ACADEMY PREP FOUNDATION INC

EIN: 593377240 501(c)(3) Education

LAKELAND, FL

Total Revenue
$3,849,470
Total Expenses
$2,619,007
Total Assets
$44,294,139
Net Assets
$43,997,848
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
TERRI SCARCELLI EA
Phone
7273220800
Tax Period
2024-06-01 to 2025-05-31

ACADEMY PREP FOUNDATION INC, founded in 1996, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 32% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $975,080
Program Service Revenue $0
Investment Income $2,874,058
Other Revenue $332
TOTAL REVENUE $3,849,470

Expense Breakdown

Grants Paid $1,354,718
Salaries & Benefits $657,613
Fundraising Expenses $61,056
Program Expenses $2,128,893
Other Expenses $606,676
TOTAL EXPENSES $2,619,007

Year-over-Year Comparison

2024 2023 Change
Revenue $3,849,470 $1,964,303 +1.0%
Expenses $2,619,007 $1,605,376 +0.6%
Net Income $1,230,463 $358,927 +2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$378,769
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM SANSONE CHAIR 5.00
Officer Director
$0 $0 $0
PAUL L WHITING SR TREASURER 5.00
Officer Director
$0 $0 $0
JOHN ERIK SAVITSKY SECRETARY 5.00
Officer Director
$0 $0 $0
BRYANT JONES TRUSTEE 5.00
Director
$0 $0 $0
OSCAR HORTON TRUSTEE 5.00
Director
$0 $0 $0
SUSAN TOUCHTON TRUSTEE 5.00
Director
$0 $0 $0
CHRIS BARROTT TRUSTEE 5.00
Director
$0 $0 $0
NICK BARNETT TRUSTEE 5.00
Director
$0 $0 $0
DAVID VETTER TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH FOWLER TRUSTEE 5.00
Director
$0 $0 $0
LINCOLN TAMAYO COO 5.00
Officer
$92,242 $21,544 $261,336
TERRI SCARCELLI CFO 32.50
Officer
$108,851 $8,582 $117,433
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,849,470 $2,619,007 $44,294,139 $1,230,463
2024 $1,964,303 $1,605,376 $42,463,776 $358,927
2023 $5,822,433 $1,235,952 $37,885,881 $4,586,481
2022 $446,861 $1,095,665 $38,353,670 $-648,804
2021 $2,224,501 $1,298,443 $28,411,468 $926,058
2020 $1,655,995 $1,007,693 $24,886,519 $648,302
2019 $1,915,063 $1,283,891 $14,581,267 $631,172
2018 $2,354,324 $694,428 $14,007,425 $1,659,896
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