Preparatory Academy Inc.

990EZ • Fiscal year 2018 • EIN 46-2687759

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 28, 2018

Organization Profile www.preparatoryacademyinc.org

17001 Melba LnLutz, FL 33549-5618

(813) 563-0907

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

8.7%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

83%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

289%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets57th percentile

Assets

$2,102

Up $954 (+83%) from 2017

Net Assets

$2,102

No earlier filing loaded for comparison.

Liabilities

Down

Down $973 (-100%) from 2017

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin61st percentile

Revenue

$22,227

Up $16,518 (+289%) from 2017

Expenses

$20,300

Up $12,304 (+154%) from 2017

Net Income

$1,927

Up $4,214 (+184%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2018

Assets$2,102

Liabilities$0

Net Assets$2,102

Open 2018 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2018

Revenue$22,227

Expenses$20,300

Net Income$1,927

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Oct 28, 2018
Return Version: 2017v2.0
Gross Receipts: $22,227

Mission and Program Overview

Mission

A K-12 school that meets the needs of all students from the academically challenged to students seeking truly rigorous college-preparatory courses by taking advantage of school choice options.

Program Services

Description	Grants	Expenses
Preparatory Academy partnered with Tampa Homeschoolers to provide academic programs.	$0	$18,225
We successfully conducted our first experiential learning event - the solar eclipse and nature field studies in Cross Anchor SC - with 12 students. Assistance was provided by graduate geology students of USF.	$0	$1,358

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Carolyn Lang	Director; President & Treasurer	-	$0	-	-
Christy Bebeau	Director; Secretary & Program Administrator	-	$0	-	-
Katherine George	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Preparatory Academy Inc
EIN: 46-2687759
Phone: 8135630907
Address: 17001 MELBA LN, LUTZ, FL 33549-5618

Signing Officer

Name: Carolyn Lang
Title: President & Treasurer
Phone: 8132053941
Signed: 2018-10-28

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Description;Amount^Excess reimbursement for supplies;1673^Total;1673^”

Form 990-EZ, Part I, Line 16

“Description;Amount^Business registration fees;131|Program payroll expenses;1482|Advertising expenses;175|Credit card processing fees;101|Conference;119|Travel;1239|Board meetings;310^Total;3557^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Accounts receivable;1550^Total;1550^”

Raw XML Appendix203 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BenefitsPaidToOrForMembersAmt	0	0
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt	0	Apt 201
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IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	FL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Carolyn Lang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Christy Bebeau
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Katherine George
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	Director; President & Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Director; Secretary & Program Administrator
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Director
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	595
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	1550
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	3557
IRS990EZ/OtherRevenueTotalAmt	0	1673
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	A K-12 school that meets the needs of all students from the academically challenged to students seeking truly rigorous college-preparatory courses by taking advantage of school choice options.
IRS990EZ/PrintingPublicationsPostageAmt	0	721
IRS990EZ/ProgramServiceRevenueAmt	0	20512
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Preparatory Academy partnered with Tampa Homeschoolers to provide academic programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	We successfully conducted our first experiential learning event - the solar eclipse and nature field studies in Cross Anchor SC - with 12 students. Assistance was provided by graduate geology students of USF.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	1	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	18225
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	1358
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	16022
IRS990EZ/SaleOfAssetsGrossAmt	0	0
IRS990EZ/SchoolOperatingInd	0	1
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	973
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	20300
IRS990EZ/TotalProgramServiceExpensesAmt	0	19583
IRS990EZ/TotalRevenueAmt	0	22227
IRS990EZ/TransactionWithControlEntInd	0	0
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	www.preparatoryacademyinc.org
IRS990ScheduleA/First5Years170Ind	0	X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	0	Revenue from program activities.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	0	Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	41
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	2049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	55
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	40
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	2185
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt	0	0
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	1
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	1
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	2
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	0
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt	0	20512
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt	0	17891
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	10640
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	1225
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	50268
IRS990ScheduleA/PublicSupportTotal170Amt	0	2185
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt	0	0
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	0
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IRS990ScheduleA/TotalSupportAmt	0	52455
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt	0	0
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt	0	0
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IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	1
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	0
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	0
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	0
IRS990ScheduleE/DiscriminateRaceSchsInd	0	0
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	0
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	0
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	1
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	1
IRS990ScheduleE/MaintainRacialCompRecsInd	0	1
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	1
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	1
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	1
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	1
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt	0	Newspaper ad in August.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Schedule E, Part I, Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description;Amount^Excess reimbursement for supplies;1673^Total;1673^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Description;Amount^Business registration fees;131\|Program payroll expenses;1482\|Advertising expenses;175\|Credit card processing fees;101\|Conference;119\|Travel;1239\|Board meetings;310^Total;3557^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Description;EOY Amount^Accounts receivable;1550^Total;1550^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Carolyn Lang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8132053941
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	PREP
ReturnHeader/Filer/EIN	0	462687759
ReturnHeader/Filer/PhoneNum	0	8135630907
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	17001 MELBA LN
ReturnHeader/Filer/USAddress/CityNm	0	LUTZ
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	335495618
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	68.200.243.52
ReturnHeader/ReturnTs	0	2018-10-28T15:30:24-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-07-01
ReturnHeader/TaxPeriodEndDt	0	2018-06-30
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,102
Liabilities: $0
Net assets: $2,102
Revenue: $22,227
Expenses: $20,300
Net income: $1,927

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$21.3	$19.7	$1.52	$88.7	$72.0	$16.6
2024Summary only. Only limited summary data is available for this year.	$13.5	$28.6		$80.5	$80.5	$0.01
2023Detailed filing. Detailed filing data is available for this year.	$17.0	$32.1	$15.1	$51.7	$55.0	$3.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$6.47	$18.4	$11.9	$37.7	$37.0	$0.69
2021Summary only. Only limited summary data is available for this year.	$6.54	$19.1		$12.7	$25.6	$12.8
2020Detailed filing. Detailed filing data is available for this year.	$0.27	$0.00	$0.27	$10.9	$11.3	$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.66	$0.00	$0.66	$14.6	$16.0	$1.44
2018Detailed filing. Detailed filing data is available for this year.	$2.10	$0.00	$2.10	$22.2	$20.3	$1.93
2017Summary only. Only limited summary data is available for this year.	$1.15	$0.97		$5.71	$8.00	$2.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$9.51	$7.05	$2.46	$20.5	$21.9	$1.35
2015Detailed filing. Detailed filing data is available for this year.	$11.2	$7.42	$3.81	$10.7	$6.88	$3.82