Civic Intelligence

Pace Academy Inc.

990 • Fiscal year 2011 • EIN 58-0706812

Jul 01, 2010 to Jun 30, 2011 • Filed on May 02, 2012

966 West Paces Ferry Road NW30327-2648
Siviq Scores

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

Liabilities / Assets

48th percentile

0.35x

Higher debt load relative to assets than 48% of similar nonprofits.

2011 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

67th percentile

8.8%

Faster asset growth than 67% of similar nonprofits.

2011 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$118,997,879

Up $9,647,180 (+8.8%) from 2010

Net Assets

Up

$77,794,315

Up $9,336,508 (+14%) from 2010

Liabilities

Up

$41,203,564

Up $310,672 (+0.8%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$24,072,731

Up $2,007,003 (+9.1%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $109,350,699Liabilities 2010: $40,892,892Net Assets 2010: $68,457,8072010Assets 2011: $118,997,879Liabilities 2011: $41,203,564Net Assets 2011: $77,794,3152011Assets 2012: $133,502,634Liabilities 2012: $42,070,714Net Assets 2012: $91,431,9202012Assets 2013: $144,411,223Liabilities 2013: $40,173,263Net Assets 2013: $104,237,9602013Assets 2014: $159,524,052Liabilities 2014: $44,179,618Net Assets 2014: $115,344,4342014Assets 2015: $160,185,185Liabilities 2015: $40,245,194Net Assets 2015: $119,939,9912015Assets 2016: $140,506,293Liabilities 2016: $19,897,308Net Assets 2016: $120,608,9852016Assets 2017: $143,494,442Liabilities 2017: $20,888,202Net Assets 2017: $122,606,2402017Assets 2018: $148,605,048Liabilities 2018: $21,300,412Net Assets 2018: $127,304,6362018Assets 2019: $155,371,117Liabilities 2019: $23,674,954Net Assets 2019: $131,696,1632019Assets 2020: $185,935,585Liabilities 2020: $41,459,020Net Assets 2020: $144,476,5652020Assets 2021: $209,472,717Liabilities 2021: $46,802,960Net Assets 2021: $162,669,7572021Assets 2022: $205,828,647Liabilities 2022: $42,871,448Net Assets 2022: $162,957,1992022Assets 2023: $203,015,729Liabilities 2023: $36,711,925Net Assets 2023: $166,303,8042023Assets 2024: $207,548,449Liabilities 2024: $32,934,407Net Assets 2024: $174,614,0422024

Highlighted filing

2011

Assets$118,997,879
Liabilities$41,203,564
Net Assets$77,794,315

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $22,065,7282010Expenses 2011: $24,072,7312011Expenses 2012: $25,246,2102012Revenue 2013: $39,443,487Expenses 2013: $27,183,034Net Income 2013: $12,260,4532013Revenue 2014: $34,413,461Expenses 2014: $27,421,341Net Income 2014: $6,992,1202014Revenue 2015: $35,087,335Expenses 2015: $30,110,910Net Income 2015: $4,976,4252015Revenue 2016: $33,634,402Expenses 2016: $31,362,846Net Income 2016: $2,271,5562016Revenue 2017: $36,116,088Expenses 2017: $32,812,278Net Income 2017: $3,303,8102017Revenue 2018: $37,440,227Expenses 2018: $33,983,240Net Income 2018: $3,456,9872018Revenue 2019: $38,183,357Expenses 2019: $36,410,877Net Income 2019: $1,772,4802019Revenue 2020: $47,968,638Expenses 2020: $35,876,079Net Income 2020: $12,092,5592020Revenue 2021: $44,702,216Expenses 2021: $37,000,390Net Income 2021: $7,701,8262021Revenue 2022: $52,734,440Expenses 2022: $41,819,272Net Income 2022: $10,915,1682022Revenue 2023: $44,552,991Expenses 2023: $45,694,119Net Income 2023: -$1,141,1282023Revenue 2024: $52,814,396Expenses 2024: $49,384,115Net Income 2024: $3,430,2812024

Highlighted filing

2011

Revenue-
Expenses$24,072,731
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 2, 2012
Return Version
2010v3.4
Gross Receipts
$33,161,684
Mission and Program Overview

Mission

Our mission is to create prepared, confident citizens of the world who honor the values and legacy of pace academy.

