Tampa Preparatory School INC FY2021 filing

Tax-deductible

Tampa, FL501(c)(3)Since 1974EducationEIN 59-1618607

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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.
73¢ of each $1 spent went to programs.
$1.3M 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

FY2021 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% 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
$13.8M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.0M
+15% vs prior year
Spent
$19.6M
To programs
73%
Net assets
$24.2M
By yearFY2020–FY2025
Revenue
$23.0M
FY2021▲ +15%
Revenue by fiscal year
FY2020$19.9M
FY2021$23.0M
FY2022$29.0M
FY2023$27.9M
FY2024$25.9M
FY2025$26.5M
Expenses
$19.6M
FY2021▼ -0.8%
Expenses by fiscal year
FY2020$19.8M
FY2021$19.6M
FY2022$20.2M
FY2023$20.9M
FY2024$21.8M
FY2025$22.8M
Net assets
$24.2M
FY2021▲ +36%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

73 cents of each dollar spent went to programs.

Program services 73% · $14.3M Management & general 24% · $4.6M Fundraising 4% · $717K

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

32 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School, Non Voting Trustee
$670,825Pt VII · Sec A
Director of Middle School
$173,990Pt VII · Sec A
Director of Finance & Operations
$152,792Pt VII · Sec A
Director of Development
$147,108Pt VII · Sec A
Director of Upper School
$141,720Pt VII · Sec A
Nonvoting Trustee
$0Pt VII · Sec A
Vice President, Trustee
$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————$670,825—
Kevin Plummer—$503,937$498,004$453,802—$409,053
Kevin M Plummer$460,198—————
Joseph Fenlon$160,208$241,343$175,475$176,022—$158,065
Ki Perry$161,828$183,288$174,493$170,493—$140,130
David Schintzius——$171,981$175,064——
Stefanie Corlew$174,796—————
Joseph Fenlon————$173,990—

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.

Provided by the organization

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1 program service account for $14.3M of program spending, described in the organization's own filed words · FY2020.
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 699 students at the school during the 2020-2021 school year.

$14.3Mprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$23.0M
Ln 12
Fees for servicesLn 2g$18.5M
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$804K
Money outPt IX
$19.6M
Ln 25
Programscol B$14.3M
Managementcol C$4.6M
Fundraisingcol D$717K
Owns and owesPt X
$24.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$38.0M
LiabilitiesLn 26$13.8M
PeoplePt VI, VII
32
listed · VII A
PaidVII A5
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$18.5M
Investment incomeLn 3$804K
Other incomeLn 4–11$341K
Gains on assetsLn 7$500K
Total revenueLn 12$23.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$16.6M
Land, buildings, equipmentLn 10c$14.8M
Other assetsLn 15$156K
Total assetsLn 16$38.0M
LiabilitiesLn 26$13.8M
Net assetsLn 32$24.2M
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 FY21End FY21
Cash and savingsLn 1–2$5.0M$4.9M
InvestmentsLn 11–13$13.2M$16.6M
Land, buildings, equipmentLn 10c$16.0M$14.8M
Total assetsLn 16$35.4M$38.0M
LiabilitiesLn 26$17.6M$13.8M
Net assetsLn 32$17.8M$24.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.1M$2.1M
Pay of current officers, directors and key staffLn 5$739K$489K$207K$43K
Other salaries and wagesLn 7$8.3M$5.6M$2.2M$510K
Pension plan contributionsLn 8$437K$295K$114K$28K
Other employee benefitsLn 9$1.5M$1.0M$395K$96K
Payroll taxesLn 10$639K$432K$167K$41K
Investment management feesLn 11f$66K$66K
Advertising and promotionLn 12$118K$118K
Office expensesLn 13$139K$97K$42K
TravelLn 17$47K$27K$19K
InterestLn 20$246K$246K
Depreciation, depletion and amortizationLn 22$1.8M$1.6M$193K
InsuranceLn 23$357K$294K$63K
Other expenses (24a–d)Ln 24$2.0M$1.9M$95K
All other expensesLn 24e$1.2M$371K$856K
Total functional expensesLn 25$19.6M$14.3M$4.6M$717K

