Civic Intelligence

Virginia Pace Authority

990EZ • Fiscal year 2023 • EIN 83-4132579

Mar 01, 2022 to Feb 28, 2023 • Filed on Mar 12, 2024

700 Tech Center Pkwy Ste 200Newport News, VA 23606

(757) 452-0873

Siviq Scores

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

Liabilities / Assets

99th percentile

37.54x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

1.96x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-79%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$83,293

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 55.9% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-79%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-6.4%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$7,801

Down $30,175 (-79%) from 2022

Net Assets

Down

-$285,058

Down $117,673 (-70%) from 2022

Liabilities

Up

$292,859

Up $87,498 (+43%) from 2022

Revenue

Down

$149,048

Down $10,215 (-6.4%) from 2022

Expenses

Up

$266,721

Up $50,451 (+23%) from 2022

Net Income

Down

-$117,673

Down $60,666 (-106%) from 2022

Historical Trend

Balance Sheet Trend

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

$500K$0-$500KAssets 2021: $3,721Liabilities 2021: $114,099Net Assets 2021: -$110,3782021Assets 2022: $37,976Liabilities 2022: $205,361Net Assets 2022: -$167,3852022Assets 2023: $7,801Liabilities 2023: $292,859Net Assets 2023: -$285,0582023Assets 2024: $74,758Liabilities 2024: $414,696Net Assets 2024: -$339,9382024Assets 2025: $20,407Liabilities 2025: $471,405Net Assets 2025: -$450,9982025

Highlighted filing

2023

Assets$7,801
Liabilities$292,859
Net Assets-$285,058

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2021: $31,188Expenses 2021: $241,607Net Income 2021: -$210,4192021Revenue 2022: $159,263Expenses 2022: $216,270Net Income 2022: -$57,0072022Revenue 2023: $149,048Expenses 2023: $266,721Net Income 2023: -$117,6732023Revenue 2024: $158,909Expenses 2024: $240,151Net Income 2024: -$81,2422024Revenue 2025: $61,416Expenses 2025: $172,476Net Income 2025: -$111,0602025

Highlighted filing

2023

Revenue$149,048
Expenses$266,721
Net Income-$117,673
Jump To
Filing Snapshot
Filing Period
Mar 1, 2022 to Feb 28, 2023
Signed
Mar 12, 2024
Return Version
2022v5.0
Gross Receipts
$149,048
Mission and Program Overview

Mission

Administering Clean Energy Financing

Program Services

DescriptionGrantsExpenses
STARTUP PRODUCTION AND ADVANCEMENT OF PACE (COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY) PROGRAMS IN THE STATE OF VIRGINIA.$128,185$266,721
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ABIGAIL JOHNSONPresidentFT$83,293-$83,293
WILLIAM NUSBAUMSecretary-$0--
PAUL BROOKSTreasurer-$0--
MATTHEW HARRINGTONDirector-$0--
GREG MONTGOMERYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Pace Authority
EIN
83-4132579
Address
700 TECH CENTER PKWY STE 200, NEWPORT NEWS, VA 23606

Signing Officer

Name
Abigail C Johnson
Title
President
Phone
4153077777
Signed
2024-03-12
Discuss with paid preparer
Yes

Preparer

Firm
The Accounting Shoppe LLC
Address
4996 Westmoreland Dr, Williamsburg, VA 23072
Preparer
Monica Harris
Phone
8043846304
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description amountppp loan forgiven 20,833

Description of other expenses Part I line 16

Description amountdepreciation 208insurance 9,376meals 38memberships 725software 162taxes and licenses 25bank charges 1,056payroll taxes 6,261advertising and marketing 439travel 295payroll processing fees 1,460

Description of other assets Part II line 24

Category beginning of year end of yearcomputer equipment 805 597employee advance 961 161misc receivable 0 1,042

Description of total liabilities Part II line 26

Category beginning of year end of yearsba loan 43,100 41,990abby johnson notes payable 56,853 63,097rise revenue based loan 105,000 105,000payroll liabilities 408 410accrued payroll expenses 0 82,362

Raw XML Appendix189 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01766
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01800
IRS990EZ/OtherExpensesTotalAmt020045
IRS990EZ/OtherRevenueTotalAmt020833
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ADMINISTERING CLEAN ENERGY FINANCING
IRS990EZ/PrintingPublicationsPostageAmt0315
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0128185
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt0164206
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0VIRGINIAPACE.COM
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148661
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0195161
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0502027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt030
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt030
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt015191
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0128185
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0195161
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0128215
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0517454
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt063097
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONAL EXPENSES
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05999
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ABIGAIL JOHNSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt063097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTPPP LOAN FORGIVEN 20,833
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTDEPRECIATION 208INSURANCE 9,376MEALS 38MEMBERSHIPS 725SOFTWARE 162TAXES AND LICENSES 25BANK CHARGES 1,056PAYROLL TAXES 6,261ADVERTISING AND MARKETING 439TRAVEL 295PAYROLL PROCESSING FEES 1,460
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARCOMPUTER EQUIPMENT 805 597EMPLOYEE ADVANCE 961 161MISC RECEIVABLE 0 1,042
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARSBA LOAN 43,100 41,990ABBY JOHNSON NOTES PAYABLE 56,853 63,097RISE REVENUE BASED LOAN 105,000 105,000PAYROLL LIABILITIES 408 410ACCRUED PAYROLL EXPENSES 0 82,362
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ABIGAIL C JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04153077777
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA PACE AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0834132579
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 TECH CENTER PKWY STE 200
ReturnHeader/Filer/USAddress/CityNm0NEWPORT NEWS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023606
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873492575
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Accounting Shoppe LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04996 Westmoreland Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Williamsburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023072
ReturnHeader/PreparerPersonGrp/PhoneNum08043846304
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Monica Harris
ReturnHeader/ReturnTs02024-04-30T20:09:36-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ABIGAIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02022-03-01
ReturnHeader/TaxPeriodEndDt02023-02-28
ReturnHeader/TaxYr02022

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