PACE ACADEMY INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PACE ACADEMY INC (EIN 58-0706812)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-08
- IRS object ID
- 201441289349300109
- Schema version
- 2012v2.1
- 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 K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-08T07:29:24-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581729751 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Metcalf Davis CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3340 Peachtree Road NE Suite 2600 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303261089 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580706812 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pace Academy Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PACE | NameControl |
| Phone | 4042621345 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 West Paces Ferry Road NW | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303272648 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frederick G Assaf | Name |
| Title | Head of School | Title |
| Phone | 4042621345 | Phone |
| Date Signed | 2014-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Arthur H Metcalf II | Name |
| PTIN | P00279386 | PTIN |
| Phone | 4042641700 | Phone |
| Date Prepared | 2014-05-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Frederick G Assaf | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 West Paces Ferry Road NW | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303272648 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 50276049 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.paceacademy.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1958 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | Pace Academy is a PF-12 college preparatory independent school in Atlanta, Georgia. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 397 | TotalNbrEmployees |
| Total Nbr Volunteers | 550 | TotalNbrVolunteers |
| Total Gross UBI | 36576 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 35576 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 15385244 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12222862 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23712117 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 25430484 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4183314 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1637408 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -6244 | OtherRevenuePriorYear |
| Other Revenue Current Year | 152733 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43274431 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39443487 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1165513 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1241414 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15313732 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16431432 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 913260 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8766965 | OtherExpensePriorYear |
| Other Expenses Current Year | 9510188 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 25246210 | TotalExpensesPriorYear |
| Total Expenses Current Year | 27183034 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 18028221 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12260453 | RevenuesLessExpensesCY |
| Total Assets BOY | 133502634 | TotalAssetsBOY |
| Total Assets EOY | 144411223 | TotalAssetsEOY |
| Total Liabilities BOY | 42070714 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 40173263 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 91431920 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 104237960 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Our mission is to create prepared, confident citizens of the world who honor the values and legacy of Pace Academy. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 18990750 | Expense |
| Grants | 1241414 | Grants |
| Revenue | 23497094 | Revenue |
| Description | Instruction- Pace Academy was established in 1958 as an independent college preparatory coeducational day school. For the 2012-2013 school year Pace had an enrollment of 1,080 students in pre-first through twelfth grades. The student teacher ratio was 9:1 with a class size on average of 15 students. Pace is recognized as a "Leading Edge School" by the National Association of Independent Schools. The faculty average years of experience is 16, with an average of nine years at Pace Academy. Eighty percent of Upper School faculty holds graduate degrees, while 16 percent hold doctorates. One hundred percent of seniors are enrolled in at least one advanced placement course, and the average SAT score of Pace students is 1300+. The class of 2013 totaled 99 students who are attending 51 different colleges and universities in the United States and Europe. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1048099 | Expense |
| Revenue | 1176679 | Revenue |
| Description | Summer Programs and Global Education - Pace Summer Programs offers multiple academic, sports and other specialty camps to Pace students and the Pace extended community. Summer Programs offers activities for all ages including Pace Camp, leadership camp, basketball and football camp, drivers education, cooking camp, art camp, chess camp, robotics camp and others. During 2012, approximately 1,000 students participated in Summer Programs, the largest of which, Pace Camp, had approximately 600 participants. Additionally, holiday camp occurs every year during the winter break and specialty programs are offered during the year including tutoring and chess.In 2012-2013 the Pace Adventures and Global Education program went on 20 trips to countries throught the world, including the US, Europe, South America and the Middle East. The Global Education program was founded in 2009 to help accomplish Pace's mission to create prepared, confident citizens of the world. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2561641 | Expense |
| Revenue | 756711 | Revenue |
| Description | Student Activities - The Pace athletics program consistently produces championship teams and athletes, and 85 percent of Middle and Upper School students play on at least one team. Pace holds more than 54 state championships, and graduates go on to play at the college and professional level. The Pace main campus and two satellite complexes include a state-of-the-art gymnasium, natatorium, indoor walking track, gymnastic and wrestling facility, basesball and softball fields, tennis courts, wellness center, athletic practice fields, multi-purpose fields for football, soccer and lacrosse, and a field house. 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. During 2012, Pace participated in the Tournament of Champions at the University of Kentucky. The Pace arts program offers a unique variety of performing and visual arts for students to particiapte in, and boasts a world class Fine Arts Center. Upper School students are required to complete service learning. During 2012, 9,000 hours of service were performed by Pace students last year. In 2012-2013 the Pace Adventures and Global Education program went on 20 trips to countries throught the world, including the US, Europe, South America and the Middle East. The Global Education program was founded in 2009 to help accomplish Pace's mission to create prepared, confident citizens of the world. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 22600490 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 95 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 397 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jean W Held | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4042621345 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 West Paces Ferry Road | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30327 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Timothy J Walsh | ||||||||
| Chairman of Board | 5.00 | X | 0 | 0 | 0 | |||
| Laurie Ann Goldman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William G Thurman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sybil C Hadley | ||||||||
| Secretary of the Board | 3.00 | X | 0 | 0 | 0 | |||
| James W Howard Jr | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Alexander J Johnson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William M Lellyett | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John S Inman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jeff Seabright | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Robert Sheft | ||||||||
| Vice Chairman of the Board | 1.00 | X | 0 | 0 | 0 | |||
| Bonnie P Harris | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Elizabeth Correll Richards | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William D Smith Jr | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sally L Williamson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Thomas A Bethel | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Randall E Quintrell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jeffrey S Sloan | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Charles L Brown III | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Gregory C Kelly | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mark E Luetters | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Daron G Pair | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Rebecca S Shepherd | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Elizabeth A Price | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Frederick G Assaf | ||||||||
| Head of School | 40.00 | 521149 | 0 | 129298 | X | |||
| Jean Held | ||||||||
| Chief Financial Officer | 40.00 | 138333 | 0 | 17464 | X | |||
| Matthew Wawro | ||||||||
| Director of Advancement | 40.00 | 161698 | 0 | 18172 | X | |||
| Kristin Palmerton | ||||||||
| Athletic Director | 40.00 | 126106 | 0 | 44289 | X | |||
| Anna Valerius | ||||||||
| Head of Lower School | 40.00 | 123128 | 0 | 17007 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1070414 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 226230 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| New South Construction Company Inc | |||||
| PO Box 77616 | Atlanta | GA | 30357 | Construction contractor | 1696350 |
| Sage Dining Services Inc | |||||
| 1402 York Road Suite 100 | Lutherville | MD | 21093 | Food service | 894980 |
| Collins Cooper Carusi Architects Inc | |||||
| 3391 Peachtree Rd NW Suite 400 | Atlanta | GA | 30326 | Architectual services | 472291 |
| Mobile Modular Management Corp | |||||
| PO Box 45043 | San Francisco | CA | 94145 | Modular construction | 277977 |
| WR Cleaning Services Inc | |||||
| 1405 Flattail Run | Lawrenceville | GA | 30043 | Janitorial | 233234 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Fundraising Events | 69323 | FundraisingEvents |
| Related Organizations | 175000 | RelatedOrganizations |
| All Other Contributions | 11978539 | AllOtherContributions |
| Noncash Contributions | 992873 | NoncashContributions |
| Total Contributions | 12222862 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 611710 | 23497094 | 23497094 |
| Summer Program | 611710 | 1176679 | 1176679 |
| Parent organization | 611710 | 509569 | 509569 |
| Other | 611710 | 247142 | 247142 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 25430484 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1209719 | TotalRevenueColumn |
| Unrelated Business Revenue | 1815 | UnrelatedBusinessRevenue |
| Exclusion | $1,207,904 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 30740 | Real |
| Personal | 36244 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 10000 | Real |
| Personal | 1483 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20740 | Real |
| Personal | 34761 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55501 | TotalRevenueColumn |
| Unrelated Business Revenue | 34761 | UnrelatedBusinessRevenue |
| Exclusion | $20,740 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11096552 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10373276 | Securities |
| Other | 295587 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 723276 | Securities |
| Other | -295587 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 427689 | TotalRevenueColumn |
| Exclusion | $427,689 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 44095 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 69323 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 39928 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4167 | TotalRevenueColumn |
| Exclusion | $4,167 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 205353 | GrossSalesOfInventory |
| Cost Of Goods Sold | 112288 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93065 | TotalRevenueColumn |
| Exclusion | $93,065 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39443487 | TotalRevenueColumn |
| Related Or Exempt Function Income | 25430484 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 36576 | UnrelatedBusinessRevenue |
| Exclusion | $1,753,565 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1241414 | Total |
| Program Services | 1241414 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1346623 | Total |
| Program Services | 276802 | ProgramServices |
| Management And General | 678295 | ManagementAndGeneral |
| Fundraising | 391526 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11991815 | Total |
| Program Services | 10668710 | ProgramServices |
| Management And General | 1136488 | ManagementAndGeneral |
| Fundraising | 186617 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 719976 | Total |
| Program Services | 658169 | ProgramServices |
| Management And General | 60078 | ManagementAndGeneral |
| Fundraising | 1729 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1474562 | Total |
| Program Services | 1098277 | ProgramServices |
| Management And General | 342056 | ManagementAndGeneral |
| Fundraising | 34229 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 898456 | Total |
| Program Services | 755264 | ProgramServices |
| Management And General | 110244 | ManagementAndGeneral |
| Fundraising | 32948 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48961 | Total |
| Management And General | 48961 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38500 | Total |
| Management And General | 38500 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73668 | Total |
| Management And General | 73668 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52672 | Total |
| Management And General | 31444 | ManagementAndGeneral |
| Fundraising | 21228 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333136 | Total |
| Program Services | 68391 | ProgramServices |
| Management And General | 210466 | ManagementAndGeneral |
| Fundraising | 54279 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1750611 | Total |
| Program Services | 1545283 | ProgramServices |
| Management And General | 187864 | ManagementAndGeneral |
| Fundraising | 17464 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 279877 | Total |
| Program Services | 240585 | ProgramServices |
| Management And General | 30766 | ManagementAndGeneral |
| Fundraising | 8526 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 183492 | Total |
| Program Services | 178991 | ProgramServices |
| Management And General | 4282 | ManagementAndGeneral |
| Fundraising | 219 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98472 | Total |
| Program Services | 78917 | ProgramServices |
| Management And General | 17620 | ManagementAndGeneral |
| Fundraising | 1935 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 361172 | Total |
| Program Services | 335664 | ProgramServices |
| Management And General | 24266 | ManagementAndGeneral |
| Fundraising | 1242 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1948375 | Total |
| Program Services | 1810761 | ProgramServices |
| Management And General | 130911 | ManagementAndGeneral |
| Fundraising | 6703 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147519 | Total |
| Program Services | 13915 | ProgramServices |
| Management And General | 133604 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Student Activities | 1446185 | 1419184 | 27001 | 0 |
| Transition and Capital | 1124710 | 991323 | 133387 | |
| Dining | 722081 | 706893 | 11391 | 3797 |
| Library, textbooks, and | 344223 | 344223 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 556534 | Total |
| Program Services | 167724 | ProgramServices |
| Management And General | 371379 | ManagementAndGeneral |
| Fundraising | 17431 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27183034 | Total |
| Program Services | 22600490 | ProgramServices |
| Management And General | 3669284 | ManagementAndGeneral |
| Fundraising | 913260 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16470347 | BOY |
| EOY | 20931461 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7072339 | BOY |
| EOY | 8818114 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13202849 | BOY |
| EOY | 15751890 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4080596 | BOY |
| EOY | 3957139 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85248 | BOY |
| EOY | 36681 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1251748 | BOY |
| EOY | 1299422 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 73074531 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20650911 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51110080 | BOY |
| EOY | 52423620 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10597432 | BOY |
| EOY | 16159759 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29108814 | BOY |
| EOY | 24554545 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 523181 | BOY |
| EOY | 478592 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133502634 | BOY |
| EOY | 144411223 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2339324 | BOY |
| EOY | 2910498 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14339860 | BOY |
| EOY | 14931468 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23400000 | BOY |
| EOY | 22100000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
| EOY | 50000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1941530 | BOY |
| EOY | 181297 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42070714 | BOY |
| EOY | 40173263 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70486038 | BOY |
| EOY | 75838097 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16503501 | BOY |
| EOY | 23944115 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4442381 | BOY |
| EOY | 4455748 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91431920 | BOY |
| EOY | 104237960 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133502634 | BOY |
| EOY | 144411223 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 12260453 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 335349 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 210238 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55275811 | BeginningOfYearBalance |
| Contributions | 9478000 | Contributions |
| Investment Earnings Or Losses | 2183138 | InvestmentEarningsOrLosses |
| Other Expenditures | 2321248 | OtherExpenditures |
| Administrative Expenses | 73668 | AdministrativeExpenses |
| End Of Year Balance | 64542033 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 45349816 | BeginningOfYearBalance |
| Contributions | 10589712 | Contributions |
| Investment Earnings Or Losses | 286935 | InvestmentEarningsOrLosses |
| Other Expenditures | 823652 | OtherExpenditures |
| Administrative Expenses | 127000 | AdministrativeExpenses |
| End Of Year Balance | 55275811 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 41234145 | BeginningOfYearBalance |
| Contributions | 1055189 | Contributions |
| Investment Earnings Or Losses | 3459720 | InvestmentEarningsOrLosses |
| Other Expenditures | 266302 | OtherExpenditures |
| Administrative Expenses | 132936 | AdministrativeExpenses |
| End Of Year Balance | 45349816 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38323036 | BeginningOfYearBalance |
| Contributions | 1636939 | Contributions |
| Investment Earnings Or Losses | 3606270 | InvestmentEarningsOrLosses |
| Other Expenditures | 2332100 | OtherExpenditures |
| End Of Year Balance | 41234145 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 42558262 | BeginningOfYearBalance |
| Contributions | 4366611 | Contributions |
| Investment Earnings Or Losses | -6042232 | InvestmentEarningsOrLosses |
| Other Expenditures | 2559605 | OtherExpenditures |
| End Of Year Balance | 38323036 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.55900 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.06900 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.37200 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8585038 | OtherCostOrOtherBasis |
| Book Value | 8585038 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 51520603 | OtherCostOrOtherBasis |
| Depreciation | 16067686 | Depreciation |
| Book Value | 35452917 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5850662 | OtherCostOrOtherBasis |
| Depreciation | 1824641 | Depreciation |
| Book Value | 4026021 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3504253 | OtherCostOrOtherBasis |
| Depreciation | 2660945 | Depreciation |
| Book Value | 843308 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3613975 | OtherCostOrOtherBasis |
| Depreciation | 97639 | Depreciation |
| Book Value | 3516336 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 52423620 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Alternative investments | 4877603 | F |
| Fixed income funds | 19676942 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 24554545 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Agency accounts | Description |
| Amount | $181,297 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 181297 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 37712981 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 335349 | NetUnrealizedGainsInvestments |
| Other Revenues | 210238 | OtherRevenues |
| Revenue Not Rptd F990 | 545587 | RevenueNotRptdF990 |
| Revenue Subtotal | 37167394 | RevenueSubtotal |
| Investment Expenses Not Included | 73668 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2202425 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2276093 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39443487 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24906941 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 163699 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 163699 | ExpensesNotRptdF990 |
| Expenses Subtotal | 24743242 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 73668 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2366124 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2439792 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 27183034 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | Endowment funds are held for the purpose of meeting the requirements of donors in either temporarily or permanently restricted net assets. Board designated quasi-endowment funds are held to meet the long-term needs of the School. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | Pace follows the guidance related to accounting for uncertainties in income taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken. Management does not believe Pace has any significant tax uncertainties that were affected by this change and accordingly no adjustment was made as a result of this implementation. Pace's tax returns are subject to review and examination by federal and state authorities. Tax returns for the fiscal years ended June 30, 2009-2012 are open to examination by federal and state authorities, and in certain circumstances the statute of limitations may remain open indefinitely. |
| Part XI, Line 2d - Other Adjustments: | Interest rate swap 210,238. | |
| Part XI, Line 4b - Other Adjustments: | Financial aid deducted from revenues on financial statements 1,241,414. Campus store cost of sales -112,288. Fund raising direct expenses -39,928. Transition and capital campaign costs 1,124,710. Rental expenses -11,483. | |
| Part XII, Line 2d - Other Adjustments: | Campus store cost of sales 112,288. Fund raising direct expenses 39,928. Rental expenses 11,483. | |
| Part XII, Line 4b - Other Adjustments: | Financial aid deducted from revenues on financial statements 1,241,414. Transition and fund raising costs 1,124,710. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Nondiscriminatory Policy Publication | Identifier |
| Return Reference | Schedule E, Part I, Line 3 | ReturnReference |
| 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 and published in the local newspaper. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (7 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland & Greenland) | 0 | 0 | Program services | Study abroad | 146598 |
| North America | 0 | 0 | Program services | Study abroad | 45838 |
| East Asia and the Pacific | 0 | 0 | Program services | Study abroad | 361 |
| Russia & the Newly Independent States | 0 | 0 | Program services | Study abroad | 40473 |
| South Asia | 0 | 0 | Program services | Study abroad | 150 |
| South America | 0 | 0 | Program services | Study abroad | 58907 |
| Middle East and North Africa | 0 | 0 | Program services | Study abroad | 17127 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 309454 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 309454 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method Used to Acccount for Expenditures: | Identifier |
| Explanation | Schedule F, Part I, Line 3: Actual costs of providing travel and related costs. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 0 | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Booster Bash | NameOfEvent1 |
| Gross Receipts Event1 | 81163 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 48113 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 33050 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 1109 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 159 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 11867 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 675 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 18010 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Pace Race | NameOfEvent2 |
| Gross Receipts Event2 | 30755 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 19960 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 10795 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 3498 | NonCashPrizesEvent2 |
| Food And Beverage Event2 | 525 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 480 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 2970 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 111918 | GrossReceiptsTotal |
| Charitable Contributions Total | 68073 | CharitableContributionsTotal |
| Gross Revenue Total Events | 43845 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 4607 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 159 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 12392 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1155 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 20980 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 39293 | DirectExpenseSummaryEvents |
| Net Income Summary | 4552 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Need based financial assistance aid to students as a reduction in tuition. | TypeOfGrant |
| Number Of Recipients | 114 | NumberOfRecipients |
| Amount Of Cash Grant | 1241414 | AmountOfCashGrant |
| Method Of Valuation | Amount of reduction in tuition amount. | MethodOfValuation |
| Description Of Non Cash Assistance | The non-cash financial aid is a reduction in tuition costs to the student determined on a need basis. | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frederick G Assaf | ||||||||||||||
