Pinewood Preparatory School FY2021 filing

Tax-deductible

Summerville, SC501(c)(3)Since 1952EducationEIN 57-0513825Revenue $9.0M in FY2021

On file with the IRSpinewoodprep.com1114 Orangeburg Rd, 29483-8904 · Summerville, SCTax-exempt since Dec 1974School — 170(b)(1)(A)(ii)

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Education - preschool through grade 12.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$224K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.0M a year · 19% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$224K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 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
$6.8M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.0M
Spent
$6.9M
To programs
80%
Net assets
$2.7M
By yearFY2021–FY2025
Revenue
$9.0M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$9.0M
FY2022$9.5M
FY2023$11.0M
FY2024$11.1M
FY2025$12.4M
Expenses
$6.9M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$6.9M
FY2022$7.6M
FY2023$8.4M
FY2024$9.2M
FY2025$11.0M
Net assets
$2.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.7M
FY2022$4.6M
FY2023$7.2M
FY2024$9.3M
FY2025$10.7M

From the FY2021 Form 990 (year ending May 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1974.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $5.5M Management & general 13% · $917K Fundraising 7% · $495K

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

21 people listed on the 990; $224K 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
Headmaster
$223,713Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Dr Daniel Seiden’s $297K as Head of School is at the 64th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Daniel Seiden—$315,500$344,382$532,816$223,713
Dr Daniel Seiden$297,400————
Julie Londergan——$95,000——
Jordyn Baker$73,125————

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

Provides educational programs for children from preschool through twelfth grade.

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Provided by the organization

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2 programs · $5.5M · in their own filed words · FY2020
01

Academics -curriculum includes college preparatory program, music, art, drama, physical education, athletics, student activities,and science labs.

$5.0Mprogram expense
02

Auxillary activities -includes the various functions, food service and other activities to support the school.

