Pine Crest Preparatory School Inc
- Assets
- $333.2m
- Revenue
- $117.0m
- Investments
- $16.2m
- Employees
- 796
- Location
- Fort Lauderdale, FL
- Founding
- 01/1962
- Data as of
- 06/2022
- EIN
- 59-0861374
Organization Overview
Pine Crest Preparatory School Inc is located in Fort Lauderdale, FL. The organization was established in 1962. 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, Pine Crest Preparatory School Inc employed 796 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Crest Preparatory School Inc 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, Pine Crest Preparatory School Inc generated $117.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $94.4m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; TO PREPARE OUR STUDENTS TO MEET THE GLOBAL CHALLENGES OF OUR FUTURE BY OFFERING AN EXCEPTIONAL ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN ARTS AND ATHLETICS; AND TO BUILD A COLLABORATIVE, INCLUSIVE, AND OPEN-MINDED LEARNING COMMUNITY THAT RESPECTS, APPRECIATES, AND ENCOURAGES THOSE WITH DIVERSE CULTURES, BACKGROUNDS, TALENTS, EXPERIENCES, AND OPINIONS.
Describe the Organization's Program Activity:
PINE CREST OFFERS A COLLEGE PREPARATORY ACADEMIC CURRICULUM ALONG WITH RELATED ACTIVITIES FOR GRADES PRE-K - 12TH AT FORT LAUDERDALE CAMPUS AND PRE-K - 8TH AT BOCA RATON CAMPUS WITH APPROXIMATELY 2,690 STUDENTS.
SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dana Markham President | Officer | 40 | $1,048,913 |
Nancy Greene Vice President Of Finance/operations | Officer | 40 | $377,157 |
Whitney Walters-Sachs Vp, School And Legal Affairs | Officer | 40 | $273,716 |
Susan Peirce Vice President Of Advancement | Officer | 40 | $238,180 |
Melanie Connors Vice President Of Admission | Officer | 40 | $220,655 |
Joseph Markham Exec Dir Of Security And Support | Officer | 40 | $218,162 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Food Services | 6/29/22 | $4,988,775 |
Thornton Construction Company Inc Construction Services | 6/29/22 | $2,429,120 |
Ez Factoring Llc Cleaning Services | 6/29/22 | $1,539,600 |
Kmj Lawn & Landscape Inc Grounds Maintenance | 6/29/22 | $1,437,111 |
Ohl Building Inc Construction Services | 6/29/22 | $1,381,558 |
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 | $5,941,288 |
| Noncash contributions included in lines 1a–1f | $148,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,941,288 |
| Total Program Service Revenue | $97,729,599 |
| Investment income | $10,725,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,259,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,032,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,464,216 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,104,890 |
| Compensation of current officers, directors, key employees. | $2,343,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,769,556 |
| Pension plan accruals and contributions | $2,575,607 |
| Other employee benefits | $3,181,287 |
| Payroll taxes | $2,856,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,767 |
| Fees for services: Accounting | $115,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $453,529 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117,552 |
| Office expenses | $185,771 |
| Information technology | $1,760,519 |
| Royalties | $0 |
| Occupancy | $8,058,380 |
| Travel | $174,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,531 |
| Interest | $1,726,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,274,201 |
| Insurance | $2,314,248 |
| All other expenses | $1,031,724 |
| Total functional expenses | $94,365,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,516,205 |
| Savings and temporary cash investments | $61,947,599 |
| Pledges and grants receivable | $8,928,337 |
| Accounts receivable, net | $43,738,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $479,959 |
| Prepaid expenses and deferred charges | $2,991,147 |
| Net Land, buildings, and equipment | $116,003,952 |
| Investments—publicly traded securities | $69,604,182 |
| Investments—other securities | $16,243,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,784,365 |
| Total assets | $333,237,666 |
| Accounts payable and accrued expenses | $5,596,698 |
| Grants payable | $0 |
| Deferred revenue | $91,872,605 |
| Tax-exempt bond liabilities | $60,740,344 |
| 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 | $0 |
| Other liabilities | $3,307,616 |
| Total liabilities | $161,517,263 |
| Net assets without donor restrictions | $124,224,463 |
| Net assets with donor restrictions | $47,495,940 |
| 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 | $333,237,666 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Pine Crest Preparatory School Inc has recieved totaling $392,317.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $90,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $89,750 |
H I Foundation Inc Fort Lauderdale, FL PURPOSE: TO OFFER A CHALLENGING ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN THE ARTS AND ATHLETICS | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $45,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $26,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $97,145,690 |
| Earnings | -$9,305,259 |
| Net Contributions | $2,205,571 |
| Other Expense | $3,719,410 |
| Ending Balance | $86,326,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Academy Inc Miami, FL | $514,166,798 | $324,310,430 |
Pensacola Christian College Inc Pensacola, FL | $644,308,862 | $135,086,506 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |