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Nonprofiteer
← PACE ACADEMY INC

Form 990 for tax year 2024

Filed by PACE ACADEMY INC.

Totals

Total revenue
$55,149,925
Total expenses
$51,959,990
Contributions and grants received
$5,569,943
Grants paid
$3,783,246
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$44,547,297
Management and general expenses
$5,438,550
Fundraising expenses
$1,974,143
Program service expenses (Part III)
$44,547,297

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRED G ASSAF

    HEAD OF SCHOOL

    Total calculated
    $1,038,400
    From this org
    $839,442
    From related orgs
    $0
    Other
    $198,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $685,540
    Bonus
    $50,000
    Other
    $103,902
    Deferred
    $27,600
    Nontaxable benefits
    $172,143
    Filer's total
    $1,039,185

  • AJ LASHLEY

    CFO

    Total calculated
    $376,709
    From this org
    $338,108
    From related orgs
    $0
    Other
    $38,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,988
    Bonus
    $12,000
    Other
    $120
    Deferred
    $23,852
    Nontaxable benefits
    $15,534
    Filer's total
    $377,494

  • MICHAEL GANNON

    HEAD OF UPPER SCHOOL

    Total calculated
    $293,026
    From this org
    $245,622
    From related orgs
    $0
    Other
    $47,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,590
    Bonus
    $12,000
    Other
    $1,032
    Deferred
    $20,422
    Nontaxable benefits
    $27,767
    Filer's total
    $293,811

  • DOROTHY HUTCHESON

    HEAD OF LOWER SCHOOL

    Total calculated
    $281,107
    From this org
    $234,195
    From related orgs
    $0
    Other
    $46,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,585
    Bonus
    $25,000
    Other
    $40,610
    Deferred
    $10,711
    Nontaxable benefits
    $36,831
    Filer's total
    $281,737

  • HEATHER WHITE

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $276,955
    From this org
    $232,957
    From related orgs
    $0
    Other
    $43,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,405
    Bonus
    $4,000
    Other
    $552
    Deferred
    $17,016
    Nontaxable benefits
    $27,767
    Filer's total
    $277,740

  • David Fortier

    Director of Facilities

    Total calculated
    $226,011
    From this org
    $194,694
    From related orgs
    $0
    Other
    $31,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,610
    Bonus
    $7,500
    Other
    $1,584
    Deferred
    $15,737
    Nontaxable benefits
    $16,352
    Filer's total
    $226,783

  • Graham Anthony

    Head of MIddle School

    Total calculated
    $222,120
    From this org
    $195,485
    From related orgs
    $0
    Other
    $26,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,341
    Bonus
    $8,000
    Other
    $144
    Deferred
    $11,886
    Nontaxable benefits
    $15,522
    Filer's total
    $222,893

  • JUSTIN BERMAN

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • CAMERON M BREADY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DAN BROOKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RONNIE BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MARISA CHIN YEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ELIZABETH CORRELL RICHARDS

    Chair

    Total calculated
    $0
    Hours/week
    0

  • KENNETH CRUMLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STEVEN J DEFRANCIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HEATHER DEXTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MIKE DOHENY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RYAN C GLOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DEREK J HARDESTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • AMY HERTZ AGAMI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • TERRI JANKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR MICHELE M JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • KIM JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • WENKE LEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LAUREN LINDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JIM MASKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • GREGORY MCKITTRICK SIMMONS JR

    Vice Chair

    Total calculated
    $0
    Hours/week
    0

  • Dr Erin Bowman

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Greg Greenbaum

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Tiffany Burns

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Lauren Lorberbaum

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Bijon Memar

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Caren Merlin

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • B Craig Owens

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Palmer Proctor

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Douglas R Shanley-Balyeat

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Alan H Shaw

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Sandeep Soni

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Nicole Wu LaManna

    Trustee

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE HEAD OF SCHOOL HAS INCOME REPORTED TO HIM FOR THE AMOUNT OF TUITION REMISSION AND COLLEGE TUITION HE RECEIVES ALONG WITH THE CORRESPONDING AMOUNT OF RELATED INCOME TAX. HOUSING ASSISTANCE: AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCES OF THE SCHOOL, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE IN CAMPUS HOUSING. BASED ON THE FACTS AND CIRCUMSTANCES OF THE REQUIREMENTS OF HIS RESPECTIVE ROLE AND RESPONSIBILITIES, IT IS THE OPINION OF THE SCHOOL THAT THE HOUSING COST IS NON-TAXABLE TO THE HEAD OF SCHOOL. SECTION 119 OF THE INTERNAL REVENUE CODE IS REVIEWED ANNUALLY TO DETERMINE THE APPLICABILITY AND COMPLIANCE WITH THIS SECTION. PERSONAL SERVICES: CLEANING SERVICES AND MAINTENANCE ARE PROVIDED FOR THE HEAD OF SCHOOL'S RESIDENCE.
SCHEDULE J, PART I, LINE 3
THE COMPENSATION COMMITTEE (BOARD CHAIR, BOARD VICE-CHAIR, AND FINANCE COMMITTEE CHAIRMAN) REVIEWS SALARIES FROM OTHER PEER INDEPENDENT SCHOOLS, REPORTS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND OTHER SOURCES IN DEVELOPING COMPENSATION FOR THE HEAD OF SCHOOL. SUBSTANTIATION IS CONTEMPORANEOUS BETWEEN THE COMPENSATION COMMITTEE AND THE CFO TO KEEP ON FILE.
SCHEDULE J, PART I, LINE 7
YEAR END BONUSES TO CERTAIN ADMIN STAFF.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KNIGHTS RIVERVIEW LLC

    SEE PART VII · GA · income $0 · assets $0

    Directly controlled by PACE ACADEMY

  • 943 GATEWOOD COURT LLC

    SEE PART VII · GA · income $56,815 · assets $1,360,841

    Directly controlled by NA

  • 3463 RILMAN ROAD LLC

    SEE PART VII · GA · income $0 · assets $1,037,247

    Directly controlled by NA

  • 944 GATEWOOD COURT LLC

    SEE PART VII · GA · income $0 · assets $1,864,408

    Directly controlled by NA

  • 25 ASHEWORTH COURT LLC

    SEE PART VII · GA · income $154,918 · assets $2,794,167

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.2
Source object
202611279349302191

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