PACE ACADEMY INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- PACE ACADEMY INC (EIN 58-0706812)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-01
- IRS object ID
- 201701219349301335
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-01T14:50:32-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITH & HOWARD PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 271 17TH STREET SUITE 1600 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30363 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580706812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PACE ACADEMY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % AJ LASHLEY | InCareOfNm |
| Business Name Control | PACE | BusinessNameControlTxt |
| Phone | 4042621345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 WEST PACES FERRY ROAD NW | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303272648 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FREDERICK G ASSAF | PersonNm |
| Person Title | CEO/HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 4042621345 | PhoneNum |
| Signature | 2017-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK ABRAMS | PreparerPersonNm |
| PTIN | P01081549 | PTIN |
| Phone | 4048746244 | PhoneNum |
| Preparation | 2017-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FREDERICK G ASSAF | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 WEST PACES FERRY ROAD NW | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303272648 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $59,068,449 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PACEACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1958 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | PACE ACADEMY IS A PRE-FIRST THROUGH 12TH GRADE COLLEGE PREPARATORY INDEPENDENT SCHOOL IN ATLANTA, GEORGIA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 438 | TotalEmployeeCnt |
| Total Volunteers | 1000 | TotalVolunteersCnt |
| Total Gross UBI | $47,944 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $46,944 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,221,618 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,663,694 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $27,045,989 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $28,325,728 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,638,180 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,514,036 | CYInvestmentIncomeAmt |
| PY Other Revenue | $181,548 | PYOtherRevenueAmt |
| CY Other Revenue | $130,944 | CYOtherRevenueAmt |
| PY Total Revenue | $35,087,335 | PYTotalRevenueAmt |
| CY Total Revenue | $33,634,402 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,477,014 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,839,356 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,720,846 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,652,702 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,040,123 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,913,050 | PYOtherExpensesAmt |
| CY Other Expenses | $10,870,788 | CYOtherExpensesAmt |
| PY Total Expenses | $30,110,910 | PYTotalExpensesAmt |
| CY Total Expenses | $31,362,846 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,976,425 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,271,556 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $160,185,185 | TotalAssetsBOYAmt |
| Total Assets EOY | $140,506,293 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $40,245,194 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,897,308 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $119,939,991 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $120,608,985 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO CREATE PREPARED, CONFIDENT CITIZENS OF THE WORLD WHO HONOR THE VALUES AND LEGACY OF PACE ACADEMY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $20,958,951 | ExpenseAmt |
| Grant | $1,768,903 | GrantAmt |
| Revenue | $26,805,790 | RevenueAmt |
| Desc | Instruction - Pace Academy was established in 1958 as an independent college preparatory coeducational day school. For the 2015 - 2016 school year Pace had an enrollment of 1,100 students in pre-first through 12th grades. The student teacher ratio was 9:1 with a class size on average of 12 students. The faculty average years of experience is 16, with an average of 9 years at Pace Academy. 85% of students taking Advanced Placement exams scored a 3 or higher and the average ACT scores of Pace students was approximately 30. The graduation class of 2016 totaled 108 students. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,079,538 | ExpenseAmt |
| Grant | $16,020 | GrantAmt |
| Revenue | $450,619 | RevenueAmt |
| Desc | Isdell Center for Global Leadership - In 2014, Pace Academy launched the Isdell Center for Global Leadership (ICGL), a collaborative, cross-divisional program that supports a well-rounded global education for every Pace graduate. 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 Paces 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. In 2015 - 2016 the ICGL study tours consisted of approximately 17 trips to countries throughout the world, including North America, South America, Europe, Asia and Australia. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,593,611 | ExpenseAmt |
