Civic Intelligence

Paramount Education Studies Inc

990 • Fiscal year 2022 • EIN 43-1785236

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 26, 2024

Organization Profileparamountacademy.com
7000 N Cotton Ln Unit 248Waddell, AZ 85355-8010

(602) 320-9014

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

90th percentile

56%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$177,467

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

100%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets16th percentile

Assets

Flat

$5,466,099

Flat from 2022

Net Assets

Flat

$5,432,820

Flat from 2022

Liabilities

Flat

$33,279

Flat from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin90th percentile

Revenue

Flat

$5,426,875

Flat from 2022

Expenses

Flat

$2,409,727

Flat from 2022

Net Income

Flat

$3,017,148

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th 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 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

2022

Assets$5,466,099
Liabilities$33,279
Net Assets$5,432,820
Open 2022 Filing

Operations Trend

Revenue Growth92nd 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 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

2022

Revenue$5,426,875
Expenses$2,409,727
Net Income$3,017,148
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 26, 2024
Return Version
2021v4.2
Gross Receipts
$9,355,279
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-$4,354,814-
Land, Buildings, and Equipment, Net$4,528,117$555,827▼ $3,972,290
Cash and Non-Interest-Bearing Accounts$605,123$484,289▼ $120,834
Accounts Receivable$233,248$56,946▼ $176,302
Prepaid Expenses and Deferred Charges$51,041$14,223▼ $36,818
Total Assets$6,422,815$5,466,099▼ $956,716
Other Assets Total$1,005,286--
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,756,383--
Accounts Payable and Accrued Expenses$250,760$33,279▼ $217,481
Total Liabilities$4,007,143$33,279▼ $3,973,864
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,415,483$5,432,820▲ $3,017,337
Net Assets With Donor Restrictions$189--
Total Net Assets Fund Balance$2,415,672$5,432,820▲ $3,017,148
Total Liabilities and Net Assets / Fund Balance$6,422,815$5,466,099▼ $956,716

Asset Categories

AssetBook ValueDepreciationBasis
Land$340,974-$340,974
Buildings$84,712$70,323$155,035
Other Land Buildings$72,905-$72,905
Equipment$57,236$7,524$64,760
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dale R ClinePresidentFT$177,467$177,467
Revenue and Support

Revenue Composition

Contributions and Grants
$2,488,752
Program Service Revenue
$34,027
Investment Income
$2,904,096
Other Revenue
$0
All Other Contributions
$3,171
Change in Net Assets
$3,017,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,407,521
Other Expenses$1,002,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$929,547$103,283-$1,032,830
Occupancy$347,792$38,643-$386,435
Current Officers, Directors, Trustees, and Key Employees$159,720$18,347-$178,067
Interest$121,511$13,501-$135,012
Pension Plan Contributions$85,959$9,551-$95,510
Information Technology$45,494$45,494-$90,988
Fees for Services Accounting-$65,208-$65,208
Payroll Taxes$49,262$5,474-$54,736
Depreciation Depletion$45,627$5,070-$50,697
Other Employee Benefits$41,234$5,144-$46,378
Insurance$20,992$20,991-$41,983
Fees for Services Other$15,578$15,577-$31,155
Travel$21,477--$21,477
Other Expenses$10,224$58,050-$10,224
Fees for Services Legal-$3,095-$3,095
Office Expenses$577$577-$1,154
All Other Expenses$295--$295
Total Functional Expenses$2,001,722$408,005$0$2,409,727
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--$3,725,000-

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
7000 N Cotton Ln Unit 248, Waddell, AZ 85355-8010

Signing Officer

Name
Dale R Cline
Title
President
Phone
6023209014
Signed
2024-02-26
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
23
Volunteers
5

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.”

Raw XML AppendixShowing 400 of 410 raw XML fields

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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02763805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02732366
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013010816
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt070323
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0155035
IRS990ScheduleD/EquipmentGrp/BookValueAmt057236
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07524
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064760
IRS990ScheduleD/LandGrp/BookValueAmt0340974
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0340974
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt072905
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072905
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0555827
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dale R Cline
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05305000
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Bond pool for construction of campuses
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt03725000
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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/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/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
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0paramountacademy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Cline
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06023209014
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Paramount Education Studies Inc
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0431785236
ReturnHeader/Filer/USAddress/AddressLine1Txt07000 N Cotton Ln Unit 248
ReturnHeader/Filer/USAddress/CityNm0Waddell
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd0853558010
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,466,099
Liabilities
$33,279
Net assets
$5,432,820
Revenue
$5,426,875
Expenses
$2,409,727
Net income
$3,017,148
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
2022Detailed filing. Detailed filing data is available for this year.$5.47$0.03$5.43$5.43$2.41$3.02
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