Civic Intelligence

Pace Preparatory Academy Inc.

990 • Fiscal year 2020 • EIN 86-0989368

Jul 01, 2019 to Jun 30, 2020 • Filed on May 08, 2021

6120 E Via Estrella AveParadise Valley, AZ 85253

(928) 301-5484

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.58x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

45th percentile

3.8%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,882,057

Up $69,094 (+3.8%) from 2019

Net Assets

Up

$18,895

Up $212,009 (+110%) from 2019

Liabilities

Down

$1,863,162

Down $142,915 (-7.1%) from 2019

Revenue

Up

$1,177,174

Up $295,734 (+34%) from 2019

Expenses

Down

$965,165

Down $6,795 (-0.7%) from 2019

Net Income

Up

$212,009

Up $302,529 (+334%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $303,790Liabilities 2010: $121,686Net Assets 2010: $182,1042010Assets 2011: $242,910Liabilities 2011: $67,189Net Assets 2011: $175,7212011Assets 2012: $271,676Liabilities 2012: $185,319Net Assets 2012: $86,3572012Assets 2013: $317,071Liabilities 2013: $136,766Net Assets 2013: $180,3052013Assets 2014: $204,412Liabilities 2014: $325,263Net Assets 2014: -$120,8512014Assets 2015: $1,959,064Liabilities 2015: $2,241,986Net Assets 2015: -$282,9222015Assets 2016: $1,917,520Liabilities 2016: $2,186,081Net Assets 2016: -$268,5612016Assets 2017: $1,813,006Liabilities 2017: $2,028,331Net Assets 2017: -$215,3252017Assets 2018: $1,784,961Liabilities 2018: $1,887,555Net Assets 2018: -$102,5942018Assets 2019: $1,812,963Liabilities 2019: $2,006,077Net Assets 2019: -$193,1142019Assets 2020: $1,882,057Liabilities 2020: $1,863,162Net Assets 2020: $18,8952020Assets 2021: $1,865,161Liabilities 2021: $1,808,320Net Assets 2021: $56,8412021Assets 2022: $1,853,760Liabilities 2022: $1,864,557Net Assets 2022: -$10,7972022Assets 2023: $1,758,915Liabilities 2023: $1,655,719Net Assets 2023: $103,1962023Assets 2025: $2,451,203Liabilities 2025: $1,405,234Net Assets 2025: $1,045,9692025

Highlighted filing

2020

Assets$1,882,057
Liabilities$1,863,162
Net Assets$18,895

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $757,7222010Expenses 2011: $829,3112011Revenue 2012: $795,781Expenses 2012: $885,145Net Income 2012: -$89,3642012Revenue 2013: $960,368Expenses 2013: $866,420Net Income 2013: $93,9482013Revenue 2014: $884,082Expenses 2014: $985,238Net Income 2014: -$101,1562014Revenue 2015: $822,862Expenses 2015: $973,666Net Income 2015: -$150,8042015Revenue 2016: $967,912Expenses 2016: $929,755Net Income 2016: $38,1572016Revenue 2017: $1,106,807Expenses 2017: $1,053,571Net Income 2017: $53,2362017Revenue 2018: $977,550Expenses 2018: $928,405Net Income 2018: $49,1452018Revenue 2019: $881,440Expenses 2019: $971,960Net Income 2019: -$90,5202019Revenue 2020: $1,177,174Expenses 2020: $965,165Net Income 2020: $212,0092020Revenue 2021: $1,353,437Expenses 2021: $1,315,491Net Income 2021: $37,9462021Revenue 2022: $1,244,338Expenses 2022: $1,333,171Net Income 2022: -$88,8332022Revenue 2023: $1,439,940Expenses 2023: $1,325,947Net Income 2023: $113,9932023Revenue 2025: $2,115,974Expenses 2025: $1,507,580Net Income 2025: $608,3942025

Highlighted filing

2020

Revenue$1,177,174
Expenses$965,165
Net Income$212,009
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 8, 2021
Return Version
2019v5.0
Gross Receipts
$1,177,174
Mission and Program Overview

Mission

Pace academy's mission is to provide a safe environment where all students can acquire an alternative, focused, individualized educational program designed to enable them to earn and recover credit in order to graduate and become self-motivated adn competent adults who are prepared for a career or college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,548,866$1,504,518▼ $44,348
Cash and Non-Interest-Bearing Accounts$145,838$201,887▲ $56,049
Other Notes and Loans Receivable, Net-$91,451-
Pledges and Grants Receivable$13,415$45,157▲ $31,742
Accounts Receivable$96,900$36,000▼ $60,900
Total Assets$1,812,963$1,882,057▲ $69,094
Other Assets Total$7,944$3,044▼ $4,900
Liabilities
Other Liabilities$1,938,115$1,800,538▼ $137,577
Accounts Payable and Accrued Expenses$67,962$62,624▼ $5,338
Total Liabilities$2,006,077$1,863,162▼ $142,915
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-196,584$15,425▲ $212,009
Net Assets With Donor Restrictions$3,470$3,470→ $0
Total Net Assets Fund Balance$-193,114$18,895▲ $212,009
Total Liabilities and Net Assets / Fund Balance$1,812,963$1,882,057▲ $69,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,504,216$624,923$2,129,139
Compensation and Service Providers

Board Members and Trustees

NameTitle
William SakelariosPresident/di
Candice ChapmanDirector
Peggy SarkisianSecretary
Candice ChapmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,177,174
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$187,598
Change in Net Assets
$212,009

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,177,174
Total Revenue per Audited Statements
$1,177,174
Total Revenue per Form 990
$1,177,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$569,961
Other Expenses$395,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$326,928$109,616-$436,544
Other Employee Benefits$77,924$26,127-$104,051
Interest$78,254$19,563-$97,817
Depreciation Depletion$63,877$15,969-$79,846
Occupancy$57,058$13,635-$70,693
Fees for Services Other$43,669$9,603-$53,272
Fees for Services Accounting-$42,042-$42,042
Payroll Taxes$18,500$10,866-$29,366
Office Expenses$14,674$10,160-$24,834
Insurance$13,814$3,454-$17,268
Other Expenses$6,747$977-$7,724
Advertising-$870-$870
Fees for Services Legal-$838-$838
Total Functional Expenses$701,445$263,720$0$965,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$965,165
Total Expenses per Audited Statements$965,165
Total Expenses per Form 990$965,165
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
New Building Loan$1,723,853
Accrued Payroll$54,457
Capital Leases$19,835
Due to Sterling$2,393
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization reviews the 990 at a board meeting prior to filing the return.

Form 990, Page 6, Part VI, Line 15B

The governing board reviews and approves compensation amounts of all top management officials and members. This approval is documented in the board's meeting minutes. In addition, the board reviews salary and performance studies comparing other charter schools in determining the compensation amounts of all top management officials and members.

Form 990, Page 6, Part VI, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Pace Preparatory Academy Inc
EIN
86-0989368
Phone
9283015484
Address
6120 E VIA ESTRELLA AVE, PARADISE VALLEY, AZ 85253

Signing Officer

Name
William Sakelarios
Title
President/director
Phone
9286349524
Signed
2021-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Sakelarios
Formed
2000
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
12

Preparer

Firm
Sterling Accounting & Tax
Address
830 S MAIN ST STE 1A, COTTONWOOD, AZ 86326-4621
Preparer
Marc Sterling
Phone
9286349524
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Pace academy's mission is to provide a safe environment where all students can acquire an alternative, focused, individualized educational program designed to enable them to earn and recover credit in order to graduate and become self-motivated adn competent adults who are prepared for a career or college.

Form 990, Page 2, Part III, Line 4D

To enable students to become self-motivated, competent, life long learners equipped with the reading, writing, technological and problem solving skills necessary to become contributing members of society in the 21st century.

