Global Academy
- Assets
- $4.7m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 79
- Location
- New Brighton, MN
- Founding
- 06/2008
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Global Academy generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. While expenses have increased by 5.2% 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
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 2021-2022, THE SCHOOL HAD 436 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Fisk School Director | Officer | 41 | $165,102 |
Melissa Storbakken Assistant Director | 41 | $133,345 | |
Susan Eltawely Treasurer/teacher | OfficerTrustee | 41 | $75,274 |
Rachel Enderlin Former Secretary/teacher | 41 | $69,257 | |
Emily Fisher Board Chair/teacher | OfficerTrustee | 41 | $64,798 |
Kim Fields Board Member/teacher | Trustee | 41 | $77,977 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safari Transportation Student Transportation | 6/29/22 | $481,690 |
Therapeutic Connections Sped Ot And Pt Services | 6/29/22 | $102,235 |
Blue Bell Enterprises Inc Food Service | 6/29/22 | $134,299 |
Tk Elevator Corp Elevator Install, Repair, And Maintenanc | 6/29/22 | $109,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,082,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,345,516 |
| Total Program Service Revenue | $19,937 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,474,801 |
| 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. | $894,491 |
| Compensation of current officers, directors, key employees. | $210,388 |
| Compensation to disqualified persons | $184,252 |
| Other salaries and wages | $3,118,849 |
| Pension plan accruals and contributions | $251,094 |
| Other employee benefits | $529,596 |
| Payroll taxes | $309,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,186 |
| Fees for services: Accounting | $67,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,702 |
| Advertising and promotion | $0 |
| Office expenses | $238,696 |
| Information technology | $458,169 |
| Royalties | $0 |
| Occupancy | $782,641 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,656 |
| Interest | $13,618 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,381 |
| Insurance | $16,991 |
| All other expenses | $93,041 |
| Total functional expenses | $8,834,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,332,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $934,259 |
| 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 | $31,872 |
| Net Land, buildings, and equipment | $764,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,670,449 |
| Total assets | $4,734,311 |
| Accounts payable and accrued expenses | $606,130 |
| Grants payable | $0 |
| Deferred revenue | $2,981 |
| 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 | $428,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,303,744 |
| Total liabilities | $7,341,375 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,943,351 |
| Paid-in or capital surplus, or land, building, or equipment fund | $336,287 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,734,311 |