Civic Intelligence

Preparatory Academy Inc.

990EZ • Fiscal year 2019 • EIN 46-2687759

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 03, 2019

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.

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

24th percentile

-9.9%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

6th percentile

-69%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-35%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$662

Down $1,440 (-69%) from 2018

Net Assets

Down

$660

Down $1,442 (-69%) from 2018

Liabilities

Up

$2

Up $2 from 2018

Revenue

Down

$14,555

Down $7,672 (-35%) from 2018

Expenses

Down

$15,997

Down $4,303 (-21%) from 2018

Net Income

Down

-$1,442

Down $3,369 (-175%) from 2018

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20KAssets 2015: $11,228Liabilities 2015: $7,415Net Assets 2015: $3,8132015Assets 2016: $9,510Liabilities 2016: $7,048Net Assets 2016: $2,4622016Assets 2017: $1,148Liabilities 2017: $9732017Assets 2018: $2,102Liabilities 2018: $0Net Assets 2018: $2,1022018Assets 2019: $662Liabilities 2019: $2Net Assets 2019: $6602019Assets 2020: $269Liabilities 2020: $0Net Assets 2020: $2692020Assets 2021: $6,538Liabilities 2021: $19,1062021Assets 2022: $6,470Liabilities 2022: $18,350Net Assets 2022: -$11,8802022Assets 2023: $16,962Liabilities 2023: $32,087Net Assets 2023: -$15,1252023Assets 2024: $13,493Liabilities 2024: $28,6052024Assets 2025: $21,259Liabilities 2025: $19,735Net Assets 2025: $1,5242025

Highlighted filing

2019

Assets$662
Liabilities$2
Net Assets$660

Operations Trend

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

$100K$50K$0-$50KRevenue 2015: $10,696Expenses 2015: $6,878Net Income 2015: $3,8182015Revenue 2016: $20,524Expenses 2016: $21,875Net Income 2016: -$1,3512016Revenue 2017: $5,709Expenses 2017: $7,996Net Income 2017: -$2,2872017Revenue 2018: $22,227Expenses 2018: $20,300Net Income 2018: $1,9272018Revenue 2019: $14,555Expenses 2019: $15,997Net Income 2019: -$1,4422019Revenue 2020: $10,870Expenses 2020: $11,261Net Income 2020: -$3912020Revenue 2021: $12,715Expenses 2021: $25,552Net Income 2021: -$12,8372021Revenue 2022: $37,715Expenses 2022: $37,027Net Income 2022: $6882022Revenue 2023: $51,734Expenses 2023: $54,979Net Income 2023: -$3,2452023Revenue 2024: $80,524Expenses 2024: $80,511Net Income 2024: $132024Revenue 2025: $88,659Expenses 2025: $72,023Net Income 2025: $16,6362025

Highlighted filing

2019

Revenue$14,555
Expenses$15,997
Net Income-$1,442
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 3, 2019
Return Version
2018v3.0
Gross Receipts
$14,555
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

DescriptionGrantsExpenses
Preparatory Academy partnered with Tampa Homeschoolers to provide academic programs.$0$14,184
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn LangDirector; President & Treasurer-$0--
Christy BebeauDirector; Secretary & Program Administrator-$0--
Katherine GeorgeDirector-$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
2019-11-03
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Books Subscriptions Reference;420|Supplies;2658|Advertising;196|Bank charges;52|Conference;235|Business registration fees;131^Total;3692^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Payroll taxes;2^Total;2^

Raw XML Appendix201 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/BooksInCareOfDetail/USAddress/AddressLine2Txt0Apt 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Tampa
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Carolyn Lang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Christy Bebeau
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Katherine George
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director; Secretary & Program Administrator
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.preparatoryacademyinc.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Instructor partnerships with other schools
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IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
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IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Tampa Bay Times
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Books Subscriptions Reference;420|Supplies;2658|Advertising;196|Bank charges;52|Conference;235|Business registration fees;131^Total;3692^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Payroll taxes;2^Total;2^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Carolyn Lang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08132053941
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PREP
ReturnHeader/Filer/EIN0462687759
ReturnHeader/Filer/PhoneNum08135630907
ReturnHeader/Filer/USAddress/AddressLine1Txt017001 MELBA LN
ReturnHeader/Filer/USAddress/CityNm0LUTZ
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0335495618
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.164.20.238
ReturnHeader/ReturnTs02019-11-03T09:37:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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Filings