2023-11-05T16:37:51-06:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 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 2023-10-30 1 NANCY GREENE 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NANCY N GREENE 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 124698966 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 22 797 40 -16084 0 5941288 6626771 97729599 106002022 12985138 6414484 376581 321681 117032606 119364958 10464216 7100873 0 0 49487929 58017687 0 0 1954663 34413627 39275028 94365772 104393588 22666834 14971370 333237666 370504634 161517263 177606911 171720403 192897723 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 86288675 7100873 104301280 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 2,690 STUDENTS. 636269 1700742 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 86924944 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 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 0 1 0 0 0 1 187 0 1 797 1 0 0 0 0 0 1 1 0 0 0 0 1 0 X 22 22 1 0 0 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 DANA MARKHAM PRESIDENT 40.00 X 1056997 0 38191 NANCY GREENE VP OF FINANCE & OPERATIONS/CFO 40.00 X 373142 0 51291 WHITNEY WALTERS-SACHS VP OF SCHOOL AND LEGAL AFFAIRS 40.00 X 255688 0 75637 MELANIE CONNORS HEAD OF SCHOOL BOCA/VP OF ADMISSIONS 40.00 X 232007 0 73333 JOSEPH WALTERS US DIVISION HEAD/ASSOC HEAD OF SCHOOL 40.00 X 199426 0 68842 SUSAN PEIRCE VP OF PHILANTHROPIC ENGAGEMENT 40.00 X 234562 0 29169 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES 40.00 X 204421 0 50245 JEFFRY JOHNSON ATHLETIC DIRECTOR 40.00 X 190427 0 63910 MARCIA HUNT DEAN OF COLLEGE & ACADEMIC ADVISING 40.00 X 211963 0 28811 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 40.00 X 157250 0 72188 LISA OCKERMAN VICE PRESIDENT OF ACADEMICS 40.00 X 170889 0 14405 KRISTIN SHEALY LS DIVISION HEAD/ASST HEAD OF SCHOOL 40.00 X 158090 0 22249 DAVID CLARK HEAD OF SCHOOL BOCA RATON (THRU 7/22) 40.00 X 128591 0 22178 MEAGAN OBST CORPORATE SECRETARY 40.00 X 75843 0 52714 MICHELE STOCKER PAST CHAIR (LEFT 05/23) 2.00 X X 0 0 0 SUZANNE SANDOW CHAIR (THRU 5/23), PAST CHAIR 2.00 X X 0 0 0 JAY SCHWEDELSON VICE CHAIR (THRU 5/23), CHAIR 2.00 X X 0 0 0 TODD ROSENBERG VICE CHAIR (START 05/23) 2.00 X X 0 0 0 BRIAN BERNICK TRUSTEE (LEFT 05/23) 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 (START 05/23) 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 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 (START 05/23) 2.00 X 0 0 0 DAVID KIRSCHNER TRUSTEE 2.00 X 0 0 0 BARBARA LANDRY TRUSTEE (LEFT 05/23) 2.00 X 0 0 0 TERESA LEE TRUSTEE (START 05/23) 2.00 X 0 0 0 GEORGE LEMIEUX TRUSTEE 2.00 X 0 0 0 XIAOYI ALICIA MA TRUSTEE 2.00 X 0 0 0 MARK MALIS TRUSTEE (LEFT 07/22) 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 MONICA WEINBERG TRUSTEE (START 05/23) 2.00 X 0 0 0 3649296 0 663163 65 1 1 0 FLIK PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 4814972 THORNTON CONSTRUCTION COMPANY INC 13290 NORTHWEST 42 AVENUE OPALOCKA FL 33054 CONSTRUCTION SERVICES 4113193 OHL BUILDING INC 9675 NORTHWEST 117TH AVENUE MIAMI FL 33178 CONSTRUCTION SERVICES 2220379 KMJ LAWN & LANDSCAPE INC 631 SE 8TH AVENUE POMPANO BEACH FL 33060 GROUNDS MAINTENANCE 1703559 EZ FACTORING LLC 701 BRICKELL AVENUE MIAMI FL 33131 CLEANING SERVICES 1667900 45 6626771 88599 6626771 TUITION 611710 104202209 104202209 SUMMER PROGRAMS 713990 1700742 1700742 OTHER PROGRAM SERVICE 611710 99071 99071 106002022 7414970 -16084 7431054 4333522 5331161 2847 -997639 -2847 -1000486 -1000486 OTHER INCOME 900099 321681 321681 321681 119364958 106002022 -16084 6752249 7100873 7100873 2728036 354846 2062354 310836 41041649 35009748 5184165 847736 2685060 2266262 354759 64039 8454139 6920509 1323518 210112 3108803 2501270 523142 84391 165694 165694 71876 71876 478935 478935 226026 226026 181186 110077 34277 36832 2136104 651726 1436693 47685 10183086 8864692 1245827 72567 202131 202131 374013 292630 62517 18866 2110674 2110674 7419614 6201912 1149377 68325 2717673 2208960 484378 24335 ACADEMIC EXPENSES 5505843 5505843 FOOD SERVICE 4977092 4977092 SECURITY 1317696 1101319 205668 10709 AUXILIARY PROGRAM 329703 329703 877682 214677 504775 158230 104393588 86924944 15513981 1954663 8516205 9080649 61947599 76756835 8928337 9406303 43738286 46429962 479959 514600 2991147 4647061 224383416 102959267 116003952 121424149 69604182 71425048 16243634 17772852 4784365 13047175 333237666 370504634 5596698 6144954 91872605 98580666 60740344 70614597 3307616 2266694 161517263 177606911 X 124224463 140679439 47495940 52218284 171720403 192897723 333237666 370504634 X 14971370 3049184 3156766 X 0 1 X 1 0 X 3763957 4870506 11159717 5808857 6626771 32229808 3763957 4870506 11159717 5808857 6626771 32229808 1401744 30828064 919507 2660596 2911662 10725753 7414970 24632488 515142 752483 376581 321681 1965887 58828183 474758447 0.52400 0.53330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 86326592 291088 6830956 3854587 89594049 97145690 2205571 -9305259 3719410 86326592 80202210 324674 19763124 3144318 97145690 81960854 188475 975063 2922182 80202210 80137204 138624 4007300 2322274 81960854 0.60720 0.39280 0.00000 0 0 1646056 1646056 179412944 85133975 94278969 6921290 3327608 3593682 21099317 14497684 6601633 15303809 15303809 121424149 OTHER LIABILITIES 2266694 2266694 X 117991100 3049184 -3944107 -894923 118886023 478935 478935 119364958 96813780 0 96813780 478935 7100873 7579808 104393588 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, 2023, 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 3,434,694. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -132,431. CHANGE IN VALUE OF INTEREST TRUST AGREEMENT -145,497. FINANCIAL AID -7,100,873. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,100,873. 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 345 7100873 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 0 0 0 0 0 0 1 0 DANA MARKHAM PRESIDENT 584072 0 306068 0 166857 0 24400 0 13791 0 1095188 0 0 0 NANCY GREENE VP OF FINANCE & OPERATIONS/CFO 317777 0 41119 0 14246 0 24400 0 26891 0 424433 0 0 0 WHITNEY WALTERS-SACHS VP OF SCHOOL AND LEGAL AFFAIRS 253204 0 1786 0 698 0 21604 0 54033 0 331325 0 0 0 MELANIE CONNORS HEAD OF SCHOOL BOCA/VP OF ADMISSIONS 219408 0 11686 0 913 0 16519 0 56814 0 305340 0 0 0 JOSEPH WALTERS US DIVISION HEAD/ASSOC HEAD OF SCHOO 186701 0 11772 0 953 0 14625 0 54217 0 268268 0 0 0 SUSAN PEIRCE VP OF PHILANTHROPIC ENGAGEMENT 230788 0 1772 0 2002 0 18543 0 10626 0 263731 0 0 0 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES 188964 0 7723 0 7734 0 15271 0 34974 0 254666 0 0 0 JEFFRY JOHNSON ATHLETIC DIRECTOR 165354 0 24273 0 800 0 14117 0 49793 0 254337 0 0 0 MARCIA HUNT DEAN OF COLLEGE & ACADEMIC ADVISING 209252 0 1772 0 939 0 17331 0 11480 0 240774 0 0 0 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 153704 0 2624 0 922 0 13600 0 58588 0 229438 0 0 0 LISA OCKERMAN VICE PRESIDENT OF ACADEMICS 167500 0 1874 0 1515 0 12800 0 1605 0 185294 0 0 0 KRISTIN SHEALY LS DIVISION HEAD/ASST HEAD OF SCHOOL 135255 0 21874 0 961 0 10838 0 11411 0 180339 0 0 0 DAVID CLARK HEAD OF SCHOOL BOCA RATON (THRU 7/22 112652 0 5000 0 10939 0 16660 0 5518 0 150769 0 0 0 PART I, LINE 1A NANCY GREENE (STARTING 7/1/2022), JOSEPH MARKHAM, AND JEFFRY JOHNSON RECEIVED NONTAXABLE HOUSING BENEFITS OF $12,500, $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). THE FOLLOWING EMPLOYEES RECEIVED TAXABLE HOUSING FRINGE BENEFITS, WHICH ARE INCLUDED IN THEIR REPORTABLE COMPENSATION SHOWN ON PART II, COLUMN (B)(III): DAVID CLARK $10,617 NANCY GREENE $12,500 (UNTIL 7/1/2022) 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 4252906 59250000 1144754 58105246 1 0 1 1 B 76492 16655308 16655308 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 3000000 0 1 1 NANCY GREENE VP OF FINANCE & OPERATIONS, CFO SPLIT DOLLAR LIFE INSURANCE X 2000000 2000000 0 1 1 5000000 JILLIAN CONWAY DAUGHTER IN LAW OF OFFICER, DANA MARKHAM 79052 EMPLOYMENT 0 AUTUMN CLARK DAUGHTER OF KEY EMPLOYEE, DAVID CLARK 43811 EMPLOYMENT 0 BARRY CONNORS HUSBAND OF KEY EMPLOYEE, MELANIE CONNORS 89331 EMPLOYMENT 0 KAREN WILSON-WALTERS SISTER IN LAW OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 41527 EMPLOYMENT 0 LYNN SASSO WIFE OF TRUSTEE, RICHARD SASSO 79340 EMPLOYMENT 0 KRISTEN KIRKENDALL DAUGHTER OF OFFICER, NANCY GREENE 107598 EMPLOYMENT 0 JOSEPH WALTERS BROTHER OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 212725 EMPLOYMENT 0 TARA PETRACCO SISTER OF KEY EMPLOYEE, LISA OCKERMAN 65999 EMPLOYMENT 0 X 5 84442 FMV X ILAB SUPPLIES 1 4158 FMV 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 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 -145,497. CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 3,434,694. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -132,431. 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