Civic Intelligence

Global Online Academy

990 • Fiscal year 2020 • EIN 45-1565078

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

66th percentile

0.24x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$371,917

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

50%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

28%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,732,635

Up $1,243,595 (+50%) from 2019

Net Assets

Up

$2,853,142

Up $507,290 (+22%) from 2019

Liabilities

Up

$879,493

Up $736,305 (+514%) from 2019

Revenue

Up

$4,174,566

Up $906,735 (+28%) from 2019

Expenses

Up

$3,667,276

Up $856,395 (+30%) from 2019

Net Income

Up

$507,290

Up $50,340 (+11%) from 2019

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

2020

Assets$3,732,635
Liabilities$879,493
Net Assets$2,853,142

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

2020

Revenue$4,174,566
Expenses$3,667,276
Net Income$507,290
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$4,174,566
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$1,925,855$3,154,769▲ $1,228,914
Accounts Receivable$179,232$322,898▲ $143,666
Savings and Temporary Cash Investments$105,703$105,754▲ $51
Intangible Assets$144,516$91,157▼ $53,359
Land, Buildings, and Equipment, Net$92,816$30,393▼ $62,423
Prepaid Expenses and Deferred Charges$40,918$27,664▼ $13,254
Total Assets$2,489,040$3,732,635▲ $1,243,595
Liabilities
Deferred Revenue$43,666$613,694▲ $570,028
Accounts Payable and Accrued Expenses$99,522$265,799▲ $166,277
Total Liabilities$143,188$879,493▲ $736,305
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,345,852$2,853,142▲ $507,290
Total Net Assets Fund Balance$2,345,852$2,853,142▲ $507,290
Total Liabilities and Net Assets / Fund Balance$2,489,040$3,732,635▲ $1,243,595

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,393$185,411$215,804
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael NachbarExecutive DirectorFT$371,917$371,917
Eric HudsonDirector of Learning and DesignFT$141,157$141,157
Bonnie LathramDirector of Professional LearningFT$137,158$137,158

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,147,975
Investment Income
$51
Other Revenue
$26,540
Change in Net Assets
$507,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,174,566
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,174,566
Total Revenue per Form 990
$4,174,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,763,737
Other Expenses$903,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,111,949$54,888-$2,166,837
Current Officers, Directors, Trustees, and Key Employees$198,024$99,041-$297,065
Fees for Services Other$120,563$139,672-$260,235
Other Employee Benefits$177,173$22,950-$200,123
Depreciation Depletion$53,360$67,214-$120,574
Travel$61,493$39,696-$101,189
Payroll Taxes$88,097$11,615-$99,712
Information Technology$4,422$69,451-$73,873
Fees for Services Accounting-$72,927-$72,927
Advertising-$45,489-$45,489
Office Expenses$3,099$33,104-$36,203
Insurance-$25,468-$25,468
Other Expenses$4,701$7,590-$12,291
Fees for Services Legal-$10,624-$10,624
Occupancy-$389-$389
Total Functional Expenses$2,935,811$731,465$0$3,667,276

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,667,276
Total Expenses per Audited Statements$3,667,276
Total Expenses per Form 990$3,667,276
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 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

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
2021-05-17
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight process or selection process during the tax year.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF LEARNING AND DESIGN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF PROFESSIONAL LEARNING
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04174566
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt069451
IRS990/InformationTechnologyGrp/ProgramServicesAmt04422
IRS990/InformationTechnologyGrp/TotalAmt073873
IRS990/InsuranceGrp/ManagementAndGeneralAmt025468
IRS990/InsuranceGrp/TotalAmt025468
IRS990/IntangibleAssetsGrp/BOYAmt0144516
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IRS990/InvestmentIncomeGrp/ExclusionAmt051
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt092816
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030393
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GLOBAL ONLINE ACADEMY REIMAGINES LEARNING TO EMPOWER STUDENTS AND EDUCATORS TO THRIVE IN A GLOBALLY NETWORKED SOCIETY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3SUPPLIES AND EQUIPMENT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11785
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27590
IRS990/OtherExpensesGrp/ProgramServicesAmt057893
IRS990/OtherExpensesGrp/ProgramServicesAmt117542
IRS990/OtherExpensesGrp/ProgramServicesAmt237495
IRS990/OtherExpensesGrp/ProgramServicesAmt34701
IRS990/OtherExpensesGrp/TotalAmt057893
IRS990/OtherExpensesGrp/TotalAmt147104
IRS990/OtherExpensesGrp/TotalAmt239280
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IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011615
IRS990/PayrollTaxesGrp/ProgramServicesAmt088097
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
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IRS990/ProgramServiceRevenueGrp/Desc1PROF DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSTRUCTIONAL FEES
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02820210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02521968
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015275068
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt063
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt063
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0985987
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01075119
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt04289335
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0985987
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01075119
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt04289335
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03232236
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02552679
IRS990ScheduleA/Total509Grp/TotalAmt015275068
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04174566
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02522031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02552742
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015357089
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt030393

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