Civic Intelligence

Pave Schools Inc.

990 • Fiscal year 2015 • EIN 20-4241997

Jul 01, 2014 to Jun 30, 2015 • Filed on May 10, 2016

Organization ProfileWWW.PAVEACADEMY.ORG
238 Conover StreetBrooklyn, NY 11231

(718) 858-7813

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.38x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

7.49x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Net Margin

5th percentile

-67%

Higher net margin than 5% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Asset Growth

17th percentile

-3.1%

Faster asset growth than 17% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

4.8%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$40,054,150

Down $1,265,560 (-3.1%) from 2014

Net Assets

Down

$24,802,000

Down $1,365,004 (-5.2%) from 2014

Liabilities

Up

$15,252,150

Up $99,444 (+0.7%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin5th percentile

Revenue

Up

$2,035,424

Up $93,620 (+4.8%) from 2014

Expenses

Up

$3,400,428

Up $905,384 (+36%) from 2014

Net Income

Down

-$1,365,004

Down $811,764 (-147%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $12,240,123Liabilities 2011: $375,958Net Assets 2011: $11,864,1652011Assets 2012: $17,722,915Liabilities 2012: $17,426,514Net Assets 2012: $296,4012012Assets 2013: $42,853,631Liabilities 2013: $16,133,387Net Assets 2013: $26,720,2442013Assets 2014: $41,319,710Liabilities 2014: $15,152,706Net Assets 2014: $26,167,0042014Assets 2015: $40,054,150Liabilities 2015: $15,252,150Net Assets 2015: $24,802,0002015Assets 2016: $47,484,718Liabilities 2016: $22,683,649Net Assets 2016: $24,801,0692016Assets 2017: $45,064,703Liabilities 2017: $21,547,895Net Assets 2017: $23,516,8082017Assets 2018: $43,243,830Liabilities 2018: $21,314,958Net Assets 2018: $21,928,8722018Assets 2019: $41,737,975Liabilities 2019: $20,968,675Net Assets 2019: $20,769,3002019Assets 2020: $40,769,276Liabilities 2020: $21,064,348Net Assets 2020: $19,704,9282020Assets 2021: $32,353,117Liabilities 2021: $23,602Net Assets 2021: $32,329,5152021Assets 2022: $31,353,489Liabilities 2022: $16,517Net Assets 2022: $31,336,9722022Assets 2023: $30,379,221Liabilities 2023: $22,000Net Assets 2023: $30,357,2212023Assets 2024: $29,421,674Liabilities 2024: $38,518Net Assets 2024: $29,383,1562024

Highlighted filing

2015

Assets$40,054,150
Liabilities$15,252,150
Net Assets$24,802,000
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,244,302Expenses 2011: $127,751Net Income 2011: $4,116,5512011Expenses 2012: $11,644,0552012Expenses 2013: $861,8372013Revenue 2014: $1,941,804Expenses 2014: $2,495,044Net Income 2014: -$553,2402014Revenue 2015: $2,035,424Expenses 2015: $3,400,428Net Income 2015: -$1,365,0042015Revenue 2016: $5,480,935Expenses 2016: $5,481,866Net Income 2016: -$9312016Revenue 2017: $3,276,011Expenses 2017: $4,560,272Net Income 2017: -$1,284,2612017Revenue 2018: $3,325,784Expenses 2018: $4,913,720Net Income 2018: -$1,587,9362018Revenue 2019: $3,913,401Expenses 2019: $5,072,973Net Income 2019: -$1,159,5722019Revenue 2020: $2,584,711Expenses 2020: $3,588,897Net Income 2020: -$1,004,1862020Revenue 2021: $15,301,214Expenses 2021: $1,847,317Net Income 2021: $13,453,8972021Revenue 2022: $5,559Expenses 2022: $998,102Net Income 2022: -$992,5432022Revenue 2023: $22,272Expenses 2023: $1,002,023Net Income 2023: -$979,7512023Revenue 2024: $16,174Expenses 2024: $990,239Net Income 2024: -$974,0652024

Highlighted filing

2015

Revenue$2,035,424
Expenses$3,400,428
Net Income-$1,365,004
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 10, 2016
Return Version
2014v6.0
Gross Receipts
$2,035,424
Mission and Program Overview

Mission

To support the operation of charter schools in brooklyn, new york, and raleigh, north carolina, focused on the core values of perseverance, achievement, vibrance, and excellent character, including support through fundraising.

