Goal Academy
- Assets
- $51.6m
- Revenue
- $48.7m
- Investments
- $0.0
- Employees
- 581
- Location
- Pueblo, CO
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-1151001
Organization Overview
Goal Academy is located in Pueblo, CO. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Goal Academy employed 581 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goal 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 06/2022, Goal Academy generated $48.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $36.8m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Jones Chief Executive Officer | Officer | 40 | $182,825 |
Jamie Trujillo Chief Information Officer | Officer | 40 | $119,870 |
Aryn Henneke Sr. Director | 40 | $117,934 | |
Deborah Morton Chief Financial Officer | Officer | 40 | $114,103 |
Jill Toussaint Chief Academic Officer | Officer | 40 | $110,439 |
Ted Delduca President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Dustin Sparks Legal Services | 6/29/22 | $317,759 |
The Perfect World Student Music Instruction | 6/29/22 | $215,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,263,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,267,992 |
| Total Program Service Revenue | $46,350,088 |
| Investment income | $42,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,674,529 |
| 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. | $637,898 |
| Compensation of current officers, directors, key employees. | $446,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,922,696 |
| Pension plan accruals and contributions | -$2,989,772 |
| Other employee benefits | $1,237,686 |
| Payroll taxes | $400,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $251,454 |
| Fees for services: Accounting | $22,950 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,000 |
| Fees for services: Other | $108,596 |
| Advertising and promotion | $451,280 |
| Office expenses | $85,832 |
| Information technology | $2,973,169 |
| Royalties | $0 |
| Occupancy | $900,988 |
| Travel | $87,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $229,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,189,991 |
| Insurance | $1,115,753 |
| All other expenses | $565,842 |
| Total functional expenses | $36,770,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,868,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $368,131 |
| Accounts receivable, net | $3,827 |
| 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 | $133,823 |
| Net Land, buildings, and equipment | $4,667,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,528,609 |
| Total assets | $51,570,908 |
| Accounts payable and accrued expenses | $1,223,888 |
| 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 | $3,153,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,125,822 |
| Total liabilities | $71,502,952 |
| Net assets without donor restrictions | -$21,424,782 |
| Net assets with donor restrictions | $1,492,738 |
| 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 | $51,570,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goal Academy has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Capturing Kids Hearts Foundation Georgetown, TX PURPOSE: CKH Training | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
Asu Preparatory Academy Tempe, AZ | $49,146,223 | $66,068,953 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |