Civic Intelligence

Pace School

990 • Fiscal year 2014 • EIN 25-1186708

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 11, 2014

2432 Greensburg Pike15221

(412) 244-1900

Siviq Scores

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

Liabilities / Assets

31st percentile

0.09x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

25th percentile

0.09x

Higher debt load relative to revenue than 25% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

60th percentile

$199,745

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$10,059,458

Up $977,738 (+11%) from 2013

Net Assets

Up

$9,203,452

Up $1,173,563 (+15%) from 2013

Liabilities

Down

$856,006

Down $195,825 (-19%) from 2013

Revenue

$9,582,219

No earlier filing loaded for comparison.

Expenses

Down

$8,408,656

Down $1,205,912 (-13%) from 2013

Net Income

$1,173,563

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $8,562,074Liabilities 2011: $1,238,175Net Assets 2011: $7,323,8992011Assets 2012: $8,820,832Liabilities 2012: $1,265,304Net Assets 2012: $7,555,5282012Assets 2013: $9,081,720Liabilities 2013: $1,051,831Net Assets 2013: $8,029,8892013Assets 2014: $10,059,458Liabilities 2014: $856,006Net Assets 2014: $9,203,4522014Assets 2016: $9,111,972Liabilities 2016: $680,052Net Assets 2016: $8,431,9202016Assets 2017: $9,094,073Liabilities 2017: $752,357Net Assets 2017: $8,341,7162017Assets 2018: $8,259,527Liabilities 2018: $677,858Net Assets 2018: $7,581,6692018Assets 2020: $7,049,085Liabilities 2020: $738,906Net Assets 2020: $6,310,1792020Assets 2021: $7,489,346Liabilities 2021: $770,861Net Assets 2021: $6,718,4852021Assets 2023: $7,740,315Liabilities 2023: $1,478,909Net Assets 2023: $6,261,4062023Assets 2025: $7,602,898Liabilities 2025: $1,883,979Net Assets 2025: $5,718,9192025

Highlighted filing

2014

Assets$10,059,458
Liabilities$856,006
Net Assets$9,203,452

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $8,980,7032011Expenses 2012: $9,382,8422012Expenses 2013: $9,614,5682013Revenue 2014: $9,582,219Expenses 2014: $8,408,656Net Income 2014: $1,173,5632014Revenue 2016: $8,251,147Expenses 2016: $8,327,733Net Income 2016: -$76,5862016Revenue 2017: $8,333,797Expenses 2017: $7,711,394Net Income 2017: $622,4032017Revenue 2018: $8,399,596Expenses 2018: $9,159,643Net Income 2018: -$760,0472018Revenue 2020: $8,061,156Expenses 2020: $8,583,112Net Income 2020: -$521,9562020Revenue 2021: $8,232,488Expenses 2021: $7,824,182Net Income 2021: $408,3062021Revenue 2023: $8,030,719Expenses 2023: $8,308,555Net Income 2023: -$277,8362023Revenue 2025: $9,067,283Expenses 2025: $9,395,072Net Income 2025: -$327,7892025

Highlighted filing

2014

Revenue$9,582,219
Expenses$8,408,656
Net Income$1,173,563
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 11, 2014
Return Version
2013v3.0
Gross Receipts
$9,586,910
Mission and Program Overview

Mission

Pace school is a placement option for school districts in allegheny and surrounding counties and serves children, kindergarten through twelfth grade, with emotional challenges or autism.

Pace school is a placement option for school districts in allegheny and surrounding counties and serves children, kindergarten through ninth grade, with emotional challenges or autism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,249,767$5,434,851▲ $185,084
Savings and Temporary Cash Investments$3,492,034$3,129,278▼ $362,756
Cash and Non-Interest-Bearing Accounts$130,487$1,086,876▲ $956,389
Accounts Receivable$93,528$289,939▲ $196,411
Prepaid Expenses and Deferred Charges$115,904$118,514▲ $2,610
Total Assets$9,081,720$10,059,458▲ $977,738
Liabilities
Accounts Payable and Accrued Expenses$786,116$677,709▼ $108,407
Mortgage Notes Payable Secured by Investment Property$239,957$171,595▼ $68,362
Other Liabilities$19,458$6,702▼ $12,756
Deferred Revenue$6,300--
Total Liabilities$1,051,831$856,006▼ $195,825
Net Assets / Fund Balance
Unrestricted Net Assets$7,910,342$8,619,905▲ $709,563
Temporarily Rstr Net Assets$119,547$583,547▲ $464,000
Total Net Assets Fund Balance$8,029,889$9,203,452▲ $1,173,563
Total Liabilities and Net Assets / Fund Balance$9,081,720$10,059,458▲ $977,738

