Civic Intelligence

Pinellas Preparatory Academy Inc.

990 • Fiscal year 2020 • EIN 91-2104700

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 12, 2021

2300 South Belcher RoadLargo, FL 33771-4010

(727) 536-3600

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

2.77x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

27th percentile

-3.1%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

18th percentile

-2.4%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

0.9%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$21,082,468

Down $525,346 (-2.4%) from 2019

Net Assets

Down

$2,582,350

Down $209,205 (-7.5%) from 2019

Liabilities

Down

$18,500,118

Down $316,141 (-1.7%) from 2019

Revenue

Up

$6,671,485

Up $59,677 (+0.9%) from 2019

Expenses

Up

$6,880,690

Up $656,808 (+11%) from 2019

Net Income

Down

-$209,205

Down $597,131 (-154%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $8,895,777Liabilities 2011: $8,266,812Net Assets 2011: $628,9652011Assets 2012: $9,319,335Liabilities 2012: $8,770,886Net Assets 2012: $548,4492012Assets 2013: $9,569,578Liabilities 2013: $8,880,815Net Assets 2013: $688,7632013Assets 2014: $10,059,460Liabilities 2014: $9,027,855Net Assets 2014: $1,031,6052014Assets 2015: $10,303,085Liabilities 2015: $9,004,751Net Assets 2015: $1,298,3342015Assets 2016: $10,286,488Liabilities 2016: $8,887,524Net Assets 2016: $1,398,9642016Assets 2017: $10,386,754Liabilities 2017: $8,904,687Net Assets 2017: $1,482,0672017Assets 2018: $11,285,396Liabilities 2018: $8,881,767Net Assets 2018: $2,403,6292018Assets 2019: $21,607,814Liabilities 2019: $18,816,259Net Assets 2019: $2,791,5552019Assets 2020: $21,082,468Liabilities 2020: $18,500,118Net Assets 2020: $2,582,3502020Assets 2021: $20,188,030Liabilities 2021: $17,508,825Net Assets 2021: $2,679,2052021Assets 2022: $12,943,411Liabilities 2022: $11,011,396Net Assets 2022: $1,932,0152022Assets 2023: $11,857,465Liabilities 2023: $9,238,197Net Assets 2023: $2,619,2682023Assets 2024: $13,458,615Liabilities 2024: $8,982,437Net Assets 2024: $4,476,1782024Assets 2025: $13,722,913Liabilities 2025: $9,082,476Net Assets 2025: $4,640,4372025

Highlighted filing

2020

Assets$21,082,468
Liabilities$18,500,118
Net Assets$2,582,350

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,778,318Expenses 2011: $2,694,046Net Income 2011: $84,2722011Revenue 2012: $4,625,822Expenses 2012: $4,706,338Net Income 2012: -$80,5162012Revenue 2013: $5,072,644Expenses 2013: $4,932,330Net Income 2013: $140,3142013Revenue 2014: $5,768,049Expenses 2014: $5,452,207Net Income 2014: $315,8422014Revenue 2015: $5,809,253Expenses 2015: $5,542,524Net Income 2015: $266,7292015Revenue 2016: $5,812,032Expenses 2016: $5,711,402Net Income 2016: $100,6302016Revenue 2017: $6,037,812Expenses 2017: $5,954,709Net Income 2017: $83,1032017Revenue 2018: $6,819,614Expenses 2018: $5,898,052Net Income 2018: $921,5622018Revenue 2019: $6,611,808Expenses 2019: $6,223,882Net Income 2019: $387,9262019Revenue 2020: $6,671,485Expenses 2020: $6,880,690Net Income 2020: -$209,2052020Revenue 2021: $7,401,054Expenses 2021: $7,051,241Net Income 2021: $349,8132021Revenue 2022: $8,246,883Expenses 2022: $8,428,805Net Income 2022: -$181,9222022Revenue 2023: $9,349,132Expenses 2023: $8,661,879Net Income 2023: $687,2532023Revenue 2024: $11,115,729Expenses 2024: $9,258,819Net Income 2024: $1,856,9102024Revenue 2025: $9,410,949Expenses 2025: $9,212,775Net Income 2025: $198,1742025

Highlighted filing

2020

Revenue$6,671,485
Expenses$6,880,690
Net Income-$209,205
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 12, 2021
Return Version
2019v5.0
Gross Receipts
$6,671,485
Mission and Program Overview

Mission

To provide a creative and positive environment for emotionally mature children. Our excellent faculty shares with parents and the community the responsibility to prepare each child for secondary school and beyond.

Pinellas preparatory academy, inc. Strives to provide a creative and positive environment for emotionally mature children. Our excellent faculty shares with parents and the community the responsibility to prepare each

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,836,482$10,536,616▼ $299,866
Land, Buildings, and Equipment, Net$7,175,570$7,062,642▼ $112,928
Cash and Non-Interest-Bearing Accounts$2,860,896$3,374,884▲ $513,988
Intangible Assets$641,452--
Prepaid Expenses and Deferred Charges$64,112$108,326▲ $44,214
Accounts Receivable$29,302--
Total Assets$21,607,814$21,082,468▼ $525,346
Liabilities
Other Liabilities$18,446,130--
Tax Exempt Bond Liabilities-$17,315,946-
Unsecured Notes Loans Payable-$757,000-
Accounts Payable and Accrued Expenses$370,129$427,172▲ $57,043
Total Liabilities$18,816,259$18,500,118▼ $316,141
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,836,482--
Net Assets Without Donor Restrictions$-8,044,927$2,582,350▲ $10,627,277
Total Net Assets Fund Balance$2,791,555$2,582,350▼ $209,205
Total Liabilities and Net Assets / Fund Balance$21,607,814$21,082,468▼ $525,346

