Pace Career Academy

Nonprofit profile at a glance

EIN
371645637
IRS 990 coverage
2014–2020
Forms available
Form 990 2020
Location
Allenstown, NH, USA
Phone
6032101882
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Epilepsy

Official website

Reported finances

Revenue
$1,073,428
Expenses
$885,504
Assets
$1,549,092
Liabilities
$1,088,926

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • JORGE SANTANA (EXECUTIVE DI): $78,761 total reported compensation
  • MARY VERVILLE (SECRETARY): $34,512 total reported compensation
  • RACHEL CARVER (ASST DIRECTO): $24,886 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Pace career academy serves to provide education to those students who have struggled in more traditional school structures by offering a highly personalized education focused on personal development, core academics, and career experience, leading to a high school degree. Pace is dedicated to allowing students to partner in the design of their academic, career, and personal growth paths with a goal of becoming an essential part of their community, family, and world of work.

What it reported doing in 2020

Delivery of highly personalized education and services leading to a high school degree to students residing in the towns of pembroke, allenstown, chichester, epsom and deerfield, nh

Operating model

Revenue model
Other-operating. 77% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 90
  • Accountability: 91
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.8%; rating input score 50
  • Program expense ratio: 60.4%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.5%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 15.6%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 17.2% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 29.7% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 49.8% of revenue deployed · 60.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $535K in reported program spending
  • Leadership: top reported pay $79K · 10 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 5 filing years from 2014 to 2020
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.