Major Activities

Activity 2
Auxillary Services-Pace serves students, faculty, and staff lunch, which aggregates over 1200 meals per day while refreshment areas are available throughout the campus. Pace has a Campus Store, which is open on regular school days, Monday through Friday, 10 a.m.-3 p.m. and irregular hours throughout the summer. The store offers online textbook purchasing and features a variety of Pace apparel, including NIKE and Under Armour, Pace accessories, PE and dress uniforms, school supplies, and novelty and holiday items.
Activity 3
Student Activities - Pace consistently produces championship teams and All-state, All-American and Academic All-American athletes. 84 percent of Middle and Upper School students participate in at least one sports team. Pace's players are recruited by powerhouse colleges, and the school's graduates have gone on to play for teams ranging from NCAA Division I schools to the Chicago Cubs. Pace claims more than 54 state championships.On their main campus, Pace's facilities include the state-of-the-art Inman Center gymnasium, a natatorium, an indoor jogging and walking track, a gymnastic and wrestling facility, as well as baseball and softball fields, four tennis courts, a practice field and a wellness center. The school also has athletic facilities at two satellite locations. One is an eight-acre baseball field just three miles from the main campus. The second property, six miles from campus, includes one multipurpose field for football, soccer and lacrosse; a baseball field; a 27,000-square-foot field house; and parking for 450 cars. Last year, in its second year, the football team made the regional finals.Pace was one of Atlanta's first schools to make service a graduation requirement. During the 2010-2011 school year, Upper School students performed an average of 88 hours of service hours. The school partners with nine community service agencies. During the 2010-2011 school year, the 5th grade placed 1st in the nation National WordMasters competition. The yearlong competition consisted of more than 700 teams at each grade level.
Filing and Contact Details

