Global Outreach Charter Academys
- Assets
- $28.0m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 211
- Location
- Jacksonville, FL
- Founding
- 03/2010
- Data as of
- 06/2022
- EIN
- 80-0297346
Organization Overview
Global Outreach Charter Academys is located in Jacksonville, FL. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Global Outreach Charter Academys employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Outreach Charter Academys 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, Global Outreach Charter Academys generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 15.8% 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
THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC AND CONSIST OF THE FOLLOWING: (A) THIS CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. (B) TO AID, SUPPORT, AND ASSIST BY GIFTS, CONTRIBUTIONS, OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION. THE SCHOOL RECEIVED A CHARTER FROM THE DUVAL COUNTY PUBLIC SCHOOLS TO OPERATE A PUBLIC CHARTER SCHOOL. IN 2019, THE SCHOOL'S CHARTER CONTRACT WAS RENEWED FOR AN ADDITIONAL FIVE-YEAR TER
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL OUTREACH CHARTER ACADEMY (GOCA) PROVIDES A HIGH QUALITY, STANDARDS- BASED EDUCATION TO ALL STUDENTS FROM KINDERGARTEN TO 12TH GRADE, WHICH INCLUDES FOREIGN LANGUAGE INSTRUCTION. GOCA IS A TUITION FREE PUBLIC CHARTER SCHOOL. GOCA RECEIVED APPROXIMATELY 5.50 MILLION IN FEDERAL AND STATE GRANTS DURING THE FISCAL YEAR. THE FEDERAL FUNDS WERE USED TO PAY FOR VARIOUS EDUCATIONAL PURPOSES. ALSO, GOCA PROVIDED HOT LUNCHES AND BREAKFAST TO ITS STUDENTS, WHICH WAS SUPPORTED BY FEDERAL GRANT FUNDS. THE SCHOOL RECEIVED CAPITAL OUTLAY FUNDS FROM THE STATE OF FLORIDA, WHICH WAS USED TO PAY OCCUPANCY COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergey Soroka Former CEO | 50 | $176,000 | |
Anna Korchuk Chief Oper O | 50 | $133,917 | |
Yaroslav Brychka Vice Chairpe | OfficerTrustee | 10 | $0 |
Victoria Budnik President | OfficerTrustee | 25 | $0 |
Veniamin Kushnar Treasurer | OfficerTrustee | 10 | $0 |
Ilya Soroka Current CEO | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,935,411 |
| 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 | $15,935,411 |
| Total Program Service Revenue | $277,498 |
| Investment income | $2,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,215,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $8,083,648 |
| Pension plan accruals and contributions | $13,912 |
| Other employee benefits | $9,893 |
| Payroll taxes | $652,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,834 |
| Fees for services: Accounting | $285,194 |
| 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 | $533,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,008,197 |
| Travel | $124,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $978,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453,197 |
| Insurance | $321,819 |
| All other expenses | $1,715,566 |
| Total functional expenses | $15,320,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,208,086 |
| Savings and temporary cash investments | $2,737,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $855,106 |
| 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 | $180,551 |
| Net Land, buildings, and equipment | $17,707,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,336,517 |
| Total assets | $28,025,971 |
| Accounts payable and accrued expenses | $18,210 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,357,231 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $68,379 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,079 |
| Total liabilities | $25,522,899 |
| Net assets without donor restrictions | $2,503,072 |
| 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 | $28,025,971 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |
Slam Florida Inc Miami, FL | $54,805,051 | $25,153,035 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Odyssey Charter School Inc Palm Bay, FL | $38,445,587 | $26,479,709 |