ACADEMY PREP CENTER OF ST PETERSBURG

EIN: 593623000 501(c)(3) Education

ST PETERSBURG, FL

Total Revenue
$3,076,842
Total Expenses
$3,473,789
Total Assets
$20,343,523
Net Assets
$20,249,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
TERRI SCARCELLI EA
Phone
8639408900
Tax Period
2024-06-01 to 2025-05-31

ACADEMY PREP CENTER OF ST PETERSBURG, founded in 1996, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO INSPIRE AND EMPOWER STUDENTS QUALIFYING FOR NEED-BASED SCHOLARSHIPS TO BECOME FUTURE COMMUNITY LEADERS THROUGH A RIGOROUS MIDDLE SCHOOL PROGRAM COUPLED WITH ONGOING GRADUATE SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $2,727,076 Revenue: $1,011,815

ACADEMY PREP CENTER OF ST. PETERSBURG IS A PRIVATE, NONPROFIT MIDDLE SCHOOL SERVING STUDENTS WHO QUALIFY FOR NEED-BASED SCHOLARSHIPS IN ST. PETERSBURG, FLORIDA. THE SCHOOL PROVIDES A CHALLENGING AND...

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ACADEMY PREP CENTER OF ST. PETERSBURG IS A PRIVATE, NONPROFIT MIDDLE SCHOOL SERVING STUDENTS WHO QUALIFY FOR NEED-BASED SCHOLARSHIPS IN ST. PETERSBURG, FLORIDA. THE SCHOOL PROVIDES A CHALLENGING AND SUPPORTIVE COLLEGE-PREPARATORY EDUCATIONAL PROGRAM DESIGNED TO BUILD ACADEMIC SKILLS, CHARACTER, AND CONFIDENCE DURING THE CRITICAL MIDDLE SCHOOL YEARS. ALL STUDENTS ATTEND TUITION-FREE AND RECEIVE INDIVIDUALIZED SUPPORT WITHIN SMALL, GENDER-SEPARATED CLASSES. (CONTINUED ON SCHEDULE O)ACADEMY PREP OPERATES AN EXTENDED-DAY, EXTENDED-WEEK, AND EXTENDED-YEAR ACADEMIC MODEL. STUDENTS ATTEND SCHOOL UP TO 10 TO 11 HOURS PER DAY, MANDATORY SATURDAY FIELD TRIPS, AND A STANDARD SUMMER SESSION EACH YEAR OF THEIR ENROLLMENT. CORE ACADEMIC INSTRUCTION IN ENGLISH, MATHEMATICS, HISTORY, AND SCIENCE IS COMPLEMENTED BY REQUIRED WEEKLY COURSES IN ART, MUSIC, AND PHYSICAL EDUCATION. THE GOAL IS TO LIMIT CLASS SIZES TO NO MORE THAN 20 STUDENTS TO ENSURE PERSONALIZED INSTRUCTION AND STRONG STUDENT-TEACHER RELATIONSHIPS.EACH DAY, STUDENTS PARTICIPATE IN STRUCTURED ENRICHMENT PROGRAMMING THAT SUPPORTS WELL-ROUNDED DEVELOPMENT AND EXPOSURE TO NEW INTERESTS. MORE THAN 20 UNIQUE ENRICHMENT ACTIVITIES ARE OFFERED ANNUALLY, INCLUDING VISUAL AND PERFORMING ARTS, ATHLETICS, LEADERSHIP ADVANCEMENT, STEM-BASED ACTIVITIES, AND LIFE SKILLS. WEEKEND PROGRAMMING INCLUDES EDUCATIONAL FIELD EXPERIENCES SUCH AS NATURE EXPLORATION, MUSEUM VISITS, AND COMMUNITY SERVICE OPPORTUNITIES.FAMILY ENGAGEMENT AND COMMUNITY PARTNERSHIPS ARE INTEGRAL TO THE ACADEMY PREP MODEL. FAMILIES ARE REQUIRED TO COMPLETE 40 HOURS OF ENGAGEMENT ANNUALLY, REINFORCING SHARED ACCOUNTABILITY FOR STUDENT SUCCESS. COMMUNITY PARTNERS PROVIDE ENRICHMENT PROGRAMMING AND SERVE AS POSITIVE ROLE MODELS, CONNECTING STUDENTS TO THE BROADER TAMPA BAY COMMUNITY.ACADEMY PREP STUDENTS DEMONSTRATE MEASURABLE ACADEMIC GROWTH DURING THEIR MIDDLE SCHOOL YEARS. WHILE MANY STUDENTS ENTER BELOW OR AT GRADE LEVEL IN READING AND MATHEMATICS, BY GRADUATION MOST STUDENTS PERFORM AT OR ABOVE GRADE LEVEL ON NATIONALLY NORMED ASSESSMENTS. SINCE ITS FOUNDING, 98 PERCENT OF ACADEMY PREP CENTER OF ST. PETERSBURG GRADUATES HAVE GRADUATED FROM HIGH SCHOOL ON TIME. APPROXIMATELY 85 PERCENT OF GRADUATES HAVE ENROLLED IN POST-SECONDARY EDUCATION OR SERVED IN THE UNITED STATES ARMED FORCES.

