Pinecrest Academy Of Nevada Foundation
- Assets
- $106.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 82-0598713
Organization Overview
Pinecrest Academy Of Nevada Foundation is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinecrest Academy Of Nevada Foundation 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 Foundation generated $5.0m in total revenue. All expenses for the organization totaled $5.7m during the year ending 06/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PINECREST ACADEMY OF NEVADA FOUNDATION'S PURPOSE IS TO PROVIDE FUNDING TO PINECREST ACADEMY OF NEVADA CAMPUSES IN SUPPORT OF PROGRAMS AND EDUCATIONAL PURSUITS.
Describe the Organization's Program Activity:
Part 3
PINECREST ACADEMY OF NEVADA SUPPORT - SUPPORT PROGRAMS AND OTHER EDUCATIONAL PURSUITS OF PINECREST ACADEMY OF NEVADA
DURING THIS YEAR THE FOUNDATION ENGAGED IN FUNDRAISING ACTIVITIES IN SUPPORT OF THE PROGRAMS AND EDUCATIONAL PURSUITS OF THE PINECREST ACADEMY OF NEVADA.
THE FOUNDATION FINANCED THE PURCHASE OF LAND AND FACILITIES FOR PINECREST ACADEMY OF NORTHERN NEVADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Seiden President | 2 | $0 | |
Kacey Thomas Vice President | 2 | $0 | |
Lisa Satory Secretary | 2 | $0 | |
Craig Seiden Board President | OfficerTrustee | 2 | $0 |
Kacey Thomas Board Vice President | OfficerTrustee | 2 | $0 |
Lisa Satory Board Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,886 |
| Noncash contributions included in lines 1a–1f | $9,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,886 |
| Total Program Service Revenue | $4,666,418 |
| Investment income | $3,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,977,094 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,539,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $151,404 |
| Total functional expenses | $5,691,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,821 |
| Savings and temporary cash investments | $10,527,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $95,144,729 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,916 |
| Total assets | $106,067,018 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $99,507,570 |
| 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 | $1,496,249 |
| Other liabilities | $1,821,699 |
| Total liabilities | $102,825,518 |
| Net assets without donor restrictions | $2,834,776 |
| Net assets with donor restrictions | $406,724 |
| 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 | $106,067,018 |