Civic Intelligence

Paramount Education Studies Inc

990 • Fiscal year 2024 • EIN 43-1785236

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-1080%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$161,913

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 248.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-39%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$4,193,625

Down $733,926 (-15%) from 2023

Net Assets

Down

$4,176,500

Down $704,087 (-14%) from 2023

Liabilities

Down

$17,125

Down $29,839 (-64%) from 2023

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin1st percentile

Revenue

Down

$65,186

Down $41,059 (-39%) from 2023

Expenses

Up

$769,273

Up $110,795 (+17%) from 2023

Net Income

Down

-$704,087

Down $151,854 (-27%) from 2023

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 2023: $4,927,551Liabilities 2023: $46,964Net Assets 2023: $4,880,5872023Assets 2024: $4,193,625Liabilities 2024: $17,125Net Assets 2024: $4,176,5002024

Highlighted filing

2024

Assets$4,193,625
Liabilities$17,125
Net Assets$4,176,500
Open 2024 Filing

Operations Trend

Revenue Growth7th 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 2024: $65,186Expenses 2024: $769,273Net Income 2024: -$704,0872024

Highlighted filing

2024

Revenue$65,186
Expenses$769,273
Net Income-$704,087
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$65,186
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$1,482,352$2,931,791▲ $1,449,439
Savings and Temporary Cash Investments$3,288,222$1,207,266▼ $2,080,956
Accounts Receivable$46,946--
Cash and Non-Interest-Bearing Accounts$99,208$43,745▼ $55,463
Prepaid Expenses and Deferred Charges$8,323$8,323→ $0
Total Assets$4,927,551$4,193,625▼ $733,926
Other Assets Total$2,500$2,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,964$17,125▼ $29,839
Total Liabilities$46,964$17,125▼ $29,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,880,587$4,176,500▼ $704,087
Total Net Assets Fund Balance$4,880,587$4,176,500▼ $704,087
Total Liabilities and Net Assets / Fund Balance$4,927,551$4,193,625▼ $733,926

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,778,993-$2,778,993
Buildings$74,520$80,515$155,035
Equipment$78,278$60,861$139,139
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dale R ClinePresidentFT$161,913$161,913
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$204
Investment Income
$64,982
Other Revenue
$0
Change in Net Assets
$-704,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$419,062
Other Expenses$350,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$100,000$100,000-$200,000
Other Salaries and Wages$90,478$90,477-$180,955
Occupancy$74,321$74,320-$148,641
Fees for Services Other$62,112$62,112-$124,224
Depreciation Depletion$12,734$12,734-$25,468
Payroll Taxes$12,471$12,471-$24,942
Travel$12,410$12,410-$24,820
Other Employee Benefits$6,583$6,582-$13,165
Information Technology$6,484$6,484-$12,968
Office Expenses$2,788$2,789-$5,577
Insurance$2,596$2,596-$5,192
Fees for Services Accounting$1,220$1,219-$2,439
Other Expenses$441$441-$882
Total Functional Expenses$384,638$384,635$0$769,273
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ciera ClineSpouse of directorWages paidNo$47,000
Josh ClineFamily of directorWages paidNo$25,065
Samuel ClineFamily of directorWages paidNo$22,680
Jacob ClineFamily of directorWages paidNo$18,000
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
Yes
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
2025-05-14
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
6

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 $62,113 of other program expenses was performed by contractors.A total of $62,112 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt047000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt125065
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt218000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt322680
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Wages paid
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Wages paid
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Wages paid
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3Wages paid
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 $62,113 of other program expenses was performed by contractors.A total of $62,112 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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04927551
IRS990/TotalAssetsEOYAmt04193625
IRS990/TotalAssetsGrp/BOYAmt04927551
IRS990/TotalAssetsGrp/EOYAmt04193625
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0384635
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0384638
IRS990/TotalFunctionalExpensesGrp/TotalAmt0769273
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046964
IRS990/TotalLiabilitiesEOYAmt017125
IRS990/TotalLiabilitiesGrp/BOYAmt046964
IRS990/TotalLiabilitiesGrp/EOYAmt017125
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04880587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04176500
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0384638
IRS990/TotalProgramServiceRevenueAmt0204
IRS990/TotalReportableCompFromOrgAmt0161913
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065186
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065186
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04927551
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04193625
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt012410
IRS990/TravelGrp/ProgramServicesAmt012410
IRS990/TravelGrp/TotalAmt024820
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0paramountacademy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Cline
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06239770614
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rob Paull
ReturnHeader/ReturnTs02025-05-14T20:39:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,193,625
Liabilities
$17,125
Net assets
$4,176,500
Revenue
$65,186
Expenses
$769,273
Net income
-$704,087
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.19$0.02$4.18$0.07$0.77$0.70
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