2014-02-12T11:40:32-06:00 2013-05-31 GREGORY SHARER & STUART PA 100 2ND AVE SOUTH STE 600 SAINT PETERSBURG FL 337014336 990 2012-06-01 593377240 ACADEMY PREP FOUNDATION INC ACAD 7273220800 PO BOX 530512 ST PETERSBURG FL 337470512 JAMES HUMBOLDT 7273220800 2014-02-12 true BYRON C SMITH CPA 7278216161 2014-02-12 2012 2015-11-30 17:44:51Z JAMES HUMBOLDT PO BOX 530512 ST PETERSBURG FL 337470512 3113317 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. 6 6 2 -1224 -1224 234428 632394 0 168493 368788 -1224 402921 999958 488649 372993 0 100172 130408 0 0 244804 239031 833625 742432 -430704 257526 7773435 8171607 250155 288372 7523280 7883235 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 581772 372993 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. 581772 true true false false false false false false false true true false false false true true 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 1 0 true 2 true false false false false false false false false false false X 6 6 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 5.00 X 0 0 0 LINDA MARCELLI 5.00 2.00 X 0 0 0 STEVE KNOPIK 5.00 X 0 0 0 TOM SANSONE 5.00 2.00 X 0 0 0 PAUL L WHITING SR 5.00 7.00 X 0 0 0 JOHN ERIK SAVITSKY 5.00 2.00 X 0 0 0 LINCOLN TAMAYO 10.00 40.00 X 26464 151627 14016 NANCY THOMPSON 20.00 20.00 X 62673 0 8246 BEN FISHER 0.00 X 0 0 0 89137 151627 22262 false true false 56991 575403 632394 79312 79312 2402835 2113359 289476 289476 289476 ORDINARY ADJUSTMENT PTP 525990 132 132 211110 -1356 -1356 -1224 999958 -1224 368788 372993 372993 98706 98706 20897 20897 854 854 584 584 9367 9367 9295 9295 13551 13551 1154 1154 5209 5209 208779 208779 TELEPHONE AND INTERNET 550 550 MISCELLANEOUS 493 493 742432 581772 160660 0 200370 277430 19992 129709 293 1993 6867393 1994550 5080094 4872843 2472686 2790528 99104 7773435 8171607 155 4151 250000 250000 34221 250155 288372 X 5675728 5637725 72120 355751 1775432 1889759 7523280 7883235 7773435 8171607 X 257526 75104 27325 X false true X true false X 847552 140000 187500 234428 632394 2041874 847552 140000 187500 234428 632394 2041874 1206947 834927 112436 82505 74020 69530 79312 417803 2 2 2459679 0.33940 0.33510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2646590 595579 433360 555612 3119917 3108921 104500 -109684 457147 2646590 1447200 193700 546695 1094205 1951105 83912 192030 779847 1447200 3062693 684338 -566040 1229886 1951105 0.32320 0.60570 0.07110 true false 643654 643654 6214430 1986471 4227959 9309 8079 1230 4872843 DUE TO AFFILIATE 34221 34221 X 1256534 75104 357198 432302 824232 13551 162175 175726 999958 896579 357198 357198 539381 13551 189500 203051 742432 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 true 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 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS ARE SUPPLIED TO RELATED ORGANIZATIONS FOR SUPPORT. X false false false false false false false false false LINCOLN TAMAYO 26464 151627 1323 7581 5112 27787 164320 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 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 false false false false false true false false false true true false false true false 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 ADDITIONAL INFORMATION 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 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