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,099,878$2,976,894$7,076,772
Buildings$900,964$1,080,345$1,981,309
Equipment$98,592$340,525$439,117
Other Land Buildings$195,417$242,211$437,628
Land$140,000-$140,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$7,024,823$0▲ $1,273,192-$8,147,668
2012$5,696,229$750,000▲ $707,894-$7,024,823
2011$5,471,949$400,000▼ $60,536-$5,696,229
2010$4,365,429$250,000▲ $963,977-$5,471,949
2009$3,947,004$0▲ $553,612-$4,365,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Gary Vallano Until 12014Medical DirectorPT$159,256$40,489$199,745
Karen LamoureuxCEOFT$135,751$43,320$179,071
Dr Claire Cohen Until 62014PsychiatristFT$147,462$27,680$175,142
James MeleCFOFT$117,623$40,014$157,637
Karen ShepherdCOOFT$100,981$16,427$117,408

Board Members and Trustees

NameTitle
Gerri SperlingPresident
Robert GoldVice President
Cameil WilliamsBoard Member
David MoseyBoard Member
David NicholsonBoard Member
Debbie Casini KlienBoard Member
Gloria HahnBoard Member
James IslerBoard Member
Jennifer SengBoard Member
John Rushford EsqBoard Member
Kenneth GavrityBoard Member
Lynda PetrichevichBoard Member
Michael MahoneyBoard Member
Stephen Davis JrBoard Member
Walter Reineman IiiBoard Member
Wilford PayneBoard Member
Brian FaganBoard Secretary
Jimil WilsonBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
A Martini & CompanyConstruction-$581,083
Central Maintenance & ServiceCustodial/maint. Srvs.-$149,426
Nutrition INCFood Srv. Mgmt. Srvs.-$115,609
Revenue and Support

Revenue Composition

Contributions and Grants
$1,300,263
Program Service Revenue
$8,269,243
Investment Income
$3,788
Other Revenue
$8,925
All Other Contributions
$1,068,175
Change in Net Assets
$1,173,563

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$120,914Fair Market Value
Other Non Cash Contri Table94$67,637Fair Market Value
Food Inventory1$4,371Fair Market Value
Other Non Cash Contri Table8$738Fair Market Value
Other Non Cash Contri Table4$647Face Value
Clothing and Household Goods-$100Fair Market Value
Other Non Cash Contri Table3$70Fair Market Value
Books and Publications-$25Fair Market Value
Total Noncash Contributions112$194,502-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,476,389
Revenue Not Reported on Financial Statements
$105,830
Revenue Not Reported on Form 990
$1,273,191
Other Revenue Adjustments
$105,830
Total Revenue per Audited Statements
$10,749,580
Total Revenue per Form 990
$9,582,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,537,333
Other Expenses$1,871,323
Total Fundraising Expense$95,987
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,512,904$172,010$10,615$3,695,529
Other Employee Benefits$1,032,266$97,834$2,599$1,132,699
Current Officers, Directors, Trustees, and Key Employees$675,234$223,505-$898,739
Fees for Services Other$618,399$36,758$6,234$661,391
Depreciation Depletion$522,839--$522,839
Payroll Taxes$424,637$40,101$1,076$465,814
Pension Plan Contributions$314,094$29,662$796$344,552
Occupancy$134,229$3,538$67,726$205,493
Office Expenses$155,122$8,837$4,441$168,400
Information Technology$146,277$4,062$2,313$152,652
Insurance$60,753--$60,753
Conferences and Meetings$27,390$2,432$187$30,009
Fees for Services Accounting$680$26,010-$26,690
Fees for Services Legal-$17,589-$17,589
Advertising-$9,790-$9,790
Interest$9,735--$9,735
Other Expenses$5,604--$5,604
Travel$378--$378
Total Functional Expenses$7,640,541$672,128$95,987$8,408,656

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,453,173
Expenses per Audited Statements$8,408,656
Total Expenses per Form 990$8,408,656
Expenses Not Reported on Form 990$44,517
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,116
Fundraising Direct Expenses$4,691
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$134,683$13,116$4,241$8,875
Total Events$134,683$13,116$4,691$8,425
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$6,702
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Form 990 prepared by an independent accountant. The form is reviewed in detail by the cfo and controller. The board of directors then reviews the form prior to filing.

