Civic Intelligence

Academy Prep Foundation Inc.

990 • Fiscal year 2021 • EIN 59-3377240

Jun 01, 2020 to May 31, 2021 • Filed on Feb 08, 2022

Organization ProfileWWW.ACADEMYPREP.ORG

View Organization Page

1021 Lakeland Hills BlvdLakeland, FL 33805

(727) 322-0800

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

38th percentile

0.17x

Higher debt load relative to revenue than 38% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

82nd percentile

42%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$218,374

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

72nd percentile

34%

Faster revenue growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$28,411,468

Up $3,524,949 (+14%) from 2020

Net Assets

Up

$28,022,965

Up $3,462,044 (+14%) from 2020

Liabilities

Up

$388,503

Up $62,905 (+19%) from 2020

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin82nd percentile

Revenue

Up

$2,224,501

Up $568,506 (+34%) from 2020

Expenses

Up

$1,298,443

Up $290,750 (+29%) from 2020

Net Income

Up

$926,058

Up $277,756 (+43%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$60M$40M$20M$0Assets 2011: $8,479,507Liabilities 2011: $250,978Net Assets 2011: $8,228,5292011Assets 2012: $7,773,435Liabilities 2012: $250,155Net Assets 2012: $7,523,2802012Assets 2013: $8,171,607Liabilities 2013: $288,372Net Assets 2013: $7,883,2352013Assets 2014: $8,576,508Liabilities 2014: $323,417Net Assets 2014: $8,253,0912014Assets 2015: $9,760,520Liabilities 2015: $298,457Net Assets 2015: $9,462,0632015Assets 2016: $9,922,686Liabilities 2016: $300,838Net Assets 2016: $9,621,8482016Assets 2017: $12,218,600Liabilities 2017: $282,858Net Assets 2017: $11,935,7422017Assets 2018: $14,007,425Liabilities 2018: $284,346Net Assets 2018: $13,723,0792018Assets 2019: $14,581,267Liabilities 2019: $257,528Net Assets 2019: $14,323,7392019Assets 2020: $24,886,519Liabilities 2020: $325,598Net Assets 2020: $24,560,9212020Assets 2021: $28,411,468Liabilities 2021: $388,503Net Assets 2021: $28,022,9652021Assets 2022: $38,353,670Liabilities 2022: $263,473Net Assets 2022: $38,090,1972022Assets 2023: $37,885,881Liabilities 2023: $274,017Net Assets 2023: $37,611,8642023Assets 2024: $42,463,776Liabilities 2024: $307,642Net Assets 2024: $42,156,1342024Assets 2025: $44,294,139Liabilities 2025: $296,291Net Assets 2025: $43,997,8482025

Highlighted filing

2021

Assets$28,411,468
Liabilities$388,503
Net Assets$28,022,965
Open 2021 Filing

Operations Trend

Revenue Growth72nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $442,374Expenses 2011: $1,145,332Net Income 2011: -$702,9582011Expenses 2012: $833,6252012Expenses 2013: $742,4322013Revenue 2014: $718,596Expenses 2014: $471,437Net Income 2014: $247,1592014Revenue 2015: $2,034,946Expenses 2015: $512,921Net Income 2015: $1,522,0252015Revenue 2016: $968,247Expenses 2016: $607,748Net Income 2016: $360,4992016Revenue 2017: $2,568,142Expenses 2017: $598,597Net Income 2017: $1,969,5452017Revenue 2018: $2,354,324Expenses 2018: $694,428Net Income 2018: $1,659,8962018Revenue 2019: $1,915,063Expenses 2019: $1,283,891Net Income 2019: $631,1722019Revenue 2020: $1,655,995Expenses 2020: $1,007,693Net Income 2020: $648,3022020Revenue 2021: $2,224,501Expenses 2021: $1,298,443Net Income 2021: $926,0582021Revenue 2022: $446,861Expenses 2022: $1,095,665Net Income 2022: -$648,8042022Revenue 2023: $5,822,433Expenses 2023: $1,235,952Net Income 2023: $4,586,4812023Revenue 2024: $1,964,303Expenses 2024: $1,605,376Net Income 2024: $358,9272024Revenue 2025: $3,849,470Expenses 2025: $2,619,007Net Income 2025: $1,230,4632025

Highlighted filing

2021

Revenue$2,224,501
Expenses$1,298,443
Net Income$926,058
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Feb 8, 2022
Return Version
2020v4.2
Gross Receipts
$1,525,780
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,787,403$14,241,131▼ $546,272
Investments in Publicly Traded Securities$9,312,593$13,700,069▲ $4,387,476
Cash and Non-Interest-Bearing Accounts$577,632$377,060▼ $200,572
Pledges and Grants Receivable$185,808$93,208▼ $92,600
Total Assets$24,886,519$28,411,468▲ $3,524,949
Other Assets Total$23,083$0▼ $23,083
Liabilities
Mortgage Notes Payable Secured by Investment Property$314,900$250,000▼ $64,900
Other Liabilities$0$124,864▲ $124,864
Accounts Payable and Accrued Expenses$10,698$13,639▲ $2,941
Total Liabilities$325,598$388,503▲ $62,905
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,149,158$22,714,416▲ $2,565,258
Net Assets With Donor Restrictions$4,411,763$5,308,549▲ $896,786
Total Net Assets Fund Balance$24,560,921$28,022,965▲ $3,462,044
Total Liabilities and Net Assets / Fund Balance$24,886,519$28,411,468▲ $3,524,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,559,132$4,352,584$16,911,716
Land$1,680,773-$1,680,773
Equipment$1,226$10,662$11,888

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$8,258,543$1,861,917▲ $2,142,980-$12,263,440
2019$7,697,290$326,100▲ $432,097-$8,258,543
2018$7,426,612$461,900▲ $230,278-$7,697,290
2017$6,227,790$859,721▲ $498,001-$7,426,612
2016$4,984,518$1,005,815▲ $499,957-$6,227,790
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lincoln TamayoCOOPT$90,750$127,624$90,750
Terri ScarcelliCFOPT-$86,154$86,154

Board Members and Trustees

NameTitle
Tom SansoneChair
Chris BarrottTrustee
Elizabeth SemblerTrustee
Jeff FortuneTrustee
John Erik SavitskyTrustee
Oscar HortonTrustee
Patricia DouglasTrustee
Paul L Whiting SrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Modern Business AssociatesPeo/health Ins9455 KOGER BLVD N 200, St Petersburg, FL 33702$508,995
Revenue and Support

Revenue Composition

Contributions and Grants
$610,479
Program Service Revenue
$0
Investment Income
$1,612,361
Other Revenue
$1,661
All Other Contributions
$545,579
Change in Net Assets
$926,058

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,169,814
Revenue Not Reported on Financial Statements
$54,687
Revenue Not Reported on Form 990
$1,703,515
Total Revenue per Audited Statements
$3,873,329
Total Revenue per Form 990
$2,224,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$634,986
Grants and Similar Amounts Paid$572,707
Salaries, Compensation, and Employee Benefits$90,750
Total Fundraising Expense$787
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$572,707--$572,707
Depreciation Depletion$547,651--$547,651
Current Officers, Directors, Trustees, and Key Employees-$90,750-$90,750
Fees for Service Investment Mgmnt Fees$54,687--$54,687
Fees for Services Accounting-$18,000-$18,000
Other Expenses-$7,122$787$7,909
Travel-$4,271-$4,271
Office Expenses-$2,308-$2,308
Insurance-$160-$160
Total Functional Expenses$1,175,045$122,611$787$1,298,443

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,044,488
Total Expenses per Form 990$1,298,443
Expenses per Audited Statements$1,243,756
Expenses Not Reported on Form 990$800,732
Expenses Not Reported on Financial Statements$54,687
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Academy Prep Center of TampaTampa, FL3Operating Expenses and Graduate Support$224,950
Academy Prep Center of St PetersburgSt Petersburg, FL3Operating Expenses and Graduate Support$132,550
Academy Prep Center of LakelandLakeland, FL3Operating Expenses and Graduate Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$124,864
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, 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.”

Form 990, Part VI, Section B, Line 12C

“Trustees are asked to disclose any possible conflicts of interest and enforces the policy.”

Form 990, Part VI, Section B, Line 15

“The board approves all compensation and hiring.”

Form 990, Part VI, Section C, Line 19

“Printed governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Academy Prep Foundation Inc
EIN
59-3377240
Phone
7273220800
Address
1021 LAKELAND HILLS BLVD, LAKELAND, FL 33805

Signing Officer

Name
Terri Scarcelli Ea
Title
CFO
Phone
8639408900
Signed
2022-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Scarcelli Ea
Formed
1996
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
9
Volunteers
8

Preparer

Firm
Rivero Gordimer & Company Pa
Address
P O BOX 172359, TAMPA, FL 33672
Preparer
Sam a Lazzara
Phone
8138757774
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“Academy prep foundation, inc. Contracts with a professional employer organization(peo) for administration of the employees. Under this agreement, all employees of academy prep foundation, inc. Are in actuality leased from the peo. Due to this agreement, academy prep foundation, inc. Does not file form w-3 transmittal of wage and tax statements, but rather the peo will file form w-3 which would include the employees of academy prep foundation, inc. Leased personnel costs are broken down into components of salaries, payroll taxes, retirement, and other benefits and are reported on the appropriate schedules. For the year ended of may 31, 2021, academy prep foundation, inc. Utilized 9 employees through the peo.”

