PACE ACADEMY INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PACE ACADEMY INC (EIN 58-0706812)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-13
- IRS object ID
- 201341339349300609
- Schema version
- 2011v1.2
- 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 | 2013-05-13T07:00:29-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | 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 | 2011-07-01 | 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 | 2013-05-06 | 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 | 2013-05-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | 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 | 87064696 | 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 an independent day school-prefirst through 12th grade for boys and girls. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 393 | TotalNbrEmployees |
| Total Nbr Volunteers | 524 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 11402 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4119965 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 15385244 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22587660 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23712117 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 660146 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4183314 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 168221 | OtherRevenuePriorYear |
| Other Revenue Current Year | -6244 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27535992 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43274431 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1070734 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1165513 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14492294 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15313732 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 728636 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8509703 | OtherExpensePriorYear |
| Other Expenses Current Year | 8766965 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 24072731 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25246210 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3463261 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 18028221 | RevenuesLessExpensesCY |
| Total Assets BOY | 118997879 | TotalAssetsBOY |
| Total Assets EOY | 133502634 | TotalAssetsEOY |
| Total Liabilities BOY | 41203564 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 42070714 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 77794315 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 91431920 | 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 | 18365920 | Expense |
| Grants | 1165513 | Grants |
| Revenue | 21923952 | Revenue |
| Description | Instruction- Pace Academy was established in 1958 as an independent college preparatory coeducational day school. In the class of 2012, Pace had an enrollment of 1,048 students in pre-first through twelfth grades. The student teacher ratio was 9:1 with a class size on average of 12 students.The teachers average 16 years of teaching experience with nine years at Pace Academy. Eighty percent of Upper School faculty holds graduate degrees, while 16 percent hold doctorates. The 86 graduates of 2012 are attending 52 different colleges and universities in the United States, Canada, and Scotland.During the 2011-2012 school year, every senior at Pace took at least one Advanced Placement course with 82 percent scoring a 3 or higher. The average SAT score for the class was 1,320-1980 and 20 percent of the 2011-2012 class earned National Merit recognition. Pace is accredited by the Southern Association of Colleges and Schools and the Southern Association of Independent Schools and holds membership in the National Association of Independent Schools, the Cum Laude Society, the College Board, the Educational Records Bureau, and the National Association of College Admission Counselors. Pace Academy is one of fewer than 40 schools in the nation invited to be a Founding School Member of the Association of College Counselors in Independent Schools (ACCIS). | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 697323 | Expense |
| Revenue | 697323 | Revenue |
| Description | Auxiliary Services-Pace serves students, faculty, and staff lunch, which aggregates over 1200 meals per day while refreshment areas are available throughout the campus. Pace has a Campus Store, which is open on regular school days. The store offers online textbook purchasing and features a variety of Pace apparel, including NIKE and Under Armour, Pace accessories, PE and dress uniforms, school supplies, and novelty and holiday items.During the year, the School launched its most ambitious capital campaign in its history to build a new Upper School facility in time for the 2014-2015 academic year. The 75,000 square foot building, which will be called the Arthur M. Blank Family Upper School is part of Paces long-range master campus plan. The School's campaign has a goal of raising $32 million with $22 million already being raised. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1423045 | Expense |
| Revenue | 1090842 | Revenue |
| Description | Student Activities - Pace consistently produces championship teams and All-state, All-American and Academic All-American athletes. Eighty-five (85) percent of Middle and Upper School students participated in at least one of Paces 64 sports team. Pace's players are recruited by powerhouse colleges, and the school's graduates have gone on to play for teams ranging from NCAA Division I schools to the major league baseball teams. Pace claims more than 54 state championships.On their main campus, Pace's facilities include the state-of-the-art Inman Center gymnasium, a natatorium, an indoor jogging and walking track, a gymnastic and wrestling facility, as well as baseball and softball fields, four tennis courts, a practice field and a wellness center. The school also has athletic facilities at two satellite locations. One is an eight-acre baseball field just three miles from the main campus. The second property, six miles from campus, includes one multipurpose field for football, soccer and lacrosse; a baseball field; a 27,000-square-foot field house; and parking for 450 cars. This year, in its third year, the football team made the regional finals.Pace was one of Atlanta's first schools to make service a graduation requirement. During the 2010-2011 school year, Upper School students performed over 9,000 hours of service. The school partners with nine community service agencies. During the 2010-2011 school year, the 5th grade placed 1st in the nation National WordMasters competition. The yearlong competition consisted of more than 700 teams at each grade level. Pace debaters advanced to the national tournament last year. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 20486288 | 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 | 1 | ReportProgRelInvest |
| Report Other Assets | 1 | 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 | 0 | 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 | 1 | 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 | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 54 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 393 | 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 |
| Form8899 Filed | 1 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| 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 | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | 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 (29 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 | |||
| Jeffrey R Seaman | ||||||||
| Past Chairman of Board | 1.00 | X | 0 | 0 | 0 | |||
| Barbara Y Lager | ||||||||
| Secretary of the Board | 3.00 | X | 0 | 0 | 0 | |||
| Laurie Ann Goldman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Greg Thurman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sybil C Hadley | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| James W Howard | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jeffrey T Arnold | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William M Lellyett | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Inman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jeff Seabright | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Robert Sheft | ||||||||
| Trustee | 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 | ||||||||
| 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 | |||
| Garry K Schaefer | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Charles L Brown | ||||||||
| 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 | |||
| Frederick G Assaf | ||||||||
| Head of School | 40.00 | 486022 | 0 | 129735 | X | |||
| Jean Held | ||||||||
| Chief Financial Officer | 40.00 | 132533 | 0 | 26180 | X | |||
| Matthew Wawro | ||||||||
| Director of Advancement | 40.00 | 150100 | 0 | 21163 | X | |||
| Kristin Palmerton | ||||||||
| Ath Director | 40.00 | 121382 | 0 | 52477 | X | |||
| Anna Valerius | ||||||||
| Head of Lower School | 40.00 | 114398 | 0 | 24960 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1004435 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 254515 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | 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 |
|---|---|---|---|---|---|
| Sage Dining Services Inc | |||||
| 1402 York Road Suite 100 | Lutherville | MD | 21093 | Food service | 958726 |
| Collins Cooper Carusi Architects Inc | |||||
| 3391 Peachtree Rd | Atlanta | GA | 30326 | Architectual services | 680593 |
| WR Cleaning Services Inc | |||||
| 1405 Flattail Run | Lawrenceville | GA | 30043 | Janitorial | 304515 |
| Precision Turf LLC | |||||
| 4237 Walking Lane | Lilburn | GA | 30047 | Turf construction | 206631 |
| SG Contracting Inc | |||||
| 1720 Peachtree Street | Atlanta | GA | 30309 | General contracting | 184545 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Fundraising Events | 114300 | FundraisingEvents |
| Related Organizations | 475385 | RelatedOrganizations |
| All Other Contributions | 14795559 | AllOtherContributions |
| Noncash Contributions | 413464 | NoncashContributions |
| Total Contributions | 15385244 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 611710 | 21923952 | 21923952 |
| Summer programs | 611710 | 1376666 | 1376666 |
| Other operating revenu | 611710 | 292142 | 292142 |
| Booster club | 611710 | 119357 | 119357 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23712117 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 856508 | TotalRevenueColumn |
| Exclusion | $856,508 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 82893 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12698 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 70195 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 70195 | TotalRevenueColumn |
| Exclusion | $70,195 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46757634 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 43279265 | Securities |
| Other | 151563 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3478369 | Securities |
| Other | -151563 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3326806 | TotalRevenueColumn |
| Exclusion | $3,326,806 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 75301 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 114300 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 90842 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -15541 | TotalRevenueColumn |
| Exclusion | -$15,541 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 194999 | GrossSalesOfInventory |
| Cost Of Goods Sold | 255897 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -60898 | TotalRevenueColumn |
| Exclusion | -$60,898 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43274431 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23712117 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,177,070 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1165513 | Total |
| Program Services | 1165513 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 933337 | Total |
| Program Services | 148784 | ProgramServices |
| Management And General | 474584 | ManagementAndGeneral |
| Fundraising | 309969 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11360217 | Total |
| Program Services | 9957029 | ProgramServices |
| Management And General | 1248314 | ManagementAndGeneral |
| Fundraising | 154874 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 760788 | Total |
| Program Services | 431038 | ProgramServices |
| Management And General | 311590 | ManagementAndGeneral |
| Fundraising | 18160 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1411894 | Total |
| Program Services | 1195437 | ProgramServices |
| Management And General | 145213 | ManagementAndGeneral |
| Fundraising | 71244 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 847496 | Total |