$436Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.0M
Ln 12
Fees for servicesLn 2g$6.8M
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$20K
Money outPt IX
$6.9M
Ln 25
Programscol B$5.5M
Managementcol C$917K
Fundraisingcol D$495K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$9.5M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$6.8M
Investment incomeLn 3$3K
Other incomeLn 4–11$20K
Total revenueLn 12$9.0M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$96K
Total assetsLn 16$9.5M
LiabilitiesLn 26$6.8M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 5144
VolunteersI 6100
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$1.3M$2.9M
Land, buildings, equipmentLn 10c$5.8M$5.5M
Total assetsLn 16$7.6M$9.5M
LiabilitiesLn 26$7.0M$6.8M
Net assetsLn 32$627K$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$224K$45K$89K$89K
Other salaries and wagesLn 7$3.8M$3.2M$361K$212K
Pension plan contributionsLn 8$87K$73K$9K$6K
Other employee benefitsLn 9$353K$327K$19K$7K
Payroll taxesLn 10$284K$236K$29K$20K
Accounting feesLn 11c$36K$18K$18K
Advertising and promotionLn 12$35K$24K$10K
Office expensesLn 13$63K$44K$13K$6K
Information technologyLn 14$56K$42K$11K$3K
OccupancyLn 16$447K$307K$84K$56K
InterestLn 20$177K$133K$35K$9K
Depreciation, depletion and amortizationLn 22$503K$377K$101K$25K
InsuranceLn 23$123K$92K$25K$6K
Other expenses (24a–d)Ln 24$463K$381K$51K$31K
All other expensesLn 24e$241K$155K$72K$14K
Total functional expensesLn 25$6.9M$5.5M$917K$495K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.4M$11.0M$1.4M$10.7M 990 PDF
FY2024 $11.1M$9.2M$2.0M$9.3M 990 PDF
FY2023 $11.0M$8.4M$2.6M$7.2M 990 PDF
FY2022 $9.5M$7.6M$1.9M$4.6M 990 PDF
FY2021 Viewing $9.0M$6.9M$2.1M$2.7M 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 $8,988,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $229,794$2,118,187
I-9 Program service revenuePrior year $6,755,897$6,847,708
I-10 Investment incomePrior year $3,791$2,827
I-11 Other revenuePrior year −$597$20,272
I-12 Total revenuePrior year $6,988,885$8,988,994
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 $4,928,018$4,745,511
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,405,447$2,143,787
I-18 Total expensesPrior year $7,333,465$6,889,298
I-19 Revenue less expensesPrior year −$344,580$2,099,696
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,988,994 across 7 lines filed
VIII-1e Government grants$1,343,116
VIII-1f All other contributions, gifts and grants$775,071
VIII-1h Total contributions, gifts and grants$2,118,187
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,847,708$6,847,708
VIII-3 Investment incomeRelated to mission $2,827$2,827
VIII-8 Net income from fundraising eventsExcluded from tax $20,272$20,272
VIII-12 Total revenueRelated to mission $6,850,535 · Unrelated business $0 · Excluded from tax $20,272$8,988,994
Part IX · Statement of functional expenses $6,889,298 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,743 · Management $89,485 · Fundraising $89,485$223,713
IX-7 Other salaries and wagesPrograms $3,223,806 · Management $360,903 · Fundraising $212,483$3,797,192
IX-8 Pension plan contributionsPrograms $72,531 · Management $8,738 · Fundraising $6,117$87,386
IX-9 Other employee benefitsPrograms $327,339 · Management $18,966 · Fundraising $6,741$353,046
IX-10 Payroll taxesPrograms $235,541 · Management $29,039 · Fundraising $19,594$284,174
IX-11c Accounting feesPrograms $18,167 · Management $18,167$36,334
IX-12 Advertising and promotionPrograms $24,294 · Fundraising $10,411$34,705
IX-13 Office expensesPrograms $44,449 · Management $12,700 · Fundraising $6,350$63,499
IX-14 Information technologyPrograms $41,646 · Management $11,106 · Fundraising $2,776$55,528
IX-16 OccupancyPrograms $307,118 · Management $84,013 · Fundraising $56,194$447,325
IX-20 InterestPrograms $132,851 · Management $35,427 · Fundraising $8,857$177,135
IX-22 Depreciation, depletion and amortizationPrograms $376,986 · Management $100,530 · Fundraising $25,132$502,648
IX-23 InsurancePrograms $92,210 · Management $24,589 · Fundraising $6,147$122,946
IX-24 Other expenses (24a–d)Programs $381,131 · Management $51,078 · Fundraising $30,577$462,786
IX-24e All other expensesPrograms $154,819 · Management $71,926 · Fundraising $14,136$240,881
IX-25 Total functional expensesPrograms $5,477,631 · Management $916,667 · Fundraising $495,000$6,889,298
Part X · Balance sheet $9,509,532 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,254,822$2,888,192
X-3 Pledges and grants receivableStart of year $26,455$970,431
X-4 Accounts receivableStart of year $168,893$80,156
X-9 Prepaid expenses and deferred chargesStart of year $14,662$9,830
X-10c Land, buildings and equipment, netStart of year $5,775,676$5,465,288
X-15 Other assetsStart of year $0$95,635
X-16 Total assetsStart of year $7,637,030$9,509,532
X-17 Accounts payable and accrued expensesStart of year $723,390$719,969
X-19 Deferred revenueStart of year $607,116$1,938,889
X-20 Tax-exempt bond liabilitiesStart of year $4,942,207$3,884,209
X-25 Other liabilitiesStart of year $97,869$2,240
X-26 Total liabilitiesStart of year $7,009,908$6,782,714
X-27 Net assets without donor restrictionsStart of year $451,030$1,964,555
X-28 Net assets with donor restrictionsStart of year $176,092$762,263
X-32 Total net assets or fund balancesStart of year $627,122$2,726,818
X-33 Total liabilities and net assetsStart of year $7,637,030$9,509,532
Part XI · Reconciliation of net assets $2,726,818 net assets at year end
XI-1 Total revenue$8,988,994
XI-2 Total expenses$6,889,298
XI-3 Revenue less expenses$2,099,696
XI-4 Net assets at start of year$627,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,726,818

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

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