ACADEMY PREP FOUNDATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ACADEMY PREP FOUNDATION INC (EIN 59-3377240)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-03-07
- IRS object ID
- 201620679349300227
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-03-07T13:41:09-06:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 591850025 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY SHARER & STUART PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 2ND AVE SOUTH STE 600 | AddressLine1Txt |
| City | SAINT PETERSBURG | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 593377240 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACADEMY PREP FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACAD | BusinessNameControlTxt |
| Phone | 7273220800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 530512 | AddressLine1Txt |
| City | ST PETERSBURG | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 337470512 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES HUMBOLDT | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7273220800 | PhoneNum |
| Signature | 2016-03-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BYRON C SMITH CPA | PreparerPersonNm |
| PTIN | P00744293 | PTIN |
| Phone | 7278216161 | PhoneNum |
| Preparation | 2016-03-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES HUMBOLDT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 530512 | AddressLine1Txt |
| City | ST PETERSBURG | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 337470512 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,355,060 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ACADEMYPREP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Gross UBI | $101 | TotalGrossUBIAmt |
| PY Contributions Grants | $382,364 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,564,545 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $334,259 | PYInvestmentIncomeAmt |
| CY Investment Income | $470,300 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,973 | PYOtherRevenueAmt |
| CY Other Revenue | $101 | CYOtherRevenueAmt |
| PY Total Revenue | $718,596 | PYTotalRevenueAmt |
| CY Total Revenue | $2,034,946 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $158,249 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $134,950 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $66,885 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $66,513 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $300 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $246,303 | PYOtherExpensesAmt |
| CY Other Expenses | $311,458 | CYOtherExpensesAmt |
| PY Total Expenses | $471,437 | PYTotalExpensesAmt |
| CY Total Expenses | $512,921 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $247,159 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,522,025 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,576,508 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,760,520 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $323,417 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $298,457 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,253,091 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,462,063 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $395,790 | ExpenseAmt |
| Grant | $134,950 | GrantAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $395,790 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES HUMBOLDT | PersonNm |
| Phone | 7273220800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2301 - 22ND AVENUE S | AddressLine1Txt |
| City | ST PETERSBURG | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33712 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| JEFF FORTUNE | |||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LINDA MARCELLI | |||||||
| TRUSTEE | 5.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE KNOPIK | |||||||
| TREASURER | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TOM SANSONE | |||||||
| CHAIRMAN | 5.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL L WHITING SR | |||||||
| TRUSTEE | 5.00 | 7.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN ERIK SAVITSKY | |||||||
| TRUSTEE | 5.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LINCOLN TAMAYO | |||||||
| VICE PRESIDE | 5.00 | 35.00 | $27,175 | $158,226 | $13,257 | Yes (X) | |
| JAMES HUMBOLDT | |||||||
| CFO | 30.00 | 10.00 | $75,808 | $0 | $8,703 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $102,983 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $158,226 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $21,960 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,564,545 | AllOtherContributionsAmt |
| Total Contributions | $1,564,545 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $165,216 | TotalRevenueColumnAmt |
| Exclusion | $165,216 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,616,660 | SecuritiesAmt |
| Other | $8,538 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,315,864 | SecuritiesAmt |
| Other | $4,250 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $300,796 | SecuritiesAmt |
| Other | $4,288 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $305,084 | TotalRevenueColumnAmt |
| Exclusion | $305,084 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| K-1 ORDINARY GAIN ADJ | 900099 | $552 | $552 |
| K-1 ORDINARY LOSS | 900099 | -$451 | -$451 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $101 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,034,946 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $101 | UnrelatedBusinessRevenueAmt |
| Exclusion | $470,300 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,950 | TotalAmt |
| Program Services | $134,950 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,735 | TotalAmt |
| Management And General | $35,735 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,551 | TotalAmt |
| Management And General | $17,551 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396 | TotalAmt |
| Management And General | $396 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,831 | TotalAmt |
| Management And General | $12,831 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,789 | TotalAmt |
| Management And General | $9,789 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,097 | TotalAmt |
| Management And General | $31,097 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,703 | TotalAmt |
| Management And General | $2,703 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,700 | TotalAmt |
| Management And General | $6,700 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,795 | TotalAmt |
| Program Services | $208,795 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PERSONNEL COSTS | $52,045 | $52,045 | ||
| MISCELLANEOUS | $329 | $29 | $300 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $512,921 | TotalAmt |
| Program Services | $395,790 | ProgramServicesAmt |
| Management And General | $116,831 | ManagementAndGeneralAmt |
| Fundraising | $300 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $247,046 | BOYAmt |
| EOY | $295,732 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $346,059 | BOYAmt |
| EOY | $542,860 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,863,143 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,412,134 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,664,051 | BOYAmt |
| EOY | $4,451,009 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,319,352 | BOYAmt |
