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Academy Prep Center Of Lakeland Inc

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

EIN: 824257263 ✦ Lakeland, FL ✦ Designated as a 501(c)(3)

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Overview

What is Academy Prep Center Of Lakeland Inc?

Academy Prep Center of Lakeland Inc is a nonprofit organization committed to inspiring and empowering students who meet the criteria for need-based scholarships. Their mission is to nurture these students into becoming future community leaders. They accomplish this through a rigorous middle school program, alongside continuous graduate support. The organization's goal is to provide these students with the necessary tools and guidance to make a significant impact in their communities. The nonprofit operates with a clear vision to uplift its scholars, offering them a solid foundation for their future endeavors.


Official website here: www.academyprep.org/lakeland

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)

Academy Prep Center of Lakeland Inc has received an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization demonstrates exceptional management practices, with a perfect score for its independent board governance and comprehensive financial oversight. This rating reflects the charity's commitment to transparency and responsible financial stewardship.

The nonprofit excels in its financial ratios, achieving high scores in program expense ratio and fundraising efficiency, which shows that a significant portion of its resources is dedicated to its programs rather than administrative costs. Additionally, there are no reported issues such as material diversion of assets or loans to officers, which further enhances its credibility and trustworthiness.

On the cultural front, the organization achieved a perfect score, highlighting its proactive approach to feedback collection and usage. This indicates strong community engagement and responsiveness to stakeholder input, showcasing a commitment to continuous improvement and effectiveness in meeting the needs of its community. Overall, Academy Prep Center of Lakeland Inc is recognized for its strong governance, effective use of resources, and positive community impact.


This AI summary has been generated from information found on Charity Navigator.

Is Academy Prep Center Of Lakeland Inc legitimate?

Academy Prep Center Of Lakeland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Prep Center Of Lakeland 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: $90,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,579,296

For more financial information, click here


Official website here: www.academyprep.org/lakeland

What is the mission statement of Academy Prep Center Of Lakeland Inc?

The Academy Prep Center of Lakeland Inc's mission is centered around inspiring and empowering students who qualify for need-based scholarships. Their goal is to prepare these students to emerge as future community leaders. This is achieved through a rigorous middle school program, complemented by ongoing graduate support. The center aims to equip these students with the necessary skills and resources to make substantial contributions to their communities.


Official website here: www.academyprep.org/lakeland

Who is the CEO of Academy Prep Center Of Lakeland Inc?

Terri Scarcelli Ea is the Chair of Academy Prep Center Of Lakeland Inc.


Official website here: www.academyprep.org/lakeland

What is the revenue of Academy Prep Center Of Lakeland Inc?

Academy Prep Center Of Lakeland Inc's revenue in 2023 was $3,406,742.


Official website here: www.academyprep.org/lakeland

Who are the executives of Academy Prep Center Of Lakeland Inc and what are their salaries?

There 135 volunteers at Academy Prep Center Of Lakeland Inc.


Here are 11 key members and their salaries:


Nick Barnett (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natali Reyes (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Vass (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Fancelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Walsh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianne Parsons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Rodda (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mitchell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul L Whiting Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lincoln Tamayo (Head Of School)
  • Compensation: $90,723
  • Related: $127,129
  • Other: $0
Terri Scarcelli (Cfo)
  • Compensation: $0
  • Related: $95,652
  • Other: $0


Official website here: www.academyprep.org/lakeland

Where can I find the form 990 for Academy Prep Center Of Lakeland Inc?

Academy Prep Center Of Lakeland Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.academyprep.org/lakeland

Learn more at the official website: www.academyprep.org/lakeland

Mission Statement of Academy Prep Center Of Lakeland Inc

Academy Prep Center of Lakeland Inc is dedicated to inspiring and empowering students who qualify for need-based scholarships, transforming them into future community leaders. The organization achieves this by providing a rigorous middle school program, complemented by ongoing graduate support. This approach equips students with the necessary skills and confidence to contribute positively to their communities once they graduate. The mission of Academy Prep Center of Lakeland Inc is to nurture and cultivate future leaders amongst its students, ensuring they have the tools and resources to make a significant impact in their communities.

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Impact




July, 2024

Academy Prep Center Of Lakeland Inc's impact lies in inspiring and empowering students qualifying for need-based scholarships to become future community leaders through a rigorous middle school program coupled with ongoing graduate support. By providing these students with the education and support they need, Academy Prep Center Of Lakeland Inc is making a significant contribution to shaping the next generation of leaders in the community.




This information is meant to be a general summary of Academy Prep Center Of Lakeland 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.

Revenue
$3,406,742 (2023)
Expenses
$3,017,725 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $795,419
  • Gross Receipts: $3,413,744

Assets and Liabilities:

  • Total Assets: $1,234,942
  • Total Liabilities: $134,065
  • Net Assets: $1,100,877

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION - SCHOLARSHIP

Revenue

$760,966

ACTIVITY FEE

Revenue

$23,293

Organization Details

Founding Year

2018

Principal Officer

Terri Scarcelli Ea

Main Address

1021 LAKELAND HILLS BOULEVARD, LAKELAND, FL, 33805

NTEE Category

Code: B25 - Education

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