Pace Woods Foundation
Pace Woods Foundation faces persistent operating deficits and declining assets despite zero officer compensation.
EIN: 203401238 · Lincoln, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $255K |
| Program Spending | 75% |
| Net Assets | $2.7M |
| Transparency Score | 60/100 |
Is Pace Woods Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pace Woods Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pace Woods Foundation
Pace Woods Foundation (EIN: 203401238) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T20. The organization reported total revenue of $583K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pace Woods Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pace Woods Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -25.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $255K |
| Surplus / Deficit | $-169,869 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -199.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.1 months |
Financial Health Grade: B
In 2023, Pace Woods Foundation reported a deficit of $170K with expenses exceeding revenue, holds 129.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pace Woods Foundation's revenue has declined at a compound annual growth rate (CAGR) of -25.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +16.0% | -5.8% |
| 2022 | -72.9% | -23.0% | -4.7% |
| 2021 | -36.1% | +29.3% | +0.0% |
| 2020 | +356.2% | -5.5% | +8.0% |
| 2019 | -66.2% | +32.7% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pace Woods Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Pace Woods Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $170K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries, which is highly favorable for donor confidence and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pace Woods Foundation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $255,183 expenses vs. $85,314 revenue in 2023.
- Declining asset base over time, from $3,194,834 in 2015 to $2,745,268 in 2023, indicating reliance on reserves.
- Significant drop in revenue from $2,899,584 in 2011 to $85,314 in 2023, suggesting a loss of major funding sources or a change in operational model.
Strengths
The following positive indicators were identified for Pace Woods Foundation:
- Zero officer compensation reported across all filings, indicating strong governance regarding executive pay.
- Maintains a substantial asset base of over $2.7 million, providing a buffer despite recent deficits.
Frequently Asked Questions about Pace Woods Foundation
Is Pace Woods Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pace Woods Foundation (EIN: 203401238) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Pace Woods Foundation spend its money?
Pace Woods Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pace Woods Foundation tax-deductible?
Pace Woods Foundation is registered as a tax-exempt nonprofit (EIN: 203401238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pace Woods Foundation's spending goes to programs?
Pace Woods Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pace Woods Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Pace Woods Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pace Woods Foundation located?
Pace Woods Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 203401238. It is classified under NTEE code T20.
How many years of IRS 990 filings does Pace Woods Foundation have?
Pace Woods Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $583K in total revenue.
Is Pace Woods Foundation financially sustainable?
The foundation's financial sustainability is questionable given its consistent operating deficits, where expenses significantly exceed revenue (e.g., $255,183 expenses vs. $85,314 revenue in 2023). This trend has led to a gradual decline in assets.
What is the primary source of funding for Pace Woods Foundation?
The provided data does not specify the primary source of funding, but given the declining revenue and consistent expenses, it appears the organization is drawing down its asset base to cover operational costs.
How has the organization's asset base changed over time?
The organization's assets have generally declined over the past decade, from a high of $3,194,834 in 2015 to $2,745,268 in 2023, reflecting the impact of consistent operating losses.
What is the impact of 0% officer compensation on the organization?
The 0% officer compensation indicates that no funds are being used for executive salaries, which is a positive for maximizing resources for the mission and enhancing donor trust. However, it doesn't fully offset the broader financial challenges.
Filing History
IRS 990 filing history for Pace Woods Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pace Woods Foundation's revenue has declined by 97.1%, moving from $2.9M to $85K. Total assets decreased by 4.3% over the same period, from $2.9M to $2.7M. Total functional expenses rose by 751%, from $30K to $255K. In its most recent filing year (2023), Pace Woods Foundation reported a deficit of $170K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $255K | $2.7M | $1 | — | — |
| 2022 | $78K | $220K | $2.9M | $1 | — | View 990 |
| 2021 | $286K | $286K | $3.1M | $1 | — | — |
| 2020 | $448K | $221K | $3.1M | $1 | — | — |
| 2019 | $98K | $234K | $2.8M | $0 | — | View 990 |
| 2015 | $290K | $176K | $3.2M | $0 | — | View 990 |
| 2014 | $255K | $290K | $3.1M | $8K | — | View 990 |
| 2013 | $375K | $201K | $3.1M | $8K | — | View 990 |
| 2012 | $158K | $128K | $2.9M | $0 | — | View 990 |
| 2011 | $2.9M | $30K | $2.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $255K, and assets of $2.7M (revenue +10.0% year-over-year).
- 2022: Revenue of $78K, expenses of $220K, and assets of $2.9M (revenue -72.9% year-over-year).
- 2021: Revenue of $286K, expenses of $286K, and assets of $3.1M (revenue -36.1% year-over-year).
- 2020: Revenue of $448K, expenses of $221K, and assets of $3.1M (revenue +356.2% year-over-year).
- 2019: Revenue of $98K, expenses of $234K, and assets of $2.8M (revenue -66.2% year-over-year).
- 2015: Revenue of $290K, expenses of $176K, and assets of $3.2M (revenue +13.8% year-over-year).
- 2014: Revenue of $255K, expenses of $290K, and assets of $3.1M (revenue -32.0% year-over-year).
- 2013: Revenue of $375K, expenses of $201K, and assets of $3.1M (revenue +137.6% year-over-year).
- 2012: Revenue of $158K, expenses of $128K, and assets of $2.9M (revenue -94.6% year-over-year).
- 2011: Revenue of $2.9M, expenses of $30K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pace Woods Foundation:
Data Sources and Methodology
This transparency report for Pace Woods Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.