Support the establishment and operation of schools focused on the core values of perseverance, achievement, vibrance, and excellent character, including support through fundraising.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,569,271$36,617,588▼ $951,683
Cash and Non-Interest-Bearing Accounts$1,893,976$1,568,549▼ $325,427
Savings and Temporary Cash Investments$1,483,985$1,303,450▼ $180,535
Prepaid Expenses and Deferred Charges$299,144$315,459▲ $16,315
Pledges and Grants Receivable$73,334$227,660▲ $154,326
Total Assets$41,319,710$40,054,150▼ $1,265,560
Other Assets Total$0$21,444▲ $21,444
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,994,000$14,994,000→ $0
Accounts Payable and Accrued Expenses$158,706$258,150▲ $99,444
Total Liabilities$15,152,706$15,252,150▲ $99,444
Net Assets / Fund Balance
Unrestricted Net Assets$26,167,004$24,275,000▼ $1,892,004
Temporarily Rstr Net Assets$0$527,000▲ $527,000
Total Net Assets Fund Balance$26,167,004$24,802,000▼ $1,365,004
Total Liabilities and Net Assets / Fund Balance$41,319,710$40,054,150▼ $1,265,560

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,760,195$2,391,702$38,151,897
Land$577,000-$577,000
Equipment$203,751$176,360$380,111
Leasehold Improvements$76,642$430$77,072
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Patrick SweeneyBoard Chair and President
David SweenyTrustee
Dylan GlennTrustee
Elizabeth TaylorTrustee
Rick GersonTrustee
Scott WhitworthTrustee
Steve OlsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,005,232
Program Service Revenue
$0
Investment Income
$1,382
Other Revenue
$28,810
All Other Contributions
$2,005,232
Change in Net Assets
$-1,365,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,035,424
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$61,796
Total Revenue per Audited Statements
$2,097,220
Total Revenue per Form 990
$2,035,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,635,304
Salaries, Compensation, and Employee Benefits$1,125,124
Grants and Similar Amounts Paid$640,000
Total Fundraising Expense$3,194
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,036,939$79-$1,037,018
Other Salaries and Wages$838,284$93,127-$931,411
Grants to Domestic Orgs$640,000--$640,000
Interest$115,023--$115,023
Occupancy$102,402$2,609-$105,011
Other Employee Benefits$93,812$10,392-$104,204
Fees for Services Other$91,261$8,297-$99,558
Payroll Taxes$72,468$8,028-$80,496
Fees for Services Management$66,893--$66,893
Advertising$59,359-$3,194$62,553
Fees for Services Legal$308$60,937-$61,245
Travel$24,710$2,745-$27,455
Other Expenses$16,081$1,786-$17,867
Insurance$14,699$1,633-$16,332
Fees for Services Accounting$7,500$7,901-$15,401
Pension Plan Contributions$8,114$899-$9,013
Office Expenses$5,953$659-$6,612
All Other Expenses$1,537$2,799-$4,336
Total Functional Expenses$3,195,343$201,891$3,194$3,400,428

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,462,224
Expenses per Audited Statements$3,400,428
Total Expenses per Form 990$3,400,428
Expenses Not Reported on Form 990$61,796
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pave Southeast Raleigh Charter SchoolRaleigh, NC501(c)(3)General Operating Support.$325,000
Pre-pave IncBrooklyn, NY501(c)(3)General Operating Support.$315,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by the treasurer of the board then circulated to the trustees for review.”

Form 990, Part VI, Section B, Line 12C

“The governing board requires all of the board members to sign a statement affirming receipt of the policy and compliance with said policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public by request.”

Filing and Contact Details

Filer

Filer Name
Pave Schools Inc
EIN
20-4241997
Phone
7188587813
Address
238 CONOVER STREET, BROOKLYN, NY 11231

Signing Officer

Name
Patrick Sweeney
Title
Board Chair and President
Phone
7188587813
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Sweeney
Formed
2006
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Fruchter Rosen & Co Pc
Address
156 WEST 56TH STREET STE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“During the year ended june 30, 2015, pave schools signed educational management agreements with three schools to select and implement educational programs, coaching and professional development to school-based leadership, manage the schools business adminstration and support the boards in all governance issues.”

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“The organization's board of trustees is responsible for oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“The organization's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The organization has no uncertain tax position resulting in an accrual of tax expense or benefit.”

