American Hebrew Academy Inc
- Assets
- $63.3m
- Revenue
- $563.6k
- Investments
- $0.0
- Employees
- 22
- Location
- Greensboro, NC
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 56-1985976
Organization Overview
American Hebrew Academy Inc, operating under the name Greensboro Global Academy, is located in Greensboro, NC. The organization was established in 2000. 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, Greensboro Global Academy employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 06/2021, Greensboro Global Academy generated $563.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $13.4m during the year ending 06/2021. 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
AHA SHALL GRADUATE GLOBALLY-MINDED, MORALLY CONSCIOUS STUDENTS CONFIDENT ON THEIR PATH TO PERSONAL FULFILLMENT AND PROFESSIONAL ACHIEVEMENT, COMMITTED TO IMPROVING THE LIVES OF OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN HEBREW ACADEMY, INC. WAS ORIGINALLY FOUNDED TO PROVIDE A MODERN AMERICAN COLLEGE PREPARATORY PROGRAM IN CONJUNCTION WITH A JEWISH SECONDARY EDUCATION TO MOTIVATED STUDENTS WITHIN THE SETTING OF A JEWISH BOARDING SCHOOL. THE FIRST CLASSES WITH STUDENTS WERE HELD SEPTEMBER 2001. THE ACADEMY HAS SINCE BEEN RE-BRANDED AS GREENSBORO GLOBAL ACADEMY AND, MINDFUL OF SOCIETY'S NEED TO EDUCATE A NEW GENERATION OF DIVERSE GLOBAL CITIZENS, ADOPTED A NONSECTARIAN MISSION TO STUDENTS OF ALL FAITHS, CULTURES AND BACKGROUNDS FROM AROUND THE WORLD. THE ACADEMY HAS BEEN WORKING ON DEVELOPING CURRICULUM FOR THE UNACCOMPANIED MINORS PROGRAM THAT WILL LAUNCH IN FYE 2023.06.30.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wei Yang Board Chair | OfficerTrustee | 5 | $0 |
Shong Gao Vice President | OfficerTrustee | 5 | $0 |
Weisheng Lu Treasurer | OfficerTrustee | 5 | $0 |
Qinghua Zhao Secretary/assoc. Head Of School | OfficerTrustee | 40 | $232,084 |
William Scarborough CFO | Officer | 40 | $60,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,519 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,839 |
| Net Gain/Loss on Asset Sales | -$252,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,642 |
| Statement of Expenses | |
|---|---|
| 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. | $236,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,258,503 |
| Pension plan accruals and contributions | $64,161 |
| Other employee benefits | $94,527 |
| Payroll taxes | $100,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,594 |
| Fees for services: Accounting | $48,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,358 |
| Information technology | $52,568 |
| Royalties | $0 |
| Occupancy | $307,199 |
| Travel | $1,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,155,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,144,808 |
| Insurance | $153,462 |
| All other expenses | $0 |
| Total functional expenses | $13,425,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $898,941 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,138 |
| Total assets | $63,251,556 |
| Accounts payable and accrued expenses | $177,021 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $39,500,744 |
| Unsecured mortgages and notes payable | $743,059 |
| Other liabilities | $2,483,424 |
| Total liabilities | $42,904,248 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $20,347,308 |