| EOY | $4,470,919 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,576,508 | BOYAmt |
| EOY | $9,760,520 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,732 | BOYAmt |
| EOY | $6,864 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,685 | BOYAmt |
| EOY | $41,593 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,417 | BOYAmt |
| EOY | $298,457 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,568,553 | BOYAmt |
| EOY | $5,633,250 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $510,291 | BOYAmt |
| EOY | $583,654 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,174,247 | BOYAmt |
| EOY | $3,245,159 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,253,091 | BOYAmt |
| EOY | $9,462,063 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,576,508 | BOYAmt |
| EOY | $9,760,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,522,025 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$304,725 | NetUnrlzdGainsLossesInvstAmt |
| Investment Expense | $11 | InvestmentExpenseAmt |
| Other Changes In Net Assets | -$8,339 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| ACADEMY PREP CENTER OF TAMPA INC | ||||
| 593622978 | 2 | Yes (true) | $250 | $184,374 |
| ACADEMY PREP CENTER OF ST PETERSBURG INC | ||||
| 593623000 | 2 | Yes (true) | $134,700 | $163,098 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $134,950 | SupportSumAmt |
| Other Support Sum | $347,472 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (true) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (true) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | false | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Activities Further Exempt Prps | Yes (true) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (true) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,743,996 | BeginningYearBalanceAmt |
| Contributions | $1,227,657 | ContributionsAmt |
| Investment Earnings Or Losses | $128,063 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $134,700 | GrantsOrScholarshipsAmt |
| Other Expenditures | $277,921 | OtherExpendituresAmt |
| End Year Balance | $4,687,095 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,119,917 | BeginningYearBalanceAmt |
| Contributions | $589,294 | ContributionsAmt |
| Investment Earnings Or Losses | $442,378 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $339,455 | GrantsOrScholarshipsAmt |
| End Year Balance | $3,743,996 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,646,590 | BeginningYearBalanceAmt |
| Contributions | $595,579 | ContributionsAmt |
| Investment Earnings Or Losses | $433,360 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $555,612 | GrantsOrScholarshipsAmt |
| End Year Balance | $3,119,917 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,108,921 | BeginningYearBalanceAmt |
| Contributions | $104,500 | ContributionsAmt |
| Investment Earnings Or Losses | -$109,684 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $457,147 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,646,590 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,447,200 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $193,700 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $546,695 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,094,205 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.32750 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.60790 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.06460 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $639,404 | OtherCostOrOtherBasisAmt |
| Book Value | $639,404 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,214,430 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,402,825 | DepreciationAmt |
| Book Value | $3,811,605 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,309 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,309 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,451,009 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO AFFILIATE | Desc |
| Amt | $41,593 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $41,593 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,986,220 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$304,725 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $295,424 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$9,301 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,995,521 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $31,086 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $8,339 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $39,425 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,034,946 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $777,248 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $295,424 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $295,424 | ExpensesNotReportedAmt |
| Expenses Subtotal | $481,824 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $31,097 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $31,097 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $512,921 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 4B | K-1 INCOME 2,239 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 6,100 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACADEMY PREP CTR OF ST PETERSBURG | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 530512 | AddressLine1Txt |
| City | ST PETERSBURG | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 593623000 | RecipientEIN |
| IRC Section | 3 | IRCSectionDesc |
| Cash Grant | $134,700 | CashGrantAmt |
| Purpose Of Grant | GRADUATE SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE SUPPLIED TO RELATED ORGANIZATIONS FOR SUPPORT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LINCOLN TAMAYO | PersonNm |
| Title | VICE PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $27,175 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $158,226 | CompensationBasedOnRltdOrgsAmt |
| Deferred Compensation Flng Org | $1,359 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $7,911 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Rltd Orgs | $3,987 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $28,534 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $170,124 | TotalCompensationRltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | 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. |
| 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 | OTHER CHANGES IN NET ASSETS OR FUND BALANCE - CHANGE IN VALUE OF BENEFICIAL INTEREST OF -6,100. |
| FORM 990, PART XI, LINE 9 | K-1 INCOME -2,239 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -6,100 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (11 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ACADEMY PREP CENTER OF TAMPA | ||
| B | $250 | CASH |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| B | $134,700 | CASH |
| ACADEMY PREP CENTER OF TAMPA | ||
| C | $15,000 | CASH |
| ACADEMY PREP CENTER OF TAMPA | ||
| D | $45,139 | CASH |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| E | $3,546 | CASH |
| ACADEMY PREP CENTER OF TAMPA | ||
| J | $165,249 | FAIR MARKET VALUE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| J | $130,175 | 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 | $19,125 | ACTUAL EXPENSE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| O | $32,898 | ACTUAL EXPENSE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
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