Pace Academy Inc

Organization Overview

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 06/2021, Pace Academy Inc employed 418 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 06/2020, Pace Academy Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $35.9m during the year ending 06/2020. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

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:

Part 3 - Line 4a

INSTRUCTION - PACE ACADEMY WAS ESTABLISHED IN 1958 AS AN INDEPENDENT COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL. THE ENROLLMENT IS 1,100 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.


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.


OTHER PROGRAMS


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$14,621,909
Investment income $944,811
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,118
Net Gain/Loss on Asset Sales -$699,197
Net Income from Fundraising Events $1,225
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $33,212
Miscellaneous Revenue$0
Total Revenue $47,968,638

Grants Recieved

Over the last fiscal year, we have identified 46 grants that Pace Academy Inc has recieved totaling $2,096,325.

Awarding OrganizationAmount
Jewish Federation Of Greater Atlanta Inc

Atlanta, GA

PURPOSE: DONATIONS

$557,650
Walter Rich Etal Mem Fd

Orlando, FL

PURPOSE: GENERAL OPERATING

$200,000
$188,544
Ldb Foundation

Atlanta, GA

PURPOSE: GENERAL FUNDING

$157,029
Douglas J Hertz Family Foundation

Smyrna, GA

PURPOSE: GENERAL SUPPORT

$137,500
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC

$126,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$48,144,347
Earnings$13,934,116
Admin Expense$135,802
Net Contributions$71,331
Other Expense$150,937
Grants$149,273
Ending Balance$61,713,782

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