Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
28 people listed on the 990; $1.4M paid to officers and key staff.
Nancy Spencer’s $411K as Head of School is at the 82nd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Nancy Spencer | $411,346 | $345,556 | $324,189 | $285,345 | $159,188 | — |
| Michael Murphy | — | — | — | — | $168,732 | $315,248 |
| Lisa Wylie | $219,356 | $214,861 | $201,838 | $191,556 | $174,901 | $114,300 |
| Karen Moore | — | — | — | — | — | $199,162 |
| Michael Gillis | $172,212 | $164,929 | $159,252 | $154,773 | $151,640 | $146,619 |
| Marcus Holmes | $153,500 | $118,735 | $113,169 | — | — | — |
| Anthony McCall | $147,988 | $142,576 | $137,836 | $134,386 | $132,094 | — |
| Lisa Bianco | $129,461 | $125,275 | $120,731 | $120,621 | $115,710 | $112,533 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Educates students to become lifelong learners and prepares them for college.
Questions for Shorecrest Preparatory School INC
Your first name shows with your question. Shorecrest Preparatory School INC answers here, for everyone.
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Shorecrest preparatory school educated 1,021 students from PK3 through 12TH grade during the 2024-2025 school year. The 87 graduates of the class of 2025 collectively contributed over 12,000 hours of service to the community during their tenure and went on to attend an impressive selection of colleges and universities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $38.0M | $37.2M |
| InvestmentsLn 11–13 | $11.4M | $14.1M |
| Land, buildings, equipmentLn 10c | $32.2M | $32.6M |
| Total assetsLn 16 | $94.7M | $98.6M |
| LiabilitiesLn 26 | $40.5M | $40.2M |
| Net assetsLn 32 | $54.2M | $58.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $2.7M | $2.7M | ||
| Pay of current officers, directors and key staffLn 5 | $758K | $102K | $606K | $51K |
| Other salaries and wagesLn 7 | $14.5M | $12.5M | $1.6M | $371K |
| Pension plan contributionsLn 8 | $860K | $683K | $140K | $37K |
| Other employee benefitsLn 9 | $3.6M | $2.8M | $651K | $155K |
| Payroll taxesLn 10 | $1.1M | $918K | $145K | $30K |
| Legal feesLn 11b | $32K | $32K | ||
| Accounting feesLn 11c | $88K | $88K | ||
| Investment management feesLn 11f | $26K | $26K | ||
| Other fees for servicesLn 11g | $2.3M | $1.6M | $450K | $160K |
| Advertising and promotionLn 12 | $252K | $180K | $60K | $13K |
| Office expensesLn 13 | $38K | $35K | $1K | $698 |
| Information technologyLn 14 | $365K | $260K | $86K | $18K |
| OccupancyLn 16 | $697K | $645K | $47K | $5K |
| TravelLn 17 | $130K | $92K | $32K | $6K |
| Conferences, conventions and meetingsLn 19 | $80K | $60K | $21K | $153 |
| InterestLn 20 | $313K | $295K | $17K | $1K |
| Depreciation, depletion and amortizationLn 22 | $2.7M | $2.6M | $146K | $11K |
| InsuranceLn 23 | $1.8M | $1.7M | $94K | $7K |
| Other expenses (24a–d)Ln 24 | $3.2M | $3.1M | $105K | $9K |
| All other expensesLn 24e | $256K | $255K | $1K | $76 |
| Total functional expensesLn 25 | $35.8M | $30.6M | $4.3M | $877K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $39.0M | $35.8M | $3.2M | $58.4M | 990 PDF |
| FY2024 | $37.3M | $33.4M | $4.0M | $54.2M | 990 PDF |
| FY2023 | $34.2M | $30.3M | $3.9M | $49.4M | 990 PDF |
| FY2022 | $30.2M | $27.2M | $3.0M | $44.7M | 990 PDF |
| FY2021 | $31.1M | $24.8M | $6.3M | $43.3M | 990 PDF |
| FY2020 | $27.8M | $24.9M | $2.9M | $37.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $38,979,412 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $38,979,412 across 11 lines filed
Part IX · Statement of functional expenses $35,823,590 across 21 lines filed
Part X · Balance sheet $98,603,748 assets, 20 lines filed
Part XI · Reconciliation of net assets $58,440,720 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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