Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $185.9M |
|---|---|
| FY2021 | $209.5M |
| FY2022 | $205.8M |
| FY2023 | $203.0M |
| FY2024 | $207.5M |
| FY2024 | $216.0M |
| FY2020 | $41.5M |
|---|---|
| FY2021 | $46.8M |
| FY2022 | $42.9M |
| FY2023 | $36.7M |
| FY2024 | $32.9M |
| FY2024 | $33.9M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 86% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 19% | — | — |
| Revenue growth | -7% | — | — |
| Investment management fee ratio | 0.06% | — | — |
| Legal fee ratio | 0.6% | — | — |
| Accounting fee ratio | 0.1% | — | — |
| Fundraising fee ratio | 0% | — | — |
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.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Fred G Assaf’s $839K as Head of School is at the 98th percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Fred G Assaf | $839,442 | $805,036 | — | — | — | — |
| Frederick G Assaf | — | — | $725,949 | $712,603 | $636,667 | $693,439 |
| Syreeta Moseley | — | — | — | $357,644 | $162,235 | $152,238 |
| Aj Lashley | $338,108 | $311,360 | — | — | — | — |
| Aj Lashley | — | — | $280,220 | $246,970 | — | — |
| Michael Gannon | $245,622 | $233,222 | — | — | — | — |
| Heather L White | — | — | $241,772 | $222,623 | $197,100 | $180,291 |
| Aj Lashley | — | — | — | — | $239,686 | $212,891 |
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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Governance & Policies
- 25Voting board membersPt VI · Ln 1a
- 25Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Educates students from pre-first through 12th grade in Atlanta.
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Where the work happens
Instruction
Pace academy was established in 1958 as an independent college preparatory co-educational day school. The enrollment is 1,100 students in pre-first through 12TH grades. Pace strives to create an innovative learning environment through collaboration, challenging curriculum, outstanding teaching and co-curricular offerings.
Student Activities
Pace academy offers a variety of student activities including arts, debate and athletics. Over 30 years the pace debate program has grown into a nationally recognized program with a long-standing history of excellence.
Isdell Center for Global Leadership
In 2014, pace academy launched the isdell center for global leadership (icgl), a collaborative, cross-divisional program that supports a well-rounded global education for every pace student.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 | $52.8M | $49.4M | +19% | 990 PDF |
| FY2023 | $44.6M | $45.7M | -16% | 990 PDF |
| FY2022 | $52.7M | $41.8M | +18% | 990 PDF |
| FY2021 Viewing | $44.7M | $37.0M | -7% | 990 PDF |
| FY2020 | $48.0M | $35.9M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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