Corporate sponsorship at Academy Prep means building ways for corporate partners to see the connection between the mission of Academy Prep and the values and direction of the company. Academy Prep works closely with its corporate sponsors to identify how a sponsorship will have direct impact on the challenges related to the students served and the community in which we all live.
Corporate sponsorships are available through special events, scholarships, student activities, capital projects and program support.
The following priority areas are opportunities for corporate support:
Adopting 21st century technology in our classrooms is essential for students to access the wide range of information available. Technology needs include Chromebooks, laptops, computers, and new software.
Continued Campus Improvement
The ongoing beautification of the campus and the continued high-quality maintenance of classrooms and buildings creates an environment in which students feel comfortable, motivated and proud. The community is also improved with a campus that sets a standard.
In order to help prepare students for a college prep curriculum and enhance their academic and social achievement, intensive supplemental educational programs in areas such as robotics, STEM, social and emotional learning, and financial literacy are essential.
Eleventh Month Program
Our unique summer program is a component of our 11-month curriculum. All students attend this academically demanding session, balanced by a variety of enrichment activities.
Our enrichment classes reflect a wide range of interests and activities. The impact of these classes extends well beyond the classroom and expands students’ world views and cultural experiences. Classes range from chess to athletics, arts, cooking, and yoga.
Scholarship – Adopt A Class
This type of investment impacts student achievement and provides job shadowing, internships, and summer employment opportunities for Academy Prep students and graduates, special class activities, annual class trips, and classroom resources.
A Return on Investment
That is what Academy Prep provides – a supportive environment which includes a rigorous academic program with high standards, an array of enrichment activities, caring and dedicated staff, a priority for family involvement, an emphasis on strong social and ethical behavior, and continuous support to students as they go through to high school and college. Corporate involvement helps to identify the educational challenges in the community, provides an opportunity to set the agenda for change, and supports the excellence at Academy Prep. The return on investment is extraordinary.
COMMUNITY CONTRIBUTION TAX CREDIT PROGRAM
The Community Contribution Tax Credit Program provides a financial incentive (up to 50% tax credit) to encourage Florida businesses to make donations toward community development and housing projects for low-income persons.
The tax credit is easy for a business to receive. Businesses located anywhere in Florida that make donations to approved community development capital projects located in an enterprise zone may receive a tax credit equal to up to 50 percent of the value of that donation. Businesses may take the credit on Florida corporate income tax, insurance premium tax, or as a refund against sales tax (for businesses or individuals registered to collect and remit sales taxes with the Department of Revenue). In addition, contributing businesses may also receive a federal charitable tax deduction of up to 35 percent for making a gift.
Before making a donation, please be sure it will qualify. To receive approval, a business donating to an eligible sponsor need only submit a tax credit application with the Office of Tourism, Trade and Economic Development (OTTED). In order to claim the tax credit, simply attach proof of the approved donation when you file your state tax return. In order to claim a sales tax refund, submit an Application for a Sales Tax Refund.
How to Become an Approved CCTCP Donor:
Who is Eligible?
Any corporation paying Florida corporate income tax or insurance premium tax is eligible to receive a tax credit equal to up to 50 percent of the value of donations to approved projects. Any business or individual registered with the Department of Revenue to collect and remit sales tax is eligible to apply for a 50 percent refund of their sales and use tax remitted.
What is an Eligible Contribution?
Cash, property, and goods donated to approved sponsors are eligible for the credit. Donations must be directly used in the approved project. Dues and services are not eligible donations. Contributions may not be used to pay the administrative or operational costs of the sponsor.
An organization must be approved as a sponsor before it receives a donation eligible for this tax credit. Academy Prep is an approved sponsor.
How Much Credit Can a Business Receive?
A business is eligible to receive credits of up to $200,000 per tax year. Unused corporate income tax credits may be carried over for up to 5 years. Unused sales tax refunds may be claimed for three years after the first refund application. Each fiscal year (July 1 to June 30) the legislature sets a dollar amount for available tax credits. Since 1999, the limit has been set at $10 million per year in tax credits.