FORM 990, PART XI, LINE 9:

“Transfers from the schools to the foundation 1,568,100. Change in value of beneficial interest 317,477.”

Form 990, Part XII, Line 2C - Financial Statements and Reporting

“The organization has a commitee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This oversight process has not changed from the prior year.”

Financial Statement Notes

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. These amounts are reported on this return and on the individual school's returns.”

PART X, LINE 2:

“The foundation is not aware of any tax positions it has taken that are subject to a significant degree of uncertainty. Tax years after 2017 remain subject to examination by federal and state taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of beneficial interest 317,477.”

Raw XML AppendixShowing 400 of 677 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010698
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013639
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OFFER 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.
IRS990/AllOtherContributionsAmt0545579
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TERRI SCARCELLI EA
IRS990/BooksInCareOfDetail/PhoneNum08639408900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01021 LAKELAND HILLS BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAKELAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033805
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0577632
IRS990/CashNonInterestBearingGrp/EOYAmt0377060
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt090750
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt090750
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0508995
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt09455 KOGER BLVD N 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ST PETERSBURG
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd033702
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MODERN BUSINESS ASSOCIATES
IRS990/ContractorCompensationGrp/ServicesDesc0PEO/HEALTH INS
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0610479
IRS990/CYGrantsAndSimilarPaidAmt0572707
IRS990/CYInvestmentIncomeAmt01612361
IRS990/CYOtherExpensesAmt0634986
IRS990/CYOtherRevenueAmt01661
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0926058
IRS990/CYSalariesCompEmpBnftPaidAmt090750
IRS990/CYTotalExpensesAmt01298443
IRS990/CYTotalFundraisingExpenseAmt0787
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02224501
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0547651
IRS990/DepreciationDepletionGrp/TotalAmt0547651
IRS990/Desc0FOUNDATION PROVIDES SERVICES RELATED TO THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS TO EDUCATIONAL FACILITIES ALONG WITH OTHER ADMINISTRATIVE ASSISTANCE. FOUNDATION COORDINATES FUNDRAISING ACTIVITIES AND HOLDS INVESTMENTS, INCLUDING FUNDS THE BOARD DESIGNATED FOR THE SUPPORT OF ACADEMY PREP CENTER OF TAMPA, ACADEMY PREP CENTER OF ST. PETERSBURG AND ACADEMY PREP CENTER OF LAKELAND ("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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04411763
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt05308549
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01175045
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018000
IRS990/FeesForServicesAccountingGrp/TotalAmt018000
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt054687
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt054687
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt17.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt87.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt932.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM SANSONE
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL L WHITING SR
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS BARROTT
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA DOUGLAS
IRS990/Form990PartVIISectionAGrp/PersonNm4JEFF FORTUNE
IRS990/Form990PartVIISectionAGrp/PersonNm5OSCAR HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm6ELIZABETH SEMBLER
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN ERIK SAVITSKY
IRS990/Form990PartVIISectionAGrp/PersonNm8LINCOLN TAMAYO
IRS990/Form990PartVIISectionAGrp/PersonNm9TERRI SCARCELLI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt890750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8127624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt986154
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01325840
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt064900
IRS990/GrantAmt0572707
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0572707
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0572707
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0627119
IRS990/GrossReceiptsAmt01525780
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0160
IRS990/InsuranceGrp/TotalAmt0160
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0286521
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0286521
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09312593
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013700069
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04363246
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014787403
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014241131
IRS990/LandBldgEquipCostOrOtherBssAmt018604377
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0-698721
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OFFER 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0314900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0250000
IRS990/NetAssetsOrFundBalancesBOYAmt024560921
IRS990/NetAssetsOrFundBalancesEOYAmt028022965
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01325840
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01325840
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0650409
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020149158
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022714416
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02308
IRS990/OfficeExpensesGrp/TotalAmt02308
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt023083
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt01885577
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0787
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07122
IRS990/OtherExpensesGrp/TotalAmt07909
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0124864
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01661
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01661
IRS990/OtherRevenueTotalAmt01661
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0185808
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt093208
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TERRI SCARCELLI EA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0N/A
IRS990/ProgSrvcAccomActy3Grp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0996789
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0293441
IRS990/PYInvestmentIncomeAmt0642101
IRS990/PYOtherExpensesAmt0623424
IRS990/PYOtherRevenueAmt017105
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0648302
IRS990/PYSalariesCompEmpBnftPaidAmt090828
IRS990/PYTotalExpensesAmt01007693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01655995
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0926058
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION IS A SUPPORTING ORGANIZATION WHICH IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ONE OR MORE PUBLICALLY SUPPORTED ORGANIZATIONS. THE FOUNDATION SUPPORTS THREE SCHOOLS, ACADEMY PREP CENTER OF TAMPA, INC. (EIN 59,3622978), ACADEMY PREP CENTER OF ST. PETERSBURG, INC. (EIN 59-3623000) AND ACADEMY PREP CENTER OF LAKELAND, INC. (EIN 82-4257263). AN EVALUATION OF THE PUBLIC SUPPORT OF THE SCHOOLS SHOWS ALL THREE ORGANIZATIONS RECEIVE OVER 33.33% OF THEIR SUPPORT FROM THE PUBLIC. 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION IS A FUNDING SOURCE FOR THE SCHOOLS AND OWNS THE LAND AND IMPROVEMENTS THAT HOUSE THE EDUCATIONAL FACILITIES FOR THE SCHOOLS. THE FOUNDATION IS IN A POSITION OF INFLUENCE TO THE SCHOOLS, POTENTIALLY RESULTING IN OUTCOMES THAT COULD BE SIGNIFICANTLY DIFFERENT IF THESE ENTITIES WERE AUTONOMOUS. THE FOUNDATION'S INVESTMENTS AND SUPPORT ARE IMPORTANT FOR THE FUTURE OF THE SCHOOLS, HOWEVER, IF THE FOUNDATION DID NOT EXIST, THE SCHOOLS WOULD CARRY ON WITH THESE INVESTMENT ACTIVITIES INDIVIDUALLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt01005939
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0593622978
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1593623000
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2824257263
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd22
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0235346
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt1202597
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt2567996
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0224950
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1132550
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt210000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ACADEMY PREP CENTER OF TAMPA INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1ACADEMY PREP CENTER OF ST PETERSBURG INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2ACADEMY PREP CENTER OF LAKELAND INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0367500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.69000
IRS990ScheduleD/BuildingsGrp/BookValueAmt012559132
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04352584
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016911716
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt08258543
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01861917
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012263440
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02142980
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07697290
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0326100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08258543
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0196944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0432097
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt07426612
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0461900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07697290
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0421500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0230278
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06227790
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0859721
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07426612
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0158900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0498001
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04984518
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01005815
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06227790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0262500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0499957
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0800732
IRS990ScheduleD/DonatedServicesUseFcltsAmt0800732
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01226
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010662
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011888
IRS990ScheduleD/ExpensesNotReportedAmt0800732
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt054687
IRS990ScheduleD/ExpensesSubtotalAmt01243756
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt054687
IRS990ScheduleD/InvestmentExpensesNotIncldAmt054687
IRS990ScheduleD/LandGrp/BookValueAmt01680773
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01680773
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0585306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0124864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/OtherRevenueAmt0317477
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.28000
IRS990ScheduleD/RevenueNotReportedAmt01703515
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt054687
IRS990ScheduleD/RevenueSubtotalAmt02169814
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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. THESE AMOUNTS ARE REPORTED ON THIS RETURN AND ON THE INDIVIDUAL SCHOOL'S RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. TAX YEARS AFTER 2017 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN VALUE OF BENEFICIAL INTEREST 317,477.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.03000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,411,468
Liabilities
$388,503
Net assets
$28,022,965
Revenue
$2,224,501
Expenses
$1,298,443
Net income
$926,058
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.3$0.30$44.0$3.85$2.62$1.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.5$0.31$42.2$1.96$1.61$0.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.9$0.27$37.6$5.82$1.24$4.59
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.4$0.26$38.1$0.45$1.10$0.65
2021Detailed filing. Detailed filing data is available for this year.$28.4$0.39$28.0$2.22$1.30$0.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$0.33$24.6$1.66$1.01$0.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$0.26$14.3$1.92$1.28$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$0.28$13.7$2.35$0.69$1.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$0.28$11.9$2.57$0.60$1.97
2016Detailed filing. Detailed filing data is available for this year.$9.92$0.30$9.62$0.97$0.61$0.36
2015Detailed filing. Detailed filing data is available for this year.$9.76$0.30$9.46$2.03$0.51$1.52
2014Detailed filing. Detailed filing data is available for this year.$8.58$0.32$8.25$0.72$0.47$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$0.29$7.88$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.77$0.25$7.52$0.83
2011Summary only. Only limited summary data is available for this year.$8.48$0.25$8.23$0.44$1.15$0.70