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,186,496-$2,186,496
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott CraverChairperson
William DelgadoDirector, Li
John FossMember at La
Mia CloudMember at La
Theresa JacobowitzSecretary
Nathan WeatheriltTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$115,702
Program Service Revenue
$6,298,118
Investment Income
$257,665
Other Revenue
$0
Change in Net Assets
$-209,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,174,184
Other Expenses$2,706,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,142,951$469,636-$3,612,587
Interest$1,101,310--$1,101,310
Other Employee Benefits$466,126$95,471-$561,597
Depreciation Depletion$354,706--$354,706
Occupancy$169,021$10,789-$179,810
Insurance$69,844$14,305-$84,149
Other Expenses$62,929$4,017-$66,946
Travel$197--$197
Total Functional Expenses$6,231,308$649,382$0$6,880,690
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
A2011 Educational Facility Bonds2011-10-01$8,670,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee reviews and approves a draft copy of the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 15A

Authorizing school district publishes a salary range for administrators. Principal's salaries are determined based on the range.

Form 990, Page 6, Part VI, Line 15B

Board officers are not compensated. Other employee compensation is based on the district school board salary ranges.

Form 990, Page 6, Part VI, Line 19

Available on the school's website.

Filing and Contact Details

Filer

Filer Name
Pinellas Preparatory Academy Inc
EIN
91-2104700
Phone
7275363600
Address
2300 SOUTH BELCHER ROAD, LARGO, FL 33771-4010

Signing Officer

Name
Scott Craver
Title
Chairperson
Phone
7275363600
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Matsumoto
Voting Board Members
7
Independent Board Members
7
Employees
110

Preparer

Firm
Grennan Fender Hess Poparad Llp
Address
1000 LEGION PL STE 701, ORLANDO, FL 32801
Preparer
Mike Hess CPA
Phone
4078964931
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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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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02011-10-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt08670000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt02011 EDUCATIONAL FACILITY BONDS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0REGIONS BANK
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS AND APPROVES A DRAFT COPY OF THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AUTHORIZING SCHOOL DISTRICT PUBLISHES A SALARY RANGE FOR ADMINISTRATORS. PRINCIPAL'S SALARIES ARE DETERMINED BASED ON THE RANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OFFICERS ARE NOT COMPENSATED. OTHER EMPLOYEE COMPENSATION IS BASED ON THE DISTRICT SCHOOL BOARD SALARY RANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt017315946
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021607814
IRS990/TotalAssetsEOYAmt021082468
IRS990/TotalAssetsGrp/BOYAmt021607814
IRS990/TotalAssetsGrp/EOYAmt021082468
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0115702
IRS990/TotalEmployeeCnt0110
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0649382
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06231308
IRS990/TotalFunctionalExpensesGrp/TotalAmt06880690
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018816259
IRS990/TotalLiabilitiesEOYAmt018500118
IRS990/TotalLiabilitiesGrp/BOYAmt018816259
IRS990/TotalLiabilitiesGrp/EOYAmt018500118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02791555
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02582350
IRS990/TotalProgramServiceExpensesAmt06231308
IRS990/TotalProgramServiceRevenueAmt06298118
IRS990/TotalRevenueGrp/ExclusionAmt06555783
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06671485
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021607814
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021082468
IRS990/TravelGrp/ProgramServicesAmt0197
IRS990/TravelGrp/TotalAmt0197
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0757000
IRS990/USAddress/AddressLine1Txt02300 SOUTH BELCHER ROAD
IRS990/USAddress/CityNm0LARGO
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd0337714010
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.PINELLASPREP.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT CRAVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum07275363600
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PINELLAS PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PINE
ReturnHeader/Filer/EIN0912104700
ReturnHeader/Filer/PhoneNum07275363600
ReturnHeader/Filer/USAddress/AddressLine1Txt02300 SOUTH BELCHER ROAD
ReturnHeader/Filer/USAddress/CityNm0LARGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0337714010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461685270
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRENNAN FENDER HESS POPARAD LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 LEGION PL STE 701
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032801
ReturnHeader/PreparerPersonGrp/PhoneNum04078964931
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE HESS CPA
ReturnHeader/ReturnTs02021-02-12T08:30:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$9.08$4.64$9.41$9.21$0.20
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$8.98$4.48$11.1$9.26$1.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$9.24$2.62$9.35$8.66$0.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$11.0$1.93$8.25$8.43$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$17.5$2.68$7.40$7.05$0.35
2020Detailed filing. Detailed filing data is available for this year.$21.1$18.5$2.58$6.67$6.88$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$18.8$2.79$6.61$6.22$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$8.88$2.40$6.82$5.90$0.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$8.90$1.48$6.04$5.95$0.08
2016Detailed filing. Detailed filing data is available for this year.$10.3$8.89$1.40$5.81$5.71$0.10
2015Detailed filing. Detailed filing data is available for this year.$10.3$9.00$1.30$5.81$5.54$0.27
2014Summary only. Only limited summary data is available for this year.$10.1$9.03$1.03$5.77$5.45$0.32
2013Summary only. Only limited summary data is available for this year.$9.57$8.88$0.69$5.07$4.93$0.14
2012Summary only. Only limited summary data is available for this year.$9.32$8.77$0.55$4.63$4.71$0.08
2011Summary only. Only limited summary data is available for this year.$8.90$8.27$0.63$2.78$2.69$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits