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← PINECREST ACADEMY OF NEVADA FOUNDATION

Form 990 for tax year 2024

Filed by PINECREST ACADEMY OF NEVADA FOUNDATION.

Totals

Total revenue
$5,044,738
Total expenses
$5,551,554
Contributions and grants received
$716,934
Grants paid
$0
Program service revenue
$4,332,013
Investment income
$0
Other revenue
-$4,209
Total assets, end of year
$107,656,032
Total liabilities, end of year
$103,757,617
Net assets or fund balances, end of year
$3,898,415
Program services expenses (Part IX)
$5,551,554
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,551,554

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

    $117,994

  • 1f · All other contributions, gifts and grants

    $598,940

  • 2a · Program service revenue: RELATED INTEREST INCOME

    total $4,332,013 · related or exempt $4,332,013

  • 2f · All other program service revenue

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

  • 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

    $117,994

  • 8b · Fundraising events: direct expenses

    $4,209

  • 8c · Net income from fundraising events

    total -$4,209 · excluded -$4,209

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,600 · program services $15,600

  • 11g · Fees: other

    total $441,767 · program services $441,767 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $88,085 · program services $88,085

  • 20 · Interest

    total $4,230,106 · program services $4,230,106

  • 24a · Other expenses: Bond EXPENSE

    total $620,381 · program services $620,381

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $10,039 · program services $10,039

  • 24c · Other expenses: DUES & FEES

    total $7,000 · program services $7,000

  • 24d · Other expenses: OPERATING EXPENSE

    total $138,576 · program services $138,576

  • 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 $15,538 · end of year $28,590

  • 2 · Savings and temporary cash investments

    beginning of year $10,314,526 · end of year $12,202,571

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $93,574,380 · end of year $95,416,995

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · 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 $45,556 · end of year $7,876

  • 20 · Tax-exempt bond liabilities

    beginning of year $97,613,594 · end of year $97,416,634

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $430,000

  • 25 · Other liabilities

    beginning of year $1,931,175 · end of year $5,910,983

  • 27 · Net assets without donor restrictions

    beginning of year $4,189,239 · end of year $3,898,415

  • 28 · Net assets with donor restrictions

    beginning of year $215,992

Mission and programs · 2024

Mission

PINECREST ACADEMY OF NEVADA FOUNDATION'S SPECIFIC PURPOSE IS TO PROVIDE FUNDING EXCLUSIVELY TO PINECREST ACADEMY OF NEVADA CAMPUSES AND ITS 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 $4,230,106 · Revenue $4,332,013

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

    Expenses $1,321,448

As filed on the 2024 return.

Listed in Part VII

  • Craig Seiden

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kacey Thomas

    BOARD CHAIR

    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.

  • PAN SLOAN CANYON LLC

    FINANCING · NV · income $0 · assets $0

    Directly controlled by PANF

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202621319349300632

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