ACADEMY PREP FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ACADEMY PREP FOUNDATION INC (EIN 59-3377240)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2012-12-19
- IRS object ID
- 201233549349300113
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-12-19T12:20:10-06:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | 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 | 2011-06-01 | 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 | NANCY THOMPSON | Name |
| Title | CFO | Title |
| Phone | 7273220800 | Phone |
| Date Signed | 2012-12-19 | 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 | 2012-12-19 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | NANCY THOMPSON | 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 | 1865832 | 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 | 3 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 187500 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 234428 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 254874 | InvestmentIncomePriorYear |
| Investment Income Current Year | 168493 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 442374 | TotalRevenuePriorYear |
| Total Revenue Current Year | 402921 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 749779 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 488649 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 138785 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 100172 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1474 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 256768 | OtherExpensePriorYear |
| Other Expenses Current Year | 244804 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1145332 | TotalExpensesPriorYear |
| Total Expenses Current Year | 833625 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -702958 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -430704 | RevenuesLessExpensesCY |
| Total Assets BOY | 8479507 | TotalAssetsBOY |
| Total Assets EOY | 7773435 | TotalAssetsEOY |
| Total Liabilities BOY | 250978 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 250155 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8228529 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 7523280 | 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 | 756159 | Expense |
| Grants | 488649 | 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 | 756159 | 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 | false | 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 |
| Transaction Related Entity | false | TransactionRelatedEntity |
| 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 | 3 | 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 | NANCY THOMPSON | 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 | OfficerOfficer |
|---|---|---|---|---|---|---|
| JEFF FORTUNE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| LINDA MARCELLI | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| STEVE KNOPIK | ||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | |
| TOM SANSONE | ||||||
| CHAIRMAN | 5.00 | X | 0 | 0 | 0 | |
| PAUL L WHITING SR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JOHN ERIK SAVITSKY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| LINCOLN TAMAYO | ||||||
| VICE PRESIDE | 10.00 | 25845 | 150987 | 13518 | X | |
| NANCY THOMPSON | ||||||
| CFO | 20.00 | 57798 | 0 | 7543 | X | |
| BEN FISHER | ||||||
| EXEC DIRECTO | 20.00 | 17822 | 0 | 8755 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 101465 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 150987 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 29816 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 234428 | AllOtherContributions |
| Total Contributions | 234428 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 69530 | TotalRevenueColumn |
| Exclusion | $69,530 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1561874 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1462911 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 98963 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 98963 | TotalRevenueColumn |
| Exclusion | $98,963 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 402921 | TotalRevenueColumn |
| Exclusion | $168,493 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488649 | Total |
| Program Services | 488649 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92943 | Total |
| Program Services | 59102 | ProgramServices |
| Management And General | 33841 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7229 | Total |
| Management And General | 7229 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12850 | Total |
| Management And General | 12850 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13890 | Total |
| Management And General | 13890 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1228 | Total |
| Management And General | 1228 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4884 | Total |
| Management And General | 4884 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208861 | Total |
| Program Services | 208408 | ProgramServices |
| Management And General | 453 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|
| MISCELLANEOUS | 2474 | 1000 | 1474 |
| TELEPHONE AND INTERNET | 600 | 600 | |
| BANK FEES | 17 | 17 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 833625 | Total |
| Program Services | 756159 | ProgramServices |
| Management And General | 75992 | ManagementAndGeneral |
| Fundraising | 1474 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 200370 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 243969 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22044 | BOY |
| EOY | 19992 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 293 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6865864 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1785770 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5288955 | BOY |
| EOY | 5080094 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2909070 | BOY |
| EOY | 2472686 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15469 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8479507 | BOY |
| EOY | 7773435 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 978 | BOY |
| EOY | 155 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250000 | BOY |
| EOY | 250000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250978 | BOY |
| EOY | 250155 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6186605 | BOY |
| EOY | 5675728 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2019380 | BOY |
| EOY | 72120 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22544 | BOY |
| EOY | 1775432 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8228529 | BOY |
| EOY | 7523280 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8479507 | BOY |
