Pinecrest Academy INC FY2020 filing

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Established as a charter school operator in the district school boards of miami-dade and orange counties, florida and providing individual instruction in a nurturing environment, ensuring college and career success, using rigor, relevance, and relationships to empower students to become tomorrow's global leaders.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$886K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $12.9M a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$886K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.6M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64.0M
Spent
$63.5M
To programs
88%
Net assets
$35.8M
By yearFY2020–FY2025
Revenue
$64.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$64.0M
FY2021$90.1M
FY2022$104.1M
FY2023$137.1M
FY2024$184.9M
FY2025$162.1M
Expenses
$63.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$63.5M
FY2021$81.3M
FY2022$102.7M
FY2023$125.3M
FY2024$141.0M
FY2025$150.9M
Net assets
$35.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$35.8M
FY2021$45.0M
FY2022$46.4M
FY2023$58.2M
FY2024$102.1M
FY2025$110.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Feb 2003.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $55.9M Management & general 12% · $7.6M

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

12 people listed on the 990; $886K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal
$162,956Pt VII · Sec A
$160,750Pt VII · Sec A
School Leader
$128,938Pt VII · Sec A
Employee
$123,146Pt VII · Sec A
$105,817Pt VII · Sec A
$103,560Pt VII · Sec A
$100,445Pt VII · Sec A
$0Pt VII · Sec A

Susie Dopico’s $248K as Principal is at the 8th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susie Dopico$248,087$226,488$207,815$194,047$159,689$162,956
Victoria Larrauri$189,774$179,848$171,273$161,202$138,063$105,817
Caridad Montano—$159,491$159,491$162,241$180,094—
Ana C Mendez$160,786$152,678$140,305———
Carrie Montano—————$160,750
Jennifer Perez$159,040$148,910$110,949———
Cristina Alcalde$152,482$143,612$129,590$117,517——
Ana Diaz———$128,538$138,272$123,146

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.

See Pinecrest Academy INC executive salaries →

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

Educates students for college and career success in a nurturing environment.

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1 program · $55.9M · in their own filed words · FY2019
01

The schools provide education for children from pre-kindergarten through twelfth grade. For fiscal year ended june 30, 2020, approximately 7,082 students were enrolled.

$55.9Mprogram 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 1 funder$5K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $8.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through U.s. Department of Education$3.8M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through U.s. Department of Agriculture$3.1M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through U.s. Department of Agriculture$538K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through U.s. Department of Education$389K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through U.s. Department of Education$324K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $20.5M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Florida Department of Education$15.8M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Florida Department of Agriculture$3.3M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Florida Department of Agriculture$517K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through Florida Department of Education$382K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Florida Department of Education$300K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $17.3M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Florida Department of Education$12.7M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Florida Department of Africulture$3.4M
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Florida Department of Education$348K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Florida Department of Africulture$347K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Florida Department of Education$304K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $8.9M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through School Boards of Miami Dade, Orange, Pasco, Brevard and Lake County$5.2M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Florida Department of Agriculture$2.4M
Career and Technical Education -- Basic Grants to StatesDepartment of Education · ALN 84.048 · Through School Boards of Miami Dade, Orange, Pasco, Brevard and Lake County$372K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through School Boards of Miami Dade, Orange, Pasco, Brevard and Lake County$259K
Supporting Effective Instruction State GrantsDepartment of Education · ALN 84.367 · Through School Boards of Miami Dade, Orange, Pasco, Brevard and Lake County$246K

