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
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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.
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