Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,213,660

• 1f · All other contributions, gifts and grants

  $8,147,508

• 1g · Noncash contributions included above

  $295,130

• 2a · Program service revenue: TUITION REVENUES

  total $91,082,021 · related or exempt $91,082,021

• 2b · Program service revenue: SCHOOL FEES

  total $7,033,541 · related or exempt $7,033,541

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

  total $4,449,888 · related or exempt $4,449,888

• 2d · Program service revenue: OTHER REVENUES

  total $460,890 · related or exempt $460,890

• 3 · Investment income

  total $3,131,399 · excluded $3,131,399

• 7a · Gross sales of assets other than inventory

  securities $2,547,512

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

  securities $0

• 7c · Gain or loss

  securities $2,547,512

• 7d · Net gain or loss

  total $2,547,512 · related or exempt $2,547,512

• 8a · Fundraising events: gross income

  $0

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

  $1,213,660

• 8b · Fundraising events: direct expenses

  $884,020

• 8c · Net income from fundraising events

  total -$884,020 · excluded -$884,020

• 10b · Cost of goods sold

  $42,899

• 10c · Net income from sales of inventory

  total -$42,899 · related or exempt -$42,899

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 $13,633,681 · program services $13,633,681

• 5 · Compensation of officers, directors and key employees

  total $1,439,115 · management and general $1,439,115

• 7 · Other salaries and wages

  total $40,283,475 · program services $38,107,273 · management and general $1,483,406 · fundraising $692,796

• 9 · Other employee benefits

  total $7,053,003 · program services $6,256,696 · management and general $678,746 · fundraising $117,561

• 10 · Payroll taxes

  total $2,946,533 · program services $2,737,152 · management and general $158,232 · fundraising $51,149

• 11g · Fees: other

  total $849,124 · program services $440,713 · management and general $408,411

• 12 · Advertising and promotion

  total $585,266 · management and general $585,266

• 14 · Information technology

  total $1,344,522 · program services $1,344,522

• 20 · Interest

  total $1,887,958 · program services $1,887,958

• 22 · Depreciation, depletion and amortization

  total $5,934,824 · program services $5,934,824

• 23 · Insurance

  total $2,863,018 · program services $2,863,018

• 24a · Other expenses: EDUCATIONAL AND STUDENT

  total $10,321,163 · program services $10,321,163

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $3,391,704 · program services $3,377,483 · management and general $11,739 · fundraising $2,482

• 24c · Other expenses: RENTALS AND UTILITIES

  total $2,652,086 · program services $2,172,477 · management and general $189,998 · fundraising $289,611

• 24d · Other expenses: STAFF DEVELOPMENT

  total $464,010 · program services $416,632 · management and general $47,378

• 24e · All other expenses

  total $438,712 · program services $23,285 · management and general $367,269 · fundraising $48,158

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $61,450,902 · end of year $25,775,572

• 2 · Savings and temporary cash investments

  beginning of year $10,197,956 · end of year $20,310,202

• 3 · Pledges and grants receivable

  beginning of year $6,747,630 · end of year $7,879,294

• 4 · Accounts receivable

  beginning of year $27,581 · end of year $16,653

• 8 · Inventories for sale or use

  beginning of year $92,838 · end of year $71,875

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,894,316 · end of year $2,604,943

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

  $243,710,233

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

  $60,091,328

• 10c · Land, buildings and equipment, net

  beginning of year $140,426,092 · end of year $183,618,905

• 11 · Investments: publicly traded securities

  beginning of year $55,509,306 · end of year $61,718,944

• 14 · Intangible assets

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

• 15 · Other assets

  beginning of year $956,910 · end of year $508,447

• 17 · Accounts payable and accrued expenses

  beginning of year $10,527,315 · end of year $8,669,421

• 19 · Deferred revenue

  beginning of year $54,057,788 · end of year $57,820,705

• 20 · Tax-exempt bond liabilities

  beginning of year $59,814,633 · end of year $58,591,397

• 25 · Other liabilities

  beginning of year $807,026 · end of year $337,033

• 27 · Net assets without donor restrictions

  beginning of year $148,252,462 · end of year $169,990,596

• 28 · Net assets with donor restrictions

  beginning of year $8,809,214 · end of year $11,060,590

The filer's explanations (Part III)

PART I, LINE 6

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