Civic Intelligence

Pinewoods Educational Foundation

EIN 27-4085481 • 501(c)3 • Browns Summit, NC

Profile

To promote the academic growth, development and success of students through the provision of student housing in accordance with renssaelaer polytechnic institute educational initiatives and through awarding scholarships and grants to students and faculty.

6323 Cape Wedgewood CircleBrowns Summit, NC 27214

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.39x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

149.04x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-4.6%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Up

$3,079,420

Up $568,191 (+23%) from 2023

Liabilities

Down

$23,497

Down $48,671 (-67%) from 2023

Net Assets

Up

$3,055,923

Up $616,862 (+25%) from 2023

Revenue

Up

$626,260

Up $105,581 (+20%) from 2023

Expenses

Up

$9,398

Up $6,441 (+218%) from 2023

Net Income

Up

$616,862

Up $99,140 (+19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $3,551,689Liabilities 2014: $2,001,621Net Assets 2014: $1,550,0682014Assets 2015: $3,612,178Liabilities 2015: $1,948,545Net Assets 2015: $1,663,6332015Assets 2016: $3,639,768Liabilities 2016: $1,892,289Net Assets 2016: $1,747,4792016Assets 2017: $3,439,034Liabilities 2017: $1,612,014Net Assets 2017: $1,827,0202017Assets 2018: $3,462,891Liabilities 2018: $1,556,041Net Assets 2018: $1,906,8502018Assets 2019: $3,472,434Liabilities 2019: $1,495,540Net Assets 2019: $1,976,8942019Assets 2020: $3,450,336Liabilities 2020: $1,433,361Net Assets 2020: $2,016,9752020Assets 2021: $3,236,393Liabilities 2021: $1,351,035Net Assets 2021: $1,885,3582021Assets 2022: $3,087,159Liabilities 2022: $1,197,275Net Assets 2022: $1,889,8842022Assets 2023: $2,511,229Liabilities 2023: $72,168Net Assets 2023: $2,439,0612023Assets 2024: $3,079,420Liabilities 2024: $23,497Net Assets 2024: $3,055,9232024

Highlighted filing

2024

Assets$3,079,420
Liabilities$23,497
Net Assets$3,055,923

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2014: $241,740Expenses 2014: $22,964Net Income 2014: $218,7762014Revenue 2015: $130,538Expenses 2015: $17,849Net Income 2015: $112,6892015Revenue 2016: $134,416Expenses 2016: $17,030Net Income 2016: $117,3862016Revenue 2017: $88,879Expenses 2017: $10,466Net Income 2017: $78,4132017Revenue 2018: $94,374Expenses 2018: $14,544Net Income 2018: $79,8302018Revenue 2019: $85,429Expenses 2019: $15,385Net Income 2019: $70,0442019Revenue 2020: $50,619Expenses 2020: $10,538Net Income 2020: $40,0812020Revenue 2021: -$129,986Expenses 2021: $1,631Net Income 2021: -$131,6172021Revenue 2022: $8,033Expenses 2022: $3,507Net Income 2022: $4,5262022Revenue 2023: $520,679Expenses 2023: $2,957Net Income 2023: $517,7222023Revenue 2024: $626,260Expenses 2024: $9,398Net Income 2024: $616,8622024

Highlighted filing

2024

Revenue$626,260
Expenses$9,398
Net Income$616,862

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$873,584
Mission and Program Overview

