2012-12-19T12:20:10-06:00 2012-05-31 GREGORY SHARER & STUART PA 100 2ND AVE SOUTH STE 600 SAINT PETERSBURG FL 337014336 990 2011-06-01 593377240 ACADEMY PREP FOUNDATION INC ACAD 7273220800 PO BOX 530512 ST PETERSBURG FL 337470512 NANCY THOMPSON 7273220800 2012-12-19 true BYRON C SMITH CPA 7278216161 2012-12-19 2011 2016-02-24 21:20:13Z NANCY THOMPSON PO BOX 530512 ST PETERSBURG FL 337470512 1865832 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 3 0 187500 234428 0 254874 168493 0 442374 402921 749779 488649 0 138785 100172 0 1474 256768 244804 1145332 833625 -702958 -430704 8479507 7773435 250978 250155 8228529 7523280 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 756159 488649 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. 756159 true true false false false false false false false true true false false false false 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 false true X 1 0 true 3 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 NANCY THOMPSON 7273220800 2301 - 22ND AVENUE S ST PETERSBURG FL 33712 JEFF FORTUNE 5.00 X 0 0 0 LINDA MARCELLI 5.00 X 0 0 0 STEVE KNOPIK 5.00 X 0 0 0 TOM SANSONE 5.00 X 0 0 0 PAUL L WHITING SR 5.00 X 0 0 0 JOHN ERIK SAVITSKY 5.00 X 0 0 0 LINCOLN TAMAYO 10.00 X 25845 150987 13518 NANCY THOMPSON 20.00 X 57798 0 7543 BEN FISHER 20.00 X 17822 0 8755 101465 150987 29816 false true false 234428 234428 69530 69530 1561874 1462911 98963 98963 98963 402921 168493 488649 488649 92943 59102 33841 7229 7229 12850 12850 13890 13890 1228 1228 4884 4884 208861 208408 453 MISCELLANEOUS 2474 1000 1474 TELEPHONE AND INTERNET 600 600 BANK FEES 17 17 833625 756159 75992 1474 200370 243969 22044 19992 293 6865864 1785770 5288955 5080094 2909070 2472686 15469 8479507 7773435 978 155 250000 250000 250978 250155 X 6186605 5675728 2019380 72120 22544 1775432 8228529 7523280 8479507 7773435 X -430704 -274545 X false true true X false X 973043 847552 140000 187500 234428 2382523 973043 847552 140000 187500 234428 2382523 1393857 988666 229460 112436 82505 74020 69530 567951 2 2 4 2950478 0.33510 0.49990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 3108921 104500 -109684 457147 2646590 1447200 193700 546695 1094205 1951105 83912 192030 779847 1447200 3062693 684338 -566040 1229886 1951105 0.31480 0.67080 0.01440 true false false 643654 643654 6214429 1778034 4436395 7781 7736 45 5080094 402921 833625 -430704 -275744 3750 -2551 -274545 -705249 398713 -275744 287994 12250 386463 13907 2551 16458 402921 1103962 284244 284244 819718 13907 13907 833625 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 true 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 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 25845 150987 1292 7549 4677 27137 163213 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). 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 false false false false false false true false false false true true false false false false 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 ADDITIONAL INFORMATION SCHEDULE R 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