Civic Intelligence

Global Impact STEM Academy

990 • Fiscal year 2018 • EIN 46-1499475

Jul 01, 2017 to Jun 30, 2018 • Filed on May 02, 2019

700 S LIMESTONE ST Room BSpringfield, OH 45505

(937) 328-6600

Siviq Scores

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

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$108,942

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

97th percentile

121%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,133,794

Up $5,008,054 (+121%) from 2017

Net Assets

Up

$8,592,481

Up $4,466,741 (+108%) from 2017

Liabilities

Up

$541,313

Up $541,313 from 2017

Revenue

Down

$5,496,658

Down $4,131,255 (-43%) from 2017

Expenses

Down

$4,554,050

Down $1,947,245 (-30%) from 2017

Net Income

Down

$942,608

Down $2,184,010 (-70%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $679,738Liabilities 2014: $0Net Assets 2014: $679,7382014Assets 2015: $1,040,325Liabilities 2015: $0Net Assets 2015: $1,040,3252015Assets 2016: $999,122Liabilities 2016: $0Net Assets 2016: $999,1222016Assets 2017: $4,125,740Liabilities 2017: $0Net Assets 2017: $4,125,7402017Assets 2018: $9,133,794Liabilities 2018: $541,313Net Assets 2018: $8,592,4812018Assets 2019: $9,787,058Liabilities 2019: $689,033Net Assets 2019: $9,098,0252019Assets 2020: $11,115,387Liabilities 2020: $1,337,399Net Assets 2020: $9,777,9882020Assets 2021: $12,142,411Liabilities 2021: $602,815Net Assets 2021: $11,539,5962021Assets 2022: $17,097,452Liabilities 2022: $5,236,161Net Assets 2022: $11,861,2912022Assets 2023: $17,733,413Liabilities 2023: $5,410,741Net Assets 2023: $12,322,6722023Assets 2024: $21,449,094Liabilities 2024: $6,697,668Net Assets 2024: $14,751,4262024

Highlighted filing

2018

Assets$9,133,794
Liabilities$541,313
Net Assets$8,592,481

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $729,483Expenses 2014: $1,138,336Net Income 2014: -$408,8532014Revenue 2015: $1,846,389Expenses 2015: $1,481,802Net Income 2015: $364,5872015Revenue 2016: $2,671,609Expenses 2016: $2,712,812Net Income 2016: -$41,2032016Revenue 2017: $9,627,913Expenses 2017: $6,501,295Net Income 2017: $3,126,6182017Revenue 2018: $5,496,658Expenses 2018: $4,554,050Net Income 2018: $942,6082018Revenue 2019: $5,789,567Expenses 2019: $5,284,023Net Income 2019: $505,5442019Revenue 2020: $6,267,110Expenses 2020: $5,587,147Net Income 2020: $679,9632020Revenue 2021: $7,268,778Expenses 2021: $5,507,170Net Income 2021: $1,761,6082021Revenue 2022: $6,446,557Expenses 2022: $6,124,862Net Income 2022: $321,6952022Revenue 2023: $7,304,683Expenses 2023: $6,843,302Net Income 2023: $461,3812023Revenue 2024: $10,057,756Expenses 2024: $7,629,002Net Income 2024: $2,428,7542024

Highlighted filing

2018

Revenue$5,496,658
Expenses$4,554,050
Net Income$942,608
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 2, 2019
Return Version
2017v2.3
Gross Receipts
$5,496,658
Mission and Program Overview

Mission

Global Impact STEM Academy is an early-college high school certified in STEM science, technology, engineering and mathematics curriculum and has specialized its core gateways to lead our students from the time they begin high school until they enter college or into specialized professional industries that affect our day-to-day lives.

