2019-04-02T12:00:49-05:00 2018-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2017-07-01 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 2019-03-18 1 KATY BROWN P00650274 9257902600 2019-03-18 38.111.205.16 2019-03-18 15:24:24 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 32CDE991C152F389A30DE5702E9B7F379660D813 2017 2019-02-21 02:37:17Z NANCY N GREENE 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 145172043 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. 20 20 950 200 0 0 3044582 3164763 83993614 85895537 4598143 3291830 165490 36577 91801829 92388707 7333529 7715251 0 0 46393685 48118977 0 0 1723501 31008751 33474133 84735965 89308361 7065864 3080346 225262240 229450983 116005548 112401875 109256692 117049108 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 71742535 7715251 83136781 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. 1764161 2795333 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 73506696 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 1 120 0 1 950 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 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 DAVID KIRSCHNER CHAIR 1.00 X X 0 0 0 MICHELE STOCKER VICE CHAIR 1.00 X X 0 0 0 TIM INGRAM PAST CHAIR 1.00 X X 0 0 0 HOLLY BODENWEBER DIRECTOR 1.00 X 0 0 0 SHEILA CARNICELLI DIRECTOR 1.00 X 0 0 0 DR ROBERT COLTON DIRECTOR 1.00 X 0 0 0 JAY 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 DR BRIAN BERNICK 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 BARBARA LANDRY DIRECTOR 1.00 X 0 0 0 DR EVAN PACKER DIRECTOR 1.00 X 0 0 0 JAMES RILEY 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 G ALLEN ANDREAS DIRECTOR 1.00 X 0 0 0 CHRISTINE WELCH DIRECTOR 1.00 X 0 0 0 DR DANA MARKHAM PRESIDENT 40.00 X 601562 0 52866 KAREN ILLIG FORMER CFO (THRU 6/18) 40.00 X 293946 0 27866 CHAVELA ROBIN CORPORATE SECRETARY 40.00 X 59131 0 12254 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 40.00 X 202360 0 23672 MARCIA HUNT DIR OF COLLEGE COUNSELING 40.00 X 194222 0 15493 WHITNEY WALTERS-SACHS CHIEF ADMIN. OFFICER 40.00 X 246505 0 25822 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 40.00 X 181032 0 20434 ANTICA TYCHSEN VICE PRESIDENT OF ACADEMICS 40.00 X 157976 0 17584 JOSEPH MARKHAM EXEC DIRECTOR OF SECURITY 40.00 X 167895 0 19836 STEVEN DAMIANO DIRECTOR OF FACILITIES 40.00 X 135909 0 18223 JEFFRY JOHNSON ATHLETIC DIRECTOR 40.00 X 148013 0 19486 MICHAEL D PRESLO CONTROLLER 40.00 X 147690 0 17309 MELANIE CONNORS VP OF ADMISSIONS 40.00 X 143309 0 18830 SHARON SCHMIDT DIVISION HEAD - LOWER SCHOOL 40.00 X 137352 0 10912 2816902 0 300587 40 0 1 0 KMJ LAWN AND LANDSCAPE INC 631 SOUTHEAST 8 AVENUE POMPANO BEACH FL 33060 LANDSCAPING 1440384 ACL CLEANING SYSTEMS LLC 3314 NW 69TH ST FORT LAUDERDALE FL 33309 JANITORIAL 1088738 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1016189 ZTI LLC 2813 NE 21ST AVE FORT LAUDERDALE FL 33306 CONTRACTOR 849466 SUNSTATES SECURITY LLC PO BOX 896583 CHARLOTTE NC 28289 SECURITY 707054 16 3164763 78840 3164763 TUITION 611710 82673069 82673069 SUMMER PROGRAMS 713990 2795333 2795333 OTHER PROGRAM SERVICE 611710 427135 427135 85895537 2026371 2026371 53623574 1552 52350813 8854 1272761 -7302 1265459 1265459 460246 423669 36577 36577 92388707 85932114 0 3291830 7715251 7715251 2172617 210633 1749424 212560 36782072 30329164 5693109 759799 3028270 2366625 586294 75351 3377987 2573226 691524 113237 2758031 2155430 533974 68627 207710 207710 120351 120351 489472 489472 37299 7307 3607 26385 906639 416297 490342 6559456 5758140 756228 45088 43768 33698 10070 426408 370435 43629 12344 3027804 3027804 6350755 5299852 989894 61009 1784093 1784093 OTHER EXPENSES 7322706 5332209 1662106 328391 ACADEMIC EXPENSES 5004957 5004957 MATERIALS AND SUPPLIES 1192715 1155273 26802 10640 89308361 73506696 14078164 1723501 3770706 1304395 34054407 27723154 