Academy Prep Center Of Lakeland Inc

Organization Overview

Academy Prep Center Of Lakeland Inc is located in Lakeland, FL. The organization was established in 2018. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Prep Center Of Lakeland Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2023, Academy Prep Center Of Lakeland Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $3.0m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O.


SEE SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
Nick Barnett
Chair
$0
Natali Reyes
Vice Chair
$0
William Vass
Treasurer
$0
Gregory Fancelli
Trustee
$0
Stacy Walsh
Trustee
$0
Marianne Parsons
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$59,825
Related organizations$0
Government grants $117,689
All other contributions, gifts, grants, and similar amounts not included above$2,341,281
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,518,795
Total Program Service Revenue$795,419
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $92,528
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,406,742

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