Pinecrest School INC FY2021 filing

Tax-deductible

Annandale, VA501(c)(3)Since 1957EIN 54-1055578Revenue $1.6M in FY2021

On file with the IRSpinecrestschool.org7209 Quiet Cv, 22003-2574 · Annandale, VATax-exempt since May 1977School — 170(b)(1)(A)(ii)

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Family involvement in the Pinecrest educational experience, low student-teacher ratios, caring and committed teachers, and a cohesive school community combined with a rigorous educational program to foster the development in students of high self-esteem and independence. Our ability to meet the individual needs of children, in close consultation with their parents, enables each student to grow academically, socially, and emotionally at his or her own pace within a nurturing and supportive educational environment.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$145K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $275K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+23% vs prior year
Spent
$1.4M
To programs
81%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.6M
FY2021▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.1M
FY2023$1.9M
FY2024$1.9M
FY2024$2.3M
Expenses
$1.4M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.4M
FY2023$1.6M
FY2024$1.8M
FY2024$2.0M
Net assets
$1.3M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$1.9M
FY2023$2.2M
FY2024$2.3M
FY2024$2.7M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.1M Management & general 18% · $250K Fundraising 1% · $10K

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

11 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$91,500Pt VII · Sec A
Faculty Trustee (through May 2021)
$53,539Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Community Director At-Larg
$0Pt VII · Sec A
Parent Director At-Large
$0Pt VII · Sec A
Parent Director At-Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Darren Holgate$129,222$68,850————
Nicole McDermott—$68,424$110,346$111,100$91,500$92,300
Cindy Mitlo————$53,539$56,477

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

Programs and updates

Fosters student confidence and academic success through positive social-emotional development and core values.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Academic Vision

Pinecrest School strives to foster curiosity and confidence in our students. We provide a solid foundation in core academic subjects, while also endeavoring to cultivate in our students a sense of caring for the world around them and an evolving understanding of how they can make positive contributions in our community and beyond.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$208K
Investment incomeLn 3$652
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$250K
Fundraisingcol D$10K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$208K
Government grantsLn 1e$163K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$652
Other incomeLn 4–11$538
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$300K
SavingsLn 2$791K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.2M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 534
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$627K$1.1M
Land, buildings, equipmentLn 10c$4.4M$4.3M
Total assetsLn 16$5.1M$5.5M
LiabilitiesLn 26$4.1M$4.2M
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$167K$119K$42K$5K
Other salaries and wagesLn 7$464K$432K$32K$126
Other employee benefitsLn 9$3K$4K−$458−$97
Payroll taxesLn 10$48K$42K$6K$401
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$30K$30K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$4K$4K
Information technologyLn 14$5K$5K
OccupancyLn 16$25K$22K$3K$208
TravelLn 17−$950−$950
InterestLn 20$275K$241K$32K$2K
Depreciation, depletion and amortizationLn 22$145K$127K$17K$1K
InsuranceLn 23$18K$16K$2K$153
Other expenses (24a–d)Ln 24$132K$32K$100K
All other expensesLn 24e$12K$8K$4K
Total functional expensesLn 25$1.4M$1.1M$250K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.9M$1.8M$129K$2.3M 990 PDF
FY2023 $1.9M$1.6M$265K$2.2M 990 PDF
FY2022 $2.1M$1.4M$637K$1.9M 990 PDF
FY2021 Viewing $1.6M$1.4M$262K$1.3M 990 PDF
FY2020 $1.3M$1.2M$83K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,616,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $253,273$207,768
I-9 Program service revenuePrior year $1,047,807$1,407,573
I-10 Investment incomePrior year $15$652
I-11 Other revenuePrior year $13,965$538
I-12 Total revenuePrior year $1,315,060$1,616,531
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $669,772$681,815
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $561,926$672,459
I-18 Total expensesPrior year $1,231,698$1,354,274
I-19 Revenue less expensesPrior year $83,362$262,257
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,616,531 across 10 lines filed
VIII-1c Fundraising events$14,472
VIII-1e Government grants$162,842
VIII-1f All other contributions, gifts and grants$30,454
VIII-1g Noncash contributions (included above)$1,724
VIII-1h Total contributions, gifts and grants$207,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,407,573$1,407,573
VIII-3 Investment incomeExcluded from tax $652$652
VIII-8 Net income from fundraising eventsExcluded from tax −$2,611−$2,611
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,149$3,149
VIII-12 Total revenueRelated to mission $1,410,722 · Unrelated business $0 · Excluded from tax −$1,959$1,616,531
Part IX · Statement of functional expenses $1,354,274 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $119,259 · Management $42,107 · Fundraising $5,263$166,629
IX-7 Other salaries and wagesPrograms $431,793 · Management $31,933 · Fundraising $126$463,852
IX-9 Other employee benefitsPrograms $3,945 · Management −$458 · Fundraising −$97$3,390
IX-10 Payroll taxesPrograms $41,978 · Management $5,565 · Fundraising $401$47,944
IX-11c Accounting feesPrograms $17,970$17,970
IX-11g Other fees for servicesPrograms $29,820$29,820
IX-12 Advertising and promotionManagement $8,416$8,416
IX-13 Office expensesPrograms $4,492$4,492
IX-14 Information technologyManagement $4,904$4,904
IX-16 OccupancyPrograms $21,766 · Management $2,886 · Fundraising $208$24,860
IX-17 TravelPrograms −$950−$950
IX-20 InterestPrograms $240,898 · Management $31,939 · Fundraising $2,297$275,134
IX-22 Depreciation, depletion and amortizationPrograms $127,262 · Management $16,872 · Fundraising $1,214$145,348
IX-23 InsurancePrograms $16,110 · Management $2,136 · Fundraising $153$18,399
IX-24 Other expenses (24a–d)Programs $32,253 · Management $99,941$132,194
IX-24e All other expensesPrograms $8,181 · Management $3,691$11,872
IX-25 Total functional expensesPrograms $1,094,777 · Management $249,932 · Fundraising $9,565$1,354,274
Part X · Balance sheet $5,455,425 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $610,958$299,709
X-2 Savings and temporary cash investmentsStart of year $15,919$790,729
X-9 Prepaid expenses and deferred chargesStart of year $5,127$26,001
X-10c Land, buildings and equipment, netStart of year $4,393,207$4,251,955
X-14 Intangible assetsStart of year $91,127$87,031
X-16 Total assetsStart of year $5,130,486$5,455,425
X-17 Accounts payable and accrued expensesStart of year $11,138$23,765
X-19 Deferred revenueStart of year $387,168$503,727
X-25 Other liabilitiesStart of year $149,900$149,007
X-26 Total liabilitiesStart of year $4,106,828$4,169,510
X-27 Net assets without donor restrictionsStart of year $1,023,658$1,285,915
X-32 Total net assets or fund balancesStart of year $1,023,658$1,285,915
X-33 Total liabilities and net assetsStart of year $5,130,486$5,455,425
Part XI · Reconciliation of net assets $1,285,915 net assets at year end
XI-1 Total revenue$1,616,531
XI-2 Total expenses$1,354,274
XI-3 Revenue less expenses$262,257
XI-4 Net assets at start of year$1,023,658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,285,915

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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