Plus 3 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$64.0M
Ln 12
Gifts and grantsLn 1h$58.9M
Fees for servicesLn 2g$4.1M
Other incomeLn 4–11$529K
Money outPt IX
$63.5M
Ln 25
Programscol B$55.9M
Managementcol C$7.6M
Owns and owesPt X
$35.8M
net assets · Ln 32
Cash and savingsLn 1–2$29.8M
Total assetsLn 16$73.5M
LiabilitiesLn 26$37.6M
PeoplePt VI, VII
12
listed · VII A
PaidVII A7
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58.9M
Government grantsLn 1e$58.9M
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$430K
Other incomeLn 4–11$529K
Total revenueLn 12$64.0M
Assets in detailPt X, end of year
CashLn 1$29.8M
Cash and savings togetherLn 1–2$29.8M
Land, buildings, equipmentLn 10c$37.2M
Other assetsLn 15$5.0M
Total assetsLn 16$73.5M
LiabilitiesLn 26$37.6M
Net assetsLn 32$35.8M
OperationsPt I, VI
EmployeesI 51,059
VolunteersI 62,297
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$28.3M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$30.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$25.7M$29.8M
Land, buildings, equipmentLn 10c$36.9M$37.2M
Total assetsLn 16$69.0M$73.5M
LiabilitiesLn 26$33.7M$37.6M
Net assetsLn 32$35.3M$35.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$27.4M$23.4M$4.0M
Pension plan contributionsLn 8$507K$405K$101K
Other employee benefitsLn 9$5.2M$4.5M$674K
Management feesLn 11a$3.2M$2.1M$1.1M
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$181K$181K
Other fees for servicesLn 11g$648K$586K$62K
Advertising and promotionLn 12$68K$68K
OccupancyLn 16$9.0M$9.0M
TravelLn 17$150K$121K$29K
InterestLn 20$1.4M$1.4M
Depreciation, depletion and amortizationLn 22$3.4M$3.4M$38K
InsuranceLn 23$690K$690K
Other expenses (24a–d)Ln 24$5.6M$5.3M$247K
All other expensesLn 24e$6.0M$4.9M$1.1M
Total functional expensesLn 25$63.5M$55.9M$7.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 11, 2026 $162.1M$150.9M$11.3M$110.8M 990 PDF
FY2024Filed with the IRS Mar 5, 2025 $184.9M$141.0M$43.9M$102.1M 990 PDF
FY2023Filed with the IRS Mar 5, 2024 $137.1M$125.3M$11.8M$58.2M 990 PDF
FY2022Filed with the IRS Apr 3, 2023 $104.1M$102.7M$1.4M$46.4M 990 PDF
FY2021Filed with the IRS May 4, 2022 $90.1M$81.3M$8.8M$45.0M 990 PDF
FY2020 ViewingFiled with the IRS Apr 22, 2021 $64.0M$63.5M$511K$35.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $63,972,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,755,208$58,870,258
I-9 Program service revenuePrior year $4,862,553$4,143,510
I-10 Investment incomePrior year $525,868$430,469
I-11 Other revenuePrior year $132,667$528,550
I-12 Total revenuePrior year $56,276,296$63,972,787
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 $27,913,101$33,082,950
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,455,349$30,378,757
I-18 Total expensesPrior year $53,368,450$63,461,707
I-19 Revenue less expensesPrior year $2,907,846$511,080
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $63,972,787 across 7 lines filed
Lines not itemized here account for $63,205 of total revenue; see the IRS return.
VIII-1e Government grants$58,870,258
VIII-1h Total contributions, gifts and grants$58,870,258
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,080,305$4,080,305
VIII-3 Investment incomeRelated to mission $430,469$430,469
VIII-8 Net income from fundraising eventsExcluded from tax $261,636$261,636
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $266,914$266,914
VIII-12 Total revenueRelated to mission $4,840,893 · Unrelated business $0 · Excluded from tax $261,636$63,972,787
Part IX · Statement of functional expenses $63,461,707 across 15 lines filed
IX-7 Other salaries and wagesPrograms $23,362,019 · Management $4,026,786$27,388,805
IX-8 Pension plan contributionsPrograms $405,200 · Management $101,322$506,522
IX-9 Other employee benefitsPrograms $4,513,495 · Management $674,128$5,187,623
IX-11a Management feesPrograms $2,121,750 · Management $1,060,875$3,182,625
IX-11b Legal feesManagement $62,235$62,235
IX-11c Accounting feesManagement $181,085$181,085
IX-11g Other fees for servicesPrograms $586,318 · Management $61,602$647,920
IX-12 Advertising and promotionPrograms $67,880$67,880
IX-16 OccupancyPrograms $9,000,196$9,000,196
IX-17 TravelPrograms $120,550 · Management $29,204$149,754
IX-20 InterestPrograms $1,415,548$1,415,548
IX-22 Depreciation, depletion and amortizationPrograms $3,383,572 · Management $37,859$3,421,431
IX-23 InsurancePrograms $690,184$690,184
IX-24 Other expenses (24a–d)Programs $5,348,022 · Management $246,921$5,594,943
IX-24e All other expensesPrograms $4,856,061 · Management $1,108,895$5,964,956
IX-25 Total functional expensesPrograms $55,870,795 · Management $7,590,912 · Fundraising $0$63,461,707
Part X · Balance sheet $73,491,792 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $25,747,455$29,770,575
X-3 Pledges and grants receivableStart of year $651,449$734,161
X-4 Accounts receivableStart of year $152,880$388,342
X-9 Prepaid expenses and deferred chargesStart of year $862,235$431,253
X-10c Land, buildings and equipment, netStart of year $36,948,679$37,207,439
X-15 Other assetsStart of year $4,675,512$4,960,022
X-16 Total assetsStart of year $69,038,210$73,491,792
X-17 Accounts payable and accrued expensesStart of year $2,680,584$3,725,011
X-20 Tax-exempt bond liabilitiesStart of year $28,801,320$28,252,166
X-25 Other liabilitiesStart of year $2,223,382$4,728,688
X-26 Total liabilitiesStart of year $33,705,286$37,647,788
X-27 Net assets without donor restrictionsStart of year $35,332,924$35,844,004
X-32 Total net assets or fund balancesStart of year $35,332,924$35,844,004
X-33 Total liabilities and net assetsStart of year $69,038,210$73,491,792
Part XI · Reconciliation of net assets $35,844,004 net assets at year end
XI-1 Total revenue$63,972,787
XI-2 Total expenses$63,461,707
XI-3 Revenue less expenses$511,080
XI-4 Net assets at start of year$35,332,924
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$35,844,004

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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