Paramount Education Studies INC FY2022 filing

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

83¢ of each $1 spent went to programs.
$177K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $231K a year · 13% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$177K
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
24 mo
of spending, in cash
Looks good: 24.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$33K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
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
$5.4M
+100% vs prior year
Spent
$2.4M
To programs
83%
Net assets
$5.4M
By yearFY2020–FY2025
Revenue
$5.4M
FY2022▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$5.4M
FY2023$106K
FY2024$65K
FY2025$22K
Expenses
$2.4M
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.5M
FY2022$2.4M
FY2023$658K
FY2024$769K
FY2025$770K
Net assets
$5.4M
FY2022▲ +125%
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
FY2025$3.8M

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

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1998.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.0M Management & general 17% · $408K

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; $177K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$177,467Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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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1 program · $2.0M · in their own filed words · FY2021
01

Operation of charter school

$2.0Mprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Investment incomeLn 3$2.9M
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$34K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.0M
Managementcol C$408K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.8M
Total assetsLn 16$5.5M
LiabilitiesLn 26$33K
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$2.5M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$34K
Investment incomeLn 3$2.9M
Gains on assetsLn 7$2.9M
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$484K
SavingsLn 2$4.4M
Cash and savings togetherLn 1–2$4.8M
Land, buildings, equipmentLn 10c$556K
Total assetsLn 16$5.5M
LiabilitiesLn 26$33K
Net assetsLn 32$5.4M
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 FY22End FY22
Cash and savingsLn 1–2$605K$4.8M
Land, buildings, equipmentLn 10c$4.5M$556K
Total assetsLn 16$6.4M$5.5M
LiabilitiesLn 26$4.0M$33K
Net assetsLn 32$2.4M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$178K$160K$18K
Other salaries and wagesLn 7$1.0M$930K$103K
Pension plan contributionsLn 8$96K$86K$10K
Other employee benefitsLn 9$46K$41K$5K
Payroll taxesLn 10$55K$49K$5K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$31K$16K$16K
Office expensesLn 13$1K$577$577
Information technologyLn 14$91K$45K$45K
OccupancyLn 16$386K$348K$39K
TravelLn 17$21K$21K
InterestLn 20$135K$122K$14K
Depreciation, depletion and amortizationLn 22$51K$46K$5K
InsuranceLn 23$42K$21K$21K
Other expenses (24a–d)Ln 24$175K$117K$58K
All other expensesLn 24e$295$295
Total functional expensesLn 25$2.4M$2.0M$408K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22K$770K−$748K$3.8M 990 PDF
FY2024 $65K$769K−$704K$4.2M 990 PDF
FY2023 $106K$658K−$552K$4.9M 990 PDF
FY2022 Viewing $5.4M$2.4M$3.0M$5.4M 990 PDF
FY2021 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,426,875 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,598,053$2,488,752
I-9 Program service revenuePrior year $112,707$34,027
I-10 Investment income$2,904,096
I-11 Other revenue$0
I-12 Total revenuePrior year $2,710,760$5,426,875
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,403,765$1,407,521
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,047,574$1,002,206
I-18 Total expensesPrior year $2,451,339$2,409,727
I-19 Revenue less expensesPrior year $259,421$3,017,148
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 $5,426,875 across 7 lines filed
VIII-1e Government grants$2,485,581
VIII-1f All other contributions, gifts and grants$3,171
VIII-1h Total contributions, gifts and grants$2,488,752
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,027$34,027
VIII-3 Investment incomeRelated to mission $15,140$15,140
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,888,956$2,888,956
VIII-12 Total revenueRelated to mission $2,938,123 · Unrelated business $0 · Excluded from tax $0$5,426,875
Part IX · Statement of functional expenses $2,409,727 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $159,720 · Management $18,347$178,067
IX-7 Other salaries and wagesPrograms $929,547 · Management $103,283$1,032,830
IX-8 Pension plan contributionsPrograms $85,959 · Management $9,551$95,510
IX-9 Other employee benefitsPrograms $41,234 · Management $5,144$46,378
IX-10 Payroll taxesPrograms $49,262 · Management $5,474$54,736
IX-11b Legal feesManagement $3,095$3,095
IX-11c Accounting feesManagement $65,208$65,208
IX-11g Other fees for servicesPrograms $15,578 · Management $15,577$31,155
IX-13 Office expensesPrograms $577 · Management $577$1,154
IX-14 Information technologyPrograms $45,494 · Management $45,494$90,988
IX-16 OccupancyPrograms $347,792 · Management $38,643$386,435
IX-17 TravelPrograms $21,477$21,477
IX-20 InterestPrograms $121,511 · Management $13,501$135,012
IX-22 Depreciation, depletion and amortizationPrograms $45,627 · Management $5,070$50,697
IX-23 InsurancePrograms $20,992 · Management $20,991$41,983
IX-24 Other expenses (24a–d)Programs $116,657 · Management $58,050$174,707
IX-24e All other expensesPrograms $295$295
IX-25 Total functional expensesPrograms $2,001,722 · Management $408,005 · Fundraising $0$2,409,727
Part X · Balance sheet $5,466,099 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $605,123$484,289
X-2 Savings and temporary cash investments$4,354,814
X-4 Accounts receivableStart of year $233,248$56,946
X-9 Prepaid expenses and deferred chargesStart of year $51,041$14,223
X-10c Land, buildings and equipment, netStart of year $4,528,117$555,827
X-16 Total assetsStart of year $6,422,815$5,466,099
X-17 Accounts payable and accrued expensesStart of year $250,760$33,279
X-26 Total liabilitiesStart of year $4,007,143$33,279
X-27 Net assets without donor restrictionsStart of year $2,415,483$5,432,820
X-32 Total net assets or fund balancesStart of year $2,415,672$5,432,820
X-33 Total liabilities and net assetsStart of year $6,422,815$5,466,099
Part XI · Reconciliation of net assets $5,432,820 net assets at year end
XI-1 Total revenue$5,426,875
XI-2 Total expenses$2,409,727
XI-3 Revenue less expenses$3,017,148
XI-4 Net assets at start of year$2,415,672
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,432,820

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

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