EIN 58-1949667

The Paces Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
City
State
Year formed
1992
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The The Paces Foundation is a private foundation that sponsors the development and operation of affordable housing for low-income individuals in order to meet the housing needs of the local community. The foundation is located in Smyrna, GA.
Total revenues
$7,185,397
2022
Total expenses
$11,359,792
2022
Total assets
$82,927,040
2022
Num. employees
4
2022

Program areas at The Paces Foundation

The organization sponsors The development and operation of affordable housing for low-income individuals in order to meet The housing needs of The low income residents
The Foundation's tax exempt purpose is to further The development and operation of affordable housing for low-income individuals. The organization has sponsored The development and construction of several projects. The Foundation oversees The operation of these projects and provides certain supportive services to The residents of The facilities. The Foundation has received funds from each of these projects developments to cover its expenses and to provide certain services.
The Foundation's tax exempt purpose is to further The development and operation of affordable housing for low-income individuals. The organization has developed and constructed a 50 unit multi-family apartment project for low-income families known as gateway townhomes. The Foundation operates The property and provides certain supportive services to The residents of The facility.

Grants made by The Paces Foundation

GranteeGrant descriptionAmount
Cobb Sheriff's FoundationHumanitarian Aid and Support$2,500
St Jude Children's Research HospitalHumanitarian Aid and Support$102

Who funds The Paces Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Galleria Manor Senior DevelopmentAffordable Housing Development and Operations for Low-Income Persons$0

Personnel at The Paces Foundation

NameTitleCompensation
Michael J BauerDevelopment Director$190,531
Lori T McClureDirector of Assets$134,200
Mark du MasVice President$947,785
Mark du MasPresident and Founder$244,130

Financials for The Paces Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$389,129
Investment income and dividends$259,647
Net rental income$0
Net gain from sale of non-inventory assets$-28,069
Gross sales of inventory$0
Miscellaneous revenues$6,564,690
Total revenues$7,185,397

Form 990s for The Paces Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-15990PFView PDF
2020-122022-07-18990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-02-18990PFView PDF
...and 8 more Form 990s
Data update history
December 25, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 23, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2020
July 15, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 4, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
2730 Cumberland Blvd
Smyrna, GA 30080
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Cobb County, GA
Website URL
pacesfoundation.org/ 
Phone
(404) 431-9696
Facebook page
pacesfoundation 
Twitter profile
@pacesfoundation 
IRS details
EIN
58-1949667
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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