Civic Intelligence

The Globe Academy Inc

EIN 27-1366277 • 501(c)3 • Atlanta, GA

Profile

To foster global learning opportunities through balanced education for children of all backgrounds through a challenging and engageing language immersion education.

2225 Heritage DriveAtlanta, GA 30345

www.theglobeacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.32x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.32x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

55th percentile

6.9%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

8.1%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

7.3%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$40,430,078

Up $27,446,265 (+211%) from 2023

Liabilities

Up

$26,200,446

Up $24,806,569 (+1780%) from 2023

Net Assets

Up

$14,229,632

Up $2,639,696 (+23%) from 2023

Operations
Liabilities / Revenue58th percentileNet Margin55th percentile

Revenue

Up

$18,359,801

Up $2,417,323 (+15%) from 2023

Expenses

Up

$15,720,105

Up $2,100,074 (+15%) from 2023

Net Income

Up

$2,639,696

Up $317,249 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2014: $708,997Liabilities 2014: $488,650Net Assets 2014: $220,3472014Assets 2019: $9,337,449Liabilities 2019: $4,423,266Net Assets 2019: $4,914,1832019Assets 2020: $12,511,178Liabilities 2020: $5,569,851Net Assets 2020: $6,941,3272020Assets 2021: $12,513,811Liabilities 2021: $4,187,106Net Assets 2021: $8,326,7052021Assets 2022: $13,522,096Liabilities 2022: $4,281,546Net Assets 2022: $9,240,5502022Assets 2023: $12,983,813Liabilities 2023: $1,393,877Net Assets 2023: $11,589,9362023Assets 2024: $40,430,078Liabilities 2024: $26,200,446Net Assets 2024: $14,229,6322024

Highlighted filing

2024

Assets$40,430,078
Liabilities$26,200,446
Net Assets$14,229,632
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2014: $3,222,326Expenses 2014: $3,020,369Net Income 2014: $201,9572014Revenue 2019: $10,846,321Expenses 2019: $9,435,124Net Income 2019: $1,411,1972019Revenue 2020: $13,265,633Expenses 2020: $11,238,489Net Income 2020: $2,027,1442020Revenue 2021: $12,599,082Expenses 2021: $11,213,704Net Income 2021: $1,385,3782021Revenue 2022: $13,522,194Expenses 2022: $12,595,560Net Income 2022: $926,6342022Revenue 2023: $15,942,478Expenses 2023: $13,620,031Net Income 2023: $2,322,4472023Revenue 2024: $18,359,801Expenses 2024: $15,720,105Net Income 2024: $2,639,6962024

Highlighted filing

2024

Revenue$18,359,801
Expenses$15,720,105
Net Income$2,639,696
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,430,078
Liabilities
$26,200,446
Net assets
$14,229,632
Revenue
$18,359,801
Expenses
$15,720,105
Net income
$2,639,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.4$26.2$14.2$18.4$15.7$2.64
2023Detailed filing. Detailed filing data is available for this year.$13.0$1.39$11.6$15.9$13.6$2.32
2022Detailed filing. Detailed filing data is available for this year.$13.5$4.28$9.24$13.5$12.6$0.93
2021Detailed filing. Detailed filing data is available for this year.$12.5$4.19$8.33$12.6$11.2$1.39
2020Detailed filing. Detailed filing data is available for this year.$12.5$5.57$6.94$13.3$11.2$2.03
2019Detailed filing. Detailed filing data is available for this year.$9.34$4.42$4.91$10.8$9.44$1.41
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.49$0.22$3.22$3.02$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$18,359,801
Mission and Program Overview

Mission

To foster global learning opportunities through balanced education for children of all backgrounds through a challenging and engageing language immersion education.

