2024-11-07T11:45:39-06:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 590861374 PINE CREST PREPARATORY SCHOOL INC PINE 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 NANCY N GREENE CFO/VP OF FINANCE AND OPERATIONS 9544924100 2024-11-06 1 1 MATTHEW PETROSKI P00853132 9257902600 2024-11-06 2023 2024-10-15 13:58:12Z NANCY N GREENE 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 135244996 0 X WWW.PINECREST.EDU X 1989 FL (SEE SCHEDULE O)TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; TO PREPARE OUR STUDENTS TO MEET THE GLOBAL CHALLENGES OF OUR FUTURE BY OFFERING AN EXCEPTIONAL ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN ARTS AND ATHLETICS; AND TO BUILD A COLLABORATIVE, INCLUSIVE, AND OPEN-MINDED LEARNING COMMUNITY THAT RESPECTS, APPRECIATES, AND ENCOURAGES THOSE WITH DIVERSE CULTURES, BACKGROUNDS, TALENTS, EXPERIENCES, AND OPINIONS. 22 22 840 200 -31140 0 6626771 6705332 106002022 114185166 6414484 9033859 321681 328183 119364958 130252540 7100873 8224668 0 0 58017687 61235905 0 0 1900204 39275028 45505484 104393588 114966057 14971370 15286483 370504634 411225081 177606911 185583281 192897723 225641800 X (SEE SCHEDULE O)TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; TO PREPARE OUR STUDENTS TO MEET THE GLOBAL CHALLENGES OF OUR FUTURE BY OFFERING AN EXCEPTIONAL ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN ARTS AND ATHLETICS; AND TO BUILD A COLLABORATIVE, INCLUSIVE, AND OPEN-MINDED LEARNING COMMUNITY THAT RESPECTS, APPRECIATES, AND ENCOURAGES THOSE WITH DIVERSE CULTURES, BACKGROUNDS, TALENTS, EXPERIENCES, AND OPINIONS. 0 0 95227685 8224668 112225632 PINE CREST OFFERS A COLLEGE PREPARATORY ACADEMIC CURRICULUM ALONG WITH RELATED ACTIVITIES FOR GRADES PRE-K - 12TH AT FORT LAUDERDALE CAMPUS AND PRE-K - 8TH AT BOCA RATON CAMPUS WITH APPROXIMATELY 2,715 STUDENTS. 812264 1959534 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 96039949 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 1 0 0 0 1 200 0 1 840 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X NANCY N GREENE 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 SUZANNE SANDOW PAST CHAIR 2.00 X X 0 0 0 JAY SCHWEDELSON CHAIR 2.00 X X 0 0 0 TODD ROSENBERG VICE CHAIR 2.00 X X 0 0 0 ADONICA BLACK TRUSTEE (START 05/24) 2.00 X 0 0 0 KEVIN BOOTHE TRUSTEE 2.00 X 0 0 0 ARCHANA CHAWLA TRUSTEE 2.00 X 0 0 0 STEPHANIE CHEN TRUSTEE 2.00 X 0 0 0 HEATHER EDWARDS TRUSTEE 2.00 X 0 0 0 KEVIN FERRO TRUSTEE 2.00 X 0 0 0 JON HAGE TRUSTEE 2.00 X 0 0 0 RONALD HALIGMAN TRUSTEE (THRU 05/24) 2.00 X 0 0 0 TIM INGHAM TRUSTEE 2.00 X 0 0 0 JOANNE JULIEN TRUSTEE 2.00 X 0 0 0 DAVID KANTOR TRUSTEE 2.00 X 0 0 0 ANNA KIM TRUSTEE 2.00 X 0 0 0 DAVID KIRSCHNER TRUSTEE 2.00 X 0 0 0 TERESA LEE TRUSTEE 2.00 X 0 0 0 GEORGE LEMIEUX TRUSTEE 2.00 X 0 0 0 XIAOYI ALICIA MA TRUSTEE (THRU 05/24) 2.00 X 0 0 0 ASHLEY PALMER LINDSAY TRUSTEE 2.00 X 0 0 0 RICHARD SASSO TRUSTEE 2.00 X 0 0 0 RANDI STANLEY TRUSTEE 2.00 X 0 0 0 MICHELE STOCKER TRUSTEE (START 05/24) 2.00 X 0 0 0 MONICA WEINBERG TRUSTEE 2.00 X 0 0 0 DANA MARKHAM PRESIDENT 40.00 X 863998 0 42773 NANCY GREENE VP OF FINANCE & OPERATIONS/CFO 40.00 X 372751 0 71693 MEAGAN OBST CORPORATE SECRETARY 40.00 X 75107 0 56192 MELANIE CONNORS HEAD OF SCHOOL BOCA/VP OF ADMISSION 40.00 X 263002 0 85980 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES AND CRISIS MGM 40.00 X 245108 0 53989 LISA OCKERMAN VP OF ACADEMICS 40.00 X 191262 0 17490 ALISA KARTEN VP OF PHILANTHROPIC EGMT (START 7/23) 40.00 X 190288 0 29185 WHITNEY WALTERS-SACHS VP, SCHOOL AND LEGAL AFFAIRS 40.00 X 292266 0 83906 MARCIA HUNT DEAN OF COLLEGE AND ACADEMIC ADVISING 40.00 X 225859 0 30720 JEFFRY JOHNSON ATHLETIC DIR/ASST DIR OF SUPPORT SERVICES 40.00 X 187746 0 86351 KRISTIN SHEALY LS DIVISION HEAD/ASST HEAD OF SCHOOL 40.00 X 167109 0 25504 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 40.00 X 179617 0 79750 JOSEPH WALTERS US DIVISION HEAD/ASSOC HEAD OF SCHOOL 40.00 X 212397 0 77530 SUSAN PEIRCE FORMER VP OF PHILANTHROPIC EGMT 40.00 X 122671 0 22870 3589181 0 763933 75 1 1 0 FLIK PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 5193964 GULF BUILDING LLC 1121 EAST BROWARD BLVD FORT LAUDERDALE FL 33301 CONSTRUCTION SERVICES 3756290 J & H PAINTING SERVICES INC 11840 WINDY FOREST WAY BOCA RATON FL 33498 PAINTING SERVICES 2701772 KMJ LAWN & LANDSCAPE INC 631 SE 8TH AVENUE POMPANO BEACH FL 33060 GROUNDS MAINTENANCE 2135547 EZ FACTORING LLC 701 BRICKELL AVENUE MIAMI FL 33131 CLEANING SERVICES 1779700 62 6705332 347666 6705332 TUITION 611710 112084631 112084631 SUMMER PROGRAMS 713990 1959534 1959534 OTHER PROGRAM SERVICE 611710 141001 141001 114185166 9276442 -31140 9307582 4733873 16000 4992456 0 -258583 16000 -242583 -242583 OTHER INCOME 900099 328183 328183 328183 130252540 114185166 -31140 9393182 8224668 8224668 2886760 320283 2246194 320283 42911180 36722772 5451075 737333 2999327 2541486 397446 60395 9229844 7647682 1369751 212411 3208794 2596357 537997 74440 83139 83139 105575 105575 538899 538899 189467 189467 117815 45042 42161 30612 2169168 474233 1597294 97641 11701803 10198196 1418575 85032 257497 257497 526308 423385 91690 11233 3352371 3352371 7458367 6234305 1155381 68681 4321447 3612215 669437 39795 ACADEMIC EXPENSES 5834575 5834575 FOOD SERVICE 5433915 5433915 SECURITY 1599932 1337203 249804 12925 AUXILIARY PROGRAM 588201 588201 1227005 195563 882019 149423 114966057 96039949 17025904 1900204 9080649 9455445 76756835 66856968 9406303 9727575 46429962 49630252 514600 465889 4647061 4885456 224552090 106584848 121424149 117967242 71425048 97236263 17772852 39368854 13047175 15631137 370504634 411225081 6144954 8194970 98580666 104224829 70614597 69183216 2266694 3980266 177606911 185583281 X 140679439 176610944 52218284 49030856 192897723 225641800 370504634 411225081 X 15286483 6577856 10879738 X 0 1 X 1 0 X 4870506 11159717 5808857 6626771 6705332 35171183 4870506 11159717 5808857 6626771 6705332 35171183 876812 34294371 2660596 2911662 10725753 7414970 9276442 32989423 515142 752483 376581 321681 328183 2294070 70454676 499199491 0.48680 0.52400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 106644752 2727990 9225907 4259336 114339313 86326592 291088 6830956 3854587 89594049 97145690 2205571 -9305259 3719410 86326592 80202210 324674 19763124 3144318 97145690 81960854 188475 975063 2922182 80202210 0.67510 0.32490 0.00000 0 0 1646056 1646056 186538814 87069656 99469158 7264733 3724404 3540329 22578351 15790788 6787563 6524136 6524136 117967242 NAV INVESTMENTS 19687905 C REAL ESTATE HOLDINGS 19680949 C 39368854 OTHER LIABILITIES 3980266 3980266 X 130091230 6577856 -6200267 377589 129713641 538899 538899 130252540 106202490 0 106202490 538899 8224668 8763567 114966057 PART III, LINE 4: THE SCHOOL MAINTAINS A COLLECTION OF PAINTINGS. DISPLAY OF THESE DONATED PAINTINGS ENHANCES STUDENT LEARNING AND ART APPRECIATION WHILE PRESERVING THEM FOR FUTURE GENERATIONS OF STUDENTS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS UNRESTRICTED ENDOWMENT. EACH FUND WAS ESTABLISHED TO SUPPORT AN ESSENTIAL EDUCATIONAL FUNCTION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 2,109,551. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -119,732. CHANGE IN VALUE OF INTEREST TRUST AGREEMENT 34,582. FINANCIAL AID -8,224,668. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,224,668. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE, VARIOUS NEWSPAPERS AND CATALOGS. 1 0 0 FINANCIAL AID TO STUDENTS 361 7721123 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: THE SCHOOL HAS A FINANCIAL AID COMMITTEE THAT OVERSEES AND MONITORS THE NEED-BASED AWARD PROCESS IN CONJUNCTION WITH AN OUTSOURCED PROFESSIONAL FILE EVALUATOR. X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 DANA MARKHAM PRESIDENT 607394 0 59953 0 196651 0 26400 0 16373 0 906771 0 0 0 NANCY GREENE VP OF FINANCE & OPERATIONS/CFO 329299 0 41088 0 2364 0 26400 0 45293 0 444444 0 0 0 WHITNEY WALTERS-SACHS VP, SCHOOL AND LEGAL AFFAIRS 269943 0 21265 0 1058 0 22252 0 61654 0 376172 0 0 0 MELANIE CONNORS HEAD OF SCHOOL BOCA/VP OF ADMISSION 248250 0 13833 0 919 0 20000 0 65980 0 348982 0 0 0 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES 205633 0 31453 0 8022 0 15729 0 38260 0 299097 0 0 0 JOSEPH WALTERS US DIVISION HEAD/ASSOC HEAD OF SCHOO 199861 0 11583 0 953 0 16000 0 61530 0 289927 0 0 0 JEFFRY JOHNSON ATHLETIC DIR/ASST DIR OF SUPPORT SER 180433 0 6333 0 980 0 14540 0 71811 0 274097 0 0 0 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 166268 0 12418 0 931 0 14008 0 65742 0 259367 0 0 0 MARCIA HUNT DEAN OF COLLEGE AND ACADEMIC ADVISIN 218908 0 6333 0 618 0 17850 0 12870 0 256579 0 0 0 ALISA KARTEN VP OF PHILANTHROPIC EGMT (START 7/23 182575 0 6583 0 1130 0 12607 0 16578 0 219473 0 0 0 LISA OCKERMAN VP OF ACADEMICS 178500 0 11333 0 1429 0 14000 0 3490 0 208752 0 0 0 KRISTIN SHEALY LS DIVISION HEAD/ASST HEAD OF SCHOOL 149706 0 16333 0 1070 0 12160 0 13344 0 192613 0 0 0 SUSAN PEIRCE FORMER VP OF PHILANTHROPIC EGMT 117275 0 5000 0 396 0 19100 0 3770 0 145541 0 0 0 PART I, LINE 1A NANCY GREENE, JOSEPH MARKHAM, AND JEFFRY JOHNSON RECEIVED NONTAXABLE HOUSING BENEFITS OF $25,000, $26,050, AND $18,250 RESPECTIVELY FOR ON-CAMPUS HOUSING WHERE THEY ARE REQUIRED TO LIVE AS A CONDITION OF THEIR EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL. THESE AMOUNTS ARE INCLUDED IN NONTAXABLE BENEFITS SHOWN ON PART II, COLUMN (D). PART I, LINE 4B THE PRESIDENT AND CFO ENTERED INTO A SPLIT-DOLLAR INSURANCE PLAN WITH THE SCHOOL IN JUNE 2023 OF FISCAL YEAR 22/23. PART I, LINE 7 THE EMPLOYEE WILL BE MEASURED AGAINST THE STANDARDS AND GOALS SET FORTH BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AS MAY BE AMENDED FROM TIME TO TIME BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE WILL ADVISE THE EMPLOYEE OF THE APPLICABLE DATES AND PROCESS FOR THE EMPLOYEE TO PROVIDE INPUT REGARDING EMPLOYEE'S PERFORMANCE TOWARD MEETING THE STANDARDS AND GOALS SET FORTH. CERTAIN INDIVIDUALS RECEIVE INCENTIVE COMPENSATION BASED ON THE ACHIEVEMENT OF THE GOALS OUTLINED BY THE SUPERVISOR, UP TO A CERTAIN AMOUNT, WHICH IS OUTLINED IN THEIR CONTRACT. A PALM BEACH COUNTY FLORIDA 596000785 2020-03-18 59250000 SERIES 2020A EDUCATIONAL FACILITIES REVENUE BOND 0 0 0 B PALM BEACH COUNTY FLORIDA 596000785 2020-03-18 65750000 SERIES 2020B EDUCATIONAL FACILITIES REVENUE BOND 0 0 0 A 5643816 59250000 1144754 58105246 1 0 1 1 B 8819543 25300496 25300496 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SYNOVUS BANK 0 0 0 0 1 B 0 0 0 1 1 1 SYNOVUS BANK 0 0 0 0 1 A 0 B 0 DANA MARKHAM PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 3000000 3111600 0 1 1 NANCY GREENE VP OF FINANCE & OPERATIONS, CFO SPLIT DOLLAR LIFE INSURANCE X 2000000 2074400 0 1 1 5186000 JILLIAN CONWAY DAUGHTER IN LAW OF OFFICER, DANA MARKHAM 85290 EMPLOYMENT 0 BARRY CONNORS HUSBAND OF KEY EMPLOYEE, MELANIE CONNORS 103990 EMPLOYMENT 0 KAREN WILSON-WALTERS SISTER IN LAW OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 42992 EMPLOYMENT 0 LYNN SASSO WIFE OF TRUSTEE, RICHARD SASSO 86301 EMPLOYMENT 0 KRISTEN KIRKENDALL DAUGHTER OF OFFICER, NANCY GREENE 106571 EMPLOYMENT 0 JOSEPH WALTERS BROTHER OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 215536 EMPLOYMENT 0 TARA PETRACCO SISTER OF KEY EMPLOYEE, LISA OCKERMAN 74050 EMPLOYMENT 0 X 1 13500 SALES PRICE X 12 334166 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 KEY EMPLOYEE JOSEPH MARKHAM IS RELATED TO OFFICER DANA MARKHAM. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE REVISED IN JANUARY OF 2024 AND INLCUDED THE FOLLOWING CHANGE: - REDEFINING THE COMPOSITION OF THE EXECUTIVE COMMITTEE TO INCLUDE THE BOARD CHAIR, VICE CHAIR, AND THE CHAIRS OF THE COMPENSATION COMMITTEE, FINANCE COMMITTEE, AND DEI COMMITTEE (SECTION 4.3). AT THE CHAIR AND PRESIDENT'S DISCRETION, ADDITIONAL TRUSTEES MAY BE ASKED TO ATTEND AND PARTICIPATE IN EXECUTIVE COMMITTEE MEETINGS, BUT SHALL NOT BE ENTITLED TO A VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCCOUNTANT AND REVIEWED BY THE CONTROLLER, CFO, AND BOARD OF TRUSTEES. THE RETURN IS PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED THROUGH THE USE OF ANNUAL DISCLOSURES AND REVIEW AS DETERMINED BY THE GOVERNING BODY. THE POLICY APPLIES TO TRUSTEES, CORPORATE OFFICERS, THE HEADS OF SCHOOL, SENIOR MANAGEMENT, AND BOARD COMMITTEE MEMBERS. THOSE COVERED UNDER THE CONFLICT OF INTEREST POLICY ARE REQUIRED TO DISCLOSE, IN WRITING, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF IT. THIS PERSON DOES NOT PARTICIPATE IN DISCUSSIONS WHERE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING TRUSTEES DETERMINE WHETHER A CONFLICT EXISTS. THE BOARD CHAIR MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES, IF APPROPRIATE, TO THE PROPOSED CONFLICT TRANSACTION. ONCE DUE DILIGENCE HAS BEEN EXERCISED, THE BOARD WILL USE REASONABLE EFFORTS TO OBTAIN A SIMILAR OR MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NO REASONABLE ALTERNATIVE EXISTS, THE BOARD MAY APPROVE THE CONFLICT TRANSACTION IF IT IS IN THE BEST INTERESTS OF THE SCHOOL. ALL CONFLICT OF INTEREST DISCUSSIONS MUST BE REFLECTED IN THE MEETING MINUTES WHERE THEY WERE DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT, OFFICERS AND KEY EMPLOYEES USING DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE FURNISHED TO THE PUBLIC UPON REQUEST AT THE MAIN ADMINISTRATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER INTEREST TRUST AGREEMENT 34,582. CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 2,109,551. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -119,732. PRIOR PERIOD RESTATEMENT TO NET ASSETS FOR REAL ESTATE HELD FOR INVESTMENT 8,855,337. SELECT REAL ESTATE HOLDINGS LLC 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 HOLDING COMPANY FL 0 0 PINE CREST PREPARATORY SCHOOL CHARITABLE REMAINDER ANNUITY TRUST (3) INVESTMENT FL N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0