SHORECREST PREPARATORY SCHOOL INC Charity Report

Public IRS 990 nonprofit record

SHORECREST PREPARATORY SCHOOL INC

EIN 23-7412158 · Elementary & Secondary Schools (B20)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.50%of revenue went to mission work85.4% of expenses · Program services

2.25%of revenue went to fundraising2.4% of expenses

$91.90spent for every $100 of revenueRevenue covered expenses this year.

11.16%of revenue went to management and office costs12.1% of expenses

$2.75in assets for every $1 spent this yearSome assets cannot be spent right away.

8.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $443,250 for NANCY SPENCER (HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$38,979,412

Mission workProgram services$30,598,19178.50% of revenue85.4% of expenses

ManagementOffice and general costs$4,348,81311.16% of revenue12.1% of expenses

FundraisingAsking for donations$876,5862.25% of revenue2.4% of expenses

Revenue left after expensesReported annual surplus$3,155,8228.10% of revenueShown in gray on the chart

Total expenses$35,823,59091.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.4% mission · 12.1% management · 2.4% fundraisingTotal expenses: 91.90% of revenue

2023Expense mix: 86.1% mission · 11.4% management · 2.5% fundraisingTotal expenses: 89.40% of revenue

2022Expense mix: 86.8% mission · 11.2% management · 2.0% fundraisingTotal expenses: 88.55% of revenue

2021Expense mix: 86.8% mission · 11.0% management · 2.2% fundraisingTotal expenses: 90.21% of revenue

2020Expense mix: 85.8% mission · 11.4% management · 2.8% fundraisingTotal expenses: 79.85% of revenue

2019Expense mix: 84.0% mission · 12.8% management · 3.2% fundraisingTotal expenses: 89.56% of revenue

2018Expense mix: 84.7% mission · 12.1% management · 3.2% fundraisingTotal expenses: 83.77% of revenue

2017Expense mix: 74.0% mission · 23.0% management · 3.0% fundraisingTotal expenses: 92.26% of revenue

Money in and money out

Revenue$38,979,412

Expenses$35,823,590

Annual surplus $3,155,822 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$30,598,191 · 85.4% of expenses

Management and office costs$4,348,813 · 12.1% of expenses

Fundraising$876,586 · 2.4% of expenses

See all reported dollar amounts

Revenue$38,979,412

Expenses$35,823,590

Assets$98,603,748

Income$39,604,450

Contributions$3,392,203

Mission work (program services)$30,598,191

Fundraising$876,586

Management and general$4,348,813

Stocks and bonds$13,863,847

Accounting fees$87,947

Investing fees$26,207

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

NANCY SPENCERHEAD OF SCHOOL · 40 hrs/week $443,250Base $411,346 · Other $31,904

LISA WYLIECFO · 40 hrs/week $234,929Base $219,356 · Other $15,573

MICHAEL GILLISDIRECTOR OF ADVANCEMENT · 40 hrs/week $195,286Base $172,212 · Other $23,074

MARCUS HOLMESDIRECTOR OF FACILITIES · 40 hrs/week $169,791Base $153,500 · Other $16,291

ANTHONY MCCALLDIRECTOR OF ATHLETICS · 40 hrs/week $167,841Base $147,988 · Other $19,853

LISA BIANCOHEAD OF LOWER SCHOOL · 40 hrs/week $150,141Base $129,461 · Other $20,680

KRISTINE GRANTHEAD OF MIDDLE SCHOOL · 40 hrs/week $148,783Base $129,204 · Other $19,579

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

NANCY SPENCERHEAD OF SCHOOL

LISA WYLIECFO

MICHAEL GILLISDIRECTOR OF ADVANCEMENT

MARCUS HOLMESDIRECTOR OF FACILITIES

ANTHONY MCCALLDIRECTOR OF ATHLETICS

LISA BIANCOHEAD OF LOWER SCHOOL

KRISTINE GRANTHEAD OF MIDDLE SCHOOL

WILLIAM T CONROYTRUSTEE

SHERRY WILLIAMSTRUSTEE

SARAH LIND RIBEIRO EDDTRUSTEE

REBECCA ARMACOSTTRUSTEE

PAMELA H GREACENCHAIR

NATALIE GEBICKETRUSTEE

MOHIT BANSALTRUSTEE

MICHAEL SHERTRUSTEE

MATTHEW FREYVICE-CHAIR

JENINE RABINTRUSTEE

JEFF FREEDMANTRUSTEE

JASON GREENTRUSTEE

ISAAC MCKINNEY IIITRUSTEE

DAVID VETTERTRUSTEE

DARLA BROWNING-HUTTONTRUSTEE

CORY G GAFFNEYTRUSTEE

BRENT RICHARDTRUSTEE

ANDREA SILVERMANSECRETARY

ALEX LAVOIETRUSTEE

ADAM PRAWER MDTRUSTEE

ADAM BEFELER MDTREASURER

About this charity

Recognized since: January 1975
Location: 5101 FIRST STREET NORTHEAST, ST PETERSBURG, FL 33703
County: Pinellas
In care of: LISA WYLIE
Primary officer: LISA WYLIE, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailkgrant@shorecrest.org Phone(727) 522-2111

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ARMANINO ADVISORY LLC
NTEE classification: Elementary & Secondary Schools (B20)
IRS tax category: Elementary & Secondary Schools