Pace Academy Inc is located in Atlanta, GA. The organization was established in 1960. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pace Academy Inc employed 468 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pace Academy Inc generated $52.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $41.8m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PACE ACADEMY IS A PRE-FIRST THROUGH 12TH GRADE COLLEGE PREPARATORY INDEPENDENT SCHOOL IN ATLANTA, GEORGIA.
Describe the Organization's Program Activity:
INSTRUCTION - PACE ACADEMY WAS ESTABLISHED IN 1958 AS AN INDEPENDENT COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL. THE ENROLLMENT IS 1,150 STUDENTS IN PRE-FIRST THROUGH 12TH GRADES. PACE STRIVES TO CREATE AN INNOVATIVE LEARNING ENVIRONMENT THROUGH COLLABORATION, CHALLENGING CURRICULUM, OUTSTANDING TEACHING AND CO-CURRICULAR OFFERINGS. IT MEANS WE REQUIRE STUDENTS TO PLUG INTO THE WORLD AROUND THEM, PUSH BEYOND THEIR COMFORT ZONES AND ACCOMPLISH THINGS THEY NEVER THOUGHT POSSIBLE. PACE STARTS SMALL TO MAKE THESE BIG THINGS HAPPEN BY FOCUSING ON THE INDIVIDUAL STUDENT, MAINTAINING SMALL CLASS SIZES, EMPHASIZING MEANINGFUL STUDENT-TEACHER RELATIONSHIPS AND FOSTERING AN INCLUSIVE, NURTURING COMMUNITY.
OTHER PROGRAMS
ISDELL CENTER FOR GLOBAL LEADERSHIP - IN 2014, PACE ACADEMY LAUNCHED THE ISDELL CENTER FOR GLOBAL LEADERSHIP (ICGL), A COLLABORATIVE, CROSS-DIVISIONAL PROGRAM THAT SUPPORTS A WELL-ROUNDED GLOBAL EDUCATION FOR EVERY PACE STUDENT. THE ICGL TAKES THE BUILDING BLOCKS OF THE FIVE-COURSE CURRICULUM AND GIVES STUDENTS IN THE LOWER, MIDDLE AND UPPER SCHOOLS THE OPPORTUNITY TO APPLY THEIR KNOWLEDGE IN WAYS THAT ENABLE THEM TO BECOME ETHICAL, EMPATHETIC, INNOVATIVE, CULTURALLY COMPETENT AND ADAPTABLE CITIZENS OF THE WORLD. FROM THE TIME A STUDENT ENTERS PACE'S DOORS UNTIL GRADUATION, ALL EDUCATIONAL EXPERIENCES ARE VIEWED THROUGH AN OVERARCHING GLOBAL LENS. THE ICGL FOSTERS THIS CULTURE OF GLOBAL LEARNING AND LEADERSHIP BY EXPLORING AN ANNUAL, SCHOOL-WIDE GLOBAL THEME. CURRICULAR, CO-CURRICULAR AND HANDS-ON ACTIVITIES, A SCHOLAR-IN-RESIDENCE PROGRAM, LEADERSHIP FELLOWSHIPS, INTERNSHIPS AND STUDY TOURS SUPPORT EDUCATION AROUND THESE THEMES. IN A TYPICAL YEAR, THE ICGL STUDY TOURS CONSIST OF APPROXIMATELY 20 TRIPS, WITH APPROXIMATELY 225 STUDENTS AND 50 FACULTY/STAFF TRAVLING TO COUNTRIES THROUGHOUT THE WORLD, INCLUDING SOUTH AMERICA, EUROPE, AFRICA, ASIA AND AUSTRALIA.
STUDENT ACTIVITIES - PACE ACADEMY OFFERS A VARIETY OF STUDENT ACTIVITIES INCLUDING ARTS, DEBATE AND ATHLETICS. OVER 30 YEARS THE PACE DEBATE PROGRAM HAS GROWN INTO A NATIONALLY RECOGNIZED PROGRAM WITH A LONG-STANDING HISTORY OF EXCELLENCE. THE PACE ARTS PROGRAM OFFERS A UNIQUE VARIETY OF PERFORMING AND VISUAL ARTS FOR STUDENTS TO PARTICIPATE IN, AND BOASTS A WORLD CLASS FINE ARTS CENTER. 85% OF UPPER SCHOOL STUDENTS PARTICIPATE IN THE ARTS. UPPER SCHOOL STUDENTS ARE REQUIRED TO COMPLETE SERVICE LEARNING, AND THE AVERAGE GRADUATING SENIOR HAS 90 HOURS OF COMMUNITY SERVICE. THE PACE ATHLETICS PROGRAM CONSISTENTLY PRODUCES CHAMPIONSHIP TEAMS AND ATHLETES, AND APPROXIMATELY 87% OF MIDDLE AND UPPER SCHOOL STUDENTS PLAY ON AT LEAST ONE TEAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frederick G Assaf Head Of School | Officer | 40 | $712,603 |
Syreeta Moseley Head Of Lower School Pre7.1.21 | 40 | $357,644 | |
Aj Lashley CFO | Officer | 40 | $246,970 |
Heather L White Director Of Advancement | 40 | $222,623 | |
Michael Gannon Head Of Upper School | 40 | $192,327 | |
Graham Anthony Head Of Middle School | 40 | $157,641 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Flik Food Catering | 6/29/22 | $1,342,631 |
Cleanstar National Inc Housekeeping | 6/29/22 | $678,952 |
Cana Communications Technology | 6/29/22 | $427,749 |
Bryan Cave Legal | 6/29/22 | $220,025 |
Envoys Inc Student Travel | 6/29/22 | $245,670 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $379,606 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $11,157,630 |
Noncash contributions included in lines 1a–1f | $1,106,162 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,537,236 |
Total Program Service Revenue | $38,121,177 |
Investment income | $684,719 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$243,221 |
Net Gain/Loss on Asset Sales | $2,523,316 |
Net Income from Fundraising Events | $67,047 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $44,166 |
Miscellaneous Revenue | $0 |
Total Revenue | $52,734,440 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,813,600 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,087,239 |
Compensation of current officers, directors, key employees. | $690,389 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,810,489 |
Pension plan accruals and contributions | $1,026,120 |
Other employee benefits | $2,499,042 |
Payroll taxes | $1,323,424 |
Fees for services: Management | $0 |
Fees for services: Legal | $308,314 |
Fees for services: Accounting | $50,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $166,832 |
Fees for services: Other | $96,312 |
Advertising and promotion | $122,813 |
Office expenses | $879,451 |
Information technology | $155,737 |
Royalties | $0 |
Occupancy | $2,422,697 |
Travel | $599,345 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $197,897 |
Interest | $221,466 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,874,973 |
Insurance | $469,571 |
All other expenses | $1,723,493 |
Total functional expenses | $41,819,272 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $504 |
Savings and temporary cash investments | $38,067,787 |
Pledges and grants receivable | $14,261,660 |
Accounts receivable, net | $6,627,525 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $41,352 |
Prepaid expenses and deferred charges | $2,326,477 |
Net Land, buildings, and equipment | $94,418,162 |
Investments—publicly traded securities | $34,795,211 |
Investments—other securities | $15,289,969 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $205,828,647 |
Accounts payable and accrued expenses | $3,343,321 |
Grants payable | $0 |
Deferred revenue | $25,959,230 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $13,305,853 |
Other liabilities | $263,044 |
Total liabilities | $42,871,448 |
Net assets without donor restrictions | $136,145,959 |
Net assets with donor restrictions | $26,811,240 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $205,828,647 |