Overview
What is Pace Academy Foundation?
Pace Academy Foundation is a nonprofit organization situated in Cypress, California, specifically at 5241 Lincoln Avenue, Apt C7. Their primary mission is to extend opportunities for exceptional, faith-based education to financially challenged, Christian students. Furthermore, they offer scholarships to these students, enabling them to persist in their educational journey. The foundation's activities are centered around promoting academic excellence and financial assistance for Christian students in need.
Official website here: www.pace-foundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This score indicates a solid performance in accountability and finance, reflecting the organization's commitment to fiscal responsibility. The rating is derived from a robust accountability score, demonstrating the foundation's transparency and adherence to best practices in financial management.
Pace Academy Foundation shows strong financial health, with a program expense ratio of 98.86%, indicating that nearly all its expenses are directed towards its mission-related programs. Additionally, the organization has received full points for its financial statements audit and maintains effective policies such as conflict of interest and whistleblower protections, enhancing its credibility.
However, while the foundation performs well in financial accountability, there is no additional information provided about its overall impact or program effectiveness. This absence of data regarding outcomes limits a comprehensive evaluation of its effectiveness in achieving its stated mission. Overall, the foundation demonstrates strong financial practices, but potential donors may want to seek further information about its programs and their impacts.
This AI summary has been generated from information found on Charity Navigator.
Is Pace Academy Foundation legitimate?
Pace Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pace Academy Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pace-foundation.com
What is the mission statement of Pace Academy Foundation?
The Pace Academy Foundation's mission revolves around offering high-quality, faith-based educational opportunities to economically disadvantaged Christian students. Additionally, the foundation provides scholarships to aid Christian students in their educational pursuits. This mission aims to empower these students, enabling them to continue their educational journey.
Official website here: www.pace-foundation.com
Who is the CEO of Pace Academy Foundation?
Sung Hee Yoo is the President of Pace Academy Foundation.
Official website here: www.pace-foundation.com
What is the revenue of Pace Academy Foundation?
Pace Academy Foundation's revenue in 2022 was $821,243.
Official website here: www.pace-foundation.com
Who are the executives of Pace Academy Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pace-foundation.com
Where can I find the form 990 for Pace Academy Foundation?
Pace Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pace-foundation.com
Learn more at the official website: www.pace-foundation.com
Mission Statement of Pace Academy Foundation
The Pace Academy Foundation is committed to extending the opportunity for top-notch, Christian education to the most disadvantaged Christian students. This nonprofit organization also offers scholarships to Christian students, enabling them to persist in their educational pursuits. By doing so, the Pace Academy Foundation aims to foster academic growth among Christian students who may otherwise be unable to afford such opportunities.
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Impact
July, 2024
Pace Academy Foundation's impact lies in providing opportunities for high-quality, Christian education to the most disadvantaged Christian students. By offering scholarships, the foundation supports these students in pursuing their educational goals. Through these efforts, Pace Academy Foundation contributes to youth development by enabling access to education that might otherwise be out of reach for these individuals.
This information is meant to be a general summary of Pace Academy Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $143
- Gross Receipts: $821,243
Assets and Liabilities:
- Total Assets: $1,115,526
- Total Liabilities: $500,000
- Net Assets: $615,526
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Organization Details
Founding Year
2013
Phone
(714) 220-9900Principal Officer
Sung Hee Yoo
Main Address
5241 LINCOLN AVE APT C7, CYPRESS, CA, 90630
Website
www.pace-foundation.comNTEE Category
Code: O50 - Youth development
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