Program 2
Expenses: $131,516

GRADUATE SUPPORT SERVICES PROVIDES ACADEMIC GUIDANCE, ADVISING, AND FINANCIAL SUPPORT TO ACADEMY PREP STUDENTS AND ALUMNI AS THEY TRANSITION FROM MIDDLE SCHOOL THROUGH HIGH SCHOOL AND INTO...

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GRADUATE SUPPORT SERVICES PROVIDES ACADEMIC GUIDANCE, ADVISING, AND FINANCIAL SUPPORT TO ACADEMY PREP STUDENTS AND ALUMNI AS THEY TRANSITION FROM MIDDLE SCHOOL THROUGH HIGH SCHOOL AND INTO POST-SECONDARY EDUCATION OR SERVICE. THIS LONG-TERM SUPPORT MODEL IS DESIGNED TO PROMOTE PERSISTENCE, INFORMED DECISION-MAKING, AND SUCCESSFUL OUTCOMES AT EACH STAGE OF A STUDENT'S EDUCATIONAL JOURNEY.(CONTINUED ON SCHEDULE O)BEGINNING IN MIDDLE SCHOOL, STUDENTS RECEIVE COUNSELING FOCUSED ON ACADEMIC PLANNING, GOAL SETTING, POSITIVE LIFE CHOICES, AND PREPARATION FOR THE HIGH SCHOOL APPLICATION PROCESS. PRIOR TO GRADUATION FROM ACADEMY PREP, EACH STUDENT DEVELOPS INDIVIDUALIZED EDUCATIONAL AND CAREER GOALS AND IS MATCHED WITH A HIGH SCHOOL THAT BEST ALIGNS WITH THEIR ACADEMIC PROFILE AND PERSONAL NEEDS. THESE PLACEMENTS INCLUDE LOCAL PRIVATE PREPARATORY SCHOOLS, PUBLIC MAGNET AND INTERNATIONAL BACCALAUREATE PROGRAMS, AND BOARDING SCHOOLS. GRADUATE SUPPORT STAFF GUIDE FAMILIES THROUGH APPLICATIONS AND ASSIST IN SECURING APPROPRIATE FINANCIAL AID.GRADUATE SUPPORT PLACES PARTICULAR EMPHASIS ON SEVENTH- AND EIGHTH-GRADE PROGRAMMING, INCLUDING A WEEKLY LIFE SKILLS COURSE FOR EIGHTH-GRADE STUDENTS. THIS COURSE PROVIDES INSTRUCTION IN INTERVIEWING SKILLS, PROFESSIONAL COMMUNICATION, TIME MANAGEMENT, LEADERSHIP DEVELOPMENT, AND SOCIAL ETIQUETTE TO SUPPORT READINESS FOR MORE INDEPENDENT ACADEMIC ENVIRONMENTS.FOLLOWING MIDDLE SCHOOL GRADUATION, GRADUATE SUPPORT STAFF CLOSELY MONITOR ALUMNI PROGRESS THROUGHOUT HIGH SCHOOL AND PURSUE COMMUNICATION BEYOND GRADUATION. SERVICES INCLUDE REGULAR ACADEMIC CHECK-INS, COUNSELING SUPPORT, SCHOOL VISITS, AND ASSISTANCE ADDRESSING ACADEMIC, FINANCIAL, OR PERSONAL CHALLENGES THAT MAY AFFECT PERSISTENCE. STAFF MEMBERS VISIT GRADUATES ENROLLED IN LOCAL AND BOARDING SCHOOLS AND MAINTAIN RELATIONSHIPS WITH STUDENTS THROUGH ATTENDANCE AT ACADEMIC, EXTRACURRICULAR, AND MILESTONE EVENTS. THIS SUSTAINED ENGAGEMENT HELPS ENSURE SUCCESSFUL TRANSITIONS, ON-TIME HIGH SCHOOL GRADUATION, AND ENCOURAGES POST-SECONDARY MATRICULATION.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,065,027
Program Service Revenue $992,046
Investment Income $0
Other Revenue $19,769
TOTAL REVENUE $3,076,842

