Pinecrest Academy Of Nevada
- Assets
- $175.1m
- Revenue
- $68.0m
- Investments
- $0.0
- Employees
- 720
- Location
- Las Vegas, NV
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 45-5065099
Organization Overview
Pinecrest Academy Of Nevada is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pinecrest Academy Of Nevada employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinecrest Academy Of Nevada is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pinecrest Academy Of Nevada generated $68.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $65.0m during the year ending 06/2022. While expenses have increased by 14.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PINECREST ACADEMY OF NEVADA IS A COLLEGE PREP CHARTER SCHOOL THAT UNITES THE COMMUNITY TO PREPARE STUDENTS FOR COLLEGE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIVE SCHOOL ACCOUNT - GENERAL, NON-GRANT, INSTRUCTIONAL INCOME AND EXPENSES AS DETERMINED BY STUDENT POPULATION AND CAMPUS.
NATIONAL SCHOOL LUNCH PROGRAM (NSLP)
DISTRIBUTVE SCHOOL ACCOUNT - GENERAL, NON-GRANT, INSTRUCTIONAL INCOME AND EXPENSES AS DETERMINED BY STUDENT POPULATION AND CAMPUS.
SPECIAL EDUCATION FUNDING - EXPENSES ASSOCIATED WITH SPECIAL EDUCATION, IN ADDITION TO THE GENERALIZED EXPENSES COVERED BY THE OPERATING ACCOUNT.
SPECIAL EDUCATION FUNDING - EXPENSES ASSOCIATED WITH SPECIAL EDUCATION, IN ADDITION TO THE GENERALIZED EXPENSES COVERED BY THE OPERATING ACCOUNT.
STUDENT GENERATED FUNDS - ACTIVITIES INCLUDE AFTERCARE, CLUBS, CAMPUS VENDING MACHINES, CONCESSIONS OPERATED BY STUDENT AND FACILITY VOLUNTEERS, AND OTHER ORGANIZED SCHOOL ACTIVITIES.
STUDENT GENERATED FUNDS - ACTIVITIES INCLUDE AFTERCARE, CLUBS, CAMPUS VENDING MACHINES, CONCESSIONS OPERATED BY STUDENT AND FACILITY VOLUNTEERS, AND OTHER ORGANIZED SCHOOL ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Leneave Principal - Pinecrest Cadence | 40 | $143,427 | |
Lisa Satory Principal - Pinecrest Sloan | 40 | $134,614 | |
Michael O'dowd Principal- Pinecrest Inspirada | 40 | $150,919 | |
John Haskel Principal - Pinecrest St. Rose | 40 | $104,037 | |
Wendy Shirey Principal - Pinecrest Horizon | 40 | $112,236 | |
Marni Watkins Board Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,347,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $632,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,979,810 |
| Total Program Service Revenue | $3,127,525 |
| Investment income | $904,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,019,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,919 |
| Compensation of current officers, directors, key employees. | $16,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,235,957 |
| Pension plan accruals and contributions | $5,201,760 |
| Other employee benefits | $2,818,683 |
| Payroll taxes | $366,920 |
| Fees for services: Management | $3,072,549 |
| Fees for services: Legal | $8,084 |
| Fees for services: Accounting | $72,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,837,957 |
| Advertising and promotion | $9,435 |
| Office expenses | $372,142 |
| Information technology | $2,402,767 |
| Royalties | $0 |
| Occupancy | $1,120,630 |
| Travel | $6,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,091,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,534,965 |
| Insurance | $66,849 |
| All other expenses | $1,444,350 |
| Total functional expenses | $65,041,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,173,520 |
| Savings and temporary cash investments | $5,998,575 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,740,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,496,249 |
| Inventories for sale or use | $12,267 |
| Prepaid expenses and deferred charges | $54,326 |
| Net Land, buildings, and equipment | $117,642,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,026,261 |
| Total assets | $175,143,552 |
| Accounts payable and accrued expenses | $4,854,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $43,088,534 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $95,144,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,818,383 |
| Total liabilities | $192,906,514 |
| Net assets without donor restrictions | -$3,750,218 |
| Net assets with donor restrictions | -$14,012,744 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $175,143,552 |