Nonprofit · EIN 20-4241997
PAVE SCHOOLS INC
Tax-exempt · BROOKLYN, NY 11231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $66,716 | $980,521 | -$913,805 | $28,503,255 | $44,904 | $28,458,351 |
| June 30, 2024 | 990 | $16,174 | $990,239 | -$974,065 | $29,421,674 | $38,518 | $29,383,156 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $173
- of which government grants
- $173
- Program service revenue
- $0
- Investment income
- $66,543
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,500
- Occupancy
- $5,105
- Depreciation
- $952,849
- Program services (functional)
- $952,849
- Management and general (functional)
- $27,672
Balance sheet and other
- Total assets, start of year
- $29,421,674
- Total assets, end of year
- $28,503,255
- Total liabilities, end of year
- $44,904
- Net assets, end of year
- $28,458,351
- Land, buildings and equipment
- $26,768,861
- Net assets without donor restrictions
- $28,458,351
- Gross receipts
- $66,716
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2006
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK SWEENEY | BOARD CHAIR & PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| STEVE OLSON | TREASURER Trustee or director, Officer | 0.2 | $0 |
| RICK GERSON | TRUSTEE Trustee or director | 0.2 | $0 |
| DYLAN GLENN | TRUSTEE Trustee or director | 0.2 | $0 |
| COLEMAN KENNEDY | TRUSTEE Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK SWEENEY | BOARD CHAIR & PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| STEVE OLSON | TREASURER Trustee or director, Officer | 0.2 | $0 |
| RICK GERSON | TRUSTEE Trustee or director | 0.2 | $0 |
| DYLAN GLENN | TRUSTEE Trustee or director | 0.2 | $0 |
| COLEMAN KENNEDY | TRUSTEE, THRU MARCH 2024 Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 732 HENRY ST, BROOKLYN, NY 11231-3229
- In care of
- % COOPER WESTENDARP
- Principal officer (990 for 2024)
- PATRICK SWEENEY, 732 HENRY STREET, BROOKLYN, NY 11231
- Signed the 990
- STEVE OLSON, TREASURER
- Phone
- (718) 858-7813
- Website
- WWW.PAVESCHOOLS.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
PAVE SCHOOLS, INC. SUPPORTED THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK, AND RALEIGH, NORTH CAROLINA, AND FOCUSED ON THE CORE VALUES OF PERSEVERANCE, ACHIEVEMENT, VIBRANCE, AND EXCELLENT CHARACTER, INCLUDING SUPPORT THROUGH FUNDRAISING. THE ORGANIZATION HAS SHUT DOWN OPERATIONS AND THE CHARTER SCHOOLS NOW EXIST AS A STAND ALONE, COMMUNITY BASED PUBLIC CHARTER SCHOOLS GOVERNED AND SUPPORTED BY LOCAL BOARDS OF DIRECTORS.
Program accomplishments
- PAVE SCHOOLS, INC. A CHARTER MANAGEMENT ORGANIZATION PROVIDED PAVE ACADEMY CHARTER SCHOOL AND PAVE SOUTHEAST RALEIGH CHARTER SCHOOL WITH MANAGEMENT SERVICES. THIS INCLUDED PROVIDING EDUCATIONAL, OPERATIONAL, FISCAL MANAGEMENT AND HUMAN RESOURCES SERVICES TO BOTH SCHOOLS. AS OF JUNE 30, 2020 THE MANAGEMENT AGREEMENTS BETWEEN PAVE SCHOOLS INC AND PAVE ACADEMY CHARTER SCHOOL AND PAVE SOUTHEAST RALEIGH CHARTER SCHOOL WERE MUTUALLY TERMINATED. DURING FY2025 PAVE SCHOOLS CONTINUES TO WIND DOWN OPERATIONS.Expenses $952,849
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4241997
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $28,503,255
- Income (IRS master file)
- $66,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $66,716 | $980,521 | $28,503,255 | IRS |
| 990 | June 2024 | $16,174 | $990,239 | $29,421,674 | IRS |
| 990 | June 2023 | $22,272 | $1,002,023 | $30,379,221 | IRS |
| 990 | June 2022 | $5,559 | $998,102 | $31,353,489 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4241997).
Questions about PAVE SCHOOLS INC
- What is the EIN of PAVE SCHOOLS INC?
- The employer identification number (EIN) of PAVE SCHOOLS INC is 20-4241997.
- Is PAVE SCHOOLS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to PAVE SCHOOLS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAVE SCHOOLS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PAVE SCHOOLS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAVE SCHOOLS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PAVE SCHOOLS INC?
- The 990 for the year ended June 30, 2025 names PATRICK SWEENEY.
- Who are the officers and directors of PAVE SCHOOLS INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PAVE SCHOOLS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $66,716, expenses of $980,521 and total assets of $28,503,255 at year end.
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