Civic Intelligence

Pace Academy Foundation

990 • Fiscal year 2024 • EIN 47-1309747

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 13, 2025

Organization Profilewww.pace-foundation.com
5241 Lincoln Ave Apt C7Cypress, CA 90630

(714) 220-9900

Siviq Scores

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

Liabilities / Assets

97th percentile

1.63x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.65x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

3rd percentile

-55%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

27%

Faster revenue growth than 71% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$307,509

Down $370,813 (-55%) from 2023

Net Assets

Down

-$192,491

Down $370,813 (-208%) from 2023

Liabilities

Flat

$500,000

Flat from 2023

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin8th percentile

Revenue

Up

$773,300

Up $164,799 (+27%) from 2023

Expenses

Up

$1,080,603

Up $236,128 (+28%) from 2023

Net Income

Down

-$307,303

Down $71,329 (-30%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2013: $7,497Liabilities 2013: $02013Assets 2014: $13,535Liabilities 2014: $02014Assets 2015: $19,866Liabilities 2015: $0Net Assets 2015: $19,8662015Assets 2016: $31,019Liabilities 2016: $0Net Assets 2016: $31,0192016Assets 2017: $31,614Liabilities 2017: $0Net Assets 2017: $31,6142017Assets 2018: $55,956Liabilities 2018: $0Net Assets 2018: $55,9562018Assets 2019: $120,040Liabilities 2019: $0Net Assets 2019: $120,0402019Assets 2020: $422,266Liabilities 2020: $150,000Net Assets 2020: $272,2662020Assets 2021: $1,288,140Liabilities 2021: $500,000Net Assets 2021: $788,1402021Assets 2022: $1,115,526Liabilities 2022: $500,000Net Assets 2022: $615,5262022Assets 2023: $678,322Liabilities 2023: $500,000Net Assets 2023: $178,3222023Assets 2024: $307,509Liabilities 2024: $500,000Net Assets 2024: -$192,4912024

Highlighted filing

2024

Assets$307,509
Liabilities$500,000
Net Assets-$192,491
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $11,400Expenses 2013: $3,903Net Income 2013: $7,4972013Revenue 2014: $10,200Expenses 2014: $4,162Net Income 2014: $6,0382014Revenue 2015: $10,600Expenses 2015: $4,269Net Income 2015: $6,3312015Revenue 2016: $15,000Expenses 2016: $3,847Net Income 2016: $11,1532016Revenue 2017: $16,000Expenses 2017: $15,405Net Income 2017: $5952017Revenue 2018: $153,525Expenses 2018: $129,183Net Income 2018: $24,3422018Revenue 2019: $359,978Expenses 2019: $295,894Net Income 2019: $64,0842019Revenue 2020: $510,224Expenses 2020: $357,998Net Income 2020: $152,2262020Revenue 2021: $1,043,054Expenses 2021: $527,174Net Income 2021: $515,8802021Revenue 2022: $821,243Expenses 2022: $994,978Net Income 2022: -$173,7352022Revenue 2023: $608,501Expenses 2023: $844,475Net Income 2023: -$235,9742023Revenue 2024: $773,300Expenses 2024: $1,080,603Net Income 2024: -$307,3032024

Highlighted filing

2024

Revenue$773,300
Expenses$1,080,603
Net Income-$307,303
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$773,300
Mission and Program Overview

Mission

Quality Christian Education and Scholarship Programs

Pace Academy Foundation provides opportunities for high-quality, Christian education to the most disadvantaged, Christian students. It also provides scholarships to Christian students so that they may continue to pursue

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$678,322$307,509▼ $370,813
Rtn Earn Endowment Incm Other Fnds-$-192,491-
Total Assets$678,322$307,509▼ $370,813
Liabilities
Unsecured Notes Loans Payable$500,000$500,000→ $0
Total Liabilities$500,000$500,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$178,322--
Total Net Assets Fund Balance$178,322$-192,491▼ $370,813
Total Liabilities and Net Assets / Fund Balance$678,322$307,509▼ $370,813
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Sung Hee YooPresident
Hee Y ParkCFO
Mi Hee HanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$773,210
Program Service Revenue
$0
Investment Income
$90
Other Revenue
$0
All Other Contributions
$773,210
Change in Net Assets
$-307,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$724,898
Other Expenses$355,705
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$724,898--$724,898
Other Expenses$36,779--$36,779
Interest-$26,472-$26,472
All Other Expenses-$11,181-$11,181
Office Expenses-$1,273-$1,273
Total Functional Expenses$1,041,677$38,926$0$1,080,603
International Activity

International Summary

Offices
1
Employees
7
Spending
$1,204,898

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram Services and GrantsScholarship Program17$1,204,898
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pace Academy Foundation
EIN
47-1309747
Phone
7142209900
Address
5241 LINCOLN AVE APT C7, CYPRESS, CA 90630

Signing Officer

Name
Sung Hee Yoo
Title
President
Phone
7142209900
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sung Hee Yoo
Formed
2013
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
United Tax and Accounting
Address
5241 LINCOLN AVE STE C2, CYPRESS, CA 90630
Preparer
Hee Y Park
Phone
7142209111
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Pace Academy Foundation provides opportunities for high-quality, Christian education to the most disadvantaged, Christian students. It also provides scholarships to Christian students so that they may continue to pursue education.”

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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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IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsBOYAmt0678322
IRS990/TotalAssetsEOYAmt0307509
IRS990/TotalAssetsGrp/BOYAmt0678322
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IRS990/TotalContributionsAmt0773210
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-192491
IRS990/TotalProgramServiceExpensesAmt0724898
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0773300
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0678322
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IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05241 LINCOLN AVE STE C2
IRS990/USAddress/CityNm0CYPRESS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090630
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.pace-foundation.com
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUNG HEE YOO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07142209900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACE ACADEMY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PACE
ReturnHeader/Filer/EIN0471309747
ReturnHeader/Filer/PhoneNum07142209900
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ReturnHeader/Filer/USAddress/CityNm0CYPRESS
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208575573
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05241 LINCOLN AVE STE C2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CYPRESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090630
ReturnHeader/PreparerPersonGrp/PhoneNum07142209111
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEE Y PARK
ReturnHeader/ReturnTs02025-11-13T01:38:29-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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
$307,509
Liabilities
$500,000
Net assets
-$192,491
Revenue
$773,300
Expenses
$1,080,603
Net income
-$307,303
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.50$0.19$0.77$1.08$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.50$0.18$0.61$0.84$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.50$0.62$0.82$0.99$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.50$0.79$1.04$0.53$0.52
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.15$0.27$0.51$0.36$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.36$0.30$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.15$0.13$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.02$0.02$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.02$0.00$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.00$0.01
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $500k-$1M nonprofits