Paramount Education Studies INC EIN 43-1785236 Form 990 (PDF) Claim this org

Paramount Education Studies INC

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Prepares students with authentic skills for meaningful, successful lives. For fiscal year 2024 it reported $22K in revenue, $770K in expenses, and $3.8M in net assets.Pt I

Founded
1997
Type
Public charity (501(c)(3)) · Nonprofit
Location
Peoria, AZ
Website
paramountacademy.com
Filings
5 on file (2020–2024)
Revenue
$22KFY2024
Expenses
$770K
Net assets
$3.8M
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1785236 Public charity (501(c)(3)) Peoria, AZ Founded 1997
Form 990 (PDF)
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Size
<$100K
What they do
Prepares students with authentic skills for meaningful, successful lives.
Leadership
Dale R Cline · President · $147K
Money in and out
$22K revenue, $770K expenses
Bottom line
50% program efficiency
Where the money goes · FY2024
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$748K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.50
Program efficiency
50%
of spending reaches programs>-0.01% vs prior filing year
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate▼ -51% vs prior filing year
Surplus margin
-3340%
revenue over expenses, this year▼ -209% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$22K
FY2024▼ -66%
Expenses
$770K
FY2024+0.10%
Total assets
$3.8M
FY2024▼ -9%
Total liabilities
$17K
FY2024-0.1%
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$748K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CParamount Education Studies INC
EINHdr · item D43-1785236
Principal addressHdr · item CPeoria, AZ
WebsiteHdr · item Jparamountacademy.com
Year of formationHdr · item L1997
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
President
$147,068Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dale R Cline$147,068$161,913$181,995$177,467$173,066$172,574

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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Mission & Programs · Part III

Where the work happens

1 program service account for $385K of program spending, described in the organization's own filed words · FY2024.
01

The organization is preparing to open a new educational institution.

$385Kprogram expense

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Statement of Revenue

Part VIII
Investment income$22K · 99%
Program service revenue$147 · 1%
Investment income99%$22K
Program service revenue1%$147
Total revenueLn 12$22K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.50
Program services50%$385K
Management & general50%$385K
Total functional expensesLn 25$770K

Balance Sheet

Part X · end of year
CashLn 1$607K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$17K
Total net assetsLn 32$3.8M
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $607K · Operating expenses/yr $770K
9.5 months
Where the money goes
Program services
Program services $385K · Total expenses $770K
50%
Management & General
Management & general $385K · Total expenses $770K
50%
Fundraising
Fundraising $0 · Total expenses $770K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $67
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $22K
0%
Government reliance
Government grants — · Total revenue $22K
Earned-income share
Program service revenue $147 · Total revenue $22K
0.7%
Investment reliance
Investment income $22K · Total revenue $22K
+99%
Program self-sufficiency
Program service revenue $147 · Total expenses $770K
0.02%
Growth & trend
Revenue growth (YoY)
This year $22K · Prior year $65K
-66%
Revenue CAGR
FY2019 $2.5M · FY2024 $22K
-61%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22K · Expenses $770K
-3340%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
Net-asset ratio
Net assets $3.8M · Total assets $3.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dale R Cline · Reported title President · Highest reported compensation $147K · Total expenses $770K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $417K · Total expenses $770K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 50%
Overhead ratio 50%
Revenue growth -66%

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.

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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$65K revenue · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022$5.4M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$2.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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