2017-02-14T15:12:19-05:00 2016-05-31 591850025 GREGORY SHARER & STUART PA 100 2ND AVE SOUTH STE 600 SAINT PETERSBURG FL 337014336 990 2015-06-01 593377240 ACADEMY PREP FOUNDATION INC ACAD 7273220800 PO BOX 530512 ST PETERSBURG FL 337470512 JAMES HUMBOLDT CFO 7273220800 2017-02-14 true BYRON C SMITH CPA P00744293 7278216161 2017-02-14 2015 2021-01-29 14:40:06Z JAMES HUMBOLDT PO BOX 530512 ST PETERSBURG FL 337470512 2288963 false X WWW.ACADEMYPREP.ORG X 1996 FL 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. 7 7 3 -167 -167 1564545 835200 0 470300 133214 101 -167 2034946 968247 134950 170000 0 66513 68651 0 384 311458 369097 512921 607748 1522025 360499 9760520 9922686 298457 300838 9462063 9621848 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. false false 430377 170000 FOUNDATION PROVIDES SERVICES RELATED TO THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS TO EDUCATIONAL FACILITIES ALONG WITH OTHER ADMINISTRATIVE ASSISTANCE. FOUNDATION COORDINATES FUND RAISING ACTIVITIES AND HOLDS INVESTMENTS, INCLUDING FUNDS THE BOARD DESIGNATED FOR THE SUPPORT OF ACADEMY PREP CENTER OF TAMPA AND ACADEMY PREP CENTER OF ST. PETERSBURG ("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. 430377 true true false false false false false false false true true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true X 0 0 3 true false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false FL X X JAMES HUMBOLDT 7273220800 2301 - 22ND AVENUE S ST PETERSBURG FL 33712 JEFF FORTUNE TRUSTEE 5.00 0.00 X 0 0 0 LINDA MARCELLI TRUSTEE 5.00 2.00 X 0 0 0 OSCAR HORTON TREASURER 5.00 0.00 X 0 0 0 CHUCK STAMEY TRUSTEE 5.00 0.00 X 0 0 0 TOM SANSONE CHAIRMAN 5.00 2.00 X 0 0 0 PAUL L WHITING SR TRUSTEE 5.00 7.00 X 0 0 0 JOHN ERIK SAVITSKY TRUSTEE 5.00 2.00 X 0 0 0 LINCOLN TAMAYO VICE PRESIDE 5.00 35.00 X 28923 160393 14694 JAMES HUMBOLDT CFO 30.00 10.00 X 77736 0 8947 106659 160393 23641 false true false 475000 360200 835200 209479 209479 1244451 1320716 -76265 -76265 -76265 K-1 ORDINARY LOSS 900099 -167 -167 -167 968247 -167 133214 170000 170000 38751 38751 18058 18058 386 386 11456 11456 13250 13250 29567 29567 55000 55000 1075 1075 9444 9444 208495 208495 PERSONNEL COSTS 51882 51882 MISCELLANEOUS 384 384 607748 430377 176987 384 295732 676816 542860 511359 6863143 2620629 4451009 4242514 4470919 4491997 9760520 9922686 6864 8433 250000 250000 41593 42405 298457 300838 X 5633250 6023744 583654 411273 3245159 3186831 9462063 9621848 9760520 9922686 360499 -168880 -31834 X false true X true false X X 2 ACADEMY PREP CENTER OF TAMPA INC 593622978 2 true 0 188266 ACADEMY PREP CENTER OF ST PETERSBURG INC 593623000 2 true 170000 164441 2 170000 352707 true false false false false false false false false false false false false false false true true false X true true PART IV, SECTION E, LINE 2A THE FOUNDATION IS A SUPPORTING ORGANIZATION WHICH IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ONE OR MORE PUBLICALLY SUPPORTED ORGANIZATIONS. THE FOUNDATION SUPPORTS TWO SCHOOLS, ACADEMY PREP CENTER OF TAMPA, INC. (EIN 59-3622978) AND ACADEMY PREP CENTER OF ST. PETERSBURG, INC. (EIN 59- 3623000). AN EVALUATION OF THE PUBLIC SUPPORT OF THE SCHOOLS SHOWS BOTH ORGANIZATIONS RECEIVE OVER 33.33% OF THEIR SUPPORT FROM THE PUBLIC. THE FOUNDATION'S ENDOWMENT FUNDS ARE FUNDS RESTRICTED OR DESIGNATED FOR GRADUATE SUPPORT PROGRAMS OF THE SCHOOLS AND OPERATING COSTS INCURRED BY THE SCHOOLS RELATED TO THE OPERATION OF THEIR MULTIFACETED LEARNING CENTERS. THE ENDOWMENTS CONSIST OF MONEY MARKET FUNDS, CORPORATE DEBT AND EQUITY SECURITIES, GOVERNMENTAL BONDS AND DEBT AND EQUITY FUNDS. INCOME EARNED FROM THE ENDOWMENTS IS AVAILABLE FOR GENERAL OR SPECIFIC PURPOSES. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART IV, SECTION E, LINE 2B THE FOUNDATION IS A FUNDING SOURCE FOR THE SCHOOLS AND OWNS THE LAND AND IMPROVEMENTS THAT HOUSE THE EDUCATIONAL FACILITIES FOR THE SCHOOLS. THE FOUNDATION IS IN A POSITION OF INFLUENCE TO THE SCHOOLS, POTENTIALLY RESULTING IN OUTCOMES THAT COULD BE SIGNIFICANTLY DIFFERENT IF THESE ENTITIES WERE ANONYMOUS. THE FOUNDATION'S INVESTMENTS AND SUPPORT ARE IMPORTANT FOR THE FUTURE OF THE SCHOOLS, HOWEVER IF THE FOUNDATION DID NOT EXIST THE SCHOOLS WOULD CARRY ON WITH THESE INVESTMENT ACTIVITIES INDIVIDUALLY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4687095 532700 -64527 170750 4984518 3743996 1227657 128063 134700 277921 4687095 3119917 589294 442378 339455 3743996 2646590 595579 433360 555612 3119917 3108921 104500 -109684 457147 2646590 0.40080 0.56620 0.03300 true false 639404 639404 6214430 2611320 3603110 9309 9309 4242514 DUE TO AFFILIATE 42405 42405 563791 -168880 300825 167 132112 431679 29567 507001 536568 968247 879006 300825 300825 578181 29567 29567 607748 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS ARE FUNDS RESTRICTED OR DESIGNATED FOR GRADUATE SUPPORT PROGRAMS OF THE SCHOOLS AND OPERATING COSTS INCURRED BY THE SCHOOLS RELATED TO THE OPERATION OF THEIR MULTIFACETED LEARNING CENTERS. THE ENDOWMENTS CONSIST OF MONEY MARKET FUNDS, CORPORATE DEBT AND EQUITY SECURITIES, GOVERNMENTAL BONDS AND DEBT AND EQUITY FUNDS. INCOME EARNED FROM THE ENDOWMENTS IS AVAILABLE FOR GENERAL OR SPECIFIC PURPOSES. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THESE AMOUNTS ARE REPORTED ON THIS RETURN AND ON THE INDIVIDUAL SCHOOL'S RETURNS. SCHEDULE D, PAGE 4, PART XI, LINE 2D K-1 LOSS 167 SCHEDULE D, PAGE 4, PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 32,001 GRANT FROM ACADEMY PREP TAMPA 250,000 GRANT FROM ACADEMY PREP ST. PETE 225,000 true ACADEMY PREP CTR OF ST PETERSBURG PO BOX 530512 ST PETERSBURG FL 33712 593623000 3 130000 GRADUATE SUPPORT ACADEMY PREP CTR OF ST PETERSBURG PO BOX 530512 ST PETERSBURG FL 33712 593623000 3 40000 OPERATING EXPENSES 1 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS ARE SUPPLIED TO RELATED ORGANIZATIONS FOR SUPPORT. false false false false false false false false false LINCOLN TAMAYO VICE PRESIDENT 28923 160393 1377 13317 30300 173710 SCHEDULE J, PAGE 1, PART I, LINE 3 COMPENSATION OF THE HEAD OF SCHOOLS IS APPROVED BY THE BOARD AND/OR ITS COMPENSATION COMMITTEE. FORM 990, PART V THE ORGANIZATION LEASES ALL ITS PERSONNEL FROM A PAYROLL LEASING COMPANY AND THEREFORE NO W-3/W-2S WERE ISSUED UNDER ITS FEIN. LEASED PERSONNEL COSTS WERE BROKEN DOWN TO COMPONENT SALARIES, PAYROLL TAXES, BENEFITS, ETC AND REPORTED ON APPROPRIATE SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND REPORTS TO THE BOARD. A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C TRUSTEES ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AND ENFORCES THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES ALL COMPENSATION AND HIRING. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES ALL COMPENSATION AND HIRING. FORM 990, PAGE 6, PART VI, LINE 19 PRINTED GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 K-1 LOSS 167 CHANGE IN VALUE OF BENEFICIAL INTEREST -32,001 TOTAL -31,834 ACADEMY PREP CENTER OF TAMPA INC PO BOX 530512 ST PETERSBURG FL 33747 593622978 EDUCATION FL 501C3 2 N/A false ACADEMY PREP CENTER OF STPETERSBURG PO BOX 530512 ST PETERSBURG FL 33747 593623000 EDUCATION FL 501C3 2 N/A false false true true true true false false false false true false false false true true false false false false ACADEMY PREP CENTER OF STPETERSBURG B 170000 CASH ACADEMY PREP CENTER OF TAMPA C 250000 CASH ACADEMY PREP CENTER OF STPETERSBURG C 225000 CASH ACADEMY PREP CENTER OF TAMPA D 45545 CASH ACADEMY PREP CENTER OF STPETERSBURG E 4140 CASH ACADEMY PREP CENTER OF TAMPA J 168567 FAIR MARKET VALUE ACADEMY PREP CENTER OF STPETERSBURG J 132258 FAIR MARKET VALUE ACADEMY PREP CENTER OF TAMPA N SHARING OF FACILITIES ACADEMY PREP CENTER OF STPETERSBURG N SHARING OF FACILITIES ACADEMY PREP CENTER OF TAMPA O 19699 ACTUAL EXPENSE ACADEMY PREP CENTER OF STPETERSBURG O 33471 ACTUAL EXPENSE SCHEDULE R SCHEDULE R, PART V, LINE 1N - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES EQUIPMENT AND OTHER ASSETS WITH ACADEMY PREP CENTER OF TAMPA, INC. AND ACADEMY PREP CENTER OF ST. PETERSBURG, INC. NONE OF THE ORGANIZATIONS ASSIGN A VALUE TO THESE TRANSACTIONS. SCHEDULE R, PART V, LINE 1O - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES PAID EMPLOYEES WITH ACADEMY PREP CENTER OF TAMPA, INC. AND ACADEMY PREP CENTER OF ST. PETERSBURG, INC.