2019-04-24T10:01:31-05:00 2018-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2017-07-01 580706812 PACE ACADEMY INC % AJ LASHLEY PACE 4042621345 966 WEST PACES FERRY ROAD NW ATLANTA GA 303272648 FREDERICK G ASSAF CEO/HEAD OF SCHOOL 4042621345 2019-05-15 true MARC AZAR P91739349 4048746244 2019-05-15 50.227.246.66 67983820191145000001 2019-04-24 P 4532E31B02A3ED78BBB2442C8F954E8C0635C33D 4DA45D1CA0EF717CA46A1B531AFFB246A857A9ED 2017 2020-01-14 16:20:31Z FREDERICK G ASSAF 966 WEST PACES FERRY ROAD NW ATLANTA GA 303272648 37883817 false X WWW.PACEACADEMY.ORG X 1958 GA PACE ACADEMY IS A PRE-FIRST THROUGH 12TH GRADE COLLEGE PREPARATORY INDEPENDENT SCHOOL IN ATLANTA, GEORGIA. 21 21 446 1100 1097 3348637 5313589 29472879 31075808 3207247 935161 87325 115669 36116088 37440227 2149891 2276921 0 0 19224605 20235683 0 0 1164724 11437782 11470636 32812278 33983240 3303810 3456987 143494442 148605048 20888202 21300412 122606240 127304636 X OUR MISSION IS TO CREATE PREPARED, CONFIDENT CITIZENS OF THE WORLD WHO HONOR THE VALUES AND LEGACY OF PACE ACADEMY. false false 22368745 2174797 29056200 INSTRUCTION - PACE ACADEMY WAS ESTABLISHED IN 1958 AS AN INDEPENDENT COLLEGE PREPARATORY COEDUCATIONAL DAY SCHOOL. THE ENROLLMENT IS 1,105 STUDENTS IN PRE-FIRST THROUGH 12TH GRADES. Pace strives to create an innovative learning environment through collaboration, challenging curriculum, outstanding teaching and co-curricular offerings. It means we require students to plug in to the world around them, push beyond their comfort zones and accomplish things they never thought possible. Pace starts small to make these big things happen by focusing on the individual student, maintaining small class sizes, emphasizing meaningful student-teacher relationships and fostering an inclusive, nurturing community. 3502608 65733 448123 STUDENT ACTIVITIES - PACE ACADEMY OFFERS A VARIETY OF STUDENT ACTIVITIES INCLUDING ARTS, DEBATE AND ATHLETICS. OVER 30 YEARS THE PACE DEBATE PROGRAM HAS GROWN INTO A NATIONALLY RECOGNIZED PROGRAM WITH A LONG-STANDING HISTORY OF EXCELLENCE. THE PACE ARTS PROGRAM OFFERS A UNIQUE VARIETY OF PERFORMING AND VISUAL ARTS FOR STUDENTS TO PARTICIPATE IN, AND BOASTS A WORLD CLASS FINE ARTS CENTER. 85% OF UPPER SCHOOL STUDENTS PARTICIPATE IN THE ARTS. UPPER SCHOOL STUDENTS ARE REQUIRED TO COMPLETE SERVICE LEARNING, AND THE AVERAGE GRADUATING SENIOR HAS 90 HOURS OF COMMUNITY SERVICE. THE PACE ATHLETICS PROGRAM CONSISTENTLY PRODUCES CHAMPIONSHIP TEAMS AND ATHLETES, AND APPROXIMATELY 87% OF MIDDLE AND UPPER SCHOOL STUDENTS PLAY ON AT LEAST ONE TEAM. 1316449 17836 654884 ISDELL CENTER FOR GLOBAL LEADERSHIP - THE ISDELL CENTER FOR GLOBAL LEADERSHIP (ICGL), IS A COLLABORATIVE, CROSS-DIVISIONAL PROGRAM THAT SUPPORTS A WELL-ROUNDED GLOBAL EDUCATION FOR EVERY PACE STUDENT. THE ICGL TAKES THE BUILDING BLOCKS OF THE FIVE-COURSE CURRICULUM AND GIVES STUDENTS IN THE LOWER, MIDDLE AND UPPER SCHOOLS THE OPPORTUNITY TO APPLY THEIR KNOWLEDGE IN WAYS THAT ENABLE THEM TO BECOME ETHICAL, EMPATHETIC, INNOVATIVE, CULTURALLY COMPETENT AND ADAPTABLE CITIZENS OF THE WORLD. FROM THE TIME A STUDENT ENTERS PACE'S DOORS UNTIL GRADUATION, ALL EDUCATIONAL EXPERIENCES ARE VIEWED THROUGH AN OVERARCHING GLOBAL LENS. THE ICGL FOSTERS THIS CULTURE OF GLOBAL LEARNING AND LEADERSHIP BY EXPLORING AN ANNUAL, SCHOOL-WIDE GLOBAL THEME. CURRICULAR, CO-CURRICULAR AND HANDS-ON ACTIVITIES, A SCHOLAR-IN-RESIDENCE PROGRAM, LEADERSHIP FELLOWSHIPS, INTERNSHIPS AND STUDY TOURS SUPPORT EDUCATION AROUND THESE THEMES. THE ICGL STUDY TOURS CONSIST OF APPROXIMATELY 15 TRIPS PER YEAR, AND APPROXIMATELY 200 STUDENTS TRAVEL TO COUNTRIES THROUGHOUT THE WORLD, INCLUDING NORTH AMERICA, SOUTH AMERICA, EUROPE, AFRICA, ASIA AND AUSTRALIA. 1583387 916601 Other programs 1583387 916601 28771189 true true false false false false false false false true true false false false true true true false true false true false false false true false false true true true false false false false false false false false true false false false true true false false false true 121 0 true 446 true true true false false false false true true false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false GA X AJ LASHLEY 4042621345 966 WEST PACES FERRY ROAD NW ATLANTA GA 303272648 X Thomas A Bethel Trustee 1.0 0.0 X 0 0 0 Dr Charles L Brown III Trustee 1.0 0.0 X 0 0 0 Bruce Carroll Trustee 1.0 0.0 X 0 0 0 Daniel J Ferry Trustee 1.0 0.0 X 0 0 0 Reid T Funston Trustee 1.0 0.0 X 0 0 0 Charles B Hastie Trustee 1.0 0.0 X 0 0 0 Chris Johnson Trustee 1.0 0.0 X 0 0 0 Gregory C Kelly Trustee 1.0 0.0 X 0 0 0 Cara Isdell Lee Trustee 1.0 0.0 X 0 0 0 Wenke Lee Trustee 1.0 0.0 X 0 0 0 Jessica Levenson Trustee 1.0 0.0 X 0 0 0 Mark E Luetters Trustee 1.0 0.0 X 0 0 0 Joseph L Mathias IV Trustee 1.0 0.0 X 0 0 0 Beatriz R Perez Trustee 1.0 0.0 X 0 0 0 Elizabeth A Price Trustee 1.0 0.0 X 0 0 0 Elizabeth Correll Richards Trustee 1.0 0.0 X 0 0 0 Bill Selmon Trustee 1.0 0.0 X 0 0 0 Rebecca S Shepherd Trustee 1.0 0.0 X 0 0 0 Jeffrey S Sloan Trustee 1.0 0.0 X 0 0 0 Natasha Swann Trustee 1.0 0.0 X 0 0 0 Richard Woodruff Trustee 1.0 0.0 X 0 0 0 Frederick G Assaf Head of School 40.0 0.0 X 628384 0 130985 AJ Lashley CFO 40.0 0.0 X 155647 0 17921 Michael Gannon Head of Upper School 40.0 0.0 X 176808 0 31044 Heather L White Director of Advancement 40.0 0.0 X 148277 0 31250 Troy Baker Athletic Director 40.0 0.0 X 132367 0 39065 John Gavin Bradley Director of College Counseling 40.0 0.0 X 136601 0 42395 Tricia Anderson Director of ICGL/Global Progra 40.0 0.0 X 125000 0 32625 1503084 0 325285 18 false true false SAGE DINING SERVICES INC 1402 York Road Suite 100 LUTHERVILLE MD 21093 FOOD SERVICES 1153957 Cleanstar National Inc 1690-B Enterprise Way MARIETTA GA 30067 Housekeeping 485758 Precision Turf 3276 Buford Drive Suite 104 351 BUFORD GA 30519 Field maintenance 348275 Fieldturf USA 7445 COTE-DE-LIESSE RD SUITE 200 MONTREAL QC CA Filed maintenance 187265 Thompson Ventylett Stainback As 1230 Peachtree street NE ATLANTA GA 30309 architect 137657 6 X 190828 103555 450142 4569064 90257 5313589 TUITION AND FEES 611710 29056200 29056200 AUXILIARY 611710 801350 801350 OTHER REVENUE 611710 1218258 1218258 31075808 697164 697164 0 0 86597 25079 61518 0 61518 1097 60421 280142 157364 100870 98639 179272 58725 237997 58725 179272 68617 103555 66392 2225 2225 0 0 0 204536 152610 51926 51926 0 37440227 31134533 1097 991008 18555 18555 2258366 2258366 0 0 969951 194868 580215 194868 0 15306609 13196259 1530136 580214 855779 653045 179299 23435 1964221 1747174 140612 76435 1139123 831502 272770 34851 0 57383 57383 53805 53805 0 0 93000 93000 64237 64237 93811 80143 10479 3189 718602 442207 225387 51008 84328 69717 12242 2369 0 2282440 2094534 179523 8383 920634 920634 0 256706 207244 39161 10301 3615 3365 238 12 0 3139577 2942739 186217 10621 199876 15527 184349 STUDENT ACTIVITIES 1148907 1148907 FOOD SERVICE 891417 872271 14681 4465 INSTRUCTIONAL SUPPLIES 357620 357620 EVENTS 335066 112814 110637 111615 769612 603698 112956 52958 33983240 28771189 4047327 1164724 X 500 500 33935304 36780674 2188101 1916000 4767731 3921144 0 0 0 0 0 0 43535 58646 1914263 1876344 101800876 30913424 72752746 70887452 20418552 27359590 7473710 5804698 0 0 0 0 0 0 143494442 148605048 2828588 2885683 0 0 17894117 18223997 0 0 0 0 0 0 0 0 50000 50000 115497 140732 20888202 21300412 X 109053529 112526482 5510289 6712239 8042422 8065915 122606240 127304636 143494442 148605048 X 3456987 1389425 -148023 7 X false true X true false X 7633353 6221618 3663694 3348637 5313589 26180891 0 0 7633353 6221618 3663694 3348637 5313589 26180891 1874945 24305946 1016198 1077112 937772 580763 757599 4369444 2695 1097 3792 0 30554127 143159399 0.79551 0.83302 X 33272059 90093 2139585 280142 92697 35128898 31575264 191769 1822016 249040 67950 33272059 50682969 382332 -183248 19230789 76000 31575264 48758002 1608852 582127 184012 82000 50682969 64542033 1619221 4761922 22086174 79000 48758002 0.70470 0.22960 0.06570 false false 7787065 7787065 86506930 27421508 59085421 0 0 0 6940572 3353936 3586636 566312 137981 428330 70887452 0 AGENCY ACCOUNTS 140732 140732 X 36631106 1389425 -148023 1241402 35389704 93000 1957523 2050523 37440227 31932717 31932717 93000 1957523 2050523 33983240 PART V, LINE 4 ENDOWMENTS CONSISTS OF 31 DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR VARIOUS PURPOSES INCLUDING FINANCIAL AID, FACULTY DEVELOPMENT AND SPECIFIC PROGRAMS AND ACTIVITIES OF PACE. THE ENDOWMENT ALSO INCLUDES BOARD DESIGNATED ENDOWMENT FUNDS FOR VARIOUS PURPOSES SUCH AS LONG-TERM INVESTMENT AND PROVISION FOR PLANT REPLACEMENT, RENEWAL AND SPECIAL MAINTENANCE. PART X, LINE 2 Pace was incorporated in 1958 as a Georgia not-for-profit corporation, and is exempt from Federal income tax under the provisions of Section 501(a) of the Internal Revenue Code (the "Code"), as an organization described in Section 501(c)(3) of the Code of 1986, as amended. Accordingly, Pace is exempt from federal income taxes except for any unrelated business income which is subject to unrelated business income tax. Pace annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions Pace takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, Pace is subject to examination by the federal and state taxing authorities. In general, Pace is no longer subject to tax examinations for tax years ending before June 30, 2015. During December 2017, the President of the United States of America signed into law the Tax Cuts and Jobs Act. Under this act, maximum corporate tax rates were reduced from a maximum rate of 35% to a flat rate of 21%. Pace's tax liability for any potential unrelated business income tax should not be significant. There are other changes to the tax law that may affect Pace, but the magnitude of such changes has not been determined. PART XI, LINE 4B $ 2,174,797 FINANCIAL AID DEDUCTED FROM REVENUE ON FINANCIAL STATEMENTS 26,807 CAPITAL CAMPAIGN COSTS (152,610) COST OF SALES OF CAMPUS STORE AND SNACK BAR (66,392) FUNDRAISING EVENT DIRECT EXPENSES (25,079) RENTAL EXPENSES ------------ $ 1,957,523 NET ADJUSTMENT PART XII, LINE 4B $ 2,174,797 FINANCIAL AID DEDUCTED FROM REVENUE ON FINANCIAL STATEMENTS 26,807 CAPITAL CAMPAIGN COSTS (152,610) COST OF SALES OF CAMPUS STORE AND SNACK BAR (66,392) FUNDRAISING EVENT DIRECT EXPENSES (25,079) RENTAL EXPENSES ------------ $ 1,957,523 NET ADJUSTMENT true true true true true true true false false false false false false false false false false true PART I, LINE 3 STUDENT APPLICATIONS AND STUDENT HANDBOOK AS WELL AS EMPLOYEE COMMUNICATIONS CONTAIN INFORMATION RELATED TO THE SCHOOL'S NONDISCRIMINATORY POLICIES. IN ADDITION, THE POLICY IS ON THE SCHOOL'S WEBSITE. Europe (Including Iceland and Greenland) Program Services GLOBAL STUDY TOUR 223671 East Asia and the Pacific Program Services Global Study Tour 248557 South America Program Services Global Study Tour 79598 Central America and the Caribbean Program Services Global Study Tour 138409 Sub-Saharan Africa Program Services Global Study Tour 82344 North America Program Services Global Study Tour 49000 South Asia Program Services Global Study Tour 37391 858970 858970 false false false false false false PART