Pinewood Preparatory School
- Assets
- $18.5m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 158
- Location
- Summerville, SC
- Founding
- 12/1974
- Data as of
- 05/2023
- EIN
- 57-0513825
Organization Overview
Pinewood Preparatory School is located in Summerville, SC. The organization was established in 1974. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Pinewood Preparatory School employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinewood Preparatory School 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 05/2023, Pinewood Preparatory School generated $11.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $8.4m during the year ending 05/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION - PRESCHOOL THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMICS -CURRICULUM INCLUDES COLLEGE PREPARATORY PROGRAM, MUSIC, ART, DRAMA, PHYSICAL EDUCATION, ATHLETICS, STUDENT ACTIVITIES,AND SCIENCE LABS.
AUXILLARY ACTIVITIES -INCLUDES THE VARIOUS FUNCTIONS, FOOD SERVICE AND OTHER ACTIVITIES TO SUPPORT THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Mcconnell Vice Chairperson | OfficerTrustee | 1 | $0 |
Sarah Windham Treasurer | OfficerTrustee | 1 | $0 |
Perrin Conrad Secretary | OfficerTrustee | 1 | $0 |
Jessie Gauthier Trustee | Trustee | 1 | $0 |
Kevin Brown Trustee | Trustee | 1 | $0 |
Bill Cobb Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southeastern Construction | 5/30/23 | $4,502,081 |
Moore Van Allen | 5/30/23 | $1,734,248 |
Fieldturf Usa | 5/30/23 | $653,337 |
Torrence | 5/30/23 | $238,797 |
Divvy | 5/30/23 | $200,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,935,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,935,794 |
| Total Program Service Revenue | $9,011,152 |
| Investment income | $11,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $88,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,046,727 |
| 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. | $344,382 |
| Compensation of current officers, directors, key employees. | $24,107 |
| Compensation to disqualified persons | $542,400 |
| Other salaries and wages | $4,048,565 |
| Pension plan accruals and contributions | $84,809 |
| Other employee benefits | $377,943 |
| Payroll taxes | $315,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,257 |
| Office expenses | $57,999 |
| Information technology | $61,664 |
| Royalties | $0 |
| Occupancy | $189,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $256,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $603,785 |
| Insurance | $158,360 |
| All other expenses | $552,393 |
| Total functional expenses | $8,407,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,782,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,010,977 |
| Accounts receivable, net | $599,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,893 |
| Net Land, buildings, and equipment | $13,974,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,852 |
| Total assets | $18,504,767 |
| Accounts payable and accrued expenses | $967,991 |
| Grants payable | $0 |
| Deferred revenue | $1,517,033 |
| Tax-exempt bond liabilities | $3,508,274 |
| Escrow or custodial account liability | $74,852 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,126,580 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,027 |
| Total liabilities | $11,284,757 |
| Net assets without donor restrictions | $7,095,404 |
| Net assets with donor restrictions | $124,606 |
| 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 | $18,504,767 |