2015-05-15T14:11:21-05:00 2014-06-30 204989621 VERDEJA & DE ARMAS LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2013-07-01 590861374 PINE CREST PREPARATORY SCHOOL INC PINE 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 DR DANA MARKHAM PRESIDENT 9544924100 2015-05-14 true OCTAVIO A VERDEJA P00640853 3054463177 2015-05-15 2013 2016-02-25 16:41:14Z DR DANA MARKHAM 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 89087216 false X WWW.PINECREST.EDU X 1989 FL TO OFFER A CHALLENGING ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLEANCE IN THE ARTS AND ATHLETICS; TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; AND TO PROVIDE A NURTURING LEARNING COMMUNITY THAT PREPARES STUDENTS TO MEET THE GLOBAL CHALLANGES OF OUR FUTURE. PINE CREST PREPARATORY SCHOOL OFFERS CHALLENGING ACADEMIC AND CO-CURRICULAR PROGRAMS FOR APPROXIMATELY 2,600 STUDENTS IN GRADES PK-12 ON TWO CAMPUSES. PINE CREST OFFERS A VARIETY OF SUMMER PROGRAMS AND CAMPS THAT SERVICES HUNDREDS OF CHILDREN FROM THE SURROUNDING COMMUNITY. 21 21 942 500 0 2924117 3374473 64752240 69311932 1787652 3098499 283373 648261 69747382 76433165 0 0 38887276 42170971 0 1027724 28833366 28782438 67720642 70953409 2026740 5479756 210764785 218906414 129588344 127063844 81176441 91842570 X TO OFFER A CHALLENGING ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLEANCE IN THE ARTS AND ATHLETICS; TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; AND TO PROVIDE A NURTURING LEARNING COMMUNITY THAT PREPARES STUDENTS TO MEET THE GLOBAL CHALLANGES OF OUR FUTURE. PINE CREST PREPARATORY SCHOOL OFFERS CHALLENGING ACADEMIC AND CO-CURRICULAR PROGRAMS FOR APPROXIMATELY 2,600 STUDENTS IN GRADES PK-12 ON TWO CAMPUSES. PINE CREST OFFERS A VARIETY OF SUMMER PROGRAMS AND CAMPS THAT SERVICES HUNDREDS OF CHILDREN FROM THE SURROUNDING COMMUNITY. false false 53172486 PINE CREST OFFERS A FULL COLLEGE PREP ACADEMIC CURRICULUM ALONG WITH RELATED ACTIVITIES FOR GRADES PRE-K - 12TH AT TWO CAMPUSES WITH APPROXIMATELY 2,600 STUDENTS. 2119005 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 55291491 true true false false false false false true false true true false false false true true true false true false false false false false true false false false false true true false false false false false false false false false false false false false false false true false false false true 171 0 true 942 true false false false false false true true false false false false false false X 21 21 true false false false false false false true true false false true true true true true true true true false FL X MICHAEL D PRESLO CONTROLLER 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 TIM INGHAM VICE CHAIR 1.00 X 0 0 0 ROBERT MOORE DIRECTOR 1.00 X 0 0 0 DAVID KANTOR DIRECTOR 1.00 X 0 0 0 EDUARDO HAUSER DIRECTOR 1.00 X 0 0 0 DAVID KIRSCHNER DIRECTOR 1.00 X 0 0 0 SUZANNE SANDOW DIRECTOR 1.00 X 0 0 0 JEAN FINDEISS DIRECTOR 1.00 X 0 0 0 ARMANDO LEIGHTON DIRECTOR 1.00 X 0 0 0 JONATHAN HAGE DIRECTOR 1.00 X 0 0 0 JAMES RILEY DIRECTOR 1.00 X 0 0 0 JEFF HOLLANDER CHAIR 1.00 X 0 0 0 ANDREW ROSEN DIRECTOR 1.00 X 0 0 0 SCOTT SILVERMAN DIRECTOR 1.00 X 0 0 0 ALBERT KOTITE DIRECTOR 1.00 X 0 0 0 JORDAN ZIMMERMAN DIRECTOR 1.00 X 0 0 0 ROSA FEENEY DIRECTOR 1.00 X 0 0 0 DAN SHEINBERG DIRECTOR 1.00 X 0 0 0 ANA WALDMAN DIRECTOR 1.00 X 0 0 0 LESLIE ROZENCWAIG DIRECTOR 1.00 X 0 0 0 HOLLY HUDSON BODENWEBER DIRECTOR 1.00 X 0 0 0 ROBERT COLTON DIRECTOR 1.00 X 0 0 0 DANA MARKHAM PRESIDENT 40.00 X 451107 0 20800 WILLIAM DAVISON VP - EXTERNA 40.00 X 244525 0 13602 MICHAEL PRESLO CONTROLLER 40.00 X 160983 0 8062 ANITA TYCHSEN VP OF ACADEM 40.00 X 149523 0 7821 JAMES COWGILL JR PREVIOUS CFO 40.00 X 131192 0 10255 RICHARD FLECK CFO 40.00 X 89196 0 0 CHAVELA ROBIN CORPORATE SE 40.00 X 53839 0 2326 SCOTT WING HEAD OF SCHO 40.00 X 179569 0 14260 1459934 77126 6 false true false SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 922433 HARVARD MAINTENACE INC 5440 NW 33RD AVE 103 FORT LAUDERDALE FL 33309 JANITORIAL 687833 THE BRICKMAN GROUP LTD LLC 5075 NW 159TH STREET MIAMI LAKES FL 33014 LANDSCAPING 489183 SMART AIR SYSTEMS INC 1731 BANKS RD MARGATE FL 33063 AC/CHILLER MAIN 438283 KIMMKO INC 5794 LONEWOOD COURT JUPITER FL 33458 JANITORIAL 411431 9 3374473 3374473 SCHOOL TUITION 611710 64427317 64427317 SUMMER ACTIVITY REVENUE 713990 4383918 4383918 OTHER INCOME 611710 500697 500697 69311932 1382318 1382318 13967679 103300 12351999 2799 1615680 100501 1716181 1716181 947514 299253 648261 76433165 71028113 1382318 1447862 188800 1025593 233469 32017181 23953314 7566770 497097 2398051 1729985 615715 52351 3851454 3851454 2456423 2456423 118489 118489 55800 55800 412236 337381 74855 68204 68204 17893 3564 14329 288820 155042 127769 6009 2740999 2740999 6042865 6042865 2128111 2128111 OTHER EXPENSES 8517595 3892613 4475368 149614 MAINTENANCE EXPENSE 2972151 2972151 ACADEMIC EXPENSE 2940399 2940399 UTILITIES 1767731 1767731 711145 471604 239541 70953409 55291491 14634194 1027724 25899783 28506215 1025107 1509888 4731660 4791733 18941 8553 181772882 59157814 124338219 122615068 49712801 57277916 5038274 4197041 210764785 218906414 4186640 4379301 32955993 33571189 69700000 68150000 9471335 7850305 13274376 13113049 129588344 127063844 X 63675272 71893138 4598372 6939327 12902797 13010105 81176441 91842570 210764785 218906414 5479756 5186373 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 49712801 2598411 7680766 -2714062 57277916 45593442 668649 4506297 -1055587 49712801 46786601 637630 259828 -1876397 45593442 37805680 2749913 8333153 -2102145 46786601 34010255 2250039 3733674 -2188288 37805680 0.67260 0.22190 0.10550 false false 1694933 1694933 162613104 46381527 116231577 16159874 11721920 4437954 1304971 1054367 250604 122615068 OBLIGATION UNDER INTEREST RATE SWAP 10257112 ACCRUED INTEREST PAYABLE 1944740 OTHER LIABILITIES 911197 13113049 X 81918792 5186373 299254 5485627 76433165 76433165 71252663 299254 299254 70953409 70953409 SCHEDULE D, PAGE 3, PART X THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC) INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THIS INTERPRETATION MUST BE APPLIED TO ALL EXISTING TAX POSITIONS. THE CUMULATIVE EFFECT, IF ANY, IS TO BE REPORTED AS AN ADJUSTMENT TO OPENING NET ASSETS. THIS INTERPRETATION WILL REQUIRE MANAGEMENT OF THE SCHOOL TO ANALYZE ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTE OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS, WHICH INCLUDES FEDERAL AND CERTAIN STATES. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES (I.E., GENERALLY THE LAST FOUR TAX YEAR ENDS AND THE INTERIM TAX PERIOD SINCE THEN). THE SCHOOL FILES INFORMATION RETURNS WITH THE FEDERAL AND STATE GOVERNMENTS, WHICH ARE OPEN FOR EXAMINATION BY THE AUTHORITIES FOR THREE YEARS AFTER FILING. PCAC WAS NOTIFIED BY THE INTERNAL REVENUE SERVICE (THE "IRS") BY A LETTER DATED JUNE 13, 2011 THAT THE ORGANIZATION'S TAX EXEMPT STATUS AS A 501(C)(2) ORGANIZATION WAS REVOKED AUTOMATICALLY BECAUSE IT HAD NOT FILED A TAX RETURN FOR THE PREVIOUS THREE YEARS. THE SCHOOL HAD BEEN ADVISED THAT NO SEPARATE RETURNS NEEDED TO BE FILED FOR PCAC. THE IRS IN A LETTER DATED MAY 19, 2012 DENIED PCAC'S REQUEST TO HAVE PCAC'S TAX EXEMPT STATUS REINSTATED AS OF THE DATE OF REVOCATION AND TO INSTEAD REINSTATE EFFECTIVE DATE TO JANUARY 31, 2012. THE SCHOOL FILED AN APPEAL AND THE IRS , IN A LETTER DATED MARCH 6, 2014, REVERSED ITS PRIOR DECISION AND REINSTATED PCAC'S TAX EXEMPT STATUS AS OF THE DATE OF INITIAL REVOCATION. THIS MATTER IS NOW CLOSED. SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENT 299,254 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS 299,254 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 PUBLICATION OF POLICY IN VARIOUS NEWSPAPERS AND CATALOGS. FT. LAUDERDALE 620855 620855 160595 BOCA RATON AUCT 326659 326659 138658 947514 947514 299253 299253 648261 X X true true X X X X X X false false false false false false false false false DANA MARKHAM PRESIDENT 389107 50000 12000 20800 471907 WILLIAM DAVISON VP - EXTERNAL RELATI 231167 250 13108 13602 258127 MICHAEL PRESLO CONTROLLER 150733 10250 8062 169045 ANITA TYCHSEN VP OF ACADEMICS 142973 250 6300 7821 157344 SCOTT WING HEAD OF SCHOOL 177319 2250 14260 193829 A PALM BEACH COUNTY FLORIDA 590861374 2009-08-01 75000000 TO FUND VARIOUS CAPITAL PROJECTS false false false A false false false true A false false false false false false true A false false false false true false false false false FORM 990 - ORGANIZATION'S MISSION TO OFFER A CHALLENGING ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLEANCE IN THE ARTS AND ATHLETICS; TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; AND TO PROVIDE A NURTURING LEARNING COMMUNITY THAT PREPARES STUDENTS TO MEET THE GLOBAL CHALLANGES OF OUR FUTURE. PINE CREST PREPARATORY SCHOOL OFFERS CHALLENGING ACADEMIC AND CO-CURRICULAR PROGRAMS FOR APPROXIMATELY 2,600 STUDENTS IN GRADES PK-12 ON TWO CAMPUSES. PINE CREST OFFERS A VARIETY OF SUMMER PROGRAMS AND CAMPS THAT SERVICES HUNDREDS OF CHILDREN FROM THE SURROUNDING COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 2 DANA MARKHAM JOE MARKHAM PRESIDENT DIR OF TRANS WIFE/HUSBAND SCOTT WING JARED SVENDSEN HEAD OF SCHO MEDIA SPECIA FATHER IN LAW/SON IN LAW FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO THE CFO/CONTROLLER OF THE INSTITUTION WHERE IT IS REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY IS EXAMINED AND ENFORCED THROUGH USE OF ANNUAL DISCLOSURES AS DETERMINED BY THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES CREATED A COMPENSATION COMMITTEE MADE UP OF INDIVIDUALS WHO DO NOT HAVE ANY CONFLICT OF INTEREST TO REVIEW AND APPROVE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF EACH PERSON IS REVIEWED AND APPROVED USING DATA FOR SIMILIARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILIARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF TRUSTEES CREATED A COMPENSATION COMMITTEE MADE UP OF INDIVIDUALS WHO DO NOT HAVE ANY CONFLICT OF INTEREST TO REVIEW AND APPROVE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF EACH PERSON IS REVIEWED AND APPROVED USING DATA FOR SIMILIARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILIARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PAGE 6, PART VI, 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 SPECIAL EVENT 299,254 SPECIAL EVENTS -299,254 PCAC INC 1501 NE 62 ST FT LAUDERDALE FL 33334 650927219 REAL PROP. FL 501C2 PINE CREST PINE CREST PREPARATORY SCHOOL INC false false false false false false false false false false false false false false true false false false false false PCAC INC PCAC INC N NO VALUE