Great Academy Foundation Inc
- Assets
- $1.4m
- Revenue
- $296.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-4312660
Organization Overview
Great Academy Foundation Inc is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Academy Foundation 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 06/2022, Great Academy Foundation Inc generated $296.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $181.1k during the year ending 06/2022. While expenses have increased by 1.8% 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 RECEIVE AND TO MAINTAIN FUNDS IN THE FORM OF REAL OR PERSONAL PROPERTY FOR THE PURPOSE OF SUPPORTING THE PUBLIC EDUCATION PURPOSES OF THE GREAT ACADEMY CHARTER SCHOOL, A NEW MEXICO PUBLIC CHARTER SCHOOL, PROVIDING SUITABLE FACILITIES AND OTHER PERMISSIBLE ORGANIZATIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREAT ACADEMY FOUNDATION SUPPORTS THE PUBLIC EDUCATIONAL PURPOSES OF THE GREAT ACADEMY CHARTER SCHOOL, A NEW MEXICO PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Boyd President | OfficerTrustee | 2 | $0 |
Wiltha Ray Wilson Secretary | OfficerTrustee | 2 | $0 |
Trevor Traylor Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,027 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $285,605 |
| 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 | $296,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,821 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,600 |
| Fees for services: Accounting | $4,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,173 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,452 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,469 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $181,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,580 |
| Savings and temporary cash investments | $1,025 |
| 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 | $13,501 |
| Net Land, buildings, and equipment | $1,297,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,379,218 |
| Accounts payable and accrued expenses | $13,603 |
| Grants payable | $0 |
| Deferred revenue | $744,961 |
| 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 | $915,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,673,854 |
| Net assets without donor restrictions | -$294,636 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,379,218 |