Pace Charter School of Hamilton
Nonprofit profile at a glance
- EIN
- 223632791
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hamilton, NJ, USA
- Phone
- 6095872288
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $11,239,751
- Expenses
- $10,414,148
- Assets
- $8,039,908
- Liabilities
- $4,049,453
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- LAKESHA WILLIAMS (President)
Highest reported compensation
- DEBORAH A PONTORIERO (LEAD PERSON): $262,500 total reported compensation
- WENDY SMITH (PRINCIPAL): $158,896 total reported compensation
- JILL DRUMN (Teacher Rep): $120,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Pace Charter School of Hamilton is to instill in our students a lifelong love for learning supported by an appreciation for the use of knowledge. At Pace we believe students must learn to learn and that they must be exposed to the value of applying their knowledge. The learning process must be relevant to the child's life experiences so that a genuine love for learning will be instilled and used throughout their lifetime.
What it reported doing in 2024
The pace charter school of hamilton provides a full range of services appropriate to all students in grades kindergarten thru grade seven. These services include regular, as well as special education and basic skills instruction. The charter school completed the 2024-2025 school year with an enrollment of 463 students.
Operating model
- Revenue model
- Grant-funded. 95% of the money available for current operations came from government grants.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 66
- Accountability: 84
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.8%; rating input score 68
- Program expense ratio: 74.8%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.3%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 18.8% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 67.8% of revenue deployed · 74.8% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.8M in reported program spending
- Leadership: top reported pay $262K · 10 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $221K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 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 — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.