| Grant | $54,433 | GrantAmt |
| Revenue | $452,117 | RevenueAmt |
| Desc | 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, and students that advance to the national debate tournaments each year. 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. Upper School students are required to complete service learning. The Pace athletics program consistently produces championship teams and athletes, and 85% of Middle and Upper School students play on at least one team. Pace holds over 60 state championships, including the 2015-2016 Class AA Football and Basketball state championships, and graduates go on to play at the college level. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,058,027 | ExpenseAmt |
| Revenue | $617,202 | RevenueAmt |
| Desc | OTHER PROGRAMS | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,058,027 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $617,202 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $26,690,127 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 113 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 438 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AJ LASHLEY | PersonNm |
| Phone | 4042621345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 WEST PACES FERRY ROAD NW | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303272648 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Robert Sheft | ||||||||
| Chairman | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Gregory C Kelly | ||||||||
| Vice Chairman | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Jeffrey S Sloan | ||||||||
| Secretary | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Thomas A Bethel | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dr Charles Brown III | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Bruce Carroll | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Daniel J Ferry | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Reid T Funston | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Bonnie B Harris | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Charles B Hastie | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| James W Howard | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Cara Isdell Lee | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Jessica Sutherland Levenson | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Mark E Luetters | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Daron G Pair | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Beatriz R Perez | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth A Price | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth Correll Richards | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Bill Selmon | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Rebecca S Shepherd | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Natasha Swann | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Richard Woodruff | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Frederick G Assaf | ||||||||
| Head of School | 40.0 | 0.0 | $679,684 | $0 | $130,306 | Yes (X) | ||
| AJ Lashley | ||||||||
| CFO | 40.0 | 0.0 | $112,785 | $0 | $13,829 | Yes (X) | ||
| John M Anderson III | ||||||||
| Head of Middle School | 40.0 | 0.0 | $128,887 | $0 | $32,032 | Yes (X) | ||
| Trish Anderson | ||||||||
| Director of ICGL | 40.0 | 0.0 | $128,804 | $0 | $21,182 | Yes (X) | ||
| John Gavin Bradley | ||||||||
| Director of College Counseling | 40.0 | 0.0 | $125,656 | $0 | $48,412 | Yes (X) | ||
| Michael Gannon | ||||||||
| Head of Upper School | 40.0 | 0.0 | $165,049 | $0 | $29,390 | Yes (X) | ||
| Kristin A Palmerton | ||||||||
| Director of Advancement | 40.0 | 0.0 | $132,990 | $0 | $8,494 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,473,855 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $283,645 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 966 WEST PACES FERRY RD NW | ATLANTA | GA | 30327 | FOOD SERVICES | $1,072,317 |
| Total Janitorial Care Services | |||||
| 4467 Newport View Ct | LILBURN | GA | 30047 | Janitorial Services | $301,383 |
| selective insurance | |||||
| Po Box 371468 | PITTSBURGH | PA | 15250 | property insurance | $199,393 |
| Automax Rent a Car | |||||
| 100 S Morningside Dr | CARTERSVILLE | GA | 30121 | Vehicle rental | $168,704 |
| MCKENNEY'S INC | |||||
| PO BOX 406340 | ATLANTA | GA | 303846340 | REPAIRS/MAINTENANCE | $127,864 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Fundraising | $44,829 | FundraisingAmt |
| Related Organizations | $436,928 | RelatedOrganizationsAmt |
| All Other Contributions | $3,181,937 | AllOtherContributionsAmt |
| Noncash Contributions | $351,904 | NoncashContributionsAmt |
| Total Contributions | $3,663,694 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $26,805,790 | $26,805,790 |
| SUMMER PROGRAM | 611710 | $462,136 | $462,136 |
| ICGL PROGRAM | 611710 | $450,619 | $450,619 |
| PARENT ORGANIZATION REVENUE | 611710 | $34,991 | $34,991 |
| OTHER PROGRAM REVENUE | 611710 | $572,192 | $572,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $28,325,728 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $885,635 | TotalRevenueColumnAmt |
| Exclusion | $885,635 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $83,086 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,071 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $55,015 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,015 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $47,944 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,071 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,842,022 | SecuritiesAmt |
| Other | $3,029,342 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,600,160 | SecuritiesAmt |
| Other | $2,642,803 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $241,862 | SecuritiesAmt |
| Other | $386,539 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $628,401 | TotalRevenueColumnAmt |
| Exclusion | $628,401 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $37,518 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $44,829 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $43,004 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$5,486 | TotalRevenueColumnAmt |
| Exclusion | -$5,486 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $201,424 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $120,009 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,415 | TotalRevenueColumnAmt |
| Exclusion | $81,415 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,634,402 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,325,728 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $47,944 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,597,036 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,839,356 | TotalAmt |
| Program Services | $1,839,356 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $939,716 | TotalAmt |
| Program Services | $202,476 | ProgramServicesAmt |
| Management And General | $534,764 | ManagementAndGeneralAmt |
| Fundraising | $202,476 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,924,495 | TotalAmt |
| Program Services | $12,229,142 | ProgramServicesAmt |
| Management And General | $1,191,577 | ManagementAndGeneralAmt |
| Fundraising | $503,776 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,200 | TotalAmt |
| Program Services | $564,918 | ProgramServicesAmt |
| Management And General | $135,633 | ManagementAndGeneralAmt |
| Fundraising | $20,649 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,043,720 | TotalAmt |
| Program Services | $1,709,128 | ProgramServicesAmt |
| Management And General | $269,025 | ManagementAndGeneralAmt |
| Fundraising | $65,567 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,023,571 | TotalAmt |
| Program Services | $755,496 | ProgramServicesAmt |
| Management And General | $235,671 | ManagementAndGeneralAmt |
| Fundraising | $32,404 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,775 | TotalAmt |
| Management And General | $22,775 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,416 | TotalAmt |
| Management And General | $45,416 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,940 | TotalAmt |
| Management And General | $75,940 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,304 | TotalAmt |
| Management And General | $56,489 | ManagementAndGeneralAmt |
| Fundraising | $815 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,514 | TotalAmt |
| Program Services | $119,690 | ProgramServicesAmt |
| Management And General | $43,486 | ManagementAndGeneralAmt |
| Fundraising | $4,338 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $585,521 | TotalAmt |
| Program Services | $336,167 | ProgramServicesAmt |
| Management And General | $210,672 | ManagementAndGeneralAmt |
| Fundraising | $38,682 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,250 | TotalAmt |
| Program Services | $234,185 | ProgramServicesAmt |
| Management And General | $39,013 | ManagementAndGeneralAmt |
| Fundraising | $7,052 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,056,104 | TotalAmt |
| Program Services | $1,893,964 | ProgramServicesAmt |
| Management And General | $156,305 | ManagementAndGeneralAmt |
| Fundraising | $5,835 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $728,166 | TotalAmt |
| Program Services | $728,166 | ProgramServicesAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,225 | TotalAmt |
| Program Services | $194,870 | ProgramServicesAmt |
| Management And General | $30,556 | ManagementAndGeneralAmt |
| Fundraising | $7,799 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,915 | TotalAmt |
| Program Services | $167,291 | ProgramServicesAmt |
| Management And General | $11,060 | ManagementAndGeneralAmt |
| Fundraising | $564 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,030,515 | TotalAmt |
| Program Services | $2,853,629 | ProgramServicesAmt |
| Management And General | $167,242 | ManagementAndGeneralAmt |
| Fundraising | $9,644 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,852 | TotalAmt |
| Program Services | $15,527 | ProgramServicesAmt |
| Management And General | $169,325 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT ACTIVITIES | $1,309,850 | $1,309,850 | ||
| FOOD SERVICE | $843,414 | $824,626 | $14,902 | $3,886 |
| INSTRUCTIONAL SUPPLIES | $291,304 | $291,304 | ||
| OTHER EXPENSES | $260,509 | $93,837 | $119,588 | $47,084 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $519,214 | TotalAmt |
| Program Services | $326,505 | ProgramServicesAmt |
| Management And General | $103,157 | ManagementAndGeneralAmt |
| Fundraising | $89,552 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,362,846 | TotalAmt |
| Program Services | $26,690,127 | ProgramServicesAmt |
| Management And General | $3,632,596 | ManagementAndGeneralAmt |
| Fundraising | $1,040,123 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,664,063 | BOYAmt |
| EOY | $23,214,241 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,145,653 | BOYAmt |
| EOY | $3,829,427 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,208,695 | BOYAmt |
| EOY | $4,470,268 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,682,308 | BOYAmt |
| EOY | $4,304,869 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,796 | BOYAmt |
| EOY | $46,658 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,626,202 | BOYAmt |
| EOY | $1,878,399 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $96,931,656 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,227,770 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,855,850 | BOYAmt |
| EOY | $71,703,886 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,431,020 | BOYAmt |
| EOY | $12,142,473 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,251,950 | BOYAmt |
| EOY | $18,916,072 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,648 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,185,185 | BOYAmt |
| EOY | $140,506,293 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,769,749 | BOYAmt |
| EOY | $2,595,277 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,702,567 | BOYAmt |
| EOY | $17,144,412 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,575,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,000 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,878 | BOYAmt |
| EOY | $107,619 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,245,194 | BOYAmt |
| EOY | $19,897,308 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,593,329 | BOYAmt |
| EOY | $106,809,088 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,776,841 | BOYAmt |
| EOY | $5,902,744 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,569,821 | BOYAmt |
| EOY | $7,897,153 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,939,991 | BOYAmt |
| EOY | $120,608,985 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,185,185 | BOYAmt |
| EOY | $140,506,293 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,271,556 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,622,212 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $19,650 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,385,244 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,222,862 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,633,353 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,221,618 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,663,694 | CurrentTaxYearAmt |
| Total | $45,126,771 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,385,244 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,222,862 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,633,353 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,221,618 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,663,694 | CurrentTaxYearAmt |
| Total | $45,126,771 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,607,225 | SubstantialContributorsTotAmt |
| Public Support Total170 | $43,519,546 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $915,301 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,230,459 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $926,543 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,023,112 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $895,879 | CurrentTaxYearAmt |
| Total | $4,991,294 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,402 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,576 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $70,747 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $54,686 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $47,944 | CurrentTaxYearAmt |
| Total | $220,355 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $50,338,420 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $131,775,422 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.86454 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86905 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $50,682,969 | BeginningYearBalanceAmt |
| Contributions | $382,332 | ContributionsAmt |
| Investment Earnings Or Losses | -$183,248 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $19,230,789 | OtherExpendituresAmt |
| Administrative Expenses | $76,000 | AdministrativeExpensesAmt |
| End Year Balance | $31,575,264 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,758,002 | BeginningYearBalanceAmt |
| Contributions | $1,608,852 | ContributionsAmt |
| Investment Earnings Or Losses | $582,127 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $184,012 | OtherExpendituresAmt |
| Administrative Expenses | $82,000 | AdministrativeExpensesAmt |
| End Year Balance | $50,682,969 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $64,542,033 | BeginningYearBalanceAmt |
| Contributions | $1,619,221 | ContributionsAmt |
| Investment Earnings Or Losses | $4,761,922 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $22,086,174 | OtherExpendituresAmt |
| Administrative Expenses | $79,000 | AdministrativeExpensesAmt |
