Civic Intelligence

Virginia Pace Authority

990EZ • Fiscal year 2024 • EIN 83-4132579

Mar 01, 2023 to Feb 29, 2024 • Filed on Jan 13, 2025

Organization ProfileVIRGINIAPACE.COM
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

98th percentile

5.55x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.61x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-51%

Higher net margin than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$19,385

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

858%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

55th percentile

6.6%

Faster revenue growth than 55% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$74,758

Up $66,957 (+858%) from 2023

Net Assets

Down

-$339,938

Down $54,880 (-19%) from 2023

Liabilities

Up

$414,696

Up $121,837 (+42%) from 2023

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin9th percentile

Revenue

Up

$158,909

Up $9,861 (+6.6%) from 2023

Expenses

Down

$240,151

Down $26,570 (-10.0%) from 2023

Net Income

Up

-$81,242

Up $36,431 (+31%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2024

Assets$74,758
Liabilities$414,696
Net Assets-$339,938
Open 2024 Filing

Operations Trend

Revenue Growth55th percentile

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

2024

Revenue$158,909
Expenses$240,151
Net Income-$81,242
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2023 to Feb 29, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$158,909
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.$39,831$39,831
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ABIGAIL JOHNSONPresidentFT$19,385-$19,385
WILLIAMS MULLENSecretary-$0--
PAUL BROOKSTreasurer-$0--
GREG MONTGOMERYDirector-$0--
SYDNEY COVEYVice President-$0--
SANDI MCNINCHDirector-$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 Johnson
Title
President
Phone
4153077777
Signed
2025-01-13
Discuss with paid preparer
No

Preparer

Firm
The Accounting Shoppe LLC
Address
3803 Grey Fox Cir Apt L, WILLIAMSBURG, VA 23188
Preparer
Monica Harris
Phone
7579126497
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountdepreciation 208insurance 4,276software 961bank charges 355payroll taxes 1,483travel 102payroll processing fees 687”

Description of other assets Part II line 24

“Category beginning of year end of yearcomputer equipment 597 389employee advance 161 161misc receivable 1,042 1,042”

Description of total liabilities Part II line 26

“Category beginning of year end of yearsba loan 41,990 40,140abby johnson notes payable 63,097 94,289rise revenue based loan 105,000 105,000payroll liabilities 410 290accrued payroll liability 56,000 174,977”

Raw XML Appendix179 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ABIGAIL JOHNSON
IRS990EZ/BooksInCareOfDetail/PhoneNum07574520873
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0700 TECH CENTER PKWY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEWPORT NEWS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023606
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06001
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt073166
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt039831
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-81242
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt090785
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07801
IRS990EZ/Form990TotalAssetsGrp/EOYAmt074758
IRS990EZ/GrossReceiptsAmt0158909
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-258696
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-339938
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-258696
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-339938
IRS990EZ/OccupancyRentUtltsAndMaintAmt02932
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt045.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt019385
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ABIGAIL JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WILLIAMS MULLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PAUL BROOKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GREG MONTGOMERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SYDNEY COVEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SANDI MCNINCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01800
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01592
IRS990EZ/OtherExpensesTotalAmt08072
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ADMINISTERING CLEAN ENERGY FINANCING
IRS990EZ/ProgramServiceRevenueAmt0119076
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0STARTUP PRODUCTION AND ADVANCEMENT OF PACE (COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY) PROGRAMS IN THE STATE OF VIRGINIA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt039831
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt039831
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0138362
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0266497
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0414696
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0240151
IRS990EZ/TotalProgramServiceExpensesAmt039831
IRS990EZ/TotalRevenueAmt0158909
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0VIRGINIAPACE.COM
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt039831
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0128185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0148661
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0195161
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0541858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0168
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0238
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0238
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt010564
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03627
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015191
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0541858
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt039831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0128185
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0148661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt030020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0195161
IRS990ScheduleA/Total509Grp/TotalAmt0541858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt039833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0128215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0159263
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt031188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198788
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0557287
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTDEPRECIATION 208INSURANCE 4,276SOFTWARE 961BANK CHARGES 355PAYROLL TAXES 1,483TRAVEL 102PAYROLL PROCESSING FEES 687
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARCOMPUTER EQUIPMENT 597 389EMPLOYEE ADVANCE 161 161MISC RECEIVABLE 1,042 1,042
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARSBA LOAN 41,990 40,140ABBY JOHNSON NOTES PAYABLE 63,097 94,289RISE REVENUE BASED LOAN 105,000 105,000PAYROLL LIABILITIES 410 290ACCRUED PAYROLL LIABILITY 56,000 174,977
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ABIGAIL JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04153077777
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-13
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873492575
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Accounting Shoppe LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03803 Grey Fox Cir Apt L
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023188
ReturnHeader/PreparerPersonGrp/PhoneNum07579126497
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Monica Harris
ReturnHeader/ReturnTs02025-01-21T19:25:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-03-01
ReturnHeader/TaxPeriodEndDt02024-02-29
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$74,758
Liabilities
$414,696
Net assets
-$339,938
Revenue
$158,909
Expenses
$240,151
Net income
-$81,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.20$4.71$4.51$0.61$1.72$1.11
2024Detailed filing. Detailed filing data is available for this year.$0.75$4.15$3.40$1.59$2.40$0.81
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$2.93$2.85$1.49$2.67$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$2.05$1.67$1.59$2.16$0.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$1.14$1.10$0.31$2.42$2.10