Form 990 for tax year 2023
Filed by ACADEMY PREP CENTER OF TAMPA INC.
Totals
- Total revenue
- $3,846,458
- Total expenses
- $3,464,182
- Contributions and grants received
- $2,900,130
- Grants paid
- $0
- Program service revenue
- $899,688
- Investment income
- $0
- Other revenue
- $46,640
- Total assets, end of year
- $9,705,830
- Total liabilities, end of year
- $137,672
- Net assets or fund balances, end of year
- $9,568,158
- Program services expenses (Part IX)
- $2,676,032
- Management and general expenses
- $418,617
- Fundraising expenses
- $369,533
- Program service expenses (Part III)
- $2,676,032
Program services were 77.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$902,524
-
1e · Government grants (contributions)
$117,656
-
1f · All other contributions, gifts and grants
$1,879,950
-
2a · Program service revenue: TUITION - SCHOLARSHIP
total $872,917 · related or exempt $872,917
-
2b · Program service revenue: ACTIVITY FEE
total $26,771 · related or exempt $26,771
-
8a · Fundraising events: gross income
$121,260
-
8a · Fundraising events: contributions included on line 1c
$902,524
-
8b · Fundraising events: direct expenses
$121,260
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER REVENUE
total $46,640 · related or exempt $46,640
-
11e · Other revenue, total
$46,640
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $257,652 · program services $175,700 · management and general $51,181 · fundraising $30,771
-
7 · Other salaries and wages
total $1,493,178 · program services $1,098,009 · management and general $202,869 · fundraising $192,300
-
8 · Pension plan contributions
total $30,447 · program services $23,314 · management and general $4,368 · fundraising $2,765
-
9 · Other employee benefits
total $211,032 · program services $161,593 · management and general $30,277 · fundraising $19,162
-
10 · Payroll taxes
total $161,557 · program services $119,379 · management and general $22,108 · fundraising $20,070
-
11c · Fees: accounting
total $22,988 · management and general $22,988
-
11g · Fees: other
total $126,449 · program services $125,849 · fundraising $600
-
12 · Advertising and promotion
total $5,250 · management and general $1,621 · fundraising $3,629
-
13 · Office expenses
total $155,153 · program services $64,276 · management and general $63,981 · fundraising $26,896
-
16 · Occupancy
total $68,386 · program services $68,386
-
17 · Travel
total $9,215 · program services $3,427 · management and general $202 · fundraising $5,586
-
19 · Conferences, conventions and meetings
total $16,218 · management and general $12,884 · fundraising $3,334
-
22 · Depreciation, depletion and amortization
total $145,274 · program services $145,274
-
23 · Insurance
total $53,283 · program services $53,283
-
24a · Other expenses: DONATED TEACHER SALARIE
total $229,466 · program services $167,544 · fundraising $61,922
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $150,992 · program services $150,992
-
24c · Other expenses: STUDENT MEALS
total $125,567 · program services $125,567
-
24d · Other expenses: STUDENT ACTIVITIES
total $105,109 · program services $105,109
-
24e · All other expenses
total $96,966 · program services $88,330 · management and general $6,138 · fundraising $2,498
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $400,717 · end of year $164,470
-
3 · Pledges and grants receivable
beginning of year $10,787 · end of year $12,074
-
9 · Prepaid expenses and deferred charges
beginning of year $8,925 · end of year $23,392
-
10a · Land, buildings and equipment: cost or other basis
$2,291,455
-
10b · Land, buildings and equipment: accumulated depreciation
$1,560,397
-
10c · Land, buildings and equipment, net
beginning of year $551,163 · end of year $731,058
-
12 · Investments: other securities
beginning of year $7,236,763 · end of year $8,774,836
-
17 · Accounts payable and accrued expenses
beginning of year $94,790 · end of year $118,861
-
25 · Other liabilities
beginning of year $19,219 · end of year $18,811
-
27 · Net assets without donor restrictions
beginning of year $6,334,475 · end of year $7,196,675
-
28 · Net assets with donor restrictions
beginning of year $1,759,871 · end of year $2,371,483
Mission and programs · 2023
Mission
TO INSPIRE AND EMPOWER STUDENTS WHO QUALIFY FOR NEED-BASED SCHOLARSHIPS TO BECOME FUTURE COMMUNITY LEADERS THROUGH A RIGOROUS MIDDLE SCHOOL PROGRAM COUPLED WITH ONGOING GRADUATE SUPPORT.
-
SEE SCHEDULE O.
Expenses $2,630,701 · Revenue $946,328
-
SEE SCHEDULE O.
Expenses $45,331
-
N/A
As filed on the 2023 return.
Listed in Part VII
-
Elizabeth FowlerELIZABETH FOWLER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jessica CostelloJESSICA COSTELLO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa CouchLISA COUCH
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jeff DowdleJEFF DOWDLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
William HarrellWILLIAM HARRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Michael HyerMICHAEL HYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Greg IglehartGREG IGLEHART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth KrystynELIZABETH KRYSTYN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Karen LevyKAREN LEVY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Donald MorrisonDONALD MORRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jake NellisJAKE NELLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Tracy PayneTRACY PAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cedric PowellCEDRIC POWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ari RaviARI RAVI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rania ShehataRANIA SHEHATA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul ShoukryPAUL SHOUKRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mike SierraMIKE SIERRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alex SullivanALEX SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Riki ThomasRIKI THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Susan TouchtonSUSAN TOUCHTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul Whiting SrPAUL WHITING SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
L'Tanya EvansL'TANYA EVANS
HEAD OF SCHOOL - THRU AUG 2024
- Total calculated
- $149,909
- From this org
- $140,711
- From related orgs
- $0
- Other
- $9,198
- Hours/week
- 40
-
Terri ScarcelliTERRI SCARCELLI
CFO
- Total calculated
- $111,238
- From this org
- $0
- From related orgs
- $105,280
- Other
- $5,958
- Hours/week
- 2.5 + 37.5 related
-
Lincoln TamayoLINCOLN TAMAYO
HEAD OF SCHOOL - AS OF SEP 2024
- Total calculated
- $254,016
- From this org
- $116,941
- From related orgs
- $116,941
- Other
- $20,134
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,941 + $116,941 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,067 + $10,067 related
- Filer's total
- $127,008 + $127,008 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION OF THE HEAD OF SCHOOL IS APPROVED BY THE BOARD AND/OR ITS COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · SUPPORT · FL
-
ACADEMY PREP CENTER OF ST PETE
501C3 · EDUCATION · FL
-
ACADEMY PREP CENTER OF LAKELAND
501C3 · EDUCATION · FL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540839349301074
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