Paramount Education Studies INC FY2021 filing

Not tax-deductible

Peoria, AZ501(c)(3)Since 1997EIN 43-1785236Revenue $2.7M in FY2021

On file with the IRSparamountacademy.com11039 W Olive Ave, 85345-9200 · Peoria, AZTax-exempt since Oct 1998School — 170(b)(1)(A)(ii)

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The Schools mission is to prepare all students with authentic skills necessary for a meaningful and successful life.

74¢ of each $1 spent went to programs.
$173K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $427K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$173K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.0M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+7% vs prior year
Spent
$2.5M
To programs
74%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$2.7M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$5.4M
FY2023$106K
FY2024$65K
FY2024$22K
Expenses
$2.5M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.5M
FY2022$2.4M
FY2023$658K
FY2024$769K
FY2024$770K
Net assets
$2.4M
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$5.4M
FY2023$4.9M
FY2024$4.2M
FY2024$3.8M

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.8M Management & general 25% · $619K Fundraising 1% · $21K

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

1 person listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$173,066Pt 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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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

Prepares students with authentic skills for meaningful, successful lives.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2020
01

Operation of charter school

$1.8Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.6M
Fees for servicesLn 2g$113K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.8M
Managementcol C$619K
Fundraisingcol D$21K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$605K
Total assetsLn 16$6.4M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.6M
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$113K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$605K
Cash and savings togetherLn 1–2$605K
Land, buildings, equipmentLn 10c$4.5M
Other assetsLn 15$1.0M
Total assetsLn 16$6.4M
LiabilitiesLn 26$4.0M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$600K$605K
Land, buildings, equipmentLn 10c$4.7M$4.5M
Total assetsLn 16$6.3M$6.4M
LiabilitiesLn 26$4.2M$4.0M
Net assetsLn 32$2.2M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$201K$152K$46K$2K
Other salaries and wagesLn 7$985K$748K$228K$9K
Payroll taxesLn 10$218K$165K$50K$2K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$71K$35K$36K
OccupancyLn 16$142K$108K$33K$1K
InterestLn 20$193K$147K$45K$2K
Depreciation, depletion and amortizationLn 22$183K$139K$42K$2K
Other expenses (24a–d)Ln 24$370K$273K$93K$3K
All other expensesLn 24e$56K$42K$13K$519
Total functional expensesLn 25$2.5M$1.8M$619K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $65K$769K−$704K$4.2M 990 PDF
FY2023 $106K$658K−$552K$4.9M 990 PDF
FY2022 $5.4M$2.4M$3.0M$5.4M 990 PDF
FY2021 Viewing $2.7M$2.5M$259K$2.4M 990 PDF
FY2020 $2.5M$2.4M$116K$2.2M 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 FY2021 990 (6 parts)
Part I · Summary $2,710,760 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,393,033$2,598,053
I-9 Program service revenuePrior year $133,669$112,707
I-10 Investment incomePrior year $6,759$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,533,461$2,710,760
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,322,005$1,403,765
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,095,867$1,047,574
I-18 Total expensesPrior year $2,417,872$2,451,339
I-19 Revenue less expensesPrior year $115,589$259,421
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,710,760 across 6 lines filed
VIII-1e Government grants$2,570,292
VIII-1f All other contributions, gifts and grants$27,761
VIII-1g Noncash contributions (included above)$4,798
VIII-1h Total contributions, gifts and grants$2,598,053
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $112,707$112,707
VIII-12 Total revenueRelated to mission $112,707 · Unrelated business $0 · Excluded from tax $0$2,710,760
Part IX · Statement of functional expenses $2,451,339 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $152,373 · Management $46,498 · Fundraising $1,729$200,600
IX-7 Other salaries and wagesPrograms $748,492 · Management $227,600 · Fundraising $9,305$985,397
IX-10 Payroll taxesPrograms $165,413 · Management $50,329 · Fundraising $2,026$217,768
IX-11b Legal feesManagement $10,105$10,105
IX-11c Accounting feesManagement $23,000$23,000
IX-11g Other fees for servicesPrograms $34,798 · Management $35,871$70,669
IX-16 OccupancyPrograms $108,210 · Management $32,924 · Fundraising $1,325$142,459
IX-20 InterestPrograms $146,557 · Management $44,591 · Fundraising $1,795$192,943
IX-22 Depreciation, depletion and amortizationPrograms $138,856 · Management $42,249 · Fundraising $1,701$182,806
IX-24 Other expenses (24a–d)Programs $273,434 · Management $93,255 · Fundraising $3,090$369,779
IX-24e All other expensesPrograms $42,394 · Management $12,900 · Fundraising $519$55,813
IX-25 Total functional expensesPrograms $1,810,527 · Management $619,322 · Fundraising $21,490$2,451,339
Part X · Balance sheet $6,422,815 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $600,209$605,123
X-4 Accounts receivableStart of year $114,657$233,248
X-9 Prepaid expenses and deferred chargesStart of year $23,499$51,041
X-10c Land, buildings and equipment, netStart of year $4,691,315$4,528,117
X-15 Other assetsStart of year $890,167$1,005,286
X-16 Total assetsStart of year $6,319,847$6,422,815
X-17 Accounts payable and accrued expensesStart of year $160,074$250,760
X-26 Total liabilitiesStart of year $4,163,596$4,007,143
X-27 Net assets without donor restrictionsStart of year $2,092,993$2,415,483
X-28 Net assets with donor restrictionsStart of year $63,258$189
X-32 Total net assets or fund balancesStart of year $2,156,251$2,415,672
X-33 Total liabilities and net assetsStart of year $6,319,847$6,422,815
Part XI · Reconciliation of net assets $2,415,672 net assets at year end
XI-1 Total revenue$2,710,760
XI-2 Total expenses$2,451,339
XI-3 Revenue less expenses$259,421
XI-4 Net assets at start of year$2,156,251
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,415,672

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

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