philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Academy Prep Center of Lakeland INC

Tax-deductible

Lakeland, FL501(c)(3)EducationEIN 82-4257263Revenue $3.0M in FY2025

On file with the IRSacademyprep.org/lakeland1021 Lakeland Hills Blvd, 33805-4672 · Lakeland, FLTax-exempt since Aug 2018School — 170(b)(1)(A)(ii)

Tell your story. Claim this org

To inspire and empower students who qualify for need-based scholarships to become future community leaders through a rigorous middle school program coupled with ongoing graduate support.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 92 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average surplus $531K a year · 18% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$167K
to officers and key staff · 5% of spending
Top officer’s pay lower than 68% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$125K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+23% vs prior year
Spent
$3.2M
To programs
84%
Net assets
$382K
By yearFY2020–FY2025
Revenue
$3.0M
FY2025▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.0M
FY2021$1.8M
FY2022$1.5M
FY2023$3.4M
FY2024$2.4M
FY2025$3.0M
Expenses
$3.2M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.4M
FY2023$3.0M
FY2024$3.0M
FY2025$3.2M
Net assets
$382K
FY2025▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$711K
FY2023$1.1M
FY2024$569K
FY2025$382K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2018.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.7M Management & general 7% · $237K Fundraising 8% · $261K

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

Something off? Claim to fix it

Who runs it and what they're paid

8 people listed on the 990; $167K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Monica Pollock
Head of School
$100,109Pt VII · Sec A
Lincoln Tamayo
Interim Head of School
$66,957Pt VII · Sec A
William Vass
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Natali Reyes
Vice Chair
$0Pt VII · Sec A

Monica Pollock’s $100K as Head of School is at the 32nd percentile of top reported officer pay among 3395 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lincoln Tamayo$66,957$116,941$90,723$96,839$127,624$132,404
Monica Pollock$100,109—————

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.

See Academy Prep Center of Lakeland INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Empowers low-income students for leadership through rigorous programs and ongoing support.

Questions for Academy Prep Center of Lakeland INC

Tap to ask. Academy Prep Center of Lakeland INC sees how many people are interested.

Your first name shows with your question. Academy Prep Center of Lakeland INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $2.7M · in their own filed words · FY2024
01

Academy prep center of lakeland, established in june 2019, is the third campus added to the academy prep organization. It joins its sister campuses in providing a rigorous, tuition-free, private, nonprofit middle school education for students from low-income communities in lakeland, florida.

$2.7Mprogram expense
02

Graduate support services provide guidance and financial support for academy prep students and graduates through and into post-secondary education or service as they become leaders and break the cycle of poverty into which so many were born.

Pt IX · col B

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
Suncoast Credit Union FoundationFY2025$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$1.0M
Money outPt IX
$3.2M
Ln 25
Programscol B$2.7M
Managementcol C$237K
Fundraisingcol D$261K
Owns and owesPt X
$382K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$507K
LiabilitiesLn 26$125K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$89K
Fundraising eventsLn 1c$169K
Fees for servicesLn 2g$1.0M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
InvestmentsLn 11–13$40K
Land, buildings, equipmentLn 10c$313K
Other assetsLn 15$9K
Total assetsLn 16$507K
LiabilitiesLn 26$125K
Net assetsLn 32$382K
OperationsPt I, VI
EmployeesI 50
VolunteersI 692
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$270K$112K
InvestmentsLn 11–13$34K$40K
Land, buildings, equipmentLn 10c$380K$313K
Total assetsLn 16$708K$507K
LiabilitiesLn 26$140K$125K
Net assetsLn 32$569K$382K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$167K$127K$23K$17K
Other salaries and wagesLn 7$1.7M$1.4M$126K$181K
Pension plan contributionsLn 8$21K$16K$2K$2K
Other employee benefitsLn 9$230K$182K$22K$26K
Payroll taxesLn 10$163K$130K$15K$18K
Legal feesLn 11b$20K$20K
Other fees for servicesLn 11g$74K$74K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$126K$93K$24K$9K
OccupancyLn 16$65K$64K$1K
TravelLn 17$22K$18K$3K
Depreciation, depletion and amortizationLn 22$122K$122K
InsuranceLn 23$71K$71K
Other expenses (24a–d)Ln 24$337K$337K
All other expensesLn 24e$68K$62K$4K$2K
Total functional expensesLn 25$3.2M$2.7M$237K$261K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.0M$3.2M−$192K$382K 990 PDF
FY2024 $2.4M$3.0M−$536K$569K 990 PDF
FY2023 $3.4M$3.0M$389K$1.1M 990 PDF
FY2022 $1.5M$2.4M−$919K$711K 990 PDF
FY2021 $1.8M$1.8M−$15K$1.6M 990 PDF
FY2020 $6.0M$1.5M$4.5M$1.6M 990 PDF

More to add? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $2,963,191 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,487,784$1,945,182
I-9 Program service revenuePrior year $911,177$1,018,009
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $17,698$0
I-12 Total revenuePrior year $2,416,659$2,963,191
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,114,660$2,246,834
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $837,643$908,084
I-18 Total expensesPrior year $2,952,303$3,154,918
I-19 Revenue less expensesPrior year −$535,644−$191,727
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $2,963,191 across 8 lines filed
Lines not itemized here account for $64,081 of total revenue; see the IRS return.
VIII-1c Fundraising events$168,796
VIII-1d Related organizations$250,000
VIII-1e Government grants$88,823
VIII-1f All other contributions, gifts and grants$1,437,563
VIII-1h Total contributions, gifts and grants$1,945,182
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $953,928$953,928
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,018,009 · Unrelated business $0 · Excluded from tax $0$2,963,191
Part IX · Statement of functional expenses $3,154,918 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $126,907 · Management $23,318 · Fundraising $16,841$167,066
IX-7 Other salaries and wagesPrograms $1,360,498 · Management $125,513 · Fundraising $180,539$1,666,550
IX-8 Pension plan contributionsPrograms $16,455 · Management $1,957 · Fundraising $2,315$20,727
IX-9 Other employee benefitsPrograms $182,277 · Management $21,684 · Fundraising $25,649$229,610
IX-10 Payroll taxesPrograms $129,926 · Management $15,044 · Fundraising $17,911$162,881
IX-11b Legal feesManagement $20,500$20,500
IX-11g Other fees for servicesPrograms $73,610$73,610
IX-12 Advertising and promotionFundraising $3,052$3,052
IX-13 Office expensesPrograms $92,527 · Management $24,149 · Fundraising $8,944$125,620
IX-16 OccupancyPrograms $64,023 · Fundraising $1,200$65,223
IX-17 TravelPrograms $18,322 · Fundraising $3,285$21,607
IX-22 Depreciation, depletion and amortizationPrograms $122,306$122,306
IX-23 InsurancePrograms $71,381$71,381
IX-24 Other expenses (24a–d)Programs $337,008$337,008
IX-24e All other expensesPrograms $61,658 · Management $4,444 · Fundraising $1,675$67,777
IX-25 Total functional expensesPrograms $2,656,898 · Management $236,609 · Fundraising $261,411$3,154,918
Part X · Balance sheet $507,025 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $270,187$111,800
X-3 Pledges and grants receivableStart of year $4,150$5,000
X-4 Accounts receivableStart of year $10,175$27,623
X-10c Land, buildings and equipment, netStart of year $380,064$313,345
X-12 Other securitiesStart of year $33,890$40,094
X-15 Other assetsStart of year $9,859$9,163
X-16 Total assetsStart of year $708,325$507,025
X-17 Accounts payable and accrued expensesStart of year $96,366$106,852
X-25 Other liabilitiesStart of year $43,378$18,115
X-26 Total liabilitiesStart of year $139,744$124,967
X-27 Net assets without donor restrictionsStart of year $568,581$382,058
X-32 Total net assets or fund balancesStart of year $568,581$382,058
X-33 Total liabilities and net assetsStart of year $708,325$507,025
Part XI · Reconciliation of net assets $382,058 net assets at year end
XI-1 Total revenue$2,963,191
XI-2 Total expenses$3,154,918
XI-3 Revenue less expenses−$191,727
XI-4 Net assets at start of year$568,581
XI-9 Other changes in net assets$5,204
XI-10 Net assets at end of year$382,058

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.