The Pace Group Inc
Nonprofit profile at a glance
- EIN
- 562016907
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- Thomasville, NC, USA
- Phone
- 3364761597
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $46,996
- Expenses
- $37,943
- Assets
- $345,946
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- BEN WATFORD (PRESIDENT)
People named in this filing
- BEN WATFORD (PRESIDENT)
- PRISCILLA OLDAKER (VICE PRESIDE)
- ELIZABETH HINKLE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To establish an atmosphere of cooperation between the city of thomasville downtown merchants, property owners, officials and area residents, and create an environment suitable for revitalization of the city of thomasville downtown area.
What it reported doing in 2024
Revitalization and cooperation programs for the downtown area.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.8%; rating input score 42
- Program expense ratio: 46.4%; rating input score 46
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 19.3%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 9.12; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 41.8% of revenue deployed · 46.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.