Pinecrest Academy Of Nevada
- Assets
- $181.0m
- Revenue
- $55.2m
- Investments
- $0.0
- Employees
- 648
- Location
- Las Vegas, NV
- Founding
- 04/2017
- Data as of
- 06/2021
- 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 06/2021, Pinecrest Academy Of Nevada employed 648 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 06/2021, Pinecrest Academy Of Nevada generated $55.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $59.9m during the year ending 06/2021. While expenses have increased by 15.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PINECREST ACADEMY OF NEVADA IS A COLLEGE PREP CHARTER SCHOOL.
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.
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.
NATIONAL SCHOOL LUNCH PROGRAM (NSLP)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O'dowd Principal- Pinecrest Inspirada | 40 | $145,249 | |
Lisa Satory Principal - Pinecrest Sloan | 40 | $127,768 | |
Jessica Leneave Principal - Pinecrest Cadence | 40 | $120,298 | |
Wendy Shirey Principal - Pinecrest Horizon | 40 | $101,364 | |
Travis Keys Board Chair | OfficerTrustee | 2 | $0 |
Kacey Thomas 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 | $53,649,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,767,118 |
| Total Program Service Revenue | $1,201,765 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $2,574 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,227,601 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,308,377 |
| Pension plan accruals and contributions | $9,752,594 |
| Other employee benefits | $2,568,816 |
| Payroll taxes | $803,462 |
| Fees for services: Management | $3,111,228 |
| Fees for services: Legal | $6,574 |
| Fees for services: Accounting | $56,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,490,892 |
| Advertising and promotion | $4,505 |
| Office expenses | $2,232,249 |
| Information technology | $1,531,387 |
| Royalties | $0 |
| Occupancy | $1,983,767 |
| Travel | $155,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,912 |
| Interest | $6,895,106 |
| Payments to affiliates | $238,020 |
| Depreciation, depletion, and amortization | $3,257,218 |
| Insurance | $221,369 |
| All other expenses | $1,319,499 |
| Total functional expenses | $59,942,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,119,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,078,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,267 |
| Prepaid expenses and deferred charges | $233,075 |
| Net Land, buildings, and equipment | $111,702,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,824,419 |
| Total assets | $180,969,815 |
| Accounts payable and accrued expenses | $6,966,184 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $142,500,305 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,509,990 |
| Other liabilities | $38,946,805 |
| Total liabilities | $194,923,284 |
| Net assets without donor restrictions | -$4,722,860 |
| Net assets with donor restrictions | -$9,230,609 |
| 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 | $180,969,815 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pinecrest Academy Of Nevada has recieved totaling $15,671.
| Awarding Organization | Amount |
|---|---|
Raiders Foundation Henderson, NV PURPOSE: PROGRAM SUPPORT | $10,376 |
Speedway Childrens Charities Concord, NC PURPOSE: EDUCATIONAL | $5,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |
Viewpoint Educational Foundation Calabasas, CA | $147,164,644 | $51,317,532 |
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |