Civic Intelligence

Pace Career Academy

990 • Fiscal year 2015 • EIN 37-1645637

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 22, 2016

65 Pinewood RoadAllenstown, NH 03275

(603) 210-2431

Siviq Scores

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

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

97th percentile

$78,515

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

$158,281

No earlier filing loaded for comparison.

Net Assets

$118,663

No earlier filing loaded for comparison.

Liabilities

$39,618

No earlier filing loaded for comparison.

Revenue

$368,421

No earlier filing loaded for comparison.

Expenses

$459,441

No earlier filing loaded for comparison.

Net Income

-$91,020

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.

$2.0M$1.5M$1.0M$500K$0Assets 2015: $158,281Liabilities 2015: $39,618Net Assets 2015: $118,6632015Assets 2016: $82,843Liabilities 2016: $28,010Net Assets 2016: $54,8332016Assets 2017: $92,230Liabilities 2017: $40,000Net Assets 2017: $52,2302017Assets 2018: $121,236Liabilities 2018: $41,176Net Assets 2018: $80,0602018Assets 2019: $1,426,489Liabilities 2019: $1,267,935Net Assets 2019: $158,5542019Assets 2020: $1,575,979Liabilities 2020: $1,319,649Net Assets 2020: $256,3302020Assets 2021: $1,549,092Liabilities 2021: $1,088,926Net Assets 2021: $460,1662021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2015

Assets$158,281
Liabilities$39,618
Net Assets$118,663

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $368,421Expenses 2015: $459,441Net Income 2015: -$91,0202015Revenue 2016: $359,352Expenses 2016: $423,182Net Income 2016: -$63,8302016Revenue 2017: $501,918Expenses 2017: $504,521Net Income 2017: -$2,6032017Revenue 2018: $542,504Expenses 2018: $541,341Net Income 2018: $1,1632018Revenue 2019: $649,443Expenses 2019: $570,949Net Income 2019: $78,4942019Revenue 2020: $795,130Expenses 2020: $697,354Net Income 2020: $97,7762020Revenue 2021: $1,073,428Expenses 2021: $885,504Net Income 2021: $187,9242021Revenue 2022: $157,702Expenses 2022: $335,455Net Income 2022: -$177,7532022

Highlighted filing

2015

Revenue$368,421
Expenses$459,441
Net Income-$91,020
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 22, 2016
Return Version
2014v6.0
Gross Receipts
$368,421
Mission and Program Overview

Mission

Pace career academy serves to provide education to those students who have struggled in more traditional school structures by offering a highly personalized education focused on personal development, core academics, and career experience, leading to a high school degree. Pace is dedicated to allowing students to partner in the design of their academic, career, and personal growth paths with a goal of becoming an essential part of their community, family, and world of work.

Pace career academy serves to provide education to those students who have struggled in more traditional school structures by offering a highly personalized education focused on personal development, core academics, and career experience, leading to a high school degree.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,059$102,977▼ $39,082
Pledges and Grants Receivable$58,058$31,061▼ $26,997
Land, Buildings, and Equipment, Net$38,201$20,236▼ $17,965
Prepaid Expenses and Deferred Charges$11,628$4,007▼ $7,621
Accounts Receivable$221--
Total Assets$250,167$158,281▼ $91,886
Liabilities
Other Liabilities$26,888$37,586▲ $10,698
Deferred Revenue$13,596--
Accounts Payable and Accrued Expenses-$2,032-
Total Liabilities$40,484$39,618▼ $866
Net Assets / Fund Balance
Unrestricted Net Assets$209,683$118,663▼ $91,020
Total Net Assets Fund Balance$209,683$118,663▼ $91,020
Total Liabilities and Net Assets / Fund Balance$250,167$158,281▼ $91,886

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,236$59,256$79,492
Leasehold Improvements-$325$325
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin CastleDirectorFT$64,315$14,200$78,515

Board Members and Trustees

NameTitle
Clinton HansonChairman
Michael ReardonVice Chairma
Corrinne MccurdyBoard Member
Thomas GilliganBoard Member
Tim HebertBoard Member
Janna CulbersonTrustee
Karen GuerciaTrustee
Gene CalvanoMember-at-la
Janet SurakMember-at-la
Zack ComeStudent Rep
Revenue and Support

Revenue Composition

Contributions and Grants
$17,428
Program Service Revenue
$347,453
Investment Income
$0
Other Revenue
$3,540
All Other Contributions
$2,093
Change in Net Assets
$-91,020

Audited Revenue Reconciliation

Revenue per Audited Statements
$368,421
Total Revenue per Audited Statements
$368,421
Total Revenue per Form 990
$368,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$334,206
Other Expenses$125,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,259$29,880-$197,139
Current Officers, Directors, Trustees, and Key Employees-$64,315-$64,315
Other Employee Benefits$30,049$23,400-$53,449
All Other Expenses$9,738$11,238-$20,976
Payroll Taxes$12,349$6,954-$19,303
Occupancy$11,495$7,663-$19,158
Fees for Services Accounting-$18,575-$18,575
Depreciation Depletion$11,084$7,389-$18,473
Other Expenses$9,981$7,363-$7,363
Interest-$1,433-$1,433
Fees for Services Legal-$268-$268
Conferences and Meetings$266--$266
Total Functional Expenses$280,963$178,478$0$459,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$459,441
Total Expenses per Audited Statements$459,441
Total Expenses per Form 990$459,441
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$23,100
Capital Lease Obligation$7,962
Payroll Liabilities$6,524
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 4

Bylaws were updated and filed with the state of new hampshire to reflect a changein the number of members of the board of trustees from nine (9) regular board members to ten (10) regular board members and one student representative.

Form 990, Page 6, Part VI, Line 11B

Copies of the form 990 are given to the finance committee for review

Form 990, Page 6, Part VI, Line 12C

The board of trustees review each member's conflict of interest status yearly at the december board meeting

Form 990, Page 6, Part VI, Line 15A

Compensation for the director is approved by the board of trustees

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Pace Career Academy
EIN
37-1645637
Phone
6032102431
Address
65 PINEWOOD ROAD, ALLENSTOWN, NH 03275

Signing Officer

Name
Clint Hanson
Title
Chairman
Phone
6032102431
Signed
2016-03-22

Organization Details

Principal Officer
Martin Castle
Formed
2011
Legal Domicile
Nh
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Plodzik & Sanderson Professional Assn
Address
193 NORTH MAIN STREET, CONCORD, NH 03301
Preparer
James a Sojka
Phone
6032256996
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Pace career academy serves to provide education to those students who have struggled in more traditional school structures by offering a highly personalized education focused on personal development, core academics, and career experience, leading to a high school degree.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt232494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt329294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt427587
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0199455
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0119667
IRS990/PYOtherRevenueAmt05670
IRS990/PYProgramServiceRevenueAmt0277560
IRS990/PYRevenuesLessExpensesAmt0106485
IRS990/PYSalariesCompEmpBnftPaidAmt0256533
IRS990/PYTotalExpensesAmt0376200
IRS990/PYTotalRevenueAmt0482685
IRS990/ReconcilationRevenueExpnssAmt0-91020
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0347453
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt020236
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079492
IRS990ScheduleD/ExpensesSubtotalAmt0459441
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0325
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0368421
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020236
IRS990ScheduleD/TotalExpensesPerForm990Amt0459441
IRS990ScheduleD/TotalLiabilityAmt037586
IRS990ScheduleD/TotalRevenuePerForm990Amt0368421
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0368421
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459441
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICIZED IN POSTERS AND THE SCHOOL HANDBOOK
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL ADMINISTERS STATE AND SCHOOL DISTRICT ASSISTANCE ON BEHALF OF THE STUDENTS FROM PEMBROKE, ALLENSTOWN, CHICHESTER, EPSOM, DEERFIELD, AND OTHER REGIONAL SCHOOL DISTRICTS, LEADING TO A HIGH SCHOOL DEGREE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PACE CAREER ACADEMY SERVES TO PROVIDE EDUCATION TO THOSE STUDENTS WHO HAVE STRUGGLED IN MORE TRADITIONAL SCHOOL STRUCTURES BY OFFERING A HIGHLY PERSONALIZED EDUCATION FOCUSED ON PERSONAL DEVELOPMENT, CORE ACADEMICS, AND CAREER EXPERIENCE, LEADING TO A HIGH SCHOOL DEGREE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BYLAWS WERE UPDATED AND FILED WITH THE STATE OF NEW HAMPSHIRE TO REFLECT A CHANGEIN THE NUMBER OF MEMBERS OF THE BOARD OF TRUSTEES FROM NINE (9) REGULAR BOARD MEMBERS TO TEN (10) REGULAR BOARD MEMBERS AND ONE STUDENT REPRESENTATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE FORM 990 ARE GIVEN TO THE FINANCE COMMITTEE FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES REVIEW EACH MEMBER'S CONFLICT OF INTEREST STATUS YEARLY AT THE DECEMBER BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE DIRECTOR IS APPROVED BY THE BOARD OF TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0250167
IRS990/TotalAssetsEOYAmt0158281
IRS990/TotalAssetsGrp/BOYAmt0250167
IRS990/TotalAssetsGrp/EOYAmt0158281
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017428
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0178478
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280963
IRS990/TotalFunctionalExpensesGrp/TotalAmt0459441
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040484
IRS990/TotalLiabilitiesEOYAmt039618
IRS990/TotalLiabilitiesGrp/BOYAmt040484
IRS990/TotalLiabilitiesGrp/EOYAmt039618
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0209683
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118663
IRS990/TotalOtherCompensationAmt014200
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt048331
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt048331
IRS990/TotalProgramServiceExpensesAmt0280963
IRS990/TotalProgramServiceRevenueAmt0347453
IRS990/TotalReportableCompFromOrgAmt064315
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0350993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0368421
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0250167
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158281
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0209683
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0118663
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 RIVERSIDE FARM DRIVE
IRS990/USAddress/CityNm0LEE
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003861
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.PACECAREERACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CLINT HANSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06032102431
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACE CAREER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PACE
ReturnHeader/Filer/EIN0371645637
ReturnHeader/Filer/PhoneNum06032102431
ReturnHeader/Filer/USAddress/AddressLine1Txt065 PINEWOOD ROAD

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