Pine Crest Preparatory School INC: Nonprofit Profile, Financials & Form 990 (EIN 59-0861374)

Revenue by fiscal year
FY2021	$107.4M
FY2022	$117.0M
FY2023	$119.4M
FY2024	$130.3M
FY2025	$141.4M

Expenses by fiscal year
FY2021	$89.0M
FY2022	$94.4M
FY2023	$104.4M
FY2024	$115.0M
FY2025	$122.6M

Net assets by fiscal year
FY2021	$162.2M
FY2022	$171.7M
FY2023	$192.9M
FY2024	$225.6M
FY2025	$249.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1962.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

16%

Program services 83% · $101.2M Management & general 16% · $19.1M Fundraising 2% · $2.3M

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

38 people listed on the 990; $4.0M paid to officers and key staff.

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

Dana Markham

President

$903,781Pt VII · Sec A

Nancy Greene

CFO/VP of Finance & Operations

$448,628Pt VII · Sec A

Whitney Walters-Sachs

VP, School/Legal Affairs (thru 8/24)

$446,888Pt VII · Sec A

Joseph Markham

VP of Security and Support Services

$308,573Pt VII · Sec A

Melanie Connors

Head of School Boca/ VP of Admission

$270,739Pt VII · Sec A

Marcia Hunt

Dean of College & Academic Advising

$229,517Pt VII · Sec A

Alisa Karten

VP of Philanthropic Engagement

$224,232Pt VII · Sec A

Joseph Walters

US Div Head / Assoc Head of School

$220,151Pt VII · Sec A

Dana Markham’s $904K as President is at the 70th percentile of top reported officer pay among 674 $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
Dana Markham	$903,781	$863,998	$1,056,997	—	—
Dr Dana Markham	—	—	—	$1,048,913	$1,035,445
Nancy Greene	$448,628	$372,751	$373,142	$377,157	$327,751
Whitney Walters-Sachs	$446,888	$292,266	$255,688	$273,716	$253,669
Joseph Markham	$308,573	$245,108	$204,421	$218,162	$197,329
Melanie Connors	$270,739	$263,002	$232,007	$220,655	$226,094
Susan Peirce	—	$122,671	$234,562	$238,180	$220,782
Marcia Hunt	$229,517	$225,859	$211,963	$216,012	$199,537

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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes
Loans to or from officersSch L · Pt II2 listed

Programs and updates

Develops student character, independence, and leadership through academics, arts, and athletics.

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Provided by the organization

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2 programs · $101.2M · in their own filed words · FY2024

01

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 2,715 students.

$100.4Mprogram expense

02

Summer camps offer a variety of activities including crafts, fine arts, athletics, and other summer camp activities.

$791Kprogram 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

Community Foundation for Palm Beach and Martin Counties INCFY2024$517K

Greater HorizonsFY2024$250K

Fidelity Investments Charitable Gift FundFY2024$233K

National Philanthropic TrustFY2024$228K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$210K