| Program Services | 713497 | ProgramServices |
| Management And General | 104388 | ManagementAndGeneral |
| Fundraising | 29611 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2794 | Total |
| Management And General | 2794 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37500 | Total |
| Management And General | 37500 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126000 | Total |
| Management And General | 126000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42706 | Total |
| Management And General | 28779 | ManagementAndGeneral |
| Fundraising | 13927 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245557 | Total |
| Program Services | 29165 | ProgramServices |
| Management And General | 166499 | ManagementAndGeneral |
| Fundraising | 49893 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2057902 | Total |
| Program Services | 1700368 | ProgramServices |
| Management And General | 338529 | ManagementAndGeneral |
| Fundraising | 19005 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256835 | Total |
| Program Services | 206654 | ProgramServices |
| Management And General | 42642 | ManagementAndGeneral |
| Fundraising | 7539 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107992 | Total |
| Program Services | 61557 | ProgramServices |
| Management And General | 40031 | ManagementAndGeneral |
| Fundraising | 6404 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 644763 | Total |
| Program Services | 595007 | ProgramServices |
| Management And General | 47545 | ManagementAndGeneral |
| Fundraising | 2211 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1933885 | Total |
| Program Services | 1784648 | ProgramServices |
| Management And General | 142604 | ManagementAndGeneral |
| Fundraising | 6633 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141611 | Total |
| Program Services | 13510 | ProgramServices |
| Management And General | 128101 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Student Activities | 1563975 | 1423045 | 140930 | |
| Dining | 715498 | 697323 | 14395 | 3780 |
| Other expense | 445418 | 85237 | 324795 | 35386 |
| Library, textbooks, and | 306559 | 264895 | 41664 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137970 | Total |
| Program Services | 13581 | ProgramServices |
| Management And General | 124389 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25246210 | Total |
| Program Services | 20486288 | ProgramServices |
| Management And General | 4031286 | ManagementAndGeneral |
| Fundraising | 728636 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9273425 | BOY |
| EOY | 16470347 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4493146 | BOY |
| EOY | 7072339 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3401223 | BOY |
| EOY | 13202849 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3616659 | BOY |
| EOY | 4080596 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85248 | BOY |
| EOY | 85248 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1187373 | BOY |
| EOY | 1251748 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 74109543 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22999463 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50985266 | BOY |
| EOY | 51110080 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24435558 | BOY |
| EOY | 10597432 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20914216 | BOY |
| EOY | 29108814 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 605765 | BOY |
| EOY | 523181 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118997879 | BOY |
| EOY | 133502634 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1916315 | BOY |
| EOY | 2339324 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13440729 | BOY |
| EOY | 14339860 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24600000 | BOY |
| EOY | 23400000 | 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 | 1196520 | BOY |
| EOY | 1941530 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41203564 | BOY |
| EOY | 42070714 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69249673 | BOY |
| EOY | 70486038 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4102761 | BOY |
| EOY | 16503501 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4441881 | BOY |
| EOY | 4442381 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77794315 | BOY |
| EOY | 91431920 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118997879 | BOY |
| EOY | 133502634 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 18028221 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4390616 | 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 |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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 | 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 Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 Minus3 Years CurrentYearMinus3Years
| 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 | 0.76000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.08000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.16000 | 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 | 53886139 | OtherCostOrOtherBasis |
| Depreciation | 18914333 | Depreciation |
| Book Value | 34971806 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6119292 | OtherCostOrOtherBasis |
| Depreciation | 2147905 | Depreciation |
| Book Value | 3971387 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3573688 | OtherCostOrOtherBasis |
| Depreciation | 1254384 | Depreciation |
| Book Value | 2319304 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1945386 | OtherCostOrOtherBasis |
| Depreciation | 682841 | Depreciation |
| Book Value | 1262545 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 51110080 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Alternative investments | 5692158 | F |
| Fixed income funds | 23416656 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 29108814 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Agency accounts | $159,560 |
| Interest rate swap | $1,781,970 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1941530 | TotalOfAmounts |
| Total Revenue | 43274431 | TotalRevenue |
| Total Expenses | 25246210 | TotalExpenses |
| Excess Or Deficit For Year | 18028221 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -3783493 | NetUnrealizedGLOnInvestments |
| Investment Expenses | 126000 | InvestmentExpenses |
| Other | -$733,123 | OtherAmount |
| Total Adjustments | -4390616 | TotalAdjustments |
