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Academy Prep Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593377240 ✦ Lakeland, FL ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Lincoln Tamayo (Coo)
  • Compensation: $127,129
  • Related: $90,723
  • Other: $0

    • Terri Scarcelli (Cfo)
  • Compensation: $95,652
  • Related: $0
  • Other: $0

    • Tom Sansone (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul L Whiting Sr (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Erik Savitsky (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Douglas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryant Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Oscar Horton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Touchton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Barrott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Barnett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.academyprep.org

    Where can I find the form 990 for Academy Prep Foundation Inc?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • Program Service Revenue: $0
  • Gross Receipts: $13,766,916

    • Assets and Liabilities:
  • Total Assets: $37,885,881
  • Total Liabilities: $274,017
  • Net Assets: $37,611,864
  • Organization Details

    Founding Year

    1996

    Principal Officer

    Terri Scarcelli Ea

    Main Address

    1021 LAKELAND HILLS BLVD, LAKELAND, FL, 33805

    NTEE 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.