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR EDUCATIONAL PROGRAMS AND FROM THE STATE OF ARIZONA FOR STATE EQUALIZATION ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1WAS CONSULTING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2ENCHANTED HOMES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3STERLING ACCOUNTING AND TAX LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0WIFE OF BRD MEM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BRD MEM OWNED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2PRIOR BD MEM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3PRIOR BD MEM
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASED SERIVCES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSULTING SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ACCOUNTING SERVICES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PACE ACADEMY'S MISSION IS TO PROVIDE A SAFE ENVIRONMENT WHERE ALL STUDENTS CAN ACQUIRE AN ALTERNATIVE, FOCUSED, INDIVIDUALIZED EDUCATIONAL PROGRAM DESIGNED TO ENABLE THEM TO EARN AND RECOVER CREDIT IN ORDER TO GRADUATE AND BECOME SELF-MOTIVATED ADN COMPETENT ADULTS WHO ARE PREPARED FOR A CAREER OR COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENABLE STUDENTS TO BECOME SELF-MOTIVATED, COMPETENT, LIFE LONG LEARNERS EQUIPPED WITH THE READING, WRITING, TECHNOLOGICAL AND PROBLEM SOLVING SKILLS NECESSARY TO BECOME CONTRIBUTING MEMBERS OF SOCIETY IN THE 21ST CENTURY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE 990 AT A BOARD MEETING PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD REVIEWS AND APPROVES COMPENSATION AMOUNTS OF ALL TOP MANAGEMENT OFFICIALS AND MEMBERS. THIS APPROVAL IS DOCUMENTED IN THE BOARD'S MEETING MINUTES. IN ADDITION, THE BOARD REVIEWS SALARY AND PERFORMANCE STUDIES COMPARING OTHER CHARTER SCHOOLS IN DETERMINING THE COMPENSATION AMOUNTS OF ALL TOP MANAGEMENT OFFICIALS AND MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01812963
IRS990/TotalAssetsEOYAmt01882057
IRS990/TotalAssetsGrp/BOYAmt01812963
IRS990/TotalAssetsGrp/EOYAmt01882057
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IRS990/TotalContributionsAmt01177174
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0263720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0701445
IRS990/TotalFunctionalExpensesGrp/TotalAmt0965165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02006077
IRS990/TotalLiabilitiesEOYAmt01863162
IRS990/TotalLiabilitiesGrp/BOYAmt02006077
IRS990/TotalLiabilitiesGrp/EOYAmt01863162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-193114
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018895
IRS990/TotalOtherProgSrvcExpenseAmt0163800
IRS990/TotalProgramServiceExpensesAmt0701445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01177174
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01812963
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01882057
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 1238
IRS990/USAddress/CityNm0CLARKDALE
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd086324
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PACEACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM SAKELARIOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09286349524
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACE PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PACE
ReturnHeader/Filer/EIN0860989368
ReturnHeader/Filer/PhoneNum09283015484
ReturnHeader/Filer/USAddress/AddressLine1Txt06120 E VIA ESTRELLA AVE
ReturnHeader/Filer/USAddress/CityNm0PARADISE VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085253
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205381339
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STERLING ACCOUNTING & TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0830 S MAIN ST STE 1A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COTTONWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0863264621
ReturnHeader/PreparerPersonGrp/PhoneNum09286349524
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC STERLING
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-07-27T12:11:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.45$1.41$1.05$2.12$1.51$0.61
2023Detailed filing. Detailed filing data is available for this year.$1.76$1.66$0.10$1.44$1.33$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.85$1.86$0.01$1.24$1.33$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.87$1.81$0.06$1.35$1.32$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.88$1.86$0.02$1.18$0.97$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.81$2.01$0.19$0.88$0.97$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.78$1.89$0.10$0.98$0.93$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.81$2.03$0.22$1.11$1.05$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.92$2.19$0.27$0.97$0.93$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.96$2.24$0.28$0.82$0.97$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.33$0.12$0.88$0.99$0.10
2013Summary only. Only limited summary data is available for this year.$0.32$0.14$0.18$0.96$0.87$0.09
2012Summary only. Only limited summary data is available for this year.$0.27$0.19$0.09$0.80$0.89$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.07$0.18$0.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.12$0.18$0.76