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Pace Youth Development Corporation FY2021 filing

IRS exemption revoked

Lincroft, NJUnknown exempt organization EIN 22-3652019Revenue $10K in FY2021Latest return filed May 15, 2023

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.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · 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
70 mo
of spending, in cash
Looks good: 69.6 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
$10K
-66% vs prior year
Spent
$7K
To programs
66%
Net assets
$54K
By yearFY2020–FY2022
Revenue
$10K
FY2021▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$28K
FY2021$10K
FY2022$2K
Expenses
$7K
FY2021▼ -74%
Tap a bar for its year
Expenses by fiscal year
FY2020$29K
FY2021$7K
FY2022$1K
Net assets
$54K
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$52K
FY2021$54K
FY2022$56K

From the FY2021 Form 990 (year ending July 2021) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on October 15, 2025
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

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% · $5K Management & general 22% · $2K Fundraising 12% · $861

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 (FY2020); the FY2021 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 · $5K · in their own filed words · FY2020
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

$4Kprogram expense
02

2 engineering trips (33) students and trip , college trip (33)

$598program expense
03

Books and projects kits for math and engineering classes 45 students served

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10K
Ln 12
Gifts and grantsLn 1h$9K
Other incomeLn 4–11$300
Investment incomeLn 3$35
Money outPt IX
$7K
Ln 25
Programscol B$5K
Managementcol C$2K
Fundraisingcol D$861
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$54K
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$9K
Investment incomeLn 3$35
Other incomeLn 4–11$300
Total revenueLn 12$10K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$43K
Other assetsLn 15$11K
Total assetsLn 16$54K
LiabilitiesLn 26$0
Net assetsLn 32$54K
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 FY21End FY21
Cash and savingsLn 1–2$42K$43K
Total assetsLn 16$52K$54K
LiabilitiesLn 26$0$0
Net assetsLn 32$52K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$595$595
Advertising and promotionLn 12$216$216
Office expensesLn 13$613$613
Conferences, conventions and meetingsLn 19$41$41
Other expenses (24a–d)Ln 24$5K$4K$585
All other expensesLn 24e$1K$674$216$276
Total functional expensesLn 25$7K$5K$2K$861

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS May 15, 2023 $2K$1K$1K$56K 990 PDF
FY2021 ViewingFiled with the IRS Feb 21, 2022 $10K$7K$2K$54K 990 PDF
FY2020Filed with the IRS Mar 4, 2021 $28K$29K−$255$52K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $9,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,923$9,223
I-9 Program service revenuePrior year $13,781$0
I-10 Investment incomePrior year $154$35
I-11 Other revenuePrior year $1,522$300
I-12 Total revenuePrior year $28,380$9,558
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 $28,635$7,390
I-18 Total expensesPrior year $28,635$7,390
I-19 Revenue less expensesPrior year −$255$2,168
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 $9,558 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,223
VIII-1h Total contributions, gifts and grants$9,223
VIII-3 Investment incomeExcluded from tax $35$35
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300$300
VIII-12 Total revenueRelated to mission $300 · Excluded from tax $35$9,558
Part IX · Statement of functional expenses $7,390 across 6 lines filed
IX-11c Accounting feesManagement $595$595
IX-12 Advertising and promotionManagement $216$216
IX-13 Office expensesManagement $613$613
IX-19 Conferences, conventions and meetingsPrograms $41$41
IX-24 Other expenses (24a–d)Programs $4,174 · Fundraising $585$4,759
IX-24e All other expensesPrograms $674 · Management $216 · Fundraising $276$1,166
IX-25 Total functional expensesPrograms $4,889 · Management $1,640 · Fundraising $861$7,390
Part X · Balance sheet $54,283 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $31,340$31,924
X-2 Savings and temporary cash investmentsStart of year $10,899$10,934
X-15 Other assetsStart of year $9,876$11,425
X-16 Total assetsStart of year $52,115$54,283
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $52,115$54,283
X-33 Total liabilities and net assetsStart of year $52,115$54,283
Part XI · Reconciliation of net assets $54,283 net assets at year end
XI-1 Total revenue$9,558
XI-2 Total expenses$7,390
XI-3 Revenue less expenses$2,168
XI-4 Net assets at start of year$52,115
XI-10 Net assets at end of year$54,283

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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