Civic Intelligence

Global Academy

990 • Fiscal year 2013 • EIN 30-0417217

Jul 01, 2012 to Jun 30, 2013 • Filed on Jan 29, 2014

4065 Central Avenue NE55421
Siviq Scores

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

Liabilities / Assets

50th percentile

0.20x

Higher debt load relative to assets than 50% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

4th percentile

-20%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,742,343

Down $430,439 (-20%) from 2012

Net Assets

Up

$1,398,054

Up $57,446 (+4.3%) from 2012

Liabilities

Down

$344,289

Down $487,885 (-59%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,563,000

Up $542,484 (+11%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,955,914Liabilities 2011: $561,301Net Assets 2011: $1,394,6132011Assets 2012: $2,172,782Liabilities 2012: $832,174Net Assets 2012: $1,340,6082012Assets 2013: $1,742,343Liabilities 2013: $344,289Net Assets 2013: $1,398,0542013Assets 2014: $1,681,227Liabilities 2014: $380,319Net Assets 2014: $1,300,9082014Assets 2015: $2,486,607Liabilities 2015: $3,810,220Net Assets 2015: -$1,323,6132015Assets 2016: $2,681,246Liabilities 2016: $3,749,924Net Assets 2016: -$1,068,6782016Assets 2017: $8,635,521Liabilities 2017: $11,810,848Net Assets 2017: -$3,175,3272017Assets 2018: $5,603,631Liabilities 2018: $9,830,796Net Assets 2018: -$4,227,1652018Assets 2019: $5,271,562Liabilities 2019: $8,613,122Net Assets 2019: -$3,341,5602019Assets 2020: $4,957,209Liabilities 2020: $8,436,620Net Assets 2020: -$3,479,4112020Assets 2021: $4,984,583Liabilities 2021: $8,356,821Net Assets 2021: -$3,372,2382021Assets 2024: $4,501,357Liabilities 2024: $5,376,216Net Assets 2024: -$874,8592024

Highlighted filing

2013

Assets$1,742,343
Liabilities$344,289
Net Assets$1,398,054

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,472,9642011Expenses 2012: $5,020,5162012Expenses 2013: $5,563,0002013Revenue 2014: $5,832,179Expenses 2014: $5,929,325Net Income 2014: -$97,1462014Revenue 2015: $6,385,904Expenses 2015: $6,449,402Net Income 2015: -$63,4982015Revenue 2016: $6,456,881Expenses 2016: $6,201,946Net Income 2016: $254,9352016Revenue 2017: $6,680,859Expenses 2017: $8,787,508Net Income 2017: -$2,106,6492017Revenue 2018: $6,466,212Expenses 2018: $7,518,050Net Income 2018: -$1,051,8382018Revenue 2019: $7,151,633Expenses 2019: $6,922,292Net Income 2019: $229,3412019Revenue 2020: $7,472,048Expenses 2020: $7,387,214Net Income 2020: $84,8342020Revenue 2021: $7,786,026Expenses 2021: $7,444,261Net Income 2021: $341,7652021Revenue 2024: $9,435,893Expenses 2024: $8,949,182Net Income 2024: $486,7112024

Highlighted filing

2013

Revenue-
Expenses$5,563,000
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Jan 29, 2014
Return Version
2012v2.1
Gross Receipts
$5,620,446
Mission and Program Overview

Mission

Global academy is a free, chartered public elementary and middle school that seeks to serve a diverse group of students. Global academy is committed to service in the broader world based on the goals of the international baccalaureate organization. Empowered by academic rigor, graduates of global academy will be fully prepared for success and leadership in challenging high school programs.