I, LINE 3, COL (F) EXPENDITURES INCLUDE ACTUAL COSTS OF PROVIDING TRAVEL AND RELATED COSTS. Pace Race 56310 36967 19343 11373 3657 2654 2115 16281 Knight Cap 72284 38265 34019 2679 7239 10241 7769 1 43578 28323 15255 1294 1090 172172 103555 68617 14052 12190 12895 2115 25140 66392 2225 true Habitat for Humanity International 270 peachtree street ste 1300 Atlanta GA 30303 911914868 501(C)(3) 13555 FMV Program Support 1 Needs based assistance 136 2157047 FMV See stmt Needs based assistance - fees 91 83569 FMV See stmt Merit awards 28 17750 fmv see stmt PART I, LINE 2 ALL STUDENTS AND APPLICANTS ARE ELIGIBLE TO APPLY FOR FINANCIAL ASSISTaNCE. A SEPARATE APPLICATION IS REQUIRED, AND STUDENTS MUST REAPPLY EACH SCHOOL YEAR. FINANCIAL ASSISTANCE IS AWARDED TO QUALIFYING STUDENTS IN PRE-FIRST THROUGH 12TH GRADE. DEMONSTRATED NEED IS CALCULATED BY PACE AND STUDENT SERVICE FOR FINANCIAL AID (SSS), AN IMPARTIAL SERVICE IN PRINCETON, NJ. ONCE SSS MAKES ITS DETERMINATION, PACE MAKES EVERY EFFORT TO MEET A FAMILY'S TOTAL DEMONSTRATED NEED, BUT IS NOT ALLOWED BY THE GEORGIA HIGH SCHOOL ASSOCIATION (GHSA) TO EXCEED IT. PART III, LINE 1, COL (F) THE NON-CASH FINANCIAL AID IS A REDUCTION IN TUTION AND OTHER FEES TO THE STUDENT DETERMINED ON A NEED BASIS. X X X true true X X X X X false false false false false false false true false Frederick G Assaf Head of School 417198 0 0 0 211186 0 34726 0 96847 0 759957 0 0 0 AJ Lashley CFO 151376 0 4000 0 271 0 9414 0 9095 0 174156 0 0 0 Michael Gannon Head of Upper School 170037 0 6500 0 271 0 14684 0 16948 0 208440 0 0 0 Heather L White Director of Advancement 144506 0 3500 0 271 0 8016 0 23822 0 180115 0 0 0 Troy Baker Athletic Director 129361 0 0 0 3006 0 7275 0 32378 0 172020 0 0 0 John Gavin Bradley Director of College Counseling 132765 0 2500 0 1336 0 8801 0 34182 0 179584 0 0 0 Tricia Anderson Director of ICGL/Global Progra 120368 0 1500 0 3132 0 9200 0 24013 0 158213 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: The Head of School has income reported to him for the amount of tuition remission and college tuition he receives along with the corresponding amount of related income tax. HOUSING ASSISTANCE: As a condition of employment and for the conveniences of the school, the Head of School is required to reside in campus housing. Based on the facts and circumstances of the requirements of his respective role and responsibilities, it is the opinion of the School that the housing cost is non-taxable to the Head of School. Section 119 of the Internal Revenue Code is reviewed annually to determine the applicability and compliance with this section. PERSONAL SERVICES: Cleaning services and maintenance are provided for the Head of School's residence. PART I, LINE 3 The Compensation Committee (Board Chair, Board Vice-Chair, and Finance Committee Chairman) reviews salaries from other peer independent schools, reports from the National Association of Independent Schools, and other sources in developing compensation for the Head of School. Substantiation is contemporaneous between the compensation committee and the CFO to Keep on file. Part I, Line 7 NONFIXED BONUSES ARE PAID AT THE DISCRETION AND APPROVAL OF THE HEAD OF SCHOOL AND THE BOARD CHAIR. THEY ARE NOT TIED TO REVENUES. X 33 90257 AVERAGE HIGH/LOW false true true PART I, COLUMN B PART I, COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 31 THE SCHOOL HAS GIFT ACCEPTANCE AND DISPOSITION POLICIES IN PLACE THAT WERE IMPLEMENTED IN MAY 2004. IT INCLUDES A COMMITTEE CHARGED WITH COMPLYING WITH APPLICABLE LAWS AND REGULATIONS. ACCEPTANCE AUTHORITY FOR PUBLICLY TRADED SECURITIES, QUID PRO QUO CONTRIBUTIONS, MUTUAL FUND SHARES, CLOSELY HELD SECURITIES, TANGIBLE PERSONAL PROPERTY, REAL ESTATE, AND LIFE INSURANCE POLICIES ARE SPECIFICALLY IDENTIFIED FOR SPECIAL RULES. Part I, Line 32B A brokerage firm is used as a third party to sell stock contributions. PART III, LINE 4D Other program services include summer programs, campus store and snack bar, parent organizations, and Keeping Pace. Pace Summer Programs offers programming to keep Pace students and students from the community active and engaged when school is not in session. Options include summer day camps; specialty programs and workshops; athletic camps and clinics; and academic enrichment opportunities. Pace Summer Programs serves approximately 1,000 students each year. Paces Campus Store is the source for PE and dress uniforms, team gear, custom apparel and Pace spirit items, and the Snack Bar serves Pace students, faculty, staff, and campus visitors on a daily basis as well as serving as a concession stand for athletic events on campus. Pace's parent organizations include the Booster Club, Arts Alliance, and Alumni Association. These groups support the Pace students, faculty and staff through a variety of volunteer and fundraising services every year. Keeping Pace is an outreach program that provides a six week summer program for underserved youth in partner neighborhoods, and includes academic support and tutoring, leadership training, health and fitness, and recreational activities. PART VI, LINE 11B The Finance Committee of the Board of Trustees reviews the Form 990 as a committee. Once it is approved, a full and complete Government copy is furnished to all Trustees for their review and approval prior to filing with the Internal Revenue Service. PART VI, LINE 12C The Board of Trustees requires that all members complete an annual statement regarding any conflict of interest as defined within the policy statement for conflict of interest. This pledge is to uphold a duty of confidentiality and avoidance of any conflict of interest. PART VI, LINES 15A & 15B The Board of Trustees has a Compensation Committee that determines the CEO's compensation. The Compensation Committee reviews the salary information of other schools based on peer benchmarks when considering the salary of the Headmaster (CEO). The Board has final approval for all recommendations of the Compensation Committee. The Board Chair provides contemporaneous documentation to the CFO which is kept on file. The Headmaster and CFO review similar information when determining salaries for other officers and key employees. PART VI, LINE 19 Governing documents can be accessed through the website for the Secretary of State of Georgia and are readily available. The School's conflict of interest policy and latest audited financial statement are available upon request during business hours from the Business Office with appropriate consideration for time to accumulate and meet such requests. Part xi, line 9 $ 7 rounding KNIGHTS RIVERVIEW LLC 966 WEST PACES FERRY ROAD ATLANTA GA 30327 SEE PART VII GA 0 SEE PART VII PACE ACADEMY PARENTS' CLUB INC 966 WEST PACES FERRY ROAD ATLANTA GA 30327 582074448 SEE PART VII GA 501(C)(3) LINE 9 false false false true false false false false false false false false true false true false false true true false Pace Academy Parents' Club Inc C 450142 Pace Academy Parents' Club Inc L 111700 Pace Academy Parents' Club Inc N 0 Pace Academy Parents' Club Inc Q 44084 Pace Academy Parents' Club Inc R 33660 Pace Academy Parents' Club Inc R 4800 PART I, LINE 1 KNIGHTS RIVERVIEW, LLC PRIMARY ACTIVITY: ASSIST IN CARRYING OUT THE MISSION OF THE SCHOOL DIRECT CONTROLLING ENTITY: PACE ACADEMY, INC. PART II, LINE 1 PACE ACADEMY PARENTS' CLUB, INC. PRIMARY ACTIVITY: ASSIST IN CARRYING OUT THE MISSION OF THE SCHOOL