Paramount Education Studies INC FY2023 filing

Not tax-deductible

Peoria, AZ501(c)(3)Since 1997EIN 43-1785236Revenue $106K in FY2023

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.

52¢ of each $1 spent went to programs.
$182K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$182K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
62 mo
of spending, in cash
Looks good: 61.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$47K
1.0% 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
$106K
-98% vs prior year
Spent
$658K
To programs
52%
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$106K
FY2023▼ -98%
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
$658K
FY2023▼ -73%
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
$4.9M
FY2023▼ -10%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

52 cents of each dollar spent went to programs.

Program services 52% · $342K Management & general 48% · $316K

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; $182K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$181,995Pt 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 · $342K · in their own filed words · FY2022
01

Operation of charter school

$342Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Investment incomeLn 3$88K
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$8K
Money outPt IX
$658K
Ln 25
Programscol B$342K
Managementcol C$316K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$4.9M
LiabilitiesLn 26$47K
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$10K
Government grantsLn 1e$10K
Fees for servicesLn 2g$8K
Investment incomeLn 3$88K
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$2K
Total assetsLn 16$4.9M
LiabilitiesLn 26$47K
Net assetsLn 32$4.9M
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 FY23End FY23
Cash and savingsLn 1–2$4.8M$3.4M
Land, buildings, equipmentLn 10c$556K$1.5M
Total assetsLn 16$5.5M$4.9M
LiabilitiesLn 26$33K$47K
Net assetsLn 32$5.4M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$192K$96K$96K
Other salaries and wagesLn 7$225K$134K$91K
Pension plan contributionsLn 8$5K$3K$3K
Other employee benefitsLn 9$52K$26K$26K
Payroll taxesLn 10$27K$13K$13K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$2K$999$999
Information technologyLn 14$8K$4K$4K
OccupancyLn 16$44K$22K$22K
TravelLn 17$20K$10K$10K
InterestLn 20$206$103$103
Depreciation, depletion and amortizationLn 22$38K$19K$19K
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$22K$11K$10K
Total functional expensesLn 25$658K$342K$316K$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 Viewing $106K$658K−$552K$4.9M 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $106,245 revenue, 12 lines filed
I-8 Contributions and grants$9,800
I-9 Program service revenue$8,255
I-10 Investment income$88,190
I-11 Other revenue$0
I-12 Total revenue$106,245
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$501,729
I-16a Professional fundraising fees$0
I-17 Other expenses$156,749
I-18 Total expenses$658,478
I-19 Revenue less expenses−$552,233
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 $106,245 across 6 lines filed
VIII-1e Government grants$9,598
VIII-1f All other contributions, gifts and grants$202
VIII-1h Total contributions, gifts and grants$9,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,255$8,255
VIII-3 Investment incomeRelated to mission $88,190$88,190
VIII-12 Total revenueRelated to mission $96,445 · Unrelated business $0 · Excluded from tax $0$106,245
Part IX · Statement of functional expenses $658,478 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $96,154 · Management $96,154$192,308
IX-7 Other salaries and wagesPrograms $134,165 · Management $91,028$225,193
IX-8 Pension plan contributionsPrograms $2,635 · Management $2,635$5,270
IX-9 Other employee benefitsPrograms $26,041 · Management $26,041$52,082
IX-10 Payroll taxesPrograms $13,438 · Management $13,438$26,876
IX-11b Legal feesManagement $3,600$3,600
IX-11c Accounting feesManagement $14,300$14,300
IX-13 Office expensesPrograms $999 · Management $999$1,998
IX-14 Information technologyPrograms $4,053 · Management $4,053$8,106
IX-16 OccupancyPrograms $22,237 · Management $22,237$44,474
IX-17 TravelPrograms $10,049 · Management $10,049$20,098
IX-20 InterestPrograms $103 · Management $103$206
IX-22 Depreciation, depletion and amortizationPrograms $19,031 · Management $19,030$38,061
IX-23 InsurancePrograms $2,037 · Management $2,038$4,075
IX-24 Other expenses (24a–d)Programs $11,394 · Management $10,437$21,831
IX-25 Total functional expensesPrograms $342,336 · Management $316,142 · Fundraising $0$658,478
Part X · Balance sheet $4,927,551 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $484,089$99,208
X-2 Savings and temporary cash investmentsStart of year $4,355,014$3,288,222
X-4 Accounts receivableStart of year $56,946$46,946
X-9 Prepaid expenses and deferred chargesStart of year $14,223$8,323
X-10c Land, buildings and equipment, netStart of year $555,827$1,482,352
X-15 Other assets$2,500
X-16 Total assetsStart of year $5,466,099$4,927,551
X-17 Accounts payable and accrued expensesStart of year $33,279$46,964
X-26 Total liabilitiesStart of year $33,279$46,964
X-27 Net assets without donor restrictionsStart of year $5,432,820$4,880,587
X-32 Total net assets or fund balancesStart of year $5,432,820$4,880,587
X-33 Total liabilities and net assetsStart of year $5,466,099$4,927,551
Part XI · Reconciliation of net assets $4,880,587 net assets at year end
XI-1 Total revenue$106,245
XI-2 Total expenses$658,478
XI-3 Revenue less expenses−$552,233
XI-4 Net assets at start of year$5,432,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,880,587

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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