Pace Academy, Inc.

Pace Academy, Inc. is a U.S. nonprofit organization, designated as a 501(c)(3) entity primarily for educational purposes. It operates as an educational institution and related activities, specifically in elementary and secondary education (K-12)[1].

History

Pace Academy was initially founded by Jane Tuggle in 1958 as a for-profit corporation to train and educate children. The school began operations that same year with 150 students in kindergarten through seventh grade. After a brief period, the institution shifted to a nonprofit status under the leadership of Mills B. Lane and the Board of Trustees. Frank D. Kaley became its first headmaster and helped establish the school's identity and motto[4].

Mission and Education

Today, Pace Academy is a co-educational, college-preparatory day school focused on creating prepared, confident global citizens. It emphasizes strong student-teacher relationships, maintaining a low student-teacher ratio of 9:1 and an average class size of 12 students. The school prioritizes developing students' passions through a balanced curriculum including academics, athletics, and arts, while integrating global perspectives and activities[2][5].

Financial Overview

Pace Academy, Inc. generates revenue primarily from program services, followed by contributions. As of its most recent financial filings, the organization's total assets exceeded $133 million, with liabilities of about $42 million[1]. Donations to Pace Academy are tax-deductible, and the school relies on annual giving campaigns, such as the Pace Fund, to enhance educational offerings and provide need-based financial aid[5].

Programs and Initiatives

The school is known for its Isdell Center for Global Leadership, which offers an innovative curriculum and extracurricular activities aimed at fostering a global understanding among students. This includes annual themes, scholars-in-residence, fellowships, internships, and international study tours[2]. Pace Academy also focuses on supporting faculty development and encouraging community involvement through various initiatives[5].

[1] https://projects.propublica.org/nonprofits/organizations/580706812 [2] https://apogee123.org/pace-academy/ [3] https://choosepace.org [4] https://www.paceacademy.org/about/history [5] https://www.paceacademy.org/support/the-pace-fund