1946430 1433385 4330689 4108980 72450 158848 2680164 2430695 192337845 80132404 113197360 112205441 57587312 70464900 6013076 7688052 1609646 1933133 225262240 229450983 5255699 6131651 38024868 38111026 62844316 61016294 9880665 7142904 116005548 112401875 X 75643827 83592104 10525880 10428292 23086985 23028712 109256692 117049108 225262240 229450983 3080346 4712070 0 X 0 1 X 1 0 X 3374473 4648493 5560758 3044582 3164763 19793069 3374473 4648493 5560758 3044582 3164763 19793069 358704 19434365 1382318 1119827 1382486 1462506 2026371 7373508 947514 746188 730788 2424490 29591067 399940148 0.65680 X 114296 X X 0 66173877 12103209 3580189 1720071 80137204 59532291 4522929 5328012 3209355 66173877 58152182 702078 -872502 406916 57574842 57277916 1502258 2009787 2637779 58152182 49712801 2598411 7680766 2714062 57277916 0.59480 0.28740 0.11780 0 0 1694933 1694933 169657483 64000716 105656767 3653375 1554186 2099189 17013140 14577502 2435638 318914 318914 112205441 INTEREST RATE SWAP OBLIGATION 6718485 OTHER LIABILITIES 424419 7142904 X 92777545 4712070 423669 5135739 87641806 4746901 4746901 92388707 84985129 423669 423669 84561460 4746901 4746901 89308361 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. 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, 2018, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: STORE COGS 423,669. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,746,901. PART XII, LINE 2D - OTHER ADJUSTMENTS: STORE COGS 423,669. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,746,901. 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 FINANCIAL AID TO STUDENTS 287 4746901 FMV DIRECT CREDIT TO STUDENT ACCOUNT TUITION REMISSION 177 2968350 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 1 0 DR DANA MARKHAM PRESIDENT 496159 0 50250 0 55153 0 46600 0 6266 0 654428 0 0 0 KAREN ILLIG FORMER CFO (THRU 6/18) 274321 0 7750 0 11875 0 21600 0 6266 0 321812 0 0 0 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 177510 0 5250 0 19600 0 16862 0 6810 0 226032 0 0 0 MARCIA HUNT DIR OF COLLEGE COUNSELING 193972 0 250 0 0 0 15493 0 0 0 209715 0 0 0 WHITNEY WALTERS-SACHS CHIEF ADMIN. OFFICER 206042 0 30250 0 10213 0 19012 0 6810 0 272327 0 0 0 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 155044 0 16250 0 9738 0 14880 0 5554 0 201466 0 0 0 ANTICA TYCHSEN VICE PRESIDENT OF ACADEMICS 157226 0 750 0 0 0 12756 0 4828 0 175560 0 0 0 JOSEPH MARKHAM EXEC DIRECTOR OF SECURITY 144145 0 17750 0 6000 0 13570 0 6266 0 187731 0 0 0 STEVEN DAMIANO DIRECTOR OF FACILITIES 123359 0 7750 0 4800 0 11413 0 6810 0 154132 0 0 0 JEFFRY JOHNSON ATHLETIC DIRECTOR 112763 0 35250 0 0 0 12978 0 6508 0 167499 0 0 0 MICHAEL D PRESLO CONTROLLER 144440 0 3250 0 0 0 12096 0 5213 0 164999 0 0 0 MELANIE CONNORS VP OF ADMISSIONS 103559 0 16750 0 23000 0 12020 0 6810 0 162139 0 0 0 PART I, LINE 1A JOSEPH MARKHAM AND JEFFRY JOHNSON RECEIVED NONTAXABLE HOUSING BENEFITS OF $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): MELANIE CONNORS $23,000 KAREN ILLIG $11,875 DAVID CLARK $19,600 WHITNEY WALTERS-SACHS $10,213 JOSEPH WALTERS $9,738 PART I, LINE 4B PINE CREST PREPARATORY SCHOOL HAS AN ACTIVE 457(F) PLAN. $25,000 WAS ACCRUED DURING THE 2017 CALENDAR YEAR FOR THE PRESIDENT. 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. A PALM BEACH COUNTY FLORIDA 590861374 2012-09-04 71230000 TO FUND VARIOUS CAPITAL PROJECTS 0 0 0 A 9615000 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: 08/28/2017 OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES 140889 TUITION REMISSION TUITION REMISSION FOR KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES X 4 78840 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. 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 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. 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