Foster global learning opportunities Balanced education of children of all backgrounds World class language immersion education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,497,991$16,088,686▲ $9,590,695
Savings and Temporary Cash Investments$3,029,509$15,466,935▲ $12,437,426
Cash and Non-Interest-Bearing Accounts$2,351,389$4,743,983▲ $2,392,594
Investments in Publicly Traded Securities-$3,570,216-
Accounts Receivable$1,049,705$384,712▼ $664,993
Prepaid Expenses and Deferred Charges$37,126$105,096▲ $67,970
Intangible Assets$18,093$70,450▲ $52,357
Total Assets$12,983,813$40,430,078▲ $27,446,265
Liabilities
Mortgage Notes Payable Secured by Investment Property-$24,430,000-
Accounts Payable and Accrued Expenses$1,363,878$1,656,177▲ $292,299
Other Liabilities$19,356$72,443▲ $53,087
Deferred Revenue$10,643$41,826▲ $31,183
Total Liabilities$1,393,877$26,200,446▲ $24,806,569
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,589,936$14,229,632▲ $2,639,696
Total Net Assets Fund Balance$11,589,936$14,229,632▲ $2,639,696
Total Liabilities and Net Assets / Fund Balance$12,983,813$40,430,078▲ $27,446,265

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,805,883-$9,805,883
Buildings$4,645,439$1,262,138$5,907,577
Land$1,300,928-$1,300,928
Equipment$336,436$59,847$396,283
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christi Elliott-earbyExecutive DirectorFT$151,917$34,931$186,848
Lillian NortonBoard Chair-$119,088$40,518$159,606
Denise Clayton-purvisCFOFT$128,228$30,275$158,503
Jabari ClarkSecretary-$119,135$36,220$155,355

Board Members and Trustees

NameTitle
Michelle HayesVice Chair
Breck HeidlbergBoard Member
Daniela T GibneyBoard Member
Felfei SunBoard Member
Jasmin TanajaBoard Member
Pollyanna CastroBoard Member
Tiffany RussellBoard Member
Cutia BluntHead of School
Priscilla NobleHead of School
Holly PortierSecretary
Adrienne McmillonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$794,724
Program Service Revenue
$17,069,750
Investment Income
$475,602
Other Revenue
$19,725
All Other Contributions
$354,835
Change in Net Assets
$2,639,696

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,359,801
Total Revenue per Audited Statements
$18,359,801
Total Revenue per Form 990
$18,359,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,372,232
Other Expenses$4,347,873
Total Fundraising Expense$11,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,154,823$1,694,115-$8,848,938
Pension Plan Contributions$1,222,987$322,198-$1,545,185
Occupancy-$837,921-$837,921
Interest-$815,078-$815,078
Other Employee Benefits$398,267$109,766-$508,033
All Other Expenses$47,490$297,616-$345,106
Current Officers, Directors, Trustees, and Key Employees-$289,213-$289,213
Depreciation Depletion$46,189$203,631-$249,820
Office Expenses$165,785$14,626$11,234$191,645
Payroll Taxes$135,244$45,619-$180,863
Insurance-$139,815-$139,815
Fees for Services Other$110,463--$110,463
Information Technology$91,902--$91,902
Conferences and Meetings$82,937$320-$83,257
Other Expenses$71,975--$71,975
Total Functional Expenses$10,938,953$4,769,918$11,234$15,720,105

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,774,201
Expenses per Audited Statements$15,720,105
Total Expenses per Form 990$15,720,105
Expenses Not Reported on Form 990$2,054,096
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$72,443
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Provided by email prior to filing.”

Part VI Line 12C

“Members with conflicts must recuse themselves.”

Part VI Line 15A or B

“By comparison to other charter schools and whether goals and objectives of”

Part VI Line 15A or B

“the board are being met.”

Part VI Line 19

“Upon request at the administrative office.”

Filing and Contact Details

Filer

Filer Name
The Globe Academy Inc
EIN
27-1366277
In Care Of
% Christi Elliott-Earby
Phone
4044647040
Address
2225 Heritage Drive, Atlanta, GA 30345

Signing Officer

Name
Christi Elliott-earby
Title
Executive Director
Phone
4703554422
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christi Elliott-earby
Formed
2009
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
317

Preparer

Preparer
Carl D Erwin Jr
Phone
7709123080
Supplemental Narrative

Financial Statement Notes

P12, Ln 2D

“Long-term pension contributions to state retirement plan.”

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