Grand River Academy
- Assets
- $8.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Austinburg, OH
- Founding
- 01/1953
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Grand River Academy generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. 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 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 |
|---|---|---|---|
Tim Oditt Head Of School | Trustee | 65 | $72,596 |
Blair A Campomizzi Vice Chair Of The Board | OfficerTrustee | 10 | $0 |
Sharon Tiknis Chair Of The Board | OfficerTrustee | 10 | $0 |
Steven Schoneman Trustee | Trustee | 2 | $0 |
Frank Edmonds Trustee | Trustee | 2 | $0 |
Susan Baker 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 | $215,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,446 |
| Total Program Service Revenue | $2,804,778 |
| Investment income | $29,533 |
| 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 | $3,452,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $655,110 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $733,091 |
| Pension plan accruals and contributions | $27,558 |
| Other employee benefits | $192,240 |
| Payroll taxes | $73,198 |
| 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 | $24,740 |
| Advertising and promotion | $94,378 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,226 |
| Travel | $3,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,634 |
| Insurance | $75,522 |
| All other expenses | $212,078 |
| Total functional expenses | $3,233,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,868 |
| Savings and temporary cash investments | $13,341 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,267 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,199 |
| Prepaid expenses and deferred charges | $3,864 |
| Net Land, buildings, and equipment | $5,558,791 |
| Investments—publicly traded securities | $2,099,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,896,716 |
| Accounts payable and accrued expenses | $168,239 |
| Grants payable | $0 |
| Deferred revenue | $820,011 |
| 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 | $568,466 |
| Unsecured mortgages and notes payable | $1,000,000 |
| Other liabilities | $0 |
| Total liabilities | $2,556,716 |
| Net assets without donor restrictions | $6,093,220 |
| Net assets with donor restrictions | $246,780 |
| 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 | $8,896,716 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Grand River Academy has recieved totaling $31,840.
| Awarding Organization | Amount |
|---|---|
Posner Foundation Of Pittsburgh Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,331 |
John K Henne Charitable Trust Lynchburg, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Triple T Foundation Chardon, OH PURPOSE: GENERAL PURPOSES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Endowment Analysis
| Beg. Balance | $209,999 |
| Earnings | $24,786 |
| Net Contributions | $5,200 |
| Grants | -$6,256 |
| Ending Balance | $246,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |