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  Academy Prep Foundation, Inc.     

Established in 1996, Academy Prep Foundation, Inc. serves several important functions:

   To replicate Academy Prep Centers
   To share best practices among Academy Prep Centers
  To serve as the funding source for Academy Prep Centers
   To ensure the efficient operation of Academy Prep Centers


  
A Brief History 


The Academy Foundation, Inc. (now known as Academy Prep Foundation, Inc.), was established in 1996 as a 501(c)(3) charitable organization, doing business as Academy Prep Center for Education.

In May 2000 four additional 501(c)(3) organizations were established to operate as affiliated entities of Academy Prep Foundation, Inc. These organizations are Academy Prep Center of St. Petersburg, Inc.; Academy Prep Center of Tampa, Inc.; and two others for future centers.

Academy Prep Center of St. Petersburg has been in operation since 1996. Academy Prep Center of Tampa will be accepting students for the summer of 2003. Additional Centers will become operational as local leadership obtains the necessary initial funding.


 The Role of Academy Prep Foundation, Inc. (APF)  

The Foundation is responsible for replicating Academy Prep Centers, overseeing Center operations and serving as a funding vehicle for the Centers. The Foundation is the custodian of all unrestricted and restricted funds for the benefit of the Centers and the Foundation. The Centers operate according to an annual budget, and distributions are made from the Foundation to the Centers on a quarterly basis. Unrestricted contributions may be used to fund the operations of the Centers and the Foundation, and to replicate additional Centers.

 The Role of the Centers 

The Academy Prep Centers educate middle school students who qualify for the federal lunch program. The model is based upon the success of the Nativity Mission Center founded in 1970 in New York City, New York. Academy Prep Centers have the responsibility of carrying out the Academy Prep model in accordance with the mission and vision established by Academy Prep Foundation, Inc. Individual Centers are responsible for raising funds within their communities.

 
     
  Academy Prep Foundation, Inc. | EIN 59-3377240 | Registration #CH7916 | Charitable Solicitations Permit #0309004  
     
     
 
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  © 2003-2006 Academy Prep Foundation, Inc.   |     This page last updated May 5, 2005  
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