Goal Academy
- Assets
- $52.7m
- Revenue
- $60.7m
- Investments
- $0.0
- Employees
- 620
- Location
- Pueblo, CO
- Founding
- 04/2011
- Data as of
- 06/2023
- 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 06/2023, Goal Academy employed 620 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 06/2023, Goal Academy generated $60.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $60.1m during the year ending 06/2023. While expenses have increased by 11.5% per year over the past 8 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
2023
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 |
|---|---|---|---|
Ted Delduca President | OfficerTrustee | 10 | $0 |
Luis Contreras Treasurer | OfficerTrustee | 10 | $0 |
Joel Boyd Vice President | OfficerTrustee | 10 | $0 |
Jrace Walker Member | Trustee | 10 | $0 |
Carolyn Renaud Secretary | OfficerTrustee | 10 | $0 |
Mark Maryak Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Perfect World Student Music Instruction | 6/29/23 | $392,900 |
Law Offices Of Dustin Sparks Legal Services | 6/29/23 | $223,116 |
Powerschool Holdings Student Information Services | 6/29/23 | $156,465 |
Paycom Payroll Payroll & Hr Services | 6/29/23 | $123,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,098,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,100,034 |
| Total Program Service Revenue | $52,738,300 |
| Investment income | $796,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,683,062 |
| 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. | $650,381 |
| Compensation of current officers, directors, key employees. | $455,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,341,031 |
| Pension plan accruals and contributions | $11,370,394 |
| Other employee benefits | $2,338,472 |
| Payroll taxes | $459,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $253,960 |
| Fees for services: Accounting | $25,600 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,000 |
| Fees for services: Other | $250,957 |
| Advertising and promotion | $488,749 |
| Office expenses | $135,374 |
| Information technology | $2,931,518 |
| Royalties | $0 |
| Occupancy | $1,105,804 |
| Travel | $159,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $183,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,210,547 |
| Insurance | $468,300 |
| All other expenses | $771,883 |
| Total functional expenses | $60,147,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,942,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,023,078 |
| Accounts receivable, net | $291,396 |
| 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 | $58,633 |
| Net Land, buildings, and equipment | $5,345,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,047,936 |
| Total assets | $52,709,598 |
| Accounts payable and accrued expenses | $777,958 |
| 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 | $2,079,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,249,330 |
| Total liabilities | $72,106,289 |
| Net assets without donor restrictions | -$21,127,755 |
| Net assets with donor restrictions | $1,731,064 |
| 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 | $52,709,598 |