Pinecroft School INC

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Develops children's love of learning with a challenging curriculum and individual attention. For fiscal year 2025 it reported $480K in revenue, $464K in expenses, and $336K in net assets.Pt I

Type: Public charity (501(c)(3)) · Education
Location: Rehoboth, MA
Website: www.pinecroftschool.org
Filings: 5 on file (2021–2025)

Revenue

$480KFY2025

Expenses

$464K

Net assets

$336K

People

Filings

Updates

More identity details & actions ⌄

EIN 04-2753459 Public charity (501(c)(3)) Rehoboth, MA

Form 990 (PDF)

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Size

$100K–1M

What they do

Develops children's love of learning with a challenging curriculum and individual attention.

Leadership

Joshua Grubman · President

Money in and out

$480K revenue, $464K expenses

Bottom line

90% program efficiency

Where the money goes · FY2025

Total revenue

$480K

Pt VIII · Ln 12

Total expenses

$464K

Pt IX · Ln 25

Net assets

$336K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $17K

Where spending went · Part IX cols B–D

90%

Program services $0.90 Management & general $0.10

Program efficiency

90%

of spending reaches programs▲ +0.6% vs prior filing year

Operating runway

9.4mo

months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year

Surplus margin

+3%

revenue over expenses, this year▼ -68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990

Revenue

$480K

FY2025▼ -11%

Expenses

$464K

FY2025▼ -3%

Total assets

$842K

FY2025▲ +4%

Total liabilities

$506K

FY2025▲ +3%

Total revenue

$480K

Pt VIII · Ln 12

Total expenses

$464K

Pt IX · Ln 25

Net assets

$336K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$17K

Total assetsPt X · Ln 16$842K

Program-expense ratioPt IX · col B90%

Voting members of governing bodyPt I · Ln 36

Independent voting membersPt I · Ln 46

Mission & Programs · Part III

Where the work happens

1 program service account for $416K of program spending, described in the organization's own filed words · FY2024.

Private elementary education serving approximately 40 students.

$416Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CPinecroft School INC

EINHdr · item D04-2753459

Principal addressHdr · item CRehoboth, MA

WebsiteHdr · item Jwww.pinecroftschool.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MMA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFEducation (B200)

Ruling yearIRS BMFMay 1983

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a6

Independent voting membersPt VI · Ln 1b6

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aYes

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Joshua Grubman

President

$0Pt VII · Sec A

Jonathan Biddle

Vice Preside

$0Pt VII · Sec A

Jeff Cummings

Treasurer

$0Pt VII · Sec A

Jennifer Howe

Clerk

$0Pt VII · Sec A

Margarita Arcand

Director

$0Pt VII · Sec A

Anne West

Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Program service revenue$451K · 94%

Contributions & grants$7K · 2%

Investment income$11K · 2%

Other revenue$11K · 2%

Program service revenue94%$451K

Contributions & grants2%$7K

Investment income2%$11K

Other revenue2%$11K

Total revenueLn 12$480K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

90%

Program services $0.90 Management & general $0.10

Program services90%$416K

Management & general10%$48K

Total functional expensesLn 25$464K

Balance Sheet

Part X · end of year

CashLn 1$361K

Total assetsLn 16$842K

Total liabilitiesLn 26$506K

Total net assetsLn 32$336K

Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $361K · Operating expenses (Pt IX) $464K · Less non-cash grants $2K · Cash operating expenses/yr $462K

9.4 months

Where the money goes

Program services

Program services $416K · Total expenses $464K

90%

Management & General

Management & general $48K · Total expenses $464K

10%

Fundraising

Fundraising $0 · Total expenses $464K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $5K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $7K · Total revenue $480K

Government reliance

Government grants — · Total revenue $480K

—

Earned-income share

Program service revenue $451K · Total revenue $480K

94%

Investment reliance

Investment income $11K · Total revenue $480K

+2%

Program self-sufficiency

Program service revenue $451K · Total expenses $464K

97%

Growth & trend

Revenue growth (YoY)

This year $480K · Prior year $537K

-11%

Revenue CAGR

FY2020 $423K · FY2024 $480K

+3%

Net-asset trend (YoY)

End of year $336K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $480K · Expenses $464K

+3%

Liabilities-to-Assets

Total liabilities — · Total assets $842K

—

Net-asset ratio

Net assets $336K · Total assets $842K

40%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $842K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Joshua Grubman · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $464K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $273K · Total expenses $464K

59%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	90%	—	—
Overhead ratio	10%	—	—
Fundraising cost ratio	0%	—	—
Revenue growth	-11%	—	—
Accounting fee ratio	1%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record

Grants received · FY2024

David R Picerne Charitable FoundationFY2024$4K

Total grants receivedfrom 1 funder$4K

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$480K revenue · viewing · ⤓ 990 PDF

FY2024$537K revenue · ⤓ 990 PDF

FY2023$516K revenue · ⤓ 990 PDF

FY2022$477K revenue · ⤓ 990 PDF

FY2021$423K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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