Civic Intelligence

Global Online Academy

990 • Fiscal year 2019 • EIN 45-1565078

Jul 01, 2018 to Jun 30, 2019 • Filed on May 21, 2020

14050 1st Avenue NESeattle, WA 98125

(206) 617-2433

Siviq Scores

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

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$373,569

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.5%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,489,040

Down $145,880 (-5.5%) from 2018

Net Assets

Up

$2,345,852

Up $456,950 (+24%) from 2018

Liabilities

Down

$143,188

Down $602,830 (-81%) from 2018

Revenue

Up

$3,267,831

Up $427,320 (+15%) from 2018

Expenses

Up

$2,810,881

Up $299,130 (+12%) from 2018

Net Income

Up

$456,950

Up $128,190 (+39%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $886,358Liabilities 2012: $756,899Net Assets 2012: $129,4592012Assets 2013: $1,435,514Liabilities 2013: $1,006,474Net Assets 2013: $429,0402013Assets 2014: $2,234,153Liabilities 2014: $1,628,255Net Assets 2014: $605,8982014Assets 2015: $2,808,436Liabilities 2015: $1,843,038Net Assets 2015: $965,3982015Assets 2016: $3,334,984Liabilities 2016: $1,942,265Net Assets 2016: $1,392,7192016Assets 2017: $3,545,345Liabilities 2017: $1,935,203Net Assets 2017: $1,610,1422017Assets 2018: $2,634,920Liabilities 2018: $746,018Net Assets 2018: $1,888,9022018Assets 2019: $2,489,040Liabilities 2019: $143,188Net Assets 2019: $2,345,8522019Assets 2020: $3,732,635Liabilities 2020: $879,493Net Assets 2020: $2,853,1422020Assets 2021: $5,265,890Liabilities 2021: $448,050Net Assets 2021: $4,817,8402021Assets 2022: $5,152,898Liabilities 2022: $520,024Net Assets 2022: $4,632,8742022Assets 2023: $4,514,015Liabilities 2023: $515,247Net Assets 2023: $3,998,7682023

Highlighted filing

2019

Assets$2,489,040
Liabilities$143,188
Net Assets$2,345,852

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $439,737Expenses 2012: $311,085Net Income 2012: $128,6522012Expenses 2013: $677,8622013Revenue 2014: $1,297,409Expenses 2014: $1,120,551Net Income 2014: $176,8582014Revenue 2015: $2,136,398Expenses 2015: $1,776,898Net Income 2015: $359,5002015Revenue 2016: $2,553,667Expenses 2016: $2,126,346Net Income 2016: $427,3212016Revenue 2017: $2,522,031Expenses 2017: $2,304,608Net Income 2017: $217,4232017Revenue 2018: $2,840,511Expenses 2018: $2,511,751Net Income 2018: $328,7602018Revenue 2019: $3,267,831Expenses 2019: $2,810,881Net Income 2019: $456,9502019Revenue 2020: $4,174,566Expenses 2020: $3,667,276Net Income 2020: $507,2902020Revenue 2021: $6,995,921Expenses 2021: $5,031,223Net Income 2021: $1,964,6982021Revenue 2022: $5,094,009Expenses 2022: $5,278,975Net Income 2022: -$184,9662022Revenue 2023: $5,108,682Expenses 2023: $5,742,788Net Income 2023: -$634,1062023

Highlighted filing

2019

Revenue$3,267,831
Expenses$2,810,881
Net Income$456,950
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 21, 2020
Return Version
2018v3.1
Gross Receipts
$3,267,831
Mission and Program Overview

Mission

The mission of the global online academy is to replicate in online classrooms the intellectually rigorous programs and excellent teaching that are hallmarks of its member schools; to foster new and effective ways, through best practices in online education, for students to learn; and to promote students' global awareness and understanding by creating truly diverse, worldwide, online schoolroom communities.

Reimagines learning to empower students and educators to thrive in a globally networked society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,145,813$1,925,855▼ $219,958
Accounts Receivable$103,897$179,232▲ $75,335
Intangible Assets$43,125$144,516▲ $101,391
Savings and Temporary Cash Investments$165,591$105,703▼ $59,888
Land, Buildings, and Equipment, Net$86,053$92,816▲ $6,763
Prepaid Expenses and Deferred Charges$90,441$40,918▼ $49,523
Total Assets$2,634,920$2,489,040▼ $145,880
Liabilities
Accounts Payable and Accrued Expenses$208,524$99,522▼ $109,002
Deferred Revenue$537,494$43,666▼ $493,828
Total Liabilities$746,018$143,188▼ $602,830
Net Assets / Fund Balance
Unrestricted Net Assets$1,888,902$2,345,852▲ $456,950
Total Net Assets Fund Balance$1,888,902$2,345,852▲ $456,950
Total Liabilities and Net Assets / Fund Balance$2,634,920$2,489,040▼ $145,880

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$92,816$133,197$226,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael NachbarExecutive DirectorFT$255,672$117,897$373,569

Board Members and Trustees

NameTitle
Andrew WatsonChair and Secretary
Emily MccarrenVice Chair
Bambi BettsBoard Member
Bernie NoeBoard Member
Jim BestBoard Member
Julie WilsonBoard Member
Kristen KralBoard Member
Maddy HewittBoard Member
Mark MillironBoard Member
Reshan RichardsBoard Member
Tim BazemoreBoard Member
Dana WeeksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lakeside SchoolShared Services Agreement14050 1ST AVE NE, Seattle, WA 98125$376,442
Noble And Greenough SchoolShared Services Agreement10 CAMPUS DR, Dedham, MA 02026$296,829
TrinetPayroll Services1 PARK PL STE 600, Dublin, CA 94568$199,494
The Dalton SchoolShared Services Agreement108 E 89TH ST, New York, NY 10128$183,876
Episcopal High SchoolShared Services Agreement1200 N QUAKER LN, Alexandria, VA 22302$160,060
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,232,236
Investment Income
$63
Other Revenue
$35,532
Change in Net Assets
$456,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,267,831
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,267,831
Total Revenue per Form 990
$3,267,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,138,043
Other Expenses$672,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,620,106$245,730-$1,865,836
Current Officers, Directors, Trustees, and Key Employees$148,564$90,813-$239,377
Travel$79,328$46,258-$125,586
Fees for Services Accounting-$102,821-$102,821
Conferences and Meetings$89,756--$89,756
Depreciation Depletion$60,094$18,099-$78,193
Information Technology$20,144$53,980-$74,124
Office Expenses$33,266$27,764-$61,030
Fees for Services Other$28,083$32,654-$60,737
Fees for Services Legal-$37,091-$37,091
Occupancy-$34,311-$34,311
Payroll Taxes$15,438$4,600-$20,038
Other Employee Benefits$9,535$3,257-$12,792
Advertising-$9,189-$9,189
Total Functional Expenses$2,104,314$706,567$0$2,810,881

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,810,881
Total Expenses per Audited Statements$2,810,881
Total Expenses per Form 990$2,810,881
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
Backup withholding compliance
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
Yes
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 6

There are two classes of members: founding members which shall be the 10 independent schools that signed two-year membership contracts with global online academy by july 8, 2011 and paid the designated membership fee; and members which are schools that have joined the academy after that date. Every founding member school will have one seat on global online academy's governing board of directors during the first three years of operation.

Form 990, Part VI, Section B, Line 11B

The tax return is prepared by a third party cpa and is reviewed in detail by the executive director prior to filing with the irs.

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

All trustees, officers and key personnel sign a conflict of interest policy. If an individual believes that he or she may have a conflict of interest, the individual shall promptly and fully disclose the conflict to the president of the board of trustees and, when appropriate, the executive director, and shall refrain from participating in any way in the matter to which the conflict relates until the conflict has been resolved. When an issue brought to the full global online academy board of trustees or one of its committees for consideration is one in which a trustee has a direct financial interest, that trustee is asked to make the conflict of interest known in writing to the president of the board. In addition, when the issue is raised, either in committee or at a regular board meeting, the trustee for whom the issue represents a conflict of interest should excuse him or herself from the meeting during the discussion and vote. In the event that the administration believes a transaction with a related party may be in the best interest of the organization, the board president and executive director may submit a recommendation to the board officers for review, evaluation, and recommendation. An interested trustee should not participate in this decision.

Form 990, Part VI, Section B, Line 15

The board of directors and the executive director use a variety of data pools for compensation comparables.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Global Online Academy
EIN
45-1565078
Phone
2066172433
Address
14050 1ST AVENUE NE, SEATTLE, WA 98125

Signing Officer

Name
Michael Nachbar
Title
Executive Director
Phone
2066172433
Signed
2020-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Nachbar
Formed
2011
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
12
Volunteers
13

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Kari Moore CPA
Phone
2066288990
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IRS990/Desc0GLOBAL ONLINE ACADEMY IS AN ONLINE SCHOOL THAT PARTNERS WITH OTHER PRIVATE SCHOOLS WORLDWIDE. DURING THE FISCAL YEAR ENDING JUNE 30, 2019, THERE WERE 93 MEMBER SCHOOLS AND 2,300 INDIVIDUALS ENROLLED IN ONLINE CLASSES. GLOBAL ONLINE ACADEMY CONNECTS STUDENTS FROM ALL OVER THE WORLD AND ALLOWS THEM TO OFFER THEIR LOCAL PERSPECTIVES ON GLOBAL ISSUES. SCHOOLS IN CHINA, GERMANY, HONG KONG, INDONESIA, JAPAN, JORDAN, MEXICO AND SOUTH AFRICA ARE ALSO MEMBERS. GLOBAL ONLINE ACADEMY ALSO PROVIDES PROFESSIONAL LEARNING OPPORTUNITIES FOR EDUCATORS TO DESIGN STUDENT-CENTERED LEARNING OPPORTUNITIES UTILIZING ONLINE LEARNING ENVIRONMENTS.
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