ACADEMY PREP FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: ACADEMY PREP FOUNDATION INC (EIN 59-3377240)
Tax period: 2012-06-01 to 2013-05-31
Filed: 2014-02-12
IRS object ID: 201410439349301406
Schema version: 2012v2.3
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-02-12T11:40:32-06:00	Timestamp
Tax Period End Date	2013-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GREGORY SHARER & STUART PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 2ND AVE SOUTH STE 600	AddressLine1
City	SAINT PETERSBURG	City
State	FL	State
ZIP Code	337014336	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	593377240	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ACADEMY PREP FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ACAD	NameControl
Phone	7273220800	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 530512	AddressLine1
City	ST PETERSBURG	City
State	FL	State
ZIP Code	337470512	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAMES HUMBOLDT	Name
Title	CFO	Title
Phone	7273220800	Phone
Date Signed	2014-02-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BYRON C SMITH CPA	Name
Phone	7278216161	Phone
Date Prepared	2014-02-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JAMES HUMBOLDT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 530512	AddressLine1
City	ST PETERSBURG	City
State	FL	State
ZIP Code	337470512	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3113317	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.ACADEMYPREP.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1996	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission 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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	2	TotalNbrEmployees
Total Gross UBI	-1224	TotalGrossUBI
Net Unrelated Business Txbl Income	-1224	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	234428	ContributionsGrantsPriorYear
Contributions Grants Current Year	632394	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	168493	InvestmentIncomePriorYear
Investment Income Current Year	368788	InvestmentIncomeCurrentYear
Other Revenue Current Year	-1224	OtherRevenueCurrentYear
Total Revenue Prior Year	402921	TotalRevenuePriorYear
Total Revenue Current Year	999958	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	488649	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	372993	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	100172	SalariesEtcPriorYear
Salaries Etc Current Year	130408	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	244804	OtherExpensePriorYear
Other Expenses Current Year	239031	OtherExpensesCurrentYear
Total Expenses Prior Year	833625	TotalExpensesPriorYear
Total Expenses Current Year	742432	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-430704	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	257526	RevenuesLessExpensesCY
Total Assets BOY	7773435	TotalAssetsBOY
Total Assets EOY	8171607	TotalAssetsEOY
Total Liabilities BOY	250155	TotalLiabilitiesBOY
Total Liabilities EOY	288372	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	7523280	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7883235	NetAssetsOrFundBalancesEOY
Mission 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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	581772	Expense
Grants	372993	Grants
Description	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.	Description
Total Program Service Expense	581772	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Info In Schedule O Part V	X	InfoInScheduleOPartV
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	FL	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JAMES HUMBOLDT	NamePerson
Telephone Number	7273220800	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2301 - 22ND AVENUE S	AddressLine1
City	ST PETERSBURG	City
State	FL	State
ZIP Code	33712	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Average Hours Per Week RelatedAverageHoursPerWeekRelated	OfficerOfficer
JEFF FORTUNE
TRUSTEE	5.00	X	0	0	0
LINDA MARCELLI
TRUSTEE	5.00	X	0	0	0	2.00
STEVE KNOPIK
TREASURER	5.00	X	0	0	0
TOM SANSONE
CHAIRMAN	5.00	X	0	0	0	2.00
PAUL L WHITING SR
TRUSTEE	5.00	X	0	0	0	7.00
JOHN ERIK SAVITSKY
TRUSTEE	5.00	X	0	0	0	2.00
LINCOLN TAMAYO
VICE PRESIDE	10.00		26464	151627	14016	40.00	X
NANCY THOMPSON
FORMER CFO	20.00		62673	0	8246	20.00	X
BEN FISHER
RETIRED EXE	0.00		0	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	89137	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	151627	TotalReportableCompFrmRltdOrgs
Total Other Compensation	22262	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Related Organizations	56991	RelatedOrganizations
All Other Contributions	575403	AllOtherContributions
Total Contributions	632394	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	79312	TotalRevenueColumn
Exclusion	$79,312	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2402835	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2113359	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	289476	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	289476	TotalRevenueColumn
Exclusion	$289,476	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue
ORDINARY ADJUSTMENT PTP	525990	132	132
	211110	-1356	-1356

Field	Value	IRS element (for citing)
Total Other Revenue	-1224	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	999958	TotalRevenueColumn
Unrelated Business Revenue	-1224	UnrelatedBusinessRevenue
Exclusion	$368,788	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	372993	Total
Program Services	372993	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	98706	Total
Management And General	98706	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	20897	Total
Management And General	20897	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	854	Total
Management And General	854	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	584	Total
Management And General	584	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	9367	Total
Management And General	9367	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	9295	Total
Management And General	9295	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	13551	Total
Management And General	13551	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1154	Total
Management And General	1154	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	5209	Total
Management And General	5209	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	208779	Total
Program Services	208779	ProgramServices

