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Pace Youth Development Corporation

IRS exemption revoked

Lincroft, NJUnknown exempt organizationEIN 22-3652019Revenue $2K in FY2022

On file with the IRSpace-monmouth.orgP O Box 493 · Lincroft, NJ

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Youth program for careers in engineering

66¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $1K a year · 8% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
501 mo
of spending, in cash
Looks good: 500.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
-76% vs prior year
Spent
$1K
To programs
66%
Net assets
$56K
By yearFY2020–FY2022
Revenue
$2K
FY2022▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2020$28K
FY2021$10K
FY2022$2K
Expenses
$1K
FY2022▼ -86%
Tap a bar for its year
Expenses by fiscal year
FY2020$29K
FY2021$7K
FY2022$1K
Net assets
$56K
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$52K
FY2021$54K
FY2022$56K

From the FY2022 Form 990 (year ending July 2022) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on October 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $703 Management & general 34% · $355

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Mr John M Jones
Executive Di
$0Pt VII · Sec A
Mrs Nicole Willis
Deputy Execu
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mr Michael Perry
Engineering
$0Pt VII · Sec A
Ms Dolly Ocholla
Director of
$0Pt VII · Sec A
See Pace Youth Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps young people explore and enter engineering careers.

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Provided by the organization

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3 programs · $703 · in their own filed words · FY2021
01

NETWORKING/ cultural events (conferences) for all students, staff and parents. Graduation and awards ceremony honoring graduating seniors and other students who excelled in academics and leadership endeavors. Printed flyer, brochures and acknowledgements recognizing the program activities.

$368program expense
02

2 engineering trips (0) students and trip , college trip (0). Due to COVID19 epidemic, pace operated in an abbreviated capacty to service administration and miscellaneous expenses.

$335program expense
03

Books and projects kits for math and engineering classes (0) students served. Due to COVID19 epidemic, pace operated in an abbreviated capacty to service administration and miscellaneous expenses.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2K
Ln 12
Gifts and grantsLn 1h$2K
Money outPt IX
$1K
Ln 25
Programscol B$703
Managementcol C$355
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$56K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Government grantsLn 1e$685
Total revenueLn 12$2K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$44K
Other assetsLn 15$11K
Total assetsLn 16$56K
LiabilitiesLn 26$0
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$43K$44K
Total assetsLn 16$54K$56K
LiabilitiesLn 26$0$0
Net assetsLn 32$54K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$270$270
Conferences, conventions and meetingsLn 19$85$85
Other expenses (24a–d)Ln 24$703$703
Total functional expensesLn 25$1K$703$355$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $2K$1K$1K$56K 990 PDF
FY2021 $10K$7K$2K$54K 990 PDF
FY2020 $28K$29K−$255$52K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,340 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,223$2,340
I-9 Program service revenue$0
I-10 Investment incomePrior year $35$0
I-11 Other revenuePrior year $300$0
I-12 Total revenuePrior year $9,558$2,340
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,390$1,058
I-18 Total expensesPrior year $7,390$1,058
I-19 Revenue less expensesPrior year $2,168$1,282
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,340 across 4 lines filed
VIII-1e Government grants$685
VIII-1f All other contributions, gifts and grants$1,655
VIII-1h Total contributions, gifts and grants$2,340
VIII-12 Total revenue$2,340
Part IX · Statement of functional expenses $1,058 across 3 lines filed
IX-13 Office expensesManagement $270$270
IX-19 Conferences, conventions and meetingsManagement $85$85
IX-24 Other expenses (24a–d)Programs $703$703
IX-25 Total functional expensesPrograms $703 · Management $355 · Fundraising $0$1,058
Part X · Balance sheet $55,565 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $31,924$33,206
X-2 Savings and temporary cash investmentsStart of year $10,934$10,934
X-15 Other assetsStart of year $11,425$11,425
X-16 Total assetsStart of year $54,283$55,565
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $54,283$55,565
X-33 Total liabilities and net assetsStart of year $54,283$55,565
Part XI · Reconciliation of net assets $55,565 net assets at year end
XI-1 Total revenue$2,340
XI-2 Total expenses$1,058
XI-3 Revenue less expenses$1,282
XI-4 Net assets at start of year$54,283
XI-10 Net assets at end of year$55,565

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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