Overview
What is Academy Prep Foundation Inc?
Academy Prep Foundation Inc, based in Lakeland, Florida, is a nonprofit organization dedicated to enhancing educational programs in various educational facilities. They provide administrative assistance, coordinate fundraising activities, and manage investments to support three Academy Prep Centers in Tampa, St. Petersburg, and Lakeland. These centers offer scholarship-supported middle schools for inner-city children, providing not only rigorous academic instruction but also summer and evening classes for student enhancement and education. The foundation's mission aligns with the centers' goal of promoting the educational, social, and ethical development of middle school students. With a team of six employees, the foundation's primary role is to offer assistance and support to these centers.
Official website here: www.academyprep.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Academy Prep Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With a high score of 96%, the organization demonstrates effective governance through a fully independent board and robust financial oversight mechanisms, earning top points in key areas such as material diversion of assets and conflict of interest policies.
The foundation excels in its financial management, maintaining a low liabilities to assets ratio of just 0.72%, which indicates a strong financial position. Additionally, a significant program expense ratio of 84.73% shows that the majority of its resources are allocated toward its programs rather than administrative costs, effectively serving its mission.
Despite these strengths, the data does not indicate any specific limitations or areas for improvement. Overall, Academy Prep Foundation Inc appears to be a well-managed nonprofit dedicated to its cause, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Academy Prep Foundation Inc legitimate?
Academy Prep Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Prep Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,670
For more financial information, click here
Official website here: www.academyprep.org
What is the mission statement of Academy Prep Foundation Inc?
The Academy Prep Foundation Inc offers assistance and support to Academy Prep centers, aiming to promote the educational, social, and ethical development of middle school students through a rigorous academic program. The foundation provides services related to the development and enhancement of educational programs in educational facilities, as well as offering administrative assistance. It coordinates fundraising activities and manages investments, supporting Academy Prep centers in Tampa, St. Petersburg, and Lakeland. The foundation owns the land and improvements that house these educational facilities, which are scholarship-supported middle schools for inner-city children offering summer and evening classes for student enhancement and education.
Official website here: www.academyprep.org
Who is the CEO of Academy Prep Foundation Inc?
Terri Scarcelli Ea is the Chair of Academy Prep Foundation Inc.
Official website here: www.academyprep.org
What is the revenue of Academy Prep Foundation Inc?
Academy Prep Foundation Inc's revenue in 2023 was $5,822,433.
Official website here: www.academyprep.org
Who are the executives of Academy Prep Foundation Inc and what are their salaries?
The average compensation at Academy Prep Foundation Inc during 2023 was $44,633. There are 6 employees and 10 volunteers at Academy Prep Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $127,129
- Related: $90,723
- Other: $0
- Compensation: $95,652
- Related: $0
- Other: $0
Official website here: www.academyprep.org
Where can I find the form 990 for Academy Prep Foundation Inc?
Academy Prep Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.academyprep.org
Learn more at the official website: www.academyprep.org
Mission Statement of Academy Prep Foundation Inc
Academy Prep Foundation Inc is committed to aiding and supporting the Academy Prep centers in their mission to foster the educational, social, and ethical development of middle school students through a rigorous academic program. The foundation provides services related to the development and enhancement of educational programs in educational facilities, as well as offering administrative assistance. In addition, the Foundation coordinates fundraising activities and manages investments, including funds designated for the support of Academy Prep Center of Tampa, Academy Prep Center of St. Petersburg, and Academy Prep Center of Lakeland, commonly referred to as "The Schools." The foundation owns the land and improvements that house the educational facilities for these schools. These schools are scholarship-supported middle schools for inner-city children, offering summer and evening classes for student enhancement and education.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Academy Prep Foundation Inc's impact is centered around providing critical assistance and support to Academy Prep Centers in their mission to promote the educational, social, and ethical development of middle school students through a rigorous academic program. The foundation plays a vital role in the development and enhancement of educational programs at Academy Prep Centers in various locations. Additionally, it coordinates fundraising activities, manages investments, and owns the infrastructure where these educational facilities are housed.
Overall, the Foundation's support enables Academy Prep Centers to offer scholarship-supported middle school education to inner-city children, along with summer and evening classes for student enrichment. By facilitating access to quality education for underserved communities, Academy Prep Foundation Inc contributes significantly to the advancement and empowerment of students in their academic endeavors.
This information is meant to be a general summary of Academy Prep Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,153,391
- Gross Receipts: $13,766,916
Assets and Liabilities:
- Total Assets: $37,885,881
- Total Liabilities: $274,017
- Net Assets: $37,611,864
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(727) 322-0800Principal Officer
Terri Scarcelli Ea
Main Address
1021 LAKELAND HILLS BLVD, LAKELAND, FL, 33805
Website
www.academyprep.orgNTEE Category
Code: B20 - Education
If you are a representative of Academy Prep Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.