Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,427,887

• 1f · All other contributions, gifts and grants

  $12,689,319

• 1g · Noncash contributions included above

  $394,320

• 2a · Program service revenue: TUITION REVENUES

  total $84,982,099 · related or exempt $84,982,099

• 2b · Program service revenue: SCHOOL FEES

  total $7,101,664 · related or exempt $7,101,664

• 2c · Program service revenue: SUMMER SCHOOL/CAMP

  total $3,909,557 · related or exempt $3,909,557

• 2d · Program service revenue: OTHER REVENUES

  total $454,902 · related or exempt $454,902

• 3 · Investment income

  total $2,855,366 · excluded $2,855,366

• 7a · Gross sales of assets other than inventory

  securities $963,343

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $963,343

• 7d · Net gain or loss

  total $963,343 · related or exempt $963,343

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $1,427,887

• 8b · Fundraising events: direct expenses

  $854,797

• 8c · Net income from fundraising events

  total -$854,797 · excluded -$854,797

• 10b · Cost of goods sold

  $7,018

• 10c · Net income from sales of inventory

  total -$7,018 · related or exempt -$7,018

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $150,000 · program services $150,000

• 2 · Grants to domestic individuals

  total $12,453,623 · program services $12,453,623

• 5 · Compensation of officers, directors and key employees

  total $729,078 · management and general $729,078

• 7 · Other salaries and wages

  total $36,586,330 · program services $34,600,153 · management and general $1,156,417 · fundraising $829,760

• 9 · Other employee benefits

  total $6,129,634 · program services $5,547,768 · management and general $474,571 · fundraising $107,295

• 10 · Payroll taxes

  total $2,655,488 · program services $2,504,674 · management and general $98,705 · fundraising $52,109

• 11g · Fees: other

  total $811,066 · program services $343,553 · management and general $467,513

• 12 · Advertising and promotion

  total $601,659 · management and general $601,659

• 14 · Information technology

  total $1,289,149 · program services $1,289,149

• 20 · Interest

  total $1,951,736 · program services $1,951,736

• 22 · Depreciation, depletion and amortization

  total $5,466,773 · program services $5,466,773

• 23 · Insurance

  total $1,884,447 · program services $1,884,447

• 24a · Other expenses: EDUCATIONAL AND STUDENT

  total $10,086,388 · program services $10,086,388

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $3,089,027 · program services $3,078,952 · management and general $7,363 · fundraising $2,712

• 24c · Other expenses: RENTALS AND UTILITIES

  total $2,772,229 · program services $2,026,747 · management and general $421,234 · fundraising $324,248

• 24d · Other expenses: OTHER EXPENSES

  total $616,102 · program services $62,071 · management and general $539,696 · fundraising $14,335

• 24e · All other expenses

  total $492,908 · program services $456,120 · management and general $36,788

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $77,115,300 · end of year $61,450,902

• 2 · Savings and temporary cash investments

  beginning of year $2,686,467 · end of year $10,197,956

• 3 · Pledges and grants receivable

  beginning of year $2,641,573 · end of year $6,747,630

• 4 · Accounts receivable

  beginning of year $77,817 · end of year $27,581

• 8 · Inventories for sale or use

  beginning of year $111,100 · end of year $92,838

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,321,463 · end of year $2,894,316

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

  $194,744,400

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

  $54,318,308

• 10c · Land, buildings and equipment, net

  beginning of year $103,515,330 · end of year $140,426,092

• 11 · Investments: publicly traded securities

  beginning of year $52,524,397 · end of year $55,509,306

• 14 · Intangible assets

  beginning of year $3,964,907 · end of year $3,964,907

• 15 · Other assets

  beginning of year $167,281 · end of year $956,910

• 17 · Accounts payable and accrued expenses

  beginning of year $8,129,162 · end of year $10,527,315

• 19 · Deferred revenue

  beginning of year $50,303,332 · end of year $54,057,788

• 20 · Tax-exempt bond liabilities

  beginning of year $57,017,914 · end of year $59,814,633

• 25 · Other liabilities

  beginning of year $60,000 · end of year $807,026

• 27 · Net assets without donor restrictions

  beginning of year $119,330,769 · end of year $148,252,462

• 28 · Net assets with donor restrictions

  beginning of year $9,284,458 · end of year $8,809,214

The filer's explanations (Part III)

PART I, LINE 7

THE EMPLOYEE WILL BE MEASURED AGAINST THE STRATEGIC GOALS SET FORTH AT THE DISCRETION OF THE BOARD OF TRUSTEES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PINECREST PROPERTY MANAGEMENT HOLD REAL ESTATE HOLDINGS

  RE HOLDING · FL