2026-03-19T11:27:25-05:00 2025-05-31 593040705 RIVERO GORDIMER & COMPANY PA 201 N FRANKLIN ST SUITE 2200 TAMPA FL 33602 990 2024-06-01 593377240 ACADEMY PREP FOUNDATION INC ACAD 7273220800 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 TERRI SCARCELLI EA CFO 8639408900 2026-03-18 1 1 SAM A LAZZARA P01342929 8138757774 2024 2025-03-06 01:10:19Z TERRI SCARCELLI EA 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 4571731 0 X WWW.ACADEMYPREP.ORG X 1996 FL 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. 10 10 10 10 0 0 941592 975080 0 0 1022711 2874058 0 332 1964303 3849470 486791 1354718 0 0 601387 657613 0 0 61056 517198 606676 1605376 2619007 358927 1230463 42463776 44294139 307642 296291 42156134 43997848 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. 0 0 2128893 1354718 FOUNDATION 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. 2128893 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 10 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X TERRI SCARCELLI EA 8639408900 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 TOM SANSONE CHAIR 5.00 2.00 X X 0 0 0 PAUL L WHITING SR TREASURER 5.00 6.50 X X 0 0 0 JOHN ERIK SAVITSKY SECRETARY 5.00 X X 0 0 0 BRYANT JONES TRUSTEE 5.00 2.00 X 0 0 0 OSCAR HORTON TRUSTEE 5.00 X 0 0 0 SUSAN TOUCHTON TRUSTEE 5.00 2.00 X 0 0 0 CHRIS BARROTT TRUSTEE 5.00 2.00 X 0 0 0 NICK BARNETT TRUSTEE 5.00 2.50 X 0 0 0 DAVID VETTER TRUSTEE 5.00 5.00 X 0 0 0 ELIZABETH FOWLER TRUSTEE 5.00 2.00 X 0 0 0 LINCOLN TAMAYO COO 5.00 40.00 X 92242 147550 21544 TERRI SCARCELLI CFO 32.50 12.50 X 108851 0 8582 201093 147550 30126 1 0 1 0 ACCURATE EMPLOYER SOLUTIONS INC 14499 N DALE MABRY HWY 250 TAMPA FL 33618 HR/PAYROLL PROVIDER 458394 1 975080 975080 907564 907564 2688755 722261 1966494 1966494 1966494 OTHER INCOME 900099 332 332 332 3849470 2874390 0 0 1354718 1354718 284212 223579 60633 373401 373401 30000 11000 19000 92308 92308 15679 15679 6678 6678 389774 389774 MISCELLANEOUS 72237 71814 423 2619007 2128893 429058 61056 1454372 1146091 74782 0 18699819 5908095 13181498 12791724 27711640 30337738 41484 18586 42463776 44294139 57642 46291 250000 250000 307642 296291 X 36847641 38161471 5308493 5836377 42156134 43997848 42463776 44294139 X 1230463 266059 345192 X X 0 1 X 1 0 X X 3 ACADEMY PREP CENTER OF TAMPA INC 593622978 2 1 494228 310289 ACADEMY PREP CENTER OF ST PETERSBURG INC 593623000 2 1 610490 277540 ACADEMY PREP CENTER OF LAKELAND INC 824257263 2 1 250000 652939 3 1354718 1240768 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A THE 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 RECEIVED 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, DEBT, EQUITY FUNDS, AND A LIFE INSURANCE CONTRACT. 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. PART IV, SECTION E, LINE 2B THE 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28211140 361600 3106183 888430 30790493 23610559 1410500 3698175 508094 28211140 22040529 2627128 -323397 733701 22382299 12328543 10796296 -397747 686563 22040529 8258543 1861917 2208083 12328543 0.82000 0.14000 0.04000 1 0 1781089 1781089 16911716 5903505 11008211 7014 4590 2424 12791724 INVESTMENTS 30337738 F 30337738 X 4948962 266059 867367 58374 1191800 3757162 92308 92308 3849470 3468848 867367 74782 942149 2526699 92308 92308 2619007 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, EQUITY FUNDS, AND LIFE INSURANCE CONTRACT. 