Morgan Stanley Global Impact Funding Trust INCFY2024$188K

The@joseph and Florence Mandel Family Foundation-Michele M andFY2024$154K

Vanguard Charitable Endowment ProgramFY2024$152K

Total grants receivedfrom 17 funders$2.3M

See all 17 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$141.4M

Ln 12

Fees for servicesLn 2g$121.5M

Investment incomeLn 3$13.3M

Gifts and grantsLn 1h$6.4M

Money outPt IX

$122.6M

Ln 25

Programscol B$101.2M

Managementcol C$19.1M

Fundraisingcol D$2.3M

Owns and owesPt X

$249.6M

net assets · Ln 32

Cash and savingsLn 1–2$74.1M

Total assetsLn 16$449.2M

LiabilitiesLn 26$199.6M

PeoplePt VI, VII

38

listed · VII A

PaidVII A13

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.4M

Noncash giftsLn 1g$135K

Fees for servicesLn 2g$121.5M

Investment incomeLn 3$13.3M

Other incomeLn 4–11$229K

Gains on assetsLn 7$4.5M

Total revenueLn 12$141.4M

Assets in detailPt X, end of year

CashLn 1$13.9M

SavingsLn 2$60.2M

Cash and savings togetherLn 1–2$74.1M

InvestmentsLn 11–13$161.1M

Land, buildings, equipmentLn 10c$130.7M

Other assetsLn 15$14.8M

Total assetsLn 16$449.2M

LiabilitiesLn 26$199.6M

Net assetsLn 32$249.6M

OperationsPt I, VI

EmployeesI 5796

VolunteersI 636

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$76.3M	$74.1M
InvestmentsLn 11–13	$136.6M	$161.1M
Land, buildings, equipmentLn 10c	$118.0M	$130.7M
Total assetsLn 16	$411.2M	$449.2M
LiabilitiesLn 26	$185.6M	$199.6M
Net assetsLn 32	$225.6M	$249.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$8.8M	$8.8M
Pay of current officers, directors and key staffLn 5	$3.0M	$342K	$2.4M	$342K
Other salaries and wagesLn 7	$45.6M	$38.6M	$6.2M	$806K
Pension plan contributionsLn 8	$3.1M	$2.6M	$452K	$63K
Other employee benefitsLn 9	$10.2M	$8.4M	$1.6M	$226K
Payroll taxesLn 10	$3.5M	$2.8M	$611K	$82K
Legal feesLn 11b	$96K	$7K	$89K
Accounting feesLn 11c	$86K		$86K
Investment management feesLn 11f	$528K		$528K
Advertising and promotionLn 12	$245K	$4K	$241K
Office expensesLn 13	$211K	$51K	$76K	$85K
Information technologyLn 14	$2.2M	$444K	$1.7M
OccupancyLn 16	$12.3M	$10.7M	$1.4M	$88K
TravelLn 17	$248K	$248K
Conferences, conventions and meetingsLn 19	$456K	$389K	$60K	$7K
InterestLn 20	$3.1M	$3.1M
Depreciation, depletion and amortizationLn 22	$7.9M	$6.6M	$1.2M	$73K
InsuranceLn 23	$3.2M	$2.6M	$490K	$29K
Other expenses (24a–d)Ln 24	$15.9M	$15.3M	$304K	$303K
All other expensesLn 24e	$1.9M	$162K	$1.6M	$178K
Total functional expensesLn 25	$122.6M	$101.2M	$19.1M	$2.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$141.4M	$122.6M	$18.8M	$249.6M	990 PDF
FY2024	$130.3M	$115.0M	$15.3M	$225.6M	990 PDF
FY2023	$119.4M	$104.4M	$15.0M	$192.9M	990 PDF
FY2022	$117.0M	$94.4M	$22.7M	$171.7M	990 PDF
FY2021	$107.4M	$89.0M	$18.4M	$162.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $141,444,725 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,705,332$6,363,391

I-9 Program service revenuePrior year $114,185,166$121,541,247

I-10 Investment incomePrior year $9,033,859$13,311,144

I-11 Other revenuePrior year $328,183$228,943

I-12 Total revenuePrior year $130,252,540$141,444,725

I-13 Grants and similar amounts paidPrior year $8,224,668$8,806,245

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $61,235,905$65,480,589

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $45,505,484$48,329,246

I-18 Total expensesPrior year $114,966,057$122,616,080

I-19 Revenue less expensesPrior year $15,286,483$18,828,645

Part VI · Governance 19 of 19 board members independent, 1 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-2 Family or business relationship among officers or directorsYes

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 $141,444,725 across 8 lines filed

VIII-1f All other contributions, gifts and grants$6,363,391

VIII-1g Noncash contributions (included above)$134,763

VIII-1h Total contributions, gifts and grants$6,363,391

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $121,541,247$121,541,247

VIII-3 Investment incomeUnrelated business −$44,685 · Excluded from tax $8,896,813$8,852,128

VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,459,016$4,459,016

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $228,943$228,943

VIII-12 Total revenueRelated to mission $121,541,247 · Unrelated business −$44,685 · Excluded from tax $13,584,772$141,444,725

Part IX · Statement of functional expenses $122,616,080 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $8,806,245$8,806,245

IX-5 Pay of current officers, directors and key staffPrograms $342,238 · Management $2,364,230 · Fundraising $342,238$3,048,706

IX-7 Other salaries and wagesPrograms $38,595,596 · Management $6,210,379 · Fundraising $805,795$45,611,770

IX-8 Pension plan contributionsPrograms $2,609,308 · Management $451,692 · Fundraising $63,365$3,124,365

IX-9 Other employee benefitsPrograms $8,356,916 · Management $1,612,897 · Fundraising $226,118$10,195,931

IX-10 Payroll taxesPrograms $2,806,695 · Management $611,141 · Fundraising $81,981$3,499,817

IX-11b Legal feesPrograms $6,967 · Management $89,253$96,220

IX-11c Accounting feesManagement $85,625$85,625

IX-11f Investment management feesManagement $528,022$528,022

IX-12 Advertising and promotionPrograms $4,145 · Management $240,980$245,125

IX-13 Office expensesPrograms $50,552 · Management $75,884 · Fundraising $84,577$211,013

IX-14 Information technologyPrograms $443,976 · Management $1,730,234$2,174,210

IX-16 OccupancyPrograms $10,732,359 · Management $1,445,310 · Fundraising $88,448$12,266,117

IX-17 TravelPrograms $248,091$248,091

IX-19 Conferences, conventions and meetingsPrograms $388,664 · Management $59,946 · Fundraising $6,936$455,546

IX-20 InterestPrograms $3,109,339$3,109,339

IX-22 Depreciation, depletion and amortizationPrograms $6,635,404 · Management $1,229,715 · Fundraising $73,100$7,938,219

IX-23 InsurancePrograms $2,643,545 · Management $489,918 · Fundraising $29,123$3,162,586

IX-24 Other expenses (24a–d)Programs $15,291,359 · Management $304,090 · Fundraising $302,643$15,898,092

IX-24e All other expensesPrograms $162,057 · Management $1,570,598 · Fundraising $178,386$1,911,041

IX-25 Total functional expensesPrograms $101,233,456 · Management $19,099,914 · Fundraising $2,282,710$122,616,080

Part X · Balance sheet $449,193,567 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $9,455,445$13,867,119

X-2 Savings and temporary cash investmentsStart of year $66,856,968$60,193,465

X-3 Pledges and grants receivableStart of year $9,727,575$8,428,785

X-4 Accounts receivableStart of year $49,630,252$53,887,806

X-8 Inventories for sale or useStart of year $465,889$382,185

X-9 Prepaid expenses and deferred chargesStart of year $4,885,456$5,848,914

X-10c Land, buildings and equipment, netStart of year $117,967,242$130,679,034

X-11 Publicly traded securitiesStart of year $97,236,263$116,794,274

X-12 Other securitiesStart of year $39,368,854$44,354,260

X-15 Other assetsStart of year $15,631,137$14,757,725

X-16 Total assetsStart of year $411,225,081$449,193,567

X-17 Accounts payable and accrued expensesStart of year $8,194,970$8,937,582

X-19 Deferred revenueStart of year $104,224,829$110,061,000

X-20 Tax-exempt bond liabilitiesStart of year $69,183,216$77,856,793

X-25 Other liabilitiesStart of year $3,980,266$2,769,212

X-26 Total liabilitiesStart of year $185,583,281$199,624,587

X-27 Net assets without donor restrictionsStart of year $176,610,944$200,697,739

X-28 Net assets with donor restrictionsStart of year $49,030,856$48,871,241

X-32 Total net assets or fund balancesStart of year $225,641,800$249,568,980

X-33 Total liabilities and net assetsStart of year $411,225,081$449,193,567

Part XI · Reconciliation of net assets $249,568,980 net assets at year end

XI-1 Total revenue$141,444,725

XI-2 Total expenses$122,616,080

XI-3 Revenue less expenses$18,828,645

XI-4 Net assets at start of year$225,641,800

XI-5 Net unrealized gains (losses) on investments$4,580,556

XI-9 Other changes in net assets$517,979

XI-10 Net assets at end of year$249,568,980

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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