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IRS990/PayrollTaxesGrp/TotalAmt080496
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0899
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08114
IRS990/PensionPlanContributionsGrp/TotalAmt09013
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt073334
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0227660
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0299144
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0315459
IRS990/PrincipalOfficerNm0PATRICK SWEENEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01938908
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01030025
IRS990/PYInvestmentIncomeAmt02896
IRS990/PYOtherExpensesAmt01465019
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-553240
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02495044
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01941804
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1365004
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt028810
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01483985
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01303450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02005232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01938908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt027281097
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt074878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04234723
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt035534838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01382
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01413
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09579
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019853
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03212118
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03212118
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83850
IRS990ScheduleA/PublicSupportPY170Pct00.85770
IRS990ScheduleA/PublicSupportTotal170Amt032506314
IRS990ScheduleA/SubstantialContributorsTotAmt03028524
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02005232
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01938908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt027281097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt074878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04234723
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt035534838
IRS990ScheduleA/TotalSupportAmt038766809
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt035760195
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02391702
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038151897
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt061796
IRS990ScheduleD/DonatedServicesUseFcltsAmt061796
IRS990ScheduleD/EquipmentGrp/BookValueAmt0203751
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176360
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0380111
IRS990ScheduleD/ExpensesNotReportedAmt061796
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03400428
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0577000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0577000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt076642
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0430
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt077072
IRS990ScheduleD/RevenueNotReportedAmt061796
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02035424
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036617588
IRS990ScheduleD/TotalExpensesPerForm990Amt03400428
IRS990ScheduleD/TotalRevenuePerForm990Amt02035424
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02097220
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03462224
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0315000
IRS990ScheduleI/RecipientTable/CashGrantAmt1325000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING SUPPORT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL OPERATING SUPPORT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PRE-PAVE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PAVE SOUTHEAST RALEIGH CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0462887629
IRS990ScheduleI/RecipientTable/RecipientEIN1464215646
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0732 HENRY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12801 SOUTH WILMINGTON STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd011231
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127603
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR ENDED JUNE 30, 2015, PAVE SCHOOLS SIGNED EDUCATIONAL MANAGEMENT AGREEMENTS WITH THREE SCHOOLS TO SELECT AND IMPLEMENT EDUCATIONAL PROGRAMS, COACHING AND PROFESSIONAL DEVELOPMENT TO SCHOOL-BASED LEADERSHIP, MANAGE THE SCHOOLS BUSINESS ADMINSTRATION AND SUPPORT THE BOARDS IN ALL GOVERNANCE ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE TREASURER OF THE BOARD THEN CIRCULATED TO THE TRUSTEES FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BOARD REQUIRES ALL OF THE BOARD MEMBERS TO SIGN A STATEMENT AFFIRMING RECEIPT OF THE POLICY AND COMPLIANCE WITH SAID POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0PAVE SCHOOLS INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1PAVE SCHOOLS INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2PAVE SCHOOLS INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3PAVE SCHOOLS INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PACS 732 HENRY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PAVE 2801 SOUTH WILMINGTON LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2PAVE 238 CONOVER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3PAVE 76 LORRAINE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0593843228
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt038531377
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1148356
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt25000
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt316362
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01371
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt128810
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt20
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt30
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0238 CONOVER STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1238 CONOVER STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2238 CONOVER STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt3238 CONOVER STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1RALEIGH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2BROOKLYN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm3BROOKLYN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd011231
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd111231

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,054,150
Liabilities
$15,252,150
Net assets
$24,802,000
Revenue
$2,035,424
Expenses
$3,400,428
Net income
-$1,365,004
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.4$0.04$29.4$0.02$0.99$0.97
2023Detailed filing. Detailed filing data is available for this year.$30.4$0.02$30.4$0.02$1.00$0.98
2022Detailed filing. Detailed filing data is available for this year.$31.4$0.02$31.3$0.01$1.00$0.99
2021Detailed filing. Detailed filing data is available for this year.$32.4$0.02$32.3$15.3$1.85$13.5
2020Detailed filing. Detailed filing data is available for this year.$40.8$21.1$19.7$2.58$3.59$1.00
2019Detailed filing. Detailed filing data is available for this year.$41.7$21.0$20.8$3.91$5.07$1.16
2018Detailed filing. Detailed filing data is available for this year.$43.2$21.3$21.9$3.33$4.91$1.59
2017Detailed filing. Detailed filing data is available for this year.$45.1$21.5$23.5$3.28$4.56$1.28
2016Detailed filing. Detailed filing data is available for this year.$47.5$22.7$24.8$5.48$5.48$0.00
2015Detailed filing. Detailed filing data is available for this year.$40.1$15.3$24.8$2.04$3.40$1.37
2014Summary only. Only limited summary data is available for this year.$41.3$15.2$26.2$1.94$2.50$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.9$16.1$26.7$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$17.4$0.30$11.6
2011Summary only. Only limited summary data is available for this year.$12.2$0.38$11.9$4.24$0.13$4.12