Expense Breakdown

Grants Paid $51,179
Salaries & Benefits $2,394,313
Fundraising Expenses $357,677
Program Expenses $2,858,592
Other Expenses $1,028,297
TOTAL EXPENSES $3,473,789

Year-over-Year Comparison

2024 2023 Change
Revenue $3,076,842 $3,818,570 -0.2%
Expenses $3,473,789 $3,158,145 +0.1%
Net Income $-396,947 $660,425 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
47
Volunteers
181

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
3
$290,913
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID VETTER CHAIR 5.00
Officer Director
$0 $0 $0
TIM BOGOTT TRUSTEE 2.00
Director
$0 $0 $0
JOE BOURDOW TRUSTEE 2.00
Director
$0 $0 $0
VINCENT CAMPAGNOLI TRUSTEE 2.00
Director
$0 $0 $0
CHRISTINE HANNER TRUSTEE 2.00
Director
$0 $0 $0
BETH ENGLAND TRUSTEE 2.00
Director
$0 $0 $0
PAMELA GREACEN TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY JACKSON TRUSTEE 2.00
Director
$0 $0 $0
BONNIE STRICKLAND TRUSTEE 2.00
Director
$0 $0 $0
ANNICA KEELER TRUSTEE 2.00
Director
$0 $0 $0
LINDA MARCELLI TRUSTEE 2.00
Director
$0 $0 $0
TOM SANSONE TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH SEMBLER TRUSTEE 2.00
Director
$0 $0 $0
ALEX SHOUPPE TRUSTEE 2.00
Director
$0 $0 $0
BERNICE SMOOT TRUSTEE 2.00
Director
$0 $0 $0
BRIAN STAMEY TRUSTEE 2.00
Director
$0 $0 $0
CHUCK STAMEY TRUSTEE 2.00
Director
$0 $0 $0
PAUL WHITING TRUSTEE 2.00
Director
$0 $0 $0
BRYANT JONES TRUSTEE 2.00
Director
$0 $0 $0
SALLY WILLIS TRUSTEE 2.00
Director
$0 $0 $0
CHRISTINA NOORDSTAR TRUSTEE 2.00
Director
$0 $0 $0
KANIKA TOMALIN TRUSTEE 2.00
Director
$0 $0 $0
CHRIS BARROTT TRUSTEE 2.00
Director
$0 $0 $0
GINA BURKETT HEAD OF SCHOOL 45.00
Officer
$164,898 $8,582 $173,480
TERRI SCARCELLI CFO 5.00
Officer
$0 $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 $3,076,842 $3,473,789 $20,343,523 $-396,947
2024 $3,818,570 $3,158,145 $18,704,149 $660,425
2023 $2,731,920 $2,915,000 $15,676,991 $-183,080
2022 $13,020,426 $2,620,594 $16,021,539 $10,399,832
2021 $2,883,814 $2,264,094 $6,246,687 $619,720
2020 $1,964,793 $2,295,400 $4,611,427 $-330,607
2019 $2,167,848 $2,227,901 $4,102,553 $-60,053
2018 $2,193,645 $2,221,113 $4,373,935 $-27,468
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