Civic Intelligence

Paramount Education Studies Inc

990 • Fiscal year 2020 • EIN 43-1785236

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

Organization Profileparamountacademy.com
11039 W Olive AvePeoria, AZ 85345

(623) 977-0614

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.66x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.64x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

50th percentile

4.6%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$172,574

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

17th percentile

-3.1%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-13%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$6,319,847

Down $205,441 (-3.1%) from 2019

Net Assets

Up

$2,156,251

Up $58,381 (+2.8%) from 2019

Liabilities

Down

$4,163,596

Down $263,822 (-6.0%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin50th percentile

Revenue

Down

$2,533,461

Down $374,396 (-13%) from 2019

Expenses

Down

$2,417,872

Down $270,357 (-10%) from 2019

Net Income

Down

$115,589

Down $104,039 (-47%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,292,021Liabilities 2011: $3,492,981Net Assets 2011: $799,0402011Assets 2012: $4,477,229Liabilities 2012: $3,408,358Net Assets 2012: $1,068,8712012Assets 2013: $6,739,874Liabilities 2013: $5,772,510Net Assets 2013: $967,3642013Assets 2014: $6,546,315Liabilities 2014: $5,556,645Net Assets 2014: $989,6702014Assets 2015: $6,436,354Liabilities 2015: $5,366,460Net Assets 2015: $1,069,8942015Assets 2016: $6,544,047Liabilities 2016: $5,096,242Net Assets 2016: $1,447,8052016Assets 2017: $6,252,874Liabilities 2017: $4,637,573Net Assets 2017: $1,615,3012017Assets 2018: $6,157,437Liabilities 2018: $4,393,723Net Assets 2018: $1,763,7142018Assets 2019: $6,525,288Liabilities 2019: $4,427,418Net Assets 2019: $2,097,8702019Assets 2020: $6,319,847Liabilities 2020: $4,163,596Net Assets 2020: $2,156,2512020Assets 2021: $6,422,815Liabilities 2021: $4,007,143Net Assets 2021: $2,415,6722021Assets 2022: $5,466,099Liabilities 2022: $33,279Net Assets 2022: $5,432,8202022Assets 2023: $4,927,551Liabilities 2023: $46,964Net Assets 2023: $4,880,5872023

Highlighted filing

2020

Assets$6,319,847
Liabilities$4,163,596
Net Assets$2,156,251
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,340,533Expenses 2011: $2,373,747Net Income 2011: -$33,2142011Revenue 2012: $2,760,748Expenses 2012: $2,490,917Net Income 2012: $269,8312012Revenue 2013: $2,700,114Expenses 2013: $2,682,723Net Income 2013: $17,3912013Revenue 2014: $2,579,554Expenses 2014: $2,520,532Net Income 2014: $59,0222014Revenue 2015: $2,603,868Expenses 2015: $2,523,644Net Income 2015: $80,2242015Revenue 2016: $2,962,934Expenses 2016: $2,570,668Net Income 2016: $392,2662016Revenue 2017: $2,790,904Expenses 2017: $2,582,467Net Income 2017: $208,4372017Revenue 2018: $2,881,818Expenses 2018: $2,733,405Net Income 2018: $148,4132018Revenue 2019: $2,907,857Expenses 2019: $2,688,229Net Income 2019: $219,6282019Revenue 2020: $2,533,461Expenses 2020: $2,417,872Net Income 2020: $115,5892020Revenue 2021: $2,710,760Expenses 2021: $2,451,339Net Income 2021: $259,4212021Revenue 2022: $5,426,875Expenses 2022: $2,409,727Net Income 2022: $3,017,1482022Revenue 2023: $106,245Expenses 2023: $658,478Net Income 2023: -$552,2332023

Highlighted filing

2020

Revenue$2,533,461
Expenses$2,417,872
Net Income$115,589
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.1
Gross Receipts
$2,541,530
Mission and Program Overview

Mission

Organized to operate a charter school in Arizona. Prepares all students with authentic skills necessary for a meaningful and successful life. Aligned with AZ state standards and measure student progress with the AZ Instrument to Measure Standards Exam.

The Schools mission is to prepare all students with authentic skills necessary for a meaningful and successful life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,857,379$4,691,315▼ $166,064
Cash and Non-Interest-Bearing Accounts$706,746$600,209▼ $106,537
Accounts Receivable$37,667$114,657▲ $76,990
Prepaid Expenses and Deferred Charges$23,271$23,499▲ $228
Total Assets$6,525,288$6,319,847▼ $205,441
Other Assets Total$900,225$890,167▼ $10,058
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,252,368$4,003,522▼ $248,846
Accounts Payable and Accrued Expenses$175,050$160,074▼ $14,976
Total Liabilities$4,427,418$4,163,596▼ $263,822
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,097,870$2,092,993▼ $4,877
Net Assets With Donor Restrictions-$63,258-
Total Net Assets Fund Balance$2,097,870$2,156,251▲ $58,381
Total Liabilities and Net Assets / Fund Balance$6,525,288$6,319,847▼ $205,441

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,380,050$1,975,644$5,355,694
Land$1,151,872-$1,151,872
Equipment$86,487$444,245$530,732
Other Land Buildings$72,906-$72,906
Other Assets Org$890,167--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dale R ClinePresidentFT$172,574$172,574
Revenue and Support

Revenue Composition

Contributions and Grants
$2,393,033
Program Service Revenue
$133,669
Investment Income
$6,759
Other Revenue
$0
All Other Contributions
$34,893
Change in Net Assets
$115,589

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,533,461
Total Revenue per Audited Statements
$2,533,461
Total Revenue per Form 990
$2,533,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,322,005
Other Expenses$1,095,867
Total Fundraising Expense$22,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$823,089$69,246$11,034$903,369
Interest$152,455$49,870$2,044$204,369
Current Officers, Directors, Trustees, and Key Employees-$200,000-$200,000
Depreciation Depletion$134,264$43,920$1,800$179,984
Occupancy$106,767$34,925$1,431$143,123
Other Expenses$74,433$58,854$1,346$134,633
Pension Plan Contributions$70,587$32,606$1,336$104,529
Fees for Services Other$40,872$27,309-$68,181
Payroll Taxes$40,466$20,746$850$62,062
Fees for Services Accounting-$53,590-$53,590
Other Employee Benefits$52,045--$52,045
Insurance$33,204$11,307-$44,511
All Other Expenses$8,844$2,448$564$11,856
Fees for Services Legal-$3,209-$3,209
Total Functional Expenses$1,741,224$654,345$22,303$2,417,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,417,872
Total Expenses per Audited Statements$2,417,872
Total Expenses per Form 990$2,417,872
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Dev Auth of Pima Co2013-05-01$5,305,000Bond pool for construction of campuses

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,305,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Form 990 is reviewed by the board of directors and signed by the board president.”

Form 990 availability to public Part VI line 18

“The Form 990 is available to the public at the campus during normal business hours upon request.”

Governing documents etc available to public Part VI line 19

“All documents required to be made available to the public are available at the campus during normal business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Paramount Education Studies Inc
EIN
43-1785236
Address
11039 W Olive Ave, Peoria, AZ 85345

Signing Officer

Name
Dale R Cline
Title
President
Phone
6239770614
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale R Cline
Formed
1997
Legal Domicile
Az
Voting Board Members
1
Independent Board Members
0
Employees
23

Preparer

Firm
Rob Paull CPA PC
Address
11811 N Tatum Blvd Ste 3031, Phoenix, AZ 85028-1621
Preparer
Rob Paull
Phone
4803858357
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“The Organization has converted prior year balances to the accrual method used for the audited financial statements. The conversion resulted in a reduction of $57,208 at the beginning of the current fiscal year in order to match the beginning net assets balance to the prior years audited balance.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072906
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/IndependentConsultantInd0X
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05305000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Industrial Dev Auth of Pima Co
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Bond pool for construction of campuses
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt05305000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the board of directors and signed by the board president.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is available to the public at the campus during normal business hours upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents required to be made available to the public are available at the campus during normal business hours upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization has converted prior year balances to the accrual method used for the audited financial statements. The conversion resulted in a reduction of $57,208 at the beginning of the current fiscal year in order to match the beginning net assets balance to the prior years audited balance.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt02393033
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022303
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0654345
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01741224
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt04163596
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02156251
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01741224
IRS990/TotalProgramServiceRevenueAmt0133669
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02533461
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Cline
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06239770614
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Paramount Education Studies Inc

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,319,847
Liabilities
$4,163,596
Net assets
$2,156,251
Revenue
$2,533,461
Expenses
$2,417,872
Net income
$115,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.93$0.05$4.88$0.11$0.66$0.55
2022Summary only. Only limited summary data is available for this year.$5.47$0.03$5.43$5.43$2.41$3.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.42$4.01$2.42$2.71$2.45$0.26
2020Detailed filing. Detailed filing data is available for this year.$6.32$4.16$2.16$2.53$2.42$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.53$4.43$2.10$2.91$2.69$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$4.39$1.76$2.88$2.73$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.25$4.64$1.62$2.79$2.58$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.54$5.10$1.45$2.96$2.57$0.39
2015Detailed filing. Detailed filing data is available for this year.$6.44$5.37$1.07$2.60$2.52$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.55$5.56$0.99$2.58$2.52$0.06
2013Summary only. Only limited summary data is available for this year.$6.74$5.77$0.97$2.70$2.68$0.02
2012Summary only. Only limited summary data is available for this year.$4.48$3.41$1.07$2.76$2.49$0.27
2011Summary only. Only limited summary data is available for this year.$4.29$3.49$0.80$2.34$2.37$0.03