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Nonprofiteer
← PINECREST ACADEMY INC

Form 990 for tax year 2024

Filed by PINECREST ACADEMY INC.

Totals

Total revenue
$162,132,003
Total expenses
$150,873,993
Contributions and grants received
$143,873,840
Grants paid
$0
Program service revenue
$14,281,603
Investment income
$3,871,364
Other revenue
$105,196
Total assets, end of year
$293,787,544
Total liabilities, end of year
$183,003,153
Net assets or fund balances, end of year
$110,784,391
Program services expenses (Part IX)
$134,607,373
Management and general expenses
$16,266,620
Fundraising expenses
$0
Program service expenses (Part III)
$134,607,373

Program services were 89.2% 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)

    $143,873,840

  • 2a · Program service revenue: PRE-K INCOME

    total $7,169,820 · related or exempt $7,169,820

  • 2b · Program service revenue: COMMUNITY SERVICES FEES

    total $3,874,772 · related or exempt $3,874,772

  • 2c · Program service revenue: FOOD SERVICES FEES

    total $1,681,105 · related or exempt $1,681,105

  • 2d · Program service revenue: INSTRUCTION

    total $1,550,627 · related or exempt $1,550,627

  • 2e · Program service revenue: AFFILIATION FEES

    total $5,279 · related or exempt $5,279

  • 3 · Investment income

    total $3,871,364 · related or exempt $3,871,364

  • 11a · Other revenue: USAGE FEES

    total $100,406 · related or exempt $100,406

  • 11b · Other revenue: OTHER INCOME

    total $4,790 · related or exempt $4,790

  • 11e · Other revenue, total

    $105,196

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $66,189,206 · program services $56,327,466 · management and general $9,861,740

  • 8 · Pension plan contributions

    total $1,181,673 · program services $958,228 · management and general $223,445

  • 9 · Other employee benefits

    total $11,809,595 · program services $10,225,461 · management and general $1,584,134

  • 11a · Fees: management

    total $5,932,275 · program services $3,954,850 · management and general $1,977,425

  • 11b · Fees: legal

    total $82,551 · management and general $82,551

  • 11g · Fees: other

    total $5,556,144 · program services $5,178,643 · management and general $377,501

  • 12 · Advertising and promotion

    total $106,686 · program services $92,080 · management and general $14,606

  • 16 · Occupancy

    total $19,492,527 · program services $19,492,527

  • 17 · Travel

    total $128,224 · program services $114,149 · management and general $14,075

  • 20 · Interest

    total $1,642,858 · program services $1,642,858

  • 22 · Depreciation, depletion and amortization

    total $4,405,121 · program services $4,367,255 · management and general $37,866

  • 23 · Insurance

    total $1,340,166 · program services $1,338,686 · management and general $1,480

  • 24a · Other expenses: AFTER CARE EXPENSES

    total $5,992,558 · program services $5,992,558 · management and general $0

  • 24b · Other expenses: COMMUNITY SERVICES

    total $4,984,197 · program services $4,984,197 · management and general $0

  • 24c · Other expenses: FOOD

    total $2,897,601 · program services $2,897,601 · management and general $0

  • 24d · Other expenses: SUPPLIES

    total $2,296,399 · program services $1,919,185 · management and general $377,214

  • 24e · All other expenses

    total $16,836,212 · program services $15,121,629 · management and general $1,714,583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,888,159 · end of year $101,715,318

  • 3 · Pledges and grants receivable

    beginning of year $20,820,762 · end of year $8,341,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,673,379 · end of year $2,069,456

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

    $72,542,350

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

    $28,864,485

  • 10c · Land, buildings and equipment, net

    beginning of year $45,318,541 · end of year $43,677,865

  • 15 · Other assets

    beginning of year $136,378,802 · end of year $137,983,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,263,401 · end of year $9,069,923

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,858,069 · end of year $25,204,133

  • 23 · Secured mortgages and notes payable

    beginning of year $5,522,968 · end of year $5,005,848

  • 25 · Other liabilities

    beginning of year $132,323,406 · end of year $143,723,249

  • 27 · Net assets without donor restrictions

    beginning of year $92,994,773 · end of year $100,636,126

  • 28 · Net assets with donor restrictions

    beginning of year $9,117,026 · end of year $10,148,265

Mission and programs · 2024

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, 2025, APPROXIMATELY 12,500 STUDENTS WERE ENROLLED.

    Expenses $134,607,373 · Revenue $18,258,163

As filed on the 2024 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
    $159,040
    From this org
    $159,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,040
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,040

  • Ana C Mendez

    PRINCIPAL

    Total calculated
    $160,786
    From this org
    $160,786
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,786
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,786

  • Victoria Larrauri

    PRINCIPAL

    Total calculated
    $189,774
    From this org
    $189,774
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,774
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,774

  • Susie Dopico

    PRINCIPAL

    Total calculated
    $248,087
    From this org
    $248,087
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,087
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $248,087

  • Cristina Alcalde

    PRINCIPAL

    Total calculated
    $152,482
    From this org
    $152,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,482
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,482

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
2024
Filed
11 March 2026
IRS schema version
2024v5.5
Source object
202640709349300529

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