Civic Intelligence

Pacific Academy Foundation

990EZ • Fiscal year 2021 • EIN 81-4028514

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

4947 Alton ParkwayIrvine, CA 92604

(949) 398-5288

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

79th percentile

47%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-32%

Faster revenue growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$144,348

Up $46,079 (+47%) from 2020

Net Assets

Up

$144,348

Up $46,079 (+47%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$88,326

Down $41,589 (-32%) from 2020

Expenses

Down

$42,247

Down $25,226 (-37%) from 2020

Net Income

Down

$46,079

Down $16,363 (-26%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2019: $35,827Liabilities 2019: $0Net Assets 2019: $35,8272019Assets 2020: $98,269Liabilities 2020: $0Net Assets 2020: $98,2692020Assets 2021: $144,348Liabilities 2021: $0Net Assets 2021: $144,3482021Assets 2022: $135,138Liabilities 2022: $0Net Assets 2022: $135,1382022Assets 2023: $183,775Liabilities 2023: $0Net Assets 2023: $183,7752023Assets 2024: $190,382Liabilities 2024: $0Net Assets 2024: $190,3822024Assets 2025: $157,157Net Assets 2025: $157,1572025

Highlighted filing

2021

Assets$144,348
Liabilities$0
Net Assets$144,348

Operations Trend

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

$200K$100K$0-$100KRevenue 2019: $73,662Expenses 2019: $56,425Net Income 2019: $17,2372019Revenue 2020: $129,915Expenses 2020: $67,473Net Income 2020: $62,4422020Revenue 2021: $88,326Expenses 2021: $42,247Net Income 2021: $46,0792021Revenue 2022: $105,918Expenses 2022: $115,128Net Income 2022: -$9,2102022Revenue 2023: $79,669Expenses 2023: $31,032Net Income 2023: $48,6372023Revenue 2024: $193,306Expenses 2024: $186,699Net Income 2024: $6,6072024Revenue 2025: $162,583Expenses 2025: $195,808Net Income 2025: -$33,2252025

Highlighted filing

2021

Revenue$88,326
Expenses$42,247
Net Income$46,079
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$88,326
Mission and Program Overview

Mission

The Pacific Academy Foundation is a non-profit organization established in 2016 to help committed and talented students develop their abilities and academic skills. The Foundation provides youths, not limited to Pacific Academy students, with unique opportunities to hone their talents in performing arts and sports (such as competitions, performances, and master classes) and college preparation resources, while addressing their financial needs. The Foundation's goal is talent search and development for underserved youths from the age of 6 to 20. During the pandemic, the Foundation revised the age requirement on financial support to no age limit.

Program Services

DescriptionGrantsExpenses
Pacific Academy Foundation focuses on supporting and promoting talented youth in the arts, athletics, and academics. The scholarship is to award financial assistance to talented students. The foundation gave $26,169 scholarship to Rose Zhang in recognition of outstanding golf achievement, $2,500 to Jose Luis Alvaray in recognition of outstanding music achievement during this fiscal year. The total revenue associated with this service was $83,076.$8,653$28,669
Pacific Academy Foundation Orchestra (PAFO) did not hold any benefit concert during pandemic in this fiscal year. But PAFO worked with Music to Save Humanity on Nutcracker project (Tchaikovsky Nutcracker Overture, Pacific Academy Foundation Orchestra https://m.youtube.com/watch?feature=youtu.be&v=Dxs_fDiEHBM) and provide free online masterclasses and free coaching lessons to musicians all over the world. The total revenue associated with this service was $0.$2,925-
The Foundation organized Pacific Academy Foundation Orchestra in the summer of 2018. This Orchestra is to provide opportunities for talented young musicians to perform advanced music and reach their highest levels. There were about twenty five students in the orchestra. They conducted one major benefit concert and several free concerts to public. Through the weekly practices and meetings, the students have the opportunity to: Be coached and conducted by renowned Maestro Jorge Luis Uzctegui Attend masterclasses led by professional artists Participate in music competitions and music festivals Perform in a variety of concert venues Meet and perform with other young musicians and youth orchestras Be eligible for Pacific Academy Foundation leadership opportunities The total revenue associated with this service was $5,250 because the Orchestra didn't want to collect memebership fee during pandemic. PAFO collaborated with other nonprofit organization, such as National Arts Diversity Integration Association (NADIA) which was organized by a student to promote understanding among different cultures through music. The Foundation sponsored $2,000 to NADIA in November 2020. Also during pandemic the Foundation's conductor, coaches, and musicians did not get any compensations. They were willing to volunteer during this special period of time.-$2,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly ChuPresident & CEOPT$0--
Han-Chang ChiVice PresidentPT$0--
Ilenia Yian Chen KouSecretaryPT$0--
Shih-Hui TsengDirector-$0--
Tim ChengDirector-$0--
Umi GarrettDirector-$0--
Ysabella CalderonDirector-$0--
Brandon PaeDirector-$0--
Jia-Lan Natalie WenDirector-$0--
Filing and Contact Details

Filer

Filer Name
Pacific Academy Foundation
EIN
81-4028514
Phone
9493985288
Address
4947 Alton Parkway, Irvine, CA 92604

