Form 990 for tax year 2023
Filed by PINECREST ACADEMY OF NORTHERN NEVADA FOUNDATION.
Totals
- Total revenue
- $1,249,801
- Total expenses
- $1,424,449
- Contributions and grants received
- $5,250
- Grants paid
- $173,909
- Program service revenue
- $1,176,838
- Investment income
- $39,907
- Other revenue
- $27,806
- Total assets, end of year
- $29,045,409
- Total liabilities, end of year
- $27,082,743
- Net assets or fund balances, end of year
- $1,962,666
- Program services expenses (Part IX)
- $1,424,449
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,424,449
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.
-
1f · All other contributions, gifts and grants
$5,250
-
2a · Program service revenue: RELATED INTEREST INCOME
total $1,176,838 · related or exempt $1,176,838
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $39,907 · excluded $39,907
-
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
$44,401
-
8b · Fundraising events: direct expenses
$16,595
-
8c · Net income from fundraising events
total $27,806 · excluded $27,806
-
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.
-
1 · Grants to domestic organizations and governments
total $173,909 · program services $173,909
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $1,245,860 · program services $1,245,860
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $4,391 · program services $4,391
-
24b · Other expenses: SUPPLIES
total $258 · program services $258
-
24c · Other expenses: DUES & FEES
total $31 · program services $31
-
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 $22,793 · end of year $55,274
-
2 · Savings and temporary cash investments
beginning of year $2,563,397 · end of year $2,596,801
-
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 $26,584,623 · end of year $26,393,334
-
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 $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $26,485,000 · end of year $26,485,000
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $548,499 · end of year $597,743
-
27 · Net assets without donor restrictions
beginning of year $2,137,314 · end of year $1,962,666
Mission and programs · 2023
Mission
PINECREST ACADEMY OF NORTHERN NEVADA FOUNDATION'S SPECIFIC PURPOSE IS TO PROVIDE FUNDING EXCLUSIVELY TO PINECREST ACADEMY OF NORTHERN 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 NORTHERN NEVADA FOUNDATION'S PURPOSE IS TO SUPPORT THE WORK OF PINECREST ACADEMY OF NORTHERN NEVADA WITH A FOCUS ON SUSTAINED CAPITAL AND LEGACY PROJECTS.
-
THE FOUNDATION FINANCED THE PURCHASE OF LAND AND FACILITIES FOR PINECREST ACADEMY OF NORTHERN NEVADA.
Expenses $1,424,449 · Grants $173,909 · Revenue $1,176,838
-
DURING THIS YEAR THE FOUNDATION ENGAGED IN FUNDRAISING ACTIVITIES IN SUPPORT OF THE PROGRAMS AND EDUCATIONAL PURSUITS OF THE PINECREST ACADEMY OF NORTHERN NEVADA.
As filed on the 2023 return.
Listed in Part VII
-
Erin JonesERIN JONES
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jake WiskerchenJAKE WISKERCHEN
BOARD CHAIR (THRU 03.28.24)
- Total calculated
- $0
- Hours/week
- 2
-
Jami AustinJAMI AUSTIN
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jeff KierschJEFF KIERSCH
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mike WurmMIKE WURM
BOARD TREASURER (THRU 02.26.24)
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Brighid FronapfelBRIGHID FRONAPFEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Heidi CapurroHEIDI CAPURRO
BOARD MEMBER
- 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
-
PINECREST ACADEMY OF NORTHERN NEVADA
$173,909
GENERAL FUNDING
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501279349304320
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