Global Village Academy Inc
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Parma, OH
- Founding
- 05/2011
- Data as of
- 06/2021
- EIN
- 27-5192761
Organization Overview
Global Village Academy Inc is located in Parma, OH. 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 06/2021, Global Village Academy Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Village Academy Inc 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, Global Village Academy Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 7.9% 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
THE GLOBAL VILLAGE ACADEMY MISSION IS TO FOSTER A CROSS-CULTURAL UNDERSTANDING THAT WILL ENABLE OUR STUDENTS TO ACTIVELY PARTICIPATE AS CITIZENS OF A GLOBAL, AS WELL AS, LOCAL COMMUNITY. WE WILL ENCOURAGE OUR STUDENTS TO BECOME KNOWLEDGEABLE, SELF-MOTIVATED, CRITICALLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL VILLAGE ACADEMY (GVA) IS A PUBLIC COMMUNITY SCHOOL IN PARMA, OHIO. AS A COMMUNITY SCHOOL IT IS PART OF THE STATE SYSTEM OF PUBLIC EDUCATION AND OPERATES UNDER ITS CHARTER CONTRACT WITH ITS SPONSOR PORTAGE COUNTY EDUCATIONAL SERVICE CENTER. GVA OPENED ITS DOORS FOR THE 2011-2012 SCHOOL YEAR. WE CURRENTLY OFFER TWO LANGUAGES STARTING IN KINDERGARTEN THROUGH THE 6TH GRADE IN ADDITION TO THE STATE MANDATED CORE CURRICULUM. 132 STUDENTS RECEIVE ONE HOUR OF LANGUAGE INSTRUCTION PER DAY IN UKRAINIAN AND SPANISH.
GVA RECEIVES FEDERAL TITLE I FUNDING FOR SOME OF ITS STUDENTS. TITLE I IS SUPPLEMENTAL FUNDING TO LOCAL SCHOOL DISTRICTS TO HELP MEET THE NEEDS OF AT RISK AND LOW INCOME STUDENTS. THE GRANT FUNDING WAS LOW DUE TO SLOW START UP ACTIVITY FOR THE NEWLY FORMED SCHOOOL. ENROLLMENT WAS LOW (58) FOR THE FIRST YEAR. THE NEXT YEAR THE ENROLLMENT MORE THAN DOUBLED IN SIZE FOR THIS ACTIVITY. MANY MORE THAN CHILDREN WILL BE ELIGIBLE FOR TITLE I FUNDING.
GVA IS COMMITTED TO EXPANDING ITS LANGUAGE PROGRAMS TO ALL WHO MAY BE INTERESTED. GVA HAS JUST STARTED TO GET VIB IDEA & FEDERAL TITLE III FEDERAL GRANT MONEY TO IMPROVE EDUCATION IN THE FORM OF LANGUAGE INSTRUCTION FOR LIMITED ENGLISH PROFICIENCY AND IMMIGRANT STUDENTS. THERE IS A GREAT NEED FOR ENGLISH AS A SECOND LANGUAGE INSTRUCTION (ESL)SINCE THE COMMUNITY IN WHICH THE SCHOOL IS LOCATED HAS A HEAVY IMMIGRANT POPULATION WHICH IS COMPRISED OF MANY NEW IMMIGRANTS FROM MEXICO AND EASTERN EUROPE. THE SCHOOL POPULATION IS EXPECTED TO DOUBLE IN THE NEXT SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oleh Holowatyj Superintendent | 50 | $63,654 | |
Ed Muffet Vice President | Trustee | 2 | $1,875 |
Roman Fedkiv Director | Trustee | 2 | $1,750 |
Christopher Zgrabik President | Trustee | 2 | $1,750 |
Dr George Jaskiw Director | Trustee | 2 | $1,625 |
Russell White II Director | Trustee | 2 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,961,193 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,977,938 |
| Total Program Service Revenue | $145,365 |
| Investment income | $1,035 |
| 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 | $2,124,338 |
| 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. | $1,110,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $222,191 |
| Other employee benefits | $0 |
| Payroll taxes | $16,108 |
| Fees for services: Management | $40,342 |
| Fees for services: Legal | $783 |
| Fees for services: Accounting | $26,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,611 |
| Office expenses | $146,691 |
| Information technology | $60,002 |
| Royalties | $0 |
| Occupancy | $51,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,909 |
| All other expenses | $60,201 |
| Total functional expenses | $1,879,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,080,191 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,080,191 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,080,191 |
Peer Organizations
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|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |