Nonprofit · EIN 58-0706812
PACE ACADEMY INC
Tax-exempt · ATLANTA, GA 30327
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $55,149,925 | $51,959,990 | $3,189,935 | $216,047,473 | $33,941,859 | $182,105,614 |
| June 30, 2024 | 990 | $52,814,396 | $49,384,115 | $3,430,281 | $207,548,449 | $32,934,407 | $174,614,042 |
| June 30, 2023 | 990 | $44,552,991 | $45,694,119 | -$1,141,128 | $203,015,729 | $36,711,925 | $166,303,804 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,569,943
- Program service revenue
- $46,593,786
- Investment income
- $3,382,007
- Net rental income
- -$502,472
- Net gain from sales of assets
- $102,857
- Net income from fundraising events
- $41,381
- Net income from sales of inventory
- $65,280
- Other revenue
- -$395,811
Expenses
- Grants and similar amounts paid
- $3,783,246
- Compensation of officers, directors and key employees
- $1,314,442
- Other salaries and wages
- $21,715,767
- Salaries, compensation and benefits (total)
- $29,012,779
- Professional fundraising fees
- $0
- Legal fees
- $274,386
- Accounting fees
- $69,500
- Occupancy
- $3,663,823
- Travel
- $2,026,596
- Depreciation
- $4,330,824
- Program services (functional)
- $44,547,297
- Management and general (functional)
- $5,438,550
- Fundraising (functional)
- $1,974,143
Balance sheet and other
- Total assets, start of year
- $207,548,449
- Total assets, end of year
- $216,047,473
- Total liabilities, end of year
- $33,941,859
- Net assets, end of year
- $182,105,614
- Land, buildings and equipment
- $87,869,658
- Publicly traded securities
- $45,782,151
- Net assets without donor restrictions
- $160,916,893
- Net assets with donor restrictions
- $21,188,721
- Gross unrelated business income
- $30,005
- Gross receipts
- $57,072,888
- Employees
- 503
- Volunteers
- 1,115
- Year formed
- 1958
- State of legal domicile
- GA
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 | Other / benefits |
|---|---|---|---|---|
| FRED G ASSAF | HEAD OF SCHOOL Officer | 40 | $839,442 | $198,958 |
| AJ LASHLEY | CFO Officer | 40 | $338,108 | $38,601 |
| MICHAEL GANNON | HEAD OF UPPER SCHOOL Highest-paid employee | 40 | $245,622 | $47,404 |
| DOROTHY HUTCHESON | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $234,195 | $46,912 |
| HEATHER WHITE | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $232,957 | $43,998 |
| David Fortier | Director of Facilities Highest-paid employee | 40 | $194,694 | $31,317 |
| Graham Anthony | Head of MIddle School Highest-paid employee | 40 | $195,485 | $26,635 |
| JUSTIN BERMAN | Secretary Trustee or director | 0 | $0 | $0 |
| CAMERON M BREADY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DAN BROOKS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RONNIE BROWN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MARISA CHIN YEE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ELIZABETH CORRELL RICHARDS | Chair Trustee or director | 0 | $0 | $0 |
| KENNETH CRUMLEY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| STEVEN J DEFRANCIS | TRUSTEE Trustee or director | 0 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER DEXTER | TRUSTEE Trustee or director | 0 | $0 |
| MIKE DOHENY | TRUSTEE Trustee or director | 0 | $0 |
| RYAN C GLOVER | TRUSTEE Trustee or director | 0 | $0 |
| DEREK J HARDESTY | TRUSTEE Trustee or director | 0 | $0 |
| AMY HERTZ AGAMI | TRUSTEE Trustee or director | 0 | $0 |
| TERRI JANKI | TRUSTEE Trustee or director | 0 | $0 |
| DR MICHELE M JOHNSON | TRUSTEE Trustee or director | 0 | $0 |
| KIM JONES | TRUSTEE Trustee or director | 0 | $0 |
| WENKE LEE | TRUSTEE Trustee or director | 0 | $0 |
| LAUREN LINDER | TRUSTEE Trustee or director | 0 | $0 |
| JIM MASKE | TRUSTEE Trustee or director | 0 | $0 |
| GREGORY MCKITTRICK SIMMONS JR | Vice Chair Trustee or director | 0 | $0 |
| Dr Erin Bowman | Trustee Trustee or director | 0 | $0 |
| Greg Greenbaum | Trustee Trustee or director | 0 | $0 |
| Tiffany Burns | Trustee Trustee or director | 0 | $0 |
| Lauren Lorberbaum | Trustee Trustee or director | 0 | $0 |
| Bijon Memar | Trustee Trustee or director | 0 | $0 |
| Caren Merlin | Trustee Trustee or director | 0 | $0 |
| B Craig Owens | Trustee Trustee or director | 0 | $0 |
| Palmer Proctor | Trustee Trustee or director | 0 | $0 |
| Douglas R Shanley-Balyeat | Trustee Trustee or director | 0 | $0 |
| Alan H Shaw | Trustee Trustee or director | 0 | $0 |
| Sandeep Soni | Trustee Trustee or director | 0 | $0 |
| Nicole Wu LaManna | Trustee Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRED G ASSAF | HEAD OF SCHOOL Officer | 40 | $805,036 | $195,384 |
| AJ LASHLEY | CFO Officer | 40 | $311,360 | $35,201 |
| MICHAEL GANNON | HEAD OF UPPER SCHOOL Highest-paid employee | 40 | $233,222 | $43,874 |
| DOROTHY HUTCHESON | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $228,196 | $43,465 |
| HEATHER WHITE | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $222,759 | $40,543 |
| KELLIE OWENS | CHIEF HUMAN RESOURCE OFFICER Highest-paid employee | 40 | $170,370 | $46,859 |
| DAVID FORTIER | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $169,294 | $45,126 |
| JUSTIN BERMAN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| CAMERON M BREADY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DAN BROOKS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RONNIE BROWN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MARISA CHIN YEE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ELIZABETH CORRELL RICHARDS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KENNETH CRUMLEY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| STEVEN J DEFRANCIS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| HEATHER DEXTER | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MIKE DOHENY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| NICOLE FELTON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RYAN C GLOVER | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DEREK J HARDESTY | TRUSTEE Trustee or director | 0 | $0 | $0 |
| CHARLES B HASTIE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| AMY HERTZ AGAMI | TRUSTEE Trustee or director | 0 | $0 | $0 |
| TERRI JANKI | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DR MICHELE M JOHNSON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KIM JONES | TRUSTEE Trustee or director | 0 | $0 | $0 |
| WENKE LEE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| JESSICA LEVENSON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| LAUREN LINDER | TRUSTEE Trustee or director | 0 | $0 | $0 |
| JIM MASKE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| TED MCMULLAN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| BIJON MEMAR | TRUSTEE Trustee or director | 0 | $0 | $0 |
| CAREN MERLIN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| B CRAIG OWENS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| PALMER PROCTOR | TRUSTEE Trustee or director | 0 | $0 | $0 |
| BILL SELMON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DOUGLAS R SHANLEY-BALYEAT | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ALAN H SHAW | TRUSTEE Trustee or director | 0 | $0 | $0 |
| GREGORY MCKITTRICK SIMMONS JR | TRUSTEE Trustee or director | 0 | $0 | $0 |
| SANDEEP SONI | TRUSTEE Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frederick G Assaf | Head of School Officer | 40 | $725,949 | $193,699 |
| Aj Lashley | CFO Officer | 40 | $280,220 | $32,556 |
| Heather L White | Director of Advancement Highest-paid employee | 40 | $241,772 | $36,512 |
| Michael Gannon | Head of Upper School Highest-paid employee | 40 | $213,391 | $42,369 |
| Dorothy Hutheson | Head of Lower School Highest-paid employee | 40 | $188,318 | $35,714 |
| Graham Anthony | Head of Middle School Highest-paid employee | 40 | $167,126 | $22,946 |
| Jennifer McGurn | Director of Admissions Highest-paid employee | 40 | $156,009 | $33,257 |
| Cameron M Bready | Trustee Trustee or director | 0 | $0 | $0 |
| Dan Brooks | Trustee Trustee or director | 0 | $0 | $0 |
| Ronnie Brown | Trustee Trustee or director | 0 | $0 | $0 |
| Marisa Chin Yee | Trustee Trustee or director | 0 | $0 | $0 |
| Elizabeth Correll Richards | Trustee Trustee or director | 0 | $0 | $0 |
| Kenneth Crumley | Trustee Trustee or director | 0 | $0 | $0 |
| Steven J DeFrancis | Trustee Trustee or director | 0 | $0 | $0 |
| Heather Dexter | Trustee Trustee or director | 0 | $0 | $0 |
| Mike Doheny | Trustee Trustee or director | 0 | $0 | $0 |
| Derek J Hardesty | Trustee Trustee or director | 0 | $0 | $0 |
| Charles B Hastie | Trustee Trustee or director | 0 | $0 | $0 |
| Amy Hertz Agami | Trustee Trustee or director | 0 | $0 | $0 |
| Cara Isdell Lee | Trustee (leave of absence) Trustee or director | 0 | $0 | $0 |
| Dr Michele M Johnson | Trustee Trustee or director | 0 | $0 | $0 |
| Wenke Lee | Trustee Trustee or director | 0 | $0 | $0 |
| Jessica Levenson | Trustee Trustee or director | 0 | $0 | $0 |
| Lauren Linder | Trustee Trustee or director | 0 | $0 | $0 |
| Jim Maske | Trustee Trustee or director | 0 | $0 | $0 |
| Ted McMullan | Trustee Trustee or director | 0 | $0 | $0 |
| Bijon Memar | Trustee Trustee or director | 0 | $0 | $0 |
| Caren Merlin | Trustee Trustee or director | 0 | $0 | $0 |
| Beatriz R Perez | Trustee Trustee or director | 0 | $0 | $0 |
| Bill Selmon | Trustee Trustee or director | 0 | $0 | $0 |
| Douglas R Shanley-Balyeat | Trustee Trustee or director | 0 | $0 | $0 |
| Gregory McKittrick Simmons Jr | Trustee Trustee or director | 0 | $0 | $0 |
| Sandeep Soni | Trustee Trustee or director | 0 | $0 | $0 |
| Reid T Funston | Trustee Trustee or director | 0 | $0 | $0 |
| Nicole Felton | Trustee Trustee or director | 0 | $0 | $0 |
| B Craig Owens '72 | Trustee Trustee or director | 0 | $0 | $0 |
| Judge Clude L Reese III | Trustee Trustee or director | 0 | $0 | $0 |
| Alan H Shaw | Trustee Trustee or director | 0 | $0 | $0 |
| Daniel J Ferry | Trustee Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 966 W PACES FERRY RD NW, ATLANTA, GA 30327-2648
- In care of
- % AJ LASHLEY
- Principal officer (990 for 2024)
- FREDERICK G ASSAF, 966 WEST PACES FERRY ROAD NW, ATLANTA, GA 303272648
- Signed the 990
- AJ LASHLEY, CFO
- Phone
- (404) 262-1345
- Website
- WWW.PACEACADEMY.ORG
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
OUR MISSION IS TO CREATE PREPARED, CONFIDENT CITIZENS OF THE WORLD WHO HONOR THE VALUES OF PACE ACADEMY.
Program accomplishments
- INSTRUCTION - PACE ACADEMY WAS ESTABLISHED IN 1958 AS AN INDEPENDENT COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL. THE ENROLLMENT IS 1,150 STUDENTS IN PRE-FIRST THROUGH 12TH GRADES. PACE STRIVES TO CREATE AN INNOVATIVE LEARNING ENVIRONMENT THROUGH COLLABORATION, CHALLENGING CURRICULUM, OUTSTANDING TEACHING AND CO-CURRICULAR OFFERINGS. IT MEANS WE REQUIRE STUDENTS TO PLUG INTO THE WORLD AROUND THEM, PUSH BEYOND THEIR COMFORT ZONES AND ACCOMPLISH THINGS THEY NEVER THOUGHT POSSIBLE. PACE STARTS SMALL TO MAKE THESE BIG THINGS HAPPEN BY FOCUSING ON THE INDIVIDUAL STUDENT, MAINTAINING SMALL CLASS SIZES, EMPHASIZING MEANINGFUL STUDENT-TEACHER RELATIONSHIPS AND FOSTERING AN INCLUSIVE, NURTURING COMMUNITY.Expenses $34,510,875 · grants $3,609,732 · revenue $42,769,030
- ISDELL CENTER FOR GLOBAL LEADERSHIP - IN 2014, PACE ACADEMY LAUNCHED THE ISDELL CENTER FOR GLOBAL LEADERSHIP (ICGL), A COLLABORATIVE, CROSS-DIVISIONAL PROGRAM THAT SUPPORTS A WELL-ROUNDED GLOBAL EDUCATION FOR EVERY PACE STUDENT. THE ICGL TAKES THE BUILDING BLOCKS OF THE FIVE-COURSE CURRICULUM AND GIVES STUDENTS IN THE LOWER, MIDDLE AND UPPER SCHOOLS THE OPPORTUNITY TO APPLY THEIR KNOWLEDGE IN WAYS THAT ENABLE THEM TO BECOME ETHICAL, EMPATHETIC, INNOVATIVE, CULTURALLY COMPETENT AND ADAPTABLE CITIZENS OF THE WORLD. FROM THE TIME A STUDENT ENTERS PACE'S DOORS UNTIL GRADUATION, ALL EDUCATIONAL EXPERIENCES ARE VIEWED THROUGH AN OVERARCHING GLOBAL LENS. THE ICGL FOSTERS THIS CULTURE OF GLOBAL LEARNING AND LEADERSHIP BY EXPLORING AN ANNUAL, SCHOOL-WIDE GLOBAL THEME. CURRICULAR, CO-CURRICULAR AND HANDS-ON ACTIVITIES, A SCHOLAR-IN-RESIDENCE PROGRAM, LEADERSHIP FELLOWSHIPS, INTERNSHIPS AND STUDY TOURS SUPPORT EDUCATION AROUND THESE THEMES. IN A TYPICAL YEAR, THE ICGL STUDY TOURS CONSIST OF APPROXIMATELY 20 TRIPS, WITH APPROXIMATELY 350 STUDENTS AND 60 FACULTY/STAFF TRAVLING TO COUNTRIES THROUGHOUT THE WORLD, INCLUDING SOUTH AMERICA, EUROPE, AFRICA, ASIA AND AUSTRALIA.Expenses $2,587,918 · grants $48,525 · revenue $1,764,334
- STUDENT ACTIVITIES - PACE ACADEMY OFFERS A VARIETY OF STUDENT ACTIVITIES INCLUDING ARTS, DEBATE AND ATHLETICS. OVER 30 YEARS THE PACE DEBATE PROGRAM HAS GROWN INTO A NATIONALLY RECOGNIZED PROGRAM WITH A LONG-STANDING HISTORY OF EXCELLENCE. THE PACE ARTS PROGRAM OFFERS A UNIQUE VARIETY OF PERFORMING AND VISUAL ARTS FOR STUDENTS TO PARTICIPATE IN, AND BOASTS A WORLD CLASS FINE ARTS CENTER. 72% OF UPPER SCHOOL STUDENTS PARTICIPATE IN THE ARTS. UPPER SCHOOL STUDENTS ARE REQUIRED TO COMPLETE SERVICE LEARNING, AND THE AVERAGE GRADUATING SENIOR HAS 90 HOURS OF COMMUNITY SERVICE. THE PACE ATHLETICS PROGRAM CONSISTENTLY PRODUCES CHAMPIONSHIP TEAMS AND ATHLETES, AND APPROXIMATELY 85% OF MIDDLE AND UPPER SCHOOL STUDENTS PLAY ON AT LEAST ONE TEAM.Expenses $5,569,328 · grants $122,489 · revenue $558,803
- OTHER PROGRAMSExpenses $1,879,176 · grants $2,500 · revenue $1,208,368
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
- 58-0706812
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $216,047,473
- Income (IRS master file)
- $57,072,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $55,149,925 | $51,959,990 | $216,047,473 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $52,814,396 | $49,384,115 | $207,548,449 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $44,552,991 | $45,694,119 | $203,015,729 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $52,734,440 | $41,819,272 | $205,828,647 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 58-0706812).
Questions about PACE ACADEMY INC
- What is the EIN of PACE ACADEMY INC?
- The employer identification number (EIN) of PACE ACADEMY INC is 58-0706812.
- Is PACE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to PACE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACE ACADEMY 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 PACE ACADEMY 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 PACE ACADEMY 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 PACE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names FREDERICK G ASSAF.
- Who are the officers and directors of PACE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 39 people; 7 received compensation from the organization, the highest $839,442 (FRED G ASSAF, HEAD OF SCHOOL).
- How much revenue does PACE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $55,149,925, expenses of $51,959,990 and total assets of $216,047,473 at year end.
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