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American Preparatory Education Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$209k (2023)

Expenses
$224k (2023)

Total Assets
$1.99M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,399
Expenses
$224,363
Net Income
-$14,964
Net Assets
$1,993,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $106,355
50.8%
Program Services $74,937
35.8%
Investment Income $20,694
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,413
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $68,574
30.6%
Assets/Debt
Total Assets $1,993,698
Total Liabilities $0
Net Assets $1,993,698
Compensation
Key Employees and Officers Compensation Related Other
Brian Hanks (Director) $0 $0 $0
Peggy Daniel (Director) $0 $0 $0
Rachana Hegde (Director) $0 $0 $0
Stephen Smith (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Kevin Mc Vicar (Chair) $0 $0 $0
Gwendolyn Hortin (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$699,099
Expenses
$215,829
Net Income
$483,270
Net Assets
$2,008,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,547
4.5%
Program Services $158,261
22.6%
Investment Income $165
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $509,126
72.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $48,387
22.4%
Assets/Debt
Total Assets $2,008,662
Total Liabilities $0
Net Assets $2,008,662
Compensation
Key Employees and Officers Compensation Related Other
Brian Hanks (Director) $0 $0 $0
Peggy Daniel (Director) $0 $0 $0
Rachana Hegde (Director) $0 $0 $0
Stephen Smith (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Kevin Mc Vicar (Chair) $0 $0 $0
Gwendolyn Hortin (Vice Chair) $0 $0 $0
Michelle Goudge (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$785,139
Expenses
$149,017
Net Income
$636,122
Net Assets
$1,525,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,668
8.4%
Program Services $89,282
11.4%
Investment Income $277
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $629,912
80.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $48,700
32.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,542,750
Total Liabilities $17,358
Net Assets $1,525,392
Compensation
Key Employees and Officers Compensation Related Other
Brian Hanks (Director) $0 $0 $0
Peggy Daniel (Director) $0 $0 $0
Rachana Hegde (Director) $0 $0 $0
Stephen Smith (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Kevin Mc Vicar (Chair) $0 $0 $0
Gwendolyn Hortin (Vice Chair) $0 $0 $0
Michelle Goudge (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,901
Expenses
$440,015
Net Income
-$205,114
Net Assets
$469,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,681
38.2%
Program Services $98,859
42.1%
Investment Income $6,133
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $40,228
17.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $40,566
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,065,630
Total Liabilities $596,162
Net Assets $469,468
Compensation
Key Employees and Officers Compensation Related Other
Stephen Smith (Director) $0 $0 $0
James Economides (Director) $0 $0 $0
Brian Hanks (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Gwendolyn Hortin (Director) $0 $0 $0
Kevin Mc Vicar (Chair) $0 $0 $0
Michelle Goudge (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$816,376
Expenses
$1,154,187
Net Income
-$337,811
Net Assets
$674,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $261,641
32.0%
Program Services $474,444
58.1%
Investment Income $20,807
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $59,484
7.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,105
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,332,425
Total Liabilities $657,843
Net Assets $674,582
Compensation
Key Employees and Officers Compensation Related Other
Michelle Goudge (Executive Director) $19,105 $0 $0
Rick Peterson (Chair) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Gwendolyn Hortin (Director) $0 $0 $0
Stephen Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,150,341
Expenses
$589,628
Net Income
$560,713
Net Assets
$1,012,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,085,719
94.4%
Program Services $0
Investment Income $64,622
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,912,432
Total Liabilities $900,039
Net Assets $1,012,393
Compensation
Key Employees and Officers Compensation Related Other
Kreg Wagner (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Michael S Headlee (Director) $0 $0 $0
Rick Peterson (Director) $0 $0 $0
Heather Wall (Director) $0 $0 $0
Pamela Graves (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$654,134
Expenses
$491,255
Net Income
$162,879
Net Assets
$451,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $654,134
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,673,812
Total Liabilities $1,222,132
Net Assets $451,680
Compensation
Key Employees and Officers Compensation Related Other
Hugh Matheson (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Michael S Headlee (Director) $0 $0 $0
Rick Peterson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$394,828
Expenses
$197,167
Net Income
$197,661
Net Assets
$288,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $394,828
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,850,698
Total Liabilities $1,561,897
Net Assets $288,801
Compensation
Key Employees and Officers Compensation Related Other
Hugh Matheson (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Michael S Headlee (Director) $0 $0 $0
Rick Peterson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,200
Expenses
$114,175
Net Income
$17,025
Net Assets
$91,140
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,200
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $104,214
Total Liabilities $13,074
Net Assets $91,140
Compensation
Key Employees and Officers Compensation Related Other
Hugh Matheson (Director) $0 $0 $0
Howard Headlee (Director) $0 $0 $0
Michael S Headlee (Director) $0 $0 $0
Rick Peterson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,824
Expenses
$36,406
Net Income
$53,418
Net Assets
$74,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,824
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,115
Total Liabilities $0
Net Assets $74,115

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,367
Expenses
$309,842
Net Income
$14,525
Net Assets
$21,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $299,769
92.4%
Program Services $24,598
7.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,081
Total Liabilities $0
Net Assets $21,081

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$26,447
Expenses
$19,969
Net Income
$6,478
Net Assets
$6,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,447
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $6,478
Total Liabilities $0
Net Assets $6,478

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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