Pace Universal EIN 38-3683155

Pace Universal FY2022 filing

EIN  38-3683155 Public charity (501(c)(3)) Santa Barbara, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers children, especially girls, and women in impoverished areas through education, health, and social change initiatives.
Leadership
Deepa Willingham · Founder · $43K
Money in and out
$149K revenue, $187K expenses
Bottom line
57% program efficiency

Empowers children, especially girls, and women in impoverished areas through education, health, and social change initiatives. For fiscal year 2022 it reported $149K in revenue, $187K in expenses, and $179K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.23 Fundraising $0.20
Program efficiency
57%
of spending reaches programs
Operating runway
11.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$149K
FY2022▼ -8%
Expenses
$187K
FY2022▲ +44%
Total assets
$181K
FY2022▼ -18%
Total liabilities
$2K
FY2022▼ -31%
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$181K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $89K of program spending, described in the organization's own filed words · FY2022.
01

PLC'S outstanding achievements for 2022 covid mandate required PLC to remain closed for most of 2022. However, with a yearning to support our students continued learning we started the year with special offline classes. This allowed our senior students to appear for the state mandated public exam.

$89Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPace Universal
EINHdr · item D38-3683155
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jwww.paceuniversal.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$42,777Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Deepa Biswas Willingham’s $46K as Chair is at the 43rd percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Deepa Willingham$57,450$42,777$36,758
Deepa Biswas Willingham$46,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$149K
Investment income$3
Total revenueLn 12$149K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.23 Fundraising $0.20
Program services57%$106K
Management & general23%$43K
Fundraising20%$38K
Total functional expensesLn 25$187K

Balance Sheet

Part X · end of year
CashLn 1$181K
Total assetsLn 16$181K
Total liabilitiesLn 26$2K
Total net assetsLn 32$179K
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $181K · Operating expenses/yr $187K
11.6 months
Where the money goes
Program services
Program services $106K · Total expenses $187K
57%
Management & General
Management & general $43K · Total expenses $187K
23%
Fundraising
Fundraising $38K · Total expenses $187K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $154K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $149K · Total revenue $149K
100%
Government reliance
Government grants — · Total revenue $149K
Earned-income share
Program service revenue $0 · Total revenue $149K
0%
Investment reliance
Investment income $3 · Total revenue $149K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $187K
0%
Growth & trend
Revenue growth (YoY)
This year $149K · Prior year $162K
-8%
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149K · Expenses $187K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $181K
Net-asset ratio
Net assets $179K · Total assets $181K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $181K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deepa Willingham · Reported title FOUNDER · Highest reported compensation $43K · Total expenses $187K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $46K · Total expenses $187K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 23%
Fundraising cost ratio 26%
Revenue growth -8%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$40K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$117K revenue · ⤓ 990 PDF
FY2023$137K revenue · ⤓ 990 PDF
FY2022$149K revenue · viewing · ⤓ 990 PDF
FY2021$162K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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