Civic Intelligence

Globe Academy Foundation Inc

990 • Fiscal year 2016 • EIN 46-4838222

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 22, 2017

Organization ProfileWWW.GLOBEPTCC.WEEBLY.COM
PO Box 98348Atlanta, GA 30359

(404) 676-2749

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

136%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$78,950

Up $13,790 (+21%) from 2015

Net Assets

Up

$78,838

Up $13,678 (+21%) from 2015

Liabilities

Up

$112

Up $112 from 2015

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin73rd percentile

Revenue

Up

$152,441

Up $87,944 (+136%) from 2015

Expenses

Up

$127,902

Up $113,610 (+795%) from 2015

Net Income

Down

$24,539

Down $25,666 (-51%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$300K$200K$100K$0Assets 2015: $65,160Liabilities 2015: $0Net Assets 2015: $65,1602015Assets 2016: $78,950Liabilities 2016: $112Net Assets 2016: $78,8382016Assets 2017: $112,245Liabilities 2017: $112Net Assets 2017: $112,1332017Assets 2018: $157,562Liabilities 2018: $112Net Assets 2018: $157,4502018Assets 2019: $184,488Liabilities 2019: $112Net Assets 2019: $184,3762019Assets 2020: $191,118Net Assets 2020: $191,1182020Assets 2021: $49,922Net Assets 2021: $49,9222021Assets 2022: $246,225Net Assets 2022: $246,2252022Assets 2023: $277,881Liabilities 2023: $0Net Assets 2023: $277,8812023Assets 2024: $216,596Liabilities 2024: $0Net Assets 2024: $216,5962024Assets 2025: $159,776Liabilities 2025: $0Net Assets 2025: $159,7762025

Highlighted filing

2016

Assets$78,950
Liabilities$112
Net Assets$78,838
Open 2016 Filing

Operations Trend

Revenue Growth95th percentile

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

$300K$200K$100K$0-$100KRevenue 2015: $64,497Expenses 2015: $14,292Net Income 2015: $50,2052015Revenue 2016: $152,441Expenses 2016: $127,902Net Income 2016: $24,5392016Revenue 2017: $108,294Expenses 2017: $74,999Net Income 2017: $33,2952017Revenue 2018: $155,771Expenses 2018: $110,394Net Income 2018: $45,3772018Revenue 2019: $144,261Expenses 2019: $117,335Net Income 2019: $26,9262019Revenue 2020: $130,752Expenses 2020: $124,010Net Income 2020: $6,7422020Revenue 2021: $75,822Expenses 2021: $67,485Net Income 2021: $8,3372021Revenue 2022: $114,389Expenses 2022: $67,620Net Income 2022: $46,7692022Revenue 2023: $138,300Expenses 2023: $106,644Net Income 2023: $31,6562023Revenue 2024: $145,007Expenses 2024: $206,292Net Income 2024: -$61,2852024Revenue 2025: $109,127Expenses 2025: $161,799Net Income 2025: -$52,6722025

Highlighted filing

2016

Revenue$152,441
Expenses$127,902
Net Income$24,539
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 22, 2017
Return Version
2015v3.0
Gross Receipts
$152,441
Mission and Program Overview

Mission

The foundation offers to further the mission and the purposes of the school, including by providing resources for improvements to the school's faculty, facilities, technology, teacher and program improvements. The activities of the foundation will be to solicit charitable contributions, to expand funds to offset expenses of the school's eductional activities that are not funded by public authorities, and to seek to raise an endowment to generate future income for similar purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,410$78,950▲ $16,540
Savings and Temporary Cash Investments$2,750--
Total Assets$65,160$78,950▲ $13,790
Liabilities
Other Liabilities-$112-
Total Liabilities$0$112▲ $112
Net Assets / Fund Balance
Unrestricted Net Assets$65,160$78,838▲ $13,678
Total Net Assets Fund Balance$65,160$78,838▲ $13,678
Total Liabilities and Net Assets / Fund Balance$65,160$78,950▲ $13,790
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Jared BrandmanPresident
Chip WhiteDirector
Sharon CamaraDirector
George RoseroDirector, VP
Shawn MadgettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$132,441
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,160
Other Expenses$28,742
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,160--$99,160
Office Expenses$1,887--$1,887
Insurance$1,178--$1,178
Fees for Services Accounting-$1,145-$1,145
Other Expenses$819--$819
Fees for Services Other-$175-$175
Total Functional Expenses$126,582$1,320$0$127,902
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Globe AcademyAtlanta, GA-Support the Globe Ac$99,160
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
Other Liabilities$112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Before the return is filed, the board will hold a board meeitng to review the return and ask any questions.”

Form 990, Page 6, Part VI, Line 12C

“The board annually reviews the conflict of interest policy and addresses any conflicts that may arise.”

Form 990, Page 6, Part VI, Line 19

“All documents are available on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Globe Academy Foundation Inc
EIN
46-4838222
Phone
4046762749
Address
PO BOX 98348, ATLANTA, GA 30359

Signing Officer

Name
Jared Brandman
Title
President
Phone
4046762749
Signed
2017-03-22

Organization Details

Principal Officer
Jared Brandman
Formed
2014
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Melissa D Preston CPA Pc
Address
50 HURT PLAZA SUITE 1438, ATLANTA, GA 30303
Preparer
Melissa Preston
Phone
4042145007
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation offers to further the mission and the purposes of the school, including by providing resources for improvements to the school's faculty, facilities, technology, teacher and program improvements. The activities of the foundation will be to solicit charitable contributions, to expand funds to offset expenses of the school's eductional activities that are not funded by public authorities, and to seek to raise an endowment to generate future income for similar purposes.”

Form 990, Page 2, Part III, Line 4D

“The organizations largest, and currently the only source of program service”

Raw XML Appendix299 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE FOUNDATION OFFERS TO FURTHER THE MISSION AND THE PURPOSES OF THE SCHOOL, INCLUDING BY PROVIDING RESOURCES FOR IMPROVEMENTS TO THE SCHOOL'S FACULTY, FACILITIES, TECHNOLOGY, TEACHER AND PROGRAM IMPROVEMENTS. THE ACTIVITIES OF THE FOUNDATION WILL BE TO SOLICIT CHARITABLE CONTRIBUTIONS, TO EXPAND FUNDS TO OFFSET EXPENSES OF THE SCHOOL'S EDUCTIONAL ACTIVITIES THAT ARE NOT FUNDED BY PUBLIC AUTHORITIES, AND TO SEEK TO RAISE AN ENDOWMENT TO GENERATE FUTURE INCOME FOR SIMILAR PURPOSES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION OFFERS TO FURTHER THE MISSION AND THE PURPOSES OF THE SCHOOL, INCLUDING BY PROVIDING RESOURCES FOR IMPROVEMENTS TO THE SCHOOL'S FACULTY, FACILITIES, TECHNOLOGY, TEACHER AND PROGRAM IMPROVEMENTS. THE ACTIVITIES OF THE FOUNDATION WILL BE TO SOLICIT CHARITABLE CONTRIBUTIONS, TO EXPAND FUNDS TO OFFSET EXPENSES OF THE SCHOOL'S EDUCTIONAL ACTIVITIES THAT ARE NOT FUNDED BY PUBLIC AUTHORITIES, AND TO SEEK TO RAISE AN ENDOWMENT TO GENERATE FUTURE INCOME FOR SIMILAR PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS LARGEST, AND CURRENTLY THE ONLY SOURCE OF PROGRAM SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEFORE THE RETURN IS FILED, THE BOARD WILL HOLD A BOARD MEEITNG TO REVIEW THE RETURN AND ASK ANY QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY AND ADDRESSES ANY CONFLICTS THAT MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 93348
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030359
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.GLOBEPTCC.WEEBLY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JARED BRANDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04046762749
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBE ACADEMY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0464838222
ReturnHeader/Filer/PhoneNum04046762749
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 98348
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030359
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030452982
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MELISSA D PRESTON CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 HURT PLAZA SUITE 1438
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030303
ReturnHeader/PreparerPersonGrp/PhoneNum04042145007
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELISSA PRESTON
ReturnHeader/ReturnTs02017-03-30T19:44:13+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,950
Liabilities
$112
Net assets
$78,838
Revenue
$152,441
Expenses
$127,902
Net income
$24,539
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$1.09$1.62$0.53
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$1.45$2.06$0.61
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$1.38$1.07$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.46$2.46$1.14$0.68$0.47
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.50$0.76$0.67$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.91$1.91$1.31$1.24$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$1.44$1.17$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.57$1.56$1.10$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$1.08$0.75$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.52$1.28$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.64$0.14$0.50