Mission

To promote the academic growth, development and success of students through the provision of student housing in accordance with renssaelaer polytechnic institute educational initiatives and through awarding scholarships and grants to students and faculty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,152,840$2,066,498▼ $86,342
Cash and Non-Interest-Bearing Accounts$204,127$547,098▲ $342,971
Investments in Publicly Traded Securities$154,262$465,823▲ $311,561
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,511,229$3,079,420▲ $568,191
Other Assets Total-$1-
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,774--
Accounts Payable and Accrued Expenses$34,393$23,497▼ $10,896
Other Liabilities$1--
Total Liabilities$72,168$23,497▼ $48,671
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,993,780$2,271,974▲ $278,194
Net Assets With Donor Restrictions$445,281$783,949▲ $338,668
Total Net Assets Fund Balance$2,439,061$3,055,923▲ $616,862
Total Liabilities and Net Assets / Fund Balance$2,511,229$3,079,420▲ $568,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,859,497$1,130,445$2,989,942
Other Land Buildings$118,344$163,724$282,068
Leasehold Improvements$78,733$35,268$114,001
Equipment$8,324$12,970$21,294
Land$1,600-$1,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
James ManocchiPresident & CEO
JAMES O'BRIENBoard Member
Justin LiteBoard Member
Chris HigleySecretary
Dan HudsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$553,513
Program Service Revenue
$0
Investment Income
$13,496
Other Revenue
$59,251
All Other Contributions
$553,513
Change in Net Assets
$616,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,500
Other Expenses$1,702
Professional Fundraising Fees$196
Total Fundraising Expense$196
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$7,500--$7,500
Fees for Services Accounting-$1,535-$1,535
Fees for Services Professional Fundraising--$196$196
Other Expenses-$167-$167
Total Functional Expenses$7,500$1,702$196$9,398
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$196
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990, 990-t, state filings and all schedules are reviewed by the treasurer before submission.

Form 990, Part VI, Section B, Line 12C

Board members are required to annually confirm in writing that they have no conflicts.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are made available as requested.

Filing and Contact Details

Filer

Filer Name
Pinewoods Educational Foundation
EIN
27-4085481
Phone
9192447275
Address
6323 CAPE WEDGEWOOD CIRCLE, BROWNS SUMMIT, NC 27214

Signing Officer

Name
Dan Hudson
Title
Treasurer
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
0

Preparer

Firm
Gabriele Bottini & Associates Llp
Address
43 BRITISH AMERICAN BLVD, LATHAM, NY 12110
Preparer
John P Gabriele
Phone
5184595280
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0953791
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt075694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07154
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011496
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010762
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt024909
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0130015
IRS990ScheduleA/InvestmentIncomeCYPct00.05280
IRS990ScheduleA/InvestmentIncomePYPct00.04240
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05730
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt035084
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt031571
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt019747
IRS990ScheduleA/OtherIncome509Grp/TotalAmt092132
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt07500
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt03802
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt01700
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt08392
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt021394
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90980
IRS990ScheduleA/PublicSupportPY509Pct00.90030
IRS990ScheduleA/PublicSupportTotal509Amt02240951
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0852588
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0757003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0230788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111241
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0289331
IRS990ScheduleA/Total509Grp/TotalAmt02240951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0928282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0769887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0277368
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0153574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0333987
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02463098
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01859497
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01130445
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02989942
IRS990ScheduleD/EquipmentGrp/BookValueAmt08324
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012970
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021294
IRS990ScheduleD/LandGrp/BookValueAmt01600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078733
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035268
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0118344
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0163724
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0282068
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02066498
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDED FUNDING DIRECTLY TO VENDORS FOR THE CONSTRUCTION GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990, 990-T, STATE FILINGS AND ALL SCHEDULES ARE REVIEWED BY THE TREASURER BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO ANNUALLY CONFIRM IN WRITING THAT THEY HAVE NO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02511229
IRS990/TotalAssetsEOYAmt03079420
IRS990/TotalAssetsGrp/BOYAmt02511229
IRS990/TotalAssetsGrp/EOYAmt03079420
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0553513
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0196
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01702
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07500
IRS990/TotalFunctionalExpensesGrp/TotalAmt09398
IRS990/TotalGrossUBIAmt080
IRS990/TotalLiabilitiesBOYAmt072168
IRS990/TotalLiabilitiesEOYAmt023497
IRS990/TotalLiabilitiesGrp/BOYAmt072168
IRS990/TotalLiabilitiesGrp/EOYAmt023497
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02439061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03055923
IRS990/TotalProgramServiceExpensesAmt07500
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt072667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0626260
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt080
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02511229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03079420
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06323 CAPE WEDGEWOOD CIRCLE
IRS990/USAddress/CityNm0BROWNS SUMMIT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027214
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN HUDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer

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