Grand River Academy
- Assets
- $8.6m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Austinburg, OH
- Founding
- 01/1953
- Data as of
- 06/2022
- EIN
- 34-0753533
Organization Overview
Grand River Academy is located in Austinburg, OH. The organization was established in 1953. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Grand River Academy employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand River 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, Grand River Academy generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 0.0% 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 PROVIDE QUALITY PRIVATE SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN GRADES 9 THROUGH 12: AVERAGE POPULATION OF BOARDERS AND DAY STUDENTS: 45 BOARDERS AND 22 DAY STUDENTS.
BOOKSTORE-CANTEEN FROM WHICH STUDENTS PURCHASE TEXT BOOKS, SCHOOL SUPPLIES, TOILETRIES, FOOD AND GYM & CASUAL CLOTHING
SUMMER SCHOOL PROGRAMS-FIVE WEEK BOARDING/DAY SUMMER SCHOOL ENROLLING 15 STUDENTS ON AVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Tiknis Chair Of The Board | OfficerTrustee | 10 | $0 |
Blair A Campomizzi Vice Chair Of The Board | OfficerTrustee | 10 | $0 |
Steven Schoneman Trustee | Trustee | 2 | $0 |
Susan Baker Trustee | Trustee | 2 | $0 |
Frank Edmonds Trustee | Trustee | 2 | $0 |
James Reinart Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $457,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,526 |
| Total Program Service Revenue | $3,877,105 |
| Investment income | $46,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,165,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,632,455 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation of current officers, directors, key employees. | $21,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,023,623 |
| Pension plan accruals and contributions | $37,432 |
| Other employee benefits | $276,185 |
| Payroll taxes | $94,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,845 |
| Advertising and promotion | $100,041 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,985 |
| Travel | $8,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,616 |
| Insurance | $68,524 |
| All other expenses | $292,744 |
| Total functional expenses | $4,952,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,506 |
| Savings and temporary cash investments | $13,341 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $479,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,534 |
| Prepaid expenses and deferred charges | $22,621 |
| Net Land, buildings, and equipment | $5,313,296 |
| Investments—publicly traded securities | $1,872,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,837 |
| Total assets | $8,641,009 |
| Accounts payable and accrued expenses | $276,504 |
| Grants payable | $0 |
| Deferred revenue | $911,564 |
| 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 | $200,150 |
| Unsecured mortgages and notes payable | $1,000,000 |
| Other liabilities | $0 |
| Total liabilities | $2,388,218 |
| Net assets without donor restrictions | $5,990,218 |
| Net assets with donor restrictions | $262,573 |
| 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 | $8,641,009 |