2018-04-25T14:09:09-05:00 2017-06-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2016-07-01 590861374 Pine Crest Preparatory School Inc PINE 9544924100 1501 NE 62nd Street Fort Lauderdale FL 33334 DR DANA MARKHAM PRESIDENT 9544924100 2018-04-24 1 Katy Brown P00650274 9257902600 2018-04-24 50.201.92.30 2018-04-24 18:43:28 PD P FBCDB00C9C7C81F5D5512616858EA55C82BC5142 194D1DC3581D69C6E2F7DEABFFFD1F7D33D777BB 2016 2021-01-29 14:40:06Z DR DANA MARKHAM 1501 NE 62nd Street Fort Lauderdale FL 33334 123293403 0 X www.pinecrest.edu X 1989 FL See Schedule O.To offer a challenging academic experience complemented by excellence in the arts and athletics; to develop the character, independence, and leadership of each student; and to provide a collaborative learning community that prepares students to meet the global challenges of our future. 22 22 957 500 0 0 5560758 3044582 81531712 83993614 1477147 4598143 584113 165490 89153730 91801829 7077408 7333529 0 0 46141645 46393685 0 0 1649174 30158267 31008751 83377320 84735965 5776410 7065864 217392322 225262240 120923190 116005548 96469132 109256692 X See Schedule O.To offer a challenging academic experience complemented by excellence in the arts and athletics; to develop the character, independence, and leadership of each student; and to provide a collaborative learning community that prepares students to meet the global challenges of our future. 0 0 68210788 7333529 81540707 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 2,600 STUDENTS. 1833424 2618397 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 70044212 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 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 112 0 1 957 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X KAREN ILLIG 9544924100 1501 NE 62nd Street Fort Lauderdale FL 33334 TIM INGHAM CHAIR 1.00 X X 0 0 0 DAVID KIRSCHNER VICE CHAIR 1.00 X X 0 0 0 G ALLEN ANDREAS DIRECTOR 1.00 X 0 0 0 HOLLY BODENWEBER DIRECTOR 1.00 X 0 0 0 SHEIAL CARNICELLI DIRECTOR 1.00 X 0 0 0 ROBERT COLTON DIRECTOR 1.00 X 0 0 0 JA FOREMAN DIRECTOR 1.00 X 0 0 0 HEATHER GERONEMUS DIRECTOR 1.00 X 0 0 0 HAMID HASHEMI DIRECTOR 1.00 X 0 0 0 EDUARDO HAUSER DIRECTOR 1.00 X 0 0 0 RAJIV JAIN DIRECTOR 1.00 X 0 0 0 DAVID KANTOR DIRECTOR 1.00 X 0 0 0 ARMANDO LEIGHTON DIRECTOR 1.00 X 0 0 0 EVAN PACKER DIRECTOR 1.00 X 0 0 0 JAMES RILEY DIRECTOR 1.00 X 0 0 0 ANDREW ROSEN DIRECTOR 1.00 X 0 0 0 SUZANNE SANDOW DIRECTOR 1.00 X 0 0 0 BRIAN SCHWARTZ DIRECTOR 1.00 X 0 0 0 SCOTT SILVERMAN DIRECTOR 1.00 X 0 0 0 MICHELE STOCKER DIRECTOR 1.00 X 0 0 0 CHRISTINE WELCH DIRECTOR 1.00 X 0 0 0 JORDAN ZIMMERMAN DIRECTOR 1.00 X 0 0 0 DR DANA MARKHAM PRESIDENT 40.00 X 558714 0 27513 KAREN ILLIG CFO 40.00 X 270211 0 26339 CHAVELA ROBIN CORPORATE SECRETARY 40.00 X 56511 0 12108 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 40.00 X 195056 0 21727 MARCIA HUNT DIR OF COLLEGE COUNSELING 40.00 X 188312 0 15042 WHITNEY WALTERS-SACHS CHIEF ADMINISTRATIVE OFFICER 40.00 X 180633 0 17647 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 40.00 X 177445 0 19234 ANTICA TYCHSEN VICE PRESIDENT OF ACADEMICS 40.00 X 153051 0 18080 JOSEPH MARKHAM EXEC DIRECTOR OF SECURITY AND SUPPORT SERVICES 40.00 X 144376 0 41554 STEVEN DAMIANO DIRECTOR OF FACILITIES 40.00 X 140273 0 18642 JEFFRY JOHNSON ATHLETIC DIRECTOR 40.00 X 138417 0 35365 MICHAEL D PRESLO CONTROLLER 40.00 X 134794 0 18006 CHRISTINE DARDET INTERIM VP OF DEVELOPMENT 40.00 X 130177 0 16799 2467970 0 288056 38 0 1 0 MGM GENERAL CONTRACTING 1500 WEST CYPRESS CREEK RD SUITE 4 FORT LAUDERDALE FL 33309 CONTRACTOR 1403277 A AND E FACILITY CONCEPTS 3057 NORTHEAST 16 AVE OAKLAND PARK FL 33334 JANITORIAL 1072857 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 965041 KMJ LAWN AND LANDSCAPE INC 631 SOUTHEAST 8 AVENUE POMPANO BEACH FL 33060 LANDSCAPING 853350 SUNSTATES SECURITY LLC PO BOX 896583 CHARLOTTE NC 28289 SECURITY 524514 12 3044582 77128 3044582 TUITION 611710 80570550 80570550 SUMMER PROGRAMS 713990 2618397 2618397 OTHER PROGRAM SERVICE 611710 804667 804667 83993614 1462506 1462506 34301788 22800 31187444 1507 3114344 21293 3135637 3135637 468113 302623 165490 165490 91801829 84159104 0 4598143 7333529 7333529 1999912 147441 1705030 147441 35760083 29861091 5113608 785384 2622447 2174497 385974 61976 3378065 2740350 563988 73727 2633178 2098386 470029 64763 81268 81268 71650 71650 442234 442234 35605 8241 5282 22082 1093603 595934 497669 1819395 1518515 284283 16597 32028 16464 15564 407886 332372 49538 25976 2659565 2659565 6378419 5322938 994206 61275 1780722 1780722 OTHER EXPENSES 6371505 4068244 1961138 342123 ACADEMIC EXPENSES 4695571 4695571 MAINTENANCE 3852580 3447038 384247 21295 MATERIALS AND SUPPLIES 1286720 1259778 15971 10971 84735965 70044212 13042579 1649174 X 3770706 31207594 34054407 2474939 1946430 4758632 4330689 72450 2680164 188248646 75051286 116549328 113197360 57574842 57587312 6013076 4826987 1609646 217392322 225262240 4049839 5255699 36662278 38024868 64527718 62844316 15683355 9880665 120923190 116005548 X 74364111 75643827 8837233 10525880 13267788 23086985 96469132 109256692 217392322 225262240 7065864 5721696 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34757 X X 0 59532291 4522929 5328012 3209355 66173877 58152182 702078 -872502 406916 57574842 57277916 1502258 2009787 2637779 58152182 49712801 2598411 7680766 2714062 57277916 45593442 668649 4506297 1055587 49712801 0.51100 0.35000 0.13900 0 0 1694933 1694933 167653718 60390036 107263682 17794569 13606883 4187686 1105426 1054367 51059 113197360 Interest Rate Swap Obligation 9456659 Other liabilities 424006 9880665 X 93328971 5721696 -4497177 1224519 92104452 -302623 -302623 91801829 80541411 302623 302623 80238788 4497177 4497177 84735965 Part III, Line 4: THE SCHOOL MAINTAINS PAINTINGS, A SHELL COLLECTION, AND A COLLECTION OF EARLY AMERICAN FURNITURE AND DECORATIVE ITEMS. DISPLAY OF THESE DONATED COLLECTIONS 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. There was an adjustment to the beginning of year endowment balance of $1,957,449. This increase is due to the addition of charitable remainder trusts and endowment pledges to the endowment fund balance. Charitable remainder trusts and endowment pledges were not classified this way in the prior tax years. 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, 2017, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. Part XI, Line 2d - Other Adjustments: FINANCIAL AID -4,497,177. Part XI, Line 4b - Other Adjustments: STORE COGS -302,623. Part XII, Line 2d - Other Adjustments: STORE COGS 302,623. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 4,497,177. 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 VARIOUS NEWSPAPERS AND CATALOGS. 1 FINANCIAL AID TO STUDENTS 363 4497177 FMV Direct credit to student account TUITION REMISSION 177 2836352 FMV Direct credit to student account Part I, Line 2: THE SCHOOL HAS A FINANCIAL AID DIRECTOR THAT OVERSEES AND MONITORS THE NEED-BASED AWARD PROCESS IN CONJUNCTION WITH A FINANCIAL AID COMMITTEE. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 DR DANA MARKHAM PRESIDENT 496464 0 50250 0 12000 0 21200 0 6313 0 586227 0 0 0 KAREN ILLIG CFO 228811 0 250 0 41150 0 20026 0 6313 0 296550 0 0 0 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 171006 0 5250 0 18800 0 14861 0 6866 0 216783 0 0 0 MARCIA HUNT DIR OF COLLEGE COUNSELING 187062 0 250 0 1000 0 15042 0 0 0 203354 0 0 0 WHITNEY WALTERS-SACHS CHIEF ADMINISTRATIVE OFFICER 148358 0 10250 0 22025 0 11389 0 6258 0 198280 0 0 0 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 145295 0 7750 0 24400 0 12792 0 6442 0 196679 0 0 0 ANTICA TYCHSEN VICE PRESIDENT OF ACADEMICS 141301 0 1250 0 10500 0 12343 0 5737 0 171131 0 0 0 JOSEPH MARKHAM EXEC DIRECTOR OF SECURITY AND SUPPOR 128126 0 10250 0 6000 0 11691 0 29863 0 185930 0 0 0 STEVEN DAMIANO DIRECTOR OF FACILITIES 135223 0 250 0 4800 0 11776 0 6866 0 158915 0 0 0 JEFFRY JOHNSON ATHLETIC DIRECTOR 108167 0 30250 0 0 0 11758 0 23607 0 173782 0 0 0 MICHAEL D PRESLO CONTROLLER 134544 0 250 0 0 0 11681 0 6325 0 152800 0 0 0 Part I, Line 1a Joseph Markham and Jeffry Johnson received nontaxable housing benefits of $23,550 and $17,250 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): Karen Illig $23,150 David Clark $17,800 Whitney Walters-Sachs $21,175 Joseph Walters $22,400 Part I, Line 4b PINE CREST PREPARATORY SCHOOL HAS AN ACTIVE 457(F) PLAN. $25,000 WAS ACCRUED DURING THE FISCAL YEAR ENDING JUNE 30, 2017. A PALM BEACH COUNTY FLORIDA 590861374 2012-09-04 71230000 TO FUND VARIOUS CAPITAL PROJECTS 0 0 0 A 8020000 71230000 5000 71225000 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BANK OF AMERICA 26.200000000000 0 0 0 0 1 A 0 Date Rebate Computation Performed Issuer Name: PALM BEACH COUNTY FLORIDA Date the Rebate Computation was Performed: 09/04/2015 NEED-BASED TUITION ASSISTANCE 104384 TUITION REMISSION TUITION REMISSION FOR KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES X GRAND PIANO 1 75000 FMV X Hydroponics Lab 1 2128 FMV 0 1 1 Part I, Line 32b: THE SCHOOL ROUTINELY USES THIRD PARTIES TO SELL SECURITIES CONTRIBUTIONS DURING THE YEAR, IF ANY. Form 990, Part VI, Section B, line 11b THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCCOUNTANT AND REVIEWED BY THE CONTROLLER, CFO, DIRECTOR OF FINANCE AND BOARD OF TRUSTEES. 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 DETERMINES 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 X Lines 8 & Line 9: SOME CURRENT YEAR ENDING BALANCES HAVE BEEN RECLASSIFIED FROM THE PRIOR YEAR FOR PRESENTATION PURPOSES. 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