Civic Intelligence

Paramount Education Studies Inc

990 • Fiscal year 2023 • EIN 43-1785236

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 30, 2024

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

31st percentile

0.01x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.44x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-520%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$181,995

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 171.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-9.9%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Flat

$4,927,551

Flat from 2023

Net Assets

Flat

$4,880,587

Flat from 2023

Liabilities

Flat

$46,964

Flat from 2023

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin1st percentile

Revenue

Flat

$106,245

Flat from 2023

Expenses

Flat

$658,478

Flat from 2023

Net Income

Flat

-$552,233

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth13th 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: $4,880,5872023Assets 2023: $4,927,551Liabilities 2023: $46,964Net Assets 2023: $4,880,5872023

Highlighted filing

2023

Assets$4,927,551
Liabilities$46,964
Net Assets$4,880,587
Open 2023 Filing

Operations Trend

Revenue Growth1st 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: -$552,2332023Revenue 2023: $106,245Expenses 2023: $658,478Net Income 2023: -$552,2332023

Highlighted filing

2023

Revenue$106,245
Expenses$658,478
Net Income-$552,233
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 30, 2024
Return Version
2022v5.0
Gross Receipts
$106,245
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
Savings and Temporary Cash Investments$4,355,014$3,288,222▼ $1,066,792
Land, Buildings, and Equipment, Net$555,827$1,482,352▲ $926,525
Cash and Non-Interest-Bearing Accounts$484,089$99,208▼ $384,881
Accounts Receivable$56,946$46,946▼ $10,000
Prepaid Expenses and Deferred Charges$14,223$8,323▼ $5,900
Total Assets$5,466,099$4,927,551▼ $538,548
Other Assets Total-$2,500-
Liabilities
Accounts Payable and Accrued Expenses$33,279$46,964▲ $13,685
Total Liabilities$33,279$46,964▲ $13,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,432,820$4,880,587▼ $552,233
Total Net Assets Fund Balance$5,432,820$4,880,587▼ $552,233
Total Liabilities and Net Assets / Fund Balance$5,466,099$4,927,551▼ $538,548

Asset Categories

AssetBook ValueDepreciationBasis
Land$872,688-$872,688
Equipment$457,071$40,561$497,632
Buildings$79,688$75,347$155,035
Other Land Buildings$72,905-$72,905
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dale R ClinePresidentFT$181,995$181,995
Revenue and Support

Revenue Composition

Contributions and Grants
$9,800
Program Service Revenue
$8,255
Investment Income
$88,190
Other Revenue
$0
All Other Contributions
$202
Change in Net Assets
$-552,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$501,729
Other Expenses$156,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,165$91,028-$225,193
Current Officers, Directors, Trustees, and Key Employees$96,154$96,154-$192,308
Other Employee Benefits$26,041$26,041-$52,082
Occupancy$22,237$22,237-$44,474
Depreciation Depletion$19,031$19,030-$38,061
Payroll Taxes$13,438$13,438-$26,876
Travel$10,049$10,049-$20,098
Other Expenses$9,992$9,992-$19,984
Fees for Services Accounting-$14,300-$14,300
Information Technology$4,053$4,053-$8,106
Pension Plan Contributions$2,635$2,635-$5,270
Insurance$2,037$2,038-$4,075
Fees for Services Legal-$3,600-$3,600
Office Expenses$999$999-$1,998
Interest$103$103-$206
Total Functional Expenses$342,336$316,142$0$658,478
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
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
2024-10-30
Discuss with paid preparer
No

Organization Details

Principal Officer
Dale R Cline
Formed
1997
Legal Domicile
Az
Voting Board Members
1
Independent Board Members
0
Employees
17

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

Cessation of or significant change to any program service Part III line 3

“As of the fiscal year end, the School has surrendered its charter with the Arizona Board for Charter Schools and does not intend to provide elementary school services in Peoria, Arizona in the following fiscal year.”

List of other fees for services expenses Part IX line 11G

“A total of $66,217 of other program expenses was performed by contractors.A total of $45,454 of management and general expenses was performed by contractors.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dale R Cline
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0181995
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-05-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0431785236
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum072177MNZ6
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
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Surrender of state charter
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02022-07-20
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0The School sold its interest in the campus building in Peoria in exchange for cash and discharge of bond note obligations.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Bond liabilities discharged or defeased (Part I, line 6c)
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/ExplanationTxt3As of the fiscal year end, the School has surrendered its charter with the Arizona Board for Charter Schools and does not intend to provide elementary school services in Peoria, Arizona in the following fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A total of $66,217 of other program expenses was performed by contractors.A total of $45,454 of management and general expenses was performed by contractors.
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/FormAndLineReferenceDesc3Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05466099
IRS990/TotalAssetsEOYAmt04927551
IRS990/TotalAssetsGrp/BOYAmt05466099
IRS990/TotalAssetsGrp/EOYAmt04927551
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt09800
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0316142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342336
IRS990/TotalFunctionalExpensesGrp/TotalAmt0658478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033279
IRS990/TotalLiabilitiesEOYAmt046964
IRS990/TotalLiabilitiesGrp/BOYAmt033279
IRS990/TotalLiabilitiesGrp/EOYAmt046964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05432820
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04880587
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0342336
IRS990/TotalProgramServiceRevenueAmt08255
IRS990/TotalReportableCompFromOrgAmt0181995
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106245
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05466099
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04927551
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010049
IRS990/TravelGrp/ProgramServicesAmt010049
IRS990/TravelGrp/TotalAmt020098
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0paramountacademy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Cline
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06239770614
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-30
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0850281621
ReturnHeader/PreparerPersonGrp/PhoneNum04803858357
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rob Paull
ReturnHeader/ReturnTs02024-11-11T14:46:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,927,551
Liabilities
$46,964
Net assets
$4,880,587
Revenue
$106,245
Expenses
$658,478
Net income
-$552,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.93$0.05$4.88$0.11$0.66$0.55
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
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