Civic Intelligence

Preparatory Academy Inc.

990EZ • Fiscal year 2024 • EIN 46-2687759

Jul 01, 2023 to Jun 30, 2024 • Filed on Aug 29, 2024

Organization Profilewww.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.

Liabilities / Assets

97th percentile

2.12x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

43rd percentile

0.0%

Higher net margin than 43% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$40,890

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 50.8% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

24th percentile

-20%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

56%

Faster revenue growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Flat

$13,493

Flat from 2024

Net Assets

-$15,112

No earlier filing loaded for comparison.

Liabilities

Flat

$28,605

Flat from 2024

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin43rd percentile

Revenue

Flat

$80,524

Flat from 2024

Expenses

Flat

$80,511

Flat from 2024

Net Income

Flat

$13

Flat from 2024

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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: $28,605Net Assets 2024: -$15,1122024Assets 2024: $13,493Liabilities 2024: $28,6052024Assets 2025: $21,259Liabilities 2025: $19,735Net Assets 2025: $1,5242025

Highlighted filing

2024

Assets$13,493
Liabilities$28,605
Net Assets-$15,112
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

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 2024: $80,524Expenses 2024: $80,511Net Income 2024: $132024Revenue 2025: $88,659Expenses 2025: $72,023Net Income 2025: $16,6362025

Highlighted filing

2024

Revenue$80,524
Expenses$80,511
Net Income$13
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 29, 2024
Return Version
2023v5.0
Gross Receipts
$80,524
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$53,522
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn LangDirector; President & TreasurerPT$24,000$16,890$40,890
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
2024-08-29
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Books Subscriptions References;363|Communications;310|Curriculum;12000|Field Events Expenses;3899|Supplies;12711|Advertising Website;465|Bank Paypal Charges;127|Staff Development;51|Interest Expense;2106|Business Registration Fees;481^Total;32513^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Prepaid Program Costs;12208^Total;12208^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Amex;440|Capital One;951|Prepaid Tuition;9070|SBA EIDL loan;18144^Total;28605^”

Raw XML Appendix152 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Charles George
IRS990EZ/BooksInCareOfDetail/PhoneNum08137284248
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt011308 Temperley Place
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Tampa
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0336254919
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt016962
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01285
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0331
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt013
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04698
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016962
IRS990EZ/Form990TotalAssetsGrp/EOYAmt013493
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt080524
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt018
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-15125
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-15112
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-15125
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-15112
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt024000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt016890
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Carolyn Lang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Christy Bebeau
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Katherine George
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director; President & Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director; Secretary & Program Administrator
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt012208
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt032513
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0A 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/PrintingPublicationsPostageAmt0461
IRS990EZ/ProgramServiceRevenueAmt080175
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Preparatory Academy partnered with Tampa Homeschoolers to provide academic programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt053522
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt042839
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt032087
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028605
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt080511
IRS990EZ/TotalProgramServiceExpensesAmt053522
IRS990EZ/TotalRevenueAmt080524
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.preparatoryacademyinc.org
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Published at all times on the homepage of our publicly available website at www.preparatoryacademyinc.org
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Books Subscriptions References;363|Communications;310|Curriculum;12000|Field Events Expenses;3899|Supplies;12711|Advertising Website;465|Bank Paypal Charges;127|Staff Development;51|Interest Expense;2106|Business Registration Fees;481^Total;32513^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Prepaid Program Costs;12208^Total;12208^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Amex;440|Capital One;951|Prepaid Tuition;9070|SBA EIDL loan;18144^Total;28605^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Carolyn Lang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08132053941
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-29
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-08-30T18:31:06-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,493
Liabilities
$28,605
Net assets
-$15,112
Revenue
$80,524
Expenses
$80,511
Net income
$13
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.3$19.7$1.52$88.7$72.0$16.6
2024Detailed filing. Detailed filing data is available for this year.$13.5$28.6$15.1$80.5$80.5$0.01
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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