Civic Intelligence

Pace Preparatory Academy Inc.

990 • Fiscal year 2022 • EIN 86-0989368

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 09, 2022

Organization ProfileWWW.PACEACADEMY.COM
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

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.50x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

24th percentile

-7.1%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

44th percentile

-0.6%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

29th percentile

-8.1%

Faster revenue growth than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,853,760

Down $11,401 (-0.6%) from 2021

Net Assets

Down

-$10,797

Down $67,638 (-119%) from 2021

Liabilities

Up

$1,864,557

Up $56,237 (+3.1%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin24th percentile

Revenue

Down

$1,244,338

Down $109,099 (-8.1%) from 2021

Expenses

Up

$1,333,171

Up $17,680 (+1.3%) from 2021

Net Income

Down

-$88,833

Down $126,779 (-334%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2022

Assets$1,853,760
Liabilities$1,864,557
Net Assets-$10,797
Open 2022 Filing

Operations Trend

Revenue Growth29th percentile

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

2022

Revenue$1,244,338
Expenses$1,333,171
Net Income-$88,833
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$1,244,338
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$1,505,120$1,491,222▼ $13,898
Pledges and Grants Receivable$103,253$149,778▲ $46,525
Other Notes and Loans Receivable, Net$90,900$112,631▲ $21,731
Cash and Non-Interest-Bearing Accounts$132,125$87,875▼ $44,250
Accounts Receivable$33,000--
Prepaid Expenses and Deferred Charges-$11,491-
Total Assets$1,865,161$1,853,760▼ $11,401
Other Assets Total$763$763→ $0
Liabilities
Other Liabilities$1,779,597$1,727,422▼ $52,175
Accounts Payable and Accrued Expenses$28,723$137,135▲ $108,412
Total Liabilities$1,808,320$1,864,557▲ $56,237
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,470$4,633▲ $1,163
Net Assets Without Donor Restrictions$53,371$-15,430▼ $68,801
Total Net Assets Fund Balance$56,841$-10,797▼ $67,638
Total Liabilities and Net Assets / Fund Balance$1,865,161$1,853,760▼ $11,401

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,491,222$815,231$2,306,453
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,244,338
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$212,016
Change in Net Assets
$-88,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,244,338
Total Revenue per Audited Statements
$1,244,338
Total Revenue per Form 990
$1,244,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$700,103
Salaries, Compensation, and Employee Benefits$633,068
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$392,962$76,900-$469,862
Fees for Services Other$117,610$95,598-$213,208
Occupancy$91,821$26,319-$118,140
Other Employee Benefits$91,974$18,000-$109,974
Depreciation Depletion$86,326$23,552-$109,878
Interest$79,762$19,940-$99,702
Office Expenses$51,681$6,833-$58,514
Payroll Taxes$38,306$14,926-$53,232
Fees for Services Accounting-$52,851-$52,851
Insurance$18,432$4,608-$23,040
Advertising-$8,976-$8,976
Other Expenses$4,471$10,419-$4,471
Fees for Services Legal-$884-$884
Travel-$20-$20
Total Functional Expenses$973,345$359,826$0$1,333,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,333,171
Total Expenses per Audited Statements$1,333,171
Total Expenses per Form 990$1,333,171
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$1,596,680
Note Payable Related Party$100,302
Accrued Payroll$24,052
Capital Leases$6,388
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
2022-11-09
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
17

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.”

Form 990, Part IX, Line 11G

“Professional & technical serv 117,610 95,598 0”

Raw XML Appendix350 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt028723
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0137135
IRS990/AccountsReceivableGrp/BOYAmt033000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PACE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08976
IRS990/AdvertisingGrp/TotalAmt08976
IRS990/AllOtherContributionsAmt0212016
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STERLING ACCOUNTING AND TAX
IRS990/BooksInCareOfDetail/PhoneNum09286349524
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0830 S MAIN STREET STE 1A
IRS990/BooksInCareOfDetail/USAddress/CityNm0COTTONWOOD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd086326
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0132125
IRS990/CashNonInterestBearingGrp/EOYAmt087875
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01244338
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0700103
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-88833
IRS990/CYSalariesCompEmpBnftPaidAmt0633068
IRS990/CYTotalExpensesAmt01333171
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01244338
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt023552
IRS990/DepreciationDepletionGrp/ProgramServicesAmt086326
IRS990/DepreciationDepletionGrp/TotalAmt0109878
IRS990/Desc0TO 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03470
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04633
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0731649
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt052851
IRS990/FeesForServicesAccountingGrp/TotalAmt052851
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0884
IRS990/FeesForServicesLegalGrp/TotalAmt0884
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt095598
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0117610
IRS990/FeesForServicesOtherGrp/TotalAmt0213208
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0CANDICE CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM SAKELARIOS
IRS990/Form990PartVIISectionAGrp/PersonNm2PEGGY SARKISIAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt01032322
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01244338
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04608
IRS990/InsuranceGrp/ProgramServicesAmt018432
IRS990/InsuranceGrp/TotalAmt023040
IRS990/InterestGrp/ManagementAndGeneralAmt019940
IRS990/InterestGrp/ProgramServicesAmt079762
IRS990/InterestGrp/TotalAmt099702
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0818731
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01505120
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01491222
IRS990/LandBldgEquipCostOrOtherBssAmt02309953
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PACE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt056841
IRS990/NetAssetsOrFundBalancesEOYAmt0-10797
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt053371
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-15430
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt026319
IRS990/OccupancyGrp/ProgramServicesAmt091821
IRS990/OccupancyGrp/TotalAmt0118140
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06833
IRS990/OfficeExpensesGrp/ProgramServicesAmt051681
IRS990/OfficeExpensesGrp/TotalAmt058514
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0763
IRS990/OtherAssetsTotalGrp/EOYAmt0763
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt091974
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0109974
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010419
IRS990/OtherExpensesGrp/ProgramServicesAmt04471
IRS990/OtherExpensesGrp/TotalAmt010419
IRS990/OtherExpensesGrp/TotalAmt14471
IRS990/OtherLiabilitiesGrp/BOYAmt01779597
IRS990/OtherLiabilitiesGrp/EOYAmt01727422
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076900
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0392962
IRS990/OtherSalariesAndWagesGrp/TotalAmt0469862
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt090900
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0112631
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014926
IRS990/PayrollTaxesGrp/ProgramServicesAmt038306
IRS990/PayrollTaxesGrp/TotalAmt053232
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0103253
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0149778
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011491
IRS990/PrincipalOfficerNm0WILLIAM SAKELARIOS
IRS990/PriorPeriodAdjustmentsAmt021195
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0241696
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01353437
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0757474
IRS990/PYRevenuesLessExpensesAmt037946
IRS990/PYSalariesCompEmpBnftPaidAmt0558017
IRS990/PYTotalExpensesAmt01315491
IRS990/PYTotalRevenueAmt01353437
IRS990/ReconcilationRevenueExpnssAmt0-88833
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01491222
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0815231
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02306453
IRS990ScheduleD/ExpensesSubtotalAmt01333171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01596680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt224052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NEW BUILDING LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASES
IRS990ScheduleD/RevenueSubtotalAmt01244338
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01491222
IRS990ScheduleD/TotalExpensesPerForm990Amt01333171
IRS990ScheduleD/TotalLiabilityAmt01727422
IRS990ScheduleD/TotalRevenuePerForm990Amt01244338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01244338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01333171
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FIBERONICS
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASED SERIVCES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSULTING SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ACCOUNTING SERVICES
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt5PROFESSIONAL & TECHNICAL SERV 117,610 95,598 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01865161
IRS990/TotalAssetsEOYAmt01853760
IRS990/TotalAssetsGrp/BOYAmt01865161
IRS990/TotalAssetsGrp/EOYAmt01853760
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01244338
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0359826
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0973345
IRS990/TotalFunctionalExpensesGrp/TotalAmt01333171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01808320
IRS990/TotalLiabilitiesEOYAmt01864557
IRS990/TotalLiabilitiesGrp/BOYAmt01808320
IRS990/TotalLiabilitiesGrp/EOYAmt01864557
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056841
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-10797
IRS990/TotalOtherProgSrvcExpenseAmt0241696
IRS990/TotalProgramServiceExpensesAmt0973345
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01244338
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01865161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01853760
IRS990/TravelGrp/ManagementAndGeneralAmt020
IRS990/TravelGrp/TotalAmt020
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/SignatureDt02022-11-09
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/PreparationDt02022-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC STERLING
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-10T10:46:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SAKELARIOS
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,853,760
Liabilities
$1,864,557
Net assets
-$10,797
Revenue
$1,244,338
Expenses
$1,333,171
Net income
-$88,833
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