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Nonprofiteer
← PINECREST ACADEMY INC

Form 990 for tax year 2023

Filed by PINECREST ACADEMY INC.

Totals

Total revenue
$184,899,234
Total expenses
$141,019,089
Contributions and grants received
$162,895,763
Grants paid
$0
Program service revenue
$9,538,909
Investment income
$4,958,433
Other revenue
$7,506,129
Total assets, end of year
$276,079,643
Total liabilities, end of year
$173,967,844
Net assets or fund balances, end of year
$102,111,799
Program services expenses (Part IX)
$126,461,814
Management and general expenses
$14,557,275
Fundraising expenses
$0
Program service expenses (Part III)
$126,461,814

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $162,895,763

  • 2a · Program service revenue: COMMUNITY SERVICES FEES

    total $4,651,435 · related or exempt $4,651,435

  • 2b · Program service revenue: PRE-K FEES

    total $1,730,967 · related or exempt $1,730,967

  • 2c · Program service revenue: FOOD SERVICES FEES

    total $1,540,010 · related or exempt $1,540,010

  • 2d · Program service revenue: AFTER CARE

    total $1,519,797 · related or exempt $1,519,797

  • 2e · Program service revenue: OPERATION OF PLANT

    total $96,700 · related or exempt $96,700

  • 3 · Investment income

    total $4,958,433 · related or exempt $4,958,433

  • 11a · Other revenue: ROU ASSET VALUE ADJUSTMENT

    total $7,209,870 · related or exempt $7,209,870

  • 11b · Other revenue: E-RATE REBATES

    total $214,307 · related or exempt $214,307

  • 11c · Other revenue: OTHER INCOME

    total $48,802 · related or exempt $48,802

  • 11d · All other revenue

    total $33,150 · related or exempt $33,150

  • 11e · Other revenue, total

    $7,506,129

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $61,531,722 · program services $52,973,527 · management and general $8,558,195

  • 8 · Pension plan contributions

    total $1,067,789 · program services $861,560 · management and general $206,229

  • 9 · Other employee benefits

    total $10,976,258 · program services $9,547,835 · management and general $1,428,423

  • 11a · Fees: management

    total $5,799,082 · program services $3,776,057 · management and general $2,023,025

  • 11b · Fees: legal

    total $76,987 · management and general $76,987

  • 11g · Fees: other

    total $4,617,775 · program services $4,105,382 · management and general $512,393

  • 12 · Advertising and promotion

    total $229,813 · program services $229,813

  • 16 · Occupancy

    total $19,686,719 · program services $19,686,719

  • 17 · Travel

    total $108,883 · program services $91,692 · management and general $17,191

  • 20 · Interest

    total $1,363,953 · program services $1,363,953

  • 22 · Depreciation, depletion and amortization

    total $4,440,895 · program services $4,404,304 · management and general $36,591

  • 23 · Insurance

    total $1,449,123 · program services $1,449,123

  • 24a · Other expenses: AFTER CARE EXPENSES

    total $5,816,058 · program services $5,816,058 · management and general $0

  • 24b · Other expenses: COMMUNITY SERVICES

    total $4,180,418 · program services $4,180,418 · management and general $0

  • 24c · Other expenses: SUPPLIES

    total $2,605,725 · program services $2,327,144 · management and general $278,581

  • 24d · Other expenses: CATERING

    total $2,439,002 · program services $2,439,002 · management and general $0

  • 24e · All other expenses

    total $14,628,887 · program services $13,209,227 · management and general $1,419,660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,805,684 · end of year $71,888,159

  • 3 · Pledges and grants receivable

    beginning of year $12,100,890 · end of year $20,820,762

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,560,077 · end of year $1,673,379

  • 10a · Land, buildings and equipment: cost or other basis

    $72,372,792

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,054,251

  • 10c · Land, buildings and equipment, net

    beginning of year $39,837,792 · end of year $45,318,541

  • 15 · Other assets

    beginning of year $105,347,545 · end of year $136,378,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,597,482 · end of year $10,263,401

  • 19 · Deferred revenue

    beginning of year $2,214,792 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $26,471,906 · end of year $25,858,069

  • 23 · Secured mortgages and notes payable

    beginning of year $854,697 · end of year $5,522,968

  • 25 · Other liabilities

    beginning of year $112,281,457 · end of year $132,323,406

  • 27 · Net assets without donor restrictions

    beginning of year $53,392,020 · end of year $92,994,773

  • 28 · Net assets with donor restrictions

    beginning of year $4,839,634 · end of year $9,117,026

Mission and programs · 2023

Mission

ESTABLISHED AS A CHARTER SCHOOL OPERATOR IN THE DISTRICT SCHOOL BOARDS OF MIAMI-DADE, ORANGE, AND LAKE COUNTIES, FLORIDA AND PROVIDING INDIVIDUAL INSTRUCTION IN A NURTURING ENVIRONMENT, ENSURING COLLEGE AND CAREER SUCCESS, USING RIGOR, RELEVANCE, AND RELATIONSHIPS TO EMPOWER STUDENTS TO BECOME TOMORROW'S GLOBAL LEADERS.

Activities or mission (Part I)

ESTABLISHED AS A CHARTER SCHOOL OPERATOR IN THE DISTRICT SCHOOL BOARDS OF MIAMI-DADE AND ORANGE COUNTIES, FLORIDA AND PROVIDING INDIVIDUAL INSTRUCTION IN A NURTURING ENVIRONMENT, ENSURING COLLEGE AND CAREER SUCCESS, USING RIGOR, RELEVANCE, AND RELATIONSHIPS TO EMPOWER STUDENTS TO BECOME TOMORROW'S GLOBAL LEADERS.

  • THE SCHOOLS PROVIDE EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR FISCAL YEAR ENDED JUNE 30, 2024, APPROXIMATELY 11,800 STUDENTS WERE ENROLLED.

    Expenses $126,461,814 · Revenue $22,003,471

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erin Demirjian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheila Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Albert Maillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carlos Alvarez

    PRESIDENT, CHAIRMAN, & DIR

    Total calculated
    $0
    Hours/week
    2

  • Juan Molina

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shannie Sadesky

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Perez

    ASSISTANT PRINCIPAL

    Total calculated
    $148,910
    From this org
    $148,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Vanessa Nario

    ASSISTANT PRINCIPAL

    Total calculated
    $111,929
    From this org
    $111,929
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janette Sierra

    PRINCIPAL

    Total calculated
    $115,916
    From this org
    $115,916
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Delia Hoffmeister

    PRINCIPAL

    Total calculated
    $107,025
    From this org
    $107,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ana C Mendez

    PRINCIPAL

    Total calculated
    $152,678
    From this org
    $152,678
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,678
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,678

  • Ericka Briones

    PRINCIPAL

    Total calculated
    $109,443
    From this org
    $109,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elaine Clemente

    PRINCIPAL

    Total calculated
    $123,852
    From this org
    $123,852
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Desiree Lumpuy

    PRINCIPAL

    Total calculated
    $112,458
    From this org
    $112,458
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Vanessa Rodriguez

    PRINCIPAL

    Total calculated
    $136,513
    From this org
    $136,513
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jannette Gonzalez

    PRINCIPAL

    Total calculated
    $103,860
    From this org
    $103,860
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rebecca Schanck

    PRINCIPAL

    Total calculated
    $106,782
    From this org
    $106,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Victoria Larrauri

    PRINCIPAL

    Total calculated
    $179,848
    From this org
    $179,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,848
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $179,848

  • Grace Gasset

    PRINCIPAL

    Total calculated
    $109,158
    From this org
    $109,158
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susie Dopico

    PRINCIPAL

    Total calculated
    $226,488
    From this org
    $226,488
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,488
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $226,488

  • Stewart Salvador

    PRINCIPAL

    Total calculated
    $103,532
    From this org
    $103,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Caridad Montano

    PRINCIPAL

    Total calculated
    $159,491
    From this org
    $159,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,491
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,491

  • Cristina Alcalde

    PRINCIPAL

    Total calculated
    $143,612
    From this org
    $143,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aimee Mielke

    PRINCIPAL

    Total calculated
    $134,011
    From this org
    $134,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amelia De Los Milagros Vildosola

    PRINCIPAL

    Total calculated
    $136,088
    From this org
    $136,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Kairalla

    VICE PRINCIPAL

    Total calculated
    $120,966
    From this org
    $120,966
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Jimenez

    VICE PRINCIPAL

    Total calculated
    $109,501
    From this org
    $109,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202500649349301635

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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