Civic Intelligence

Grand River Academy

990 • Fiscal year 2020 • EIN 34-0753533

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

3042 College StreetAustinburg, OH 44010

(440) 275-2811

Siviq Scores

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

Liabilities / Assets

64th percentile

0.32x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.83x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$153,846

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

13th percentile

-4.5%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-6.5%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$8,175,689

Down $387,364 (-4.5%) from 2019

Net Assets

Down

$5,594,010

Down $579,122 (-9.4%) from 2019

Liabilities

Up

$2,581,679

Up $191,758 (+8.0%) from 2019

Revenue

Down

$3,125,332

Down $217,396 (-6.5%) from 2019

Expenses

Down

$3,698,214

Down $612,421 (-14%) from 2019

Net Income

Up

-$572,882

Up $395,025 (+41%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $8,162,289Liabilities 2014: $2,821,325Net Assets 2014: $5,340,9642014Assets 2015: $8,486,654Liabilities 2015: $2,912,136Net Assets 2015: $5,574,5182015Assets 2016: $10,145,796Liabilities 2016: $2,821,392Net Assets 2016: $7,324,4042016Assets 2017: $10,079,182Liabilities 2017: $2,638,097Net Assets 2017: $7,441,0852017Assets 2018: $9,334,449Liabilities 2018: $2,250,730Net Assets 2018: $7,083,7192018Assets 2019: $8,563,053Liabilities 2019: $2,389,921Net Assets 2019: $6,173,1322019Assets 2020: $8,175,689Liabilities 2020: $2,581,679Net Assets 2020: $5,594,0102020Assets 2021: $8,896,716Liabilities 2021: $2,556,716Net Assets 2021: $6,340,0002021

Highlighted filing

2020

Assets$8,175,689
Liabilities$2,581,679
Net Assets$5,594,010

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $4,572,276Expenses 2014: $4,013,611Net Income 2014: $558,6652014Revenue 2015: $4,543,489Expenses 2015: $4,309,935Net Income 2015: $233,5542015Revenue 2016: $4,813,428Expenses 2016: $4,938,380Net Income 2016: -$124,9522016Revenue 2017: $5,142,765Expenses 2017: $5,146,781Net Income 2017: -$4,0162017Revenue 2018: $4,719,198Expenses 2018: $5,162,548Net Income 2018: -$443,3502018Revenue 2019: $3,342,728Expenses 2019: $4,310,635Net Income 2019: -$967,9072019Revenue 2020: $3,125,332Expenses 2020: $3,698,214Net Income 2020: -$572,8822020Revenue 2021: $3,452,522Expenses 2021: $3,233,635Net Income 2021: $218,8872021

Highlighted filing

2020

Revenue$3,125,332
Expenses$3,698,214
Net Income-$572,882
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$3,125,332
Mission and Program Overview

Mission

To provide quality private secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,150,178$5,854,425▼ $295,753
Investments in Publicly Traded Securities$1,971,846$1,638,589▼ $333,257
Accounts Receivable$95,683$362,131▲ $266,448
Cash and Non-Interest-Bearing Accounts$273,959$253,368▼ $20,591
Inventories for Sale or Use$37,687$27,652▼ $10,035
Savings and Temporary Cash Investments$15,204$22,170▲ $6,966
Prepaid Expenses and Deferred Charges$18,496$17,354▼ $1,142
Total Assets$8,563,053$8,175,689▼ $387,364
Liabilities
Unsecured Notes Loans Payable$1,000,000$1,000,000→ $0
Deferred Revenue$613,218$724,613▲ $111,395
Other Liabilities$462,025$584,276▲ $122,251
Mortgage Notes Payable Secured by Investment Property$145,803$151,870▲ $6,067
Accounts Payable and Accrued Expenses$168,875$120,920▼ $47,955
Total Liabilities$2,389,921$2,581,679▲ $191,758
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,663,932$5,375,537▼ $288,395
Net Assets With Donor Restrictions$509,200$218,473▼ $290,727
Total Net Assets Fund Balance$6,173,132$5,594,010▼ $579,122
Total Liabilities and Net Assets / Fund Balance$8,563,053$8,175,689▼ $387,364

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,891,652$5,774,287$10,665,939
Equipment$65,358$1,530,088$1,595,446
Leasehold Improvements$233,091$746,028$979,119
Land$633,367-$633,367
Other Land Buildings$30,957$113,363$144,320

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$501,522-▲ $18,778-$209,999
2018$522,447$25,125▲ $26,598-$501,522
2017$1,901,333$26,620▲ $128,288$1,533,794$522,447
2016$1,946,169$1,305▲ $172,059$218,200$1,901,333
2015-$1,875,635▲ $70,534-$1,946,169
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim OdittHead of SchoolFT$153,846$153,846

Board Members and Trustees

NameTitle
Steven SchonemanChair of the Board
Edward G PuhlVice Chairman of the Board
Blair a CampomizziTrustee
Francis GardnerTrustee
Frank EdmondsTrustee
John DecatoTrustee
Robert FritzTrustee
Sharon TiknisTrustee
Susan BakerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$146,812
Program Service Revenue
$2,776,080
Investment Income
$62,226
Other Revenue
$140,214
All Other Contributions
$146,812
Change in Net Assets
$-572,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,125,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-6,240
Total Revenue per Audited Statements
$3,119,092
Total Revenue per Form 990
$3,125,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,560,002
Other Expenses$1,410,782
Grants and Similar Amounts Paid$727,430
Total Fundraising Expense$136,687
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$843,303$111,629$30,578$985,510
Grants to Domestic Individuals$727,430--$727,430
Depreciation Depletion$273,922$29,750$2,081$305,753
Other Employee Benefits$237,232$31,217$4,947$273,396
All Other Expenses$196,311$44,031$5,606$245,948
Current Officers, Directors, Trustees, and Key Employees$130,769$18,462$4,615$153,846
Occupancy$128,760$11,198-$139,958
Payroll Taxes$83,901$11,234$3,035$98,170
Advertising$9,195$4,598$78,163$91,956
Insurance$70,115$6,100-$76,215
Interest$55,139--$55,139
Pension Plan Contributions$39,252$8,357$1,471$49,080
Other Expenses$41,193$4,846$2,422$48,461
Fees for Services Other$9,809$4,002$2,198$16,009
Total Functional Expenses$3,267,197$294,330$136,687$3,698,214

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,698,214
Total Expenses per Audited Statements$3,698,214
Total Expenses per Form 990$3,698,214
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Noncurrent$584,276
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 B, Line 11B

A copy of form 990 is provided to trustees before it is filed.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Grand River Academy
EIN
34-0753533
Phone
4402752811
Address
3042 COLLEGE STREET, AUSTINBURG, OH 44010

Signing Officer

Name
Tony Tucker
Title
Head of School
Phone
4402752811
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Tucker
Formed
1940
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
50
Volunteers
0

Preparer

Firm
Snodgrass of Ne Ohio Inc
Address
4820 STATE ROAD, ASHTABULA, OH 44004
Preparer
Larry S Johnson
Phone
4409932142
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Scholarship, capital expenditures, program

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IRS990/OtherRevenueMiscGrp/ExclusionAmt0140214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0140214
IRS990/OtherRevenueTotalAmt0140214
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt030578
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0111629
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0843303
IRS990/OtherSalariesAndWagesGrp/TotalAmt0985510
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03035
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011234
IRS990/PayrollTaxesGrp/ProgramServicesAmt083901
IRS990/PayrollTaxesGrp/TotalAmt098170
IRS990/PensionPlanContributionsGrp/FundraisingAmt01471
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08357
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039252
IRS990/PensionPlanContributionsGrp/TotalAmt049080
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018496
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017354
IRS990/PrincipalOfficerNm0TONY TUCKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2621300
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4451211
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2COUNSELING
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER SCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc4BOOKSTORE-CANTEEN
IRS990/ProgramServiceRevenueGrp/ExclusionAmt032298
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02549020
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181622
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt256393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt353926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02549020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt256393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt353926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt432298
IRS990/ProgSrvcAccomActy2Grp/Desc0BOOKSTORE-CANTEEN FROM WHICH STUDENTS PURCHASE TEXT BOOKS, SCHOOL SUPPLIES, TOILETRIES, FOOD AND GYM & CASUAL CLOTHING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt029781
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt032298
IRS990/ProgSrvcAccomActy3Grp/Desc0SUMMER SCHOOL PROGRAMS-FIVE WEEK BOARDING/DAY SUMMER SCHOOL ENROLLING 15 STUDENTS ON AVERAGE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt050850
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt053926
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0154601
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0627041
IRS990/PYInvestmentIncomeAmt043252
IRS990/PYOtherExpensesAmt01692748
IRS990/PYOtherRevenueAmt065883
IRS990/PYProgramServiceRevenueAmt03078992
IRS990/PYRevenuesLessExpensesAmt0-967907
IRS990/PYSalariesCompEmpBnftPaidAmt01990846
IRS990/PYTotalExpensesAmt04310635
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03342728
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-572882
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02657558
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015204
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022170
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04891652
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05774287
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010665939
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0501522
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0209999
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-310301
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt018778
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0522447
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0501522
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-72648
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026598
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01901333
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt026620
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0522447
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0128288
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01533794
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01946169
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01305
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01901333
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0172059
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0218200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01875635
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01946169
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt070534
IRS990ScheduleD/DisclosedForCharitablePrpsInd00
IRS990ScheduleD/DisclosedOrgLegCtrlInd00
IRS990ScheduleD/DonorAdvisedFundsContriAmt018034
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0340015
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt065358
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01530088
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01595446
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03698214
IRS990ScheduleD/LandGrp/BookValueAmt0633367
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0633367
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0233091
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0746028
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0979119
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-6240
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030957
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113363
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0144320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0584276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NONCURRENT
IRS990ScheduleD/RevenueNotReportedAmt0-6240
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03125332
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP, CAPITAL EXPENDITURES, PROGRAM
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05854425
IRS990ScheduleD/TotalExpensesPerForm990Amt03698214
IRS990ScheduleD/TotalLiabilityAmt0584276
IRS990ScheduleD/TotalRevenuePerForm990Amt03125332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03119092
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03698214
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

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