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 2021 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST 58,374. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 74,782. 0 ACADEMY PREP CENTER OF ST PETERSBURG 2301 22ND AVE SOUTH ST PETERSBURG FL 33712 593623000 501(C)(3) 610491 277540 OPERATING EXPENSES, RENT AND GRADUATE SUPPORT ACADEMY PREP CENTER OF TAMPA 1407 E COLUMBUS DRIVE TAMPA FL 33605 593622978 501(C)(3) 494228 310289 OPERATING EXPENSES, RENT AND GRADUATE SUPPORT ACADEMY PREP CENTER OF LAKELAND 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 824257263 501(C)(3) 250000 652939 OPERATING EXPENSES, RENT AND GRADUATE SUPPORT PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS ARE SUPPLIED TO RELATED ORGANIZATIONS FOR SUPPORT. X 0 0 0 0 0 0 0 0 0 LINCOLN TAMAYO COO 92242 147550 0 0 0 0 0 0 0 21544 92242 169094 0 0 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, 2025, ACADEMY PREP FOUNDATION, INC. UTILIZED 10 EMPLOYEES THROUGH THE PEO. 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. FORM 990, PART XI, LINE 9: TRANSFERS FROM THE SCHOOLS TO THE FOUNDATION 361,600. CHANGE IN VALUE OF BENEFICIAL INTEREST 58,374. BAD DEBT EXPENSE -74,782. ACADEMY PREP CENTER OF TAMPA INC 1407 E COLUMBUS DRIVE TAMPA FL 33605 593622978 EDUCATION FL 501(C)(3) LINE 2 N/A 0 ACADEMY PREP CENTER OF ST PETERSBURG INC 2301 22ND AVE SOUTH ST PETERSBURG FL 33712 593623000 EDUCATION FL 501(C)(3) LINE 2 N/A 0 ACADEMY PREP CENTER OF LAKELAND INC 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 824257263 EDUCATION FL 501(C)(3) LINE 2 N/A 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 ACADEMY PREP ST PETERSBURG B 610490 CASH ACADEMY PREP CENTER OF TAMPA B 494228 CASH DUE TO ACADEMY PREP CENTER OF ST PETERSBURG E 4198 CASH DUE FROM ACADEMY PREP CENTER OF TAMPA D 8066 CASH DUE FROM ACADEMY PREP CENTER OF LAKELAND D 7718 CASH ACADEMY PREP CENTER OF TAMPA J 185822 FAIR MARKET VALUE ACADEMY PREP CENTER OF ST PETERSBURG J 153073 FAIR MARKET VALUE ACADEMY PREP CENTER OF LAKELAND J 528472 FAIR MARKET VALUE ACADEMY PREP CENTER OF TAMPA O 124467 SHARING OF EMPLOYEES ACADEMY PREP CENTER OF ST PETERSBURG O 124467 SHARING OF EMPLOYEES ACADEMY PREP CENTER OF LAKELAND O 124467 SHARING OF EMPLOYEES ACADEMY PREP CENTER OF LAKELAND B 250000 CASH PART V, LINE 1N TRANSACTIONS WITH RELATED ORGANIZATIONS - THE ORGANIZATION SHARES EQUIPMENT AND OTHER ASSETS WITH ACADEMY PREP CENTER OF TAMPA, ACADEMY PREP CENTER OF ST. PETERSBURG, AND ACADEMY PREP CENTER OF LAKELAND. NONE OF THE ORGANIZATIONS ASSIGN A VALUE OF THESE TRANSACTIONS. PART V, LINE 10 - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES PAID EMPLOYEES WITH ACADEMY PREP CENTER OF LAKELAND, ACADEMY PREP CENTER OF ST. PETERSBURG, AND ACADEMY PREP CENTER OF TAMPA.