Pace Preparatory Academy Inc
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Paradise Valley, AZ
- Founding
- 12/2000
- Data as of
- 06/2022
- EIN
- 86-0989368
Organization Overview
Pace Preparatory Academy Inc is located in Paradise Valley, AZ. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pace Preparatory Academy Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace Preparatory Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pace Preparatory Academy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PACE ACADEMY'S MISSION IS TO PROVIDE A SAFE ENVIRONMENT WHERE ALL STUDENTS CAN ACQUIRE AN ALTERNATIVE, FOCUSED, INDIVIDUALIZED EDUCATIONAL PROGRAM DESIGNED TO ENABLE THEM TO EARN AND RECOVER CREDIT IN ORDER TO GRADUATE AND BECOME SELF-MOTIVATED ADN COMPETENT ADULTS WHO ARE PREPARED FOR A CAREER OR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENABLE STUDENTS TO BECOME SELF-MOTIVATED, COMPETENT, LIFE LONG LEARNERS EQUIPPED WITH THE READING, WRITING, TECHNOLOGICAL AND PROBLEM SOLVING SKILLS NECESSARY TO BECOME CONTRIBUTING MEMBERS OF SOCIETY IN THE 21ST CENTURY.
TO ENABLE STUDENTS TO BECOME SELF-MOTIVATED, COMPETENT, LIFE LONG LEARNERS EQUIPPED WITH THE READING, WRITING, TECHNOLOGICAL AND PROBLEM SOLVING SKILLS NECESSARY TO BECOME CONTRIBUTING MEMBERS OF SOCIETY IN THE 21ST CENTURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Chapman Vice Preside | OfficerTrustee | $0 | |
William Sakelarios President/di | OfficerTrustee | $0 | |
Peggy Sarkisian Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,032,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,244,338 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,974 |
| Payroll taxes | $53,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $884 |
| Fees for services: Accounting | $52,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,208 |
| Advertising and promotion | $8,976 |
| Office expenses | $58,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,140 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,878 |
| Insurance | $23,040 |
| All other expenses | $0 |
| Total functional expenses | $1,333,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $149,778 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $112,631 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,491 |
| Net Land, buildings, and equipment | $1,491,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $763 |
| Total assets | $1,853,760 |
| Accounts payable and accrued expenses | $137,135 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,727,422 |
| Total liabilities | $1,864,557 |
| Net assets without donor restrictions | -$15,430 |
| Net assets with donor restrictions | $4,633 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,853,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |