation of Tampa Bay (CFTB)Support of Mission$58,295
...and 5 more grants received

Personnel at Academy Prep Foundation

NameTitleCompensation
Lincoln TamayoChief Operating Officer$127,129
Terri ScarcelliChief Financial Officer$95,652
Tom SansoneChair$0
Paul L WhitingTreasurer$0
John Erik SavitskySecretary$0
...and 3 more key personnel

Financials for Academy Prep Foundation

RevenuesFYE 05/2023
Total grants, contributions, etc.$669,042
Program services$0
Investment income and dividends$521,287
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,632,104
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,822,433

Form 990s for Academy Prep Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-052023-12-15990View PDF
2022-052023-02-06990View PDF
2021-052022-03-28990View PDF
2020-052021-04-19990View PDF
2019-052020-09-16990View PDF
...and 9 more Form 990s
Data update history
February 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 4, 2024
Updated personnel
Identified 2 new personnel
February 3, 2024
Used new vendors
Identified 1 new vendor, including
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Sonia Raymund Foundation
August 19, 2023
Received grants
Identified 7 new grant, including a grant for $550,000 from George Jenkins Foundation
Nonprofit Types
SchoolsK-12 schoolsEducational service providersCharities
Issues
Education
Characteristics
Provides grantsReceives government fundingEndowed supportTax deductible donations
General information
Address
1021 Lakeland Hills Blvd
Lakeland, FL 33805
Metro area
Lakeland-Winter Haven, FL
County
Polk County, FL
Website URL
academyprep.org/ 
Phone
(727) 322-0800
IRS details
EIN
59-3377240
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
Free account sign-up

Want updates when Academy Prep Foundation has new information, or want to find more organizations like Academy Prep Foundation?

Create free Cause IQ account