| End Year Balance | $48,758,002 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $55,275,811 | BeginningYearBalanceAmt |
| Contributions | $9,478,000 | ContributionsAmt |
| Investment Earnings Or Losses | $2,183,138 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,321,248 | OtherExpendituresAmt |
| Administrative Expenses | $73,668 | AdministrativeExpensesAmt |
| End Year Balance | $64,542,033 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,349,816 | BeginningYearBalanceAmt |
| Contributions | $10,589,712 | ContributionsAmt |
| Investment Earnings Or Losses | $286,935 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $823,652 | OtherExpendituresAmt |
| Administrative Expenses | $127,000 | AdministrativeExpensesAmt |
| End Year Balance | $55,275,811 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.69500 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.25000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.05500 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,787,065 | OtherCostOrOtherBasisAmt |
| Book Value | $7,787,065 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $82,163,042 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,543,536 | DepreciationAmt |
| Book Value | $59,619,506 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,297,778 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,562,390 | DepreciationAmt |
| Book Value | $3,735,388 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $683,770 | OtherCostOrOtherBasisAmt |
| Depreciation | $121,843 | DepreciationAmt |
| Book Value | $561,927 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,703,886 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $5,276,258 | F |
| FIXED INCOME FUNDS | $13,639,814 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $18,916,072 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| AGENCY ACCOUNTS | $107,619 |
| INTEREST RATE SWAP | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $107,619 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $30,354,462 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,622,212 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $19,650 | OtherRevenueAmt |
| Revenue Not Reported | -$1,602,562 | RevenueNotReportedAmt |
| Revenue Subtotal | $31,957,024 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $75,940 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,601,438 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,677,378 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,634,402 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $29,685,468 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $29,685,468 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $75,940 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,601,438 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,677,378 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,362,846 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4 | ENDOWMENTS CONSIST OF 30 DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR VARIOUS PURPOSES INCLUDING SCHOLARSHIPS AND 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, PPRRSM AND GROWTH OF THE QUASI-ENDOWMENT. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. During Fiscal Year 2016, Pace drew $19,050,000 from Board Designated endowment funds and paid off the outstanding balance of its tax exempt bonds in full. |
| 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, 2013. |
| PART XI, LINE 2D | $ -41,751 INTEREST RATE SWAP 61,401 TERMINATION OF SWAP ----------- $ 19,650 NET ADJUSTMENT |
| PART XI, LINE 4B | $ 1,768,903 FINANCIAL AID DEDUCTED FROM REVENUE ON FINANCIAL STATEMENTS 18,728 CAPITAL CAMPAIGN COSTS (120,009) COST OF SALES OF CAMPUS STORE AND SNACK BAR (43,003) FUNDRAISING EVENT DIRECT EXPENSES (23,181) RENTAL EXPENSES ------------ $ 1,601,438 NET ADJUSTMENT |
| PART XII, LINE 4B | $ 1,768,903 FINANCIAL AID DEDUCTED FROM REVENUE ON FINANCIAL STATEMENTS 18,728 CAPITAL CAMPAIGN COSTS (120,009) COST OF SALES OF CAMPUS STORE AND SNACK BAR (43,003) FUNDRAISING EVENT DIRECT EXPENSES (23,181) RENTAL EXPENSES ------------ $ 1,601,438 NET ADJUSTMENT |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| Central America and the Caribbean | Program Services | GLOBAL STUDY TOUR | $158,587 |
| Europe (Including Iceland and Greenland) | Program Services | GLOBAL STUDY TOUR | $79,429 |
| Sub-Saharan Africa | Program Services | Global Study Tour | $76,802 |
| East Asia and the Pacific | Program Services | Global Study Tour | $38,663 |
| South America | Program Services | Global Study Tour | $33,805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $387,286 | SubtotalSpentAmt |
| Total Spent | $387,286 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3, COL (F) | FormAndLineReferenceDesc |
| Explanation | EXPENDITURES INCLUDE ACTUAL COSTS OF PROVIDING TRAVEL AND RELATED COSTS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Pace Race | Event1Nm |
| Gross Receipts Event1 | $41,685 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $23,009 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $18,676 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $2,837 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $7,705 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $2,971 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $3,310 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $13,302 | OtherDirectExpensesEvent1Amt |
