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Nonprofiteer
← PINECREST ACADEMY OF NEVADA FOUNDATION

Form 990 for tax year 2023

Filed by PINECREST ACADEMY OF NEVADA FOUNDATION.

Totals

Total revenue
$5,656,511
Total expenses
$5,073,427
Contributions and grants received
$648,450
Grants paid
$0
Program service revenue
$4,667,546
Investment income
$448,700
Other revenue
-$108,185
Total assets, end of year
$103,950,000
Total liabilities, end of year
$99,544,769
Net assets or fund balances, end of year
$4,405,231
Program services expenses (Part IX)
$5,073,427
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,073,427

Program services were 100.0% 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.

  • 1c · Fundraising events

    $206,341

  • 1f · All other contributions, gifts and grants

    $442,109

  • 2a · Program service revenue: RELATED INTEREST INCOME

    total $4,667,546 · related or exempt $4,667,546

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $448,700 · excluded $448,700

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

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

    $206,341

  • 8b · Fundraising events: direct expenses

    $119,434

  • 8c · Net income from fundraising events

    total -$119,434 · excluded -$119,434

  • 11a · Other revenue: OTHER REVENUE

    total $11,249 · excluded $11,249

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,249

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,569 · program services $1,569

  • 11g · Fees: other

    total $383,742 · program services $383,742 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $10,000 · program services $10,000

  • 20 · Interest

    total $4,599,454 · program services $4,599,454

  • 24a · Other expenses: Operating Expenses

    total $50,369 · program services $50,369

  • 24b · Other expenses: MISCELLANEOUS Expense

    total $28,293 · program services $28,293

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $359,797 · end of year $15,538

  • 2 · Savings and temporary cash investments

    beginning of year $9,771,441 · end of year $10,314,526

  • 4 · Accounts receivable

    beginning of year $700

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $94,530,896 · end of year $93,574,380

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $83,236 · end of year $45,556

  • 20 · Tax-exempt bond liabilities

    beginning of year $98,575,582 · end of year $97,613,594

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $2,348,341 · end of year $1,931,175

  • 27 · Net assets without donor restrictions

    beginning of year $3,746,222 · end of year $4,189,239

  • 28 · Net assets with donor restrictions

    beginning of year $75,925 · end of year $215,992

Mission and programs · 2023

Mission

PINECREST ACADEMY OF NEVADA FOUNDATION'S SPECIFIC PURPOSE IS TO PROVIDE FUNDING EXCLUSIVELY TO PINECREST ACADEMY OF NEVADA CAMPUSES AND IT'S GOVERNING BOARD IN SUPPORT OF PROGRAMS AND OTHER EDUCATIONAL PURSUITS WHICH HAVE NOT PREVIOUSLY BEEN FUNDED OR WHICH CAN NO LONGER BE FUNDED THROUGH THE REGULAR SCHOOL BUDGET.

Activities or mission (Part I)

PINECREST ACADEMY OF NEVADA FOUNDATION'S PURPOSE IS TO PROVIDE FUNDING TO PINECREST ACADEMY OF NEVADA CAMPUSES IN SUPPORT OF PROGRAMS AND EDUCATIONAL PURSUITS.

  • THE FOUNDATION FINANCED THE PURCHASE OF LAND AND FACILITIES FOR PINECREST ACADEMY OF NORTHERN NEVADA.

    Expenses $4,599,454 · Revenue $4,667,546

  • DURING THIS YEAR THE FOUNDATION ENGAGED IN FUNDRAISING ACTIVITIES IN SUPPORT OF THE PROGRAMS AND EDUCATIONAL PURSUITS OF THE PINECREST ACADEMY OF NEVADA.

    Expenses $473,973

As filed on the 2023 return.

Listed in Part VII

  • Craig Seiden

    Board chair

    Total calculated
    $0
    Hours/week
    2

  • KACEY THOMAS

    BOARD CHAIR (begin 2/28/24)

    Total calculated
    $0
    Hours/week
    2

  • LISA SATORY

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • TRAVIS KEYS

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202541129349300824

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