Filing and Contact Details

Filer

EIN
30-0417217
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IRS990/Description0GLOBAL ACADEMY IS A NONPROFIT CORPORATION THAT WAS FORMED AND BEGAN OPERATING IN OCTOBER 2007, IN ACCORDANCE WITH MINNESOTA STATUTES. THE SCHOOL IS SPONSORED BY VOLUNTEERS OF AMERICA-MINNESOTA UNDER THE TERMS OF A FIVE-YEAR CHARTER SCHOOL AUTHORIZER EXTENDING THROUGH FISCAL YEAR 2015. DURING FISCAL YEAR 2012-13, THE SCHOOL HAD 421 STUDENTS ENROLLED.
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IRS990/MissionDescription0GLOBAL ACADEMY IS A FREE, CHARTERED PUBLIC ELEMENTARY AND MIDDLE SCHOOL THAT SEEKS TO SERVE A DIVERSE GROUP OF STUDENTS. GLOBAL ACADEMY IS COMMITTED TO SERVICE IN THE BROADER WORLD BASED ON THE GOALS OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. EMPOWERED BY ACADEMIC RIGOR, GRADUATES OF GLOBAL ACADEMY WILL BE FULLY PREPARED FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL'S NONDISCRIMINATORY POLICES ARE AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION HAS TWO VOTING CLASSES OF MEMBERSHIP DESIGNATED AS "ENROLLEE MEMBERS," AND "EMPLOYEE MEMBERS." ENROLLMENT OF A CHILD IN THE ORGANIZATION SHALL QUALIFY THE PARENT(S) OR LEGAL GUARDIAN(S) OF SUCH CHILD FOR MEMBERSHIP DURING THE CHILD'S ENROLLMENT. PAID EMPLOYMENT BY THE ORGANIZATION SHALL QUALIFY THE EMPLOYEE FOR MEMBERSHIP DURING THE TERM OF THEIR EMPLOYMENT.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE FOR THE BOARD MEMBERS AT THE ANNUAL MEETING IN PERSON OR BY PROXY.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND DISSEMINATED TO THE FULL BOARD AFTER IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation3EACH DIRECTOR, PRINCIPAL OFFICER AND COMMITTEE MEMBER WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT THAT CONFIRMS THAT THE INDIVIDUAL HAS RECEIVED, UNDERSTOOD, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY WHICH INCLUDES A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS ON PROPOSED TRANSACTIONS. AFTER DISCLOSURE AND ADMISSION OF ANY MATERIAL FACTS, THE CONFLICTED INDIVIDUAL IS REQUIRED TO LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON BY THE BOARD OR COMMITTEE INVOLVED. THE BOARD OR COMMITTEE CHAIR WILL CONDUCT DUE DILIGENCE TO DETERMINE IF A SIMILAR TRANSACTION CAN BE ARRANGED THAT WOULD NOT LEAD TO A CONFLICT OF INTEREST. THE PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD USED THE COMPARATIVE DATA TO DETERMINE THE SCHOOL DIRECTOR'S COMPENSATION AND DOCUMENTED THE DELIBERATION AND DECISION IN THE BOARD MEETING MINUTES; THE PROCESS WAS LAST PERFORMED IN 2013 FOR THE SCHOOL DIRECTOR, HELEN FISK.
IRS990ScheduleO/GeneralExplanation/Explanation5THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/GeneralExplanation/Identifier0EXPLANATION OF METHOD OF ACCOUNTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 1
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine105701 SHINGLE CREEK PARKWAY SUITE
IRS990/TheBooksAreInCareOf/AddressUS/City0BROOKLYN CENTER
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055430
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10BUSINESS MANAGEMENT OFFICE
IRS990/TheBooksAreInCareOf/TelephoneNumber07634326354
IRS990/TotalAssets/BOY02172782
IRS990/TotalAssetsBOY02172782
IRS990/TotalAssets/EOY01742343
IRS990/TotalAssetsEOY01742343
IRS990/TotalCompGT150K00
IRS990/TotalContributions05573894
IRS990/TotalExpensesCurrentYear05563000
IRS990/TotalExpensesPriorYear05020516
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0582669
IRS990/TotalFunctionalExpenses/ProgramServices04980331
IRS990/TotalFunctionalExpenses/Total05563000
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0832174
IRS990/TotalLiabilitiesBOY0832174
IRS990/TotalLiabilities/EOY0344289
IRS990/TotalLiabilitiesEOY0344289
IRS990/TotalLiabNetAssetsFundBalances/BOY02172782
IRS990/TotalLiabNetAssetsFundBalances/EOY01742343
IRS990/TotalNbrEmployees061
IRS990/TotalNbrVolunteers04
IRS990/TotalNetAssetsFundBalances/BOY01340608

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$5.38$0.87$9.44$8.95$0.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$8.36$3.37$7.79$7.44$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.96$8.44$3.48$7.47$7.39$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.27$8.61$3.34$7.15$6.92$0.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.60$9.83$4.23$6.47$7.52$1.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.64$11.8$3.18$6.68$8.79$2.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$3.75$1.07$6.46$6.20$0.25
2015Detailed filing. Detailed filing data is available for this year.$2.49$3.81$1.32$6.39$6.45$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.38$1.30$5.83$5.93$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.34$1.40$5.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.83$1.34$5.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.56$1.39$4.47
Peer Organizations

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