Pinellas Preparatory Academy INC

Tax-deductible

Largo, FL501(c)(3)Since 2000EducationEIN 91-2104700

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Pinellas Preparatory Academy, INC. Strives to provide a creative and positive environment for emotionally mature children. Our excellent faculty shares with parents and the community the responsibility to prepare each

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 6 volunteers and 110 employees.
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
4 of 6
filings with a surplus
Average surplus $450K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $483
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.1M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.4M
-15% vs prior year
Spent
$9.2M
To programs
88%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$9.4M
FY2025▼ -15%
Revenue by fiscal year
FY2020$6.7M
FY2021$7.4M
FY2022$8.2M
FY2023$9.3M
FY2024$11.1M
FY2025$9.4M
Expenses
$9.2M
FY2025-0.5%
Expenses by fiscal year
FY2020$6.9M
FY2021$7.1M
FY2022$8.4M
FY2023$8.7M
FY2024$9.3M
FY2025$9.2M
Net assets
$4.6M
FY2025▲ +4%
Net assets by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$1.9M
FY2023$2.6M
FY2024$4.5M
FY2025$4.6M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $8.1M Management & general 12% · $1.1M

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pinellas Preparatory Academy INC executive salaries →

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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 emotionally mature children in a creative, positive environment.

Provided by the organization

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1 program service account for $8.1M of program spending, described in the organization's own filed words · FY2024.
01

Pinellas preparatory academy, inc. Operates two public charter schools authorized by pinellas county, florida. We were founded to provide a strong curriculum for students who are considered emotionally mature.

$8.1Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$483

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.4M
Ln 12
Gifts and grantsLn 1h$8.3M
Fees for servicesLn 2g$902K
Investment incomeLn 3$196K
Money outPt IX
$9.2M
Ln 25
Programscol B$8.1M
Managementcol C$1.1M
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$13.7M
LiabilitiesLn 26$9.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$8.3M
Fees for servicesLn 2g$902K
Investment incomeLn 3$196K
Total revenueLn 12$9.4M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$525K
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$9.3M
Total assetsLn 16$13.7M
LiabilitiesLn 26$9.1M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 5110
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.3M$3.1M
Land, buildings, equipmentLn 10c$9.1M$9.3M
Total assetsLn 16$13.5M$13.7M
LiabilitiesLn 26$9.0M$9.1M
Net assetsLn 32$4.5M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5.5M$4.9M$552K
Pension plan contributionsLn 8$80K$72K$8K
Other employee benefitsLn 9$262K$237K$25K
Payroll taxesLn 10$399K$361K$38K
Other fees for servicesLn 11g$786K$645K$140K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$30K$24K$6K
Information technologyLn 14$68K$61K$7K
OccupancyLn 16$209K$188K$21K
TravelLn 17$1K$1K$296
InterestLn 20$355K$320K$36K
Depreciation, depletion and amortizationLn 22$638K$574K$64K
InsuranceLn 23$238K$214K$24K
Other expenses (24a–d)Ln 24$563K$449K$114K
All other expensesLn 24e$93K$79K$14K
Total functional expensesLn 25$9.2M$8.1M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.4M$9.2M$198K$4.6M 990 PDF
FY2024 $11.1M$9.3M$1.9M$4.5M 990 PDF
FY2023 $9.3M$8.7M$687K$2.6M 990 PDF
FY2022 $8.2M$8.4M−$182K$1.9M 990 PDF
FY2021 $7.4M$7.1M$350K$2.7M 990 PDF
FY2020 $6.7M$6.9M−$209K$2.6M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $9,410,949 across 6 lines filed
VIII-1e Government grants$8,309,839
VIII-1f All other contributions, gifts and grants$3,795
VIII-1h Total contributions, gifts and grants$8,313,634
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $901,713$901,713
VIII-3 Investment incomeExcluded from tax $195,602$195,602
VIII-12 Total revenueRelated to mission $901,713 · Unrelated business $0 · Excluded from tax $195,602$9,410,949
Part IX · Statement of functional expenses $9,212,775 across 15 lines filed
IX-7 Other salaries and wagesPrograms $4,904,620 · Management $551,964$5,456,584
IX-8 Pension plan contributionsPrograms $71,995 · Management $7,637$79,632
IX-9 Other employee benefitsPrograms $236,764 · Management $25,117$261,881
IX-10 Payroll taxesPrograms $360,689 · Management $38,263$398,952
IX-11g Other fees for servicesPrograms $645,458 · Management $140,382$785,840
IX-12 Advertising and promotionManagement $33,082$33,082
IX-13 Office expensesPrograms $24,369 · Management $6,030$30,399
IX-14 Information technologyPrograms $61,350 · Management $6,817$68,167
IX-16 OccupancyPrograms $187,686 · Management $21,489$209,175
IX-17 TravelPrograms $1,183 · Management $296$1,479
IX-20 InterestPrograms $319,862 · Management $35,540$355,402
IX-22 Depreciation, depletion and amortizationPrograms $574,153 · Management $63,795$637,948
IX-23 InsurancePrograms $214,263 · Management $23,807$238,070
IX-24 Other expenses (24a–d)Programs $449,090 · Management $114,243$563,333
IX-24e All other expensesPrograms $78,762 · Management $14,069$92,831
IX-25 Total functional expensesPrograms $8,130,244 · Management $1,082,531 · Fundraising $0$9,212,775
Part X · Balance sheet $13,722,913 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,904,091$2,529,587
X-2 Savings and temporary cash investmentsStart of year $372,997$525,279
X-4 Accounts receivableStart of year $1,928,281$1,292,650
X-9 Prepaid expenses and deferred chargesStart of year $160,023$55,067
X-10c Land, buildings and equipment, netStart of year $9,093,223$9,320,330
X-16 Total assetsStart of year $13,458,615$13,722,913
X-17 Accounts payable and accrued expensesStart of year $328,262$746,754
X-20 Tax-exempt bond liabilitiesStart of year $1,300,000$1,300,000
X-25 Other liabilitiesStart of year $7,354,175$7,035,722
X-26 Total liabilitiesStart of year $8,982,437$9,082,476
X-27 Net assets without donor restrictionsStart of year $4,476,178$4,640,437
X-32 Total net assets or fund balancesStart of year $4,476,178$4,640,437
X-33 Total liabilities and net assetsStart of year $13,458,615$13,722,913
Part XI · Reconciliation of net assets $4,640,437 net assets at year end
XI-1 Total revenue$9,410,949
XI-2 Total expenses$9,212,775
XI-3 Revenue less expenses$198,174
XI-4 Net assets at start of year$4,476,178
XI-8 Prior period adjustments−$33,915
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,640,437

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

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