| EOY | 7773435 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -430704 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -274545 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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 | 973043 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 847552 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 140000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 187500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 234428 | CurrentTaxYear |
| Total | 2382523 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 973043 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 847552 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 140000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 187500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 234428 | CurrentTaxYear |
| Total | 2382523 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1393857 | AmountsSubstContributorsTotal |
| Public Support Total170 | 988666 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 229460 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 112436 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 82505 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 74020 | CurrentTaxYearMinus1Year |
| Current Tax Year | 69530 | CurrentTaxYear |
| Total | 567951 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2 | CurrentTaxYearMinus3Years |
| Total | 4 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 2950478 | TotalSupport |
| Public Support Pertcentage170 | 0.33510 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.49990 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| 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 Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 Minus3 Years CurrentYearMinus3Years
| 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 | 0.31480 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.67080 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01440 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
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 | 6214429 | OtherCostOrOtherBasis |
| Depreciation | 1778034 | Depreciation |
| Book Value | 4436395 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7781 | OtherCostOrOtherBasis |
| Depreciation | 7736 | Depreciation |
| Book Value | 45 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5080094 | TotalOfBookValueLandBuildings |
| Total Revenue | 402921 | TotalRevenue |
| Total Expenses | 833625 | TotalExpenses |
| Excess Or Deficit For Year | -430704 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -275744 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 3750 | DonatedServicesAndFacilities |
| Other | -$2,551 | OtherAmount |
| Total Adjustments | -274545 | TotalAdjustments |
| Excess Or Deficit Per FS | -705249 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 398713 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -275744 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 287994 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 12250 | RevenueNotRptdF990 |
| Revenue Subtotal | 386463 | RevenueSubtotal |
| Investment Expenses Not Included | 13907 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2551 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16458 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 402921 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1103962 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 284244 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 284244 | ExpensesNotRptdF990 |
| Expenses Subtotal | 819718 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 13907 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 13907 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 833625 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 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 INTERNAL REVENUE SERVICE (IRS). THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FOUNDATION BEEN CONTACTED BY THE IRS. |
| RECONCILIATION OF CHANGES - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 8 | CHANGE IN VALUE OF BENEFICIAL INTEREST -2,551 |
| REVENUE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | CHANGE IN VALUE OF BENEFICIAL INTEREST 2,551 |
| SUPPLEMENTAL FINANCIAL INFORMATION | SCHEDULE D, PAGE 4, PART XIV | PART V - ENDOWMENT FUNDS CURRENT YEAR BEGINNING ENDOWMENT BALANCE INCLUDES PERMANENTLY RESTRICTED ENDOWMENTS FOR SCHOOLS NOT PREVIOUSLY REPORTED ON THIS SCHEDULE. PART XI - RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FINANCIAL STATEMENTS OTHER - CHANGE IN VALUE OF BENEFICIAL INTEREST |
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 | 52679 | SUPPORT |
| ACADEMY PREP CTR OF ST PETERSBURG | |||||||
| PO BOX 530512 | ST PETERSBURG | FL | 33712 | 593623000 | 3 | 435970 | SUPPORT |
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 |
| Base Compensation Filing Org | 25845 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 150987 | CompBasedOnRelatedOrgs |
| Deferred Comp Filing Org | 1292 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 7549 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Related Orgs | 4677 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 27137 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 163213 | TotalCompensationRelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 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 (-2,551), NET UNREALIZED LOSS ON INVESTMENTS (-275,744), DONATED SERVICES AND USE OF FACILITIES (3,750). |
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 | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| 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 | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (16 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| ACADEMY PREP CENTER OF TAMPA | ||
| B | 36928 | CASH |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| B | 420219 | CASH |
| ACADEMY PREP CENTER OF TAMPA | ||
| I | 159276 | FAIR MARKET VALUE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| I | 124968 | FAIR MARKET VALUE |
| ACADEMY PREP CENTER OF TAMPA | ||
| M | ||
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| M | ||
| ACADEMY PREP CENTER OF TAMPA | ||
| N | 15750 | ACTUAL EXPENSE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| N | 15750 | ACTUAL EXPENSE |
| ACADEMY PREP CENTER OF TAMPA | ||
| B | 36928 | CASH |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| B | 420219 | CASH |
| ACADEMY PREP CENTER OF TAMPA | ||
| I | 159276 | FAIR MARKET VALUE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| I | 124968 | FAIR MARKET VALUE |
| ACADEMY PREP CENTER OF TAMPA | ||
| M | ||
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| M | ||
| ACADEMY PREP CENTER OF TAMPA | ||
| N | 15750 | ACTUAL EXPENSE |
| ACADEMY PREP CENTER OF STPETERSBURG | ||
| N | 15750 | ACTUAL EXPENSE |
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 1M 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 1N TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES PAID EMPLOYEES WITH ACADEMY PREP CENTER OF TAMPA INC AND ACADEMY PREP CENTER OF ST PETERSBURG INC | Explanation |
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