Filer

EIN
58-0706812
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IRS990/Activity2/Description0Auxillary Services-Pace serves students, faculty, and staff lunch, which aggregates over 1200 meals per day while refreshment areas are available throughout the campus. Pace has a Campus Store, which is open on regular school days, Monday through Friday, 10 a.m.-3 p.m. and irregular hours throughout the summer. The store offers online textbook purchasing and features a variety of Pace apparel, including NIKE and Under Armour, Pace accessories, PE and dress uniforms, school supplies, and novelty and holiday items.
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IRS990/Activity3/Description0Student Activities - Pace consistently produces championship teams and All-state, All-American and Academic All-American athletes. 84 percent of Middle and Upper School students participate in at least one sports team. Pace's players are recruited by powerhouse colleges, and the school's graduates have gone on to play for teams ranging from NCAA Division I schools to the Chicago Cubs. Pace claims more than 54 state championships.On their main campus, Pace's facilities include the state-of-the-art Inman Center gymnasium, a natatorium, an indoor jogging and walking track, a gymnastic and wrestling facility, as well as baseball and softball fields, four tennis courts, a practice field and a wellness center. The school also has athletic facilities at two satellite locations. One is an eight-acre baseball field just three miles from the main campus. The second property, six miles from campus, includes one multipurpose field for football, soccer and lacrosse; a baseball field; a 27,000-square-foot field house; and parking for 450 cars. Last year, in its second year, the football team made the regional finals.Pace was one of Atlanta's first schools to make service a graduation requirement. During the 2010-2011 school year, Upper School students performed an average of 88 hours of service hours. The school partners with nine community service agencies. During the 2010-2011 school year, the 5th grade placed 1st in the nation National WordMasters competition. The yearlong competition consisted of more than 700 teams at each grade level.
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IRS990/Description0Instruction- Pace Academy was established in 1958 as an independent college preparatory coeducational day school. In 2011, Pace had an enrollment of 1,014 students in pre-first through twelfth grades. The teachers average 16 years of teaching experience with 9 years at Pace Academy. The faculty (61 percent) hold graduate degrees, and 21 percent of Upper School faculty hold Ph.D.s. The 84 graduates of 2011 are attending 43 different colleges and universities in the United States and Canada. During the 2010-2011 school year, every senior at Pace took at least one Advanced Placement course with 82 percent scoring a 3 or higher. The average SAT score for the class was 1,295, (possible of 1,600) and 20 percent of the 2010-2011 class earned National Merit recognition. Pace is accredited by the Southern Association of Colleges and Schools and the Southern Association of Independent Schools and holds membership in the National Association of Independent Schools, the Cum Laude Society, the College Board, the Educational Records Bureau, and the National Association of College Admission Counselors. Pace Academy is one of fewer than 40 schools in the nation invited to be a Founding School Member of the Association of College Counselors in Independent Schools (ACCIS).
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IRS990/Form990PartVIISectionA/Title25Ath Director
IRS990/Form990PartVIISectionA/Title26Head of Middle School
IRS990/Form990PartVIISectionA/Title27Head of Lower School
IRS990/Form990PartVIISectionA/Title28Director of Advancement
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities01
IRS990/FundraisingDirectExpenses055867
IRS990/FundraisingEvents054550
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Other0-25006
IRS990/GainOrLoss/Securities0-78278
IRS990/Gaming00
IRS990/Grants01070734
IRS990/GrantsAndSimilarAmntsCY01070734
IRS990/GrantsAndSimilarAmntsPriorYear01140939
IRS990/GrantsToDomesticIndividuals/ProgramServices01070734
IRS990/GrantsToDomesticIndividuals/Total01070734
IRS990/GrantsToIndividuals01
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Securities05367097
IRS990/GrossIncomeFundraisingEvents094358
IRS990/GrossReceipts033161684
IRS990/GrossRents/Real050477
IRS990/GrossSalesOfInventory0178697
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/Fundraising06087
IRS990/InformationTechnology/ManagementAndGeneral058364
IRS990/InformationTechnology/ProgramServices0184422
IRS990/InformationTechnology/Total0248873
IRS990/Insurance/ManagementAndGeneral0122720
IRS990/Insurance/ProgramServices012282
IRS990/Insurance/Total0135002
IRS990/Interest/Fundraising02428
IRS990/Interest/ManagementAndGeneral052199
IRS990/Interest/ProgramServices0653322
IRS990/Interest/Total0707949
IRS990/InventoriesForSaleOrUse/BOY077974
IRS990/InventoriesForSaleOrUse/EOY085248
IRS990/InvestmentIncomeCurrentYear0660146
IRS990/InvestmentIncome/ExclusionAmount0763430
IRS990/InvestmentIncomePriorYear0147648
IRS990/InvestmentIncome/TotalRevenueColumn0763430
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY019800584
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IRS990/InvestmentsPubTradedSecurities/BOY017821119
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IRS990/InvestTaxExemptBonds00
IRS990/LandBldgEquipmentAccumDeprec021435043
IRS990/LandBuildingsEquipmentBasis072420309
IRS990/LandBuildingsEquipmentBasisNet/BOY052137140
IRS990/LandBuildingsEquipmentBasisNet/EOY050985266
IRS990/LessCostOthBasisSalesExpenses/Other025006
IRS990/LessCostOthBasisSalesExpenses/Securities05445375
IRS990/LessRentalExpenses/Real06578
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0Our mission is to create prepared, confident citizens of the world who honor the values and legacy of Pace Academy.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY050000
IRS990/MortNotesPyblSecuredInvestProp/EOY050000
IRS990/NameOfPrincipalOfficerPerson0Frederick G Assaf
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IRS990/NbrVotingGoverningBodyMembers023
IRS990/NbrVotingMembersGoverningBody023
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IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome0-103284
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0-103284
IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount038491
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn038491
IRS990/NetIncomeOrLoss/ExclusionAmount085831
IRS990/NetIncomeOrLoss/TotalRevenueColumn085831
IRS990/NetRentalIncomeOrLoss/ExclusionAmount043899
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn043899
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096038
IRS990/NumberIndependentVotingMembers023
IRS990/NumberIndividualsGT100K07
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees0363
IRS990/NumberW2GIncluded00
IRS990/OfficeExpenses/Fundraising017405
IRS990/OfficeExpenses/ManagementAndGeneral0234367
IRS990/OfficeExpenses/ProgramServices01533635
IRS990/OfficeExpenses/Total01785407

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$208$32.9$175$52.8$49.4$3.43
2023Summary only. Only limited summary data is available for this year.$203$36.7$166$44.6$45.7$1.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$206$42.9$163$52.7$41.8$10.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$209$46.8$163$44.7$37.0$7.70
2020Summary only. Only limited summary data is available for this year.$186$41.5$144$48.0$35.9$12.1
2019Summary only. Only limited summary data is available for this year.$155$23.7$132$38.2$36.4$1.77
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$149$21.3$127$37.4$34.0$3.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$20.9$123$36.1$32.8$3.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$19.9$121$33.6$31.4$2.27
2015Summary only. Only limited summary data is available for this year.$160$40.2$120$35.1$30.1$4.98
2014Detailed filing. Detailed filing data is available for this year.$160$44.2$115$34.4$27.4$6.99
2013Summary only. Only limited summary data is available for this year.$144$40.2$104$39.4$27.2$12.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$42.1$91.4$25.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$119$41.2$77.8$24.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$40.9$68.5$22.1