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

Each director completes an annual disclosure statement. A supplementary statement is filed if any changes occur during the year. The ceo reviews each disclosure statement upon receipt and from time to time as warranted by the circumstances. If upon such review, the ceo discovers an actual or potential conflict of interest, he/she notifies the chairperson of the conflicts committee (appointed annually by the president of the board of directors) in order that further investigations and review may occur. The committee makes a referral to the board, and the board makes the final determination of whether a conflict exists and what action should be taken.

Form 990, Part VI, Section B, Line 15

Annually, the board of directors conducts a performance review of the ceo. The salary of the position is determined in reference to the annual review and is included in the agency budget that is subsequently appproved by the board of directors in may of each year. The salaries of other employees, including key employees, is set by the ceo.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
25-1186708
Phone
4122441900

Signing Officer

Name
Karen Lamoureux
Title
CEO
Phone
4122441900
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Lamoureux
Formed
1967
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
172
Volunteers
122

Preparer

Preparer
Elizabeth E Krisher
Phone
4124715500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Consolidated financial statements-revenue pace school endowment (25-1432157) 569,037. Consolidated financial statements-unrealized gain pace endowment(25-1432157) 704,154.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expense (netted with revenue on 990) -4,691. Transfer from pace school endowment (inter-entity transfer) 110,521.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses on afs reported on pace school endowment (25-1432157) 39,826. Special event expense (netted with revenue on 990) 4,691. Transfer from pace school to endowment (25-1432157)

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IRS990/ActivityOrMissionDesc0PACE SCHOOL IS A PLACEMENT OPTION FOR SCHOOL DISTRICTS IN ALLEGHENY AND SURROUNDING COUNTIES AND SERVES CHILDREN, KINDERGARTEN THROUGH NINTH GRADE, WITH EMOTIONAL CHALLENGES OR AUTISM.
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IRS990/Desc0PACE ENCOMPASSES A VARIETY OF SERVICES UNDER ITS UMBRELLA. THE LARGEST SERVICE IS THE APPROVED PRIVATE SCHOOL PROGRAM. THE APS IS A LICENSED PRIVATE SPECIAL EDUCATION SCHOOL WHICH HAS BEEN "APPROVED" BY THE PA DEPARTMENT OF EDUCATION TO SERVE STUDENTS WITH EMOTIONAL DISTURBANCE AND AUTISM. STUDENTS REFERRED TO PACE'S APPROVED PRIVATE SCHOOL HAVE COMPLEX EMOTIONAL AND BEHAVIORAL DISORDERS THAT COMPLICATE THEIR EDUCATIONAL SUCCESS AND IMPAIR THEIR DEVELOPMENT AND FUNCTIONING. FOR THIS REASON, PACE ALSO PROVIDES A PARTIAL HOSPITALIZATION PROGRAM. THE PHP IS AN INTENSIVE SERVICE DELIVERY MODEL THAT PROVIDES MENTAL AND BEHAVIORAL HEALTH SERVICES FULLY INTEGRATED INTO THE SPECIAL EDUCATION PROGRAM. STUDENTS IN THE SCHOOL BASED PARTIAL HOSPITALIZATION PROGRAM HAVE CHRONIC PSYCHIATRIC NEEDS AND THIS SERVICE MODEL ALLOWS THEM TO RECEIVE INTERVENTIONS TAILORED TO THEIR CHANGING NEEDS.PACE ALSO INCLUDES A PRIVATE SCHOOL PROGRAM, PACE LEARNING CENTER, LOCATED IN VALENCIA PENNSYLVANIA. THE PROGRAM PROVIDES INTENSIVE SPECIAL EDUCATION SERVICES AND BEHAVIORAL INTERVENTIONS FOR STUDENTS WITH OR WITHOUT SPECIAL EDUCATION DESIGNATION. AND FINALLY, PACE SCHOOL PROVIDES COMMUNITY BASED PROGRAMS WITH PUBLIC SCHOOL SETTINGS INCLUDING AN INTENSIVE AUTISM SUPPORT CLASSROOM HOUSED IN THE MOON AREA SCHOOL DISTRICT ELEMENTARY SCHOOL AND TRAINING AND CONSULTATION SERVICES FOR EDUCATORS AND MENTAL HEALTH PROFESSIONALS. IN ALL ITS PROGRAMS, PACE PROVIDES EDUCATIONAL AND THERAPEUTIC SERVICES THAT ENABLE ANY CHILD TO THRIVE. WE TEACH CHILDREN TO BREAK THROUGH THE SOCIAL AND EMOTIONAL BARRIERS TO SCHOOL SUCCESS.
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