| Event2 | Knight Cap | Event2Nm |
| Gross Receipts Event2 | $40,662 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $21,820 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $18,842 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $692 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $1,750 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $6,435 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $4,002 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $82,347 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $44,829 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $37,518 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $2,837 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $8,397 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $4,721 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $6,435 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $3,310 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $17,304 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $43,004 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$5,486 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | NEED BASED ASSISTANCE | GrantTypeTxt |
| Recipient | 122 | RecipientCnt |
| Non Cash Assistance | $1,839,356 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | SEE STMT | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, WITH PRIORITY GIVEN TO MIDDLE AND UPPER SCHOOL STUDENTS. 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. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frederick G Assaf | ||||||||||||||
| Head of School | $388,020 | $0 | $0 | $0 | $291,664 | $0 | $32,643 | $0 | $98,309 | $0 | $810,636 | $0 | $0 | $0 |
| John M Anderson III | ||||||||||||||
| Head of Middle School | $125,647 | $0 | $3,000 | $0 | $240 | $0 | $11,127 | $0 | $21,550 | $0 | $161,564 | $0 | $0 | $0 |
| John Gavin Bradley | ||||||||||||||
| Director of College Counseling | $123,418 | $0 | $2,000 | $0 | $238 | $0 | $7,883 | $0 | $41,174 | $0 | $174,713 | $0 | $0 | $0 |
| Michael Gannon | ||||||||||||||
| Head of Upper School | $159,809 | $0 | $5,000 | $0 | $240 | $0 | $13,766 | $0 | $16,268 | $0 | $195,083 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 and given by the Board Chair to the Human Resources Director to Keep on file. |
| PART I, LINE 4a | Severance payments were made to Kristin Palmerton ($66,530) and George Mengert ($49,872) during calendar year 2015 |
| 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. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTHA DOWNER-ASSAF | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY MEMBER OF OFFICER | RelationshipDescriptionTxt |
| Transaction | $29,025 | TransactionAmt |
| Transaction | SEE PART V | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, COLUMN D | FormAndLineReferenceDesc |
| Explanation | MARTHA DOWNER - ASSAF: SPOUSE OF AN OFFICER IS EMPLOYED BY THE SCHOOL | ExplanationTxt |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $25,608 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 50 | ContributionCnt |
| Noncash Contributions Rpt F990 | $313,167 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVERAGE HIGH/LOW | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp |
Other Non Cash Contri Table OtherNonCashContriTableGrp (6 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Gardening Supplies | 3 | $920 | FMV |
| Yes (X) | Knight Cap - Auction Items | 18 | $6,395 | FMV |
| Yes (X) | Misc Fine Arts | 5 | $2,449 | FMV |
| Yes (X) | Pace Race - Food & Drink | 8 | $2,030 | FMV |
| Yes (X) | Pace Race - Advertising | 1 | $500 | FMV |
| Yes (X) | Pace Race - Giveaways | 5 | $835 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 see stock contributions. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 executive compensation. The Compensation Committee reviews the salary information of other schools based on INDEX, and other surveys and benchmarks when considering the salaries of the Headmaster (CEO). The Board has final approval for all recommendations of the Compensation Committee. The Board Chair provides contemporaneous documentation to the HR Director which is kept on file. The Headmaster and HR Director review similar information when determining salaries for 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 | -41,751 INTEREST RATE SWAP VALUE CHANGE 61,401 LOSS ON TERMINATION OF SWAP -------- 19,650 OTHER CHANGES IN NET ASSETS |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KNIGHTS RIVERVIEW LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 WEST PACES FERRY ROAD | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30327 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | SEE PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE PART VII | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PACE ACADEMY PARENTS' CLUB INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 WEST PACES FERRY ROAD | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30327 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582074448 | EIN |
| Primary Activities | SEE PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 9 | PublicCharityStatusTxt |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 |