A STEM school established in January 2013, as a center of creativity and innovation providing challenging, student-centered, inquiry based educational experiences, cross-disciplinary in nature and relevant.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,825,773$6,375,378▲ $1,549,605
Cash and Non-Interest-Bearing Accounts$4,125,740$2,591,747▼ $1,533,993
Accounts Receivable$10,973$87,952▲ $76,979
Pledges and Grants Receivable$5,273$54,679▲ $49,406
Prepaid Expenses and Deferred Charges$41,062$24,038▼ $17,024
Total Assets$9,008,821$9,133,794▲ $124,973
Liabilities
Other Liabilities$1,332,146$412,198▼ $919,948
Accounts Payable and Accrued Expenses$6,949$115,552▲ $108,603
Mortgage Notes Payable Secured by Investment Property$19,853$13,563▼ $6,290
Total Liabilities$1,358,948$541,313▼ $817,635
Net Assets / Fund Balance
Unrestricted Net Assets$7,632,694$8,562,418▲ $929,724
Temporarily Rstr Net Assets$17,179$30,063▲ $12,884
Total Net Assets Fund Balance$7,649,873$8,592,481▲ $942,608
Total Liabilities and Net Assets / Fund Balance$9,008,821$9,133,794▲ $124,973

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,205,147$268,497$6,473,644
Equipment$170,231$116,482$286,713
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joshua JenningsExecutive DirectorFT$108,942$108,942

Board Members and Trustees

NameTitle
Brian BoydBoard Chair
Horton HobbsBoard Vice Chair
Aimee Belanger-HaasBoard Member
Andrew BellBoard Member
Anita BilesBoard Member
Christopher WoeberBoard Member
Daniel YoungBoard Member
Daren CotterBoard Member
Edward LeventhalBoard Member
Greg HomanBoard Member
Jamie McGregorBoard Member
Margaret NoonanBoard Member
Robert HillBoard Member
Sue HaddixBoard Member
Tammy RizzoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,840
Program Service Revenue
$5,285,528
Investment Income
$290
Other Revenue
$0
All Other Contributions
$898
Change in Net Assets
$942,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,554,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$3,506,646--$3,506,646
Depreciation Depletion-$246,323-$246,323
Other Expenses$135,339--$135,339
Occupancy$118,975--$118,975
Information Technology$61,273--$61,273
All Other Expenses$40,219--$40,219
Travel$21,537--$21,537
Conferences and Meetings$14,453--$14,453
Interest-$850-$850
Total Functional Expenses$4,306,877$247,173$0$4,554,050
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
Intergovernmental Payable$359,236
Federal income taxes$43,789
Esccog$9,173
Other Payable-
FTE Payable to the Ohio Department of Education-
Student Costs payable to Colleges-
Contracts Payable-
Retainage Payable-
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
Yes
Management duties delegated
No

Governance Explanations

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

The 990 is prepared through a contracted third party. Once the third party completes the 990 it is reviewed by the Treasurer. The treasurer then provides the governing Board a copy to review.

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

The policy is reviewed annually by the Board, Executive Director and NEOLA who we contract with to update our policies. All school policies are available for the public to view upon request and also available to the public online on Boarddocs.com. The annual financial statements are audited by the Ohio Auditor of State and are available on-line at the Auditors website.

Form 990, Part VI, Section B, Line 15A

The Executive Director is the only key employee of this school. The Board reviews his performance and then determines and approves his annual salary.

Form 990, Part VI, Section C, Line 18-19

All school policies are available for the public to view upon request and are posted online on Boarddocs for the public to access. The annual financial statements are audited by the Ohio Auditor of State and are available on-line at the Auditors website.

Form 990, Part VII, Line 2

All workers of the Global Impact STEM Academy are employed by the Educational Service Center Council of Governments Council, EIN 26-3213462. All salaries and related benefits are paid and reported by the Council on the appropriate federal tax forms. The Council is a legally separate body politic and corporate served by an appointed five-member Board of Directors and meets the definition of regional council of governments under chapter 167 of the Ohio Revised Code. The Council primarily provides employment services to state and local governments as well as non-profit entities in Central Ohio.

Form 990, Part VIII, Line 1-12

The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.

Filing and Contact Details

Filer

Filer Name
Global Impact Stem Academy
EIN
46-1499475
Phone
9373286600
Address
700 S LIMESTONE ST Room B, SPRINGFIELD, OH 45505

Signing Officer

Name
Tammy Rizzo
Title
Treasurer
Phone
6147534706
Signed
2019-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Jennings
Formed
2013
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Gueye and Associates CPA Inc
Address
2246 S HAMILTON RD SUITE 102, COLUMBUS, OH 43232
Preparer
Alioune Gueye
Phone
6143420297
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

All workers of the Global Impact STEM Academy are employed by the Educational Service Center Council of Governments Council, EIN 26-3213462. All salaries and related benefits are paid and reported by the Council on the appropriate federal tax forms. The Council is a legally separate body politic and corporate served by an appointed five-member Board of Directors and meets the definition of regional council of governments under chapter 167 of the Ohio Revised Code. The Council primarily provides employment services to state and local governments as well as non-profit entities in Central Ohio.