Signing Officer

Name
Kelly Chu
Title
President & CEO
Signed
2021-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Angela D Yu CPAA Professional Corporation
Address
29 Ensueno West, Irvine, CA 92620
Preparer
Angela D Yu CPA
Phone
7145058858
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: Rose Zhang | Donee's Address: 4947 Alton Parkway Irvine CA 92604 | Cash Amount Given: $26169

Other Expenses.1001

Advertising and Promotion $300

Other Expenses.1002

Office Expenses $314

Other Expenses.1009

Depreciation $3110

Other Expenses.1012

Insurance $625

Other Expenses.1

Outside Services $2775

Other Expenses.2

Concert $150

Other Expenses.3

License & Permits $79

Other Expenses.4

Bank Charges $10

Other Assets.1002

Furniture and Fixtures - Beginning $6354 Furniture and Fixtures - Ending $5062

Other Assets.1003

Machinery and Equipment - Beginning $11902 Machinery and Equipment - Ending $10084

Activities Not Previously Reported to the IRS

Since 2020, the world has experienced pandemic, political conflicts, extreme weather, and etc. Young generations feel lost and angry. It is sad to see the riseof Asian Hates and many violent attacks on Asians. It is of the beliefs of PacificAcademy Foundation Board members that the hatred and conflicts can be reduced if the youths have more opportunities to understand Asian cultures and more interactions with people of different backgrounds, professions and ages. Thus, PA Foundation is planning to start a new program, Pacific Academy Foundation Community Music and Culture Workshop. The PAF Music and Culture Workshop will teach music of different languages and cultures. We welcome everyone, no age limit and no audition required, to broaden their exposure. We will provide master classes, arrange guest speakers to present about arts, instruments, vocals, flower arrangements, just to name a few. We would like to extend the invitation to the community to join us and enhance culture exchange and cross-generation mutual understandings. PAF Music and Culture Workshop will be hosting two concerts per year with the choirs or combination of PAFO-choirs concerts.

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IRS990EZ/PrimaryExemptPurposeTxt0The Pacific Academy Foundation is a non-profit organization established in 2016 to help committed and talented students develop their abilities and academic skills. The Foundation provides youths, not limited to Pacific Academy students, with unique opportunities to hone their talents in performing arts and sports (such as competitions, performances, and master classes) and college preparation resources, while addressing their financial needs. The Foundation's goal is talent search and development for underserved youths from the age of 6 to 20. During the pandemic, the Foundation revised the age requirement on financial support to no age limit.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Foundation organized Pacific Academy Foundation Orchestra in the summer of 2018. This Orchestra is to provide opportunities for talented young musicians to perform advanced music and reach their highest levels. There were about twenty five students in the orchestra. They conducted one major benefit concert and several free concerts to public. Through the weekly practices and meetings, the students have the opportunity to: Be coached and conducted by renowned Maestro Jorge Luis Uzctegui Attend masterclasses led by professional artists Participate in music competitions and music festivals Perform in a variety of concert venues Meet and perform with other young musicians and youth orchestras Be eligible for Pacific Academy Foundation leadership opportunities The total revenue associated with this service was $5,250 because the Orchestra didn't want to collect memebership fee during pandemic. PAFO collaborated with other nonprofit organization, such as National Arts Diversity Integration Association (NADIA) which was organized by a student to promote understanding among different cultures through music. The Foundation sponsored $2,000 to NADIA in November 2020. Also during pandemic the Foundation's conductor, coaches, and musicians did not get any compensations. They were willing to volunteer during this special period of time.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Pacific Academy Foundation Orchestra (PAFO) did not hold any benefit concert during pandemic in this fiscal year. But PAFO worked with Music to Save Humanity on Nutcracker project (Tchaikovsky Nutcracker Overture, Pacific Academy Foundation Orchestra https://m.youtube.com/watch?feature=youtu.be&v=Dxs_fDiEHBM) and provide free online masterclasses and free coaching lessons to musicians all over the world. The total revenue associated with this service was $0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Rose Zhang | Donee's Address: 4947 Alton Parkway Irvine CA 92604 | Cash Amount Given: $26169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $314
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $3110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $625
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Concert $150
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Machinery and Equipment - Beginning $11902 Machinery and Equipment - Ending $10084
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Since 2020, the world has experienced pandemic, political conflicts, extreme weather, and etc. Young generations feel lost and angry. It is sad to see the riseof Asian Hates and many violent attacks on Asians. It is of the beliefs of PacificAcademy Foundation Board members that the hatred and conflicts can be reduced if the youths have more opportunities to understand Asian cultures and more interactions with people of different backgrounds, professions and ages. Thus, PA Foundation is planning to start a new program, Pacific Academy Foundation Community Music and Culture Workshop. The PAF Music and Culture Workshop will teach music of different languages and cultures. We welcome everyone, no age limit and no audition required, to broaden their exposure. We will provide master classes, arrange guest speakers to present about arts, instruments, vocals, flower arrangements, just to name a few. We would like to extend the invitation to the community to join us and enhance culture exchange and cross-generation mutual understandings. PAF Music and Culture Workshop will be hosting two concerts per year with the choirs or combination of PAFO-choirs concerts.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Activities Not Previously Reported to the IRS
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ReturnHeader/TaxYr02020

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