To promote and foster the growth of youth through team sports, personal training, and education, as well as provide community outreach to boys and girls in the greater tampa bay area.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-1741595) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $99K a year · 10% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
15.5 mo
of spending, in cash
15.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $516
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$407K
-67% vs prior year
Spent
$437K
To programs
99%
Net assets
$565K
By yearFY2020–FY2024
Revenue
$407K
FY2024▼ -67%
Tap a bar for its year
Revenue by fiscal year
FY2020$828K
FY2021$1.3M
FY2022$1.4M
FY2023$1.2M
FY2024$407K
Expenses
$437K
FY2024▼ -61%
Tap a bar for its year
Expenses by fiscal year
FY2020$776K
FY2021$1.1M
FY2022$1.3M
FY2023$1.1M
FY2024$437K
Net assets
$565K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$121K
FY2021$316K
FY2022$496K
FY2023$594K
FY2024$565K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $433K Management & general 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The Prep INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops youth through sports, training, and education, offering community outreach in Tampa Bay.

Questions for The Prep INC

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Your first name shows with your question. The Prep INC answers here, for everyone.

1 program · $433K · in their own filed words · FY2024
01

The organization promotes and fosters the growth of youth baseball, softball, and basketball as forms of recreational and competitive physical development,as well as provides community outreach to boys and girls in the greater tampa bay area with equal opportunity to participate at their individual skill and ability level.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-1741595) · Dispute this line
$433Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$516

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$407K
Ln 12
Fees for servicesLn 2g$315K
Gifts and grantsLn 1h$73K
Investment incomeLn 3$20K
Money outPt IX
$437K
Ln 25
Programscol B$433K
Managementcol C$4K
Owns and owesPt X
$565K
net assets · Ln 32
Cash and savingsLn 1–2$565K
Total assetsLn 16$565K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Fees for servicesLn 2g$315K
Investment incomeLn 3$20K
Total revenueLn 12$407K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$533K
Cash and savings togetherLn 1–2$565K
Total assetsLn 16$565K
LiabilitiesLn 26$0
Net assetsLn 32$565K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$596K$565K
Total assetsLn 16$596K$565K
LiabilitiesLn 26$1K$0
Net assetsLn 32$594K$565K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$50K$50K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$307K$307K
Advertising and promotionLn 12$870$870
Office expensesLn 13$3K$3K
OccupancyLn 16$68K$68K
Other expenses (24a–d)Ln 24$2K$486$1K
Total functional expensesLn 25$437K$433K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jul 23, 2025 $407K$437K−$30K$565K 990 PDF
FY2023Filed with the IRS Apr 15, 2025 $1.2M$1.1M$98K$594K 990 PDF
FY2022Filed with the IRS May 11, 2023 $1.4M$1.3M$180K$496K 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $1.3M$1.1M$196K$316K 990 PDF
FY2020Filed with the IRS Jul 20, 2021 $828K$776K$51K$121K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $406,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $255,128$72,578
I-9 Program service revenuePrior year $955,786$314,886
I-10 Investment incomePrior year $13,947$19,512
I-11 Other revenue$0
I-12 Total revenuePrior year $1,224,861$406,976
I-13 Grants and similar amounts paidPrior year $900$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $162,119$53,331
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $963,970$383,316
I-18 Total expensesPrior year $1,126,989$436,647
I-19 Revenue less expensesPrior year $97,872−$29,671
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $406,976 across 6 lines filed
VIII-1b Membership dues$69,578
VIII-1f All other contributions, gifts and grants$3,000
VIII-1h Total contributions, gifts and grants$72,578
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $314,886$314,886
VIII-3 Investment incomeExcluded from tax $19,512$19,512
VIII-12 Total revenueRelated to mission $314,886 · Excluded from tax $19,512$406,976
Part IX · Statement of functional expenses $436,647 across 8 lines filed
IX-7 Other salaries and wagesPrograms $49,765$49,765
IX-10 Payroll taxesPrograms $3,566$3,566
IX-11c Accounting feesManagement $2,578$2,578
IX-11g Other fees for servicesPrograms $307,416$307,416
IX-12 Advertising and promotionPrograms $870$870
IX-13 Office expensesPrograms $3,000$3,000
IX-16 OccupancyPrograms $67,669$67,669
IX-24 Other expenses (24a–d)Programs $486 · Management $1,297$1,783
IX-25 Total functional expensesPrograms $432,772 · Management $3,875 · Fundraising $0$436,647
Part X · Balance sheet $564,625 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $81,649$31,166
X-2 Savings and temporary cash investmentsStart of year $513,947$533,459
X-16 Total assetsStart of year $595,596$564,625
X-26 Total liabilitiesStart of year $1,300$0
X-27 Net assets without donor restrictionsStart of year $594,296$564,625
X-32 Total net assets or fund balancesStart of year $594,296$564,625
X-33 Total liabilities and net assetsStart of year $595,596$564,625
Part XI · Reconciliation of net assets $564,625 net assets at year end
XI-1 Total revenue$406,976
XI-2 Total expenses$436,647
XI-3 Revenue less expenses−$29,671
XI-4 Net assets at start of year$594,296
XI-10 Net assets at end of year$564,625

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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