2025-11-04T15:56:30-06:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-07-01 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 2025-11-04 1 1 MATTHEW PETROSKI P00853132 9257902600 2025-11-04 2024 2025-03-06 01:10:19Z NANCY N GREENE 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 142028102 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. 19 19 860 200 -44685 0 6705332 6363391 114185166 121541247 9033859 13311144 328183 228943 130252540 141444725 8224668 8806245 0 0 61235905 65480589 0 0 2282710 45505484 48329246 114966057 122616080 15286483 18828645 411225081 449193567 185583281 199624587 225641800 249568980 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 100442868 8806245 119585311 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. 790588 1955936 SUMMER CAMPS OFFER A VARIETY OF ACTIVITIES INCLUDING CRAFTS, FINE ARTS, ATHLETICS, AND OTHER SUMMER CAMP ACTIVITIES. 101233456 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 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 1 181 0 1 860 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 TODD ROSENBERG CHAIR 2.00 X X 0 0 0 ASHLEY PALMER LINDSAY VICE CHAIR 2.00 X X 0 0 0 SUZANNE GLEIBER SANDOW PAST CHAIR (THRU 05/25) 2.00 X X 0 0 0 JAY SCHWEDELSON PAST CHAIR 2.00 X X 0 0 0 ADONICA BLACK TRUSTEE 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 (THRU 05/25) 2.00 X 0 0 0 KEVIN FERRO TRUSTEE 2.00 X 0 0 0 BEN FROST TRUSTEE 2.00 X 0 0 0 DENISE GALLUCCI TRUSTEE 2.00 X 0 0 0 JON HAGE TRUSTEE (THRU 05/25) 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 (THRU 05/25) 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 (THRU 05/25) 2.00 X 0 0 0 MARC ROTHSCHILD TRUSTEE 2.00 X 0 0 0 RICHARD SASSO TRUSTEE 2.00 X 0 0 0 RANDI STANLEY TRUSTEE (THRU 05/25) 2.00 X 0 0 0 MICHELE STOCKER TRUSTEE 2.00 X 0 0 0 MONICA WEINBERG TRUSTEE 2.00 X 0 0 0 DANA MARKHAM PRESIDENT 40.00 X 903781 0 46511 NANCY GREENE CFO/VP OF FINANCE & OPERATIONS 40.00 X 448628 0 73592 MEAGAN OBST CORPORATE SECRETARY 40.00 X 82431 0 32826 MELANIE CONNORS HEAD OF SCHOOL BOCA/ VP OF ADMISSION 40.00 X 270739 0 87032 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES 40.00 X 308573 0 59154 LISA OCKERMAN VP OF ACADEMICS/STRATEGIC INITIATIVE 40.00 X 212781 0 17763 ALISA KARTEN VP OF PHILANTHROPIC ENGAGEMENT 40.00 X 224232 0 33144 WHITNEY WALTERS-SACHS VP, SCHOOL/LEGAL AFFAIRS (THRU 8/24) 40.00 X 446888 0 78209 MARCIA HUNT DEAN OF COLLEGE & ACADEMIC ADVISING 40.00 X 229517 0 33636 JEFFRY JOHNSON ATHLETIC DIR / ASST DIR SUPPORT SERV 40.00 X 214739 0 87140 KRISTIN SHEALY LS DIV HEAD / ASST HEAD OF SCHOOL 40.00 X 191133 0 26457 KERI KOLETTIS VP GLOBAL INNOVATION & ENTREPRENEURSHIP 40.00 X 200298 0 54155 JOSEPH WALTERS US DIV HEAD / ASSOC HEAD OF SCHOOL 40.00 X 220151 0 56742 3953891 0 686361 110 0 1 0 GULF BUILDING LLC 1121 EAST BROWARD BLVD FORT LAUDERDALE FL 33301 CONSTRUCTION SERVICES 6338201 FLIK PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 5485921 J & H PAINTING SERVICES INC 11840 WINDY FOREST WAY BOCA RATON FL 33498 PAINTING SERVICES 2822000 KMJ LAWN & LANDSCAPE INC 631 SE 8TH AVENUE POMPANO BEACH FL 33060 GROUNDS MAINTENANCE 2397600 SUNSTATES SECURITY LLC PO BOX 896583 CHARLOTTE NC 282896547 SECURITY SERVICES 1677894 61 6363391 134763 6363391 TUITION 611710 119380791 119380791 SUMMER PROGRAMS 713990 1955936 1955936 OTHER PROGRAM SERVICE 611710 204520 204520 121541247 8852128 -44685 8896813 5042393 407629 175748 4634764 -175748 4459016 4459016 OTHER INCOME 900099 228943 228943 228943 141444725 121541247 -44685 13584772 8806245 8806245 3048706 342238 2364230 342238 45611770 38595596 6210379 805795 3124365 2609308 451692 63365 10195931 8356916 1612897 226118 3499817 2806695 611141 81981 96220 6967 89253 85625 85625 528022 528022 245125 4145 240980 211013 50552 75884 84577 2174210 443976 1730234 12266117 10732359 1445310 88448 248091 248091 455546 388664 59946 6936 3109339 3109339 7938219 6635404 1229715 73100 3162586 2643545 489918 29123 ACADEMIC EXPENSES 6660032 6660032 FOOD SERVICE 6335672 6335672 SECURITY 2238210 1631477 304090 302643 AUXILIARY PROGRAM 664178 664178 1911041 162057 1570598 178386 122616080 101233456 19099914 2282710 9455445 13867119 66856968 60193465 9727575 8428785 49630252 53887806 465889 382185 4885456 5848914 241737532 111058498 117967242 130679034 97236263 116794274 39368854 44354260 15631137 14757725 411225081 449193567 8194970 8937582 104224829 110061000 69183216 77856793 3980266 2769212 185583281 199624587 X 176610944 200697739 49030856 48871241 225641800 249568980 411225081 449193567 X 18828645 4580556 517979 X 0 1 X 1 0 X 11159717 5808857 6626771 6705332 6363391 36664068 11159717 5808857 6626771 6705332 6363391 36664068 612942 36051126 2911662 10725753 7414970 9276442 8852128 39180955 752483 376581 321681 328183 228943 2007871 77852894 530345110 0.46310 0.48680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 114339313 2442047 11206580 4586780 123401160 106644752 2727990 9225907 4259336 114339313 86326592 291088 6830956 3854587 89594049 97145690 2205571 -9305259 3719410 86326592 80202210 324674 19763124 3144318 97145690 0.67670 0.32330 0.00000 0 0 1478856 1478856 207441301 90746899 116694402 8283405 4146860 4136545 23494134 16164739 7329395 1039836 1039836 130679034 NAV INVESTMENTS 22411468 C REAL ESTATE HOLDINGS 21942792 C 44354260 OTHER LIABILITIES 2769212 2769212 X 137208993 4580556 1823623 6404179 130804814 528022 10111889 10639911 141444725 113281813 0 113281813 528022 8806245 9334267 122616080 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, 2025 AND 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 TRUST AGREEMENT 148,623. REVERSAL ON INSURANCE RESERVE 1,675,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,806,245. CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 1,040,885. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE 264,759. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,806,245. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 168782 0 0 0 0 0 0 168782 0 168782 1 0 0 0 0 0 1 0 0 FINANCIAL AID TO STUDENTS 373 7873455 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 1 1 0 0 0 0 0 1 0 DANA MARKHAM PRESIDENT 634482 0 62340 0 206959 0 27600 0 18911 0 950292 0 0 0 WHITNEY WALTERS-SACHS VP, SCHOOL/LEGAL AFFAIRS (THRU 8/24) 177759 0 5000 0 264129 0 23142 0 55067 0 525097 0 0 0 NANCY GREENE CFO/VP OF FINANCE & OPERATIONS 388589 0 56911 0 3128 0 27600 0 45992 0 522220 0 0 0 JOSEPH MARKHAM VP OF SECURITY AND SUPPORT SERVICES 290002 0 16274 0 2297 0 20280 0 38874 0 367727 0 0 0 MELANIE CONNORS HEAD OF SCHOOL BOCA/ VP OF ADMISSION 261046 0 8774 0 919 0 20736 0 66296 0 357771 0 0 0 JEFFRY JOHNSON ATHLETIC DIR / ASST DIR SUPPORT SERV 191953 0 21806 0 980 0 15122 0 72018 0 301879 0 0 0 JOSEPH WALTERS US DIV HEAD / ASSOC HEAD OF SCHOOL 207933 0 11265 0 953 0 16640 0 40102 0 276893 0 0 0 MARCIA HUNT DEAN OF COLLEGE & ACADEMIC ADVISING 227634 0 1265 0 618 0 18564 0 15072 0 263153 0 0 0 ALISA KARTEN VP OF PHILANTHROPIC ENGAGEMENT 221435 0 1427 0 1370 0 18000 0 15144 0 257376 0 0 0 KERI KOLETTIS VP GLOBAL INNOVATION & ENTREPRENEURS 170129 0 29109 0 1060 0 12797 0 41358 0 254453 0 0 0 LISA OCKERMAN VP OF ACADEMICS/STRATEGIC INITIATIVE 186277 0 25075 0 1429 0 14560 0 3203 0 230544 0 0 0 KRISTIN SHEALY LS DIV HEAD / ASST HEAD OF SCHOOL 158702 0 11333 0 21098 0 13040 0 13417 0 217590 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, LINES 4A-B WHITNEY WALTERS-SACHS, VP OF SCHOOL AND LEGAL AFFAIRS RECEIVED A SEVERANCE PAYMENT IN 2024 FOR $264,129. 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 7079348 59250000 1144754 58105246 1 0 1 1 B 9942376 36475045 36475045 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 3227352 0 1 1 NANCY GREENE VP OF FINANCE & OPERATIONS, CFO SPLIT DOLLAR LIFE INSURANCE X 2000000 2151568 0 1 1 5378920 JILLIAN CONWAY DAUGHTER IN LAW OF OFFICER, DANA MARKHAM 100756 EMPLOYMENT 0 KAREN WILSON-WALTERS SISTER IN LAW OF KE, WHITNEY WALTERS-SACHS AND WIFE OF HCE JOSEPH WALTERS 45332 EMPLOYMENT 0 LYNN SASSO WIFE OF TRUSTEE, RICHARD SASSO 95795 EMPLOYMENT 0 KRISTEN KIRKENDALL DAUGHTER OF OFFICER, NANCY GREENE 115705 EMPLOYMENT 0 TARA PETRACCO SISTER OF KEY EMPLOYEE, LISA OCKERMAN 78893 EMPLOYMENT 0 X 11 134763 PUBLICLY TRADED EXCHANGE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS RATHER THAN THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 KEY EMPLOYEE JOSEPH MARKHAM IS RELATED TO OFFICER DANA MARKHAM. KEY EMPLOYEE WHITNEY WALTERS-SACHS IS RELATED TO HIGHEST COMPENSATED EMPLOYEE JOSEPH WALTERS. 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 148,623. CHANGE IN VALUE OF INTEREST SWAP AGREEMENT -1,040,885. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -264,759. REVERSAL ON INSURANCE RESERVE 1,675,000. 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