Form 990, Part IX, Line 1-26

The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.

Form 990, Part X, Line 1-34

The prior year balances were restated to conform with the change in accounting method from cash to accrual.

Form 990, Part XI, Line 4

The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.

Form 990, Part XII, Line 1

The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.

Form 990, Part XII, Line 2-3

STEM schools established under Section 3326 of the Ohio Revise Code are all subject to audits by the Ohio Auditor of State. Global Impact STEM Academy received an unmodified clean opinion for its fiscal 2018 audit.

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IRS990/InformationTechnologyGrp/ProgramServicesAmt061273
IRS990/InformationTechnologyGrp/TotalAmt061273
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0850
IRS990/InterestGrp/TotalAmt0850
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0290
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IRS990/IRPDocumentCnt017
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06375378
IRS990/LandBldgEquipCostOrOtherBssAmt06760357
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Global Impact STEM Academy is an early-college high school certified in STEM science, technology, engineering and mathematics curriculum and has specialized its core gateways to lead our students from the time they begin high school until they enter college or into specialized professional industries that affect our day-to-day lives.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt08592481
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IRS990/OccupancyGrp/TotalAmt0118975
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/ProgramServicesAmt0398902
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IRS990/OtherExpensesGrp/TotalAmt0398902
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IRS990/OtherLiabilitiesGrp/EOYAmt0412198
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05273
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041062
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024038
IRS990/PrincipalOfficerNm0Joshua Jennings
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Foundation Payment
IRS990/ProgramServiceRevenueGrp/Desc1Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc2Service Charges
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05125941
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1114483
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242728
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05125941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1114483
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYProgramServiceRevenueAmt03169569
IRS990/PYRevenuesLessExpensesAmt06614262
IRS990/PYTotalExpensesAmt02984475
IRS990/PYTotalRevenueAmt09598737
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0942608
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05285528
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116482
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Student Costs payable to Colleges
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Contracts Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Retainage Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0As a public school in Ohio, Global Impact STEM Academy is not subject to Rev. Proc. 75-50.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives federal and state grants from the Ohio Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc07
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc16a
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All workers of the Global Impact STEM Academy are employed by the Educational Service Center Council of Governments Council, EIN 26-3213462. All salaries and related benefits are paid and reported by the Council on the appropriate federal tax forms. The Council is a legally separate body politic and corporate served by an appointed five-member Board of Directors and meets the definition of regional council of governments under chapter 167 of the Ohio Revised Code. The Council primarily provides employment services to state and local governments as well as non-profit entities in Central Ohio.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is prepared through a contracted third party. Once the third party completes the 990 it is reviewed by the Treasurer. The treasurer then provides the governing Board a copy to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The policy is reviewed annually by the Board, Executive Director and NEOLA who we contract with to update our policies. All school policies are available for the public to view upon request and also available to the public online on Boarddocs.com. The annual financial statements are audited by the Ohio Auditor of State and are available on-line at the Auditors website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director is the only key employee of this school. The Board reviews his performance and then determines and approves his annual salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All school policies are available for the public to view upon request and are posted online on Boarddocs for the public to access. The annual financial statements are audited by the Ohio Auditor of State and are available on-line at the Auditors website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All workers of the Global Impact STEM Academy are employed by the Educational Service Center Council of Governments Council, EIN 26-3213462. All salaries and related benefits are paid and reported by the Council on the appropriate federal tax forms. The Council is a legally separate body politic and corporate served by an appointed five-member Board of Directors and meets the definition of regional council of governments under chapter 167 of the Ohio Revised Code. The Council primarily provides employment services to state and local governments as well as non-profit entities in Central Ohio.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The prior year balances were restated to conform with the change in accounting method from cash to accrual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10The School changed its method of accounting from cash basis to accrual basis in order to better conform with its audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11STEM schools established under Section 3326 of the Ohio Revise Code are all subject to audits by the Ohio Auditor of State. Global Impact STEM Academy received an unmodified clean opinion for its fiscal 2018 audit.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18-19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VII, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VIII, Line 1-12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 1-26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part X, Line 1-34
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XI, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part XII, Line 1

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