| Excess Or Deficit Per FS | 13637605 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 38513646 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -3783493 | NetUnrealizedGainsInvestments |
| Other Revenues | 346739 | OtherRevenues |
| Revenue Not Rptd F990 | -3436754 | RevenueNotRptdF990 |
| Revenue Subtotal | 41950400 | RevenueSubtotal |
| Other Revenues Not Included | 1324031 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1324031 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 43274431 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24876041 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1079862 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1079862 | ExpensesNotRptdF990 |
| Expenses Subtotal | 23796179 | ExpensesSubtotal |
| Other Expenses Not Included | 1450031 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1450031 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 25246210 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 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: | 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. Paces 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 8 - Other Adjustments: | Interest rate swap -733,123. | |
| Part XII, Line 2d - Other Adjustments: | Costs of sales and fund raising 346,739. | |
| Part XII, Line 4b - Other Adjustments: | Financial aid deducted from revenues on financial statements 1,165,513. Other 158,518. | |
| Part XIII, Line 2d - Other Adjustments: | Interest rate swap 733,123. Cost of sales and fund raising 346,739. | |
| Part XIII, Line 4b - Other Adjustments: | Financial aid deducted from revenues on financial statements 1,165,513. Investment expenses 126,000. Other 158,518. | |
| FIN 48 footnote Pace adopted the guidance related to accounting for uncertainties in income taxes during the fiscal year ended June 30, 2010, 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 year ended June 30, 2008 through June 30, 2011 are open to examination by federal and state authorities, and in certain circumstances the statue of limitations may remain open indefinitely. |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe, Asia, South Africa | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Program Services. | TypeOfActivitiesConducted |
| Specific Services Provided | Study abroad. | SpecificServicesProvided |
| Total Expenditures | 408000 | TotalExpenditures |
| 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 | 408000 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 408000 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | 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 | 105192 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 61831 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 43361 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 1574 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 627 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 38329 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Diversity JTF | NameOfEvent2 |
| Gross Receipts Event2 | 46330 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 28700 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 17630 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 32819 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 38079 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 23769 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 14310 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 2866 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 11125 | RentFacilityCostsOtherEvents |
| Other Direct Expenses Other Events | 3502 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 189601 | GrossReceiptsTotal |
| Charitable Contributions Total | 114300 | CharitableContributionsTotal |
| Gross Revenue Total Events | 75301 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 4440 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 11752 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 74650 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 90842 | DirectExpenseSummaryEvents |
| Net Income Summary | -15541 | 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 | 115 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 1165513 | AmountOfNonCashAssistance |
| 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)
| 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 | |||||||||||||
| 478532 | 0 | 0 | 0 | 7490 | 0 | 19470 | 0 | 110265 | 0 | 615757 | 0 | 0 | 0 |
| Jean Held | |||||||||||||
| 132533 | 0 | 0 | 0 | 0 | 0 | 10625 | 0 | 15555 | 0 | 158713 | 0 | 0 | 0 |
| Matthew Wawro | |||||||||||||
| 150100 | 0 | 0 | 0 | 0 | 0 | 5034 | 0 | 16129 | 0 | 171263 | 0 | 0 | 0 |
| Kristin Palmerton | |||||||||||||
| 121382 | 0 | 0 | 0 | 0 | 0 | 7282 | 0 | 45195 | 0 | 173859 | 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
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) |
|---|---|---|
| Amount Retired | 3600000 | AmountRetired |
| Total Proceeds | 27000000 | TotalProceeds |
| Issuance Costs From Proceeds | 351340 | 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) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| 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 |
| Exception To Rebate | 0 | ExceptionToRebate |
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 | 62741 | 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 | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 413464 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Avg high/low | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Minor goods | Description |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Estimated | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| 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 Board reviews comparable amounts from other similar entities by reviewing their form 990 from other websites. The Board has final approval for all recommendations of the Compensation Committee. | |
| 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 5: | Net unrealized losses on investments: -3,783,493. Investment expenses: 126,000. Interest rate swap -733,123. Total to Form 990, Part XI, Line 5: -4,390,616. | 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 |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
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 |
| 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 | 475385 | Sch B contribution |
| Knights Riverview LLC | ||
| J | 2400 | Lease |