Glass City Academy
- Assets
- $3.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Toledo, OH
- Founding
- 07/2005
- Data as of
- 06/2021
- EIN
- 04-3748316
Organization Overview
Glass City Academy is located in Toledo, OH. The organization was established in 2005. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Glass City Academy employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glass City Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Glass City Academy generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 11.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SECOND CHANCE TO YOUNG ADULTS TO COMPLETE HIGH SCHOOL, LEARN READILY MARKETABLE WORK SKILLS, AND EXPLORE POST-SECONDARY TRAINING OPTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SECOND CHANCE TO YOUNG ADULTS TO COMPLETE HIGH SCHOOL, LEARN READILY MARKETABLE WORK SKILLS, AND EXPLORE POST-SECONDARY TRAINING OPTIONS .
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Jesse Superintendent | Officer | 40 | $111,882 |
Darlen Burke President | OfficerTrustee | 0.5 | $1,100 |
Lynn Jacobson Board Member | Trustee | 0.5 | $1,100 |
Jerry Masters Board Member | Trustee | 0.5 | $1,100 |
Fred Porter Board Member | Trustee | 0.5 | $900 |
Joseph Guziolek Board Member | Trustee | 0.5 | $800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T E Properties Rent | 6/29/20 | $248,413 |
Paramount Insurance Company Hospitalization | 6/29/20 | $224,034 |
Epiphany Of He Lord Parish Sponsor | 6/29/20 | $124,630 |
T E Properties Rent | 6/29/20 | $248,413 |
Epiphany Of He Lord Parish Sponsor | 6/29/20 | $124,630 |
Paramount Insurance Company Hospitalization | 6/29/20 | $224,034 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,933,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,933,746 |
| Total Program Service Revenue | $3,375 |
| Investment income | $797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,938,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,593,355 |
| Pension plan accruals and contributions | $418,329 |
| Other employee benefits | $250,297 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,798 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,818 |
| Advertising and promotion | $26,400 |
| Office expenses | $44,952 |
| Information technology | $25,392 |
| Royalties | $0 |
| Occupancy | $379,876 |
| Travel | $1,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $640 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,605 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,999,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,736,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,070 |
| Net Land, buildings, and equipment | $80,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,369,638 |
| Total assets | $3,212,958 |
| Accounts payable and accrued expenses | $184,238 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,292,919 |
| Total liabilities | $3,477,157 |
| Net assets without donor restrictions | -$264,199 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,212,958 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |
1hood Media Academy Pittsburgh, PA | $1,967,840 | $1,856,214 |