Civic Intelligence

Pace School

990 • Fiscal year 2018 • EIN 25-1186708

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 02, 2018

2432 Greensburg PikePittsburgh, PA 15221

(412) 244-1900

Siviq Scores

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

Liabilities / Assets

39th percentile

0.08x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.08x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

19th percentile

-9.0%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$164,841

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

12th percentile

-9.2%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.8%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,259,527

Down $834,546 (-9.2%) from 2017

Net Assets

Down

$7,581,669

Down $760,047 (-9.1%) from 2017

Liabilities

Down

$677,858

Down $74,499 (-9.9%) from 2017

Revenue

Up

$8,399,596

Up $65,799 (+0.8%) from 2017

Expenses

Up

$9,159,643

Up $1,448,249 (+19%) from 2017

Net Income

Down

-$760,047

Down $1,382,450 (-222%) from 2017

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

2018

Assets$8,259,527
Liabilities$677,858
Net Assets$7,581,669

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

2018

Revenue$8,399,596
Expenses$9,159,643
Net Income-$760,047
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$8,418,275
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$5,343,844$4,851,170▼ $492,674
Savings and Temporary Cash Investments$3,345,206$2,956,387▼ $388,819
Accounts Receivable$116,470$149,487▲ $33,017
Prepaid Expenses and Deferred Charges$112,933$109,625▼ $3,308
Cash and Non-Interest-Bearing Accounts$40,216$39,288▼ $928
Total Assets$9,094,073$8,259,527▼ $834,546
Other Assets Total$135,404$153,570▲ $18,166
Liabilities
Accounts Payable and Accrued Expenses$616,053$521,788▼ $94,265
Deferred Revenue$136,304$156,070▲ $19,766
Total Liabilities$752,357$677,858▼ $74,499
Net Assets / Fund Balance
Unrestricted Net Assets$8,004,316$7,564,066▼ $440,250
Temporarily Rstr Net Assets$337,400$17,603▼ $319,797
Total Net Assets Fund Balance$8,341,716$7,581,669▼ $760,047
Total Liabilities and Net Assets / Fund Balance$9,094,073$8,259,527▼ $834,546

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,742,435$4,842,335$8,584,770
Buildings$584,188$1,397,121$1,981,309
Equipment$150,698$182,951$333,649
Other Land Buildings$51,849$277,140$328,989
Land$322,000-$322,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$10,498,236$1,100,000▲ $1,029,283-$12,444,192
2016$9,286,429-▲ $1,387,912-$10,498,236
2015$9,080,042$400,000▼ $39,234-$9,286,429
2014$8,147,668$700,000▲ $372,661-$9,080,042
2013$7,024,823-▲ $1,273,192-$8,147,668
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen ShepherdCEOFT$142,159$22,682$164,841
James MeleCFOFT$130,662$32,802$163,464

Board Members and Trustees

NameTitle
Cameil WilliamsPresident
Brett FulesdayBoard Member
Brian FaganBoard Member
Christopher MillardBoard Member
David MoseyBoard Member
Debbi Casini KleinBoard Member
Erika KestenbergBoard Member
Erin HollandBoard Member
Gerri SperlingBoard Member
James IslerBoard Member
Jim EarleBoard Member
John RushfordBoard Member
Lynda PetrichevichBoard Member
Matthew HelfrichBoard Member
Megan GuidiBoard Member
Robert GoldBoard Member
Shannon KochBoard Member
Shawntae SpencerBoard Member
Walter ReinemanBoard Member
David ThompsonSecretary
Jennifer SengSecretary
Jimil WilsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Noralco CorporationDemolition1920 LINCOLN ROAD, Pittsburgh, PA 15235$237,355
Robert J Algaier MdSchool Psychiatrist248 VEE LYNN DRIVE, Pittsburgh, PA 15228$186,700
Central Maintenance & ServiceCustodial/maint. Srvs.PO BOX 44081, Pittsburgh, PA 15025$164,598
Revenue and Support

Revenue Composition

Contributions and Grants
$250,981
Program Service Revenue
$8,145,128
Investment Income
$17,246
Other Revenue
$-13,759
All Other Contributions
$84,604
Change in Net Assets
$-760,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,284,471
Revenue Not Reported on Financial Statements
$115,125
Revenue Not Reported on Form 990
$1,029,283
Other Revenue Adjustments
$115,125
Total Revenue per Audited Statements
$9,313,754
Total Revenue per Form 990
$8,399,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,718,469
Other Expenses$2,341,174
Grants and Similar Amounts Paid$1,100,000
Total Fundraising Expense$22,113
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,096,335$170,818$9,948$3,277,101
Grants to Domestic Orgs$1,100,000--$1,100,000
Fees for Services Other$984,231$45,431$258$1,029,920
Other Employee Benefits$848,612$80,844$3,299$932,755
Current Officers, Directors, Trustees, and Key Employees$618,076$186,039-$804,115
Depreciation Depletion$632,638--$632,638
Payroll Taxes$392,147$37,675$1,050$430,872
Pension Plan Contributions$249,033$23,926$667$273,626
Office Expenses$202,406$11,044$4,624$218,074
Information Technology$156,451$3,908$1,997$162,356
Occupancy$119,748--$119,748
Insurance$57,219--$57,219
Conferences and Meetings$47,376$2,005$270$49,651
Fees for Services Accounting$680$28,368-$29,048
Other Expenses$18,427$5,013-$23,440
Fees for Services Legal-$18,743-$18,743
Travel$337--$337
Total Functional Expenses$8,523,716$613,814$22,113$9,159,643

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,159,643
Total Expenses per Audited Statements$8,127,845
Expenses per Audited Statements$8,059,643
Expenses Not Reported on Financial Statements$1,100,000
Other Expense Adjustments$1,100,000
Expenses Not Reported on Form 990$68,202
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pace School Endowment FundPittsburg, PA503(c)(3)To Fund the Pace School Endowment$1,100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,679
Fundraising Gross Income$4,730
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste for Pace$33,536$4,730-$4,730
Total Events$33,536$4,730$16,536$-11,806
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
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 11B

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

Filer Name
Pace School
EIN
25-1186708
Phone
4122441900
Address
2432 GREENSBURG PIKE, PITTSBURGH, PA 15221

Signing Officer

Name
Karen Shepherd
Title
CEO
Phone
4122441900
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Shepherd
Formed
1967
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
21
Employees
146
Volunteers
42

Preparer

Firm
MAHER DUESSEL CPA'S
Address
503 MARTINDALE STREET SUITE 600, PITTSBURGH, PA 15212
Preparer
Elizabeth E Krisher
Phone
4124715500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other consulting and professional services: program service expenses 674,632. Management and general expenses 17,623. Fundraising expenses 258. Total expenses 692,513. Contracted maintenance services: program service expenses 309,599. Management and general expenses 0. Fundraising expenses 0. Total expenses 309,599. Contracted payroll services: program service expenses 0. Management and general expenses 27,808. Fundraising expenses 0. Total expenses 27,808.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Consolidated financial statements-revenue pace school endowment (25-1432157) 694,301. Consolidated financial statements-unrealized gain pace endowment(25-1432157) 334,982.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expense (netted with revenue on 990) -18,679. Transfer from pace school endowment (inter-entity transfer) 133,804.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses on afs reported on pace school endowment (25-1432157) 49,523. Special event expense (netted with revenue on 990) 18,679.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Transfer to pace school to endowment (25-1432157) 1,100,000.

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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 SCHOOL ALSO 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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