Globe Academy Foundation
- Assets
- $49.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2015
- Data as of
- 06/2021
- EIN
- 46-4838222
Organization Overview
Globe Academy Foundation is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Globe Academy Foundation 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, Globe Academy Foundation generated $75.8k 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 (11.0%) each year. All expenses for the organization totaled $67.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION OFFERS TO FURTHER THE MISSION AND THE PURPOSES OF THE SCHOOL, INCLUDING BY PROVIDING RESOURCES FOR IMPROVEMENTS TO THE SCHOOL'S FACULTY, FACILITIES, TECHNOLOGY, TEACHER AND PROGRAM IMPROVEMENTS. THE ACTIVITIES OF THE FOUNDATION WILL BE TO SOLICIT CHARITABLE CONTRIBUTIONS, TO EXPAND FUNDS TO OFFSET EXPENSES OF THE SCHOOL'S EDUCTIONAL ACTIVITIES THAT ARE NOT FUNDED BY PUBLIC AUTHORITIES, AND TO SEEK TO RAISE AN ENDOWMENT TO GENERATE FUTURE INCOME FOR SIMILAR PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Namita Agravat Treasurer | 5 | $0 | |
Kristeena Spivey Secretary | 5 | $0 | |
Michelle Rios Chairman | 5 | $0 | |
Laura Hancock Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,822 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,822 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $315 |
| Occupancy, rent, utilities, and maintenance | $7,508 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,662 |
| Total expenses | $67,485 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,922 |
| Other assets | $0 |
| Total assets | $49,922 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Globe Academy Foundation has recieved totaling $1,050.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |