Civic Intelligence

Globe Academy Foundation Inc

990EZ • Fiscal year 2019 • EIN 46-4838222

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

Organization Profilewww.globeptcc.weebly.com
PO Box 98348Atlanta, GA 30359

(404) 759-5848

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-7.4%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$184,488

Up $26,926 (+17%) from 2018

Net Assets

Up

$184,376

Up $26,926 (+17%) from 2018

Liabilities

Flat

$112

Flat from 2018

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin74th percentile

Revenue

Down

$144,261

Down $11,510 (-7.4%) from 2018

Expenses

Up

$117,335

Up $6,941 (+6.3%) from 2018

Net Income

Down

$26,926

Down $18,451 (-41%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2019

Assets$184,488
Liabilities$112
Net Assets$184,376
Open 2019 Filing

Operations Trend

Revenue Growth37th 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

2019

Revenue$144,261
Expenses$117,335
Net Income$26,926
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.1
Gross Receipts
$144,261
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.

Program Services

DescriptionGrantsExpenses
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.$104,883-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON KORZONTreasurerPT$0--
CHRISTINA WAIDESecretaryPT$0--
APRIL FIELDSChairmanPT$0--
KADY WEINGARTChairmanPT$0--
Filing and Contact Details

Filer

Filer Name
Globe Academy Foundation Inc
EIN
46-4838222
Phone
4047595848
Address
PO Box 98348, Atlanta, GA 30359

Signing Officer

Name
Namita Agravat
Title
Treasurer
Signed
2020-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Melissa D Preston CPA PC
Address
50 Hurt Plaza SE Suite 1438, Atlanta, GA 30303
Preparer
Melissa Preston
Phone
4042145007
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $137”

Other Expenses.1003

“Information Technology $871”

Other Expenses.1012

“Insurance $1200”

Other Expenses.1

“Classroom support $42745”

Other Expenses.2

“Spirit Wear $13949”

Other Expenses.3

“Teacher grants $13313”

Other Expenses.4

“Wishlist grant $12516”

Other Expenses.5

“Auction expense $11371”

Other Expenses.6

“MIscellaneous overhead $8800”

Other Expenses.7

“Global awareness $6678”

Other Expenses.8

“MIscellaneous program expenses $1028”

Other Expenses.9

“Communications Coordination $72”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $112 Accounts Payable and Accrued Expenses - Ending $112”

Raw XML Appendix147 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Chairman
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0112680
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/ProgramServiceRevenueAmt0144261
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0104883
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $871
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Classroom support $42745
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Spirit Wear $13949
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Teacher grants $13313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Wishlist grant $12516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Auction expense $11371
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MIscellaneous overhead $8800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Global awareness $6678
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MIscellaneous program expenses $1028
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Communications Coordination $72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $112 Accounts Payable and Accrued Expenses - Ending $112
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0NAMITA AGRAVAT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Globe Academy Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0464838222
ReturnHeader/Filer/PhoneNum04047595848
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 SE Suite 1438
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030303
ReturnHeader/PreparerPersonGrp/PhoneNum04042145007
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Preston
ReturnHeader/ReturnTs02020-05-07T10:16:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$184,488
Liabilities
$112
Net assets
$184,376
Revenue
$144,261
Expenses
$117,335
Net income
$26,926
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