Pinecrest Academy Inc.

Overview

Pinecrest Academy Inc. is a nonprofit organization designated as a 501(c)(3) entity, primarily focused on educational purposes as a category of Elementary, Secondary Education, K - 12 (B29) according to the NTEE classification. Donations to this organization are tax-deductible.

Mission

Pinecrest Academy aims to empower lifelong learners with the knowledge and values necessary for productive global leadership. The organization operates through partnerships between communities, parents, and educators to prepare students for global roles.

Operations

Pinecrest Academy Inc. operates a network of schools across multiple states, serving over 18,000 students. The organization oversees several charter schools under its umbrella, including Pinecrest Academy South Charter School and Pinecrest North Preparatory Academy, among others.

Notable Achievements

Pinecrest Academy schools have received national recognition for their commitment to empowering students, particularly in STEM education. Some of the schools have earned titles such as A+ School, highlighting their excellence in educational standards.

Financial Structure

As of recent financial filings, Pinecrest Academy Inc. derives a significant portion of its revenue from contributions and program services, with contributions making up approximately 90.7% of total revenue in the past. Total assets for the organization have been reported to exceed $52 million, with liabilities nearing $27 million.

Leadership and Governance

Key employees and officers include principals and school leaders who manage the day-to-day operations of the schools. The compensation for these roles varies, with some principals earning over $145,000 annually. However, several board members and directors are listed as receiving no compensation for their roles.

Related Organizations

A separate entity, Pinecrest Academy Foundation, supports the educational experience of Pinecrest Academy charter schools. However, it is distinct from Pinecrest Academy Inc., with its own financial and operational structure.