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 Viewing $23.0M$19.6M$3.3M$24.2M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $22,969,616 across 10 lines filed
Lines not itemized here account for $2,502 of total revenue; see the IRS return.
VIII-1e Government grants$1,889,600
VIII-1f All other contributions, gifts and grants$1,397,077
VIII-1h Total contributions, gifts and grants$3,286,677
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,537,958$18,537,958
VIII-3 Investment incomeExcluded from tax $304,576$304,576
VIII-6 Net rental income or lossRelated to mission $49,491$49,491
VIII-7 Net gain or loss on sales of assetsExcluded from tax $499,551$499,551
VIII-8 Net income from fundraising eventsExcluded from tax $248,632$248,632
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $40,229$40,229
VIII-12 Total revenueRelated to mission $18,630,180 · Unrelated business $0 · Excluded from tax $1,052,759$22,969,616
Part IX · Statement of functional expenses $19,621,764 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $2,052,443$2,052,443
IX-5 Pay of current officers, directors and key staffPrograms $488,821 · Management $206,991 · Fundraising $43,441$739,253
IX-7 Other salaries and wagesPrograms $5,639,632 · Management $2,155,159 · Fundraising $509,609$8,304,400
IX-8 Pension plan contributionsPrograms $294,993 · Management $114,109 · Fundraising $27,771$436,873
IX-9 Other employee benefitsPrograms $1,019,970 · Management $394,543 · Fundraising $96,021$1,510,534
IX-10 Payroll taxesPrograms $431,743 · Management $167,005 · Fundraising $40,645$639,393
IX-11f Investment management feesManagement $66,436$66,436
IX-12 Advertising and promotionPrograms $118,096$118,096
IX-13 Office expensesPrograms $97,427 · Management $41,760$139,187
IX-17 TravelPrograms $27,486 · Management $19,142$46,628
IX-20 InterestManagement $245,658$245,658
IX-22 Depreciation, depletion and amortizationPrograms $1,560,976 · Management $192,930$1,753,906
IX-23 InsurancePrograms $294,000 · Management $63,230$357,230
IX-24 Other expenses (24a–d)Programs $1,889,692 · Management $95,083$1,984,775
IX-24e All other expensesPrograms $371,235 · Management $855,717$1,226,952
IX-25 Total functional expensesPrograms $14,286,514 · Management $4,617,763 · Fundraising $717,487$19,621,764
Part X · Balance sheet $37,964,421 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $238,834$1,333,213
X-2 Savings and temporary cash investmentsStart of year $4,759,172$3,591,711
X-3 Pledges and grants receivableStart of year $269,308$887,896
X-4 Accounts receivableStart of year $402,691$195,953
X-8 Inventories for sale or useStart of year $17,752$17,243
X-9 Prepaid expenses and deferred chargesStart of year $428,957$452,290
X-10c Land, buildings and equipment, netStart of year $16,008,881$14,775,151
X-11 Publicly traded securitiesStart of year $12,859,226$16,407,166
X-12 Other securitiesStart of year $309,480$147,928
X-15 Other assetsStart of year $103,906$155,870
X-16 Total assetsStart of year $35,398,207$37,964,421
X-17 Accounts payable and accrued expensesStart of year $1,422,692$1,088,940
X-19 Deferred revenueStart of year $918,149$1,540,800
X-26 Total liabilitiesStart of year $17,628,577$13,801,607
X-27 Net assets without donor restrictionsStart of year $13,748,239$19,536,411
X-28 Net assets with donor restrictionsStart of year $4,021,391$4,626,403
X-32 Total net assets or fund balancesStart of year $17,769,630$24,162,814
X-33 Total liabilities and net assetsStart of year $35,398,207$37,964,421
Part XI · Reconciliation of net assets $24,162,814 net assets at year end
XI-1 Total revenue$22,969,616
XI-2 Total expenses$19,621,764
XI-3 Revenue less expenses$3,347,852
XI-4 Net assets at start of year$17,769,630
XI-5 Net unrealized gains (losses) on investments$3,045,332
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,162,814

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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