Civic Intelligence

Paramount Education Studies Inc

990 • Fiscal year 2021 • EIN 43-1785236

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

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

84th percentile

0.62x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.48x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

44th percentile

9.6%

Higher net margin than 44% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$183,014

Higher top officer pay than 73% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

29th percentile

1.6%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

7.0%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$6,422,815

Up $102,968 (+1.6%) from 2020

Net Assets

Up

$2,415,672

Up $259,421 (+12%) from 2020

Liabilities

Down

$4,007,143

Down $156,453 (-3.8%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin44th percentile

Revenue

Up

$2,710,760

Up $177,299 (+7.0%) from 2020

Expenses

Up

$2,451,339

Up $33,467 (+1.4%) from 2020

Net Income

Up

$259,421

Up $143,832 (+124%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2021

Assets$6,422,815
Liabilities$4,007,143
Net Assets$2,415,672
Open 2021 Filing

Operations Trend

Revenue Growth43rd 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

2021

Revenue$2,710,760
Expenses$2,451,339
Net Income$259,421
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.1
Gross Receipts
$2,710,760
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$4,691,315$4,528,117▼ $163,198
Cash and Non-Interest-Bearing Accounts$600,209$605,123▲ $4,914
Accounts Receivable$114,657$233,248▲ $118,591
Prepaid Expenses and Deferred Charges$23,499$51,041▲ $27,542
Total Assets$6,319,847$6,422,815▲ $102,968
Other Assets Total$890,167$1,005,286▲ $115,119
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,003,522$3,756,383▼ $247,139
Accounts Payable and Accrued Expenses$160,074$250,760▲ $90,686
Total Liabilities$4,163,596$4,007,143▼ $156,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,092,993$2,415,483▲ $322,490
Net Assets With Donor Restrictions$63,258$189▼ $63,069
Total Net Assets Fund Balance$2,156,251$2,415,672▲ $259,421
Total Liabilities and Net Assets / Fund Balance$6,319,847$6,422,815▲ $102,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,218,141$2,137,555$5,355,696
Land$1,151,872-$1,151,872
Equipment$85,198$465,140$550,338
Other Land Buildings$72,906-$72,906
Other Assets Org$1,005,286--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale R ClinePresidentFT$173,066$9,948$183,014
Revenue and Support

Revenue Composition

Contributions and Grants
$2,598,053
Program Service Revenue
$112,707
Investment Income
$0
Other Revenue
$0
All Other Contributions
$27,761
Change in Net Assets
$259,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,710,760
Total Revenue per Audited Statements
$2,710,760
Total Revenue per Form 990
$2,710,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,403,765
Other Expenses$1,047,574
Total Fundraising Expense$21,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$748,492$227,600$9,305$985,397
Payroll Taxes$165,413$50,329$2,026$217,768
Current Officers, Directors, Trustees, and Key Employees$152,373$46,498$1,729$200,600
Interest$146,557$44,591$1,795$192,943
Depreciation Depletion$138,856$42,249$1,701$182,806
Occupancy$108,210$32,924$1,325$142,459
Other Expenses$72,154$49,925$1,346$123,425
Fees for Services Other$34,798$35,871-$70,669
All Other Expenses$42,394$12,900$519$55,813
Fees for Services Accounting-$23,000-$23,000
Fees for Services Legal-$10,105-$10,105
Total Functional Expenses$1,810,527$619,322$21,490$2,451,339

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,451,339
Total Expenses per Audited Statements$2,451,339
Total Expenses per Form 990$2,451,339
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----

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested in GIC
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
2022-05-13
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
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt04528117
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01005286
IRS990ScheduleD/TotalExpensesPerForm990Amt02451339
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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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/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
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0paramountacademy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Cline
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06239770614
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Paramount Education Studies Inc
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0431785236
ReturnHeader/Filer/USAddress/AddressLine1Txt011039 W Olive Ave
ReturnHeader/Filer/USAddress/CityNm0Peoria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085345
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472450259
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rob Paull CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011811 N Tatum Blvd Ste 3031
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Phoenix
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,422,815
Liabilities
$4,007,143
Net assets
$2,415,672
Revenue
$2,710,760
Expenses
$2,451,339
Net income
$259,421
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
2021Detailed filing. Detailed filing data is available for this year.$6.42$4.01$2.42$2.71$2.45$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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