Tampa Preparatory School INC FY2020 filing

Tax-deductible

Tampa, FL501(c)(3)Since 1974EducationEIN 59-1618607Revenue $19.9M in FY2020

On file with the IRStampaprep.org727 W Cass St, 33606-1105 · Tampa, FLTax-exempt since Mar 1976School — 170(b)(1)(A)(ii)

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And form 990, part III, line 1:a college Preparatory, coeducational, nondenominational, independent day School serving grades 6-12. Rigorous academics, character education and the development of intellectual curiosity prepare its students for life with a higher purpose than self.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$984K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.5M a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$984K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17.6M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.9M
Spent
$19.8M
To programs
69%
Net assets
$17.8M
By yearFY2020–FY2025
Revenue
$19.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.9M
FY2021$23.0M
FY2022$29.0M
FY2023$27.9M
FY2024$25.9M
FY2025$26.5M
Expenses
$19.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$19.8M
FY2021$19.6M
FY2022$20.2M
FY2023$20.9M
FY2024$21.8M
FY2025$22.8M
Net assets
$17.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$17.8M
FY2021$24.2M
FY2022$30.4M
FY2023$38.4M
FY2024$43.2M
FY2025$47.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1976.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $13.7M Management & general 27% · $5.4M Fundraising 4% · $726K

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

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Who runs it and what they're paid

31 people listed on the 990; $984K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School, Non Voting Trustee
$409,053Pt VII · Sec A
Director of Middle School
$158,065Pt VII · Sec A
Director of Development
$140,130Pt VII · Sec A
Director of Admissions
$139,866Pt VII · Sec A
Director of Upper School
$136,447Pt VII · Sec A
Non Voting Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin M Plummer’s $460K as Head of School is at the 86th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Plummer—$503,937$498,004$453,802$670,825$409,053
Kevin M Plummer$460,198—————
Joseph Fenlon$160,208$241,343$175,475$176,022$173,990$158,065
Ki Perry$161,828$183,288$174,493$170,493$147,108$140,130
David Schintzius——$171,981$175,064$152,792—
Stefanie Corlew$174,796—————
Carl Carlson———$160,475$141,720$136,447
Robert Franz$143,316—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Educates students in grades 6-12 with rigorous academics and character development for a purposeful life.

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Provided by the organization

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1 program · $13.7M · in their own filed words · FY2019
01

Tampa preparatory school is a college preparatory educational institution with programs that enable its students to pursue post secondary educational opportunities at leading colleges and universities in the united states. There were 688 students at the school during the 2019-2020 school year.

$13.7Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.9M
Ln 12
Fees for servicesLn 2g$17.5M
Investment incomeLn 3$1.1M
Gifts and grantsLn 1h$806K
Money outPt IX
$19.8M
Ln 25
Programscol B$13.7M
Managementcol C$5.4M
Fundraisingcol D$726K
Owns and owesPt X
$17.8M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$35.4M
LiabilitiesLn 26$17.6M
PeoplePt VI, VII
31
listed · VII A
PaidVII A5
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$806K
Fees for servicesLn 2g$17.5M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$449K
Gains on assetsLn 7$757K
Total revenueLn 12$19.9M
Assets in detailPt X, end of year
CashLn 1$239K
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$13.2M
Land, buildings, equipmentLn 10c$16.0M
Other assetsLn 15$104K
Total assetsLn 16$35.4M
LiabilitiesLn 26$17.6M
Net assetsLn 32$17.8M
OperationsPt I, VI
EmployeesI 5224
VolunteersI 6145
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.0M$5.0M
InvestmentsLn 11–13$13.4M$13.2M
Land, buildings, equipmentLn 10c$16.0M$16.0M
Total assetsLn 16$34.9M$35.4M
LiabilitiesLn 26$16.3M$17.6M
Net assetsLn 32$18.6M$17.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$501K$330K$140K$31K
Other salaries and wagesLn 7$8.1M$5.4M$2.1M$531K
Pension plan contributionsLn 8$434K$292K$113K$28K
Other employee benefitsLn 9$1.4M$972K$377K$95K
Payroll taxesLn 10$615K$414K$161K$40K
Investment management feesLn 11f$70K$70K
Advertising and promotionLn 12$67K$67K
Office expensesLn 13$15K$10K$4K
TravelLn 17$82K$41K$42K
InterestLn 20$358K$358K
Depreciation, depletion and amortizationLn 22$1.7M$1.5M$182K
InsuranceLn 23$337K$278K$60K
Other expenses (24a–d)Ln 24$2.9M$1.6M$1.3M
All other expensesLn 24e$1.4M$916K$504K
Total functional expensesLn 25$19.8M$13.7M$5.4M$726K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $26.5M$22.8M$3.7M$47.7M 990 PDF
FY2024 $25.9M$21.8M$4.1M$43.2M 990 PDF
FY2023 $27.9M$20.9M$6.9M$38.4M 990 PDF
FY2022 $29.0M$20.2M$8.8M$30.4M 990 PDF
FY2021 $23.0M$19.6M$3.3M$24.2M 990 PDF
FY2020 Viewing $19.9M$19.8M$104K$17.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $19,889,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,211,419$806,438
I-9 Program service revenuePrior year $17,163,257$17,516,837
I-10 Investment incomePrior year $607,616$1,117,187
I-11 Other revenuePrior year $370,139$449,477
I-12 Total revenuePrior year $20,352,431$19,889,939
I-13 Grants and similar amounts paidPrior year $1,754,545$1,840,626
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,425,379$11,073,140
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,188,426$6,872,125
I-18 Total expensesPrior year $18,368,350$19,785,891
I-19 Revenue less expensesPrior year $1,984,081$104,048
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,889,939 across 9 lines filed
Lines not itemized here account for $5,352 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$806,438
VIII-1h Total contributions, gifts and grants$806,438
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,516,837$17,516,837
VIII-3 Investment incomeExcluded from tax $360,148$360,148
VIII-6 Net rental income or lossRelated to mission $21,063$21,063
VIII-7 Net gain or loss on sales of assetsExcluded from tax $757,039$757,039
VIII-8 Net income from fundraising eventsExcluded from tax $330,512$330,512
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $92,550$92,550
VIII-12 Total revenueRelated to mission $17,635,802 · Unrelated business $0 · Excluded from tax $1,447,699$19,889,939
Part IX · Statement of functional expenses $19,785,891 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $1,840,626$1,840,626
IX-5 Pay of current officers, directors and key staffPrograms $329,738 · Management $140,302 · Fundraising $31,038$501,078
IX-7 Other salaries and wagesPrograms $5,446,481 · Management $2,100,655 · Fundraising $531,442$8,078,578
IX-8 Pension plan contributionsPrograms $292,485 · Management $113,473 · Fundraising $28,482$434,440
IX-9 Other employee benefitsPrograms $971,954 · Management $377,082 · Fundraising $94,648$1,443,684
IX-10 Payroll taxesPrograms $414,289 · Management $160,729 · Fundraising $40,342$615,360
IX-11f Investment management feesManagement $70,051$70,051
IX-12 Advertising and promotionPrograms $67,181$67,181
IX-13 Office expensesPrograms $10,343 · Management $4,433$14,776
IX-17 TravelPrograms $40,657 · Management $41,811$82,468
IX-20 InterestManagement $358,454$358,454
IX-22 Depreciation, depletion and amortizationPrograms $1,470,745 · Management $181,778$1,652,523
IX-23 InsurancePrograms $277,710 · Management $59,726$337,436
IX-24 Other expenses (24a–d)Programs $1,600,015 · Management $1,269,050$2,869,065
IX-24e All other expensesPrograms $915,707 · Management $504,464$1,420,171
IX-25 Total functional expensesPrograms $13,677,931 · Management $5,382,008 · Fundraising $725,952$19,785,891
Part X · Balance sheet $35,398,207 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $300$238,834
X-2 Savings and temporary cash investmentsStart of year $2,969,711$4,759,172
X-3 Pledges and grants receivableStart of year $1,364,352$269,308
X-4 Accounts receivableStart of year $611,816$402,691
X-8 Inventories for sale or useStart of year $12,941$17,752
X-9 Prepaid expenses and deferred chargesStart of year $395,578$428,957
X-10c Land, buildings and equipment, netStart of year $15,966,366$16,008,881
X-11 Publicly traded securitiesStart of year $13,173,398$12,859,226
X-12 Other securitiesStart of year $251,875$309,480
X-15 Other assetsStart of year $147,655$103,906
X-16 Total assetsStart of year $34,893,992$35,398,207
X-17 Accounts payable and accrued expensesStart of year $1,585,937$1,422,692
X-19 Deferred revenueStart of year $768,002$918,149
X-26 Total liabilitiesStart of year $16,274,211$17,628,577
X-27 Net assets without donor restrictionsStart of year $13,470,566$13,748,239
X-28 Net assets with donor restrictionsStart of year $5,149,215$4,021,391
X-32 Total net assets or fund balancesStart of year $18,619,781$17,769,630
X-33 Total liabilities and net assetsStart of year $34,893,992$35,398,207
Part XI · Reconciliation of net assets $17,769,630 net assets at year end
XI-1 Total revenue$19,889,939
XI-2 Total expenses$19,785,891
XI-3 Revenue less expenses$104,048
XI-4 Net assets at start of year$18,619,781
XI-5 Net unrealized gains (losses) on investments−$954,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,769,630

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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