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
TELEPHONE AND INTERNET	550	550
MISCELLANEOUS	493	493

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	742432	Total
Program Services	581772	ProgramServices
Management And General	160660	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	200370	BOY
EOY	277430	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	19992	BOY
EOY	129709	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	293	BOY
EOY	1993	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	6867393	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1994550	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5080094	BOY
EOY	4872843	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	2472686	BOY
EOY	2790528	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
EOY	99104	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	7773435	BOY
EOY	8171607	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	155	BOY
EOY	4151	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	250000	BOY
EOY	250000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	34221	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	250155	BOY
EOY	288372	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	5675728	BOY
EOY	5637725	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	72120	BOY
EOY	355751	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1775432	BOY
EOY	1889759	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7523280	BOY
EOY	7883235	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7773435	BOY
EOY	8171607	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	257526	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	75104	ReconciliationUnrealizedInvest
Reconcilation Other Changes	27325	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	847552	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	140000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	187500	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	234428	CurrentTaxYearMinus1Year
Current Tax Year	632394	CurrentTaxYear
Total	2041874	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	847552	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	140000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	187500	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	234428	CurrentTaxYearMinus1Year
Current Tax Year	632394	CurrentTaxYear
Total	2041874	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	1206947	AmountsSubstContributorsTotal
Public Support Total170	834927	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	112436	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	82505	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	74020	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	69530	CurrentTaxYearMinus1Year
Current Tax Year	79312	CurrentTaxYear
Total	417803	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2	CurrentTaxYearMinus4Years
Total	2	Total

Field	Value	IRS element (for citing)
Total Support	2459679	TotalSupport
Public Support Pertcentage170	0.33940	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.33510	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2646590	BeginningOfYearBalance
Contributions	595579	Contributions
Investment Earnings Or Losses	433360	InvestmentEarningsOrLosses
Grants Or Scholarships	555612	GrantsOrScholarships
End Of Year Balance	3119917	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	3108921	BeginningOfYearBalance
Contributions	104500	Contributions
Investment Earnings Or Losses	-109684	InvestmentEarningsOrLosses
Grants Or Scholarships	457147	GrantsOrScholarships
End Of Year Balance	2646590	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1447200	BeginningOfYearBalance
Investment Earnings Or Losses	193700	InvestmentEarningsOrLosses
Grants Or Scholarships	546695	GrantsOrScholarships
End Of Year Balance	1094205	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1951105	BeginningOfYearBalance
Contributions	83912	Contributions
Investment Earnings Or Losses	192030	InvestmentEarningsOrLosses
Grants Or Scholarships	779847	GrantsOrScholarships
End Of Year Balance	1447200	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	3062693	BeginningOfYearBalance
Contributions	684338	Contributions
Investment Earnings Or Losses	-566040	InvestmentEarningsOrLosses
Grants Or Scholarships	1229886	GrantsOrScholarships
End Of Year Balance	1951105	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.32320	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.60570	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.07110	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	643654	OtherCostOrOtherBasis
Book Value	643654	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6214430	OtherCostOrOtherBasis
Depreciation	1986471	Depreciation
Book Value	4227959	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9309	OtherCostOrOtherBasis
Depreciation	8079	Depreciation
Book Value	1230	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4872843	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DUE TO AFFILIATE	Description
Amount	$34,221	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	34221	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	1256534	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	75104	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	357198	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	432302	RevenueNotRptdF990
Revenue Subtotal	824232	RevenueSubtotal
Investment Expenses Not Included	13551	InvestmentExpensesNotIncluded
Other Revenues Not Included	162175	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	175726	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	999958	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	896579	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	357198	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	357198	ExpensesNotRptdF990
Expenses Subtotal	539381	ExpensesSubtotal
Investment Expenses Not Included2	13551	InvestmentExpensesNotIncluded2
Other Expenses Not Included	189500	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	203051	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	742432	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
INTENDED USES FOR ENDOWMENT FUNDS	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.
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS. THE 2009, 2010, AND 2011 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE IRS. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FOUNDATION BEEN CONTACTED BY THE IRS.
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 4B	CHANGE IN VALUE OF BENEFICIAL INTEREST -55,680 GRANT NETTED AGAINST LOAN PAYABLE 26,919 GRANTS NETTED IN FINANCIAL STATEMENTS 189,500 PUBLICLY TRADED PARTNERSHIP INCOME 1,436
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	GRANTS NETTED IN FINANCIAL STATMENTS 189,500

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
ACADEMY PREP CENTER OF TAMPA INC
PO BOX 530512	ST PETERSBURG	FL	33712	593622978	3	129654	SUPPORT
ACADEMY PREP CTR OF ST PETERSBURG
PO BOX 530512	ST PETERSBURG	FL	33712	593623000	3	243339	SUPPORT

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	2	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES	Identifier
Return Reference	SCHEDULE I, PAGE 1, PART I, LINE 2	ReturnReference
Explanation	GRANTS ARE SUPPLIED TO RELATED ORGANIZATIONS FOR SUPPORT.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	LINCOLN TAMAYO	NamePerson
Title	VICE PRESIDENT	Title
Base Compensation Filing Org	26464	BaseCompensationFilingOrg
Comp Based On Related Orgs	151627	CompBasedOnRelatedOrgs
Deferred Comp Filing Org	1323	DeferredCompFilingOrg
Deferred Comp Related Orgs	7581	DeferredCompRelatedOrgs
Nontaxable Benefits Related Orgs	5112	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	27787	TotalCompensationFilingOrg
Total Compensation Related Orgs	164320	TotalCompensationRelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ADDITIONAL INFORMATION	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 COMPONENTS SALARIES, PAYROLL TAXES, BENEFITS, ETC AND REPORTED ON APPROPRIATE SCHEDULES.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	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.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	TRUSTEES ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AND ENFORCES THE POLICY.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD APPROVES ALL COMPENSATION AND HIRING.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD APPROVES ALL COMPENSATION AND HIRING.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	PRINTED GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
ADDITIONAL INFORMATION	FORM 990, PART XI	OTHER CHANGES IN NET ASSETS OR FUND BALANCE - CHANGE IN VALUE OF BENEFICIAL INTEREST OF 55,680, AND LOAN PAYOFF NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS OF (26,919).
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	CHANGE IN VALUE OF BENEFICIAL INTEREST 55,680 GRANT NETTED AGAINST LOAN PAYABLE -26,919 GRANTS NETTED IN FINANCIAL STATEMENTS -189,500 PUBLICLY TRADED PARTNERSHIP INCOME -1,436 GRANTS NETTED IN FINANCIAL STATMENTS 189,500

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Direct Controlling Entity NADirectControllingEntityNA	Controlled OrgControlledOrg
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 Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	true	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	true	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	true	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (24 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
ACADEMY PREP CENTER OF TAMPA
B	29654	CASH
ACADEMY PREP CENTER OF STPETERSBURG
B	163339	CASH
ACADEMY PREP CENTER OF TAMPA
C	56991	CASH
ACADEMY PREP CENTER OF TAMPA
D	1700	CASH
ACADEMY PREP CENTER OF TAMPA
J	228708	FAIR MARKET VALUE
ACADEMY PREP CENTER OF STPETERSBURG
J	125981	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	18759	ACTUAL EXPENSE
ACADEMY PREP CENTER OF STPETERSBURG
O	29482	ACTUAL EXPENSE
ACADEMY PREP CENTER OF TAMPA
R	100000	CASH
ACADEMY PREP CENTER OF STPETERSBURG
R	80000	CASH
ACADEMY PREP CENTER OF TAMPA
B	29654	CASH
ACADEMY PREP CENTER OF STPETERSBURG
B	163339	CASH
ACADEMY PREP CENTER OF TAMPA
C	56991	CASH
ACADEMY PREP CENTER OF TAMPA
D	1700	CASH
ACADEMY PREP CENTER OF TAMPA
J	228708	FAIR MARKET VALUE
ACADEMY PREP CENTER OF STPETERSBURG
J	125981	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	18759	ACTUAL EXPENSE
ACADEMY PREP CENTER OF STPETERSBURG
O	29482	ACTUAL EXPENSE
ACADEMY PREP CENTER OF TAMPA
R	100000	CASH
ACADEMY PREP CENTER OF STPETERSBURG
R	80000	CASH

Form990 Schedule R Part VII Form990ScheduleRPartVII

Field	Value	IRS element (for citing)
Identifier	ADDITIONAL INFORMATION	Identifier
Return Reference	SCHEDULE R	ReturnReference
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 SCHEDULE R PART V LINE 1R TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION FORWARDED FUNDS FOR A GRANT THAT HAD BEEN ACCRUED IN THE PRIOR YEAR	Explanation