Classical Preparatory School
Traditional education.  Transformational learning.
About

Annual Audit


Corporate Structure

Classical Prep is a public tax-exempt non-profit 501(c)(3) organization.  As such, no part of its net earnings or assets inure to the benefit of any private individual or group.  Upon dissolution, its assets would be distributed within the tax-exempt purposes set forth in section 501(c)(3).  Below are the relevant sections of Classical Prep's Articles of Incorporation pertaining to Dissolution and its status as a Public Tax-Exempt Non-Profit Corporation. 
 
Article IX - Dissolution
Upon dissolution of the corporation, assets of the Corporation shall be distributed for one or more of the tax-exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Service Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose.  Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as the Court shall determine, which are organized and operated exclusively for such purposes.
 
Article X – Public Tax-Exempt Non-Profit Corporation
 
No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article III.

Classical Prep Midyear Budget Summary

 

Dear Classical Preparatory Community,

We are a little more than halfway through our third school year, and we continue to vigorously pursue an exceptional, intellectually rigorous education. We continue to develop within students the intellectual and personal habits and skills upon which responsible, independent and productive lives are built, in the firm belief that such lives are the basis of a free and just society. We see validation of the success our academic mission in our recent success. By measure of the Florida Standards Assessments and End of Course Assessments, Classical Preparatory School scored extremely well, and in some cases, such as math learning gains, scored in the top 1% in the state. This success has categorized Classical Prep amongst the most academically successful schools in the state. Although the success or failure of our educational mission is not determined solely by performance on standardized assessments, our accomplishments here indicate that our school is far exceeding the traditional educational standard.

Our financial position at Classical Preparatory School is extremely healthy, which allows us to accomplish our educational objectives. By means of a competitive salary and benefits package, our leadership, in conjunction with our Board of Directors, continue to pursue one of our school’s highest priorities: to hire and retain excellent teachers. I am committed to the wise stewardship of our school funds, and in the spirit of financial transparency, I have made our 2016-2017 budget available for public review. 

With much enthusiasm for the future of our school, I thank you for your continued support and partnership in the education of your student(s).

Ben Davis
Headmaster

 
See how public funds were allocated in Classical Prep's Midyear Budge Summaries:
 
 

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