Global Academy
- Assets
- $5.0m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 79
- Location
- New Brighton, MN
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 30-0417217
Organization Overview
Global Academy is located in New Brighton, MN. The organization was established in 2008. 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 Academy employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global 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, Global Academy generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 3.1% 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 PREPARE STUDENTS FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL ACADEMY IS A NONPROFIT CORPORATION THAT WAS FORMED AND BEGAN OPERATING IN OCTOBER 2007, IN ACCORDANCE WITH MINNESOTA STATUTES. THE SCHOOL IS AUTHORIZED BY THE UNIVERSITY OF ST. THOMAS. DURING FISCAL YEAR 2020-2021, THE SCHOOL HAD 450 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Fisk School Director | Officer | 40 | $152,371 |
Melissa Storbakken Assistant Director | 40 | $113,276 | |
Kim Fields Board Member/teacher | Trustee | 42 | $74,399 |
Kate Larson Board Member/teacher | Trustee | 42 | $69,404 |
Eric Langsev Former Board Chair/teacher | 40 | $69,121 | |
Rachel Enderlin Former Secretary/teacher | 40 | $65,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safari Transportation Student Transportation | 6/29/21 | $389,590 |
Blue Bell Enterprises Inc Food Service | 6/29/21 | $153,413 |
Therapeutic Connections Therapy | 6/29/21 | $117,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,478,084 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,926,041 |
| Total Program Service Revenue | $24,769 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$173,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$224 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,786,026 |
| 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. | $724,168 |
| Compensation of current officers, directors, key employees. | $339,896 |
| Compensation to disqualified persons | $160,676 |
| Other salaries and wages | $2,707,525 |
| Pension plan accruals and contributions | $205,705 |
| Other employee benefits | $585,743 |
| Payroll taxes | $264,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $87,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $312,775 |
| Advertising and promotion | $0 |
| Office expenses | $179,806 |
| Information technology | $175,237 |
| Royalties | $0 |
| Occupancy | $859,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,312 |
| Interest | $17,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,286 |
| Insurance | $27,028 |
| All other expenses | $58,622 |
| Total functional expenses | $7,444,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,811,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650,593 |
| 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 | $18,683 |
| Net Land, buildings, and equipment | $559,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,944,247 |
| Total assets | $4,984,583 |
| Accounts payable and accrued expenses | $379,913 |
| 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 | $334,512 |
| Unsecured mortgages and notes payable | $808,980 |
| Other liabilities | $6,833,416 |
| Total liabilities | $8,356,821 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,597,117 |
| Paid-in or capital surplus, or land, building, or equipment fund | $224,879 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,984,583 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Global Academy has recieved totaling $126,738.
| Awarding Organization | Amount |
|---|---|
Great Mn Schools Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $50,000 |
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $50,000 |
Melvin S Cohen Foundation Inc Eau Claire, WI PURPOSE: OPERATING FUNDS | $10,000 |
Kaboom Inc Washington, DC PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,002 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,736 |
L E Phillips Family Foundation Inc Eau Claire, WI PURPOSE: OPERATING FUNDS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |