2025-05-02T10:58:59-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 237412158 SHORECREST PREPARATORY SCHOOL INC SHOR 7275222111 5101 FIRST STREET NORTHEAST ST PETERSBURG FL 33703 LISA WYLIE CHIEF FINANCIAL OFFICER 7275222111 2025-05-01 1 1 MATTHEW PETROSKI P00853132 9257902600 2025-04-30 2023 2025-03-06 01:10:19Z NANCY SPENCER 5101 FIRST STREET NORTHEAST ST PETERSBURG FL 33703 37797462 0 X WWW.SHORECREST.ORG X 1923 FL SPS IS A COLLEGE PREPARATORY SCHOOL THAT EDUCATES LIFELONG LEARNERS. 20 20 320 100 0 0 2540407 2785096 30762966 33102650 688845 1381115 230647 58309 34222865 37327170 2196825 2322009 0 0 17493868 19117776 0 0 823715 10614718 11930778 30305411 33370563 3917454 3956607 87773351 94739109 38403942 40523897 49369409 54215212 X A COLLEGE PREPARATORY SCHOOL THAT EDUCATES A DIVERSE COMMUNITY OF STUDENTS TO BECOME LIFELONG LEARNERS IN THE PURSUIT OF PERSONAL AND ACADEMIC EXCELLENCE, PHYSICAL WELL-BEING, CREATIVE ACHIEVEMENT AND THE DEVELOPMENT OF A COMMITMENT TO SOCIAL RESPONSIBILITY. 0 0 28734987 2322009 33193401 SHORECREST PREPARATORY SCHOOL EDUCATED A COMMUNITY OF 1,039 STUDENTS FROM 3-YEARS-OLD THROUGH 12TH GRADE THROUGHOUT THE 2023-2024 SCHOOL YEAR. 68 STUDENTS GRADUATED FROM SHORECREST IN 2024, 100% OF WHOM WERE ACCEPTED TO COLLEGES AND UNIVERSITIES OF THEIR CHOICE. THE GRADUATING CLASS OF 2024 COLLECTIVELY CONTRIBUTED 7,500 HOURS OF SERVICE TO THE GREATER COMMUNITY THROUGHOUT THEIR TIME AT SHORECREST.FALL 2023 MARKED THE FINAL STRETCH OF CENTENNIAL CELEBRATIONS WHICH INCLUDED THE SHORECREST GALA. THE EVENT CELEBRATED THE SCHOOL'S CENTENNIAL AND RAISED FUNDS TO ESTABLISH THE TEACHERS FUND, DESIGNED TO PROVIDE GRANTS TO CLASSROOM TEACHERS FOR PROFESSIONAL DEVELOPMENT AND SPECIAL PROJECTS (CONTINUED ON SCHEDULE O) IN SUPPORT OF THE STRATEGIC INITIATIVE OF ACADEMIC EXCELLENCE. AS SHORECREST EMBARKED ON ITS SECOND CENTURY, SCHOOL LEADERSHIP FOCUSED ON INTEGRATING THE RECENTLY LAUNCHED ROSS ROEDER INSTITUTE- A SCHOOLWIDE PROGRAM FOR FINANCIAL LITERACY, ECONOMICS AND ENTREPRENEURSHIP - INTO THE CURRICULUM AND COMMENCED THE EXPANSION OF THE CENTER FOR ACADEMIC EXCELLENCE - AN ACADEMIC ENRICHMENT AND SUPPORT PROGRAM THAT BENEFITS ALL STUDENTS AND TEACHERS AT THE SCHOOL. 28734987 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 117 0 1 320 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 FL X LISA WYLIE 7275222111 5101 FIRST STREET NORTHEAST ST PETERSBURG FL 33703 WILLIAM T CONROY CHAIR 1.00 X X 0 0 0 PAMELA H GREACEN VICE-CHAIR 1.00 X X 0 0 0 MATTHEW FREY TREASURER 1.00 X X 0 0 0 ANDREA SILVERMAN SECRETARY 1.00 X X 0 0 0 REBECCA ARMACOST TRUSTEE 1.00 X 0 0 0 MOHIT BANSAL TRUSTEE 1.00 X 0 0 0 ADAM BEFELER TRUSTEE 1.00 X 0 0 0 DARLA BROWNING-HUTTON TRUSTEE 1.00 X 0 0 0 JEFF FREEDMAN TRUSTEE 1.00 X 0 0 0 CORY G GAFFNEY TRUSTEE 1.00 X 0 0 0 NATALIE GEBICKE TRUSTEE 1.00 X 0 0 0 JASON GREEN TRUSTEE 1.00 X 0 0 0 ALEX LAVOIE TRUSTEE 1.00 X 0 0 0 ISAAC MCKINNEY III TRUSTEE 1.00 X 0 0 0 ADAM PRAWER TRUSTEE 1.00 X 0 0 0 JENINE RABIN TRUSTEE 1.00 X 0 0 0 SARAH L RIBEIRO TRUSTEE 1.00 X 0 0 0 BRENT RICHARD TRUSTEE 1.00 X 0 0 0 DAVID VETTER TRUSTEE 1.00 X 0 0 0 SHERRY WILLIAMS TRUSTEE 1.00 X 0 0 0 NANCY SPENCER HEAD OF SCHOOL 40.00 X 345556 0 41388 LISA WYLIE CFO 40.00 X 214861 0 14691 MICHAEL GILLIS DIRECTOR OF ADVANCEMENT 40.00 X 164929 0 34207 ANTHONY MCCALL DIRECTOR OF ATHLETICS 40.00 X 142576 0 23450 LISA BIANCO HEAD OF LOWER SCHOOL 40.00 X 125275 0 10723 KRISTINE GRANT HEAD OF MIDDLE SCHOOL 40.00 X 121074 0 24471 MARCUS HOLMES DIRECTOR OF FACILITIES 40.00 X 118735 0 7853 1233006 0 156783 7 0 1 0 SAGE DINING 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 2801365 EMERALD FACILITY MANAGEMENT PO BOX 8460 SEMINOLE FL 33775 JANITORIAL / CLEANING SERVICES 475161 FIRST CLASS COACH COMPANY 4783 37TH STREET N ST PETE FL 33714 BUS TRANSPORTATION 201340 FLORIDA ARTS ACADEMY 8331 39TH AVE N ST PETE FL 33709 CAMPS FOR STUDENTS 162370 DAC ENTERPRISES OF TAMPA INC 6218 IMPERIAL KEY TAMPA FL 33615 EXTERIOR AND INTERIOR PAINTING 126300 5 688907 2096189 79838 2785096 TUITION AND FEES 611710 29975662 29975662 AFTER SCHOOL AND SUMME 611710 2073863 2073863 TUTORING AND STUDY PRO 611710 655737 655737 STUDENT FEES 611710 350443 350443 ATHLETIC PROGRAMS 611710 46945 46945 33102650 1354350 1354350 69931 0 69931 69931 69931 85890 52785 111548 362 -25658 52423 26765 26765 256009 688907 358382 -102373 -102373 MISCELLANEOUS INCOME 900099 87750 87750 FINANCE CHARGES 900099 3001 3001 90751 37327170 33193401 0 1348673 2322009 2322009 656010 528096 127914 13627744 11885336 1485025 257383 692863 605717 70342 16804 3126727 2606025 423395 97307 1014432 854318 129673 30441 37519 37519 76360 76360 23179 23179 2104836 1484640 510543 109653 222833 149067 62696 11070 39657 31979 3127 4551 263000 175937 73997 13066 1677201 1595651 74676 6874 111915 75911 24634 11370 89069 60415 19605 9049 319726 306433 10785 2508 2519494 2414749 84978 19767 834414 800282 27691 6441 FOOD SUPPLIES/SERVICES 1519526 1484287 7956 27283 STUDENT ACTIVITIES 896989 896989 OTHER EXPENSES 586733 453572 106364 26797 MINOR EQUIPMENT 395928 319271 31220 45437 212399 212399 33370563 28734987 3811861 823715 1060758 3609860 34242696 34356072 1153698 1167937 103758 242571 159181 162365 19860 58602 416254 739119 55546020 23324667 30945597 32221353 9293422 11153171 208012 202047 10170115 10826012 87773351 94739109 1506613 2958454 16167770 16218786 10875241 10534789 340848 550919 9513470 10260949 38403942 40523897 X 45052034 48359143 4317375 5856069 49369409 54215212 87773351 94739109 X 3956607 895161 -5965 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9293422 765461 1180178 85890 11153171 8233359 216000 868731 24668 9293422 9155433 414273 -1298408 37939 8233359 6542902 390082 2245405 22956 9155433 6632722 1999 -67428 4005 20386 6542902 0.67430 0.24870 0.07700 0 0 424465 424465 41071221 15751896 25319325 2223856 1072085 1151771 10189931 6500686 3689245 1636547 1636547 32221353 OTHER ASSETS 84998 CONTRACTUAL TUITION RECEIVABLE 10223256 RIGHT-OF-USE ASSET 517758 10826012 UNCLAIMED PROPERTY 6039 FUNDS HELD FOR OTHERS 726 CONTRACTUAL DEFERRED TUITION 10223256 REFUNDABLE RENT 30928 10260949 X 35947592 895161 -2327974 -1432813 37380405 23179 -76414 -53235 37327170 31101789 0 31101789 23179 2245595 2268774 33370563 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT THE SCHOOL'S CHARITABLE AND EDUCATIONAL PROGRAMS. PER BOARD POLICY, THE ENDOWMENT'S PRINCIPAL WILL BE LEFT UNTOUCHED, WHILE THE EARNINGS THEREFROM ARE AVAILABLE FOR USE TO FUND SCHOOL ACTIVITIES ONCE THE ENDOWMENT TOTALS $5 MILLION. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE CONSIDERED NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,322,009. CHANGE IN VALUE OF REMAINDER TRUST -5,965. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -76,414. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -76,414. FINANCIAL AID 2,322,009. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLICIZED ON THE SCHOOL'S WEBSITE HOMEPAGE AS WELL AS IN OTHER AREAS THROUGHOUT THE WEBSITE. IN ADDITION, THE POLICY IS PUBLISHED IN ALL FAMILY HANDBOOKS. SCHEDULE E, PART I, LINE 6 SHORECREST RECEIVED FLORIDA TAX CREDIT PAYMENTS ON BEHALF OF STUDENTS. THE SHORECREST GALA 724773 582221 142552 42115 88387 56318 13375 47627 SCA SOIREE MASQUERADE BALL 100805 75186 25619 5084 15485 20535 600 1820 3 119338 31500 87838 17211 449 3591 45785 944916 688907 256009 47199 121083 77302 17566 95232 358382 -102373 1 0 0 TRUSTEE SCHOLARSHIP 9 0 198582 FMV TUITION FINANCIAL AID 165 0 2123427 FMV TUITION PART I, LINE 2: THE SCHOOL USES FACTS GRANT & AID TO ASSESS NEED-BASED FINANCIAL AID. THE HEAD OF SCHOOL, CFO AND ADMISSIONS DIRECTOR MAKE FINANCIAL AID AWARD DECISIONS WITHIN THE LIMITS SET BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES. GRANTS ISSUED TO STUDENTS MUST BE USED FOR TUITION. THE STUDENT HAS NO DISCRETION TO USE THE FUNDS FOR A NON-EDUCATIONAL PURPOSE. X 0 1 X X X 0 0 0 0 0 0 0 1 0 NANCY SPENCER HEAD OF SCHOOL 320424 0 25132 0 0 0 19800 0 21588 0 386944 0 0 0 LISA WYLIE CFO 204729 0 10132 0 0 0 14331 0 360 0 229552 0 0 0 MICHAEL GILLIS DIRECTOR OF ADVANCEMENT 164787 0 142 0 0 0 12619 0 21588 0 199136 0 0 0 ANTHONY MCCALL DIRECTOR OF ATHLETICS 134165 0 142 0 8269 0 9234 0 14216 0 166026 0 0 0 PART I, LINE 1A ALL ELIGIBLE EMPLOYEES RECEIVED HOLIDAY BONUSES THAT A GROSSED UP AMOUNT SO AS TO NET TO $100 FOR A FULL TIME EMPLOYEE AND $50 FOR A PART TIME EMPLOYEE. PART I, LINE 7 NANCY SPENCER RECEIVED A DISCRETIONARY BONUS OF $25,132 DETERMINED BY THE BOARD OF TRUSTEES. LISA WYLIE RECEIVED A DISCRETIONARY BONUS OF $10,132 DETERMINED BY THE HEAD OF SCHOOL. ALL ELIGIBLE EMPLOYEES RECEIVED HOLIDAY BONUSES THAT A GROSSED UP AMOUNT SO AS TO NET TO $100 FOR A FULL TIME EMPLOYEE AND $50 FOR A PART-TIME EMPLOYEE. A PINELLAS COUNTY EDUCATIONAL FACILITIES AUTHORITY 596000800 2021-02-25 7211000 REFINANCE & CONSTRUCT CHARGER COMMONS 0 0 0 B PINELLAS COUNTY EDUCATIONAL FACILITIES AUTHORITY 596000800 2015-05-01 8100000 REFINANCE & CONSTRUCT EDUCATIONAL FACILITIES 0 0 0 A 2648787 7211000 7211000 2049 1 0 1 0 B 1847328 8100000 8100000 2030 1 0 1 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 0 B 0 NANCY SPENCER HEAD OF SCHOOL HOUSING LOAN X 150000 162365 0 1 1 162365 ANNE MICHELLE FREY FAMILY MEMBER OF MATTHEW FREY, TRUSTEE 93821 EMPLOYMENT 0 DONNA CONROY FAMILY MEMBER OF WILLIAM CONROY, TRUSTEE 59954 EMPLOYMENT 0 X 4 46746 PUBLICLY TRADED EXCHANGE X DONATED ITEMS FOR GALA AUCTION AND RAFFLES 12 33092 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE CFO, THE CONTROLLER, HEAD OF SCHOOL, AND BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE FILING WITH THE IRS. EACH TRUSTEE IS THEN PROVIDED A REVIEWED FORM 990 WITHOUT SCHEDULE B FOR THE PROTECTION OF DONOR CONFIDENTIALITY. FORM 990, PART VI, SECTION B, LINE 12C IF A CONFLICT OF INTEREST EXISTS, THE TRUSTEE SHALL INFORM THE BOARD IMMEDIATELY AND SHALL NOT PARTICIPATE IN ANY DISCUSSION OR VOTE WITH RESPECT TO THE CONFLICTED TRANSACTION. IF AN ENTITY RELATED TO THE TRUSTEE OR THE TRUSTEE'S FAMILY IS NEGOTIATING A TRANSACTION OR ARRANGEMENT, THE SCHOOL MUST SOLICIT AT LEAST ONE OTHER BID. THE CONFLICT OF INTEREST STATEMENT IS COMMUNICATED TO FACULTY AND STAFF IN THE EMPLOYEE HANDBOOK. ALL FACULTY AND STAFF RECEIVE AND ARE REQUIRED TO SIGN A FORM ACKNOWLEDGING RECEIPT OF THE HANDBOOK ON AN ANNUAL BASIS. THE BOARD CHAIR OR EXECUTIVE COMMITTEE WOULD ADDRESS ANY POTENTIAL CONFLICTS WHICH MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES. THE BOARD RELIES UPON COMPARABILITY DATA INCLUDING STATISTICAL COMPENSATION DATA FROM THE NAIS WEBSITE FOR SCHOOLS IN THE SOUTHEAST WITH GREATER THAN 700 STUDENTS ENROLLED. THE BOARD OF TRUSTEES DOCUMENTS THE BASIS FOR ITS DETERMINATION IN MEETING MINUTES CONCURRENTLY WITH MAKING ITS DETERMINATION. WHEN DETERMINING COMPENSATION FOR OFFICERS, THE HEAD OF SCHOOL RELIES UPON COMPARABILITY DATA INCLUDING STATISTICAL COMPENSATION DATA FROM THE NAIS WEBSITE FOR SCHOOLS IN THE SOUTHEAST WITH GREATER THAN 700 STUDENTS ENROLLED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER TRUST -5,965.