| Head of School | 521149 | 0 | 0 | 0 | 0 | 0 | 28240 | 0 | 101058 | 0 | 650447 | 0 | 0 | 0 |
| Jean Held | ||||||||||||||
| Chief Financial Officer | 138333 | 0 | 0 | 0 | 0 | 0 | 11097 | 0 | 6367 | 0 | 155797 | 0 | 0 | 0 |
| Matthew Wawro | ||||||||||||||
| Director of Advancement | 161698 | 0 | 0 | 0 | 0 | 0 | 10891 | 0 | 7281 | 0 | 179870 | 0 | 0 | 0 |
| Kristin Palmerton | ||||||||||||||
| Athletic Director | 126106 | 0 | 0 | 0 | 0 | 0 | 8003 | 0 | 36286 | 0 | 170395 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | 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 he receives along with the corresponding amount of related income tax. Part I, line 1a, Personal services. Cleaning services are provided for the Head of School's residence. Part I, line 1a. Housing. 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 requirments of his respective role and responsibilities, it is the opinion of the School that the housing costs 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. |
| 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 4b | Head of School participates in a Section 457(b) plan. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Development Authority of Fulton County | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 581506878 | IssuerEIN |
| CUSIP Number | 359900UQ8 | CUSIPNumber |
| Date Issued | 2008-04-01 | DateIssued |
| Issue Price | 27000000 | IssuePrice |
| Description Of Purpose | Construction of campus and other related facilities. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 1 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 4900000 | AmountRetired |
| Total Proceeds | 27000000 | TotalProceeds |
| Issuance Costs From Proceeds | 387060 | IssuanceCostsFromProceeds |
| Capital Expenditures | 26648660 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Nancy Quintrell | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Spouse of Trustee Randy Quintrell | Relationship |
| Amount Of Transaction | 64423 | AmountOfTransaction |
| Description Of Transaction | Trustee's spouse is a faculty member in the Middle School. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 56 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 992873 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Avg high/low | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Third Party Use: | Part I, Line 32b: | The School has gift acceptance and disposition policies in place that were implemented in May 2004. It includes a Committee charged with complying with the 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. |
| Non Reporting of Revenue: | Part I, Line 33: | Immaterial and minor amounts of gifts or services or small items are not given any value for recognizing revenues. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The Audit Commitee 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 Board of Trustee members for their review and approval prior to filing with the Internal Revenue Service. | |
| 990, Part VI, Governance, Management, Disclosure, Section C, Number 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 statements are available upon request during business hours from the Business Office with appropriate consideration for time to accumulate to meet such requests. | How documents are made available to the public. |
| Form 990, Part VI, Section B, 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 uphaold a duty of confidentiality and avoidance of any confict of interest. | |
| Form 990, Part VI, Section B, line 15 | The Board of Trustees has a Compensation Committee that determines executive compensation. The Competition Committee reviews the salary information from other schools based on NAIS, JRPO and other surveys and benchmarks when considering the salaries of the Headmaster (CEO) and the CFO. 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 other key employees. | |
| Form 990, Part VI, Section C, line 18 | The Form 990 is available for public inspection during business hours of the School. In addition, the form may be available on the website Guidestar.com. | |
| Form 990, Part VI, Section C, line 19 | The information is availbale upon request and made available to the interested parties during business hours of the School during those days that the School is open to students. | |
| Form 990, Part XI, line 9: | Interest rate swap 210,238. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XI, Line 2(c) | The School has not changed its policy or procedure related to the audit function. | No change in audit function. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Knights Riverview LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 West Paces Ferry Rd | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30327 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | The primary activity is to assist in carrying out the same as the School. | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pace Academy Inc | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pace Academy Parents' Club Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 966 West Paces Ferry Road | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30327 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582074448 | EIN |
| Primary Activities | Raising money to donate to Pace Academy, Inc. | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | 501 (c)(3) | ExemptCodeSection |
| Public Charity Status | Line 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Pace Academy Parents' Club Inc | ||
| C | 175000 | Sch B contribution |
| Knights Riverview LLC | ||
| K | 2400 | Lease |