Civic Intelligence

Granite Academy Inc

990 • Fiscal year 2014 • EIN 04-2737184

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

Organization ProfileWWW.GABRAINTREE.ORG

View Organization Page

6 Columbian StreetBraintree, MA 02184

(781) 380-3917

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.63x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.64x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

51st percentile

2.9%

Higher net margin than 51% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$169,084

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

48th percentile

1.5%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$2,851,917

Up $41,127 (+1.5%) from 2013

Net Assets

Up

$1,069,234

Up $81,037 (+8.2%) from 2013

Liabilities

Down

$1,782,683

Down $39,910 (-2.2%) from 2013

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin51st percentile

Revenue

Up

$2,780,384

Up $328,684 (+13%) from 2013

Expenses

Up

$2,699,347

Up $304,095 (+13%) from 2013

Net Income

Up

$81,037

Up $24,589 (+44%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,730,563Liabilities 2011: $1,753,923Net Assets 2011: $976,6402011Assets 2012: $2,684,174Liabilities 2012: $1,752,425Net Assets 2012: $931,7492012Assets 2013: $2,810,790Liabilities 2013: $1,822,593Net Assets 2013: $988,1972013Assets 2014: $2,851,917Liabilities 2014: $1,782,683Net Assets 2014: $1,069,2342014Assets 2015: $3,063,516Liabilities 2015: $1,901,885Net Assets 2015: $1,161,6312015Assets 2016: $2,763,555Liabilities 2016: $1,773,150Net Assets 2016: $990,4052016

Highlighted filing

2014

Assets$2,851,917
Liabilities$1,782,683
Net Assets$1,069,234
Open 2014 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,407,867Expenses 2011: $2,396,239Net Income 2011: $11,6282011Expenses 2012: $2,379,9742012Revenue 2013: $2,451,700Expenses 2013: $2,395,252Net Income 2013: $56,4482013Revenue 2014: $2,780,384Expenses 2014: $2,699,347Net Income 2014: $81,0372014Revenue 2015: $2,832,821Expenses 2015: $2,740,424Net Income 2015: $92,3972015Revenue 2016: $2,954,043Expenses 2016: $3,147,769Net Income 2016: -$193,7262016

Highlighted filing

2014

Revenue$2,780,384
Expenses$2,699,347
Net Income$81,037
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$2,780,384
Mission and Program Overview

Mission

Granite academy was founded in 1981 for the purpose of providing educational and vocational services to boys and girls ages 12 through 21 who have serious learning, behavioral and emotional problems. The academy provides its services through an approved chapter 766 day school located in braintree, ma.

Granite academy was founded in 1981 for the purpose of providing educational and vocational services to boys and girls ages 12 through 21 who have serious learning, behavioral and emotional problems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,934,959$1,911,354▼ $23,605
Savings and Temporary Cash Investments$573,103$533,629▼ $39,474
Accounts Receivable$189,280$161,354▼ $27,926
Cash and Non-Interest-Bearing Accounts$53,900$156,021▲ $102,121
Prepaid Expenses and Deferred Charges$7,030$19,505▲ $12,475
Total Assets$2,810,790$2,851,917▲ $41,127
Other Assets Total$52,518$70,054▲ $17,536
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,694,668$1,642,703▼ $51,965
Accounts Payable and Accrued Expenses$127,925$139,980▲ $12,055
Total Liabilities$1,822,593$1,782,683▼ $39,910
Net Assets / Fund Balance
Unrestricted Net Assets$978,197$1,069,234▲ $91,037
Temporarily Rstr Net Assets$10,000$0▼ $10,000
Total Net Assets Fund Balance$988,197$1,069,234▲ $81,037
Total Liabilities and Net Assets / Fund Balance$2,810,790$2,851,917▲ $41,127

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,783,030$1,296,520$3,079,550
Land$88,745-$88,745
Equipment$33,845$43,085$76,930
Other Land Buildings$5,734-$5,734
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BertramDirector/executive DirectorFT$149,392$19,692$169,084
Louis TozziClerk-$1,800-$1,800

Board Members and Trustees

NameTitle
Tom FeldmanPresident
Derrick EgbertDirector
Lisa McelaneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,632
Program Service Revenue
$2,761,366
Investment Income
$2,356
Other Revenue
$9,030
All Other Contributions
$7,632
Change in Net Assets
$81,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,780,384
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,780,384
Total Revenue per Form 990
$2,780,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,811,823
Other Expenses$887,524
Total Fundraising Expense$2,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,354,516$53,362-$1,407,878
Occupancy$437,470$13,530-$451,000
Depreciation Depletion$153,311$4,742-$158,053
Current Officers, Directors, Trustees, and Key Employees-$155,033-$155,033
Payroll Taxes$125,051$14,543-$139,594
Other Employee Benefits$94,013$15,305-$109,318
All Other Expenses$31,387$28,621$2,348$62,356
Fees for Services Accounting-$21,600-$21,600
Other Expenses$19,380--$19,380
Travel$10,327--$10,327
Fees for Services Legal-$5,221-$5,221
Insurance-$2,735-$2,735
Total Functional Expenses$2,382,307$314,692$2,348$2,699,347

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,699,347
Total Expenses per Audited Statements$2,699,347
Total Expenses per Form 990$2,699,347
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Due to the small size of the board of directors (5 directors), there are no committees with the authority to act on its behalf.”

Form 990, Part VI, Section B, Line 11

“The organization's executive director reviews a draft of the form 990, which is prepared by the organization's independent accountants. Any resultant comments and changes are incorporated into the form by the independent accountants. A final version of the form 990 is then provided to each member of the board of directors prior to its filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“All officers and directors of the organization are required to file a statement on an annual basis disclosing any potential interests that could give rise to conflicts. These statements are completed at the beginning of each fiscal year and are evaluated by the officers of the organization. Individuals with potential conflicts of interest are prohibited from participating in any deliberations or decisions that may be effected by a potential conflict of interest.”

Form 990, Part VI, Section B, Line 15A

“Compensation of the executive director is reviewed on an annual basis in connection with the organization's budgeting process. The board of directors reviews and approves the compensation of the executive director using data for comparable organizations. Such deliberations and decisions are recorded in the meeting minutes.”

Form 990, Part VI, Section C, Line 19

“The organization's audited financial statements are available to the public via the websites of certain state regulatory agencies as well as upon request.”

Filing and Contact Details

Filer

EIN
04-2737184
Phone
7813803917

Signing Officer

Name
James Bertram
Title
Executive Director
Phone
7813803945
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bertram
Formed
1981
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
4
Employees
37
Volunteers
4

Preparer

Preparer
Stephen M Snow
Phone
7813564800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization qualifies under section 501(c)(3) of the internal revenue code (the "code") as exempt from federal and state income taxes. The organization is not a private foundation within the meaning of section 509(a) of the code. It is an educational organization as described in sections 509(a)(1) and 170(b)(1)(a)(ii) of the code. Accounting principles generally accepted in the united states of america require the organization to evaluate tax positions taken and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would be sustained upon examination by taxing authorities. The organization has analyzed the tax positions taken and concluded that, as of june 30, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for years prior to 2011.”

Raw XML AppendixShowing 400 of 412 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0127925
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0139980
IRS990/AccountsReceivableGrp/BOYAmt0189280
IRS990/AccountsReceivableGrp/EOYAmt0161354
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GRANITE ACADEMY WAS FOUNDED IN 1981 FOR THE PURPOSE OF PROVIDING EDUCATIONAL AND VOCATIONAL SERVICES TO BOYS AND GIRLS AGES 12 THROUGH 21 WHO HAVE SERIOUS LEARNING, BEHAVIORAL AND EMOTIONAL PROBLEMS.
IRS990/AllOtherContributionsAmt07632
IRS990/AllOtherExpensesGrp/FundraisingAmt02348
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt028621
IRS990/AllOtherExpensesGrp/ProgramServicesAmt031387
IRS990/AllOtherExpensesGrp/TotalAmt062356
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10JAMES BERTRAM
IRS990/BooksInCareOfDetail/PhoneNum07813803945
IRS990/BooksInCareOfDetail/USAddress/AddressLine106 COLUMBIAN STREET
IRS990/BooksInCareOfDetail/USAddress/City0BRAINTREE
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode002184
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt053900
IRS990/CashNonInterestBearingGrp/EOYAmt0156021
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0155033
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155033
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07632
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02356
IRS990/CYOtherExpensesAmt0887524
IRS990/CYOtherRevenueAmt09030
IRS990/CYProgramServiceRevenueAmt02761366
IRS990/CYRevenuesLessExpensesAmt081037
IRS990/CYSalariesCompEmpBnftPaidAmt01811823
IRS990/CYTotalExpensesAmt02699347
IRS990/CYTotalFundraisingExpenseAmt02348
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02780384
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04742
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0153311
IRS990/DepreciationDepletionGrp/TotalAmt0158053
IRS990/Desc0GRANITE ACADEMY SERVES BOYS AND GIRLS AGES 12-21, WHO HAVE SERIOUS LEARNING, BEHAVIORAL AND EMOTIONAL PROBLEMS. (APPROXIMATELY 40 TO 50 INDIVIDUALS WERE SERVED DURING FISCAL YEAR 2014).
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02382307
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021600
IRS990/FeesForServicesAccountingGrp/TotalAmt021600
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05221
IRS990/FeesForServicesLegalGrp/TotalAmt05221
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt319692
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM FELDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1LISA MCELANEY
IRS990/Form990PartVIISectionAGrp/PersonNm2LOUIS TOZZI
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES BERTRAM
IRS990/Form990PartVIISectionAGrp/PersonNm4DERRICK EGBERT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3149392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02780384
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt02356
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt02356
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02735
IRS990/InsuranceGrp/TotalAmt02735
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01339605
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01934959
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01911354
IRS990/LandBldgEquipCostOrOtherBssAmt03250959
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRANITE ACADEMY WAS INCORPORATED FOR THE PURPOSE OF PROVIDING EDUCATIONAL AND VOCATIONAL SERVICES TO BOYS AND GIRLS AGES 12 THROUGH 21 WHO HAVE SERIOUS LEARNING, BEHAVIORAL AND EMOTIONAL PROBLEMS. THE ORGANIZATION PROVIDES ITS SERVICES THROUGH AN APPROVED CHAPTER 766 DAY SCHOOL LOCATED IN BRAINTREE, MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01694668
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01642703
IRS990/NetAssetsOrFundBalancesBOYAmt0988197
IRS990/NetAssetsOrFundBalancesEOYAmt01069234
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013530
IRS990/OccupancyGrp/ProgramServicesAmt0437470
IRS990/OccupancyGrp/TotalAmt0451000
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt052518
IRS990/OtherAssetsTotalGrp/EOYAmt070054
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015305
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt094013
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0109318
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES & MATE
IRS990/OtherExpensesGrp/Desc1DIRECT CARE CONSULTANT
IRS990/OtherExpensesGrp/Desc2MEALS
IRS990/OtherExpensesGrp/Desc3STAFF TRAINING
IRS990/OtherExpensesGrp/ProgramServicesAmt068104
IRS990/OtherExpensesGrp/ProgramServicesAmt145544
IRS990/OtherExpensesGrp/ProgramServicesAmt243204
IRS990/OtherExpensesGrp/ProgramServicesAmt319380
IRS990/OtherExpensesGrp/TotalAmt068104
IRS990/OtherExpensesGrp/TotalAmt145544
IRS990/OtherExpensesGrp/TotalAmt243204
IRS990/OtherExpensesGrp/TotalAmt319380
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09030
IRS990/OtherRevenueTotalAmt09030
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt053362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01354516
IRS990/OtherSalariesAndWagesGrp/TotalAmt01407878
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014543
IRS990/PayrollTaxesGrp/ProgramServicesAmt0125051
IRS990/PayrollTaxesGrp/TotalAmt0139594
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07030
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019505
IRS990/PrincipalOfficerNm0JAMES BERTRAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02761366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02761366
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt028665
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02871
IRS990/PYOtherExpensesAmt0810451
IRS990/PYOtherRevenueAmt05681
IRS990/PYProgramServiceRevenueAmt02414483
IRS990/PYRevenuesLessExpensesAmt056448
IRS990/PYSalariesCompEmpBnftPaidAmt01584801
IRS990/PYTotalExpensesAmt02395252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02451700
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt081037
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02761366
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0573103
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0533629
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01783030
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01296520
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03079550
IRS990ScheduleD/EquipmentGrp/BookValueAmt033845
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076930
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02699347
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt088745
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt088745
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05734
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05734
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02780384
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. IT IS AN EDUCATIONAL ORGANIZATION AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(II) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT, AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01911354
IRS990ScheduleD/TotalExpensesPerForm990Amt02699347
IRS990ScheduleD/TotalRevenuePerForm990Amt02780384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02780384
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02699347
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THROUGH ADVERTISEMENTS IN NEWSPAPERS, TRADE PUBLICATIONS AND SCHOOL ASSOCIATION BOOKLETS AND MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1GRANITE ACADEMY IS A PRIVATE DAY SCHOOL APPROVED BY THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION AND, AS SUCH, RECEIVES FUNDING FROM VARIOUS CITIES AND TOWNS WITHIN MASSACHUSETTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0149392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt019692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES BERTRAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR/EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUE TO THE SMALL SIZE OF THE BOARD OF DIRECTORS (5 DIRECTORS), THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S EXECUTIVE DIRECTOR REVIEWS A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE EFFECTED BY A POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS IN CONNECTION WITH THE ORGANIZATION'S BUDGETING PROCESS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR USING DATA FOR COMPARABLE ORGANIZATIONS. SUCH DELIBERATIONS AND DECISIONS ARE RECORDED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE WEBSITES OF CERTAIN STATE REGULATORY AGENCIES AS WELL AS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02810790
IRS990/TotalAssetsEOYAmt02851917
IRS990/TotalAssetsGrp/BOYAmt02810790
IRS990/TotalAssetsGrp/EOYAmt02851917
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt07632
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02348
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0314692
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02382307
IRS990/TotalFunctionalExpensesGrp/TotalAmt02699347
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01822593
IRS990/TotalLiabilitiesEOYAmt01782683
IRS990/TotalLiabilitiesGrp/BOYAmt01822593
IRS990/TotalLiabilitiesGrp/EOYAmt01782683
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0988197
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01069234
IRS990/TotalOtherCompensationAmt019692
IRS990/TotalProgramServiceExpensesAmt02382307
IRS990/TotalProgramServiceRevenueAmt02761366
IRS990/TotalReportableCompFromOrgAmt0151192
IRS990/TotalRevenueGrp/ExclusionAmt02356
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02770396
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02780384
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02810790
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02851917
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010327
IRS990/TravelGrp/TotalAmt010327
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0978197
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01069234
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine106 COLUMBIAN STREET
IRS990/USAddress/City0BRAINTREE
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode002184
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GABRAINTREE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES BERTRAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07813803945
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10GRANITE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
ReturnHeader/Filer/EIN0042737184
ReturnHeader/Filer/PhoneNum07813803917
ReturnHeader/Filer/USAddress/AddressLine106 COLUMBIAN STREET
ReturnHeader/Filer/USAddress/City0BRAINTREE
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002184
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043108635

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,851,917
Liabilities
$1,782,683
Net assets
$1,069,234
Revenue
$2,780,384
Expenses
$2,699,347
Net income
$81,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$2.76$1.77$0.99$2.95$3.15$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.06$1.90$1.16$2.83$2.74$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.85$1.78$1.07$2.78$2.70$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$1.82$0.99$2.45$2.40$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$1.75$0.93$2.38
2011Summary only. Only limited summary data is available for this year.$2.73$1.75$0.98$2.41$2.40$0.01