Offer assistance and support to academy prep centers toward their mission to promote the educational, social and ethical development of middle school students through a rigorous academic program.
Key facts about Academy Prep Foundation Inc
In short: Academy Prep Foundation Inc gave $2.6M across 3 grants in 2025 (avg $865K), mostly in Florida. Source: 2025 IRS Form 990.
- EIN
- 59-3377240
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,595,487
- Grants made (2025)
- 3
- Average grant
- $865,162
- Median grant
- $888,031
- Total assets
- $44,294,139
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$44.3M
+4.3% YoY
Annual Giving
$2.6M
+52.2% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$865K
+52.2% YoY
How Academy Prep Foundation Inc gives
- Giving grew 607% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Academy Prep Foundation Inc
Based on IRS filings
Academy Prep Foundation Inc is a public charity focused on Education, based in Lakeland, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $44.3M in total assets. In 2025, it awarded 3 grants totaling $2.6M. Net investment income was $2.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $131K (2020) to $2.6M (2025). In 2025 it made 3 grants totaling $2.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Academy Prep Center of Lakeland ($903K). Together the top 3 received $2.6M.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $500K–1M range: 6 grants of 14 (43%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Academy Prep Center of Lakeland Lakeland, FL | Operating Expenses, Rent and Graduate Support | $902,939 |
| Academy Prep Center of St Petersburg St Petersburg, FL | Operating Expenses, Rent and Graduate Support | $888,031 |
| Academy Prep Center of Tampa Tampa, FL | Operating Expenses, Rent and Graduate Support | $804,517 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $44,294,139 | $42,463,776 | $37,885,881 |
| Revenue | $3,849,470 | $1,964,303 | $5,822,433 |
| Expenses | $2,619,007 | $1,605,376 | $1,235,952 |
| Net Investment Income | $2,874,058 | $1,022,711 | $5,153,391 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 28, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS December 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 24, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 19, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS January 31, 2020)
Leadership & Key People
Officers and directors from IRS filings
Academy Prep Foundation Inc is led by Tom Sansone, Chair since 2020 (on filings since 2019); 2 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Tom Sansone
Chair
Chairman → Chair, 2020
On filings since 2019
5 hrs/week
No compensation reported
Oscar Horton
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Chris Barrott
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Bryant Jones
Trustee
On filings since 2022
5 hrs/week
No compensation reported
Nick Barnett
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Susan Touchton
Trustee
On filings since 2023
5 hrs/week
No compensation reported
David Vetter
Trustee
On filings since 2024
5 hrs/week
No compensation reported
Elizabeth Fowler
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Lincoln Tamayo
COO
Vice President → COO, 2020
On filings since 2019
5 hrs/week
$66K (2020) → $92K (2025)
Terri Scarcelli
CFO
On filings since 2020
32.5 hrs/week
$96K (2023) → $109K (2025)
John Erik Savitsky
Secretary
Trustee → Secretary, 2022
On filings since 2019
5 hrs/week
No compensation reported
Paul L. Whiting Sr.
Treasurer
On filings since 2019
5 hrs/week
No compensation reported
Former officers (5)
- Former: Patricia Douglas (2019–2024) — Trustee
- Former: Elizabeth Sembler (2019–2022) — Trustee
- Former: Jeff Fortune (2019–2021) — Trustee
- Former: James Humboldt (2019–2020) — CFO
- Former: Chuck Stamey (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $109K, to Terri Scarcelli (CFO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Academy Prep Foundation Inc
How much does Academy Prep Foundation Inc give each year?
Academy Prep Foundation Inc gave $2.6M across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.7M across 3 grants.
What is Academy Prep Foundation Inc's typical grant size?
Academy Prep Foundation Inc's median grant in 2025 was $888,031, and its average grant was $865,162, across 3 grants on its 2025 IRS Form 990.
Where does Academy Prep Foundation Inc give grants?
Academy Prep Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.
Does Academy Prep Foundation Inc give general operating support?
Yes: 100% of Academy Prep Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990.
How large is Academy Prep Foundation Inc?
Academy Prep Foundation Inc reported $44.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.8M.
What is Academy Prep Foundation Inc?
Academy Prep Foundation Inc is a public charity focused on Education, based in Lakeland, FL. It holds $44.3M in total assets as of 2025.
What is Academy Prep Foundation Inc's EIN?
Academy Prep Foundation Inc's EIN (Employer Identification Number) is 59-3377240. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Academy Prep Foundation Inc by hand.
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